MORTGAGE DEFAULTS
Like life itself there are usually two sides to every story. When we read about the latest news in buying and selling it usually pertains to prices, interest rates and popular areas. The other side has reared its ugly head lately discussing dropping prices, higher interest rates and the stagnant market. Then there is the really nasty stuff – mortgage defaults. Seems there are more and more these days. Which shouldn’t come as a huge surprise. Think about it. When we were tryin
May 253 min read
LOCAL ADVERTISING
Time to take a trip back in time. You know the saying “What goes around comes around?” Well how about a return to old time advertising and the benefits that come with it? Since 1996 we have been taken over by what was then referred to as this new thing called the Internet. Many said it was just a trend and wouldn’t last. Really? Here we are 30 years later looking at the newest trend called AI. Many are saying that won’t last either. Guess what I am trying to say is life goes
May 252 min read
STAYING PUT
How long have you been living in the home you are currently in? Used to be many years ago that you would buy a home and pretty much live there all your life. Unless you had a job transfer or some other upset in your life (family death, divorce). My grandparents lived in 2 homes their entire married life. The first was a small home, then they built a large 4 bedroom home to move into and start their family. It was also on the same street, so that is consistency. When I was you
May 253 min read
READ THE SMALL PRINT
Think about this for a minute. You want to sell your home and an agent advertises I can list your home and if it doesn’t sell in 30 days or less, I will buy it. Too good to be true, right? Pretty much. Sure they will buy it. For well under market value. Remember those lovely faux hand written pieces you used to get in the mail form “buyers” willing to buy your home without you even having to go through the arduous process of listing it? Well, this is another variation on that
May 53 min read
AI SCAM ON LISTINGS
Things just got a whole lot goofier in the Real Estate listings department. There have been numerous reports of AI Generated pictures that don’t show what the real listing looks like. Well, there’s a surprise. NOT!!! What did you expect? Whenever there is a new tool that you can use to cut corners and do the work for you, what did you think the lazy sector of realtors would do? Believe me, there are people in the business that will do as little as possible to make a good buck
May 52 min read
WHAT IS FINTRAC?
Ever heard of FINTRAC? If you are any kind of Real Estate junkie and like to keep up to date on all the latest news about buying and selling you more than likely have heard of this governing body. Short for Financial Transactions And Reports Analysis Centre of Canada. Their mission is to get rid of money laundering and anyone will tell you Real Estate could be one of the go to businesses to launder your off shore bucks. There are myriad rules in place about how much of a down
May 53 min read
PLEASE DON’T POLITICIZE REAL ESTATE
“It was the best of times, it was the worst of times.” Dickens wrote this in A Tale Of Two Cities in 1859, but it could have been written yesterday. Need proof? Take a wander through any of the social media sites and check out the finger pointing and name calling. It is astounding. And a huge amount of the bitterness is around political beliefs. Even the Winter Olympics couldn’t escape the wrath of the political effect. The great divide comes from whether you lean left or rig
Apr 82 min read
