Jimmy The Renovator: I Want a Good Cheap Contractor

Jimmy The Renovator: I Want a Good Cheap Contractor

Forget the title. It doesn’t exist. I don’t want to pay a lot when a renovation job needs to be done.

I come from a construction background and the do it yourself mentality is in full effect in my family. I also know that a lot of contractors rip off their clients and like the Real Estate Agent industry has gotten a bad name over time.

So when a job needs to be done, how do you find a cheap contractor to perform the task at hand?

The answer is you really don’t.

The reason why is that like the housing industry with houses, there is not enough contractors to fulfill the need of all of the people that are trying to do work. People buy a house and most houses need some sort of renovation, so a contractor is needed. The problem is, there are thousands of people that need that as well. The demand is so high that the prices of good contractors is sky high as well. If you are good at what you do, you can charge more money and people will pay.

The problem now is that people don’t really know who is good and who is bad, unless they come from a referral, so what happens is that the bad gets lumped in with the good. I also notice that good contractors overbook themselves because they get greedy from all of the potential and can’t deliver on their promises as well. This is where the good starts to get bad. Its a vicious cycle.

So sometimes the best option is the do it yourself if at all its possible. Depending on the job you might be able to do a good job and learn how to do a craft, but honestly, the best thing is to do your research, get some referrals, and hire a good contractor and drop the hay.

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Uber is Not Like Real Estate!

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Transit Solutions Would Help Lower GTA Prices

One thing that can truly help lower GTA prices are some major transit solutions. It is apparent that the GTA market and all of the surrounding areas have gone buck wild in the past few years, and especially in the last few months. So many sales records have been...

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Why You Should be Underpricing Your House For Sale?

Its all about quantity and impression.When people are buying a house, they get into some-what of a HEAT! Underpricing Your House drives that heath up. I would call it a hunter gatherer mind set. Buyers are constantly on the hunt, and one thing that I've noticed is...

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Would You Go Into a Court Without a Lawyer?

Buying a house and using the listing agent is like going into court without a lawyer to represent you. Each and every time I have a listing, I have somebody calling me asking me "what's the price if I don't have an agent and buys directly though me?" I always want to...

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Liberals Are Going to Tank This Market!

What is the one thing the liberals are looking for right now? Votes and money. The way that they will try to get both is to try and capitalize on this hot real estate market.    The middle & lower class does not like the fact that they cannot afford any real estate at...

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Tesla’s Solar Roof Powered Shingles

Solar roof panels are the ugliest feature to attach to your house. I tried to sell a house once with solar panels and nobody wanted to even think about it. The panels were bulky and ugly, and the technology to save the power to batteries was messy and confusing.   ...

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The Risk of Waiving a Home Inspection

If you put an offer on a house that goes into multiple offers, chances are you must waive two conditions: home inspection, and financing. We will deal with financing next week, but for now lets talk about the home inspection clause. In the 80's there was no such thing...

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The Banks Are To Blame For Our “Housing Bubble”

The banks are to Blame for Our Housing bubble. No Really, there is no one else to blame. You could throw the government in there too but mostly the banks. You can blame Realtors for driving up market price. You can blame Owners for jumping on the band wagon and...

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I’m waiting for the market to slow down…

I’m waiting for the market to slow down…

Since I’ve started selling Real Estate about a decade ago I’ve heard those words a million times, yes, that’s right. A million. I heard that from my clients and people stopping me on the street to talk about real estate. I heard it in the bathroom, I hear it in the elevator, I hear experts saying to wait.

I live in Toronto, and I’ve got news for you, its not dropping. Not anytime soon anyway.

If you look at statistics the market goes up and down, so the market technically might slow down a bit or the powers that be might implement a new rule that will stagnate the market a bit, but if you live in the GTA, the market is not dropping and this is why:

1. Too many foreign buyers
2. Vancouver potential foreign buyers are coming to GTA now
3. Low interest rates
4. Healthy Economy
5. No Inventory
6. Prices are cheap compared to other countries
7. Low Dollar
8. Low unemployment
9. Huge Population/Huge Demand
10. Easy to Get a Mortgage

While there are more factors that are involved and other factors that can slow down the growth and prices, these are pretty attractive factors that have been driving this market on an upward scale since 2008.

