Though thrilled with the idea of owning a 70 - 80 years old house, many buyers are unaware of the danger lying beneath the old rustic charm.
Historically, we have always advised our clients to sell first with a long closing. This was prudent and allowed one to know what they could spend on a new home, since markets can change rapidly. Today, I am not so sure this advice is the right approach.
Buyer frustration has brought on the BULLY or a pre-emptive offer - someone who is willing to pay enough to make the seller not wait for the future offer date. This usually is a price that will make the overly stressed seller happy enough to forgo three or four more days of tension in keeping their house showing ready.
TREB announced that GTA REALTORS® reported 11,992 sales in June 2015. This is a new record for June and an 18.4 per cent increase in comparison to June 2014 result of 10,132.
Many Canadians are still borrowing money to make a down payment on their home, but the good news is that most Canadian homeowners are taking steps to whittle down their mortgage debt.