Homebuyer's School

About to finalize buying your home? What are the closing costs you need to be aware of? In this episode, we talk with Brad McCallum, Realtor with ReMax First, and discuss the additional costs you need to be aware of when buying a home, when they occur and where they come from. We also discuss if you can buy a home without any closing costs.   Prefer to watch the video or read and take notes? See the transcript: https://stories.brookfieldresidential.com/homebuyersschool/what-are-closing-costs-when-buying-a-home-or-a-condo   We discuss the following items:  What are the closing costs when buying a house or condo? When do you pay the closing costs and to whom? Can you buy a home without closing costs?   Have any questions or show topic suggestions? Contact us: Email: live.calgary@askbrookfield.com live.edmonton@askbrookfield.com Web: homebuyersschool.ca

Should you buy a home before or after you are married? In this episode, we talk with Brad McCallum, Realtor with ReMax First, and discuss the pros and cons of buying a home before and after getting married. You'll learn key family and economic conditions that will impact your decision to buy a home.   Prefer to watch the video or read and take notes? See the transcript: https://stories.brookfieldresidential.com/homebuyersschool/pros-and-cons-buying-a-home-before-and-after-marriage   We discuss the following items:  Pros and cons of buying a home before marriage Pros and cons of buying a home after marriage Family and economic factors when buying a home   Have any questions or show topic suggestions? Contact us: Email: live.calgary@askbrookfield.com live.edmonton@askbrookfield.com Web: homebuyersschool.ca

Planning on buying your first home this year? What are the top mistakes other first time home buyers make and how do you avoid them? In this episode, we talk with Brad McCallum, Realtor with ReMax First, and discuss some common mistakes when buying your first home such as assuming every home on the market is a good buy or being not ready to actually make a purchase.    Prefer to watch the video or read and take notes? See the transcript: https://stories.brookfieldresidential.com/homebuyersschool/avoid-biggest-first-time-home-buyer-mistakes   We discuss the following items:  First time home buyer mistakes to avoid including: Trying to time the market Assuming every home in the market is a good buy Assuming every home in the market is overpriced Being not prepared to buy   Have any questions or show topic suggestions? Contact us: Email: live.calgary@askbrookfield.com live.edmonton@askbrookfield.com Web: homebuyersschool.ca

Before buying a home, what do you need to consider and prepare for? In this episode, we talk with Brad McCallum, Realtor with ReMax First, and discuss what are the top five things you absolutely MUST consider before buying a home for the first time.    Prefer to watch the video or read and take notes? See the transcript: https://stories.brookfieldresidential.com/homebuyersschool/top-5-things-to-consider-when-buying-a-home-for-the-first-time   We discuss the following items:  What you must consider before before buying a home including: Understanding the value of a home The cost of buying (not just monetary) Location Future needs Lifestyle   Have any questions or show topic suggestions? Contact us: Email: live.calgary@askbrookfield.com live.edmonton@askbrookfield.com Web: homebuyersschool.ca

Thinking about buying a home in 2020? What are some things you need to consider? In this episode, we talk with Brad McCallum, Realtor with ReMax First, and discuss what are the key factors to look if you are planning to buy a home in 2020. We explore if you should time the market and what non-monetary reasons to consider.    Prefer to watch the video or read and take notes? See the transcript: https://stories.brookfieldresidential.com/homebuyersschool/should-i-wait-to-buy-a-house-in-2020   We discuss the following items:  Should you buy a home in 2020? Should you try to time the market when buying? What other reasons, besides home value, to consider when buying a home   Have any questions or show topic suggestions? Contact us: Email: live.calgary@askbrookfield.com live.edmonton@askbrookfield.com Web: homebuyersschool.ca

Ready to sell your home? Is staging your home required?  In this episode, we talk with Brad McCallum, realtor with Remax First, and discuss if staging actually helps sell your home faster. We explore how to make your home "less personal" for visitors and if it's better to have an empty home or a staged home. Finally, we provide some DIY staging tips if you don't want to pay for professional staging.    Prefer to watch the video or read and take notes? See the transcript: https://stories.brookfieldresidential.com/homebuyersschool/does-staging-your-home-help-it-sell   We discuss the following items:  Does staging your home help it sell? How to "de-personalize" your home when selling Is it better to have a home staged or completely empty? Making sure your home is clean while selling Do it yourself staging tips   Have any questions or show topic suggestions? Contact us: Email: live.calgary@askbrookfield.com live.edmonton@askbrookfield.com Web: homebuyersschool.ca

Wondering what the true cost of homeownership is? In this episode, we talk with Brad McCallum, realtor with Remax First, and discuss all the costs when buying and owning a home that aren't readily apparent. We talk about home maintenance costs and how location not just affects your home's cost but also lifestyle. We also explore the costs associated with new and resale homes.    Prefer to watch the video or read and take notes? See the transcript: https://stories.brookfieldresidential.com/homebuyersschool/hidden-costs-when-buying-a-house   We discuss the following items:  What is the true cost of homeownership? Cost of home maintenance How where you live directly and indirect impacts costs Cost of buying new vs resale home   Have any questions or show topic suggestions? Contact us: Email: live.calgary@askbrookfield.com live.edmonton@askbrookfield.com Web: homebuyersschool.ca

