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RE/MAX Balloon
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.
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 22, 2020

Discount for a dated kitchen?

Don’t be surprised when a seller bristles at the thought of subsidizing your dream kitchen.
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.
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 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 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 […]
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?
July 10, 2020

What’s an escape clause? Final walk-through denied

We have an offer on our home that’s conditional upon financing for 10 days. Can we accept another offer in the meantime?
July 18, 2020

Deal fell apart because of UFFI, can we sue?

In my last 16 years of real estate practice, I’ve never had a house with UFFI whose test readings weren’t close to nil. Despite a lack of evidence to support the notion that UFFI is problematic, there remains a pre-printed section of the Agreement of Purchase and Sale that speaks specifically to whether or not a house has UFFI.
August 1, 2020

Financing turned down, Status for a POTL?

If you haven’t moved in the last few decades, you may be surprised by current financing procedures.
August 7, 2020

Still on lease after breakup, Selling a vacant duplex

I’m not sure what paperwork your daughter and her ex had to sign, but if it was a one-year lease two years ago, the term is up and she no longer has any obligation.
August 14, 2020

Open Houses during Stage-3 reopening

Many homeowners and Realtors, myself included, are not comfortable with the idea of scheduling open houses yet.
August 21, 2020

Low rates & high prices, selling during divorce

In the last fifty years of sales data, there have been only a few months here and there in which average sale prices have declined, and they’ve always recovered quickly.
September 3, 2020

Is a “free market evaluation” the same as an appraisal?

Market evaluations are subjective. As such, they can be vastly different. If an evaluation sounds too good to be true, make sure the Realtor can back up their numbers.
September 25, 2020

Importance of a separation agreement, Rising deposits

It’s common for divorcing couples to assume the equity in their matrimonial home will be split 50/50, but the division of assets can be complicated.
October 2, 2020

Fall Open Houses, Keeping buyers & sellers apart

Open houses are permitted in Phase 3, but OREA recommends they only be used as a last resort.
October 9, 2020

COVID Mortgage deferral is ending, I’m not back to work

COVID-19 measures have left many homeowners unemployed or reduced their hours to a point where they worry about making mortgage payments.
October 16, 2020

Agent won’t present our bully offer

If offers are being held on a property, a buyer may try to side-step a potential bidding war by submitting a bully offer.
October 30, 2020

Why the highest offer could still lose a bidding war

One of the biggest challenges that buyers face is getting their financing approved.
November 12, 2020

Why some houses get more offers, is your agent avoiding Purple Bricks listings?

A listing that feels overpriced may see fewer offers and represent the “less competitive” buying opportunity you’ve been waiting for.
November 20, 2020

How do I choose a listing price for my rental property?

From a valuation perspective, your listing price needs to target the range between what the property is earning today and its full earning potential.
November 27, 2020

How do we improve our credit score?

Credit scores are critical, as lenders use them to help gauge the creditworthiness of mortgage applicants.
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.
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.
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 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.
February 19, 2021

Why did a seller 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.