Real Estate Questions and Answers 2012

[nepean19]

FYI I just added the markham new listings to my twitter page if anyone wants 'em.

https://twitter.com/#!/AllardTeam

Feedback pleaaaaaase!

Thanks

[nepean19]

All those asking for comparables in their area, well, I just sent them, sorry for the delay!

[budwizestest]

Whats your view for semi detached homes pricing in mississauga?

Could you also comment on what the going price would be for a semi-detached in East York (just north of Cosburn or south of O'Connor between Pape and Donlands)...the house has upgraded electrical wiring, gas boiler, and renovated bathroom.... 3 bedrooms, 2 baths and a finished basement. was last sold in fall of 2010 for 440,000 without the upgrades i mentioned.

[riz1]

This may not apply to all but for folks that are renters and want to take advantage check out the program offered by Peel Region

The Home in Peel Affordable Ownership Program is designed to provide low-to-moderate income residents who are currently renting a unit the opportunity to qualify for down-payment loan assistance to buy a home in Peel Region.

This program will assist eligible applicants who have a total gross (pre-tax) household income of $80,000 or less to purchase a resale home in the Region of Peel (Brampton, Caledon or Mississauga) that does not exceed a purchase price of $280,000.

The Down Payment Loan
The down payment assistance will be up to $15,000.

Repaying the Loan
The down payment loan is for a 20-year period and no interest is charged if:

The home remains the sole and principal residence of the owner. The home is not to be rented, leased or sold in the 20-year period.
On the 20th anniversary date of the agreement, the loan is automatically forgiven provided there has been no default.
Repayment of the loan is required when:

The home ceases to become the sole and principal residence of the owner.
The home is sold before the 20-year affordability period.
If during the 20 year affordability period, the property is resold, transferred, or otherwise disposed, and an appreciation in value is incurred, the purchaser will be required to pay back to the Region of Peel the loan and 5% of the appreciation.

If the home is sold for less than the original purchase price, the owner does not pay appreciation and the principal is forgiven (the sale must be at fair market value and must be an arm’s length transaction).

Please follow the link below for details of the program,

http://www.peelregion.ca/housing/home-in-peel/

[DubKrazy]

My sister tried to put an offer for a condo, but it doesn't seem like the agent is even giving the offer to his client. He simply denies the offer but the seller hasn't signed back denying it. Is there any recourse? Judging from the listings, we don't believe our offer is too low.