CLICK HERE FOR VIDEO A real estate listing is important when selling or buying a home. It should give you all the info you need to make an offer, the legal description, price and terms etc. It is also used as a marketing tool to attract buyers and to create interest in the property. The listing also specifies the listing brokerage contact information. The listing realtor should have photos, room sizes and descriptions to help the anonymous buyers out there who are surfing the internet to determine if the property could meet their needs. How many bedrooms are ...
Making the most of real estate listings
May 2, 2016
Tips for moving when you're older
March 21, 2016
CLICK HERE FOR VIDEO There comes a time when many of us get older and we’ll need to downsize. Some of the main reasons people choose to do so is to free up equity for living expenses as government payments may not be enough to live on. As we get older, a number of us will prefer to live in a smaller house. Others may be tired of tending to the needs of a house and might not have the money or ability to invest in the up-keep. Some people plan to travel when they get older ...
Pros and cons of buying a 'condo hotel' suite
February 29, 2016
CLICK HERE FOR VIDEO A condo hotel is a condo that operates legally as a hotel with a front desk and other hotel amenities. They are usually large high-rise luxury hotels operated by big name hoteliers. The hotels have condo units, allowing individual investors to own a full-service vacation home that offers amenities like spa, fitness, fine dining, business centre, housekeeping and more. Conceptually, when the owner is not using their own unit they may rent it out themselves or enter it into the hotel rental pool where it would be offered as a suite for short term rental ...
Other fees to watch out for when buying real estate
November 10, 2015
CLICK HERE FOR VIDEO There are various other fees that you should be aware of when you're buying a home. They can range from a simple transfer of property tax to the more mundane payment of realtors. Here are some tips on the ones that can affect your pocketbook. 1. Land Transfer Tax: Although the name suggests it is a tax on land, the truth is every province in Canada has a tax on purchases of real property including condos, houses and land. Toronto is the only municipality with a second land transfer tax (MLTT). This tax ...
How to deal with homes that don't sell
November 10, 2015
CLICK HERE FOR VIDEO Despite the best intentions of the owners, and their realtors, some houses can take ages to be sold. Here's a look at why your home or condo may be on the market for a while as well as some advice to combat that. Why don’t some homes sell? Well, of course, as a realtor I’m going to jump to the end and say it’s because of price, but that’s because I am assuming everything was done properly. I assume the house was prepared for sale, the marketing is up to snuff, the showing experience is ...
Power of Sale and Foreclosure
November 10, 2015
CLICK HERE FOR VIDEO Each process is a forced sale of real property, with Power of Sale being common in Ontario, Newfoundland, New Brunswick and PEI. The POS process is much faster, so its main advantage is the procedure does not get tied up in court. The homeowner retains title to the property, and also receives any surplus after the debts and costs are paid from proceeds. (However in some cases, dependent upon negotiations, if the proceeds from the sale are insufficient to cover the debt including expenses the creditor MAY be able to sue for the remaining ...
Renovations that could decrease the value of your home
August 25, 2015
Adapted from The Daryl King Team - www.darylking.ca Often, renovating can be a great way to increase the resale value of your home. While it may not always be possible to recoup the full cost of renovations, upgrades and improvements to your home can speed up the selling process and ultimately earn your property a higher price tag. And then of course, there’s also the added advantage of being able to enjoy the updated space yourself for a certain time if you renovate before putting it on the market. But in some cases, renovations can be disadvantageous. Not only ...
Real estate FAQs: Commonly-asked questions answered
July 17, 2015
CLICK HERE FOR VIDEO There seems to be a trend to paint over hardwood… is that what buyers are looking for now? No doubt, design trends can be a benefit and may help sell your home faster, but the average home should gear to the average buyer in order to drive the demand for the home. If your home is in an area where the avant-garde design trends are what buyers are searching for then by all means go for it. If you accomplish the look you may see an incredible amount of interest and break records with your ...
Buying a home pre-construction
June 3, 2015
CLICK HERE FOR VIDEO Buying a pre-construction house or condo can be great, especially if you like working with a blank slate. But there are some things to keep in mind: Expect to wait. Most projects take much longer than expected. You might have to wait two or three years between the date you sign your purchase agreement and the date you move in. If there are delays, you could wait even longer. Know your rights. Builders can extend the occupancy date and all they need to give you is some notice. If they don't give you notice, you ...
What home buyers are looking for: rooms to invest in
June 3, 2015
CLICK HERE FOR VIDEO Kitchen You will find many reports about the return of your money when you invest in a new kitchen, and those reports provide good guidelines. Since I deal with buyers every day I hear what they say, and for many people, a kitchen that has a serious WOW factor can make the deal. A high percentage of buyers that I work with mention the kitchen in their wish list. For some, it's simply a large kitchen, and for others it's an updated kitchen that they don't have to improve. Those are the expectations, but ...