Monthly Archives: May 2019
Why Is A Status Certificate Necessary When Buying a Condo In London Ontario?
When people think of the financial position of a condominium, they believe it regards the amount of money in the reserve fund. The myth that has grown up around this is that a condo corporation with a large amount of money is in better shape than a condominium with a much smaller sum of money... Read More
Talk To Your Condo Manager Before Selling a Condo in London Ontario
When thinking about selling a condo in London Ontario, besides the price and whom you select to represent you, why not get in touch with your condo corporation before you list it on MLS? 99% of the time, when you and the buyer agree on the price, there will be a conditional clause that states that... Read More
Shopping For a London Ontario Home To Buy?
When you go shopping for a London Ontario home, there are two homes competing for your attention: the one that meets your needs, and the one that fulfills your desires. In one of the greatest financial books ever written, ‘The Richest Man in Babylon’, George Clason writes that there are two kinds of study: the one... Read More
Why Being Pre-approved Before Buying A Home in London Ontario is Important
Being pre-approved before buying a home in London, Ontario, is necessary in today’s market if you are serious about getting the best place for you without disappointment. Years ago, buyers didn’t worry about financing their home purchase until they found the home they wanted. Once they had an accepted offer, they’d shop around for a week... Read More
Investing In Real Estate London Ontario Cash Flow
Real Estate Investing London Ontario When investing in income properties in London, Ontario, do you look at cash flow only or do you look at just the purchase price or consider both? A silly question? I work with a lot of investors, and it amazes me that when considering cash flow, their numbers and mine do... Read More
Single Floor Homes London Ontario Are In Demand
Single floor homes in London Ontario, be it houses such as a ranch or a bungalow, or a one-floor condominium townhouse or a townhome are in demand. As with any city, some neighbourhoods are highly sought after and perhaps a few you may want to be cautious before purchasing! The demographics in London is changing... Read More
What Updates To Your London Ontario Home Make More Sense If Selling?
What updates to your London Ontario Home make sense ( or should I say dollars?) if selling and planning to buy? Are you worried about spending wisely and getting your money back and more? The most important question to ask yourself is:” How long am I going to stay here?” If you plan to stay... Read More
Is Selling a Home In London Ontario Taxable
Is selling a home in London Ontario taxable? What about my principal residence? The gain on the sale of real estate is a capital gain unless the property has been purchased with the intent of reselling at a profit, or developed and sold as a business endeavour. If it is considered a business transaction, the entire profit or loss... Read More