Are you thinking about buying a home? Part 2

First Time buyers, as well as repeat buyers, are often confused by two key terms- what it means to be pre-qualified or pre-approved for a mortgage.

These terms will almost always come up when you speak to a real estate agent be it at an open house or if you ask to see a property. This is a key question because it tells them how serious you are about buying. Getting pre-qualified is a very important initial step for a buyer to complete before you start looking seriously for a home. I would suggest that you do it even before you look online as you will know your price cap and you won’t be disappointed by looking at properties in a price range above what you can afford.

One mortgage lender I spoke to explained it this way. First get pre-qualified.  A pre-qualification is when you run the numbers on an unofficial basis. By numbers, I mean your monthly income vs your monthly debt repayment plus mortgage payment, plus heat, plus property taxes. In essence, a prequalification is to determine, how much you can afford. It does not take into consideration the whole financial picture or your credit history. It is a starting point only. It will give you an idea as to what you will need to save for a down payment. You will also find out what type of documentation you will need to gather together for when you go to the next step and seek a pre-approval. At this point there has been no credit check done etc. But, if you have a shaky credit history or if you are carrying a lot of debt, now is the time to discuss with the mortgage specialist how that might impact things when you seek a formal pre-approval from a lender.

Now, you know what it means when a real estate sales person asks you if you are pre-qualified and you will have a rough guideline as to what you can afford and what it will cost you.

Are you thinking about buying a home (Part One)

With the spring real estate market being just around the corner we are already starting to see an increase in the number of people wanting to take a look at homes that might be of interest to them. Before you do that though there are several steps to consider:

  1. Decide if you really want to move and if so to where. Seems a simple question, but it really isn’t. All sorts of factors come into play such as schools, family sporting activities, amenities offered in different communities, commuting time etc. As best as possible know which area that you want to start looking in and what are the key points that are important for you.
  2. Try and agree on what each person wants to find in that house. Everyone has priorities that are important to them. For example a two car garage might be nice, but is it a priority? A four bedroom might be essential to one member of the family, but not the other. Having a home on a large lot might be nice, but do you have the time to look after it? Have a good idea what you want so that your agent knows where to start looking. These are some of the first questions that you will be asked before you look at homes.
  3. Don’t get overwhelmed with what you find online. This goes back to point number 2. If you know what you want before you start looking it is less likely that you will be distracted by homes that really don’t meet your needs. The more focused you are the easier it will be for us to find you what you want.
  4. Another key first step is – Check out your financing. What can you afford? Mortgage specialists in the banks, independent mortgage brokers etc. can all help and you will know your price cap before you start looking either online or in person. This is a crucial step and it will prevent a lot of disappointment as you go forward because you will know your limits and what will work for you.

These four points apply to both experienced buyers and first time buyers. The Beardsley Team will be happy to assist you with any of those four points. On our web site you will find our exclusive, free buyer assist package. Click here: http://www.beardsleyteam.ca/buyer-assist.html

Bev and Keith Beardsley are sales representatives and “Seniors Real Estate Specialists” with Century 21 Action Power Team. They serve many of the rural and semi rural communities around Ottawa as well as Ottawa, Orleans, Barrhaven. Their main web site is www.beardsleyteam.ca

Bev and Keith can be reached or texted at 613-897-6839, direct 613-821-2384 or at BeardsleyTeam@outlook.com

Welcome to Greely

Continuing the series on some of the unique communities around Ottawa.

Greely is another unique rural community situated in the southern rural section of Ottawa. It is a sprawling bedroom community for Ottawa, but it does have some industries within its boundaries. Today it is one of the fastest growing towns in Ottawa showing a 59% growth in the number of homes in the community in the last eight years. The 2011 census puts the population at just over 9000, but with the rate of growth that figure is out of date.

There is a wide mix of housing that varies in price range from the $200,000s to well over one million dollars. There are excellent adult living communities, residential communities with quiet, wide streets and most lots are a half acre to 2 acres in size. With easy access to the city it has become a favourite destination for many homeowners. Commuters have a variety of options including Bank St, Albion Rd, River Rd or access to the west end via the 416. The airport is just a short drive away.

For those looking for shopping facilities, one of our favourite destinations is the Greely 24 hour Foodland Grocery store with an attached LCBO. Other nearby locations are in Findlay Creek or Riverside South and South Keys.

Greely has three elementary schools and a very active community association. The association helps to organize a winter carnival, provides input into City of Ottawa planning proposals, recreational activities and much more. Greely offers homebuyers a modern well run community that still reflects its rural lifestyle and origins.

For a update on Greely’s 2015 real estate market click here: https://youtu.be/-SnMQKZP3Mk

Our main web page has lots of real estate information including video market updates for several areas of the city. Click here www.beardsleyteam.ca

We would love to discuss Greely and the real estate market with you. Give us a call or text at 613-897-6839 or call 613-821-2384. We can also be reached at beardsleyteam@outlook.com.

