Plain Real Estate: Be Prepared for a Lease Offer

  There are typically three types of paperwork that must be prepared by a tenant: 1) Proof of Employment; 2) Credit Check Report; and 3) Rental Application The deposit comes after (typically within 24 hours after your offer has been accepted) via certified cheque or bank draft. Being prepared with all the paperwork you need makes the process go smoother and in some cases, win or lose the lease if the rental property is popular. If you are really serious about putting in an offer, then have this ready. Great... Read The Rest →

My Two Cents: Why You Don’t Need an Agent

Why use an agent when you can sell it yourself? Here are the good and the bad on FSBOs (For Sale By Owners). According to NAR (National Association of Realtors): Over 50% of FSBO sales typically take place when the seller and buyer knows each other. Over 60% of FSBO’s end in selling 10% or more “below” the market value than if they had used an agent Over 65% of FSBO’s end in in some sort of litigation or legal dispute costing them more than expected savings of selling on their own Most FSBO’s take... Read The Rest →

My Two Cents: When will condo prices drop?

Whether you’re seriously looking into getting into the real estate market or simply at a party striking up conversation, the talk of whether condo prices will drop is becoming more prominent. It is generally agreed that Toronto’s housing market is currently a seller’s market. Homes are getting multiple offers left and right and though there are little dips here and there – minor speed bumps in the grand scheme of things – average prices have been in an upward trend for the last 60 years. A speed bump is likely... Read The Rest →

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