💵 24th July 2024 - Toronto Newcomers Forced To Pay Thousands In Rent Up Front!

💥 Wednesday 24th July 2024 💥 Questions Agents Hate! Hot News Daily: Greater Toronto Real Estate! "Unlocking Real Estate Opportunities: Expert Reports & Fresh Listings!" "Hot News Daily: Greater Toronto Real Estate" is your go-to source for the freshest and most exciting updates in the GTA real estate market. Every day, we deliver the hottest news, trends, and insights, ensuring you're always in the know about the latest developments. From market shifts and investment opportunities to must-see properties and expert opinions, our daily updates cover all the bases to keep you ahead of the curve. Stay informed and make smarter real estate decisions with "Hot News Daily: Greater Toronto Real Estate." Are there any industry-specific secrets or insider tips that REALTORS® may be hesitant to share openly with clients, and how can buyers approach these topics sensitively? While most REALTORS® aim to provide transparent and comprehensive service to their clients, there are certain industry-specific insights or "secrets" that may not always be openly discussed. Here are some of these insights and how buyers can approach these topics sensitively: Industry-Specific Insights Negotiation Tactics: Commission Flexibility: REALTORS® may be willing to negotiate their commission, especially in competitive markets or during slower periods. Motivated Sellers: REALTORS® often know which sellers are highly motivated and might accept lower offers but may not always disclose this upfront to protect their negotiating position. Market Conditions: Upcoming Developments: Information about future developments or zoning changes that could affect property values may not always be fully disclosed. Off-Market Listings: Some properties are sold off-market (also known as pocket listings) and may not be widely advertised. Property Issues: Disclosure of Defects: While REALTORS® are legally obligated to disclose known defects, there might be less obvious issues that they suspect but aren't confirmed. Staging Tricks: The use of staging to hide flaws or enhance the appeal of a property might not be fully explained. Financing Insights: Preferred Lenders: REALTORS® may have preferred lenders who provide them with referrals or incentives, which might not always be the best option for the client. Loan Approval Tips: Specific tips to improve loan approval chances, like the timing of application or handling of credit inquiries, might not be fully shared. Offer Strategies: Multiple Offers: Strategies for dealing with multiple offers or bidding wars, including when to escalate prices and how to craft offers that stand out, might be nuanced and not fully explained. Contingencies: The importance and impact of various contingencies (e.g., financing, inspection) might not be fully emphasized to avoid complicating the transaction. How to Approach These Topics Sensitively Ask Open-Ended Questions: Encourage detailed responses by asking open-ended questions like, “What can you tell me about the negotiation process?” or “Are there any upcoming developments in this area that might affect property values?” Express Your Concerns: Politely express your concerns or areas where you need more information. For example, “I’ve heard that some properties are sold off-market. Do you have any insights on how we might find these opportunities?” Request Full Disclosure: Request comprehensive disclosure about property conditions and market conditions. For example, “Can you provide detailed information on any potential issues with this property?” or “Are there any new developments or zoning changes planned in this area?” Seek Clarification on Recommendations: When your REALTOR® recommends certain lenders, inspectors, or other professionals, ask for the reasons behind their recommendations. For example, “Why do you recommend this lender? Are there specific benefits compared to others?” Inquire About Offer Strategies: Ask for detailed advice on crafting offers and negotiating. For example, “What strategies do you recommend for making a competitive offer in a multiple-offer situation?” Discuss Commission: If you’re comfortable, discuss the commission openly. For example, “Are you open to negotiating your commission? What factors might influence this?” Research Independently: Supplement your REALTOR®’s advice with your own research. Look into market trends, financing options, and property conditions to ask informed questions. Building Trust Communicate Clearly: Build a trusting relationship by being clear about your needs, preferences, and concerns. Transparency: Show your willingness to engage in transparent discussions, which can encourage your REALTOR® to be more open as well. Mutual Respect: Approach sensitive topics with respect and understanding that your REALTOR® has professional constraints and obligations. By asking informed questions, expressing concerns respectfully, and conducting your own research, you can uncover valuable insights that might not be initially disclosed and ensure you make well-informed decisions in your home-buying process. Toronto newcomers forced to pay thousands in rent up front Some newcomers to Toronto’s expensive and competitive rental market say they’re being forced to pay up to a year’s rent in advance to secure a lease. Experts say it may be unfair, but it's not illegal. cbc.ca READ MORE ... 'Harder than anything': Ontario family's mortgage payments to increase by more than $2,000 An Ontario mother said her mortgage payments are about to practically double – translating to more than $2,000 extra per month if interest rates don’t dip on Wednesday – and it’s 'harder than anything' she’s ever faced. toronto.ctvnews.ca READ MORE ... Here are the signs you're ready to downsize your home Amid the cost-of-living crisis, many Canadians are looking to find ways to save money, such as downsizing their home. But one Ottawa broker says there are several signs to consider before making the big decision. ottawa.ctvnews.ca READ MORE ... The Cheapest Houses You Can Buy in July 2024 - HGTV Canada Looking for an affordable new place to live? Check out our cheapest real estate listings across Canada in July! hgtv.ca READ MORE ... Condo and detached homes prices are continuing to rise in the GTA | insauga Recent reports have revealed the current state of the condo and detached home market in southern Ontario, specifically, how inventories are skyrocketing and properties are not selling.   