Thursday, 8 May 2014

Tips for the Moving Process

Tips for the Moving Process 

It’s official: you’ve signed the papers, dotted all the i’s and crossed the t’s—you own a
new home! You’ve almost reached the end of your journey. However, now, faced with
the daunting task of moving, it may seem as though the journey has just begun. Moving
can be a time-consuming and stressful experience if you let yourself be overwhelmed by
the job. Remember, though, having a successful move means taking care of the details,
one by one. If you break the process down into steps and arrange your time accordingly,
you can make it manageable. Use the following checklist to ensure you’re covering all
the bases, and you will be well on your way to a successful move!


• Arrange to have your mail forwarded to your new address.
• Forward or cease all deliveries to your home, and forward or cancel newspaper
and magazine subscriptions.
• Disconnect or take care of utility, cable and phone services and accounts.
• Arrange for utilities to be connected at your new house.
• Cancel pre-authorized bill payments.
• Begin going through closets and discarding any unnecessary items.


• Plan your packing. Start by purchasing or acquiring suitable containers. Most
moving companies have specialized containers you can buy. Also, speak with
others who have recently moved—they may be looking to get rid of boxes.
You’ll need the following: small boxes for heavy items (books, tools, etc.); large
boxes for bulky items (bedding, stuffed toys, etc.); medium boxes for bulky but
less heavy items (towels, small appliances, etc.).
• Begin to collect other packing materials. Decide which items you’ll need from
the following checklist:
-White paper
-Tissue paper
-Paper towels
-Non-printed paper
-Packing tape or twine to seal boxes and containers
-Labels and stickers (available from your moving company)
-Felt marker to label boxes
-Notebook and pen for listing contents
• Set goals and deadlines for yourself. Aim, for example, to pack one room per
• Attach a list of contents to each box. Separate and label boxes to be placed in
• Consider holding a garage sale to rid yourself of excess belongings. • Begin to use up the food in your pantry and freezer. Let the food you already
have dictate your menus.
• Have rugs cleaned that are to be moved, then roll and wrap them.
• Make special arrangements for the moving of plants or pets.
• Collect all personal items from local services (dry cleaning, storage, photos).
• Service all appliances you are taking with you. Note that all gas appliances must
be emptied, as it is illegal for movers to carry flammable substances.
• Take inventory of all the boxes, and contents of the boxes, you have packed.
• Have your car serviced and tuned up.


• Return library books.
• Clean out your locker at any club you are leaving.
• Determine how to transfer your children to a new school.
• Return items you’ve borrowed to friends, and collect any you’ve lent.
• Mail or e-mail change of address notices to family members, friends, and office


• If needed, transfer medical and dental records, and fill prescriptions.
• Change the address on your driver’s license.
• Change the billing address for credit cards.
• Change the address for banking statements.
• Leave a record of security codes for new tenants.

Insurance and Legal Matters 

• Visit your lawyer and ensure all documents are signed.
• Notify your insurance company well in advance of the move and ask them to
review your policy.
• Transfer insurance to your new home, or acquire new insurance.
• Review your moving company’s insurance policy. If it doesn’t cover as much as
you’d like it to, obtain your own.
• If you are currently renting a house or apartment, give written notice to the
• Have all keys to your old home delivered to your lawyer or realtor.

The Graham Pringle Team
705-426-4663 or 800-465-7866

Monday, 5 May 2014

Buying a Home: What Expenses to Expect

Buying a Home: What Expenses to Expect 
 Budgeting for a new home can be tricky. Not only are there mortgage installments and 
the down payment to consider, there are a host of other—sometimes unexpected—
expenses to add to the equation. The last thing you want is to be caught financially 
unprepared, blindsided by taxes and other hidden costs on closing day. 

These expenses vary: some of them are one-time costs, while others will take the form of 
monthly or yearly installments. Some may not even apply to your particular case. But 
it’s best to educate yourself about all the possibilities, so you will be prepared for any 
situation, armed with the knowledge to budget accordingly for your move. Use the 
following list to determine which costs will apply to your situation prior to structuring 
your budget: 

1. Purchase offer deposit. 

2. Inspection by certified building inspector. 

3. Appraisal fee: 
Your lending institution may request an appraisal of the property. The cost of this 
appraisal is your responsibility. 

4. Survey fee: 
If the home you’re purchasing is a resale (as opposed to a newly built home), your 
lending institution may request an updated property survey. The cost for this 
survey will be your responsibility and will range from $700 to $1000. 

5. Mortgage application at your lending institution. 

6. 5% GST: this fee applies to newly built homes only, or existing homes that have 
recently undergone extensive renovations. 

7. Legal fees: 
A lawyer should be involved in every real estate transaction to review all 
paperwork. Experience and rates offered by lawyers range quite a bit, so shop 
around before you hire. 

8. Homeowner’s insurance: 
Your home will serve as security against your loan for your financial institution. 
You will be required to buy insurance in an amount equal to or greater than the 
mortgage loan. 

9. Land transfer (purchase) tax: 
This tax applies in any situation in which a property changes owners and can vary 

The Graham Pringle Team
705-426-4663 or 800-465-7866