Renting is always an option but the allure of owning your own home is hard to beat! And over the long run owning a home that is appreciating in value is a good investment. Where else can you enjoy the comfort of an investment and pay no capital gains when you cash out?
Sales Representative, Chestnut Park Real Estate Limited
There is much to like about a new condo. All new kitchen, bath, windows, etc.! You get exactly what you want. Also, if it's in a great location, has a balcony or a big terrace, even better. If you buy a penthouse....lucky you! Is it more complicated than buying a resale condo? Yes.
05/31/2012 02:32 EDT
A fast market, mostly a seller's market, can lead to multiple offers. Perhaps you've come through this type of offer scenario successfully and are now the proud owner of the home of your dreams! You are thrilled with your purchase but you realize that you did go well above the asking price. Was it too much? .
05/24/2012 01:51 EDT
If your house is your biggest investment, I think you want to know how solid that investment is. Four hundred and fifty dollars is the cost for a home inspection on an average three-bedroom house. In making your decision think about this: Is there a wet basement, mould, knob and tube wiring, or asbestos? If so, how much will it cost to get rid of them?
05/17/2012 02:18 EDT
Take heart, this is a daunting task but it is just a matter of making sure you know all the costs upfront. So, before you set out to look for a house or condo you should make an appointment with your lender, be it your bank or your mortgage broker. The market has changed and you can expect to pay more...so get ready!
05/10/2012 01:46 EDT
Yes, you've hired an experienced agent, one who knows your neighbourhood and has a successful track record. They will be proficient at marketing, negotiating and closing the deal. But you have to be totally onside. If you don't get into the process, your house will take longer to sell.
05/03/2012 02:26 EDT
Perhaps you're thinking of downsizing since you don't need the four-bedroom house anymore. Sick of shoveling the snow? Want more time to travel? A hassle-free condo lifestyle might be what you're looking for. Condos and co-ops are both good alternatives to owning a house, but there are pros and cons to both.
04/26/2012 10:31 EDT
Selling a home in 2012 is a big undertaking and usually accounts for one's biggest asset. Is it better for me to go with a "do-it-yourself" broker or hire an agent? Well, that depends.
04/19/2012 08:44 EDT
In a seller's market, many "hot" properties come on the market and often with holdback offers. These homes are usually newly renovated, nicely decorated and have many features that buyers want. How can you get this house?
04/12/2012 05:40 EDT
Holdback offers are a marketing sales strategy whereby the property is listed for perhaps 5 per cent under market value and offers are held back for a week. Benefits of holdback offers to the seller: not just an increase in price but also an efficiency of time. Less time on the market if it works and less stress for the seller!
04/05/2012 08:02 EDT
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