Wondering what the differences are between closing costs and a down payment? How do they affect you when buying a home? In this episode, we talk with Troy Champ, Mortgage Advisor with Mortgage Tree and discuss the differences between the two, how closing costs are applied when buying a home, what home builders may cover. Finally, we also look at differences between the two regarding new and resale homes.    Prefer to watch the video or read and take notes? See the transcript: http://stories.brookfieldresidential.com/homebuyersschool/are-down-payments-and-closing-costs-the-same   We discuss the following items:  Differences between a down payment and closing costs  What's included in closing costs?  The difference in closing costs between new and resale home?  What home builders cover in relation to closing costs?   Have any questions or show topic suggestions? Contact us: Email: live.calgary@askbrookfield.com live.edmonton@askbrookfield.com Web: homebuyersschool.ca

Planning to buy a new home? Wondering if you should buy new or used? What are the pros and cons? In this episode, we talk with Cory McDonald, Community Manager with Brookfield Residential, and discuss whether to buy a new or resale home and the benefits of each. We talk about pricing and additional fees as well as the impact of location when making your decision.    Prefer to watch the video or read and take notes? See the transcript: https://stories.brookfieldresidential.com/homebuyersschool/pros-and-cons-of-buying-new-vs.-resale-home   We discuss the following items:  Pros and cons of buying a new home vs a resale home Impact of location and community Which is cheaper? Additional fees to consider   Have any questions or show topic suggestions? Contact us: Email: support@homebuyersschool.ca Web: homebuyersschool.ca

What's the best way to light up your home's interior? How about for every room? In this episode, we talk with Rebecca Hotchkiss, Interior Designer with Brookfield Residential, and discuss how to choose lighting for your home, lighting maintenance, as well as the best lighting design for each room of your home. We also explore different lighting design ideas.  Prefer to watch the video or read and take notes? See the transcript: https://stories.brookfieldresidential.com/homebuyersschool/plan-interior-lighting-design-for-my-home    We discuss the following items:  How do you choose lighting for your home? Home lighting maintenance Lighting every room in your home Lighting design tips   Have any questions or show topic suggestions? Contact us: Email: support@homebuyersschool.ca Web: homebuyersschool.ca

Debating whether to put porcelain or ceramic tile in your home? What are the best uses for each? In this episode, we talk with Rebecca Hotchkiss, Interior Designer with Brookfield Residential, and discuss the difference between porcelain and ceramic and where the best places to put them in your home. We also explore how to clean, maintain and if they need to be replaced.     Prefer to watch the video or read and take notes? See the transcript: https://stories.brookfieldresidential.com/homebuyersschool/how-to-tell-the-difference-between-ceramic-and-porcelain-tile    We discuss the following items:  Difference between porcelain and ceramic tile When to use either for your home How to clean and maintain When to replace (if at all)   Have any questions or show topic suggestions? Contact us: Email: support@homebuyersschool.ca Web: homebuyersschool.ca

Thinking about changing carpet for your current home? How about for a new home? How do you choose the best one for each room? In this episode, we talk with Rebecca Hotchkiss, Interior Designer with Brookfield Residential, and discuss choosing the best carpet for your home including: quality and durability and which carpet is easier to clean. We also explore which carpet makes your home look bigger and how to choose the right colour for each room.    Prefer to watch the video or read and take notes? See the transcript: https://stories.brookfieldresidential.com/homebuyersschool/how-to-choose-the-best-carpet-for-every-room-in-your-home    We discuss the following items:  Choosing the best carpet for your home Quality and durability of carpets Which ones are easier to clean/maintain? Which carpet makes your room look bigger? How to choose the right carpet colour for each room Which colours are trending for 2019 and 2020?   Have any questions or show topic suggestions? Contact us: Email: support@homebuyersschool.ca Web: homebuyersschool.ca

Looking to use tile for your new home? Which ones are best suited for each room? why?In this episode, we talk with Rebecca Hotchkiss, Interior Designer with Brookfield Residential, and discuss how to choose the best tile for each room in your home including maintenance and colour.     Prefer to watch the video or read and take notes? See the transcript: https://stories.brookfieldresidential.com/homebuyersschool/how-to-choose-the-best-tile-for-every-room-in-your-home    We discuss the following items:  Which tile is best for every room in your home (i.e. porcelain, ceramic, marble, etc...) Which is easier to maintain How to choose tile colour to complement your interior design   Have any questions or show topic suggestions? Contact us: Email: support@homebuyersschool.ca Web: homebuyersschool.ca

