Happy Easter! When to Consider Buying a “Diamond in the Rough,” Will Rates Hold Steady This Week? Housing & Immigration At Odds

 

Outrageously Good Spinach Artichoke Dip When to Consider Buying a “Diamond in the Rough”

Let’s face it. When you visit a home during a scheduled viewing or open house, you’re usually seeing it at its best. The rooms are tidy. The sinks are clean. The closets are organized and uncluttered. Even the lighting is set to its brightest.   That’s just good old-fashioned marketing. However, not every house you see will actually look this way. For any number of reasons, a house on the market may be less than tidy, poorly decorated, and even in need of minor repairs. You may open the front door in anticipation, only to be immediately turned off by stains on the carpets, faded paint on the walls, cluttered hallways, and more. First impressions form quickly. It’s easy to make quick judgments and move on. But, you may be passing on what could be a dream home. Don’t make that mistake. Make your purchase decision based on a carefully considered second impression, not just your first. When viewing a house, imagine how it will look with a fresh coat of paint, some redecorating, the minor repairs completed, and your furniture adorning the rooms. You might just find that a home that doesn’t show well is really a diamond in the rough. (One caveat: Be careful of houses that don’t look like they’ve been well maintained. There could be issues lurking that may require expensive repairs or renovations. Always make a professional home inspection a condition of your offer.) There are advantages to buying a home that doesn’t show well. They attract less interest and, therefore, less competition from other potential buyers.

March jobs data “must be worrying” to the Bank of Canada (Canadian Mortgage Trends)  Non-mortgage debt and delinquencies on the rise: Equifax (Canadian Mortgage Trends)  Will the Bank of Canada hold rates? Here's what to expect this week (BNN Bloomberg)  Canada's home prices could complicate private mortgage renewals: broker (CityNews)  Economic data keeps surprising, but recession forecast hasn't gone away (CBC Business News)  Majority of economists expect Bank of Canada to keep key interest rate steady through 2023 (Globe and Mail)  Canada’s housing and immigration policies are at odds (Globe and Mail)      Notable, Quotable, Quotes! “Perseverance is not a long race; it is many short races, one after another.” Walter Elliott Feel free to call or email whenever you have questions about current selling prices, mortgages, market conditions, moving – or anything real estate-related. Best regards, Diana Winger Personal Real Estate Corporation | eXp Realty | CNE, SRS, SRES, ABR Mortgage Agent Level 1 ONT. Valko Financial Ltd. #13047 | Dominion Lending Centres  ON YOUR TEAM! HomeVictoria.com  Housesforsale369.com Searchbestmortgages.com 250-588-8839 | 226-705-3369 Share Tweet Forward