CHOOSING THE RIGHT REALTOR and MORTGAGE BROKER HAMILTON

Jaena Alano is a trained professional RE/MAX Realtor who knows all the aspects of the real estate market in Hamilton and the rest of the Ontario Province. Filipino Real Estate Agent from RE/MAX and as a Filipino Mortgage Broker in Hamilton will save you money and time for purchasing and selling your home. You want to list your property with the help of RE/MAX Real Estate Agent, who is the expert in choosing a prominent location in the neighborhood, and Jaena Alano can help you with that. There are only a few real estate agents who are knowledgeable about the community, call her, and see the difference. You will feel comfortable with her while working together.

Which one is the right choice, go with the non-exclusive or exclusive listing arrangement?

If you enter this kind of arrangement with RE/MAX Filipino Real State Agent in Hamilton, you are authorizing her the exclusive right to find a purchaser for your house. With this kind of agreement, no other real estate agent will bring potential buyers to your home. This kind of arrangement in a Seller’ Market during a time, there are more people interested in purchasing a home than there are houses available.

Know the Conditions of the Market

The Real Estate Market is in constant change in a particular area as well. Understanding what is going on in the overall local real estate markets will help you know how these conditions can affect the value of your home.

When you meet the RE/MAX Filipino Real Estate Agent, ask her about the current conditions of the market.

Buyer’s Market: The supply of houses/homes on the market exceeds demand.

Characteristics:

Comparing home inventory to availability. Homes usually stay on the market longer. Prices are stable or maybe falling.

Implications:

Prices may be higher or perhaps rising. You should decide faster when buying because conditional offers may reject you.

Seller’s Market: The number of potential buyers exceeds the supply of houses on the market.

Balanced Market:

The number of houses on the market is approximately equal to the demand.

Characteristics: Supply equals demand. Sellers will accept the right offers. Homes Sell within a reasonable period, and prices remain stable.

Implications: There is less tension among sellers and buyers. There are a reasonable number of houses in the market, and you will need only the professional Real Estate Agent and Mortgage Broker in Hamilton who could help you when looking for a great neighborhood within the area.

RETURN ON INVESTMENT

Home Purchase

PURCHASE PRICE: $400,000.00

If you buy a house, minimum down payment is $20,000 (5% of purchase price)+ (1.5% of closing cost) is $26,000

5%*$400,000.00=$20,000.00

1.5%*$400,000.00=$26,000.00

Total expenses for Principal plus interest payment at 2.9% interest plus tax in a year is $26,500

In one year, principal payment is $11,500 plus real estate appreciation every year at 5% (420000 x 5%=$21,000) plus $11,500=$32,500. Therefore, $32,500 – $26,000 investment= $6,000 for the first year

$32,500/year ROI on a second year of home purchase. You have more than 100% Return On Investment (ROI) every year for 5 years term!