RSS

Expert Regina real estate tips whether you’re buying or selling

I believe that relationships are more important than transactions. I started a career in real estate in 2006 with REMAX Crown Real Estate In Regina, and since that time, I have built a Regina real estate business around that philosophy. My goal is a personalized one-on-one service to fully understand you and your real estate goals and to be 100% accountable to you. In my latest blog post, I provide some expert real estate tips that stand the test of time. 

Whether it’s buying, selling, or renting, a real estate transaction is a big undertaking. 

Since I started my career in real estate, the market has seen significant shifts. Over the last several years, many parts of the Country have seen a sellers’ market, complete with multiple and “bully” offers, and record-high prices. Of course, there was (and is) the pandemic, which did not have the expected cooling effect on the market. And now, in early 2023, we are seeing the repercussions of increasing inflation and a buyers’ market.

No matter what kind of market we are in, however, my essential tips remain the same.

1. Understand the market. You’ve seen it in the news. Canada's housing market is cooling. In Regina and Saskatchewan we didn't see the crazy market and price increases that impacted buyers in Toronto and Vancouver,  so now may be a more favorable time for buyers than sellers. However, it’s equally important to bear in mind that property values do fluctuate over time.

 

2. Assess your finances and priorities. Ask yourself these important questions: How much can you afford for a down payment and mortgage? How is your credit score? How much responsibility are you comfortable with? Do you care more about equity or having the freedom to move?

3. Set a clear budget. Make sure to account for the extra costs that come with buying a home — such as legal fees, land transfer tax, and utility costs.

4. Choose a Regina Real Estate Expert you can trust! 

Partner up with me, I’m a top Regina RE/MAX Agent, and an experienced Regina REALTOR® 

If you are looking for a Regina Realtor who works tirelessly on your behalf and always offers honest and candid advice, I will be an expert at your side. I am a Trusted Regina Realtor and a top REMAX Crown Real Estate Agent



Read

So You Want To Become A Landlord In Regina?

I believe that relationships are more important than transactions I started a career in real estate in 2006, and since that time I have built a Regina real estate business around that philosophy. My goal is a personalized one-on-one service to fully understand you, and your real estate goals and to be 100% accountable to you. In my latest blog post, I share advice for folks considering investing in revenue properties in Regina, with a view to becoming a landlord. 


Things you need to know before you become a landlord.

If you’re looking to become a landlord investing in Regina real estate is a solid way to generate passive income! However, before you invest in Regina revenue property, it’s wise to know if you’re getting a good deal.

Here are some tips to consider when buying an investment property in Regina. 

1. Buy the right Regina property that is sure to rent easily.

- Select Your Target Regina Neighbourhoods Carefully - remember this is not where YOU are going to live

Consider the following before you invest:

  • Is it a safe neighbourhood? ( Check out Regina Police Crime Map
  • What amenities are found locally
  • What is the rental vacancy rate in that neighbourhood?
  • How close are you to local shops, parks or recreational facilities? 
  • How far away are you from the bus stop or transportation hub?
  • If you are considering buying property suitable for a family are you close to schools? 

You may want to consider duplexes for the peace of mind they bring. With duplexes, you have two units, so if you go for a while without a tenant, it’s usually just one apartment, not both, so you still have some revenue coming in. As an experienced Regina realtor, I can provide a lot of support in your search! 

2. Treat your rental like a business

You can make good money being a landlord, through both monthly cash flow and appreciation on your property. But it’s not like buying a mutual fund. You need to be ready to handle the types of struggles you’d face with any business. You must have a budget for emergency fixes for example! 

Know your rights as a landlord in Regina! 
 

3. Be sure to properly screen potential tenants 


We’ve all read stories of nightmare tenants who generate endless noise complaints, damage property and even stop paying rent. To protect yourself, I recommend credit checks (available through agencies like Equifax and TransUnion) and asking for references from employers and past landlords. I  also recommend matching landlord references to the credit check, which shows past addresses, to ensure the applicant is being truthful. Once you’ve found great tenants, you’ll want to hold on to them for as long as possible.

4. Check your insurance coverage

If you’re renting an apartment within your home, your existing home insurance policy could be enough coverage. But if you’re renting a building that you don’t live in, you’ll need to look into additional insurance While it’s not legal to require your tenants to purchase insurance, it’s important they know that they’re not covered by your policy. It’s a good practice to recommend they take out their own tenant insurance policy so their personal property is covered. 

5. If you aren't handy or good at DIY - find folks you can trust that are! 

You can save even more time by making sure you’re set up for success from day one. Build a network of professionals — electricians, plumbers, handypeople This way you can handle most routine problems, like a leaky faucet, with a simple phone call.
 

Have questions about buying revenue properties?
Contact me today, I am here to help!  


