Difficult to Buy What Is Not For Sale

Buyers are becoming discouraged there are not enough homes on the market, especially, in certain price ranges.  When they do find something they want, there may be multiple offers and they end up losing to another buyer. Some buyers after experiencing several of these instances have decided to wait until the market changes.  It is understandable but it may be a very long wait as … Continue reading Difficult to Buy What Is Not For Sale

Questions to Ask a Mover

"I’d wish I’d known that before I picked a mover."  Having a checklist of questions might have prevented this issue.  This list of questions will provide you with things to discuss when interviewing a moving company. Fees What is the charge for packing? Does it include boxes?  If not, what do they cost and will you deliver them? Is there an additional charge to deliver … Continue reading Questions to Ask a Mover

When are the Negotiations Over?

The primary negotiation in a home purchase takes place when the contract is agreed upon that includes the price, closing and possession.   With inventory down over 19% in the past year and multiple offers being more of the norm than the exception, the first round of negotiations can be challenging. Buyers and sellers alike feel relieved once it has resulted in an agreement, but experienced … Continue reading When are the Negotiations Over?

Happy Father’s Day

SHAWN Wishing a special day to all fathers and those who love, mentor, and make us feel safe. Shawn Venasse Sales Representative Sotheby’s International Realty Canada 1867 Yonge Street, Suite 100, Toronto ON M4S 1Y5 c 647.250.9937 | t 416.960.9995 | f 416.960.3222 svenasse@sothebysrealty.ca sothebysrealty.ca Visit My Website                      This transmission contains information that may be confidential and that may also be proprietary; unless you are … Continue reading Happy Father’s Day

Become a Victim of Inflation or Benefit from It

In inflationary times, currently the highest in 40 years, the purchasing power of your money diminishes each day; essentially, buying you less.  The biggest threat is to be without capital assets, like a home, that are benefiting from the increase in prices.  Your money buys less gasoline now, than it did a year ago, by close to 50%. Beef prices are up about 20% since … Continue reading Become a Victim of Inflation or Benefit from It

You don’t have to give an arm to get a lower rate

Rising interest rates compounded with increasing home prices are causing affordability issues for many buyers.  To keep payments low, you won’t have to give an arm, but more buyers are considering getting an ARM, adjustable-rate mortgages. Mortgage rates are near its highest point since 2009.  "While housing affordability and inflationary pressures pose challenges for potential buyers, house price growth will continue but is expected to … Continue reading You don’t have to give an arm to get a lower rate

Helping the Seller See Your FHA/VA Offer More Favorably

With multiple offers the norm on many listings these days, the seller relies on their listing agent to help them determine which one to accept.  In some cases, offers subject to FHA or VA mortgages tend to move to the bottom of the list. Some sellers consider all cash offers first and then, conventional offers with at least 20% down payments as the next most … Continue reading Helping the Seller See Your FHA/VA Offer More Favorably

Today is a Skills Market

In today’s ultra-competitive real estate market where there is only 1.7 months supply of inventory compared to 6 months in a balanced market, and the average home is getting 4.8 offers per sale, it is more important than ever to have the right person "champion" your cause. In the Middle Ages, it became customary for a person of nobility to appoint a "champion" to fight … Continue reading Today is a Skills Market

Existing Homeowners May be Facing Higher Payments

As a current homeowner, you may be basking in the consolation that you bought before the market got crazy with higher prices and interest rates. However, it doesn’t mean that you may not be facing higher mortgage payments for next year. Most homeowners pay their taxes and insurance into an escrow account with their mortgage payment.  The lender monitors the account to be sure there … Continue reading Existing Homeowners May be Facing Higher Payments