What You Need to Know about “Interest Free” Deals

Next to your home and car, home furnishings represent the most expensive product purchases homeowners make. A mid-quality livingroom set, with sofa and two side chairs, can cost thousands of dollars.
That’s why most furniture retailers offer “interest free” and “pay much later” deals to soften the blow. These are basically financing options. Say, for example, you want to purchase furniture for the rec room. The cost is $7,200. The furniture retailer may offer you a deal where you “don’t pay a cent” for six months. As long as you pay the balance within that time, no interest is charged.
That sounds like a sweet deal. And it is.
But, personal finance experts will advise you to tread carefully. If you pay off the balance within the “no interest” timeframe, you’ll benefit from the sweet deal, by having deferred the payment. However, if you fall behind on payments, you’ll be hit with a high interest charge. It’s often 20% or more. That can add hundreds of dollars to what you would have originally paid for the purchase. And, even if you paid down most of the balance within the no interest period, you can still get hit hard.
Some “no interest” deals charge interest on the original financed amount — not just the remaining balance.
The best advice, according to personal finance experts, is to read the fine print carefully and pay off the balance as promptly as you can.
*Article Provided by Morris Marketing*

Open House Questions Some Buyers Forget to Ask

An Open House is an event. And, like many events, it’s easy to get caught up in all the excitement and energy. In fact, when you visit an Open House, you might even end up rubbing elbows with other buyers who are there at the same time.

It can feel like a party! In an environment like that, it’s not unusual to forget to ask important questions about the property. Here are some of the most common:

• How old is the roof?

• How old is the furnace, air conditioner and other HVAC equipment?

• How does the price compare to similar properties in the neighbourhood? (You don’t want to make an offer that’s too high.)

• What are the characteristics of the neighbourhood? (Amenities, safety, traffic, access to public transit, property turnover, etc.)

• What doesn’t come with the home? (Ask specifically about kitchen appliances, gas-connected BBQs, chandeliers, window coverings.)

• Are there any potential impediments to the sale? (Tenants, outstanding liens, etc.)

• Are there any outstanding maintenance issues, or repairs that need to be done? (For example, cracked ceramics on the foyer floor.)

• Are there any issues that impact the full use of the property? (Ask specifically about shared driveways or walkways, public “right of way” through the property, water drainage rights from neighbouring homes, etc.)

Yes, an Open House can feel like a frenzy, and if it’s a home you love, you might feel pressured to make an offer. But, it’s important to take the time to ask the right questions and consider your decision carefully. You don’t want to find out, too late, that there were questions you should have asked.

Want more tips on finding the home of your dreams?

Call today. (416) 779-8732

Considering the Possibilities

Have you ever dreamed of an exotic vacation and researched flights, hotels, excursions and other information — even when you weren’t 100% committed to going? We’ve all done that. It’s a great way to try a big decision on for size. You get an initial idea of costs. You peruse destination pictures. You imagine you and your family being there. And sometimes you actually take that vacation! Well, you can do the same with real estate. Even if moving is the farthest thing from your mind, you can explore neighbourhoods you’d like to live in, get a sense of prices in those areas, and find out what your current home would sell for in today’s market. If you find yourself doing that, give me a call. As your REALTOR®, I’m happy to answer your questions and fill you in on what’s happening in the local real estate scene. Call anytime! 416-779-8732

Staging the Outside of Your Home

You’re probably familiar with the term “home staging”. It involves cleaning,
de-cluttering, reorganizing, and decorating, specifically in order to make your home more attractive to potential buyers. Furniture stores do something similar when they “stage” a bedroom suite in a showroom.
Most sellers focus their staging efforts on the inside of their homes. But the outside is important too. After all, a property’s exterior is the first thing potential buyers see. So you want to make sure that the first impression is a good one.
Here are some ideas on how to make sure that happens. When preparing your home for sale, imagine you’re a potential buyer and take a walk around the outside of your property. Do you like what you see? Are there issues that concern you? Try to be as objective as possible.
You may notice, for example, that the deck is faded and worn, some of the border stones around the flower bed are chipped or missing, or the fence gate squeaks. If you notice these things, so will potential buyers. So consider getting these minor problems repaired.
As you inspect your yard, pay particular attention to sheds and other areas where items tend to accumulate. Just as you would unclutter the inside of your home before a showing, you should also make sure the exterior areas of your property are as uncluttered as possible.
Then explore simple ways you can make the exterior of your property look even more attractive. For example, giving your hedges, shrubs and other plants a trimming, can dramatically improve the look of your yard.
Need more tips on preparing your home for sale? Call Today! (416) 779-8732
*Article Provided by Morris Marketing*

Trying to Find a Bargain Home

You’ve heard the story. Someone finds a condo on the market that seems underpriced, grabs it, and subsequently discovers it’s worth tens of thousands of dollars more than the purchase price. What a bargain! The truth is, bargains like that rarely happen. Most properties sell for somewhere close to their market values. That’s why you need to find the perfect condo for you, in the right neighbourhood, with a list price that is within your affordability range, and then buy that property for the lowest price you can negotiate.

