You’ve signed on the dotted line and your offer was accepted. Congratulations on your new home! As you start readying your finances for closing, one of the top items that first-time home buyers forget to budget for is the land transfer tax (LTT for short). What is The LTT? Buyers of houses and condos in… Continue reading Land Transfer Tax. What Is It and How To Budget For It.
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Six Most Common Post-Closing Issues and How To Avoid Them
There are few things that are more exciting than getting the keys to your new home. What you typically picture as a happy and exciting moment, can quickly turn into a stressful and frustrating mess thanks to a variety of situations that can transpire after closing. In “industry-speak” we call these post-closing issues. As much as… Continue reading Six Most Common Post-Closing Issues and How To Avoid Them
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Status Certificate. What is it and Why Should You Care.
If you are buying a condo, you will probably encounter the term “status certificate”. What exactly is a status certificate and why are status certificates important? Think of a status certificate as a comprehensive document that provides information about the current state of a condominium property. The purpose of it is to give potential buyers… Continue reading Status Certificate. What is it and Why Should You Care.
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How Can I Protect My Home With a Will?
Prepared by Willful for Deeded Owning a home is so exciting! You’ve likely been preparing for this purchase for a long time. You’ve just closed and you just can’t wait to move in and settle down. We’re not here to bring down the mood, but have you thought about what happens to your home if… Continue reading How Can I Protect My Home With a Will?
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Insurance: Everything You Need To Know When Closing
Whether you’re closing on a home or refinancing your mortgage, you are going to need to look into various insurance products. Some of these are going to be mandatory, others are optional, and some are just common sense to have or look into. Here are the various types of insurance products you will encounter when… Continue reading Insurance: Everything You Need To Know When Closing
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Why Skipping The Home Inspection Can Be a Bad Idea
Your heart is beating fast. You just submitted an offer to buy the home of your dreams. You sign the offer, and your agent submits it. Now the waiting game begins and your emotions are entering “rollercoaster mode”. Your agent calls you back 2 hours later with some bad news. The property you made an… Continue reading Why Skipping The Home Inspection Can Be a Bad Idea
