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Knowing the right questions to ask and steps to take before starting the house hunt is one way to help keep emotions in check. And, many common home buying missteps can be avoided by following these five tips.

 

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Though stressful, bidding wars are a seller’s dream. After all, when multiple buyers try to outbid each other for a property, it likely means more cash in the seller’s jeans. It’s a dream that has become reality for some homeowners as competition for available homes, particularly in certain neighbourhoods in the GTA and in other parts of the province where supply is limited, has resulted in some properties selling for $100,000 or more over the asking price.

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Tagged in: bidding war game plan
587

Picture yourself sitting on the cottage dock, dipping your toes into the water while watching the sun go down. Or, stepping outside your chalet in the crisp morning air and climbing aboard your snowmobile for an exhilarating day on the trails.

For many Ontarians, these idyllic moments are reason alone to own a recreation property. But what happens when a tree falls on your roof or your septic tank fails? Who cuts your grass when you aren’t there? Or plows the driveway so that you can get into your property on a late Friday night?

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Tagged in: cottage vacation home
460

 

Do I have to sign a buyer representation agreement?

 

The short answer is no. You don’t have to sign a buyer representation agreement (BRA) with a brokerage, but you should consider the benefits it offers you as a home buyer.

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It’s worth the effort to learn about the home buying and selling process; doing so could save you time, stress and money. One way to protect yourself is to learn from the mistakes of others.

 

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