As we approach the quietest season in the local real estate market, it is important to do just about anything you can to entice a buyer to visit (and hopefully purchase) your home and not the one down the road; especially in the case of people who need to sell because of a job transfer,… Continue reading Seller Incentives In a Tough Market
Buying the farm
It’s a dream that many people have: work hard all week, spend weekends (or weeks) at the cottage (or farm, or chalet, or hunt camp…). There are very specific considerations to be aware of, however, when you are thinking of purchasing a recreational property. Homes outside of urban centres generally are on septic systems and… Continue reading Buying the farm
Singles Buying Homes
Once you graduate college or university, get a job, and start your career, maybe have your first apartment on your own, you start to think about the future. You probably start saving for a downpayment thinking that eventually you’ll be able to buy a home. But you’re single. You’re happy (hopefully!), but you think that… Continue reading Singles Buying Homes
What is a Bridge Loan?
A bridge loan, at least in regards to residental real estate, is a short term loan that is usually used to bridge the gap between the closing date of a property being purchased and the closing date of the property being sold. This can happen for a number of reasons (the seller of the new… Continue reading What is a Bridge Loan?
The consequences of saying “no”
Every now and then, I have a client ask me (usually mere days before closing) what will happen if they refuse to close. Generally, it is not a good idea to refuse to close once your deal is firm. A firm offer is a binding contract, and the consequences of breaking the contract have the… Continue reading The consequences of saying “no”