Monthly Archives August 2018

We appear to have a problem:The need to disclose known defects when selling your home

Every home has its’ own unique quirks and character, however, when it comes to purchasing said home, it is important that buyers are aware of any “quirks” that may actually be deficiencies. A deficiency in a home known to the seller is required to be disclosed to the buyer by law, ensuring that any future damage/repair costs cannot be something that the seller becomes liable for. When it comes to disclosing deficiencies in a home, there are two types of defects to consider – patent defects, and latent defects. A patent defect is an easily observed (obvious) defect. An example
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Make Your Condo Balcony a Selling-Point

In the condo market, a well-maintained balcony with a stellar view can be a powerful tool to attract potential buyers. While the low-maintenance aspect of condo living is appealing, many condo dwellers still want a private outdoor space to enjoy. Even a small balcony off the living room or bedroom, decorated with care and style, can extend the living space of your condo, increase your enjoyment of your home, and give your home real market appeal. Floating, interlocking outdoor decking tiles are one of the quickest and easiest way to upgrade your balcony or patio. They can give the space
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A Sizzling Summer for Ottawa Real Estate

Members of the Ottawa Real Estate Board sold 1,614 residential properties in July through the Board’s Multiple Listing Service System, compared with 1,524 in July 2017, an increase of 5.9 percent. The five-year average for July sales is 1,501. July’s sales included 1,238 in the residential property class, an increase of 3.6 percent from July 2017 and 376 in the condominium property class, an increase of 14.3 percent from a year ago. Ottawa’s condo market continues to positively impact overall residential sales trends with year-to-date condo unit sales up 16.5 percent from this time last year. Overall inventory levels in
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Reverse Mortgages: What to consider when considering a reverse mortgage

Reverse Mortgages What to consider when considering a reverse mortgage… Reverse mortgages allow homeowners to use the equity in their home as a loan, it’s a  financial strategy that is getting more common. This may be in part because a large segment of Canadian Baby Boomers (born between 1946-1964) “is on strong financial footing and on a clear path to being mortgage-free, if not already.”  But what exactly is a reverse mortgage, and how does it work?  Let’s examine the concept of a reverse mortgage, and some of the benefits and downfalls. What is a reverse mortgage? A reverse mortgage is a
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July 2018 in Ottawa Real Estate: Market Snapshot

July 2018 in Ottawa Real Estate: Market Snapshot Ottawa Real Estate Market Snapshot: July 2018:  We continue to see a healthy real estate market in Ottawa, with inventory levels are improving.  Have questions? Looking for specific neighbourhood stats? Message us, we’d love to help!!     A Sizzling Summer for Ottawa Real Estate [posted by the Ottawa Real Estate Board] August 3, 2018 Members of the Ottawa Real Estate Board sold 1,614 residential properties  in July through the Board’s Multiple Listing Service® System, compared with 1,524 in July 2017, an increase of 5.9 per cent. The five-year average for July sales is
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The Search Is On – Listings: How the majority of buyers & sellers find listings in 2018

As the age of technology and the Internet continues to thrive, many industries have developed over the years to incorporate the constantly changing world of advertising and reaching potential clientele. Long gone are the days of people driving around on the weekends in search of potential listings, and fewer are checking the paper in search of their potential dream home. Despite these changes, the housing market is still booming and buyers and sellers alike are finding their future properties. The real question is, how has the search for real estate listings changed? The majority of that question can be answered
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