Buying land or an interest in land in Ontario requires you pay land transfer tax. First-time homebuyers may be eligible for a refund of all or part of this tax. To be eligible for the First-time Buyer Tax Credit you need to be 1) 18 years of age, 2) Cannot have owned a home or interest in a home anywhere in the world (this applies to your spouse as well). Essentially, if you qualify, no land transfer tax would be paid on the first $368,000 of a home purchase to a maximum refund of $4,000). You can find out additional information at: http://www.fin.gov.on.ca/en/bulletins/ltt/1_2008.html
Whether this is your first home or you’re an experienced buyer this infographic points to 10 Red Flags to watch for when considering a purchase.
According to the National Association of Realtors® (NAR) over 90% of home buyers use a Realtor® to find and purchase a home. On average, homes listed by a professional real estate sales person sell 19 days faster than those listed by owners and realize a 17% higher sale price. Here are 10 Great Reasons for using a realtor to buy or sell your home:
What is Peterborough Renovates Program (PFP)?
The Peterborough Renovates Program (PRP) is a home repair program. It helps low to moderate income homeowners afford home necessary repairs and upgrades. This can include energy and accessibility work.
One of the most often asked questions I receive is “What should we be doing to get our home ready to sell?”. It’s no secret that a bit of TLC can make the home sales process move faster and generate a greater value for sellers. If you’re thinking about listing your home for sale here are the Top 10 Ways to get your home ready to sell: