33.50 Acres In South Mulmur, Custom 2844 Sq Ft Stone Home, Spring Fed Pond, Trails, Heated Studio, Greenhouse, 22 Acres Workable Land & 2 Driveways. Inside You Will Find Antique Hemlock Floors, Open Concept Family Rm With Air-Tight Wood Fireplace, Cherry Eat-In Kitchen With Granite & Walk Out To Outdoor Living. Entertaining Is A Breeze On Your New Deck With Glass Railing Overlooking Your Own Piece Of Heaven In The Hills Of Headwaters.
Buyers Blog Posts
- 50 acres located in the heart of Oro!
- 18 acres of hay, spring fed pond, 4 paddocks, bank barn w/ 13 stalls, block barn that would be the perfect shop or add more stalls.
- Classic mid-century home with inviting mud room, warm kitchen, living, dining, office & covered front porch to enjoy the quiet country life.
- Driveways from 7th (no load restriction) & Old Barrie Rd
Easy & stylish living with remarkable finishes top to bottom! Coming home is a breeze when all you have to do is enjoy! Open layout, gorgeous kitchen open to family room & deck overlooking private fenced yard & studio space perfect for workshop, yoga, or gardening — artfully designed to elevate your day to day & to entertain with intricate detailing in every area. Enjoy the lakeside lifestyle with trails, biking, marina’s, rec center & parks at your doorstep. Easy commuter access to hwy 400/89.
~ One Of Central Ontario’s Premier Equestrian Eventing Facilities
~ On 98.82 Acres In The Rolling Hills Of Oro
~ Six Outdoor Sand Show Jumping And Dressage Rings,
~ Cross Country Course (Entry To Preliminary Levels),
~ Turn-Key Equestrian Facility
Welcome to Grandview Farm
Being a Realtor® is so much more than managing transactions. It is about building relationships and inspiring trust. It is about working together towards a common goal. Whether you are buying or selling a home, my goal is to create a strategy that is in line with with your unique aspirations.
Sarah Lunn, Sales Representative
Coldwell Banker Ronan Realty, Brokerage
Part One – Budgeting your Carrying Costs
Finding the right property at an affordable price can sometimes be a challenge. When it comes to deciding just how much home you can afford, there are two kinds of expenses you’ll need to consider – the ongoing or ‘carrying’ costs of the home, and your closing costs.
- The first step in determining your carrying costs is to get pre-approved for a mortgage. By pre-qualifying for a mortgage, you can find out up front what your maximum mortgage payment might be, even before your home search begins. Your lender will look at your earnings, credit history and any outstanding debt, and help you determine what size loan you qualify for, at what rate, and what your regular mortgage payments would be. Being pre-qualified offers another advantage, since it puts you in a stronger negotiating position when you go into an offer with pre-approved financing.
- Once you’re pre-approved, the next step is determining what you actually want to spend on your mortgage payments. Remember, your pre-approved mortgage establishes the maximum amount of loan you’d qualify for, but you may decide that you want to aim at a smaller loan, with a lower payment.
- Be realistic and think about your lifestyle. Although it may seem feasible to handle a sizable mortgage payment at first, keeping it up may eventually require cutting back on other expenses, such as clothing, or entertainment. Make sure that if you plan to make any concessions in these areas, you’re prepared to live with your decision until there’s a change in your income. Owning a home can give you a tremendous amount of pleasure and personal satisfaction, as long as you plan for adequate resources to enjoy it with some peace of mind.
- With your estimated mortgage payment in mind, the next step is to determine your total carrying costs. Add up all your estimated monthly costs, such as the mortgage payment, property taxes, insurance, heating costs and other utilities. Then add a figure to cover yearly maintenance and upkeep. Consider both the interior and exterior of the house, as well as the garage, driveway, landscaping and all other aspects of the property when you arrive at this figure.
- When preparing your budget, be sure that you also make allowance for a “contingency fund” to cover unexpected expenses such as a major repair or the replacement of a large ticket item, such as an appliance. Life sometimes has a way of surprising us, and you don’t want to start out with a budget that’s so tight, there’s no room for the unexpected.
Buying a home is one of the most important financial decisions you will make. To help you understand the process and have
confidence in your choices, consult the following glossary of common terms you may encounter during the homebuying process.
Resource: Canada Mortgage and Housing Corporation (CMHC)
Canada Mortgage and Housing Corporation (CMHC) offers a variety of publications, calculators and online tools to help you make informed and responsible homebuying decisions. For more home buying tips, visit CMHC’s interactive Step by Step Guide at www.cmhc.ca.
There’s a lot to consider when buying a home, and especially in today’s changing market conditions. As your local Coldwell Banker® sales professional will tell you, many markets across Canada are beginning to moderate and become more favourable to buyers. So while you’re considering a possible home purchase, here’s a Homebuyer “Don’t” list that may help you avoid some common mistakes: The “DON’T” List for Prospective Homebuyers:
- DON’T fall in love with the first house or neighbourhood you see. That grand colonial with the picturesque view may win your heart at first glance, but you need to keep an open mind to make sure you find the right fit for all your needs. At the end of your search, it may turn out that the riverfront ranch that’s closer for your commute is a better bet all-around.
- DON’T buy beyond what you can afford. It’s easy to fall into that all-you-can-eat attitude, especially when it comes to your first home purchase. You “want it all” when it comes to size, amenities, location, etc. But remember that your eyes may have a larger appetite than your wallet. Make sure the down payment, closing costs, monthly expenses and taxes are truly within your income and savings range before you sign an offer.
