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RE/MAX Balloon

David Schooley

July 3, 2020

Can I bail on a deal? Fixtures vs. chattels

I bought a house with my longtime girlfriend. It’s supposed to close in six weeks. We just broke up, can we get out of this deal?
June 26, 2020

Winning at Multiple Offers

Dear David, We are first time buyers. We’ve been shopping for a while, and have made offers on three homes so far. We’ve been approved for […]
June 19, 2020

Buying with no financing condition, Moving in with adult kids

There are ways for buyers to hedge their bets and give themselves the best shot at receiving full approval once they find a home, even though the bank has the final word.
June 13, 2020

A Cautionary Tale

Social media strips away the level of protection that a Realtor offers. It's a tool -- not a negotiating strategy.
June 5, 2020
hand holding a paintbrush, painting finish on a wooden plank.

Trusting seller’s inspection, Pandemic moving plans

Inspection reports have inherent limitations. Inspectors can’t see through walls and must rely on exterior clues to reach their conclusions.
May 27, 2020

How is Waterloo Region real estate holding up in the pandemic?

In Waterloo Region, those with imminent housing needs may find that a “socially distanced” marketplace can be a good thing.
May 22, 2020

Discount for a dated kitchen?

Don’t be surprised when a seller bristles at the thought of subsidizing your dream kitchen.
May 15, 2020

Is our real estate bubble bursting?

Of the homes being sold right now, a larger proportion are in the affordable ranges, primarily because of who is moving.
May 7, 2020

Did my kids overpay for their house?

If you’re not currently active in the real estate market and keeping up with prices on a day-to-day basis, it’s understandable that the cost of the house may seem inflated compared to what you paid for your own.
April 29, 2020

Can a buyer bail because of COVID-19?

As an essential service, the real estate industry has responded quickly to address concerns brought on by the COVID-19 crisis.
April 27, 2020

Should I list during lockdown?

Dear David, We’ve heard that real estate is an essential service. If we planned on moving this year, should we get our house on the market […]
April 17, 2020

COVID-19 delays, Radon

Dear David, We’re building a new house. It’s supposed to close at the beginning of September. How do you think COVID-19 will affect our closing date? […]
April 10, 2020

Closing in a pandemic, moving to a smaller town

Dear David, I bought a house just before the outbreak and need to close in two months. Now what? – MID-MOVE DEAR MID-MOVE: Our industry is […]
April 3, 2020

Buying with a friend, Mortgage is paid off

Dear David, My friend and I want to buy a house together 50/50. I have a larger part of the down payment, but his income is […]
March 27, 2020

Historic designation, retirement affordability

Dear David, I’ve fallen in love with a century home in Kitchener. I don’t think it has an historic designation, but how do I find out […]
March 18, 2020

Retiring with parents, Fixing furnace before closing

Dear David, We’re building a retirement bungalow in our hometown. It’s 1600 square feet with a finished basement, so we’ll have lots of room. I want […]
March 13, 2020

Land lease vs. Life lease, Offer two deposits?

Dear David, What’s the difference between a “land lease” and a “life lease”? – LEASED OF MY WORRIES DEAR LEASED: In a typical freehold home purchase, […]
March 6, 2020

Stuck beside a run down semi, Secondary suites

Dear David, We own a semi in a modest neighbourhood. My husband wants to jazz it up with a concrete drive, new kitchen, new bathroom and […]
February 28, 2020

Parents co-sign mortgage, Replacing old carpet

Dear David, We are five years from retirement and our house is paid for. Our son just asked us to co-sign a loan so he can […]
February 21, 2020

Help for First time Buyers, Selling a rural property

Dear David, We’re ready to start looking for our first home. We want to purchase in next 3 to 6 months. We have a 5 percent […]
January 31, 2020

Reduce carbon footprint, let your Realtor negotiate

Dear David, Can you recommend ways that can effectively reduce the carbon footprint in homes without breaking the bank or reducing home equity? – GREEN PENSIONER […]
January 24, 2020

Multiple Lawyers? Are pre-move renovations worth it?

Dear David, We retired last year. We want to re-locate across the province to be closer to our grandkids. When the time comes, is it possible […]
January 17, 2020

Countertop investment, Power of Attorney

Dear David, We’ve recently repainted our kitchen cabinets and would like to update the countertops. Quartz looks nice, but is it really worth the investment? – […]
January 10, 2020

Avoiding scams, need partner’s permission to sell?

Dear David, This isn’t directly related to real estate, but you talk a lot about senior’s issues and I wonder if you can help. My parents […]
December 21, 2019

Does staging matter, odours in the home

Dear David, Some open houses look like model homes and some don’t. They all seem to sell, does the presentation make much difference? – SKEPTICAL DEAR […]
December 14, 2019

Staging a parent’s home, renting out my house

December 6, 2019

Choosing a house, managing outdoor maintenance

Dear David, We’ve seen almost 40 houses and are struggling to choose one. Help! – FROZEN DEAR FROZEN: This sounds to me like a “failure to […]
November 29, 2019

Selling with UFFI, Busy street

Dear David, We bought our home 25 years ago and were aware that it had UFFI. Do you think this will affect our ability to sell? […]
November 22, 2019

Putting child on title, Replacing basement windows

Dear David, Should I put my son on title to make it easier when I’m gone? – CONTEMPLATING DEAR CONTEMPLATING: The quick answer is no. If […]
November 15, 2019

Help with packing, Appraisal vs. CMA

Dear David, I recently sold my two-storey home and purchased a retirement condo. I’m excited about moving in, but concerned about packing. After 20 years in […]