Looking for different flooring options other than hardwood for your home? What are the costs and maintenance? In this episode, we talk with Rebecca Hotchkiss, Interior Designer with Brookfield Residential, and discuss flooring alternatives and when you would need them. We also explore how to maintain and pricing.     Prefer to watch the video or read and take notes? See the transcript: https://stories.brookfieldresidential.com/homebuyersschool/what-are-flooring-alternatives-to-hardwood-to-use-in-your-home    We discuss the following items:  What flooring options you have have outside of hardwood When to use these options Do these flooring alternatives ever need to be replaced? How to maintain and what are the costs   Have any questions or show topic suggestions? Contact us: Email: support@homebuyersschool.ca Web: homebuyersschool.ca

Renovating or designing a bathroom? What countertops should you use? In this episode, we talk with Mackenzie Schurer, Interior Designer with Brookfield Residential, and discuss bathroom countertop ideas and how to choose the best one for your home. We explore cleaning and sealing, and modern design ideas to complement the rest of your house.     Prefer to watch the video or read and take notes? See the transcript: https://stories.brookfieldresidential.com/homebuyersschool/how-to-choose-the-best-countertop-for-your-bathroom    We discuss the following items:  Choosing the right countertop for your bathroom and what you must consider before installing Cleaning and sealing tips Design ideas to complement the rest of your home   Have any questions or show topic suggestions? Contact us: Email: support@homebuyersschool.ca Web: homebuyersschool.ca

Updating the interior paint colours of your home? Choosing colours for a brand new home? How do you choose the colour that will complement the rest of the home? In this episode, we talk with Mackenzie Schurer, Interior Designer with Brookfield Residential, and discuss how to make this decision based on the type of room and complementary elements like flooring and countertops. We also explore which colours to choose to improve your home's resale value.     Prefer to watch the video or read and take notes? See the transcript: https://stories.brookfieldresidential.com/homebuyersschool/how-to-pick-the-best-interior-paint-colours-for-your-home    We discuss the following items:  Choosing the best interior paint colours based on: Type of room Other complementary elements like countertops or flooring improve resale value   Have any questions or show topic suggestions? Contact us: Email: support@homebuyersschool.ca Web: homebuyersschool.ca

Planning on a renovating or installing new kitchen tile countertops? What are the best types of tile? How about the latest designs? In this episode, we talk with Mackenzie Schurer, Interior Designer with Brookfield Residential, and discuss new countertop tiles for your kitchen, benefits of each, maintenance and price. We also review some tile countertop ideas, combinations and trends.     Prefer to watch the video or read and take notes? See the transcript: https://stories.brookfieldresidential.com/homebuyersschool/what-are-the-best-modern-tile-countertop-ideas-for-your-kitchen    We discuss the following items:  Best types of countertops for kitchens and benefits of each Maintenance and pricing Countertop ideas including combinations and trends   Have any questions or show topic suggestions? Contact us: Email: support@homebuyersschool.ca Web: homebuyersschool.ca

Wondering if you can actually afford to buy that home you've been eyeing? How much can you  afford? How much will your lender provide? In this episode, we talk with Mujtaba Syed, Mortgage Specialist with the Bank of Montreal, and discuss how much mortgage you can afford and how the banks/lenders determine how much they can lend you. We explore how your income and debt impacts mortgage affordability and how you should set up a monthly budget to include your mortgage payments.     Prefer to watch the video or read and take notes? See the transcript: https://stories.brookfieldresidential.com/homebuyersschool/how-much-mortgage-can-i-afford-including-calculating-income-and-debt    We discuss the following items:  How much mortgage can you afford How banks/lenders determine how much to lend you How your income and debt affect mortgage affordability How to set up a budget to include monthly mortgage payments   Have any questions or show topic suggestions? Contact us: Email: support@homebuyersschool.ca Web: homebuyersschool.ca

Planning to apply for a mortgage? Who do you talk to? How do you get the best rates? In this episode, we talk with Mujtaba Syed, Mortgage Specialist with the Bank of Montreal, and discuss choosing the right mortgage lender for you. We also explore how to do your research when looking for a lender, questions you need to ask and if you can (or should) change lenders when renewing your mortgage.    Prefer to watch the video or read and take notes? See the transcript: https://stories.brookfieldresidential.com/homebuyersschool/how-to-choose-the-right-mortgage-lender    We discuss the following items:  Choosing the right mortgage lender for you How to research and what questions to ask If you can (and should) change lenders when renewing your mortgage Do lenders specialize in specific mortgage types?   Have any questions or show topic suggestions? Contact us: Email: support@homebuyersschool.ca Web: homebuyersschool.ca

Before applying for a mortgage, what do you need to prepare? How do you get your finances in order? In this episode, we talk with Mujtaba Syed, Mortgage Specialist with the Bank of Montreal, and discuss how to prepare for a mortgage including how to understand your budget, ways to improve your credit and how the mortgage approval process works.   Prefer to watch the video or read and take notes? See the transcript: https://stories.brookfieldresidential.com/homebuyersschool/what-you-need-to-do-before-applying-for-a-mortgage    We discuss the following items:  How and what to prepare for your mortgage application How to improve your credit score What to know about the mortgage approval process   Have any questions or show topic suggestions? Contact us: Email: support@homebuyersschool.ca Web: homebuyersschool.ca

