Weekly Market Update

Your Family Estate in Parry Sound! ($5,000,000)

Private Parry Sound Estate ASKING PRICE: $5,000,000Families have been making lifestyle their priority over the last 18 months.  You and your family can do the same and ENJOY your very own: Private island Private sandy beach New LogHome  2-storey MooseLodge Home 7 additional furnished cottages … plus room to build more These 5.6 acres come with so much...

Should You Renovate? (Part #2)

Last week, I talked about one of the most common questions that I get, "Should we renovate before selling?"  The short answer was "No! Don't renovate!" (Read last week's blog "Should You Renovate?") Although most renovations don't make any financial sense from a "return on investment" perspective, here are 4 reasons why you should renovate:  1. Your Family Can Enjoy the...

Should You Renovate?

One of the most common questions I get is: "Should we renovate before selling?And if so, what should we renovate?"The short answer is "No! Don't renovate!" Some realtors may tell you to renovate everything because they want to sell the home quicker.  My goal is to maximize your return on investment for my clients.  There are the 3 reasons why renovations are BAD:  1. The Return...

Effective Multiple Offers

We recently sold this amazing 4-bedroom home in Mississauga for +$200k over asking with 7 offers and more than 50+ showings. Many sellers and their agents feel they just need to "put it on the MLS and it will sell itself".  It might sell, but you are probably leaving money on the table. There's so many different things that you have to do to maximize the value.  A Good Product A Lot...

Is mortgage insurance important?

I had the pleasure of interviewing Christopher Lee, from Sunlife, about mortgage insurance.I remember when I got a mortgage for my first home years ago.  The bank added mortgage coverage by default and didn't tell me.  (I mean, it's possible they went through it when I was installing 30 pages, but if they did, I don't remember)I'm sure the coverage differs between all the banks, but mine was...

Why You Need to Rent a Place Soon!

Last week, I had the pleasure of helping two people find two rental units downtown. I've seen the same pattern over many years, so I'll tell you exactly what I told them: There is always a spike in activity in the Summer months leading up to September because of the start of the school year.The smart students already secured a place in June.  By July, most students only begin to think about...

Why do you need mortgage insurance?

Why do you need Mortgage Insurance? Join Lawrence Mak and Christopher Lee as we discuss the benefits of mortgage insurance and methods of protecting your largest asset. Why do you need mortgage insurance?What about mortgage insurance through your financial institution?What are the pros and cons with getting mortgage insurance through your bank?Who's the beneficiary?What other benefits can you...

How to Prepare Your Home for Sale?

I'm pleased to announce our newest listing at 4201 Hartfield Grove in Mississauga. This is a gorgeous 4 bedroom, 6 washroom house with 2 full bedrooms in the basement and a separate entrance. For photos, virtual tours, floor plans and pricing, go to:www.4201HartField.com  Although staging and photography took about a week, the preparation by the owners took much longer.  When...

Sell Your Home for the Most Money

In this video, you'll learn the 4 secrets to selling your home for the most money: Secret #1: More buyers will get more money Secret #2: More emotions will get you more money Secret #3: More experience will get more money Secret #4: Pricing your home right, will get you more money I was fortunate enough to win this free video production at a Small and Mightly Networking event. Their...

Buyers May Lose $50k in Purchasing Power

As you may have heard, there is a new "Stress Test" that will be taking place on June 1, 2021. I had the opportunity to ask Chris Molder, a mortgage broker from Tridac Mortgage, about the changes and how it affects home buyers. Watch the Interview The stress test increased from 4.79% to 5.25% and now affects both insured and uninsured mortgages. So if you need a mortgage of $1,000,000, your...

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