ADDITIONAL COSTS WHEN BUYING A HOME

The purchase price of your home is only one of the costs you'll encounter. Here are other possible costs you need to consider:   Mortgage loan insurance: If you are putting less than 20 per cent of the house value down, you're going to need mortgage loan insurance....

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Over Rated Home Features

When I do an open house or put a house up for sale, I always get a few questions about features that I always say, why do you want that. Here they are: 1. Central Vacuum: Why do you want to lug around a snake and try to clean the house? Its simple, its called Dyson....

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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...

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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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Reasons Why Top Agents Always Get Top Dollar

Have you ever thought about something, then saw an advertisement, and caught yourself changing the way you think about something and then going after it to buy it. I'll give you an example, we used to think of Japanese cars as a cheap imports. American cars were the...

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How To Avoid the Buyers Blues

Buying a house in a tough market like Toronto can be very emotional draining. There are many obstacles to overcome such as bidding wars, no inspection clauses, no finance clauses, and being unsure of so many factors. In a crazy market, it is best to find your house...

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5 Ways to Lose Money While Selling Your House

There are many ways to increase value when thinking about selling your home. A lot of people might get impatient and just put their house on the market as is, and that is a big mistake in this market. I hear all the time that people say that it doesn't matter that...

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No Area Is Safe From Bidding Wars

Bidding wars for the past few years have been exclusive to Toronto and some hot neighbourhoods in the GTA. Well if you've been looking for a house lately in Ontario, you will know that it is crazy out there. I personally have been inching further and further away with...

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Your Information May Be Public Soon

It is not clear what or how information will be distributed in the future, but one thing that is going to be true soon, your information is going to be public soon.    A ruling has been passed that the Toronto Real Estate board practices are anti-competitive with...

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Is Our Market Indestructible?

Look up, its a bird, its a plane, No.. its not superman, its our Real Estate Market! Almost everyday I speak to somebody regarding the Real Estate market in the GTA crashing. Everybody says to me, wow, I can't believe that house sold for 200% over asking. I started my...

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Selling Your Home In the Winter

Sure, there are fewer buyers and the skies are gloomy. So warm and brighten up the place; make it look like a refuge from the weather. What makes selling a home more stressful? Selling it in the middle of winter. The lawn is brown, the weather is usually bad and,...

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Family Pictures…Take Them Down!

The first thing I do when I go look at a prospective house to sell is to look at the walls. I look for family pictures that I will be telling my prospective clients to take down. Some people put up wedding pictures, baby pictures, and family pictures of deceased...

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How to Avoid Buyers Remorse

Scenarios that Bring on Buyers Remorse Remorse sometimes kicks in after we start talking to others about the new house. Discussions with family and friends. They usually mean well, but it's not uncommon for family and friends to question your choice and what you paid...

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Too Many Showings Can Be a Waste of Time

When you list your house you obviously want agents and people to be coming to your house to see it. While the first weeks are very important for traffic, too much traffic in your house with no offers can be a sign that your agent is misrepresenting your house in the...

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Tips for Investing in Condos?

I have been receiving a lot inquires in the past few weeks regarding investing in condos. Both have been from condos either downtown, or in the Mississauga area. I thought I would share some tips to help you if you were considering investing in a condo. 1) If possible...

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Learning to Love a New House

There are going to be an abundant of new home owners this February. With all of the mortgage laws changing, there are many people who will not qualify after the changes therefore will buy a new home before the rules change. Moving is said to be a stressful time...

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Now Is The Best Time To Sell Your House

Everybody tell you that you shouldn't sell your house in the winter. This is not true. Forget what people are telling you and most agents and people have it wrong. It is true that snow discourages people from buying a house, but if you look at the market right now you...

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Is Real Estate Investing For You?

I have clients and friends who approach me regarding investing in Real Estate daily. There are many types of Real Estate Investing from REIT's, commercial properties, industrial properties and of course basic residential properties. I am approached about residential...

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Keeping The Value of Your House

In my Real Estate adventures I have learned a few things: one thing that a lot of homeowners do not realize is that to keep the depreciation on your house at par, you must continually keep your house up to date and renovated. This is not a subjective, it is just the...

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360 Degree Video Will Change Video Tours

The biggest thing which I believe will hit the Real Estate market in the next couple of years is 360 degree video. Youtube is already hosting videos and a bunch of cameras came out at CES conference and some are already on the market. Basically this is an extension of...

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SELLING YOUR HOME IN WINTER

Sure, there are fewer buyers and the skies are gloomy. So warm and brighten up the place; make it look like a refuge from the weather.What makes selling a home more stressful? Selling it in the middle of winter. The lawn is brown, the weather is usually bad and,...

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Adding Value To Your House.

From my experience as a Real Estate agent, buyers look at some basic things right away. Obviously each couple and each situation is different but I notice a few similarities between buyers. Some of the similarities are: 1. Washrooms, bathrooms: People look to see...

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Signs Are the Gateway To Selling Your House

For some reason I've noticed that sellers do not want to put for sale signs on their property. I get that it is a hassle telling your neighbours that you are moving, or maybe a little embarrassing to explain that you are leaving for such and such reason, but it is the...

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No Land Transfer Tax

People outside of Toronto can breath a sigh of relief. There will be no municipal land transfer tax added to the already ridiculous provincial land transfer tax already in effect. Municipal Affairs Minister Ted McMeekin announced the Liberal government would not allow...

