Ready to Make an Offer? 4 Tips for Success | MyKCM

So you've been searching for that perfect house to call a 'home' and you finally found one! The price is right, and in such a competitive market you want to make sure you make a good offer so that you can guarantee your dream of making this house yours comes true!

1. Understand How Much You Can Afford

"While it's not nearly as fun as house hunting, fully understanding your finances is critical in making an offer."

This 'tip' or 'step' really should take place before you start your home search process.

As we've mentioned before, getting pre-approved is one of many steps that will show home sellers that you are serious about buying, and will allow you to make your offer with the confidence of knowing that you have already…

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Think You Should FSBO? 5 Reasons to Think Again! | MyKCM

In today's market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a good idea for the vast majority of sellers.

Here are the top five reasons:

1. Exposure to Prospective Buyers

Recent studies have shown that 88% of buyers search online for a home. That is in comparison to only 21% looking at print newspaper ads. Most real estate agents have an internet strategy to promote the sale of your home. Do you?

2. Results Come from the Internet

 Where did buyers find the home they actually purchased?

  • 44% on the internet
  • 33% from a Real Estate Agent
  • 9% from a…

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What Does Home Mean to You? | MyKCM

No matter what shape or size your living space is, the concept and feeling of home can mean different things to different people. Whether it's a certain scent or a favorite chair, the emotional reasons why we choose to buy our own home are, more often than not, the more powerful or compelling ones.

Every year, The Joint Center for Housing Studies at Harvard University conducts a survey to find driving factors behind why North Americans decide to buy a home.

The top 4 reasons to own a home cited by participants of the survey were not financial.

1. It means having a good place to raise children & provide them with a good education

From the best neighbourhoods to the best school districts, even those without children at the time of…

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Unzippering the two economies is not going to be an easy feat. Initially the economists seem to all agree that mortgage rate will stay the same or go even lower due to the uncertainty. And Canada falls right in that pile with everyone else. 

 

Possible impact of Brexit on mortgage rates?

This recent article, the Washington Post explains how they feel the American economy will be affected.:

“Brexit has spawned the recent bout of volatility in global financial markets. That has anxious investors scurrying for safety -- and few assets are safer than U.S. Treasuries. High demand for government debt pulls down interest rates.

That all translates into ultra-low mortgage rates for American households. And with Britain voting for Brexit, they…

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This is not a political decision we are asking for here.

#wegetyoumoving and we would like to help you decide whether it is time for you to move or not.

Do we stay or do we go? When you first bought your home you may have thought this is a good start but someday you want your dream home. With today's hot Real Estate market in Etobicoke especially Central and South Etobicoke combined with low-interest rates and your equity built up in your first home there are a lot of pluses to mull over. Will the market change? The government are concerned so interest rates may start to go up. But the rest of the country isn't seeing the type of numbers that Vancouver and Toronto are. Immigration looks to be continuing with no slow down in sight. And that is…

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What is a home evaluation?

A value based upon data provided about your home.

Are They Free?  

Yes and you will find that many Real Estate agents as well as Real Estate websites will provide them in exchange for information

 Who does them? 

Software with Real Estate data and Real estate Agents, representatives are the most common providers.

Are They accurate?

Depends, Read on...

How do they work?  Click this link and we will show you.

A little knowlege can be a scary speculative thing. Free evaluations are everywhere and whether its your desktop or your phone they are easy to get. It can be quick and/or just a way to get your level of interest. But what are they based on. You need to know what those homes had that…

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The New Frontier of Home Renovation

Have you ever wondered what makes a person take on the enormous task of taking a dilapidated money pit of a home and envision a profit making project. Where design, know-how, and financing are all brought together. You think pioneers from the old fronteir had it hard! Wait till you start to throw in factors like time, government and suppliers and labourers. And after all this the marketing and sales anguish and pain heaped with criticism and afterthought.

It ain't easy.

But when you see the fruition of your time and labour from the enormity of your task it can be a invigorating or not and the time it zaps can be a great learning tool. You were living on the edge, you made the jump and now you wait . You wait to…

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May 11 -14 2016 marks our High Schools 50th Reunion and I'm sure there are a lot of questions circling around what to do , how do they work, what to wear, how to plan and what is your favourite Re-Union Moment. Your old friends vs your Facebook Friends and hopefully how the twain shall meet.   5 Decades of people living in your proximity coming together all in one place "The PUB NIGHT". People you may know , you may not know, you want to know, or people you may have given the fickle finger of fate or yesterday's version of road rage. YIKES!!!. 

 I remembered our 25th/35th reunion a few years ago: the anticipation, the surprises and disappointments, the awkward conversations and instant reconnections, old jokes and new laughs, getting drunk, singing…

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  What a lovely family! They don't look like they are discussing buying a home, yet!

 

Here's the thing.  Living in Toronto specifically Etobicoke we have heard from the media and friends about certain home transactions going into bidding wars and selling for "over asking". As of late this has become a marketing strategy by most agents. They list your home with an aggressive  price in hopes of exciting many buyers to the offer table. The ones that excite are fetching higher than average results for the market. Low inventory , low-interest rates and immigration all add to the increasing prices.

You might ask "Well where does the money come from?" Hopefuly the Bank but there is the down payment and closing costs which may bring us to The Bank of…

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