Here are some fall maintenance tips to ensure your home stay safe and cozy this cold season:
Gutter Cleaning: Clear leaves and debris from your gutters and downspouts to ensure proper drainage. Clogged gutters can lead to water damage and ice dams in colder months.
Heating System Check: Have your heating system serviced by a professional to ensure it's working efficiently. Replace filters and consider a programmable thermostat for energy savings.
Window and Door Inspections: Examine windows and doors for drafts. Replace weatherstripping and caulk any gaps to improve energy efficiency and keep your home warm.
Fireplace Maintenance: If you have a fireplace, have it cleaned and inspected before using it. Ensure your chimney is clear of debris and nests.
Outdoor Faucet and Hose Winterization: Drain and disconnect hoses, and shut off outdoor faucets to prevent freezing and pipe damage.
Test Smoke and Carbon Monoxide Detectors: Check the batteries in your smoke and carbon monoxide detectors, and replace them if needed. Safety is paramount.
A 47-year mortgage? They're out there — and even longer ones could be coming
Canada's top banking regulator will soon implement new guidelines for the mortgage market, aimed at reducing the risks posed by negative amortization mortgages — home loans where the payment terms have ballooned by years and sometimes decades because payments are no longer enough to pay down the loan on the original terms.
Troys Top 6 ways to find the deals in todays market...
Look for and make lower bids and find quality pre-sale assignments completing soon. Some early presale purchasers are walking from $50,000, or more of their deposits, because they can’t/won’t close. Here's a list of presale opportunities.
Don’t get hung up on the “multiple offers”. For every multiple offer there are 7 to 9 houses unsold for months!
Watch for ‘low pricing’ to draw you in. Value is $1.8 million, listed at $1.5 million to get a ‘multiple offers’ scenario going. It still works in the hands of an experienced broker, but it works less frequently as more and more buyers are now very in-tune to the current market.
Price drops will be more common so get on the autolist to keep your finger on the pulse of the market.
Get pre-approved with a quality mortgage broker. If you don't know of one, let me know and I'll send you a few recommendations.
Take note of this: Banks are more nervouse than you! Learn about your current mortgage, read the small print. Most are easily ported to a new purchased. Mortgages may also be transferable to a buyer (they must qualify) This could be a great way/option to close a deal on your property so you can move on to the next.