“We just bought a new home from the builder and we were wondering when is a good time for us to list our property?” I had received a new question in one of my online real estate advise threads from another satisfied purchaser of a new home who were looking forward to moving in their new home and wanted a semblance of …
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As a seller, should I allow an extension to a contract?
I was recently in an offer negotiation where the buyer who was looking to secure a mortgage on their new purchase wasn’t able to do so within the time period specified in their purchase and sale agreement. The buyer agent contacted me promptly to let me know that they won’t be able to secure the funds within the time period …
Read More »Greater Toronto Home Resales at 1,500 in Mid December
TORONTO, December 17, 2008 — Greater Toronto REALTORS® reported 1,487 resale transactions during the first half of December, from 2,868 sales recorded in the same period a year ago, Toronto Real Estate Board President Maureen O’Neill announced today. The average price of a home in the Greater Toronto Area is currently $360,652. This compares to an average of $404,707 recorded …
Read More »When is it enough?
If you’re a seller and the buyer hasn’t been able to fulfill a condition on their purchase and sale agreement, do you agree to give them an extension if they ask? This is a very tough question to ask and needs to be answered with some consideration. Following are some points that I’d like you to consider when answering these …
Read More »Month in Review – April 2008
Well, another month has come and gone (hard to imagine it’s already May with cold weather) and I’ve just posted the detailed report issued by Toronto Real Estate Board on my website. This month I wanted to take a moment and dissect the report with my online subscribers. The report, as predicted, shows the real estate market slowing down and …
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