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

Homes are valuable assets and must be maintained so they function properly, are safe, enjoyable and hold their value.  Attention to maintenance, minimizing expenses and managing debt & risk will protect your investment. Maintenance It is interesting that people understand the necessity to maintain a car and regularly have the car inspected, repaired and do regular maintenance.  Even though a house could be worth many … Continue reading Homeownership and the Three M’s

Contact.LetterSalutation} Wishing a special day to all mothers and those who love, nurture, 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 Mother’s Day

With home prices rising 20% nationwide in the past year and in some markets, even dramatically more, many homeowners are excited about the equity in their homes.  In the past, most homeowners were not concerned about profit from the sale being taxed but some may be surprised. The profit homeowners make on the sale of their homes have enjoyed a generous exclusion.  Since 1997, for … Continue reading Will Selling Your Home Increase Your Tax Bill?

People purchasing a used car have most likely heard of CARFAX vehicle history reports to help them avoid buying a car with costly hidden problems.  Less likely are buyers to know that there is a way to discover some of the repair history of homes they are interested in. Lexis Nexis C.L.U.E. (Claims Loss Underwriting Exchange) is a claims history database that enables insurance companies … Continue reading Buying a Home…Ask for a CLUE Report

Usually, it is easier to buy a home than to sell a home but that isn’t necessarily the case currently. In today’s market, it can be scary to sell your home before buying another because you could find yourself without a home. Most sellers will not accept a contingency on the sale of a buyer’s home in today’s market.  So, let’s look at some of … Continue reading Coordinating the Sale and Purchase of Your Home

You may not have heard of anyone assuming an existing mortgage for over thirty years and didn’t know they were even possible any longer.  The reason is simple, it didn’t make financial sense but now that interest rates are increasing, it may be an opportunity for some homebuyers. Conventional loans added clauses to mortgages back in the early 80’s that gave the noteholder the right … Continue reading A New Opportunity for Homebuyers

Have you ever been shopping on a website where you were looking at something that was on sale?  You were interested in it but there wasn’t a sense of urgency and maybe, you had a lot going on and didn’t get back to it for a few days.  When you did go back to the website, the price on the item had returned to its … Continue reading Cost of Waiting to Buy in Both Price and Interest Rates