How To Protect Your Property From Open House Theft: The Saturday Weekend Review #197

YOUR OPEN HOUSE IS A CANDY STORE FOR POTENTIAL OPEN HOUSE THIEVES.   Open house signs seem to be flooding the real estate market these days especially during the Spring, Summer and Fall months when the weather is nice in our neighbourhood. A successful open house means that you’ve had potential buyers come through, nothing was broken, nobody was injured and you didn’t get robbed due to open house theft. Open houses today are met with homeowners and real estate agents being more cautious than they once were because open house theft continues to happen every single day. Do you really need an open house? You don’t need to have an open house but if you want one it’s important to know what you’re getting involved in especially security risks.   What is an open house listing?   Once you’ve established that you want to sell your house and you’ve signed all the papers and met up with your agent at their real estate office you may consider an open house. The same rules apply if you are a for sale by owner representing yourself because now you’ve got to do the legwork to make sure you protect your investment. […]

Should I Buy A Cheaper or More Expensive House? : The Saturday Weekend Review #181

DON’T BE A FOOL TOWARDS THE SHIMMER AND SHINE IN THE REAL ESTATE MARKET   The most expensive house in the world is the one you are living in or contemplating purchasing. Owning a home becomes your world even though some people consider a roof over their heads a house and never a home. Buying the most expensive house on the block is not something I would do unless I was paying cash or was 100% certain that I could maintain it even through unforeseen circumstances. The problem is that there are people who aren’t considering what could happen which could promote a for sale sign on their property. Plus, if you think those are expensive homes now just wait and see what happens if you find major issues with the home down the road. Be ready to part with money you thought you had saved for something more than surprise home renovations. Whether you buy a cheap house or an expensive house you are now holding something expensive that could cost you even more.   The hometown living vibe is slowly being lost   Many families are being forced to move away from their hometown mainly Toronto and Vancouver […]

Does Your Property Listing Use Frosted Marketing Language?

BUYING A HOUSE IS MORE THAN JUST SWEET BUTTERED WORDS   How confident are you about every property listing you choose to visit that the house description will be 100% accurate? Probably not that confident and I don’t blame you. A property listing may be close to accurate but it may also be buttered up just a bit to motivate you to put an offer in on the house. Real Estate trends seem to be important big-ticket accessories for buyers and sellers but even then what is being sold should be what is depicted in the property listing. Have you really fallen prey to these marketing tactics in the real estate industry? Probably because they’ve been used for years because there’s no standards apart from, “Sell that house” as fast as you can. Does granite in a bathroom or kitchen turn on your buyers excitement? Make sure the granite counter-top that you may end up owning and paying big bucks for is the real deal! Buyers remorse is a sad place to be especially when you should be excited about your new home purchase. I read an excellent blog post that every real estate agent and private seller should read- […]

Property Tax Bill-One Bill You’ll Never Burn : February 2016 Monthly Budget Review

THE TAX MAN HANGS AROUND FOR LIFE   In February like clock-work we get a letter in the post from the city about our new tax rate along with payment dates for our property tax bill. Whether it’s paying for income tax, property tax, product tax or anything that says tax you know you’ll never get away with dodging it. Which is why there are two certainties in life: death and taxes Every year the property tax bill gets higher and higher but that’s expected I suppose since it goes to pay for various things in the community such as municipal services, police, fire, transit and so on. I received an email from a young couple in the process of buying their first home and they wanted to know what the best way was to pay for their property tax bill. Dear Mr.CBB, My wife and I are just finalizing the sale of our new home and were wondering how we should pay for our property tax bill in order for our budget to balance. What else is there that we need to know about our new property and our tax bill? Thanks for any tips. -Chris and Angela If […]

Why You Should Never Trust A Real Estate Listing

DON’T MISS THE OBVIOUS WHEN LOOKING TO BUY OR SELL REAL ESTATE   Whether you are buying or selling a house with a real estate agent or for sale by owner (FSBO) NEVER trust a real estate listing. I’ve invested in real estate since I was 21 years old when I bought my first house and a second at age 24. I’m not in the game of real estate to become a monster property millionaire but what I do know is that not all real estate listings are created equal. Finding the best real estate agent that will work for you isn’t an easy task but when you do remember that none of us are perfect and mistakes can happen. As a homeowner or buyer beware of any errors that could cost you thousands of dollars over the long haul once you move into your new home or sell your house. The last thing you want is your house sitting on the market for months because of en error no one is catching but potential buyers. If you want to add value to your house either you lower the price to gain attention or you add renovation/unique home perks to […]