We hope everyone had a bountiful Thanksgiving last month and had much to thankful for. That's us in Bobcaygeon in the picture - we had Thanksgiving on our boat. Send us any of your pics - we would love to see what you're up to as well.
With all the gloom & doom on the news of late, it makes us forget sometimes, there is still lots to be thankful for. However there often is a silver lining in many of those dark clouds. The stock market seems to be rebounding and the financial crisis should be offset by large government assistance. The real estate market has definitely adjusted but it is a great time to buy for both the first time buyer and investor, when prices are more competitive and interest rates are very attractive. But it is also an excellent time for the move up buyer, because even though you may not get the price you thought you could get on the sale, you would make it up on the purchase. The numbers have changed, but your equity remains constant. And you probably can buy a bigger home for a lot less.
Even though the retiree may be taking a hit, as the larger house values have come down, we would advise buying an investment or rental property to keep for a few years, to gain back their 'lost' investment. Real Estate is still a good investment in the Durham Region, in this uncertain time. Staying in the market for the long term, is your best hedge against loosing your investment dollars, as opposed to a more volatile stock market. It may also be a good time to consider that vacation or cottage property as they seem to be underoing a major adjustment. What goes down will come back up again. It's called Smart Investing, but it just needs a wise and patient investor.
And now more than ever, if you know of anyone who might be considering real estate as a good investment, they need the experience & expertise of someone who has been there before. In our twenty five years, we have seen it all before and lived to tell about it. The sky is not falling and there are silver linings, if you choose to take advantage of them. We give thanks for having a very busy year and this fall is continuing to be busy. In fact we have been involved with multiple offers so who says the market is dead. Durham Region still remains a viable alternative to Toronto prices and mortgage rates are very attractive. Let us know if we can be of assistance to any of your friends or family, or if you have any questions or would like some financial adivce.
Fall time is often when we decide to do those house projects that we have been putting off for some time. But if you have been thinking of updating your windows or furnace, adding insulation, or converting your water heater or toilets, you can get government grants to help you with those costs. It is all part of the EcoEnergy Retrofit program to encourage homeowners to become more energy conscious. Just go to the following site to check out the various aspects of the program and get more info on rebates. http://www.ecoaction.gc.ca
You will need an Energy Audit and we can put you in touch with someone who will do that. They measure how efficient your home is before and after the changes, and give you an energy rating, just like that refrigerator you have. It is also good for resale, as your home will have a higher energy rating. We are personally involved in this process and highly recommend it. If you'd like to talk to us about it, by all means get in touch.
Check out our website, by clicking on our picture, for more informative articles, latest Market Watch, or look for a home. Judy has added Decor Tips to our click buttons, so you can see decorating ideas every month too.
Just think, it's only a little over 50 days left to Christmas. Have you started your Christmas shopping yet? Now doesn't that make you feel warm & fuzzy all over? Good or bad economic times, our family traditions remain. More silver linings.
All the best,
Rick & Judy