Royal Property Realty

  If you're buying a house, home evaluations can help you figure out whether you're getting a decent deal or not. If you're selling, home valuations can help you figure out whether or not it's worth it to sell your house, as well as what amount to ask. What is Home Value, and why does it matter?  To know the value of your house and to evaluate your affordability for a house is decided by the price of a house. Home Evaluation can be done right here from your home, and thus you need not go out to look for it. There are a few apps that allow you to estimate your home’s value.  The house value is not just finding the value rather it deals with the insurance premiums, property tax, etc. also coming along.  5 ways to determine home value are listed below. Use online tools to evaluate homes: If you are looking for houses to buy and sell, it becomes essential to know their values too. You can simply search “how much is this house worth” and you get dozens of estimators to ...

Buying a second home in Canada? When you have decided on buying a second house in Canada, you must consider if you can afford the new house or if you have made a 20 percent down payment of that house or if you own a mortgage on your present home or not? You have all the answers with yourself, and your lender might ask you about all this. Can you afford another house? If you are looking forward to renting your present house, you are likely to check the debt ratio. This will let you know if you can meet the current and future debts or not. Renting out the first accommodations in Canada There is no harm in renting out your first house in Canada, as the lenders will approach to include a small amount of your rental income in the mortgage of your existing house. There will be a strict lending stress test that will enable the lenders to know if you can really afford a new house if, in the future, the rates of interest increase. The lenders might also wish to know if you will be able to pay t...

  Moving out of the traditional norms of real estate, many Ontario realtors have started to consider the real estate business more of as an earning source. Investing in real estate does bring a great return on investment, and also is a great sector if an individual is looking to park his capital.  Here are a few interesting facts to give you an overview of the real estate business in Ontario: The average price of resale residential homes sold across the province in December 2021 was a record $922,735, a sizable gain of 22.8% from December 2020.  Canadian business owners have bought about 551,000 – residential sales overall Canadian MLS® Systems in 2020—a new annual record.  The numbers are fascinating, aren’t they? Moving forward, here are a few trending real-estate business opportunities for Ontario for your next investment- Principal Residence Property Investment Buying a principal residence property in Canada is one of the foremost steps for investing in real est...