When you shop for the right property at the right price, you have a good chance of finding and buying your dream home. But if you go into the market with a plan to find a bargain, you risk overlooking those condos that might otherwise be great opportunities for you. Why? Because your price expectations will probably be a lot lower than the actual market prices.

*Article Provided by Morris Marketing*

Interview with Julia Katsivo


Want to own your own home but DON'T have a down payment? Don't let the new government rules or your meager savings stop you from owning the condo or townhouse of your dreams. 20 and 30-year industry veterans show you how you can OWN your own home with NO down payment and even manufacture more money!

Posted by Neil Pahuja on Friday, February 23, 2018


Did this Facebook Live Interview with Julia last friday at BNI. We had a Seminar on Monday night. It was our best attended yet. If you missed it you can come next monday March 5th! Call me for details. 416-779-8732. Also remember that Thursday is the last day to put your money in RRSP’s. If you Plan to use the Home Buyers Plan to Increase your down payment this year 2018, Call me today. You don’t have any time to wait to increase your down payment by 30% by using this Government Plans.

Open House Tips That Turn Viewers Into Buyers

What do you want from an open house? Obviously, you want to attract a lot of potential buyers — and have at least a few of them become seriously interested in your property. So how do you make your open house as successful as possible?
Get minor repairs done. A dripping faucet, a squeaky fence door, or a scuff on the wall may seem minor to you, but these problems can stand out like a sore thumb to a potential buyer.
Brighten things up. Make sure all areas of your home are well lit. Natural light has the most appealing effect. Open all the curtains.
Put away personal items. Trophies, pictures, mementos — all remind potential home buyers that they’re strangers in someone else’s home.
Make each room look as impersonal yet inviting as possible. Stage your rooms as though they were in an attractive furniture store display.
Sniff around. There are probably smells around your home that you’ve become used to, or even like, such as lingering perfume scents in the bathroom or remnant odours from cooking an exotic meal. Try to make your home as scent-free as possible.
Make sure everything works. Check for burnt out light bulbs, running toilets, and derailed closet doors.
A final tip: Unless it’s absolutely necessary, don’t be at the open house yourself. Your presence can be intimidating to potential home buyers, no matter how cordial and helpful you try to be.
Need more tips on selling your home quickly and for the best price? Send us a message by clicking the button below!
*Article Provided by Morris Marketing*

Check Your A-C’s Exterior Unit for Optimum Performance

Before the height of summer arrives, check your central air conditioning’s exterior unit to ensure it is ready to provide you with maximum cooling while using the least possible amount of energy.
First, confirm that the power is off. Then, check that the box sits level, and remove any objects or plants that may restrict its expulsion of interior heat. Remove the outside screen(s) and clean the fan, compressor, condenser coils and fins with a low-pressure garden hose.
Before replacing the screen(s), check that the fan is unencumbered, and that the aluminum fins are not bent. If necessary, you can gently straighten them with a butter knife or A-C fin comb. Next, go inside to replace your interior air filter(s), which can be accessed near the main fan. If filters are washable, clean them at least twice a year. Turn the power back on and set your thermostat to trigger the A-C operation.
If anything is amiss, call for service now, to avoid the rush during the next heat wave. Be sure to ask your technician for a written inspection checklist.
*Article Provided by Morris Marketing*

New Windows Are a True Home Improvement

It’s easy to think of your home’s windows as being visual enablers that merely allow daylight to come in, and you to look out. However, in addition to that function, windows also need to perform, almost as well as walls do, in their role as barriers that protect you from the outside environment.
As a homeowner, if you neglect this critical factor, you may be compromising the comfort and energy efficiency of your home. By paying attention to the condition of your windows’ frames, panes, closure seals and lock mechanisms, you can determine whether they are underperforming. Look for condensation “fog” on or within the glass, as well as loose or rattling sashes and sliders, and dried-out or cracked caulking or weather stripping around the glass and frame.
If you are uncertain, consult a reputable company for an energy leak assessment, then get quotes for windows that are certified for their performance and longevity, and installed with a guarantee. If you decide to buy new windows, consider a design that complements your home’s architecture, as their style can contribute to your home’s resale value, just as their energy efficiency can.
*Article Provided by Morris Marketing*

How to Repair a Large Drywall Hole

Repairing a large hole in your wall is surprisingly easy when you follow a few simple steps:
1. Use a utility knife or coping saw to square the edges of the drywall hole.
2. Cut a patch from a new piece of drywall, making sure it’s slightly smaller than the squared hole – but don’t try to insert it in the hole without a solid backer to stop it from falling in behind your wall.
3. To form a solid backer, cut a piece of scrap wood or another piece of drywall that’s wider than the square hole, and wrap one or two lengths of wire around it. Insert it into the hole and lodge it against the back of your damaged wall by pulling the wire snug. This backer creates a new “bottom” for the hole.
4. Secure the wire on your side of the wall so the backer remains in place, then insert your patch in the squared hole. Apply drywall compound around the edges of the patch, smoothing it flush to the undamaged wall.
5. Allow the compound to dry, then snip the wire before sanding and painting.
*Article Provided by Morris Marketing*