Tyler Tim Realtor

  Here is a checklist of things to do before, during and after buying a House:   ·          Do your research on Mortgage rate ; Make sure to check all the banks and see who is offering the lowest mortgage rate in the market today.   ·          Keep Your Credit Score high; if your credit is below 660 you will end up paying sizable fees or a higher down payment. Clients with credit score 750 and above usually get the best mortgage rate in the market. You can increase your credit by not apply for new credit cards at least a year before applying for mortgage.   ·          Realistic Debt-to-Income Ratio, Calculate the mortgage payment with all the expenses and make sure that it does not exceed your income.   ·          Do not forget the loan fees; Make sure to put money aside for closing cost. For a $200,000 mortgage, closing costs run (depending on where you live) from $2,300 to $4,000.   ·          Save Money; Money in your bank account makes

      This article is called How four buyers found a Toronto house for under $500,000 . It was posted by Susan Pigg and appeared on The Star website. It was published on April 22, 2015. This article discusses about how these four first-time home buyers found houses in Toronto which were under $500,000. These houses they found may not offer the right amount of space and located where other buyers have taken for granted. But they most likely offer one or two bedrooms and have a backyard at a well average sale price in the Greater Toronto Area. Surprisingly, about 90 houses were sold for under $500,000 in the first two weeks of April’s peak spring buying market in the GTA. Buyers can find a house under $500,000 it just takes time and patience. Having the right agent to assist you is key.   Reference: Pigg, S. (2015). How four buyers found a Toronto house for under $500,000 . Retrieved from Toronto Star: http://www.thestar.com/business/2015/04/22/how-four-b

  This article is called Six tips to survive showing your home and making the sale. It was posted by Henrietta Walmark and appeared on Metro website. It was published on April 8, 2015. This article discusses about tips to survive showing your home so you can make a sale.   Here’s what to do and expect when showing your home: 1.        Move out ·          Clients with children or pets, its less disruptive if they temporary move out so the agent can book more appointments and it’s easier to get around the house when you’re showing it. 2.        Stop cooking ·          It better to have fresh smelling house because a house that smells like food might distract them. 3.        Board the pets ·          When showing a house it’s better to have pets away from house because pets can smell and some people might assume the house is dirty because owner of the house has pets or another reason is they don’t like pets. 4.        Keep it kid-friendly ·          For cl

This article is called Home Inspection Checklist: What to Look for When Buying a Home. It was posted by Aaron Joshua Barroso and appeared on Zoocasa website. It was published on March 27, 2014. This article discusses about how making a decision for buying a real estate can be stressful, but the key is to take every step necessary to prevent yourself from buying a bad property. Here are some tips to make sure the house is stable before making a final decision. Inspect the plumbing; make sure to turn on all the taps in the kitchen and bathroom to check if everything is in working condition. Look up while inspecting the property to check if there is water leakage stains on the ceiling. Involve a professional to inspect the property if you encounter vertical and horizontal crack in the ceiling and the gap along the doors and windows. Make sure to check everything around the house is in working condition by opening a closing it. Inspect the backyard for any dead or hazardous tree

  This article is called Toronto house prices surge 10 per cent in March; no relief in sight. It was posted by Susan Pigg and appeared on The Star website. It was published on April 7, 2015. This article discusses about prices of Toronto homes went up 10% per cent in March compared to over a year ago due to high competition for high-end houses. Also, new listings were up 5.5 per cent in March compared to a year ago. According to the figures released on Tuesday by the Toronto Real Estate Board, sales were up 11 per cent. Throughout the spring season we will continue to see strong competition between buyers and sellers.   Reference: Pigg, S. (2015). Toronto houses prices surge 10 per cent in March; no relief in sight . Retrieved from The Star: http://www.thestar.com/business/2015/04/07/toronto-house-prices-surge-10-per-cent-in-march-no-relief-in-sight.html      

  This article is called Condo market feels heat as house prices soar . It was posted by Susan Pigg and appeared on The Star website. It was published on March 31, 2015. This article discusses about a  demand and competition for bigger and unique condos because the prices of houses are too high and are climbing in Toronto. This leads to bidding wars against buyers for condos and buyers are bidding way higher than the asking price. For instance, recently a two bedroom condo was sold for $15,000 over the $419,900 asking price at 77 Maitland Place in Toronto. Luckily, right now the interest rates for houses are low and buyers should take advantage on that because you know that won't last long and interest rates will eventually go up.   Reference:   Pigg, S. (2015). Condo market feels heat as house prices soar . Retrieved from The Star: http://www.thestar.com/business/real_estate/2015/03/31/condo-market-feels-heat-as-house-prices-soar.html  

  This article is called Thinking about Investing in a Rental Property . It was posted by Dustin Graham and appeared on The Canadian Real Estate Wealth website. It was published on March 12, 2015. There is more to renting a property than meet the eye. There are things to consider when making your and your tenant’s life easier.   Upgraded units go on higher rent and will have more attention from tenants. The keys thing is to always keep the unit up-to-date and clean. Offer your help with the upgrade and the maintenance of the house. Always be available to your tenant with all the property needs. Show your appreciation towards the tenants and keep a healthy relationship. Make sure you know all your rights and legal obligations towards your property and the tenant. By doing these things, you are making your reputation as a property investor and won’t have difficulties finding tenants in the future.   Reference: Graham, D. (2015). Thinking about investing in a rental pr

