FIRST TIME BUYERS !! How a Realtor Can Help !

How a Real Estate Agent Can Help You?
 (First Time Home Buyers)

If you’re in the market to buy your first home, you may be wondering if you need your own real estate agent, or perhaps you’re curious as to how an agent can help you. You are about to embark on a very important decision for your future, a great investment of both time and money.

Buying a home for the first time can be overwhelming. Don’t go it alone. Work with a professional Real Estate Agent! Remember, the seller will most likely have an agent. You should have your own agent, i.e., a buyer’s agent to protect you and represent your best interest. You’ll soon discover that there are so many ways an agent can assist you. For now, I would like to bring your attention to the following:

10 Ways a Real Estate Agent Can Help You!

A real estate professional can…

01 – Help establish a plan for a home that fits your needs
02 – Help you find a good mortgage consultant to have you pre-approved
03 – Guide you through the entire process, serve as a buffer and take care of a lot of the behind-the-scenes  tasks
04 – Help you research neighborhoods and houses
05 – Find the right home for you
06 – Help you gauge market values and best determine a range where your offer should be
07 – Help you write up offer (and counter offers) and negotiate the best terms and price for you
08 – Provide you with a list of key professionals (e.g., real estate attorneys, home inspectors, pest inspectors, etc.) that you’ll need in a real estate transaction
09 – Help you feel comfortable with the closing process and go with you to closing
10 – Follow up with you after the sale

Remember, these are just some ways that a qualified real estate agent can help you in your journey towards buying your first home. For more information or assistance with your first home purchase, please contact me. I have a wealth of knowledge, as well as hands-on experience educating and helping first time buyers like you. I’d be happy to answer your questions, as well as assist you with purchasing your first home in my service area, or refer you to qualified professionals from a nationwide network of agents.

Third Consecutive Interest Rate Hike

Predictions Ring True! Third Consecutive Interest Rate Hike.

With the increase to 1 percent for the overnight rate, the Bank Rate is correspondingly 1.25 percent, and the deposit rate is .75 percent.

Financial conditions in Canada have tightened modestly since April, with the changing monetary policy measures, but overall still remains highly stimulative from a global perspective. This increase is consistent with the previously stated objective of achieving a 2 percent inflation target by next year. The global economy and Canadian economic indicators are what drove today’s decision to increase the rate. Canada’s economic recovery is expected to be more gradual that the July Monetary Policy Report had suggested, although the dynamics of inflation have remained fairly consistent.

The Bank of Canada’s second quarter projections were slightly more optimistic than how economic activity panned out, however consumption and investment has evolved in line with targeted expectations. Accomodative credit conditions due primarily to sharp declines in global bond yields in recent weeks support the expectation that consumption growth will remain solid and business investment in Canada will rise strongly.

The global recovery is still uneven, but is moving forward. Economically speaking, the recovery is showing stronger activity in emerging markets compared to some advanced markets. Latest indicators suggest a more subtle recovery in the short term for the U.S. as high unemployment rates hold back the recovery in private demand.

Any further reduction in monetary policy stimulus will need to be weighed carefully after three consecutive rate increases, considering the forward-looking uncertainty which is so rare to our national and global economic forecasting.