As a result of ongoing trends, real estate experts at Zoocasa have been monitoring fluctuations in the ongoing landscape of stagnant listings.  According to Zoocasa, the results, are […] insauga.com READ MORE ... Rental of the Week: $4,250 for a never-occupied apartment with a pet spa and a Raptors court - Toronto Life 1,077,815 Torontonians can’t be wrong. torontolife.com READ MORE ... How do Canadians Define Liveability in Today’s Housing Market? While affordability is a critical component in the home-ownership journey, a new report identifies other liveability factors to consider. blog.remax.ca READ MORE ... ‘A big green light to cut’: What to expect from the Bank of Canada this week - National | Globalnews.ca The Bank of Canada is set for another interest rate decision on Wednesday, with most economists and market watchers betting on another cut. Here's what to expect. globalnews.ca READ MORE ... Weekly mortgage digest: Fixed rates trending downward ahead of expected BoC cut - Mortgage Rates & Mortgage Broker News in Canada This week’s digest highlights the past week's key mortgage news, including the downward trend in fixed mortgage rates as lenders respond to lower bond yields. canadianmortgagetrends.com READ MORE ... 1 in 4 Vancouver tenants spending more than half their income on rent: report The path to homeownership in Vancouver is becoming increasingly out-of-reach for many renters. bc.ctvnews.ca READ MORE ... B.C. tenant leaves unit smelling of 'animal urine and feces' The landlord's son refused to move in due to the horrible condition of the space. vancouverisawesome.com READ MORE ... London rental crisis: rents in the capital break a new record once again The market remains ‘out of balance and difficult for tenants’ says Rightmove, as charity sounds the alarm over debt ca.news.yahoo.com READ MORE ... What a Bank of Canada rate cut on Wednesday could mean for your mortgage "Some borrowers are going to see more money in their pocket, and some are going to see a little bit of a boost in the equity they're building up." ca.finance.yahoo.com READ MORE ... Industrial Real Estate for Beginners RE/MAX experts have the knowledge and skills you'll need to secure highly sought-after industrial real estate. Get a RE/MAX professional working for you today! blog.remax.ca READ MORE ... Vancouver real estate: most expensive price per square foot Metro Vancouver is home to eight of the top 10 most expensive places to buy a home in Canada, if you're looking at price per square foot. vancouver.citynews.ca READ MORE ... When Renting Beats Buying a House in Canada If you have the discipline to save, here’s the case for renting instead of owning a Canadian home.  morningstar.ca READ MORE ... Rental of the Week: $180,000 a month for a Hamptons-themed Muskoka getaway with a helipad - Toronto Life 1,077,815 Torontonians can’t be wrong. torontolife.com READ MORE ... Appalling ad for apartment in Brampton offers free rent for 'friends with benefits' The GTA keeps on living up to its reputation of having steep rent prices for, at times, unliveable housing situations, with yet another "horro... blogto.com READ MORE ... Toronto house being sold for first time is basically a 1960s time capsule Nestled within Toronto's charming Guildwood Village is a home that's been lovingly maintained by the original owners since 1963—talk about dedicati... blogto.com READ MORE ... Canadian Real Estate Won’t Get A Boost From Next Rate Cut: BMO - Better Dwelling The Bank of Canada (BoC) is widely expected to cut its overnight rate this week, but it won’t boost real estate activity. That was the take from BMO Capital Markets, which sees little to no impact from the move. In a research note to investors, the bank explains that bond markets have already priced in […] betterdwelling.com READ MORE ... Editor's Note "Welcome to my Newsletter Page! I am a professional Real Estate Agent in Toronto GTA with an Architectural background from India. With a unique combination of design and real estate knowledge, I am dedicated to helping clients find their dream home. My expertise in both fields allows me to understand the potential of a property and how to best showcase it to potential buyers. I am committed to providing excellent service and going above and beyond for my clients. Let me help you navigate the real estate market and find your perfect property in the Greater Toronto Area & Surroundings. Contact me today!" Click Here For Hot New Toronto Regional Real Estate Board [TRREB] MLS® Listings. Call | Email me for more Info on any GTA Listings, Buying, Selling, Investing or Homebuyer's queries. Click Here to View Listings like Real Estate Agents. Click Here For HOMES & CONDOS In Toronto. Click Here For PRE-SALE CONDOS in Toronto. How does Rent-To-Own Homes works? Click Here for Power of Sale Listings. Manoj Atri, REALTOR®  Experienced Toronto GTA Sales Representative with Architectural Background. My forte: Power of Sale | Bank Foreclosures | Fixer-Upper | Rent-To-Own Homes All types of Credits Low or Zero down With Bank Cash-Back + Cash For Renovations Info & Much More... Re/Max Hallmark Realty Ltd., Brokerage 401-685 Sheppard Ave E, Toronto ON M2K 1B6 Cell: [416] 275-2089 | Office: [416] 494-7653 | Email: Manoj@ManojAtri.com Websites:   Homebuyer Hub | ManojAtri.com | ManojAtri.ca SearchRealEstateInToronto.ca | Rent-To-Own Homes | ManojAtri.ReMaxHallmarkRealty.ca  Social Media: Facebook Profile • Blog • Pinterest • Tumblr Subscribe To My FREE Daily Curated Hot News Articles e-Newsletter! © Copyright 2023 ManojAtri.com All rights reserved. "Disclaimer: Articles in this newsletter are generated by AI." If you no longer wish to receive these Emails, please Unsubscribe Here