Joey's Blog

Canadian Mortgages are compounded semi-annually while US Mortgages are compounded monthly. A rate of 5.3% advertised will be higher on the US side. Joey Khan, GREATER TORONTA AREA (GTA) REALTOR®  Specializing in Residential and Investment Real Estate Re/Max Realty Specialists Inc., Brokerage Offi...

1. Calling a fsbo2. Not listing on the web3. not choosing a realtor4. not being pre-qualified/pre-approved 5. not hiring a home inspector6. overbuying7. know all closing costs8. listen to the experts9. not signing a buyer agency10. having buyer's remorse See: http://www.toronto-homes-guide.com/da...

This depends on your region and your agent. Good Realtors would have no problem with terminating the listing agreement if the seller at any point is unhappy.   Joey Khan, GREATER TORONTA AREA (GTA) REALTOR®  Specializing in Residential and Investment Real Estate Re/Max Realty Specialists Inc., B...

Baby boomers own more real estate than any other age-segment group. Their share of the market is currently at 1/2 of all Canadian properties and they make up only 1/3 of the population It is the greatest segment of the population when it comes to real estate.  Joey Khan, GREATER TORONTA AREA (GTA...

Re-listing has been a frequent tactic used by real estate agents to prevent MLS and REALTOR listing searches from revealing how long a home has truly been on the market or sometime to cover up price reductions. But a sharp REALTOR® can find out and keep you the buyer informed.   Joey Khan, GREAT...

This is another question, I get asked a lot. You should put down what you feel comfortable to put down. I suggest that you should put as much as money you have to put down minus two months living expense. Because in the term of your mortgage you are not paying as much interest as putting little—...

This is a question that many renters have thought about. Like anything in life everything has it flaws and so does home-ownership. The drawbacks can be larger monthly payments, maintenance of grounds, taxes, etc. The positives can be security, increase in net worth, etc. See also: http://toronto...

  Foreclosure is a legal process whereby property used as security for a debt (mortgage) and is sold to satisfy the debt (mortgage) in the event of default in payment of the mortgage. To read more about the Foreclosure process in Ontario: http://toronto-homes-guide.com/foreclosureson.php  Joey Kh...

Generally, whatever you feel comfortable with. While, keeping in mind that the seller in a multi-bid situation will accept the offer that has the best terms and conditions, including purchase price and deposit. What I have noticed is that buyers generally put down between 2-3% of the asking price...

Dual Agency is when the same real estate company represents both the buyer and seller regardless of having different salesperson  Joey Khan, GREATER TORONTA AREA (GTA) REALTOR®  Specializing in Residential and Investment Real Estate Re/Max Realty Specialists Inc., Brokerage Office: (905)-858-3434...