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Going to Extremes

Appraisal Buzz

Does the cost of homeowners insurance affect the price of a home? In some markets, the answer is increasingly yes. In recent years, insurance companies have pulled out of some markets altogether after sustaining massive losses due to wildfires, flooding, and other climate-related disasters.

HOA 370
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ALTA: Protecting property rights with title insurance

Housing Wire

For title insurance, a homebuyer only needs to pay a one-time fee at closing, which is typically issued in the amount of the real estate purchase price. For a home valued at $250,000, the cost of an owner’s title insurance policy would be just 11 cents a day on a 30-year mortgage.

Insurance 464
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First-Time Homebuyers Incentive Changes: What You Need to Know

D Fritz Appraisals

As of May 3rd, 2021, new updates to the Canada Mortgage and Housing Corporation (CMHC)’s First-Time Homebuyers Incentive have come into effect. Victoria is now one of the few cities that has been given enhanced eligibility criteria to help you qualify for a lower monthly mortgage payment. First-time homebuyers, we have great news!

Insurance 141
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Selling Your Home Due to a Divorce

Eppraisal

It is wise to think about what the most effective business decision will be in regard to your marital home. Currently, home values are still high, and the real estate market is still good. It is an opportune time to sell your home so you can both enjoy the proceeds from the increase in value.