We met with mobile mortgage specialists from RBC this week to discuss how the recent rule changes are affecting home buyers. Its not overly complex but the changes do have a significant impact on both buyers and the potentially the real estate market. Lets run through a possible purchase scenario Buyer Client is a first … Continue reading New Qualification Rules for Mortgages
Although the headline may indicate the following article would favour sellers, there is also some good information that buyers should be aware of as well. This following article was taken from Mark Weisleder's column in the Toronto Star dated Friday November 8th 2013: In general, the courts have indicated that buyers must act honestly, reasonably … Continue reading Why Ask for 2 Deposits on a Home Purchase
Occasionally within certain markets you will uncover a hot property, A niche neighbourhood or homes that are simply in demand and subsequently a competitive situation is upon you - Competitive bids are becoming more of a normal occurrence as opposed to the Exception – and the weakest bids won't survive! Here are Some Good Tips … Continue reading Great Tips that will Help You Win in Real Estate Bidding Situations
Scugog Preparing for Port Perry's Growth! The Port Perry Star has reported that according to the Mayor, Chuck Mercier, the Scugog area, including the Historic town of Port Perry is set to grow by about 6,000 residents. Which means roughly 1,500 single family residents if you use the formula of an average of 4 people … Continue reading Future Growth for Port Perry
LIFE IN DURHAM Real Estate 