Not sure about the difference between a condo or townhouse? How do you find out which one is right for you? In this episode, we talk with Karen McDonald, Community Manager with Brookfield Residential, we discuss the differences between the home types, property tax implications of each and which has a higher resale value.    Prefer to watch the video or read and take notes? See the transcript: https://stories.brookfieldresidential.com/homebuyersschool/townhouse-vs-condo-whats-the-difference-and-which-has-a-better-resale-value    We discuss the following items:  Differences between a condo and townhouse including Pros and cons of owning each Property tax implications on each Which has more resale value   Have any questions or show topic suggestions? Contact us: Email: support@homebuyersschool.ca Web: homebuyersschool.ca

What's the difference between a mortgage pre-approval and mortgage approval? What are criteria to get each? Who do you need to get approval from? In this episode, we talk with Mujtaba Syed, Mortgage Specialist with the Bank of Montreal, and discuss the differences between the two approvals and their requirements. We also look at examples of why a bank might not give approval and what happens if you get declined by a mortgage insurance provider. Finally, we see if you can switch lenders after pre-approval and reasons why to make a change.   Prefer to watch the video or read and take notes? See the transcript: https://stories.brookfieldresidential.com/homebuyersschool/mortgage-pre-approval-vs-approval-whats-the-difference    We discuss the following items:  Difference between a mortgage pre-approval and approval What are your options if you get declined for mortgage insurance? Reasons why a bank may not find a property desirable to grant a mortgage approval Can you switch lenders after getting pre-approved (and some reasons to) Do you need to go through the approval process again if you switch lenders? Does a pre-approval affect your credit score?   Have any questions or show topic suggestions? Contact us: Email: support@homebuyersschool.ca Web: homebuyersschool.ca

Thinking about buying a townhouse? Where do you start? What questions should you ask? In this episode, we talk with Karen McDonald, Community Manager with Brookfield Residential, and look at the steps involved in buying a townhome and how to prepare. If you are comparing between a townhouse and condo, we also discuss the differences and which costs more.    Prefer to watch the video or read and take notes? See the transcript: https://stories.brookfieldresidential.com/homebuyersschool/how-to-buy-a-townhouse-for-the-first-time    We discuss the following items:  How to buy a townhouse as your first home How to prepare prior to viewing townhomes Which costs more? Condo or townhome?   Have any questions or show topic suggestions? Contact us: Email: support@homebuyersschool.ca Web: homebuyersschool.ca

Moving into your first condo? Downsizing from your house to a condo? What should you know? In this episode, we talk with Karen McDonald, Community Manager with Brookfield Residential, and discuss some tips on condo living for those moving in to their first home to those downsizing to a condo. We explore adjustments you may have to make as well as decorating and upgrade ideas for your condo.   Prefer to watch the video or read and take notes? See the transcript: https://stories.brookfieldresidential.com/homebuyersschool/downsizing-from-house-to-a-condo-what-you-ought-to-know-and-expect    We discuss the following items:  Condo living tips including: Moving from a house to a condo Adjustments you need to make when moving Condo decorating ideas Home upgrades to consider when buying a condo   Have any questions or show topic suggestions? Contact us: Email: support@homebuyersschool.ca

Planning to get or renew a mortgage? Wondering whether you should go with a variable or fixed rate in 2019? In this episode, we talk with Mujtaba Syed, Mortgage Specialist with the Bank of Montreal, and discuss fixed and variable mortgages as well as mortgage rate outlook for 2019. We provide examples of when to use variable vs fixed. Finally we explore which is better, a five or ten year mortgage term including examples of using each.    Prefer to watch the video or read and take notes? See the transcript: https://stories.brookfieldresidential.com/homebuyersschool/fixed-vs-variable-mortgage-in-2019-which-is-better-for-you    We discuss the following items:  Which one is better for you in 2019: fixed for variable mortgage? Examples of how each type could benefit your situation Interest and mortgage rate outlook in 2019  Which is better: 5 or 10 year term on a mortgage?   Have any questions or show topic suggestions? Contact us: Email: support@homebuyersschool.ca Web: homebuyersschool.ca

When buying a condo, who is responsible for maintaining it? What are the owner's responsibilities? Renters? In this episode, we talk with Karen McDonald, Community Manager with Brookfield Residential and discuss maintenance responsibilities, how maintenance fees are calculated and what's included in these fees.    Prefer to watch the video or read and take notes? See the transcript: https://stories.brookfieldresidential.com/homebuyersschool/whos-responsible-for-condo-maintenance-and-repairs    We discuss the following items:  Responsibility of condo maintenance and repairs Responsibility of a homeowner and renter How are condo maintenance fees calculated and what's included?   Have any questions or show topic suggestions? Contact us: Email: support@homebuyersschool.ca