Welcome to Osgoode

This is another in the short series we are doing on some of the rural communities surrounding Ottawa. Great places to live and check out.

OSGOODE

This town of approximately 2500 (2011 census) is ideally located and has easy access to Greely, Metcalfe, Manotick and Kemptville. Essentially it is another bedroom community for Ottawa as well it serving the local rural area. There are several different access points if you commute into the city including River Rd (with access via Roger Steven’s to the 416), Stagecoach Rd and Manotick Station Rd.

This a very friendly community and an active one with a community centre, recreation complex and several parks that include Hockey, T-ball, Basketball, softball. At the end of the town’s main road where it meets River Rd there is W.A. Taylor Park. This park has a  boat launch to the Rideau River and a delightful picnic area. The town has a post office, a local convenience store plus a large Foodland grocery store. The Red Dot café, a well-known restaurant and one of our favourite places to dine, is located in the same complex as Foodland. Major shopping complexes are located just a short drive away in Kemptville or Barrhaven. We have always enjoyed the drive from Osgoode along the Rideau River to Kemptville. It is a very scenic and relaxing route to drive.

There is a real mix of housing from roughly the early 1900’a right up to modern newly built homes. There are older stone and brick homes, lots of bungalows and two story homes as well. In general, prices range from the mid $250,000s up into the $700,000s. There are lots of tree lined, family friendly streets with homes sitting on nice large lots. In other words, there is something for everyone’s tastes and budget.

A quick video tour is here: https://youtu.be/dZuTLnyP92I

A quick look at Osgoode’s 2015 real estate market can be found here:https://youtu.be/5VK0Zrhjqbg

Ask for the Beardsley Team, we are your local agents serving Russell, Metcalfe and Osgoode and the surrounding area and communities.

Visit our web site www.beardsleyteam.ca for all your real estate needs or give us a call at 613-897-6839.

Welcome to Metcalfe

Metcalfe is another small town that serves as a bedroom community for Ottawa and service area for the rural population. Statistics Canada puts its population at about 1800, but that is just for the town itself, there are also some small subdivisions around the outskirts that will increase that number.

Located between Greely and Russell it has easy access by the 417 to downtown Ottawa. One thing that is always deceptive when people look at a map is this ease of access to various areas such as Ottawa, Kemptville, and Orleans etc. Almost all of the driving is on highways. Think of it, the first traffic light is at DND downtown. From our residential office in Metcalfe it takes us 20 minutes to the 417/174 split, 10 minutes to Russell, 30 to Kemptville, 20 to Riverside South, Barrhaven or South Keys and about 30 to Orleans.

It is a very active community with 2 golf courses, a big recreation program, 2 public schools, a Christian school and a regional high school. There is baseball, hockey, curling, soccer fields etc. The recreation centre is named after Larry Robinson of the Montreal Canadiens who played here.

With a bank, post office and convenience store/LCBO it has most of what you need right in town. For those looking for a major grocery store they are just a short drive away in Russell, Greely, Osgoode, Findlay Creek, Embrun or Kemptville. Metcalfe has a good mix of housing starting from the upper $200,000s and going up into the $700,000 range when the outer areas are added in. The town is a good choice for first time buyers or those looking for a country life style, but wanting city comforts.

It has been the home of the Metcalfe Fair since 1856 and hosts the Metcalfe Farmers Market on Saturdays between May and October. The market is one of our favourite places to visit Saturday mornings. Many of the vendors can be found on our “Buy Local” page of our Beardsley Team web site.

A Metcalfe real estate market update can be found here: https://youtu.be/gMY-ukhTBac

Visit our web site at www.beardsleyteam.ca or give us a call at 613-821-2384 we would be happy to talk real estate with you.

How did the Barrhaven real estate market do last year?

Barrhaven has become a popular destination for buyers. In fact its total homes sales’ (excluding condos) is very close to that of Orleans. There are lots of services for families of all ages, excellent shopping facilities and a manageable commute to downtown Ottawa by car or public transportation. Add in the relocation of some government complexes to nearby Nepean and a great mix of housing and you can see why it is a growing area. What was the home market like in Barrhaven last year? Do you know how many townhomes sold?

Find out here: https://youtu.be/dNa1QamKZ2M

Visit: www.beardsleyteam.ca for more videos and real estate information

Bev and Keith Beardsley

Sales Representatives

The Beardsley Team

Tel: 613-897-6839

 

#Beardsley_Team-Kemptville, #Beardsley_Team-Barrhaven, #Beardsley_Team-Alta_Vista, #Beardsley_Team-South_Keys, #Beardsley_Team-Greenboro, #Beardsley_Team-Hunt_Club, #Beardsley_Team-Riverside_Park, #Beardsley_Team-Elmvale_Acres, #Beardsley_Team-Brookfield_Relocation, #Beardsley_Team_Seniors_Specialists

 

 

How is the Orleans (Ottawa) market doing? (Part one)

Orleans is a popular destination for first time buyers and over the years Orleans has had one of the better markets in Ottawa. Lots of services for families of all ages, excellent shopping facilities and a commute time to the downtown core that is quite manageable whether by car or public transportation. What was the market out there like in Orleans in 2015 and could home prices be attractive to first time buyers?

