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David Schooley

August 9, 2019

Sold Signs & Embracing Change

Dear David, What is the acceptable number of days for a Real Estate “Sold” sign to be left on a property once the home has been […]
August 2, 2019

Errors in listing contract, Multi-stage retirement care

Dear David, What happens if a listing contract has been signed, but turns out to have errors?  Is that contract enforceable if the seller decides to […]
July 26, 2019

Retirement mortgage, How long does it take to sell?

Dear David, We’re in our sixties and want to downsize. Will the bank still give us a mortgage? – READY TO SIGN DEAR READY: The quick […]
July 19, 2019

No Pets Policy, Deposit Requested “Herewith”

Dear David, I’m looking for a condo, but want one with a no pet policy.  I’m finding that very few condo developments in this area are […]
July 12, 2019

Finding a bungalow, Closing date change on a new build

Dear David, I’m looking to downsize. Why is it so hard to find a bungalow? The only ones I’ve seen seem to be in older neighbourhoods […]
July 6, 2019

When to downsize, Open house tips

Dear David, We’ve lived in out home over 50 years and have recently had a couple of health scares. We feel like it might be time […]
June 29, 2019

Weekend showings, closing date change on a new build

Dear David, I’m a very social person and often host gatherings for friends. I’ve been trying to sell my house for a while and am tired […]
June 21, 2019

“Coming Soon”, Online classifieds

Dear David, A For Sale sign labelled “Coming Soon” was posted on a condo unit in my complex last week. A friend of mine was interested […]
June 15, 2019

High expectations, downsizing to a bungalow

Dear David, I’m trying to sell my home. I’ve had five or six lowball offers over the last two months, which is disappointing to say the […]
June 8, 2019

Ready to downsize? Mortgage penalty?

Dear David, We’ve lived in our home for almost 20 years. The kids have moved out. We’re not sure if we should consider downsizing as we […]
June 1, 2019

Deposit details, Leaving the family home

Dear David, We found a great house on the weekend and want to buy it, but they’re asking for a $20,000 deposit. How does that work? […]
May 25, 2019

Does a fence add value? Retrospective appraisal?

Dear David, I am wondering whether a fence adds to the value of a home?  – CURIOUS DEAR CURIOUS: The quick answer to your question is […]
May 18, 2019

“Freehold” Fees, Closing Costs?

Dear David, They said it was a freehold townhouse, and now we find out there’s a $90 fee every month. – SURPRISED DEAR SURPRISED: Quite often, […]
May 11, 2019

Rent Increase, Unsuccessful Buyers

Dear David, We own a rental property and just had a long-term tenant move out. Can we increase the rent? – LONELY LANDLORD DEAR LONELY: The […]
May 4, 2019

Electric Heat, Stuck in a Commercial Lease

Dear David, I have a townhouse with electric heat. I plan on selling it in five years. I’ve received a quote of $12,000 to install gas […]
April 27, 2019

Metal Roof, Bully Offer

Dear David, We are renovating the second floor of our home. We will be removing a mansard roof and replacing it with a regular roof. Should […]
April 20, 2019

Purple Bricks “commission-free” service

Dear David, “Purple Bricks” sounds too good to be true. What is the catch? – AS SEEN ON TV DEAR TV: Purple bricks is a UK-based […]
April 12, 2019

Private mortgage, Renting out a townhouse

Dear David, We don’t qualify to purchase as much as we did a year ago. Should we look at a private mortgage? – LOOKING FOR OPTIONS […]
April 5, 2019

Is a garage build worth it? How credit score affects home purchase

Dear David, We have an old shed/garage and want to build an oversized detached garage in its place. So far, quotes have been between $35-40 thousand! […]
March 30, 2019

Heritage home, First time buyers

Dear David, It’s my understanding that if you own a heritage home, you can’t change the outside but can do anything you want to the interior. […]
March 15, 2019

Assessed value vs. price, Seller’s old appliances

Dear David, I was at an open house listed at $500,000. In the listing, I noticed that the taxes on the property were based on a […]
March 8, 2019

Buying at auction, Firm offer

Dear David, We see quite a few homes going for auction. What are the advantages or disadvantages of going this route versus using a Realtor? – […]
March 1, 2019

Retirement village purchase, No offers on my listing

Dear David, Our home will be mortgage free in April and we seriously need to downsize. We have our eye on a retirement village where the […]
February 23, 2019

Buying mom’s house, a friend’s new real estate license

Dear David, Our family has precious memories of the family home. Now that Mom is going into a nursing home, I would like to buy the […]
February 16, 2019

Property tax, MPAC and selling to a developer

Dear David, I purchased a newly-built condo last year. I paid an occupancy fee to the builder before taking possession, which was supposed to cover the […]
February 8, 2019

“No commission” agents, Establishing value for probate

Dear David, I have been seeing a lot of commercials where a company advertises that there is “no commission” payable to a real estate agent. How […]
February 1, 2019

Selling a worn house, knob and tube wiring

Dear David, I’m not sure how are we ever going to sell our house. It’s looking worn but we don’t have the time or money for […]
January 26, 2019

Inspection affects selling price, Capital gains

Dear David, I sold my home at a price I that made me comfortable. There were some issues with the inspection, and now the buyer wants […]
January 19, 2019

Deposit not delivered, Clearing snow

Dear David, I thought my house was conditionally sold. The buyers and I signed a deal after some negotiation. The next day, their agent said they […]
December 21, 2018

Carpet vs. hardwood, Inspections for a rural property

Ask David...David Schooley, real estate Broker at Remax Twin City in Kitchener, answers questions about flooring options and common inspections for the sale of a rural property.