In this episode of Homebuyer's School, we talk with Mujtaba Syed, Mortgage Specialist with the Bank of Montreal, and discuss how a mortgage actually works and all the elements involved when borrowing to buy a home. We explore what a lien is, what happens if you can't pay off your mortgage and mortgage portability. Finally, we talk about the types of mortgage penalties and how to avoid them.   Prefer to watch the video or read and take notes? See the transcript: https://stories.brookfieldresidential.com/homebuyersschool/how-does-a-mortgage-work-in-canada    We discuss the following items:  How a mortgage works What's a lien? What happens if you can't afford your mortgage? Can you transfer your mortgage if you buy a new home? Mortgage penalties   Have any questions or show topic suggestions? Contact us: Email: support@homebuyersschool.ca Web: homebuyersschool.ca

Deciding if you should buy a condo and if it's worth investing in? In this episode, we talk with Karen McDonald, Community Manager with Brookfield Residential, and discuss if condos are a good investment. We explore how your research is different when buying a condo as an investment. Finally, we see if a resale or a new condo is a better investment.      Prefer to watch the video or read and take notes? See the transcript: https://stories.brookfieldresidential.com/homebuyersschool/are-condos-a-good-investment-and-worth-buying    We discuss the following items:  Are condos a good investment? How to research when buying a condo for investment Which is a better investment: A brand new or a resale condo?   Have any questions or show topic suggestions? Contact us: Email: support@homebuyersschool.ca

Thinking about or ready to get a mortgage approval? What are the steps involved? What do you need to prepare? In this episode, we talk with Mujtaba Syed, Mortgage Specialist with the Bank of Montreal, and discuss how the mortgage approval works and the steps involved throughout the home buying process. We also explore mortgage approval requirements including the 5 C's of credit that the bank or lender use. Finally, we talk about mortgage approval impacts to credit score, how long it takes to get approved and questions to ask your lender.    Prefer to watch the video or read and take notes? See the transcript: https://stories.brookfieldresidential.com/homebuyersschool/how-does-the-mortgage-approval-process-work-in-canada    We discuss the following items:  How a mortgage approval works and the steps involved What are the mortgage approval requirements What are the 5 C's of credit your bank or lender look for? How long does an approval takes? Does a mortgage approval impact your credit score? What questions should you ask your lender before getting a mortgage?   Have any questions or show topic suggestions? Contact us: Email: support@homebuyersschool.ca Web: homebuyersschool.ca

Wondering if condo living is right for you? In this episode, we talk with Karen McDonald, Community Manager with Brookfield Residential, and discuss the pros and cons of living in a condo. We explore how noise travels through a condo and how it impacts you. We also review what to look for when research your condo preferences and how customizable is your condo.    Prefer to watch the video or read and take notes? See the transcript: https://stories.brookfieldresidential.com/homebuyersschool/what-are-the-pros-and-cons-of-living-in-a-condo    We discuss the following items:  What are the pros and cons of living in a condo? Understanding the impact of noise on condo living How to research your condo lifestyle preference How customizable is your condo?   Have any questions or show topic suggestions? Contact us: Email: support@homebuyersschool.ca Web: homebuyersschool.ca

In this episode, we talk with Mujtaba Syed, Mortgage Specialist with the Bank of Montreal, and discuss new information about the First Time Home Buyer Incentive Program from the Canada Housing Mortgage Corporation (CMHC). We discuss who can apply, impact on the mortgage stress test, down payment requirements and how it affects mortgage insurance. We also go through an example of how the Incentive Program works and if it actually makes buying a home for the first time easier.    Prefer to watch the video or read and take notes? See the transcript: https://stories.brookfieldresidential.com/homebuyersschool/update-cmhc-first-time-home-buyer-incentive-program    We discuss the following items:  New information about CMHC's First Time Home Buyer Incentive Program and if it makes first time home buying easier Who can apply? When does it start and for how long? Impacts on the Stress Test Down payment requirements Do you still require mortgage insurance if you use the program? We also walk through an example of how the program works   Have any questions or show topic suggestions? Contact us: Email: support@homebuyersschool.ca Web: homebuyersschool.ca

Thinking about downsizing your home? How do you know if and when you should start? In this episode, we talk with Kevin French, Realtor with Remax, and discuss why would you want to downsize your home, how to start and when is the best time. We also explore if you should downsize your home to pay off debt and the impact of downsizing on your home equity.    Prefer to watch the video or read and take notes? See the transcript: https://stories.brookfieldresidential.com/homebuyersschool/what-homeowners-ought-to-know-about-downsizing-your-home-tips-strategies-and-when-to-do-it    We discuss the following items:  Why you would want to downsize your home including: When and how to start the downsizing process If you should downsize to pay off debt What are the impacts of downsizing and home equity   Have any questions or show topic suggestions? Contact us: Email: support@homebuyersschool.ca Web: homebuyersschool.ca

Planning to buy a condo? Want to know the exact steps from pre-approval to possession. In this episode, we talk with Karen McDonald, Community Manager with Brookfield Residential, we discuss how to buy a condo for the first time including a step by step guide. We also explore different types of condos, buying resale condos and downsizing to a condo.    Prefer to watch the video or read and take notes? See the transcript: https://stories.brookfieldresidential.com/homebuyersschool/step-by-step-guide-on-how-to-buy-a-condo-for-the-first-time    We discuss the following items:  How to buy a condo for the first time including a step by step guide Considering different condo types Buying a resale condo Is a condo a good first home? Downsizing to a condo   Have any questions or show topic suggestions? Contact us: Email: support@homebuyersschool.ca Web: homebuyersschool.ca

