You can search Durham Region Homes For Sale By Owner free of charge. You will not be asked for any personal information. You don't have to signup to receive the information on properties for sale in Durham Region.
HomesByOwner of Durham Region offers FSBO Advertising unmatched by any other company. We provide the exposure that will attract potential buyers to our private sales.
Check out this Toronto Rental. It is 3 bedrooms on the main floor of a bungalow. It is located in the Kennedy/Eglinton area. Close by are restaurants, banks, the subway, etc. Rent is $1,100 plus 1/2 of the utilities.
You can sell privately and save thousands of dollars in real estate fees. The real estate market is heating up. Our sellers are receiving a lot of inquiries about their property. Some are working on offers.
For a few hundred dollars, you can save $10,000, $20,000 or even more in real estate agents commissions. We aggressively market your home to create maximum exposure. Our goal is to place a 'SOLD' sticker on your yard sign. But you are not alone. We will guide you through your private sale.
Call us at 905.718.FSBO (3726) or Toll Free 866.964.FSBO (3726) to list your home on HomesByOwner of Durham Region.
Here are some tips for buying a For Sale By Owner property. More and more private sales are showing up on the market. Buyers now have the option to deal directly with the owner. After all, who knows it better?
Determine your budget. Before you start the process of looking, determine what your comfort zone is. Don't forget to factor in property taxes, utilities and unexpected repairs.
Get pre-approved for a mortgage. You can waste your time if you don't make this your first step. Credit ratings and debt loads will determine what you qualify for. If you don't make this your priority, you can spend a lot of time looking at homes you cannot afford. Another benefit of a pre-approval is the mortgage company will lock in the rate, in some cases up to 120 days. This is great insurance incase rates rise before you take possession of the home.
Search for your new home. It is estimated that 90% of buyers use the internet to search for their next home. You can subscribe to the buyers update option offered on HomesByOwner.com. Popular websites for real estate sales are Kijiji.ca and Craigslist.ca.
Contact the seller. Once you find a private sale you are interested in, contact the owner directly. You will find this a relaxing experience as there is no commissioned sales person involved. Ask your questions and make an appointment to view the property.
Determine if this is the home for you. You might require parks, certain schools for the kids or other factors that will make this a good choice for you. You can change most features in a home, but not the location.
Hire a lawyer. You might find that it is a good idea to get the advice of a lawyer before you go too far. They can help you prepare and offer as well.
Get the home inspected. You can make this a condition in the offer you make. It is a common clause in agreements these days. If the inspector finds something that you will not accept, it is your opportunity to back out of the deal.
Closing the deal. This is where your lawyer earns their fee. They will make sure all the T's are crossed and the I's are dotted. When you are handed the keys on closing day, you can be assured that nothing will come back to haunt you.
As stated earlier, buying directly from the owner has its benefits. No one knows the property better than someone that has lived there for years. Plus there is no pressure to make a move and you have time to 'sleep on it'.
Check out our Durham Region For Sale By Owner website. There you can sign up to receive new and updated listings on HomesByOwner.com.
Selling real estate is a very traumatic time. This is especially true when it comes time to deal with an offer. You are about to sign an agreement that commits you to a sale in the hundreds of thousands of dollars.
Then a buyer comes along and presents you with an insult, not an offer. You will get situations like this whether you are listed with a real estate broker or selling privately. There is no way to avoid it. You have to understand some buyers feel they have to start low to get their best price. This is a misconception on their part.
Should this happen to you, here are some options for you to consider.
You can give them a counter-offer for what you were going to accept as a final selling price. For example, your property is listed at $299,000. The offer presented to you is for $250,000. If your lowest price is $295,000, sign the offer back at that. If they resurface, tell them it is your best price. Should they will not accept it and they walk, you have not lost anything.
Do not touch the offer at all. When the buyer asks why not, you can tell them you will get serious when they do.
Our suggestion is to work with the first scenario. Do your homework and have the listings for comparable properties that sold recently. Supply them with copies when the offer is presented to them.
HomesByOwner of Durham Region recommends that all buyers and sellers consult with a real estate lawyer prior to entering into a written agreement.
A condo status certificate is a health report of the condominium corporation for which it was prepared. It was previously called an estoppel certificate.
Status certificates are generally ordered when a buyer submits an offer to purchase a unit in the condo complex. They will make the agreement conditional upon receiving one and their lawyer reviewing and reporting the findings to them. Based on the information revealed in the report, the buyer will decide whether they want to proceed with the transaction.
The cost of a status certificate is $100 maximum with includes taxes. A written request with the fee is made to the management company, who has up to 10 days to prepare it. The report will include the declaration, by-laws, budget, financial statements, rules, insurance certificate, etc. of the corporation. Also included will be the number of rented units in the complex, as this might be a factor for consideration by some buyers.
