tabishhomes

Canadian snowbirds have been investing in U.S. real estate and vacation properties for decades, and while buying a foreign vacation home can be a great option for many, it’s a major commitment and a decision that should never be taken lightly. If you’re thinking about buying real estate in the U.S. (or any other foreign country), ask yourself the following questions first to make sure purchasing a foreign vacation home is right for you and you’re considering the right type of property to meet your needs. 1. Financial Resources  Do you have the financial resources to comfortably afford a second home? Keep in mind that if you need to sell your U.S. real estate in a hurry for financial reasons, you may be forced to sell when the market is down or the exchange rate is less favourable than when you purchased the property, which could result in a significant loss. 2. Intended Use Will this be a cozy retreat, a place to entertain friends and family or a hub for golf outings? The a

To mention the events of a previous couple of months have had an unparalleled effect on the way our society functions are an understatement. Since the threat of this COVID-19 global pandemic develops across Canada and all levels of government enact policies to prevent community propagation through social isolation, tens of thousands of Canadians from the non-essential workforce are now operating in the home and also abstaining from seeing companies and other public areas. But they are also having a profound effect on businesses that rely on in-person interactions, such as restaurants and baldness. They have also contributed to fears of a worldwide recession and restricted purchasing power for customers once the chance of this coronavirus subsides. The actual estate business, specifically, is a prime example of a person who will want to radically adapt if it is to become"business as normal." While brokerages and property agents are deemed"essential services" fro