Not sure if your first home purchase should be to live in or as an investment property? In this episode, we talk with Kevin French, a Remax realtor, and discuss the pros and cons of buying a home as an investment property as well as explore the financial implications of moving into your investment property.   Prefer to watch the video or read and take notes? See the transcript: https://stories.brookfieldresidential.com/homebuyersschool/what-first-time-home-buyers-need-to-know-about-buying-an-investment-property    We discuss the following items:  Buying your first home as an investment property Pros and cons of buying an investment property What are the implications of living in your investment property?   Have any questions or show topic suggestions? Contact us: Email: support@homebuyersschool.ca Web: homebuyersschool.ca

Wondering if now is the best time to get into the real estate market? In this episode, we talk with Kevin French, a Remax realtor, and discuss the housing and real estate trends for 2019 and beyond. We explore trends for mortgage rates, home types, if 2019 is still a good year to buy a home and expectations into the fall market.    Prefer to watch the video or read and take notes? See the transcript: https://stories.brookfieldresidential.com/homebuyersschool/what-are-the-alberta-and-canada-real-estate-trends-for-2019    We discuss the following items:  What to look for when viewing a house for sale Key details to review that could be hidden by marketing or home preparation Reviewing a home's exterior How to prepare before viewing a home How long a viewing should last for (first, second or even third viewing)   Have any questions or show topic suggestions? Contact us: Email: support@homebuyersschool.ca Web: homebuyersschool.ca

When viewing a show home or a resale home what should you look for? How should you prepare? In this episode, we talk with Kevin French, a Remax realtor, and discuss what to look for when viewing a home for sale including key items that may be hidden by marketing or home preparation. We also explore how long your viewings should last, how to prepare before visiting the home and how to review the home's exterior.   Prefer to watch the video or read and take notes? See the transcript: https://stories.brookfieldresidential.com/homebuyersschool/what-to-look-for-when-viewing-a-house-for-sale    We discuss the following items:  What to look for when viewing a house for sale Key details to review that could be hidden by marketing or home preparation Reviewing a home's exterior How to prepare before viewing a home How long a viewing should last for (first, second or even third viewing)   Have any questions or show topic suggestions? Contact us: Email: support@homebuyersschool.ca Web: homebuyersschool.ca Podcoin

So you're ready to buy a home but how do you prepare? Who do you talk to and what do you need to get ready? In this episode, we talk with Kevin French, a Remax realtor, and discuss discuss preparing and getting ready to buy your first home. We explore what research you need to do and who you need to work with. We also look at things NOT to do, especially when buying a brand new home.   Prefer to watch the video or read and take notes? See the transcript: https://stories.brookfieldresidential.com/homebuyersschool/how-to-prepare-to-buy-your-first-house    We discuss the following items:  How to prepare and get ready for buying a home for the first time What research do you need to do and who do you need to work with What are somethings NOT to do   Have any questions or show topic suggestions? Contact us: Email: support@homebuyersschool.ca Web: homebuyersschool.ca Podcoin

So how do you make sure you get the absolutely best deal when buying a home? In this episode, we talk with Kevin French, a Remax realtor, and discuss how to get the best deal on your next home purchase. We look at shopping for mortgage rates, understanding the market and how to negotiate when buying. We also explore key elements that impact getting the best deal such your savings, home type, upgrades, and timeframe to purchase.   Prefer to watch the video or read and take notes? See the transcript: https://stories.brookfieldresidential.com/homebuyersschool/how-to-get-the-best-deal-when-buying-a-house    We discuss the following items:  How to get the best deal when buying a home including: Shopping for the best mortgage rates Understanding the market How to negotiate when buying How your savings, timeframe to purchase and basement options can impact the deal you are getting How to negotiate for home upgrades and the closing costs   Have any questions or show topic suggestions? Contact us: Email: support@homebuyersschool.ca Web: homebuyersschool.ca

Worried about making a mistake with one of the largest purchases in your lifetime? What can you do to avoid them? In this episode, we talk with Kevin French, a Remax realtor, and we discuss the top five mistakes when buying your first home and how to avoid them. We look at pricing and financing mistakes as well as how much research should you do in addition to relying on trusted advisors, such as a real estate agent.    Prefer to watch the video or read and take notes? See the transcript: https://stories.brookfieldresidential.com/homebuyersschool/how-to-avoid-the-five-biggest-first-time-home-buyer-mistakes    We discuss the following items:  What are the top mistakes first time home buyers make when buying a home? Top financing and home pricing mistakes How much research should you do in addition to relying on a trusted advisor, such as a realtor?   Have any questions or show topic suggestions? Contact us: Email: support@homebuyersschool.ca Web: homebuyersschool.ca

