首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
Buying a Home To Buy or to Rent According to Canada Mortgage and Housing Corporation (CMHC) , 37 percent of Canadian ren
Buying a Home To Buy or to Rent According to Canada Mortgage and Housing Corporation (CMHC) , 37 percent of Canadian ren
admin
2010-07-24
116
问题
Buying a Home
To Buy or to Rent
According to Canada Mortgage and Housing Corporation (CMHC) , 37 percent of Canadian renters could afford to buy a home. But when it comes to buying or tenting, age, lifestyle, whether or not you’re a parent, even where you live, all play a role. This was among, findings of a late 1990s study by the CMHC, which wanted to know why, in Quebec, so many 25-to 34-year-olds--the so-called Generation X--were tenants rather than homeowners. At the time, 56 percent of this age group outside Quebec owned their homes, a figure that dropped to 34 percent in Montreal. CMHC’s Kim-Anh Lam explained: "When we asked about their priorities, Gen Xers placed housing fifth--after recreational activities, retirement planning, consolidating their jobs, and repaying their debt." However, home ownership became a priority once a couple became serious, or the first child arrived.
Most experts agree that renting makes sense if you’re highly mobile and don’t want to be burdened with the slow pace of the buying and selling process, or if you can’t or don’t want to take on the long-term financial commitments of a mortgage and home maintenance. Renting may be necessary in order to save for the 10 to 20 percent down payment needed to buy a home.
Whether you buy or rent your home, you should use no more than 35 percent of your income on housing, including rent or mortgage, utilities, insurance, and repair. Most banks recommend that no more than 30 percent of your income should support a mortgage, and no more than 40 percent should go to a mortgage and other debt.
Offer to Purchase
Home buyers sometimes get stung because they or their representatives fail to include important conditions in the offer to Purchase , or, as it is sometimes called, the Agreement of Purchase and Sale. Your offer can be conditional-it is good only on condition that you obtain mortgage financing, or the house passes a home inspection or a termite check. In Homebuying Step by Step: a consumer guide and workbook, the CMHC recommends your offer also include:
Basic details such as your legal name, the name of the vendor, and the legal and civic address of the property.
The purchase price and all financial details included in this should be the amount of the deposit and any interest to be paid on it. You may also want to spell out the specific amount of penalty should you wish to back out of the deal.
The chattel or items in the home which are included in the purchase price. This may include window coverings, appliances, a satellite dish, carpeting, bookcases, or a backyard swing.
Enumerate all of them, and stipulate that everything in the house--all appliances and systems--be in working order at the time of closing of title.
Date of closing and taking possession--usually 30 to 60 days from the date of the agreement, but it can be longer.
Request for a current land survey of the property.
Date and time at which the offer becomes null and void. A 48-hour limit on the seller’s response time to your offer is reasonable.
For Buyers only
A typical real estate transaction often begins when prospective buyers drive by a house that looks appealing, take down the name of the real estate agent listed on the sign in the yard, and call that person for an appointment. The only problem, That agent--usually the listing agent--works for a commission paid by the seller, and the agent’s legal responsibility is to get the best price possible for the current homeowners, not the prospective buyers.
Common sense calls for buyers to be honest about their priorities, preferences, and price range. But since the agent’s commission comes from the vendor, and since this money is a percentage of the sale price, it is entirely possible that any information the buyers reveal to the agent--their finances, the top price they’ll pay, their reactions to the house--could be used to sweeten the pot for the sellers.
Keep in mind, too, that the agent-vendor relationship doesn’t change just because you ask an agent to help you find your dream house. The agent’s services will be free to you since his or her fees will be paid by the vendor whose property you eventually buy. Commissions are divided between the listing agent and the agent who brings about the sale.
What can buyers do in these situations? They can be aware that agents will be motivated to get the highest price and the best terms from the seller’ s point of view. Also, the higher the price, the bigger the agent’s commission. Accordingly, buyers should not expect any agent to volunteer information on a house’s defects. If an agent says it’s a "fixer-upper," find out exactly what needs fixing up. Buyers should ask specific questions and expect factual answers. But, unless you ask, don’t expect the agent to tell you the roof is 25 years old or the fireplaces don’t work.
