If you're looking to buy a property in Winnipeg or you've made the decision to sell your current one, the Jennifer Queen Team is always ready to assist you. It is important to work with experts who know the market inside out. They will guide you through the selling and buying process. They are honest about the services they offer, so you can rely on them and receive the necessary support. Contact the team, and they'll assist you in every step of the process.
If you're interested in First Time Home Buyers Manitoba you should never hesitate to call the Jennifer Queen Team to get more information. The brand new First Time Home Buyer's Incentive (FTHBI) was in the market in September of this year. This is an excellent program designed to make the process easy for those who are young. It will help those who are eligible Canadians to purchase their first home by reducing monthly mortgage payment. The federal government has agreed to provide a $1.25 billion CMHC First-Time Homebuyer incentive over three years. The incentive will pay 5percent of the cost of an existing house in excess of $5000 and 10% of cost of a new house. Although it may sound like the federal government is offering an interest-free loan, remember that they also guarantee the equity of your home through losses and gains. The amount you pay by the federal government can fluctuate depending on how much your home appreciates as well as decreases its value.
In order to be eligible for the brand new First Time homeowner program Manitoba you must consider these factors:
- Applicants must make an initial down payment of at the minimum of 5%, and not more than 20 percent. (CMHC insurance requirements apply).
- Household income has to not exceed $120,000.
- The mortgage must not be more than the amount of four times the amount of the homebuyer's household income.
Additionally, you must be attentive to these points:
- The applicants must not have lived in an apartment in the past four years. However, exceptions can be granted to those who are in the “breakdown of union or common-law partnership.”
- The loan should also be repaid in two conditions:
- If you decide to sell your home
If you're not purchasing but selling your home, there is a wealth of information by visiting the website of the Jennifer Queen Team. Most people today find their homes online, and only 8% of them are an amalgamation of print ads and for sale signs word-of-mouth, or any other. That means that you must make sure you are managing your advertising budget carefully. A majority of people use to use the MLS (Realtor.ca) platform, but you won't have access to it if you're selling your property privately. If you're using brokerage houses to market your home while you manage other aspects, like FairSquare Winnipeg (formerly Purple Bricks Winnipeg and before this, ComFree Winnipeg), you'll be able to connect to this MLS system. Make sure you're not selling your home privately. If you do decide to show your property privately offered as well as ComFree and purple Bricks Winnipeg listings ensure that the entire family isn't in the home. This is to avoid making buyers feel uncomfortable when they visit the property. Contact The Jennifer Queen Team and learn more about the process!
