Last Sunday I showed a nice semi-detached home at 595 Concord Ave. The list price was set at 599k. Offers were set for presentation night on Wednesday. I thought that the property value for this home was a maximum of 650k and that was a little bit of a stretch. My client liked the home and wanted to see it again on Tuesday evening. Monday, at 1pm I received a message that a bully offer was coming in and that the offer night was pushed forward to that night (Monday).
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Last Sunday I showed a nice semi-detached home at 595 Concord Ave. The list price was set at 599k. Offers were set for presentation night on Wednesday. I thought that the property value for this home was a maximum of 650k and that was a little bit of a stretch. My client liked the home and wanted to see it again on Tuesday evening. Monday, at 1pm I received a message that a bully offer was coming in and that the offer night was pushed forward to that night (Monday).
Read MoreToronto Real Estate Board President Paul Etherington announced that Greater Toronto Area REALTORS® reported 8,940 sales in March 2015. This result represented an 11 per cent increase compared to March 2014
Read MoreIn the Market – The weather is taking it’s time to warm up but the housing market is not. This past week many more new listings began hitting the MLS system and buyers are feeling somewhat energized to begin/continue their hunt.
Read MoreLast week I was showing a home that had not sold after being poised to take multiple offers (I was super surprised). After brining my clients through a second time to see the home we deliberated for about 3 days. When we were ready to proceed with an offer we were informed that there was another competing offer. We lost out to the other buyer who ultimately paid a sale price above list and no conditions. Funny that for 3 weeks the home was available and then ultimately sells for over asking – firm.
Read MoreThe average cost of a detached home in Toronto 416 tops (place your pinky finger to your lips and then say) “$1 million dollars”.
Read MoreGood morning everyone; It’s been a busy time and getting out the weekly communication every week has been challenging. I will continue to strive for a weekly schedule but may double up when needed. J Despite the deep freeze the Toronto Real Estate market is starting to show signs of increased activity. The supply of…
Read MoreIn the attached article, I was asked to quote about a situation when a general contractor went bankrupt in the middle of a home renovation, and the homeowner was then liable to pay the sub-trades who were not paid, even though they had already paid a substantial amount of money to the general contractor. Here…
Read MoreMost condominium resale agreements are conditional upon the buyer lawyer being satisfied with the contents of the condominium status certificate. If the contents of this certificate are different than what was represented to the buyer when they signed the original agreement, then the buyer may be able to cancel the deal.
Read MoreLots of activity going on – Set offer dates and Bidding wars are still the norm. This year prices are expected to rise by about 4-5% but will continued to be balanced by lower borrowing costs.
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