An Expert Guide: Top 10 Considerations When Preparing Your Home for Sale
Silver Hill Mortgage Corp.
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3w ago
Selling your home in BC is a significant undertaking that involves careful planning and meticulous preparation. The way you present your home to potential buyers can greatly influence their decision-making process. To ensure a successful sale of your home in BC and maximize your property's appeal, it's crucial to address various aspects of your property. In this comprehensive guide, we'll explore the top 10 things to consider when readying your home to be listed for sale in British Columbia, Canada. 1. Curb Appeal: First impressions matter, and the exterior of your home sets the stage f ..read more
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​The Foreclosure and Power of Sale Process in British Columbia
Silver Hill Mortgage Corp.
by
3M ago
In the dynamic realm of real estate in Canada, the foreclosure and power of sale processes play a crucial role in ensuring the orderly resolution of financial disputes and the protection of both lenders and borrowers. In British Columbia, Canada, these processes are well-defined, providing a legal framework that governs the transfer of property ownership when a borrower defaults on mortgage payments. What is Foreclosure? Foreclosure is a legal process through which a lender seeks to recover the outstanding balance on a mortgage loan by repossessing the property when the borrower fails to mak ..read more
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Buying an Investment Rental Property in BC: Know Your Costs
Silver Hill Mortgage Corp.
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1y ago
Key Considerations for Buying Rental Investment Property The dream of owning a rental investment property in BC, with monthly cashflow and potential increases in value year after year, is the desire for everyone I know. The idea of sitting back and enjoying the benefits of an investment in real estate may certainly offer peace of mind to you and your loved ones. However, the realities of property ownership in BC can also have enormous challenges that one should be aware of. There are many costs and expenses associated with owning a rental property which may deter investors from engaging. With ..read more
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Advantages & Disadvantages of Purchasing Raw Land in BC
Silver Hill Mortgage Corp.
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1y ago
If you are thinking about purchasing raw land in British Columbia, Canada for the purpose of building a house, recreational property or for investment, there are many factors and costs to consider. The cost of servicing the land for construction and to build out may be quite significant. Furthermore, if you are holding the land as investment, one should be aware that this is a risky and speculative type of business venture. Those who do purchase raw land and make money from it tend to be sophisticated real estate experts, who understand the mechanics and potential industry circumstances. The ..read more
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Reasons to Consider a Property Appraisal
Silver Hill Mortgage Corp.
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2y ago
Appraising a property has so many benefits, since no two pieces of real estate are identical. If you intend to buy or invest in real estate in Vancouver, Surrey, Kelowna, Victoria, or elsewhere in BC, finding the right appraiser to support in the process is important to keep in mind. Professional appraisal companies prepare the reports and offer an opinion of the estimated value based on several market and subject property details. An appraisal report is highly dependent on the expertise and objectivity of the property appraiser, and the assumptions they make. Benefits of a Home Appraisal ..read more
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5 Factors That Affect Real Estate Prices
Silver Hill Mortgage Corp.
by
2y ago
Are you looking to purchase a home? Exploring your real estate options in Vancouver, Surrey, Kelowna, or elsewhere in BC? Whether you are looking into buying a summer home in the Okanagan, or purchasing an investment property in the Lower Mainland, it’s best to do your research and understanding the 5 main areas that affect real estate prices. Let’s take a look!   Location: Location, location, location.  This is one of the most significant factors which influence the price of real estate in BC. You could be looking at purchasing a property in a certain neighbourhood of Vancouver or ..read more
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Buying a House in the Winter
Silver Hill Mortgage Corp.
by
2y ago
As the weather gets colder as we move into the winter season, home buying and open houses tend to slow down a bit as families opt to stay indoors. Although some turn to waiting until warm weather comes around to buy a home, others may choose to continue their efforts and buy in the winter due to take advantage of less competition, lower prices, and quicker closing times. Whether you are looking to buy your first or second property in Vancouver or elsewhere in British Columbia, let’s take a look at some positives of buying property in the winter. Less Competition, Lower Prices With more rain ..read more
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Shopping for a Mortgage? Know Your Options
Silver Hill Mortgage Corp.
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2y ago
If you are currently looking for mortgage financing and live in Vancouver or elsewhere in British Columbia, you will learn very quickly that are so many lenders and sources of mortgage funds out there. There are numerous mortgage options for any and all types of mortgage requests, whether you live in the Metro Vancouver area, on Vancouver Island, or in the Okanagan. Funds for mortgages are available from the major banks to individual private lenders. The competition for mortgage business is great, especially in today’s market, allowing customers to benefit from the many options and competitio ..read more
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4 Myths About Second Mortgages, Debunked
Silver Hill Mortgage Corp.
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2y ago
Struggling to keep up with bills and financing your lifestyle? Then you’ll want to know more about second mortgages. A good place to start is to learn about the myths about getting a second mortgage. Like most financial options, there are some myths surrounding second mortgages that often arise when homeowners explore this option. We have debunked those myths for your convenience - let’s take a look! 1. Second Mortgages Are Only For People That Are Out of Options The first myth to debunk is the notion that second mortgages are only for people that are out of options. This is a pure myth ..read more
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Everything You Need To Know About Second Mortgages
Silver Hill Mortgage Corp.
by
3y ago
Having a hard time paying the bills? You’re not alone - the COVID-19 pandemic has put millions of people out of work unexpectedly, and has created financial hardships that many can resonate with. With changes in restrictions happening every so often, the uncertainty surrounding business operations and job security is nothing new. You worked hard to get where you are today and become a homeowner, whether that be in Vancouver or elsewhere in the Lower Mainland. With the ongoing pandemic thrown in and bills piling up, it may sometimes seem like a daunting task of staying afloat and keeping thing ..read more
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