Now if you are outside of the GTA about an hour to 2 hours away, you are probably not seeing the same time of growth that Torontonians are seeing. That all makes sense. There isn’t enough population in your town to drive the prices up. Not enough people to bid on your house, and probably lots of land to just buy it and build your own house on. Its all about supply and demand, and right now, for people who live in Toronto and around, there is a lot of demand and not enough supply, and its too easy to afford those prices as well.

READ RECENT BLOG & ARTICLE POSTS BELOW

Uber is Not Like Real Estate!

I read articles all the time written by Real Estate agents who are trying to convince themselves that we are in a good business to be in, and that it is necessary to use an agent for every transaction. In Toronto, put up a sign and your property will be sold by the...

read more

Transit Solutions Would Help Lower GTA Prices

One thing that can truly help lower GTA prices are some major transit solutions. It is apparent that the GTA market and all of the surrounding areas have gone buck wild in the past few years, and especially in the last few months. So many sales records have been...

read more

Why You Should be Underpricing Your House For Sale?

Its all about quantity and impression.When people are buying a house, they get into some-what of a HEAT! Underpricing Your House drives that heath up. I would call it a hunter gatherer mind set. Buyers are constantly on the hunt, and one thing that I've noticed is...

read more

Would You Go Into a Court Without a Lawyer?

Buying a house and using the listing agent is like going into court without a lawyer to represent you. Each and every time I have a listing, I have somebody calling me asking me "what's the price if I don't have an agent and buys directly though me?" I always want to...

read more

Liberals Are Going to Tank This Market!

What is the one thing the liberals are looking for right now? Votes and money. The way that they will try to get both is to try and capitalize on this hot real estate market.    The middle & lower class does not like the fact that they cannot afford any real estate at...

read more

Tesla’s Solar Roof Powered Shingles

Solar roof panels are the ugliest feature to attach to your house. I tried to sell a house once with solar panels and nobody wanted to even think about it. The panels were bulky and ugly, and the technology to save the power to batteries was messy and confusing.   ...

read more

The Risk of Waiving a Home Inspection

If you put an offer on a house that goes into multiple offers, chances are you must waive two conditions: home inspection, and financing. We will deal with financing next week, but for now lets talk about the home inspection clause. In the 80's there was no such thing...

read more

The Banks Are To Blame For Our “Housing Bubble”

The banks are to Blame for Our Housing bubble. No Really, there is no one else to blame. You could throw the government in there too but mostly the banks. You can blame Realtors for driving up market price. You can blame Owners for jumping on the band wagon and...

read more

Student Tips for Finding a Place

Student Tips for Finding a Place

If you are a student going to college or University this fall then you must be looking for a place to stay close to your school of choice.

Its not easy to find something that has all of the things you want in a rental room or condo. You may also find that it is difficult to navigate without a full time job and proof of the income you may have to pay for the unit which you want to rent.

There are many obstacles to over come, but you must realize that you are not the only one in this situation, there are thousands upon thousands of students who are looking for units at the same time. Here are a few tips to finding the place you want to stay at.

1. Start Early: The early you start to look for a place the better. Do not wait until the last minute to start looking for a place to rent for the year.

2. Get your financials out of the way. The main thing a landlord wants to see is a guarantee that their rent will be paid. If you have a loan, a scholarship, grand or money coming from somewhere, be able to show and prove that. Get a parent or a co-signer before you start looking, or you may have to pay a few months in advance.

3. Talk to property managers, get to know them, ask them if there is any vacancies or people that didn’t follow through on their leases. Basically become their friends and beg them to help you if they have a vacancy.

4. Talk to A real estate agent who specializes in Student rentals, and the area where you are looking. They may have resources to help you get into a building and a condo.