- DON’T treat your home the way you treat your stock portfolio. It’s unrealistic and unwise to expect your housing investment to appreciate as quickly as you’d hope for your high-risk bonds. Buying for lifestyle, and remembering that real estate is a great long-term investment, will help you look at home purchasing and ownership in the right context.
- DON’T jump into a confusing mortgage. Be sure to read carefully through every aspect of the proposed agreements to fully understand your end of the bargain. For instance, an attractive rate now may be difficult to carry if rates change during the term of your mortgage. Arm yourself with information and don’t be afraid to ask questions.
- DON’T underestimate the value of your local Coldwell Banker real estate professional. While being a savvy buyer and doing your homework will help on the road to homeownership, a local expert with years of negotiating experience is invaluable when it comes to scouting out the perfect home – and closing the deal.
For most Canadians, buying a home is the most significant investment of their lives. Housing inventory is moving up in most major centres across the country, leading to a more balanced market. Historical data demonstrates that purchasing a home has proven a sound long-term financial investment. However, homebuyers – especially first-time buyers — are often understandably anxious when it comes time to making what could be the largest purchase in their life. Coldwell Banker Real Estate LLC has come up with some simple “do” and “don’t” lists to make the process easier for everyone dreaming of homeownership. The Homebuyer ‘DO’ List:
- DO utilize free online tools to arm you with as much knowledge as possible. For example, the Home Price Comparison Index available at http://www.coldwellbanker.com offers buyers a way to compare average housing costs in over 400 markets across North America.
- DO access and closely review your credit score. A sound financial track record and solid credit score can help lock in a loan and lower interest rates. Check your records in advance to catch any errors ahead of time, and to better understand how lenders may perceive you.
- DO explore mortgage pre-approval. Getting this early green light will help others involved with your purchase that you are serious about home ownership – and well-qualified.
- DO line up your “all-star” team of professionals before game day. A team of experienced professionals will be key to making the home buying process simple and seamless. Start by interviewing and selecting a sales representative who you “connect” with. Your local Coldwell Banker® sales professional can help you identify suitable lawyers, mortgage lenders, home inspectors and others who play a role in the process.
- DO anticipate your future needs and buy for lifestyle. Try to anticipate how long you’ll live in your next home and plan for major lifestyle changes when possible. What may make a perfect starter home for a couple might not work as well when children come into the picture.
- DO hone in on your housing priorities. Your ideal home may have a porch, a pool and five full baths. But before you start looking, make sure to separate your “must-haves” from your “nice to haves,” so you know where you can compromise to meet your budget.
Whether you’re a home buyer or seller, one of the most exciting, yet stressful parts of the entire real estate process is negotiating an offer. Many of us have spent a fretful few hours, or even a sleepless night, while an endless series of questions filled our minds: Will the price be appealing? Will the offer be accepted? Can we come to terms about conditions? Will the deal go through?
While price is most certainly a major – if not the major – factor in whether or not an offer gets accepted, there are still a number of other considerations that all play a part in the decision-making process. This is particularly true in cases where multiple bids are being considered. Offers aren’t just about the price and how savvy a buyer is when putting one together can make all the difference.
Of course, having the right real estate professional to negotiate on your behalf is another major factor that could mean a difference of thousands of dollars in your pocket, or even whether the offer is accepted at all. Here are a few points that may help to improve your negotiating position:
- Choose a sales professional with a proven track record of success. You’ll benefit from the experience of a representative who has already negotiated the sale of similar homes in the same area.
- Be open, direct and completely frank with your sales representative . After all, they’re representing your best interests! To do it well, they’ll need to clearly understand your needs, your goals and your limitations.
- Make your offer as free of conditions as possible. There are many conditions that can be eliminated with a little advance planning. For example, if you pre-qualify for a mortgage, you won’t have to include a condition that allows you time to set up financing. Your Coldwell Banker professional can counsel you about the many options available to you.
- Keep the terms of your offer as close to the listing as possible. Remember, all things in an offer have value. The closing date or certain exclusions may have tremendous importance to the seller, but not to you. The closer your offer ‘mirrors’ the listing, the more appealing it will be.
The decision to purchase a mutual property certainly needs to be solid and supported by both sides, because buying a house is just as important as deciding to get married as it is done once and it’s made to last.
So, before bringing the final decision, here are some short tips to help newlyweds choose what is best for them:
Get ready on time
Realizing the seriousness of buying a home is one thing that needs to be done beforehand. The process might last 5-15 years, therefore, the best thing to do is realize what buying a home means, discuss your financial power and make sure you know what you look for in a particular house.
Realizing your financial power is also a key point in the home buying process. The safest choice is to get a pre-approval or a pre-qualification for a loan in order to learn how much you can spend an to try to find a home within your price range.
Find a safe neighbourhood
If you are thinking about buying a home just for now, you really need to make your time range longer and think about the future of your family, especially your future children’s safety. If you have chosen few houses, find out more about the crime rate and the safety in the neigbourhood. Choose what you think is best for the safety of your entire family.
Home inspection matters
Having a home inspected will provide newlyweds with information on the overall safety and living conditions of the house. Find a certified home inspector and find out whether the home you like to buy is worth the money.
In the end, don’t ever make hasty decisions. Buying a home can be fun and exciting but also tiring and difficult.
Before reaching the final decision, ensure that you have gone through all the details above and make sure that both partners are satisfied with the last word.