Orleans covers a very large area and for the purpose of this blog we will look at what I call the eastern half. IE imagine a line that roughly goes from Mer Bleu Road up to Champlain near Place D’Orleans. This section is in MLS code 11. Another blog will look at the other section of Orleans found in MLS code 20.

Communities in MLS 11 that you might recognize include Avalon, Bilberry Ck, Fallingbrook, Gardenway South, Notting Gate etc

A market update for this area can be found here: https://www.youtube.com/watch?v=ZttoL425MAg&feature=autoshare

Information on various markets in the city can also be found here: http://www.beardsleyteam.ca/videos.html

Thank you for taking the time to visit our page

Bev and Keith Beardsley

Sales Representatives

www.beardsleyteam.ca

#Beardsley_Team-Russell, #Beardsley_Team-Metcalfe, #Beardsley_Team-Osgoode, #Beardsley_Team-Greely, #Beardsley_Team-Riverside_South, #Beardsley_Team-Winchester, #Beardsley_Team-Orleans #Beardsley_Team-Kemptville #Beardsley_Team-Barrhaven

Welcome to Russell, Ontario

Located just outside Ottawa off of the 417 highway, it is a rural community where you can enjoy all the comforts of city living. . An easy commute into Ottawa (about 20 minutes to the 417/174 split) it is a popular bedroom community for those who work in downtown Ottawa. A municipal bus service is available to take you into work in the city.

This is a great community to raise a family in. With a population of about 7,000 Russell offers a good mix of affordable housing with various subdivisions dating from the 1980’s right up to new homes today. Russell offers first time homebuyers the opportunity to buy their own home for much less than in the city, plus you get a quiet, safe community with large lots and room between you and your neighbours.

The town offers all the conveniences of the city with a grocery store, hardware store, doctors, post office and bank. Russell has a large retirement centre located close to the centre of town and Winchester Hospital is just a short drive away. There are several schools, plus a recreation complex and a 7.2km fitness trail for cycling or walking etc.

Take a drive out to see what Russell offers you and your family; we think that you will be pleased with what you find. If you would like a FREE list of homes that are for sale in Russell so that you can see what is available, give us a call at 613-897-6839 or email us at beardsleyteam@outlook.com. Here is a short video looking at the Russell real estate market https://www.youtube.com/watch?v=RuMyg4hLJ14

Ask for the Beardsley Team, we are your local agents serving Russell, Metcalfe and Osgoode and the surrounding area and communities. Our main web site is www.beardsleyteam.ca.

How is the Rural South market doing?

Here is a brief market update for some of the rural communities just outside of Ottawa. It is not intended to be all inclusive, but it does give you an idea as to market activity. If you want more information, give us a quick call at 613-897-6839 and we can give you up to the minute details about the exact area that you live in including numbers on the market today and recent sales.

As a general summary for the past year, certainly based on our team’s experience, we didn’t see the drop that many agents experienced and when you average out the board’s stats for the year they are quite reasonable.

It is worth noting that the listing inventory trended higher all year, showing signs of tapering off in October. This is very important if you are thinking about selling this year. You don’t want to wait until the market is flooded with competitors. Once there are too many homes for sale we are in a buyer’s market and they have lots of homes to choose from and prices generally drop as sellers compete for those few buyers. Now is a good time to list as inventory is low and you will have fewer competitors.

Below are some sample areas and the number of home sold in 2015 compared to 2014 and the per cent increase or decrease in sales in 2015 to 2014: If you don’t see your area, call us at 613-897-6839 or email us at beardslyteam@outlook.com.

Metcalfe: 42 sales (2015)/18 sales (2014) +133.3%             Russell: 90 sales/71 sales +26.8%

Osgoode 47 sales/51 sales -7.8%                                             Winchester: 38 sales/31 sales +22.6%

Greely: 125 sales/116 sales +7.8%                                         Kemptville (Town only) 63 sales/67 -6%

Chesterville 18 sales/20 sales -10%                                       Kptville(district) 151 sales/128 sales +14.2%

We are looking forward to answering any questions that you might have. Please visit our web site at www.beardsleyteam.ca where you will find a lot of additional information on our team as well as up-to-date client testimonials. If you have friends, neighbors or relatives who are thinking about buying or selling this year, please give our names to them. We promise that we will give them the same high quality professional service.

For information: www.beardsleyteam.ca