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David Schooley

October 14, 2021

What if there are no offers? Should I time my listing around the holidays?

Dear David: Our house has been on the market for a few days. Offers are set for the end of the week. We’ve only had two […]
October 6, 2021

How long does interim occupancy take?

Dear David: We bought a brand-new freehold townhouse and have received interim occupancy. How long does it usually take for this type of unit to reach […]
September 30, 2021

Busy agents, When will the bidding wars stop?

Dear David: I’m interviewing a few real estate agents. Some of them sound very busy. How do I know they’ll have enough time to take care […]
September 22, 2021

Have seniors avoided moving during lockdown?

Dear David: Have seniors been putting off moving during the pandemic? – SHELTERED SENIOR DEAR SHELTERED: No matter what their age, real estate buyers and sellers […]
September 16, 2021

How do I start flipping houses?

Dear David, I bought my home in early 2020. It has appreciated since then and I would like to sell. I’m not sure if this is […]
September 8, 2021

Can our kids’ down payment go on our mortgage?

Dear David: We are empty nesters. We own a big house and have about a million dollars’ worth of equity in it. Our two children are […]
September 1, 2021

Am I responsible for condo insurance?

Dear David: My wife and I are moving into a condo for the first time and are wondering about condo insurance. Our insurance agent needs to […]
August 25, 2021

Do I need a guaranteed sale program?

Dear David: I’ve been watching the real estate market for the last several months and thinking about moving. A few local agents are advertising a guaranteed […]
August 19, 2021

Can an investment property fund your retirement?

Dear David: We own an investment property townhouse that we’ve been renting out for 15 years. We’re thinking of selling, as the current value is high […]
August 14, 2021

How do you protect your home during showings?

Dear David: We’ve lived in our house for 20 years. We are seniors now, and ready to downsize. Last time we sold a house, the process […]
August 6, 2021

How much real estate commission should I pay?

Dear David: What is the normal real estate commission charge for selling a home? I noticed a Toronto real estate agent who was offering to sell […]
July 30, 2021

Can I ask for an extra walk through?

Dear David: My parents are coming into town, and we want to show them the house we just bought. Our agreement says we only get one […]
July 24, 2021
Spray Foam installation

My home has UFFI, what should I do?

Dear David: We built our home in 1971. A few years later, we had urea formaldehyde foam insulation (UFFI) installed through a government program. I have […]
July 15, 2021
Jar of coins labelled house fund

What makes house prices jump by $100,000?

DEAR DAVID: I keep a close eye on house prices in my neighbourhood and have recently noticed a trend I am curious about. One home was […]
July 9, 2021
Interior tiny home

Should you consider building a tiny home?

DEAR DAVID: We are excited to hear that tiny homes are now permitted in Kitchener, Ontario. We would like to build a residence for my Dad. […]
July 2, 2021
Broken Piggy Bank

Clever marketing makes it look like home sold over asking

DEAR DAVID: We’ve heard some crazy stuff about selling prices these days. Some homes are selling for $50,000 over asking price and some for as much […]
June 25, 2021
Credit Card payment

When mortgage payments are too much

Dear David: Our mortgage payments are killing us. Our home is worth about $500 thousand, we currently have a $100 thousand mortgage and another $100 thousand […]
June 18, 2021

Frustrated with blind bidding in multiple offers

Dear David, We’ve come close to winning a few multiple offers but haven’t been able to buy a house yet. I hate that we don’t know […]
June 11, 2021

Beware of “We Buy Homes for Cash” letters

Dear David, I got a letter in the mail from someone offering to buy my house for cash. It sounds like a convenient way to sell, […]
June 4, 2021

Prepare for a move after 40 years

Dear David: We would like to downsize in the next six months. We haven’t sold a house in 40 years, how do we prepare for a […]
May 28, 2021

CMA (Comparable Market Analysis)…how useful is it?

CMAs tend to be as subjective as the person who provides them, so to get the most out of your “freebie”, you’ll need to choose your agent carefully.
May 21, 2021

Buyers are complaining, pricing too low

When buyers are complaining, your reaction should be governed by what it says in the purchase agreement.
May 14, 2021

A sump pump primer

A sump pump is designed to keep your basement dry by draining groundwater away from your home.
May 7, 2021

What can I do about termites?

Termites live in large colonies, but because they dig and move frequently, tend to go unnoticed until they do damage.
April 30, 2021

Does a hidden dog fence have to stay with the house?

Fixtures and chattels have enormous potential to become a source of friction between buyers and sellers.
April 23, 2021

Does a young adult need a will?

Should you pass away without a will, the province of Ontario has the power to decide how your assets will be dispersed and can settle your estate according to its own rules.
April 16, 2021

Finding an agent, Helping grown kids get into the market

The Buyer Representation Agreement is like having a matchmaking service for your property search.
April 9, 2021

“Tenants in common” ownership in a will, our appraisal came up short

The cottage may be grouped with other assets in your estate and funnelled down through your spouse or other beneficiaries.
April 1, 2021

Are listings taking longer to sell this spring?

Buyer demand has been outpacing supply for years, and a normal drop in listings over the winter only amplified the problem.
March 26, 2021

How much should we spend over asking price?

To help my clients decide what to spend, I take market conditions into account by essentially performing a mini appraisal on the property before they submit an offer.