  This article is called Condo buyers, in ‘enormous shift,’ saying no thanks to parking . It was posted by Alexandra Posadzki and appeared on The Star website. It was published on March 19, 2015. This article discusses about why condo buyers are not looking to buy parking spots that much anymore especially in the downtown Toronto areas. It is due to easy access to transit services, share car services and walkability to areas they have to go to. Therefore, condo owners that have pre-construction condos are planning to apply to the city to have the building’s parking requirement reduced.   Reference:   Posadzki, A. (2015). Condo buyersm in 'enormous shift' saying no thanks to parking . Retrieved from The Star: http://www.thestar.com/business/real_estate/2015/03/16/condo-buyers-in-enormous-shift-saying-no-thanks-to-parking.html  

  This article is called BMO cuts one 5-year mortgage rate amid falling outlook for home sales. It was posted by Madhavi Acharya-Tom Yew and appeared on The Star website. It was published on March 17, 2015. This article discusses about how BMO reduce their five-year mortgage rate from 2.99 per cent to 2.79 per cent due to fear of slow down in real estate and rising household debt. Many other Canadian banks have matched BMO’s reduce mortgage rate also. Five year mortgage rates are one of the most common ways customers can finance the buying of a new home. During spring time, banks are in competition because buyers and sellers tend to be more active.   Reference:   Yew, M.-A.-T. (2015). BMO cuts one 5-year mortgage rate amid falling outlook for home sales . Retrieved from The Star: http://www.thestar.com/business/real_estate/2015/03/17/bank-of-montreal-cuts-one-5-year-mortgage-rate-effective-now.html  

    This article is called Average price of Toronto detached home shoots past $1 million. It was posted by Susan Pigg and appeared on The Star website. It was published on March 4, 2015. This article discusses about how the average price of Toronto homes are up to $1 million and it’s the first time in the city’s history according to the Toronto real estate board. In February, the average sale price in the city was at $1,040,018 which established an 8.9 per cent increase at around the same time last year according to the real estate board. The cause of the average price of a Toronto house to rise up is due to the lack of inventory for single-family homes.   Reference:   Pigg, S. (2015). Average price of Toronto detached home shoots past $1 million . Retrieved from Thestar: http://www.thestar.com/business/real_estate/2015/03/04/average-price-of-toronto-detached-home-shoots-past-1-million.html# 

  This article is called Spring real estate market heats up in Toronto, Vancouver: realtors. It was posted by Alexandra Posadzki and appeared on the CTV News website. It was published on March 10, 2015. This article discusses about an expectation that the spring real estate market will be hot in both cities this year. In Toronto, with the extreme cold temperatures you would think that the sales would be cooling down but instead the demand of homes continues to increase. There was a high competition between buyers due to active home listing that had dropped at the end of February by 8.7 per cent from a year ago. In February, Toronto home sales grew 11 per cent from a year ago. While in Vancouver sales were up 21 per cent in February compared to last year. In both cities the average price of a detached house is over $1 million. Also, the real estate markets will start to cool down once the interest rates begin to rise.   Reference:   Posadzki, A. (2015). Spring real

    This article is called The top 10 Home Buying Mistakes. It was posted by John Pasalis and appeared on the Move smartly website. It was published on February 24, 2015. This article discusses about the top 10 home buying mistakes people make. Therefore, make sure you avoid these mistakes.   Here are the top 10 Home Buying mistakes: 1.       Hiring the first agent they meet 2.       Not Having an Easy Exit Guarantee in their Buyer Representation Agreement 3.       Not Reading their Buyer Representation Agreement 4.       Not exploring neighbourhoods 5.       Buying for today, not for tomorrow 6.       Spending whatever the bank will give them 7.       Falling for the staging 8.       Always relying on the seller’s home inspection 9.       Not doing any due diligence before making an offer 10.   Not knowing what the house is worth before making an offer   Reference: Pasalis, J. (2015). T

    This article is called Toronto mystery bunker remain a mystery. It was posted by Paola Loriggio and appeared on the Caledon Enterprise website. It was published on February 24, 2015. This article discusses about the police finding a tunnel in Toronto near the Rexall centre which was discovered last month near a Pan Am Games venue. The mystery still remains the same as they are still investigating who built this tunnel. The police say they don’t have any evidence that can be criminalizing and digging a hole is not against the law. Also, the tunnel was mostly likely built during the summer or fall time. What the police found in the tunnel was plywood wall supports, a generator, moisture resistant light bulbs and a sump pump in the chamber. They also found a rosary with a Remembrance Day poppy nailed on to a wall in the chamber and food and beverage containers. The tunnel is about two metres high, 86 centimetres wide and 10 metres long which one police said the tunnel must have

  This article is called HBC forms new real estate joint ventures. It was posted by David Friend and appeared on the Global News website. It was published on February 26, 2015. This article discusses about how the Hudson Bay Company has announced that they will partner up with real estate companies in Canada and United States. RioCan, based in Toronto, will partner for the Canadian properties and Simon Property Group, located in Indianapolis, will be responsible for U.S. properties. The two re al estate companies will be putting in $670 million in cash and properties. Their goal is to diversify their real estate portfolio.     Reference:   Friend, D. (2015). Hudson Bay Company forms new real estate joint ventures . Retrieved from Global News: http://globalnews.ca/news/1849364/hbc-forms-new-real-estate-joint-ventures/