What are the differences between a condo, townhome and a single-family home? What are the pros and cons of living in each home type? In this episode, we talk with Kevin French, Realtor with Remax, and discuss we look at the differences between each and the scenarios when you would buy one over the other.    Prefer to watch the video or read and take notes? See the transcript: https://stories.brookfieldresidential.com/homebuyersschool/condo-vs-townhouse-vs-single-family-home-what-are-the-differences    We discuss the following items:  Differences between a condo, townhome and single family home Pros and cons of buying and living in each home type Scenarios when you would buy one over the other   Have any questions or show topic suggestions? Contact us: Email: support@homebuyersschool.ca Web: homebuyersschool.ca

So you are ready to make your first home purchase. What are the exact steps in buying your new home? In this episode, we talk with Kevin French, Realtor with Remax, and discuss how to buy a home for the first time and guide you with a step by step process on what needs to happen through the entire purchase: from getting your financing in place, to choosing your location, home inspection, home upgrades, closing the deal and more.    Prefer to watch the video or read and take notes? See the transcript: https://stories.brookfieldresidential.com/homebuyersschool/steps-to-buying-a-house-for-the-first-time    We discuss the following items:  First time home buying process and the steps involved including: Home financing Choosing your location Buying new vs. resale Home inspections and when to use them What to consider for home upgrades Working with a realtor What to do after making an offer Timelines on buying a home   Have any questions or show topic suggestions? Contact us: Email: support@homebuyersschool.ca Web: homebuyersschool.ca

Are you a first time home buyer and/or a millennial looking to buy a home? It is more difficult to buy a home these days? In this episode, we talk with Kevin French, Realtor with Remax, and discuss millennials and home buying in 2019 and if it's harder for younger people to buy a home today than it was 5 or 10 years ago and why. We also explore if they are waiting longer to buy a home, stay in their homes longer and if there are any regrets when buying.    Prefer to watch the video or read and take notes? See the transcript: https://stories.brookfieldresidential.com/homebuyersschool/is-it-harder-for-millennials-to-buy-a-house-in-2019-and-beyond    We discuss the following items:  Millennials and home buying in 2019 Is it harder for young people to buy a home today than 5 or 10 years ago? Why? Are younger people waiting longer to buy a home? Do they stay in the home they buy longer? Are there any regrets when buying a home? First time home buyer tips for those ready to buy   Have any questions or show topic suggestions? Contact us: Email: support@homebuyersschool.ca Web: homebuyersschool.ca

Ready to sell your home? How do you find the right real estate agent? How do you know if they are qualified and can fit your needs? In this episode, we talk with Kevin French, Realtor with Remax, and discuss how to choose a realtor when selling your home including how to find the best one in your location. We explore if you should talk to a mortgage professional or realtor first and the cost of showing your home. Finally, we look at how realtors get paid and how agents get listings.     Prefer to watch the video or read and take notes? See the transcript: https://stories.brookfieldresidential.com/homebuyersschool/how-to-choose-a-real-estate-agent-to-sell-your-home    We discuss the following items:  How do you choose right real estate agent to sell your home? Finding the best one in your area Should you talk to a mortgage broker or a real estate agent first? Cost of showing your home How realtors get paid and how they get listings   Have any questions or show topic suggestions? Contact us: Email: support@homebuyersschool.ca Web: homebuyersschool.ca

Decided to use a realtor when buying your first home? What are the key questions to ask so you are well prepared? In this episode, we talk with Kevin French, Realtor with Remax Realty, and discuss the type of questions you need to ask your real estate agent when buying a home. We also explore realtor specializations, such as product or area, and is product or amenities more important. Finally, we discuss how a realtor can help you when researching a home you want to buy.    Prefer to watch the video or read and take notes? See the transcript: https://stories.brookfieldresidential.com/homebuyersschool/questions-to-ask-a-realtor-when-buying-a-house    We discuss the following items:  What kind of questions should you ask a realtor when buying a home? Do realtors have specializations such as product type or area? Is product or amenities more important when buying a home? How should your realtor help when checking/walking through a home?   Have any questions or show topic suggestions? Contact us: Email: support@homebuyersschool.ca Web: homebuyersschool.ca

So what are mortgage rates and how do they impact your ability to buy a home? How would you find the best rate? In this episode, we talk with Mujtaba Syed, Mortgage Specialist with TD Canada Trust, we discuss everything about mortgage rates including; what they are, how are they determine/calculated and how to shop for and compare the best rate.  Finally, we explore where mortgage rates are headed in 2019 and beyond.    Prefer to watch the video or read and take notes? See the transcript: https://stories.brookfieldresidential.com/homebuyersschool/mortgage-rates-explained-how-do-they-work-and-how-to-find-the-best-rate    We discuss the following items:  What are mortgage rates and how are they calculated? How do you find the most current rate? How to shop for and find the best rate? Where mortgage rates are headed in 2019 and beyond   Have any questions or show topic suggestions? Contact us: Email: support@homebuyersschool.ca Web: homebuyersschool.ca

