Buying Real Estate With Your Non-Spouse…

31 08 2009

Don’t shoot the messenger!

It’s not like I’m old-fashioned or anything, I’ve just witnessed a lot of horror stories lately with people buying real estate together before they’re typically “ready,” by traditional standards or not.

Here are three stories - and the last one’s a doozie!

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LIVE Theatre At My Doorstep…

28 08 2009

It’s Thursday night at 7:42PM and I’m sitting at my desk at 290 Merton Street, watching “the show.”

This show is exciting, and with my feet firmly planted up on my desk, I’m taking extreme pleasure in watching the jubilation and sorrow of those around me.

What am I watching?  How about twenty-two agents presenting offers on the same condo…

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Super-Adequacy

27 08 2009

Have you heard this term before?

Do you know how it’s used when discussing real estate?

I might not use the word all the time, but I do like to point out where and when super-adequacies are present and what issues they can cause when examining the value of a house or condo…

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Straight From The Headlines

26 08 2009

Here’s a rather interesting take on the Toronto real estate market, as per today’s feature in the Toronto Star.

Geez!  Remember back in January when we were fielding questions such as, “How much do you expect the market to drop by the end of 2009?”

Now, all the experts are revising their ten-month-old prognostications and patting themselves on the back…

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Discrimination In The Rental Market?

24 08 2009

Last week’s story about “blatant discrimination” in the rental market is the second report in as many months to surface in the Toronto media, thanks to the Ontario Human Rights Commission.

But I’m here to provide a devil’s advocate type of response, while trying to watch where I step, and what I step in…

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The Nuts & Bolts of The Offer

20 08 2009

There’s more to an offer than the price, you know!

Maybe in this red-hot marketplace, both buyers and sellers alike have concluded that the only negotiable part of the Agreement of Purchase & Sale that carries any weight is the purchase price.

But there are four or five other salient points that can make all the difference during the offer presentation…

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Waiving The Status Certificate

19 08 2009

How do you “win” in multiple offers?

Well, having an unconditional offer is a pretty good start, but of course, the money has to be there as well.

In the case of condos, many buyers are omitting the traditional condition on status certificate.

With every potential reward, come some potential risks as well…

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Lockbox Lament

18 08 2009

Surely there has got to be an easier way!

I’ve noticed an increasing trend among the concierges in downtown condominiums whereby they don’t hold on to keys so that sellers can allow viewings of their units for by prospective buyers and their real estate agents.

That leaves the keys out on the street….literally, in most cases…

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Chattels vs. Fixtures

17 08 2009

It may not be the most interesting or entertaining debate, but it WILL come into play during the purchase or sale of your home.

Definitions aside, it is often left up to the courts to decide what is a chattel and what is a fixture.

Think it’s straight-forward; chattels and fixtures?  Well then how would you classify a massive, 900-pound garden gnome?

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Another “Before & After”

14 08 2009

Here is a before and after with a “personal touch.”

My childhood home was torn down about one year ago, and in its place now are two beautiful new homes with two new families ready to build their lives where my family once lived.

Here is a bit of the back story, and of course, let’s talk $$$ to make it even more interesting… 

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