When you sell your home, if you expect the buyer to take over any of your rental obligations, be clear, or you will end up paying for it yourself later.
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During this time of year lower inventory rates occur as sellers hold off for the holidays. Decent homes are far and few between resulting in this kind of bidding action for any home that comes to market. So if you are serious about selling it is not a bad idea to list when there are few other homes to compete against.
Read MoreGreater Toronto Area REALTORS® reported 6,391 residential sales through the TorontoMLS system in November, representing a 13.9 per cent increase over the sales result for November 2012. Over the same period, new listings on TorontoMLS were down by 4.4 per cent and month-end active listings were down by 12.1 per cent.
Read MoreAs a result of the high prices in the Toronto real estate market, parents are assisting their children with the purchase of a home. Depending on the type of assistance provided, care must be taken in how the deal is structured so that the parents, kids and the bank are all informed and protected.
Read MoreI hope that all of you are keeping well and have managed to avoid the flu bug! In about 1 week – I will be coming to market with another wonderful spacious downtown condo (with parking) at the foot of Yonge and Front! Stay tuned for more details.
Read MoreThe holiday season is descending upon us and retailers are in full swing. Although I expect transaction volumes to come down over the next few months, pricing will continue to be strong as supply will shrink even more.
Read MoreWith all the happenings with Mayor Rob Ford other local issues/stories have been pushed wayside. The real estate market is still marching forward and we should expect some slower sales within the next 6-8 weeks as people switch their mindset to holiday mode.
Read MoreUnfortunate occurrences are taking place in the Toronto real estate market when buyers have a change of heart after inspecting a home. The sellers are refusing to return the deposit.
Read MoreI like the fact that at 7am there is daylight again but evening darkness at 5pm is tough.
Believe it or not this has an impact on the real estate market. Quite simply, homes are better to be viewed during daylight hours. Showings tend to slow down and fewer sellers put their homes on the market for sale.
Read MoreLast week I was involved in 3 separate multiple offer situations. Unfortunately we were not able to secure a winning bid in any.
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