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Asking Questions is the Key To Open Houses

Many agents and people think open houses are just about opening the door and letting people in the house. For many agents that is the case because they don't have a sales instinct in their bones. The key to open houses are questions. When somebody comes to the door, I...

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When Not To Use A Drone?

The use of drone footage has also become very common place since the units themselves have become more sophisticated, while prices have dropped significantly to under $1000 for a decent unit. Using drones for Real Estate Videos and Photography is pretty tricky. Most...

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New Regional MLS System Implemented

There are two MLS systems that matter in South Ontario, TREB MLS or Toronto Real Estate Board and the new Regional MLS system. There used to be many board MLS systems such as Oakville, and Hamilton. Now a bunch of boards decided to get together and share information...

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Working With Seniors

Are you parents selling their house? Or is there an emergency in the family? After taking the ASA (Accredited Senior Association) Course and selling numerous Seniors homes this past year, I've learned a lot. If your parents are seniors, you might not even look at them...

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Interests Rates Are Going Down, What’s Next?

Unless you've been stuck in an igloo for the last week, you should know that the bank of Canada cut their lending rate down by .75% a few weeks ago. This means that the banks cut their lending rates, and it looks like the rates are going to go down again. Initially...

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Final Offer? Maybe Not!

Negotiating is a delicate process. There are always emotions that get into the equation. Of course there are emotions, its a big ticket item and a house usually has a lot of memories either good or bad in it. A Real Estate agent is really a mediator between a...

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GET OUT OF YOUR HOUSE NOW!

  Your House is for sale, and you have a showing coming. You ask your agent if you could stay? You are curious to see what they say; who is looking at your place; Do they like it? The agent says nervously, sure you could be home. WRONG. The agent is just saying this...

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What’s a Condo Status Certificate?

    Something that can make or break a deal after its done is a condos status certificate. It is a document that is paid for by the condo owner at the buyers request, that will give the buyer a snapshot of what the financials and condition of the condo is in. This is...

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Banks & Brokers Who Kill Deals

  When Your buying a house the first thing you need to do is assemble your team. Whether that be from a referral from your agent or people that you already deal with, you must do this task. The problem is when one of those team members are a weak link. Whether it be...

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How to Be A Real Estate Bully

Real Estate negotiations are a lot like playing poker. The more chips you have the more power you have in the game. You can bluff and you can go all in whenever you want. The Same thing applies to negotiating in anything, but in particular in Real Estate. When you are...

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If Your House Doesn’t Close, What Happens?

    People have this notion that if the party that bought your house doesn't close on the closing date, you win a million dollars and they go to jail. That is simply not true. I was recently speaking to a Real Estate lawyer and what came out of my hour long...

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NEW! REAL ESTATE TECHNOLOGY

  Typically Real Estate is an industry that is always going to be about the tried and tested methods of selling. Great Salespeople, with rolodex's will always be a major factor in selling a property. Being a Great Negotiator and salesperson will never go away. While...

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Jimmy The Renovator: Lower Your Bills

  This method will take some investment on the homeowner but in the long run it will pay off. 1. High Efficiency Furnace: Get the latest furnace to hit the market. The newest ones are really great at driving cost down. 2. Windows & Doors: Get the latest high effic...

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Setting Your House Apart

The days of posting your listing on mls and praying for full price are over. While there are still many agents that are still only doing that, those are the basics and your commission dollars deserve more. In many cases you have a lot of competition in your community....

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Remove Family Pictures Now!

  Every time I sell a house, I get disgruntled owners who want to keep their family pictures up. Its as almost when I say that they must come down that I'm invading their lives and making those people in the pictures go away. I've gotten a lot of resistance from...

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The Market Is Not Slowing Down Sorry!

Since I started selling Real Estate, I always hear from people wanting to buy or sell, I'm waiting for the market to go down. If you live in Toronto, Vancouver or Alberta, you are going to have to pay more money to get a house or property. What's Driving this market?...

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Santa Could Lose Money for You!

Now that Thanksgiving is over and Christmas is on its way, we are in the last quarter to sell your house for the year. This is usually a busy final months, period then it slows down. While there are still properties for sale close to Christmas and the new year,...

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You want to Use the Old Photos? Really?

I hear horror stories about how agents will just use the old photos from MLS. Its the laziest thing an agent can do. Even to take a picture with your iPhone would be better resolution than old photos from MLS. Its crazy to think that an agent in this day and age will...

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Is Quartz the New Granite?

I was recently representing a condo buy for one of my clients, and to my astonishment they told me that the quartz in the model is an upgrade, and that granite comes with the condo. I was so perplexed because last year when I put granite in my kitchen, the granite was...

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Is Staging Worth The Money?

Most Agent will always say you should stage your house. I agree. If you call cleaning up and making your house as presentable as possible. I disagree if you think that you must spend thousands upon thousands of dollars to bring in new furniture and redo you're whole...

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Investing In Real Estate? How to Get In!

Investing in Real Estate is a multi faceted industry. There are companies that will do it for you, there are agents that will invest and take a cut. There are seminars, you could spend years researching the market and waiting. The best advice that I've gathered is to...

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Should You Buy a Cottage?

We are getting to the heart of the summer months now The question is should you buy a cottage, or rent one out? There are many pros and cons to this. Lets say for instance you buy a cottage for $200-300000. If you calculate the mortgage over 25 years, add interest,...

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