40+ “nobody ever explained it like that” Answers to Realty Questions (from my Nov 19/13 Post) —a revived tradition #UncleBobExplains

reply to “More buyers pushed out of market…for now”

This article exemplifies two or three of my pet peeves about newspaper writers, headline writers and print/post editors when the add stories on Real Estate and quote “experts” from the Stock/ Bond/ Financial Derivative/ Wealth-Mgmnt fee-gathering / wholesale REIT-flogging businesses   … who have competing “dogs in the hunt” for consumer investment $$$ Tuesday, 26…

What!/! Homes are still selling at $210,200 overlist!!

Initially I called this post “Exclamation of true market condition” now it’s called “Things aren’t always what they seem to be”   FIRST POSTING $210,200 OVER asking and my client STILL didn’t get the property!!! Market slow down?!? I think not people. See Generic Post Below SECOND POST List price was $599,800. My opinion of…

HOMEBUYERS’ BILL OF RIGHTS

Home Buyers’ Bill of Rights Concept Courtesy of Accredited Real Estate Buyer’s Agent Council National Association of Realtors Modified by ‘Uncle Bob’ (#4 added) You have the right to remain silent Anything you say may be used against you when buying a home You have the right to be represented You also have the right to…

So you want a Variable Rate Mortgage?

I received this synopsis in an eblast on Nov 14/13 from Marcus Tzaferis of MorCan Direct 1006 King St W, Toronto, On M6K 3N2 info@morcandirect.com and I concur, see points at end of MorCan post: So…. You want to get a Variable Rate Mortgage. Be careful, some of the offers out there right now will…

HOMES ON MY STREET ARE NOT MOVING.-IMPLICATIONS & INDICATIONS.

Homes on my street are not moving.-Implications & Indications.     JUNE 20, 2010 M, In reply to your question “I notice that none of the houses on my street are moving. About 4 up for sale now for some time“ Forecasting is a fool’s game – I’m wrong at least 60% of the time…

IS ALUMINUM WIRING DANGEROUS?

Is aluminum wiring dangerous?     Q….Is aluminum wiring dangerous?from Zoocasa Ask the Pros A…. Robert Ede The wires are not dangerous – it’s the connections to receptacles, switches and fixtures that was the cause of a problem in the 1970’s. Back then, the price of copper and copper wire rose. Some builders chose to use…

WHAT IS A ‘BIDDING WAR’?

What is a ‘bidding war’?     Q….. What is a bidding war? from Zoocasa ASk the Pros Two kinds:  Natural & Planned. The Natural bidding wars is nothing more than two simultaneously current offers being considered separately (but with details of both kept private) A “planned” Bidding war is a purposed strategy created by the…

HOW DO REAL ESTATE AGENTS GET PAID?

How do real estate agents get paid?     From Zoocasa ” Ask the Pros” Q ….How do real estate agents get paid? A….Robert Ede  This is another “Backwards to First impressions” aspect of life ( and Buying/Selling Real Estate is the Quintessence of Life).  In a Seller’s market, Buyers pay a premium over the Seller’s…

HOW MUCH DOES THE CMHC INSURANCE COST?

How much the CMHC insurance cost?     Q…..How much does the CMHC insurance cost? from Zoocasa Ask the Pros A…. Robert Ede  High Ratio (ie the ratio of Mortgage Amount to Property Value) Mortgage Insurance is offered by CMHC and a few other smaller players in Canada. The original idea (National Housing Act)was to support…

WHAT IS UFFI AND HOW DOES IT AFFECT ME?

What is UFFI and how does it affect me?     A….What is UFFI and how does it affect me? From Zoocasa ASK THE PROS A …… Robert Ede UFFI is a substance that if improperly installed can emit formaldehyde gas (as does new particle-board furniture & cupboards, carpetting and the hunman body) After a period…

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