Home Financial Modeler
by Pinnacle Paradigms Inc.
Postings
Questions for your realtor when buying a house.May 13, 2022
When buying your next home it is important to understand and control the financial transaction you may be entering. This information will help you decide on the contents of your offer:
* Over the last 3 months what was the sale price of similar homes in that neighborhood?
* How long has the house been on the market?
* Has the owner entertained previous offers?
* What is included in the sale (e.g. appliances, window coverings)?

Use Home Financial Modeler to organize your house hunting. Build financial models. Include photos, and notes. Rate neighbourhood amenities, and compare the properties you viewed to determine the best fit for your family.
Inspect high cost items before purchasing that home!May 11, 2022
The house looks great and you’re ready to make an offer, but have you inspected those items that could be costly down the road? Make sure you’re aware of the how soon the following items may need to be addressed:
* The roof,
* Foundation concerns (e.g. cracks, incorrect grading causing water pooling and flooding),
* Household mechanicals (e.g. furnace, air conditioner, water heater), and
* Appliances (e.g. stove, cooking range, refrigerator, washing machine, dryer, dishwasher).

Use Home Financial Modeler to organize your house hunting. Build financial models. Include photos, and notes. Rate neighbourhood amenities, and compare the properties you viewed to determine the best fit for your family.
Purchasing a home? Set a realistic budget!May 9, 2022
A realistic budget provides peace of mind the home is affordable. When building your purchase budget, consider:
* A mortgage pre-approval so you know what the bank will provide,
* Closing costs (e.g. property appraisal and inspection, legal fees, land taxes, mortgage insurance), and
* Ongoing costs (e.g. property taxes, renovations/repairs, insurance, and utilities).

Use Home Financial Modeler to organize your house hunting. Build financial models. Include photos, and notes. Rate neighbourhood amenities, and compare the properties you viewed to determine the best fit for your family.
How to select a listing agent.May 6, 2022
Selecting the right real estate agent is a critical step. The right agent can help ensure your home sells quickly, and gets the best price. Consider the following steps when selecting your listing agent:
* Get referrals from trusted people,
* Research their online presence (e.g. website, social media posts),
* Look for complaints on the Better Business Bureau’s website, and
* Review their recent listings from the candidate to compare list versus sell price.

Once you have your shortlist, interview a minimum of 3 candidates.

Use Home Financial Modeler to understand selling costs, determine target and minimum sale prices, forecast your equity, and reap the financial rewards you deserve.
HFM House Selling Tip #10 – Social MediaMay 3, 2022
Marketing is a key part of selling your home and today’s buyers use social media as part of their research. Take advantage of popular social media platforms to promote features of your home, but don't forget to also promote your neighbourhood. When selecting a real estate agent make sure they explain their strategy for promoting your home.

Use Home Financial Modeler to understand selling costs, determine target and minimum sale prices, forecast your equity, and reap the financial rewards you deserve.
HFM House Selling Tip #9 – AvailabilityApr 29, 2022
It takes work, but it’s important to stay show ready at all times, or be ready to grab your kids and dog to get out for 30 minutes. Buyers can be time constrained and if you turn them away, they will probably just move on to another home in your area. Remember, this inconvenience and hard work is temporary, but the sacrifices made now will pay off later when the sold sign goes up.

Use Home Financial Modeler to understand selling costs, determine target and minimum sale prices, forecast your equity, and reap the financial rewards you deserve.
HFM House Selling Tip #8 – Neighborhood PromotionApr 27, 2022
Potential buyers may not know all the great things about where you live. Write a list of the positives about your neighborhood and leave the list out for your home viewings. Brag about your home's walkability to parks, schools, public transit, and nearby businesses such as shopping, restaurants and entertainment.

Use Home Financial Modeler to understand selling costs, determine target and minimum sale prices, forecast your equity, and reap the financial rewards you deserve.
HFM House Selling Tip #7 – Home InspectionsApr 25, 2022
A home inspection will highlight major and minor concerns, including safety concerns with your home. As a seller you can use the inspection report to address issues prior to putting your home on the market. When you do list your home, a report from a certified property inspector will provide peace of mind to potential buyers, while providing you the opportunity to feature the major items you’ve addressed.

Use Home Financial Modeler to understand selling costs, determine target and minimum sale prices, forecast your equity, and reap the financial rewards you deserve.
HFM House Selling Tip #6 – Pet OdoursApr 21, 2022
Pet owners love their pets, but not all potential buyers feel the same. It is important to remove odours, and damage caused by pets. Before people view your home make certain pet hair is removed, damage caused by pets has been addressed, stains have been cleaned, and odours in furniture and throughout the house have been eliminated. Remember you want to create an environment where the potential buyers can see themselves ready to move into your home.

Use Home Financial Modeler to understand selling costs, determine target and minimum sale prices, forecast your equity, and reap the financial rewards you deserve.
HFM House Selling Tip #5 – RenovatingApr 20, 2022
People remember bathrooms and kitchens. Ensure these two rooms get extra attention. Small upgrades can make big differences. For example, change the look of your kitchen by adding the right backsplash. Also consider removing outdated window treatments, using closet systems to organize messy closets, highlighting wood floors and removing old worn carpet, and painting using neutral colours. Make it easy for potential buyers to picture themselves in your home.

