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Tula Thomas
Sales Representative

Right at Home Realty Inc., Brokerage
242 King St E, Unit 1
Oshawa, ON  L1H 1C7
Direct Cell:   1-905-706-5136
Toll Free:       1-866-706-5136
Direct Office: 905-665-2500
Email: tula@tulathomas.com

TonySlavin Nov 2016

Tony Slavin
Broker

Right At Home Realty Inc
Brokerage
Real Estate Broker since 1998
Mortgage Broker #M08005434
Commercial Council Member
Former Bank Manager
My LinkedIn

Toll Free : 1-888-430-9819
Direct Cell : 905-767-0101
Email : tony@allaboutwebservices.com


GTA Local
905-767-0101

 

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As the real estate market cools, individuals and families considering buying a new home must evaluate many factors. Every search of homes for sale has common elements: location, proximity to good schools and employment, area attractions and distance to family and friends. Some evaluating the market may wish for an older home while others who want to buy a new house prefer the modern amenities common to most new homes offered by various new home builders.

It is a buyer's market and every new home builder is competing for a shrinking pool of customers. Every home buyer is unique yet each will come across dozens of names when researching the homebuilder industry.

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If you been in the real estate investing business, or more specifically been flipping real estate, for more than a few days, you've inevitably gotten an email that reads something like this:

"Investor's Dream. This property will go QUICK.

  • Property Address: 1234 Main Street
  • Asking Price: $100,000 (Add or subtract zeros!)
  • After Repair Value: $150,000
  • Repairs: $15,000
  • Profit: $35,000
  • Details: Needs paint, carpet, tile, new kitchen, update bathroom, some roof damage.
  • Tenant occupied. Need to evict!"

STOP! Before you read on... Take a guess at what you think the "real" profit's going to be on this real estate investment...

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If you are wondering what Home Staging (or House Fluffing) is all about, here is a definition for you: MSN Encarta dictionary defines Home Staging as the act of "beautifying a home for sale: cleaning, repairing and updating the decor and furnishings of an older home to make it more attractive when shown to potential buyers." Actually, I believe that ANY home can use some staging before being put on the market. Remember, the way we live in a home and the way we want to sell a property are two completely different things. When we sell a property, there is no room for emotions - after all, it's probably our biggest financial investment and, so, we want the biggest possible return on it!

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If you are in the process of purchasing a new home, it will definitely be in your best interest to have a home inspection done.

Not only will you want to have a home inspection done for your own sake, and peace of mind. But most lenders will require that you have a home inspection before they will proceed with the loan. The lending institution has just as much interest in the home as you do, so that is why they require a home inspection.

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