Buy First? Sell First? Which is the Best Way to Go?

Like the chicken and the egg, there is much discussion whether you should sell your home before you buy the next, or vice versa.

Our local real estate market, where homes are selling fast, and there is not a lot of housing inventory, has made some people question whether there is a right way to move on… a one size fits all solution.

There are benefits (and negatives) to both buying first and selling first. Let’s consider the options:

Buy First, Sell After

• You can take your time to find just the house you want
• You can take advantage of low interest rates – take the uncertainty out of the equation
• You can have time to do renovations/improvements to the new home before moving in, limiting the disruption to your routine.
• This approach does require you to have the willingness and the ability to potentially carrying the costs of both homes for a period of time.

Sell First, Buy After

• You know exactly how much money you have to invest in the next property
• You will not take the chance on being pressured to sell your home in order to finalize your move
• You do not have the costs of bridge financing your purchase

There are other considerations also when looking at these choices:

• Do you have somewhere to live should your home sell before you find the perfect one to buy?
• Do you have somewhere to store your personal items should you need to?
• Can you handle the financial pressure of owning two homes?
• Does your current mortgage (if you were moving it to the new property) have any penalties if there is a time lapse between property ownership?
• Have there been any properties available that meet your requirements recently? Is it likely that if you sell first you will quickly find what you are looking for?
• Do you know exactly what you are looking for?

If you are wondering how you should handle your move, call one of our qualified sales professionals. They will be able to sit down with you and discuss all the advantages and disadvantages of the two approaches, and help you make the right decision for your move.

CHILDRENS SUMMER SPORTS

While I was driving to an appointment last week I noticed several signs on the roadside promoting registration for children’s sports leagues. It brought back a lot of memories when my children were young and were involved in many different sports such as basketball, T-ball, synchronized swimming, and rowing to name but a few.

It was a very hectic time in our family having three children all participating in different sports with conflicting schedules. On many occasions we had to rely on one of the grandparents, or my brother, to shuttle one of our children to and from their game or event. As many parents know, you can only be in one place at a time!

My wife and I always found it very rewarding to see our children learning new skills, making new friends, learning the importance of teamwork, and trying their best not to let their team down. No matter what the results were it was nice to see the proud parents there to cheer on their child and tell them what a great job they did.

Hamilton is a great sports town and there are endless opportunities for your children to become involved in sports. There are numerous leagues for boys and girls, all over the city, in sports such as soccer, T-ball, baseball, basketball, football and more.

For more information on sports leagues, Google “youth sports Hamilton” for a list of websites regarding children’s sports in our area.

I suggest you take your children to one of these sporting events to see if they would be interested in playing, encourage them to participate as it is a great opportunity to learn new skills, make friends, and most importantly have FUN!

And for you parents out there, I guarantee, you will enjoy it as much as your children!

Summer is Coming! Summer is Coming!

Just trying to be positive here… Our Spring weather isn’t giving us much hope for summer, but it is time to start thinking about what to do when those warm summer days finally arrive.

I think there is nothing better to do than spend as much time as possible outdoors once the weather gets nice. It doesn’t need to be steaming hot, just pleasant. My favourite summer pastime is golf, and we are lucky enough to be surrounded by more courses than we could play in a summer. (I do have a job you know, for those that think they could get to them all).

If you are planning family outings, keep in mind all the local attractions, such as Wild Water Works, African Lion Safari, Christie and Valens Conservation areas, and more, that I don’t have room to name.

Now is also the time to be planning summer getaways, whether it’s the kids to camp, or the family off to the cottage. Don’t miss out by waiting to see what the weather is going to do… There are lots of things to do regardless of the temperature or precipitation.

Other summer pastimes for me include trips to Stratford and to the Shaw Festival. I enjoy turning them into day trips so we can sample what the areas have to offer, in addition to some fine entertainment.

I also enjoy going with friends on the wine tours in Niagara. Yes, pick the one who will be the DD that day, and go enjoy some of the fine wines Ontario has become so well known for. Drop in to one of the winery restaurants and enjoy local cuisine prepared by some of the best chefs around.

Looking for something more local? Spend a day walking through our abundant conservation areas, and then stop in to one of our local restaurants. Enjoy your beverage of choice on the patio…

Relax… Refresh. That’s what summer is all about.

If you have any favourite things to do, please share. We are always looking for great ideas to enjoy summer.

SUMMER FESTIVALS ARE JUST AROUND THE CORNER!

Yes I know summer isn’t here yet, but its’ coming, I think. After the mild winter and early summer we had last year people seem to be a little impatient this year with the slow arrival of the warmer weather. You should take this time and start to plan which of the great summer festivals in our area you would like to attend this year.

One of my long time favourites is the Festival of Friends held in August each year. They have great artisans selling their creations, many different food vendors to satisfy any appetite, and let’s not forget the stellar line-up of entertainment. Over the years I have enjoyed the likes of David Clayton Thomas, Lighthouse, Randy Bachman, Eric Burden and the Animals (they we fantastic), to name but a few. And don’t forget, IT’S FREE.

Another favourite is the Dundas International Buskerfest in June. The wide range of entertainment is astounding. And we must not forget the Dundas Cactus Festival in August. Again, there is great entertainment, crafts, food, and more.

I have not been to the Winona Peach Festival or the Oh Canada Ribfest in Waterdown but I have heard great things about them so I am adding them to my summer to-do-list.

So, if you’re looking for some great family fun this summer, go to one of the many summer festivals in the Greater Hamilton Area.

For a list of festivals, dates and places, go to

http://tourismhamilton.com/events/events.php?sub=*Festivals&offset=10

I invite you to share your favourite festivals with our readers, so they too, can enjoy a great festival experience.