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David Schooley

July 24, 2021

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
tiny house interior

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
piggy bank smashed as homes sold over asking

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
person holding credit card

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.
March 19, 2021

What happens when a tenant-in-common passes away?

At this point, your dad will need to decide what the next chapter of his life will look like. First and foremost, he’ll want to consider whether owning this home still makes sense.
March 5, 2021

Neighbour’s basement apartment

Is the existence of the rental unit your main concern, or is it the tenant who is “hanging out” between your houses?
February 26, 2021

Can I fund my retirement by selling in a hot market?

As a Seniors Real Estate Specialist (SRES), I’m seeing more clients choose to leave the city for cottage-type communities where boat docks and fishing spots are minutes from home.
February 19, 2021

Why did a buyer need to pay their agent’s commission?

No buyer’s agent wants to ask their client to pay a fee that the seller usually covers.
February 12, 2021

Why are there so few houses for sale right now?

Our local real estate market is a lot like a near-empty shelf of Cottonelle.
January 29, 2021

Should we buy a fixer-upper?

You may not be able to afford a ready-made version of the house you want right now, but adding the components over time can get you there eventually.
January 22, 2021

What goes into an offer?

In reviewing thousands of offers, I often see agents who could protect their clients to a higher degree with just a few extra words.
January 15, 2021

Vacant Land Condo vs. POTL

When a vacant land condo complex is complete, it looks pretty much like a regular subdivision.
January 8, 2021

How do I spot a scam rental listing?

Cheap rent in a great neighbourhood can be a sign that something is amiss.
December 18, 2020

Steep competition can result in wildly different offers

We’re currently experiencing a heavily skewed seller’s market, which means there’s a shortage of listings and more potential buyers than homes.
December 11, 2020

Choosing an agent early in your home search

It’s essential for buyers to seek professional advice early on, if they are to navigate their home search effectively.
December 4, 2020

Why are MPAC assessed values so different from market values?

MPAC valuations are, at best, a single snapshot within a four-year assessment cycle.