newfoundland real estate: REAL ESTATE 101 - To Buy or Rent? - 12/01/10 08:42 AM

You've heard it a million times from friends, family, relatives, colleagues and even people you don't know: "When you rent you're throwing your money away!" Very true.  And the longer you rent, the higher the rent rate becomes and you'll throw more and more of your hard-earned dollars away.
Here's an example.  If you're paying $700 a month for rent and you do so for the next 10 years you will have spent $84,000 and have absolutely nothing to show for it.  And if you paid that much for 25 years - a common mortgage period  - you'll have shelled … (3 comments)

newfoundland real estate: REAL ESTATE 101 - The Listing Agreement - 11/16/10 08:22 AM
After you've made up your mind to sell your home, the next thing to do is to contact a Realtor to draw up a Listing Agreement which is a contract between you, your Realtor and the real estate office he or she represents.  It must clearly outline the rights and obligations of all parties and define clearly what is and is not included in the transaction to ensure there are no misunderstandings.
Once signed by both parties, it becomes a legal agreement that binds both parties to all its terms and conditions.  Therefore it is exceptionally important you understand and agree … (0 comments)

newfoundland real estate: REAL ESTATE 101 - The Multiple Listing Service (MLS) - 11/10/10 08:04 AM
A Multiple Listing Service, or MLS, is a system by which real estate salespeople share information with other salespersons by means of a centralized computer database to help market a property.

Before the computer era, MLS providers kept their information on properties for sale on paper, and often printed a book or catalogue to distribute to Realtors.  As these came out every other week, the information contained was often outdated by the time it was printed.  Today we rely on computers for more up to date information.
Approximately 500 Realtors belong to the MLS system in Newfoundland and Labrador.  Whenever … (0 comments)

newfoundland real estate: REAL ESTATE 101 - Home Inspections - 11/03/10 02:56 PM
Not so many years ago, the thought of an inspection on a home you were buying was basically never considered.  When you viewed a property, you looked at the roof, open and closed the windows, flushed the toilet, checked the basement for signs of water, and did a number of other things.  Then, relying on these impressions, you made an offer.
Times have changed.  Today, perhaps 85 percent of all home buyers rely on a professional inspector to evaluate their homes (it was less then 10 percent 20 years ago!)  Such inspections help ensure many, if not all, of the problems … (1 comments)

newfoundland real estate: REAL ESTATE 101: Fall Home Repairs - 10/06/10 03:14 PM
It's that time of year again and as we all know the rain and the shoveling snow are soon to come.  What to do and actually doing it today before the wet weather comes and water penetrates your home can save you thousands of dollars of repair work tomorrow.
Here goes:
Roof - Perhaps the most vulnerable part of your home as it's the part most prone to the weather and hence it's the area to be looked at first.  Take a nice day, go up on the roof or (if you're afraid of heights) use binoculars to check for … (0 comments)

 
Bill Dilny (RE/MAX Realty Specialists)

Bill Dilny

St Johns, NL

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RE/MAX Realty Specialists

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