July 29, 2007

Condos

Condominium Amenities

“Yeah this building is great, but does it have a POOL?”

“Well, would you actually use the pool?”

“Maybe…maybe not….but I still want this building to have a pool….”

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July 27, 2007 1

Mortgage

Are Rates Going UP?

“INTEREST RATES!”

Do those two words send a shiver up your spine?

Most people fall into one of two categories: 1) Those that have a mortgage, 2) Those that don’t….yet.

After yesterday’s modest 260-point decline in the S&P/TSX Composite Index (that’s pennies compared to Tuesday’s 400-point decline!), it gets people thinking about the economy, the Canadian Dollar, and of course, Interest Rates…

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July 25, 2007

Houses

BIDDING WAR….The Conclusion!

“David, is everything alright?” asked two concerned agents as I shouted “Bwwaaaah!”

“Uhhhh…..huh….” I replied as I could barely muster out any words.

Here are some words:

Shocked.

Amazed.

Dumbfounded.

As I logged on to www.torontomls.net this morning and checked the previous day’s solds, I absolutely GASPED aloud for everybody in the office to hear, as I saw what 144 Barker Avenue sold for…

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July 24, 2007

Houses

BIDDING WAR! Live, and In Progress…

What is the definition of a “bidding war?”

How does it start?  What series of events has to take place for a bidding war to break out?

As I write this at 8:30PM on Tuesday evening, a bidding war is taking place.

Let me tell you how it started, and how I expect it to finish…

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July 23, 2007

Houses

Why is Riverdale So Expensive?

Here’s a statement a friend made to me the other day: “$600,000 for a semi-detached house in East York?  That’s insane!”

I informed him that Victor Avenue may be east of the D.V.P., and may be in the Metro East real estate district, but certainly there is a difference between East York and Riverdale!

“Riverdale,” he questioned.  “It sounds like something out of a movie!”

Well, perhaps it is…

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July 20, 2007 2

Houses

To Stage or Not To Stage?…The $112,000 Question.

“Wait a second….you want us to PAY to remove all the furniture from our house, and then PAY money to bring in different furniture?  I don’t thinks so.”

Every hear the expression ‘You need to spend money to make money?’

Realtors are constantly facing opposition and skepticism from home owners when they suggest that the owners spend money to get their house ready for sale.  But those that take the Realtors’ advice are often handsomely rewarded for their efforts…

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