Buying a New Home
When buying a home that’s been around for a while, you’re getting a known quantity that’s proven how it reacts to winter, summer, rain, wind, and other circumstances. When buying a newly built home, you’re getting something that "hasn’t been road-tested,’ says Alan Fields, coauthor of Your New Home: the Alert Consumer’s Guide to Buying and Building a Quality Home. So it’ s important to be careful.
He points out the three biggest mistakes people make when buying a new house:
Forgetting to get the "window sticker" for the house--the written list, similar to that on a new car, of specifications and materials used by the builder. "Deal with a builder who’s willing to give you specifics about the construction process," advises Fields.
Failing to cheek out the neighborhood. "People fall in love with how pretty the new home is, and don’t ask enough questions about what’s going on around them with respect to schools, parks, zoning, traffic flow, and other details."
Not hiring an independent inspector or engineer to help evaluate the construction. "People think because it’s new it’s not necessary to inspect the home," says Fields, "or that the city or county housing inspector will check to ensure quality. Those inspectors are checking to ensure that the home meets the minimum standards--not the highest standards--for health and safety codes in the area. Just because a home passes a city inspection does not mean you got what you paid for, or what your family deserves."
Home ownership became a priority once ______.
选项
答案
a couple became serious,or the first child arrived。
解析
根据题干中的信息词a priority定位到原文To Buy or to Rent标题下第一段最后一句“However,home ownership became a priority once a couple became serious,or the first child arrived(然而,当一对情侣正式确定关系或他们第一个孩子出生时,买房就成了头等大事了) ”,由此可得答案。
转载请注明原文地址:https://kaotiyun.com/show/MHN7777K
0
大学英语四级
相关试题推荐
As【B1】______learnmoreabouthowchildren’sintelligencedevelops,theyareincreasingly【B2】______bythepowerofparents.The
A、Becauseheneverlentanymoneytohisfellowvillagers.B、Becausehenevergavehischildrenanymoney.C、Becauseheneversp
Forthispart,youareallowed30minutestowriteashortessay"AnOuting".Youshouldwriteatleast120wordsfollowingthe
Peopleusetheirmouthsformanythings.Theyeat,talk,【B1】______andsing.Theysmileandtheykiss.IntheEnglishlangua
Asamediumofexchangemoneypermitstheseparationofexchangeintothetwodistinctactsofbuyingandselling,withoutrequi
IntheUnitedStatestoday,thecostofhousingisveryhigh.Itisvery【B1】______topayonefourthtoonethirdorafamily’s
A、Heatethehoney.B、Hedrankthebeer.C、Hechasedthepeopleaway.D、Heturnedthingsupsidedown.SectionCD
Cathyturneddownthewell-paidjobbecause______(要求经常出差).
Livingisrisky.Crossingtheroad,drivingacar,flying,swallowinganaspirintabletoreatingachickensandwich--theycan
A、Thepurposeoflaughter.B、Thecauseoflaughteranditseffects.C、Whyandwhenpeoplelaugh.D、Theoriginoflaughter.B
随机试题
在PowerPoint2000幻灯片中,_______是行距的单位。
消化性溃疡出血时采用内镜止血,适用于有_______或_______的溃疡。
A.伴随卵巢周期性变化而出现的子宫内膜周期性脱落及出血B.月经第一次来潮称之月经初潮,月经的出现是性成熟的主要特征C.月经周期的计算是从月经来潮的第1天算起,直到下次月经前一天D.月经周期可分为3个阶段:卵泡期、排卵期及黄体期E.月经周期
休克阴血亏损导致阴厥型宜用何方治疗休克阳气衰微导致寒厥型宜用何方治疗
出纳填写票据的出票日期时,“9月12日”应填写成()。
为一个刚满18岁的子女筹资建立一个教育金账户,以下可以接受的策略是( )。Ⅰ.申请学生贷款Ⅱ.在大学期间,减少房屋贷款的还款额Ⅲ.在大学期间,减少养老金账户的供款Ⅳ.投资股票类基金Ⅴ.投资于教育基金计划
某企业2015年度利润总额为1800万元,其中本年度国债利息收入200万元,已计入营业外支出的税收滞纳金6万元;企业所得税税率为25%。假定不考虑其他因素,该企业2015年应交所得税为()万元。
排球发球赢得一分,继续发球,此时应由()位置的队员发球。
《布拉格和约》
AnotherearlyNativeAmericantribein(31)isnowthesouthwesternpartoftheUnitedStateswastheAnasazi.ByA.D.800theA
最新回复
(
0
)