5. Have Proof of your program and accomplishments. Some landlords will want to know what program you are in and that you are actually a student. They might relax their rules a little bit and take you on as a tenant.

6. Pay up front. Above all else, pay a few months up front if you can. This may be the only way to secure your place and assure the landlord that you will pay your rent and be a good tenant.

READ RECENT BLOG & ARTICLE POSTS BELOW

Student Tips for Finding a Place

If you are a student going to college or University this fall then you must be looking for a place to stay close to your school of choice. Its not easy to find something that has all of the things you want in a rental room or condo. You may also find that it is...

read more

Will Toronto Prices Get Insane with Vancouver’s 15% Foreign Sales Tax?

Will Toronto Prices Get Insane with Vancouver’s 15% Foreign Sales Tax?

Unless you’ve been under a rock for the past few months, you will know that Vancouver has introduced a 15% Sales Tax to foreign investors buying property. There are so many things I can talk about regarding this development. I see this as another quick money grab for the government and corruption among politicians, but I’m going to save my rant for another day.

The question investors and home owners in Toronto want to know is, what will this do to prices in Toronto?

So here goes my predictions for what will transpire over the next few months in Canada.

1. Prices will drop dramatically for a few months in Vancouver, then finally rebound after a few more months.

2. Toronto Prices will go up significantly more in the coming months that this tax is introduced.

3. Toronto will copy this model of tax to cool the market here after a 6-12 period. First they will wait to see what this experiment will do to the Vancouver market.

4. This is already happening, but investors will drop their deposits and investments because of the tax.

5. Vancouver will drop the tax to a more reasonable rate after a while of stunted growth.

While I believe that the tax will hurt the Vancouver market, investors will start to find loop holes after a while and this tax will not be a big deal, like the Toronto Land Transfer tax.

READ RECENT BLOG & ARTICLE POSTS BELOW

Uber is Not Like Real Estate!

I read articles all the time written by Real Estate agents who are trying to convince themselves that we are in a good business to be in, and that it is necessary to use an agent for every transaction. In Toronto, put up a sign and your property will be sold by the...

read more

Transit Solutions Would Help Lower GTA Prices

One thing that can truly help lower GTA prices are some major transit solutions. It is apparent that the GTA market and all of the surrounding areas have gone buck wild in the past few years, and especially in the last few months. So many sales records have been...

read more

Why You Should be Underpricing Your House For Sale?

Its all about quantity and impression.When people are buying a house, they get into some-what of a HEAT! Underpricing Your House drives that heath up. I would call it a hunter gatherer mind set. Buyers are constantly on the hunt, and one thing that I've noticed is...

read more

Would You Go Into a Court Without a Lawyer?

Buying a house and using the listing agent is like going into court without a lawyer to represent you. Each and every time I have a listing, I have somebody calling me asking me "what's the price if I don't have an agent and buys directly though me?" I always want to...

read more

Liberals Are Going to Tank This Market!

What is the one thing the liberals are looking for right now? Votes and money. The way that they will try to get both is to try and capitalize on this hot real estate market.    The middle & lower class does not like the fact that they cannot afford any real estate at...

read more

Tesla’s Solar Roof Powered Shingles

Solar roof panels are the ugliest feature to attach to your house. I tried to sell a house once with solar panels and nobody wanted to even think about it. The panels were bulky and ugly, and the technology to save the power to batteries was messy and confusing.   ...

read more

The Risk of Waiving a Home Inspection

If you put an offer on a house that goes into multiple offers, chances are you must waive two conditions: home inspection, and financing. We will deal with financing next week, but for now lets talk about the home inspection clause. In the 80's there was no such thing...

read more

The Banks Are To Blame For Our “Housing Bubble”

The banks are to Blame for Our Housing bubble. No Really, there is no one else to blame. You could throw the government in there too but mostly the banks. You can blame Realtors for driving up market price. You can blame Owners for jumping on the band wagon and...

read more

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