REALTORS SERVING SASKATOON

Welcome back! It’s week 3 which means we are breaking down our goals! ✨ We know from last week what our total down payment needs to be. This week, we’re breaking that into smaller, bite sized, attainable pieces. Take your total down payment amount and divide it by the number of months you’ll need to save for. Ie. $20,000 down payment saved over 2 years = 20,000/24 = $833/month to save. If this number feels to high for your current budget, reduce it to an amount that feels realistic and attainable. You can always adjust it higher in the future! If you do reduce the amount, know that your timeline will be extended beyond your initial plan. No worries there though, we want this to be a realistic and doable goal! Great, now you have your monthly contribution amount! Keep that in the back of your mind when you come back next week for step 4!

DREAM RENTAL | Part 2 🔑 Now that you have your account chosen and opened, it’s time to figure out the down payment amount! First, you’ll choose your strategy - are you going to house hack and put 5% down? Or do you want to avoid mortgage insurance or buy a rental property and will need 20% down? Next, determine your property price range - what kind of property are you wanting to purchase and what price range do properties like that go for in your market? Finally, decide on your timeline - when do you realistically plan to buy this property? 1 year from now, 3, 5? Write it down and stay tuned for step 3!

Awarded Canada’s #1 Home Sellers! 🏡 Clients, family, friends + supporters… you are why we love what we do. We are deeply humbled and grateful to share that, because of your trust and support, we’ve achieved a significant milestone: we’ve sold more homes than any other team of 1-3 members in Canada at Coldwell Banker Signature. Your stories, dreams, and the warmth you’ve brought into each home have been our true inspiration. It’s your journeys that have made this possible, and we can’t thank you enough for letting us be a part of them. Here’s to many more shared moments and happy homes. Thank you for being the heart of our success. With sincere appreciation, — The Morrison Realty ‘87 Team

🔑Do you dream of buying your first (or next) rental property but have no clear plan to make it happen? If you answered ✨yes✨, the next 7 weeks are for you! Every Wednesday, @alignedfinances + @morrisonrealty87 are going to be breaking down one step to get you to that dream property - with your goals on auto pilot at the end of this challenge. ➡️STEP ONE: Setting the Foundation. The first step to making your rental property dreams a reality is choosing a dedicated account to save for your down payment. Which account will be best for you depends on a few things. Let’s break them down here: 1) If you are a first time home buyer, an FHSA or First Home Savings Account will be the best place for you to put your down payment savings. If you need these funds within the next 5 years, it’s best to keep them in cash or a GIC that is lower risk within your FHSA. If you don’t need these funds for at least 5 years, investing them inside your FHSA in broad market, low-fee ETF’s like XEQT or VFV could be a good option to grow your money longer term. 2) If you are NOT a first time home buyer, and need your money within the next 5 years, a HISA (high-interest savings account) or TFSA (tax-free savings account) with cash only or a GIC inside the account will be your best option. If you do not need the money within the next 5 years, your TFSA with investments inside the account like broad market, low fee ETFs like XEQT or VFV could be a great option to grow your money longer term. Now that you have your account type chosen, go to your institution of choice (bank or brokerage) and open the account! Tip: If you plan to invest in a GIC, you’ll want to open your account at a regular bank. If you plan to invest in a high-interest savings account or ETF’s, a brokerage like Wealthsimple or Questrade will work great, but your regular bank will also have these options. Now that you have your account opened, stay tuned for next week where we give you STEP 2 on your way to your dream property!

HOW TO WORK WITH US  ⬇️ We’re taking on new clients and would LOVE to work with you! If you are thinking to buy and/or sell within the next year, DM us to start your real estate game plan journey. BUT FIRST, get to know the MORRISON 87 REALTY family… Way Back in ‘87, Léo Morrison laid the foundation for our real estate family team. Fast forward to today, we (his kids - AJ Morrison + Taylor Morrison) are part of the action, bringing fresh energy and passion to the game. Before real estate, Taylor + AJ both became graduates of the @edwardsschoolofbbusiness. Taylor has a marketing degree + AJ has a degree in Finance. We genuinely LOVE everything to do with real estate - helping our clients find their dream home, sellers make their next move or investors looking for that cash flowing asset. When not assisting clients, we enjoy going out to Wakaw Lake + Emma Lake, spending time with family (or friends that feel like family), playing pool at the @snookershack, travelling, golfing, fishing, quading, sledding, and any other activity that you can think outside ⚽️🏒🚴‍♀️🎳🏌️‍♂️🧗🏽‍♀️✈️🏝️ And now, a quick shout-out to our incredible clients who have helped us attain: ― #1 TEAM in Canada - Units sold by team size. @coldwellbankercanadaofficial . 2024. ― @universityofsaskatchewan Perks Partner Offering perks to all of U of S alumni. 2024. ― 37 years in the industry. 2024. ― Top 5 Teams in Canada - Units sold by team size. @coldwellbankercanadaofficial . 2022. ― Top 1% of Realtors® Worldwide. @coldwellbankercanadaofficial . 2021. ― Proudly a Métis Certified Business @metisnationsask . ― Sold over 3,600 homes. ― Bilingual French / English. 📲If you are thinking to buy and/or sell within the next year, DM us your real estate game plan. It’s better to start the conversation early! Bless, The Morrisons