Archive for January 2015

Niagara-On-The-Lake Real Estate – Is It For You?

niagara-on-the-lake-galleryAre you thinking about moving to Canada at some point in time, but you would prefer not moving that far out of the United States? There are certain areas of Canada which are right on the border, offering excellent places to live, and real estate that is very affordable. Located a stone’s throw from Niagara Falls, and very close to Buffalo New York, you could move to a place called Niagara-on-the-Lake, a beautiful location in southern Ontario. Here is what you need to know about this prime location for living in Canada, one that many people have found to be a great vacation spot, and ultimately a wonderful place to live.

Niagara-on-the-Lake Overview

This is a town that has a very small population, less than 20,000 people. It is located in southern Ontario, right about where the Niagara River comes to Lake Ontario on which this town is built on the shores. Across from Youngstown New York, it is the only place in all of Canada where there is a person called the Lord Mayor. Originally settled back in 1781, it provided a place for the military, specifically pro-British loyalists, and was a key player in the war of 1812.

Niagara-On-The-Lake Real Estate

When you get to this area, you will realize that quite a bit of it is designed for tourism. Many theatrical productions have been done there, and there is also the RiverBrink Art Museum. One of the most popular Stephen King novels in history, The Dead Zone, was actually filmed in this area. Overall, it is one of the nicest places to visit, the combination of the river and Lake Ontario, makes this perfect for summer vacations, or if you would prefer the Canadian lifestyle over that which you will find a New York State, it is definitely a place you should try to find a place to live.

This brief overview of homes for sale in Niagara-on-the-lake should to you in on how this might be one of the best places for you to go if you are looking for something a little more tranquil, a place that is not in the US, but close enough where you will still feel at home. Now that you know what you should do in regard to finding a vacation spot in Canada, go ahead and try to find some rentals in the area that you can rent for a few weeks just to see how much Niagara-on-the-Lake grows on you.

Real Estate Buying Tips From The Pros

businessman with mini house and US dollarsWhether you are buying your first home or a multi-family complex, investing in real estate is a smart move for your financial future. Although the real estate market may have periodic ups and downs, as long as you hang onto a property long enough you will almost always make a profit.

Because buying property is a far more complex process than buying other types of goods, it is important to learn everything you can before you invest your hard-earned money. The following real estate buying tips should help you gain the knowledge and perspective you need to make a wise investment.

1. Get your credit in tip-top shape before you apply for a loan.

Your credit score not only has a profound effect on your ability to borrow, but also on the amount of your monthly payments. People with low credit scores tend to get loans with far higher interest rates. This can tack hundreds of dollars per month onto your mortgage payment.

Before you begin looking at properties or talking to banks, take some time to make sure your credit report is accurate. Contact the credit bureaus to have any erroneous information removed. Additionally, consider taking other steps to improve your credit such as paying down existing debt.

2. Save as much as you can for a down payment.

Having a substantial amount saved toward a down payment can improve your chances of qualifying for a loan. More importantly, however, it can also help drastically reduce your monthly payments.

If you put less than 20% down on a home, your bank will most likely require you to carry private mortgage insurance. This can dramatically increase your monthly loan payment. By putting at least 20% down, however, you can eliminate this extra expense, keeping your payments as low as possible as a result.

3. Choose a Mississauga real estate agent who is an enthusiastic advocate in your house hunting journey.

A good real estate agent can not only help you find properties with hidden potential, but they can also help improve your chances of making an offer that gets accepted. Spend some time interviewing agents before you decide which one to work with. Choose an agent who seems passionate about helping you find a property that meets all of your needs.

Avoid agents who seem more interested in their commission than in helping you. During your initial interview with a real estate agent, pay attention to whether or not they truly listen to your needs. Do they take notes on your requirements? Do they ask insightful questions to try to get to the heart of what you are looking for? Do they seem excited to work with you, or do they act like you are just one customer among many? These types of questions can help you narrow in on the best agent for the job.

Investing in real estate is one of the wisest things you can do for your financial future. Regardless of how much experience you have with purchasing properties, these simple tips will help you get the best deal possible on your new place.