  

If you are looking for a Regina Realtor who works tirelessly on your behalf and always offers honest and candid advice, I will be an expert at your side. I am a Trusted Regina Realtor and a REMAX Crown Real Estate Agent

 
Source article : https://www.maxrealestateexposure.com/how-sell-house-relative-dies/ 

Read

May 2022 Regina Real Estate Analysis

Greetings Friends,


I am pleased to be able to share my 2022 May Regina Real Estate Market Report! 


I believe in personalized one-on-one service to fully understand you, your real estate goals and to be 100% accountable to you. I also want to bring value before, during and after the sale of your home!  


If you are looking for a real estate agent who works tirelessly on your behalf and always offers honest and candid advice, please contact me today! 




How Does This Compare to National Data? 

 

May 2022 Monthly Housing Market Trends Report


Read
Categories:   5 Helpful Tips from James Wruth | 7 Helpful Tips To Help Sell Your Home in a Slow Market | Albert Park, Regina Real Estate | Arnhem Place, Regina Real Estate | August 2022 Monthly Housing Market Trends Report | Best Rated Regina Realtor | best real estate agent Regina, SK | Best Regina Real Estate Agent | Best Regina realtor | Best Regina realtor, | Broders Annex, Regina Real Estate | Can immigrant buy a home in Saskatchewan | Churchill Downs, Regina Real Estate | Curb appeal | December Regina Market Trends Real estate | Dieppe Place, Regina Real Estate | Douglas Place, Regina Real Estate | Emerald Park Real Estate | Expert Realtor Regina | Expert Regina real estate tips whether you’re buying or selling | Fairways West, Regina Real Estate | Garden Ridge, Regina Real Estate | Gardiner Park, Regina Real Estate | General Hospital, Regina Real Estate | Glencairn Village, Regina Real Estate | Glencairn, Regina Real Estate | Greens on Gardiner, Regina Real Estate | Harbour Landing, Regina Real Estate | Highland Park, Regina Real Estate | Hillsdale, Regina Real Estate | House Evaluation | Immigrant mortgage | Insider Real Estate Tips and Opportunities | James Wruth | July real estate report Regina | June 2023 real estate market trends Regina | Lakeridge Addition, Regina Real Estate | Lakeridge RG, Regina Real Estate | Lakeview RG, Regina Real Estate | Lakewood, Regina Real Estate | Maple Ridge, Regina Real Estate | March 2022 Regina real estate | market Report | Maximizing Every Space in Your Home for a Successful Sale | May 2023 regina real estate | McCarthy Park, Regina Real Estate | New to Canada and wondering if you’re eligible to buy a house in Regina | Normanview West, Regina Real Estate | Normanview, Regina Real Estate | Parkridge RG, Regina Real Estate | Parliament Place, Regina Real Estate | Pilot Butte Real Estate | PST Rebate for New Home Construction | RankMyAgent | Real Estate | Real estate agent regina | real estate expert regina | Real Estate Tips | Real Estate Trends Regina | Realtor Regina | Regina | Regina Real Estate | Regina Real Estate Agent | Regina Real Estate Forecast 2024 | Regina real estate market Report | Regina real estate trends | Regina realtor | Regina Realtors Remax | Regina SK Realtor | Regina, SK Real Estate Agent | Remax Crown Real Estate Agent | Remax Crown Real Estate Regina | Remax Realtor Regina | rent or buy | revenue properties in Regina | River Heights RG, Regina Real Estate | Rosemont, Regina Real Estate | Saskatchewan Government initiatives to tackle housing affordability in Saskatchewan | Secondary Suite Incentive Grant Program | Selling The Home Of A Deceased Family Member | Selling Your Home | Sherwood Estates, Regina Real Estate | South Qu'Appelle Rm No. 157 Real Estate | The Creeks, Regina Real Estate | The Towns, Regina Real Estate | tips | TOP 5 REASONS TO WORK WITH A real estate AGENT | Tr | Transition Area, Regina Real Estate | Trusted Regina | Trusted Regina re | Trusted Regina Realtor | Trusted Regina Talk To The Real Estate Experts Show - Part 1 | TrustedRegina.com | University Park, Regina Real Estate | Uplands, Regina Real Estate | Walsh Acres, Regina Real Estate | Want To Become A Landlord In Regina | Wascana View, Regina Real Estate | Washington Park, Regina Real Estate | Whitmore Park, Regina Real Estate | why hire a regina realtor | Windsor Park, Regina Real Estate
The Saskatchewan REALTORS® Association (SRA) IDX Reciprocity listings are displayed in accordance with SRA's MLS® Data Access Agreement and are copyright of the Saskatchewan REALTORS® Association (SRA).
The above information is from sources deemed reliable but should not be relied upon without independent verification. The information presented here is for general interest only, no guarantees apply.
Trademarks are owned and controlled by the Canadian Real Estate Association (CREA). Used under license.
MLS® System data of the Saskatchewan REALTORS® Association (SRA) displayed on this site is refreshed every 2 hours.