Did you know that there are Buyers out there in the Real Estate market today, who think that if they buy a house from a “for sale by owner” that they will save money. Most “For Sale By Owners”, decide on the value of their home by figuring out what they “need” to get out of it.   As we all know the value of a house is not based on what the Seller “needs” to get out of it, but rather by what other, similar houses in the area have... [read more]

Did you know that when you are ready to purchase a property you will hear the word insurance, over and over again.  Mortgage Insurance, Life Insurance, House Insurance Who do you know that has no idea why they have to pay for mortgage insurance, when they’re buying a property with less than a 20% down payment. The reason buyers pay mortgage insurance is to protect the lenders money.  Yes that’s right, buyers pay to insure the lenders money.  If the Buyer,... [read more]

We are Bonnie and Paul Jones and we are Full-Time Realtors with Sutton Group Heritage Realty. First time home Buyers are going to be hard pressed to get into home ownership, given the recently changed lending criteria? Who do you know that will be trying to Buy their first home in 2017? They would be a great referral for us.  We love working with first time home Buyers. With competing offers, lending restrictions and low inventory first time home Buyers have a very small window... [read more]

Recent studies have shown that the old adage of buying the worst house on the block may not offer the best rate of return. Often it is the worst house, and priced accordingly, for good reason. As an investment strategy one is often better off focusing on the neighborhood itself, with an average home in a hot neighborhood often doing far better than the ugly duckling in a less desirable area.   [read more]

CMHC Fees are set to increase on March 17th. A typical 5 year, 5% down mortgage will see insurance fees jump from 3.6% to 4%. But if you buy a house before March 17th, you will get the lower rate. Contact us for more info... [read more]