Steven Maislin's blog
In too many offers we write in that a buyer is entitled to 2 or 3 visits and leave it at that, the subject of course to proper notification to the seller to coordinate the time and date. And this is wrong as it is not enough. Can this essential clause come back to blow your deal or cause problems? An ideal clause should exclude visits by appraisers, home inspectors and in some cases engineers or architects (and others). Your main clause should state, “2 or 3 “personal ” visits.” I can give you many scenarios such as:
The Toronto Real Estate Board finished off 2018 with 3,780 sales, a little bit less than the 4,500 I predicted, and that was accompanied by 31.5% fewer new listings than December 2017, a sign that tight market conditions will continue in many neighbourhoods.
Though your clients can gain an advantage by continuing their home search in December, many buyers and sellers will put their real estate aspirations on hold until after the holiday season. You can use this downtime to remind customers of your local market expertise so they’re ready to make a move when it’s time to jump back in. However, you want to be mindful of how you reach out to customers.
If you are among those first-time buyers who are just starting to look, there are a few things that you can do now that will imp
- Get your financial house in order. Know your FICO score, and work to get it above 700 to improve your ability to qualify and to get a better rate.
- Understand what you can afford to put down. The average down payment this year is 11% nationally, but it varies dramatically by the market and by loan type. If you are struggling to come up with a down payment necessary for your market or type of mortgage, research down payment assistance programs.
Not too many surprises in the real estate market as 2018 winds down. 6,251 homes sold, down from last year’s record number, as buyers were pushed to buy earlier than planned due to the new mortgage regulations that were going into effect in the new year. The average selling price was up by 3.5% year-over-year to $788,345.
AGENTS: Whether you are representing the Buyer or the Seller, it is important to engage in best practices
Best Practices: Offers – What Agents Need to Know
November 26, 2018 -- An offer is one of the core components of any real estate transaction. Despite how commonplace it is, and that Members should be familiar with the process, it's still essential that Members engage in best practices during the offer process.
Whether you are representing the Buyer or the Seller in a real estate transaction, it is critical to engage in best practices throughout the offer process to:
Toronto home sales rose again in October, jumping 6 percent year-over-year, in a continuation of the market’s slow upward trajectory.
But as sales continue to climb, listings are trending down, according to the latest release from the Toronto Real Estate Board (TREB). Listings fell 2.7 percent year-over-year last month, marking the fifth consecutive month of falling supply in the region.
You should begin assembling this suff before any physical search for a property begins.
1. 'employment confirmation' from your employer - employee in good standing, how long you’ve been employed there (for whomever is signing the lease).
2. full 'credit report(s)’ (for whomever is signing the lease) (equifax is better than transunion).
3. copies of 'last 3 pay stubs’ (for whomever is signing the lease).
4. a personal family bio (a quick paragraph about who you are, not mandatory but helpful).
While ageing in place is a goal for many older adults, some may not be able to stay in their homes and communities as property prices, taxes and the high costs for renovations cause affordability problems.
Older adult advocates and nonprofit organizations are hunting for solutions across urban and rural areas to combat the lack of affordable and accessible housing options, especially as the ageing population grows in the next ten years.