Buyers often need to request an extension to their closing date. The main reasons are as follows: The buyers have not yet sold their current home; or The buyers’ financing has fallen through or the buyers have not complied with all of the lender’s requirements…
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Today anyone can call themselves a home inspector in Ontario. That is a scary proposition since most consumers depend on the opinion of a home inspector before making one of the biggest purchases of their lives. There are over 1500 home inspectors operating in the Province yet there are no mandatory training or technical standards for them to meet. The results are often a leaky roof, cracked foundation or outdated electrical wiring or plumbing that was missed and which ends up costing unwary consumers thousands of dollars to repair after closing. In extreme situations, consumers have lost their homes. Many inspectors do not carry errors and liability insurance, meaning that if they make a mistake, even if you win a lawsuit, you may recover nothing later.
Read MoreI am a little “Old School” in that I believe in the power of a referral and/or personal references. Despite many marketing efforts, almost all of my business is derived by referrals. Treat people right! When possible I like to extend a referral back. Below are friends, family and clients that have recently started ventures in the last few months. No doubt they will be successful. Hope you can spread the word.
Read MoreWhen 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.
Read MoreDuring 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 MoreWelcome To The World Trade Centre At The City’s Core! This Fantastic, Large (932 Sqft Plus Balcony) Suite Boasts An Open Concept Luxurious Living Space With Renovated Kitchen, Huge Balcony With Wonderful Court Yard/City Views. Master En-Suite Bath Has A Separate Tub And Shower.
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.
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