The status certificate must disclose the state of the reserve fund. This is the account that money is held in for future updating and repairs of the building(s). Also included are any possible lawsuits and any information regarding the future increase of the monthly maintenance fees.
If you are selling a condo, you might consider ordering a status certificate at the time you put the property up for sale. In most cases, a buyer will insert a condition in their offer requesting one and enough time for their real estate lawyer to review it. As a seller, with the status certificate in hand, you will have enough time to clarify any issues with the management company. By ordering the certificate early, you can save the 10 days the buyer will request in their condition.
Generally the buyer's lawyer will order another status certificate if the closing date is more than 60 days down the road. If you are the purchaser, be prepared to pay $100 for an updated one.
When selling condos, sellers must confirm the monthly maintenance fees. On the Ontario Agreement of Purchase and Sale, they will be required to verify what they pay to the company that manages the condominium. The buyer will want confirmation what the fees are and what they cover.
Condo fees are based on the size of the unit and the cost to run the complex. For example, if the operating costs are $.20 per square foot each month, a 1,500 square foot unit will pay $300,00. A 1,000 square foot unit will pay $200.00 a month. The management company will break the expenses down on a square foot basis. Then this figure is multiplied by the square footage of each unit.
The services that condo fees cover will vary from condo to condo. The most common ones are the:
Water bill. In most cases there is a single water line with one meter that services the complex.
Outside maintenance. This can include snow plowing and cutting the grass.
Maintenance of common elements. These are areas that all unit owners use. For example, the hall ways in a condo apartment building.
Hydro. Some condo complexes do not have individual meters for each unit. The management will receive a single bill from the power company and this expense will be shared by all units.
Building insurance. To insure that the entire complex is adequately covered, the management company will purchase fire insurance. This cost will be paid by all units through the monthly maintenance fees. Each owner must purchase their own contents insurance.
Reserve fund. In Ontario every condo corporation must maintain a reserve fund. Every month a specified amount of money is collected from each unit to contribute to this fund. It is not uncommon for the balance to run into the hundreds of thousands of dollars. The management company will use this money should a repair or maintenance be required. An example is installing a new roof. If this runs $100,000, the money would be available from the fund. This eliminates the need for the company to chase each unit owner for their share.
When purchasing a condo, be sure to confirm what the monthly maintenance fees are and what they cover.
The popular Oshawa Ribfest is returning on September 5th, 6th and 7th. It is hosted by the Rotary Club of Oshawa. This is the 7th year for this event that draws thousands every year.
The setting is at Lakeview Park on the shores of Lake Ontario. It is easy to find if you follow Simcoe Street South to the end. Maps and directions to the Oshawa Ribfest can be found here.
Don't miss the entertainment that this event brings. You can see The Dan Clancy Band, Two For The Show and The Newcomers, just to name a few. On Saturday afternoon, take-in the Las Vegas Rockin' All Star Legends. This includes imitations of Celin Dion, Roy Orbinson and Garth Brooks.
Plan to attend this fun time that takes place the weekend following Labour Day. All proceeds from Ribfest are used by the Rotary Club of Oshawa to support children and youth activities and services in our community.
In some markets, multiple offers can show up whether you are buying or selling real estate. As a seller it is a pleasant experience, while buyers have a different set of emotions to deal with.
Sellers love situations like this. They have 2 or more buyers interested in their home. It is not uncommon for the top bidder to pay the asking price or more. In some areas, the selling price can be tens of thousands of dollars more than they were asking.
The buyer has spent weeks, even months to find the perfect home. They have lost sleep trying to decide what house to buy. With multiple offers they now have an unpleasant situation to deal with. That is assuming they decide to face some competition and submit an offer on a property that already has one.
As a seller let all buyers know that there is more than one offer on the property. Do not disclose any details to others. Tell them they have to give it their best shot.
A buyer submitting an offer has to decide how much they want to pay. They have spent time shopping for the perfect house. A good idea is have a market evaluation completed to determine the value of the property. How much you go over this figure is a decision only you can make.
If you are a seller and accept one of the offers, do not disclose any details to anyone until all conditions have been waived. There are situations where the agreement falls apart. Should this happen to you, you can call the buyer with the competing offer. They might submit a new one, and if so, you don't want it influenced by the one that fell through.
A question we get asked a lot is when is the best time to sell a home. Unfortunately there is really no correct answer. There are years where there is neither a spring or fall market. Sometimes the summer of even the winter is very active.
In real estate there are generally 2 markets; spring and fall. You can expect spring to be the strongest. This is due to owners selling and moving in the summer when the kids are out of school. Others might sell in the fall and move over the Christmas break.
This question is generally asked for 2 reasons. The seller wants a quick sale plus top dollar for their home. Doesn't everybody? To achieve this there must be lots of buyers looking. They are the ones that drive the market.
When is the best time to sell your home? When you decide to move. If you sell in a busy market, you will be buying in the same.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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