Use Home Financial Modeler to understand selling costs, determine target and minimum sale prices, forecast your equity, and reap the financial rewards you deserve.
HFM House Selling Tip #4 – List PriceApr 18, 2022
Setting the list price is a critical step. It targets buyers looking in a particular price range. Set too high, you will be ignored until the price is reduced which causes buyers to be suspicious of why the property has been on the market so long. List price is affected by many factors: a) the price similar properties sold for in your neighbourhood, b) the home’s location, and c) the need of upgrades or renovations. To set your list price work with a professional real estate agent unless you’re confident in your knowledge of all of these areas.

Use Home Financial Modeler to understand selling costs, determine target and minimum sale prices, forecast your equity, and reap the financial rewards you deserve.
HFM House Selling Tip #3 – StagingApr 13, 2022
You’ve arranged your furniture the way that best suits your family’s lifestyle, but now you need to use your furniture as a marketing tool. Make rooms look spacious and inviting. Avoid long lines of furniture along walls. This may require removing some of the furniture. Buyers should be able to picture themselves living in your home with the feeling they can move right in.

Use Home Financial Modeler to understand selling costs, determine target and minimum sale prices, forecast your equity, and reap the financial rewards you deserve.
HFM House Selling Tip #2 – DeclutteringApr 12, 2022
Have you ever been immediately disappointed when arriving at a candidate home? You can only make a first impression once, so make it count. When buyers come to view your home, start their experience with a positive feeling through curb appeal. Homes with well-kept lawns and professional landscaping can sell for 7% more than similar homes with exterior blemishes or unattractive front yards.

Use Home Financial Modeler to understand selling costs, determine target and minimum sale prices, forecast your equity, and reap the financial rewards you deserve.
HFM House Selling Tip #1 – Curb AppealApr 8, 2022
Have you ever been immediately disappointed when arriving at a candidate home? You can only make a first impression once, so make it count. When buyers come to view your home, start their experience with a positive feeling through curb appeal. Homes with well-kept lawns and professional landscaping can sell for 7% more than similar homes with exterior blemishes or unattractive front yards.

Use Home Financial Modeler to understand selling costs, determine target and minimum sale prices, forecast your equity, and reap the financial rewards you deserve.
House Hunting Tip #10 – Know Your CriteriaApr 6, 2022
In real estate emotional decisions can be costly. Make educated purchase decisions. Determine “must haves” from “nice to haves”. Consider household functionality (e.g. number of bedrooms and bathrooms), as well as property and neighbourhood functionality (e.g. number of parking spaces, backyard usability, and proximity to neighbourhood amenities).

Use Home Financial Modeler to organize your house hunting. Build financial models. Include photos, and notes. Rate neighbourhood amenities, and compare the properties you viewed to determine the best fit for your family.
House Hunting Tip #9 – Trust Your NoseApr 5, 2022
Does something smell funny? Air fresheners, baking, and open windows can clear out certain scents. Pay attention to suspicious odours. For example, a damp smell could mean the home has poor ventilation or problems with mold. Trust your instincts. If something doesn’t feel right, insist on a property inspection or walk away.

Use Home Financial Modeler to organize your house hunting. Build financial models. Include photos, and notes. Rate neighbourhood amenities, and compare the properties you viewed to determine the best fit for your family.
HFM House Hunting Tip #8 – LaundryMar 30, 2022
Doing laundry is a frequent event. Particularly, if you have small children. Do you want your laundry room on the same floor as your bedrooms, or are you willing to walk between multiple flights of stairs carrying laundry? The location of the laundry room and your convenience matter! If your next home has no laundry, then make sure the laundromat is easy to get to, especially if you don’t have a vehicle.

Use Home Financial Modeler to organize your house hunting. Build financial models. Include photos, and notes. Rate neighbourhood amenities, and compare the properties you viewed to determine the best fit for your family.
HFM’s House Hunting Tip #7 – Viewing TimesMar 28, 2022
Sunlight light and seasonal characteristics like winter snow may impact your ability to see all the important aspects of the property and home. Schedule your viewing times when lighting is optimal and all the property features are viewable. In addition, sunlight also has multiple benefits including, boosting vitamin D, warding off seasonal depression, and improved sleeping. Consider the importance of sunlight to your family when viewing the home, and look for features that help meet your family’s need such as window coverage, sunrooms, and skylights.

Use Home Financial Modeler to organize your house hunting. Build financial models. Include photos, and notes. Rate neighbourhood amenities, and compare the properties you viewed to determine the best fit for your family.
HFM’s House Hunting Tip #6 – RoomsMar 25, 2022
Furniture can be expensive. So if you’re not planning to replace yours then picture it in the rooms as you view your next home. In each room consider what dictates the furniture’s placement. Look at the number and location of doors and windows, and HVAC registers and returns. Also, consider the length of uninterrupted wall space, the room’s shape and any special features like knee walls. Remember, when evaluating space size isn’t everything!

Use Home Financial Modeler to organize your house hunting. Build financial models. Include photos, and notes. Rate neighbourhood amenities, and compare the properties you viewed to determine the best fit for your family.
HFM House Hunting Tip #5 – ParkingMar 24, 2022
A lack of parking can be frustrating and inconvenient. Parking comes in multiple ways. For example:
* On your property,
* Permit street parking, and
* Parking spot rental.

Friends may need permits to park when they visit, and then only find parking blocks away from your home. Ensure your next home has sufficient parking for your family’s lifestyle and needs.

Use Home Financial Modeler to organize your house hunting. Build financial models. Include photos, and notes. Rate neighbourhood amenities, and compare the properties you viewed to determine the best fit for your family.