Which will have a better long term financial benefit? Paying off your mortgage or investing your money? In this episode, we talk with Mujtaba Syed, Mortgage Specialist with TD Canada Trust, and discuss which one is best for you and if you should save for retirement (or save in general) first or pay off your mortgage? We also explore if it's a good idea to withdraw your RRSP to pay off your mortgage.     Prefer to watch the video or read and take notes? See the transcript: https://stories.brookfieldresidential.com/homebuyersschool/is-it-better-to-pay-off-my-mortgage-or-invest-my-money    We discuss the following items:  Should I pay off my mortgage or invest? Should I save for retirement or pay off my mortgage? Is it a good idea to withdraw any retirement savings or RRSP's to pay off/down my mortgage? Should I save my money or pay off my mortgage?   Have any questions or show topic suggestions? Contact us: Email: support@homebuyersschool.ca Web: homebuyersschool.ca

So how do you pay off your mortgage faster or earlier? Is it a good idea to? Are there any penalties? In this episode, we talk with Mujtaba Syed, Mortgage Specialist with TD Canada Trust, and discuss how to pay off your mortgage faster and what is the fastest way to do so. We also explore if you should pay off your mortgage before your term ends and if there is a penalties for doing so.     Prefer to watch the video or read and take notes? See the transcript: https://stories.brookfieldresidential.com/homebuyersschool/whats-the-difference-between-an-insured-and-conventional-mortgage-in-canada    We discuss the following items:  Difference between insured and conventional mortgage Benefits of each type and why they would fit your needs How do the payment plans differ between the two? Do insured mortgages have higher payments?   Have any questions or show topic suggestions? Contact us: Email: support@homebuyersschool.ca Web: homebuyersschool.ca

Not sure which type of mortgage to get when buying your next home? What are the differences? In this episode, we talk with Mujtaba Syed, Mortgage Specialist with the Bank of Montreal, and discuss the different type of mortgages in Canada, specifically insured vs conventional mortgage. We explore the benefits of each and the differing payment plans.     Prefer to watch the video or read and take notes? See the transcript: https://stories.brookfieldresidential.com/homebuyersschool/whats-the-difference-between-an-insured-and-conventional-mortgage-in-canada    We discuss the following items:  Difference between insured and conventional mortgage Benefits of each type and why they would fit your needs How do the payment plans differ between the two? Do insured mortgages have higher payments?   Have any questions or show topic suggestions? Contact us: Email: support@homebuyersschool.ca Web: homebuyersschool.ca

Buying a home first the first time? Wondering what programs are available to help first time home buyers? In this episode, we talk with Mujtaba Syed, Mortgage Specialist with the Bank of Montreal, dis and discuss what are the best first time home buyers programs available such as the First Time Home Buyer's Plan and the recently announced First Time Home Buyer Incentive. We also explore available down payment assistance programs.    Prefer to watch the video or read and take notes? See the transcript: https://stories.brookfieldresidential.com/homebuyersschool/what-are-the-best-available-first-time-home-buyer-programs-in-canada    We discuss the following items:  What are the best first time home buyer programs? Such as: First Time Home Buyer's Plan First Time Home Buyer's Incentive Other programs Available down payment assistance programs   Have any questions or show topic suggestions? Contact us: Email: support@homebuyersschool.ca Web: homebuyersschool.ca

Planning to buy a home? What's the best way to start saving quickly? In this episode, we talk with Mujtaba Syed, Mortgage Specialist with the Bank of Montreal, and discuss top tips to save up for a down payment on a home. We also explore if you should pay off your debt before saving for a home, how much should you actually save and if it's better to save more than 20% for a down payment. Finally, we talk about down payment assistance programs you may want to take advantage of.      Prefer to watch the video or read and take notes? See the transcript: https://stories.brookfieldresidential.com/homebuyersschool/best-way-to-start-saving-for-a-down-payment-on-a-house    We discuss the following items:  Top tips to start saving for a down payment on a home Is it advisable to pay off your debt before saving for a down payment? If you really need to get money for a down payment fast, what can you do? How much should you save for a down payment? Is it better to save up past 20%? What are some down payment assistance programs to take advantage of?   Have any questions or show topic suggestions? Contact us: Email: support@homebuyersschool.ca Web: homebuyersschool.ca

In this episode of Homebuyer's School, we talk with Mujtaba Syed, Mortgage Specialist with the Bank of Montreal, and discuss using your RRSP to buy a home, how much can you take out, and when can you do it. We also explore how/when you need to repay your RRSP, if you could use your RRSP to buy a second home and if you could use your RRSP more than once.    Prefer to watch the video or read and take notes? See the transcript: https://stories.brookfieldresidential.com/homebuyersschool/can-you-use-your-rrsp-to-buy-a-home    We discuss the following items:  Using your RRSP to buy a home How much can you take from your RRSP? Can you use your RRSP to buy a second home? How do you repay your RRSP? How many times can you use your RRSP for home buying? What are the advantages of using your RRSP for a down payment?   Have any questions or show topic suggestions? Contact us: Email: support@homebuyersschool.ca Web: homebuyersschool.ca