😡 4th July 2024 - Ottawa Landlord Left With Hefty Bill After Tenant Trashes Rental Property!

💥 Thursday 4th July 2024 💥 Buyer Mistakes: FREE Report! Hot Headlines: GTA Real Estate Daily! "Your Real Estate Roadmap: Free Reports & Hot New Listings!" "Hot Headlines: GTA Real Estate Daily" brings you the most compelling and up-to-date news from the Greater Toronto Area real estate market. Every day, we curate the top stories, expert analyses, and key trends to keep you informed and ahead in the dynamic world of real estate. Whether you're looking to buy, sell, invest, or stay informed, our daily roundup ensures you get the essential insights and updates you need. Stay in the loop with "Hot Headlines: GTA Real Estate Daily" and make informed decisions in the ever-evolving GTA real estate market. In What Ways Can Home Buyers Navigate the Risks of Making Decisions Based Solely on Online Listing Information? Navigating the risks of making decisions based solely on online listing information requires a multi-faceted approach to ensure that home buyers are making well-informed choices. Here are several strategies home buyers can use to mitigate these risks: 1. Conduct In-Person Visits Schedule Showings: Whenever possible, visit the property in person to get a real sense of the space, layout, and condition. Open Houses: Attend open houses to see the property without the pressure of a scheduled showing. 2. Hire a Professional Inspector Home Inspection: Always hire a licensed home inspector to thoroughly evaluate the property for structural issues, pests, and other potential problems that may not be visible in online photos or descriptions. Specialized Inspections: Consider additional inspections for specific concerns, such as radon, mold, or foundation issues. 3. Work with a Real Estate Agent Local Expertise: Engage a knowledgeable real estate agent who can provide insights into the local market and identify any red flags that might not be apparent online. Property History: Agents can access detailed property histories and provide context about why a property might be listed at a particular price. 4. Research the Neighborhood Visit the Area: Spend time in the neighborhood at different times of day and on different days of the week to assess noise levels, traffic, and overall environment. Crime Reports: Check local crime reports and statistics to understand the safety of the area. School Ratings: Look into the quality of nearby schools if you have or plan to have children. 5. Verify Listing Information Cross-Check Listings: Compare the listing across multiple real estate websites to ensure consistency in information. Public Records: Verify details such as property size, tax information, and ownership history through public records. 6. Use Virtual Tours and Videos 3D Tours: Take advantage of 3D virtual tours and video walkthroughs to get a better sense of the property's layout and condition. Live Video Tours: Request a live video tour with the agent to ask questions in real-time and focus on areas of particular interest. 7. Ask Detailed Questions Condition and Age: Ask about the age and condition of key systems and appliances, such as the roof, HVAC, plumbing, and electrical systems. Renovations: Inquire about any recent renovations or repairs and request documentation or permits for the work done. 8. Evaluate Market Comparables Comparable Sales: Look at recent sales of similar properties in the same neighborhood to understand market value and avoid overpaying. Days on Market: Consider how long the property has been on the market, as extended listings might indicate issues not disclosed online. 9. Understand the Listing Agent’s Role Agent's Reputation: Research the listing agent’s reputation and track record to gauge their reliability and professionalism. Motivation: Try to understand the seller’s motivation for listing the property, which can provide insight into pricing and urgency. 10. Review Homeowners Association (HOA) Rules HOA Documents: If the property is part of an HOA, review the rules, fees, and meeting minutes to identify any potential issues or restrictions. Community Assessments: Check for any planned community assessments that could lead to unexpected costs. 11. Consider a Contingency Clause Inspection Contingency: Include an inspection contingency in your offer to allow you to back out or renegotiate if significant issues are found during the inspection. Financing Contingency: Ensure your offer includes a financing contingency to protect yourself if you are unable to secure a mortgage. 12. Stay Updated with Market Trends Market Conditions: Keep abreast of current market conditions, interest rates, and economic indicators that could affect home prices and availability. Price Trends: Analyze price trends in the area to understand whether it’s a buyer’s or seller’s market. By following these strategies, home buyers can significantly reduce the risks associated with making decisions based solely on online listing information. This comprehensive approach helps ensure a thorough evaluation of potential properties and leads to more informed and confident purchasing decisions. Ottawa landlord left with hefty bill after tenant trashes rental property A landlord in Ottawa is facing thousands of dollars in repairs after his tenant left his only rental property damaged and disorderly. ottawa.ctvnews.ca Read More ... Understanding the Difference: Mortgage Broker vs Bank What's the difference between a mortgage broker vs bank, and what should you consider when choosing between the two? blog.remax.ca Read More ... He can't afford to rent an apartment. So this man secretly sleeps in an office cbc.ca Read More ... 'We were all looking forward to this': Ontario woman loses $1,000 deposit in cottage rental scam For many, the Canada Day long weekend is the official kick off of summer and many families will be spending time at a cottage. toronto.ctvnews.ca Read More ... This $3.5 million Toronto condo has a built-in aquarium and Cookie Monster art Many people find staring at fish soothing. In fact, there's tons of research that suggests that interacting with fish in aquariums lowers blood pre... blogto.com Read More ... Buyers starting to offer way less than asking price for homes in these areas of the GTA The average price of a home in the Toronto area may still be an outlandish $1,165,691 as of May, but record low sales activity and a flood of homes... blogto.com Read More ... Nearly four out of 10 Ontarians considering leaving due to cost of housing: survey Nearly four out of 10 Ontarians say that they are considering leaving the province due to the high cost of housing, a new survey has found. toronto.ctvnews.ca Read More ... Quebec realtors buying homes, selling at higher prices to make a quick profit The number of disciplinary cases against Quebec realtors accused of "financially abusing" their clients is going up. montreal.ctvnews.ca Read More ... Are Tiny Homes Worth It? 5 Reasons Why They’re a Huge Mistake msn.com Read More ... Halton House of the Week: Upscale townhome in Oakville features private balcony | insauga This Place: Family home close to parks, trails, schools and golf clubs Price: $1,488,000 Address: 84 Kaitting Trail, Oakville Bedrooms: 4 Baths: 4 Lot Dimensions: 66.08 x 92.46 feet Taxes: $6,510 Features: Executive Mattamy townhome nestled in north Oakville amongst golf clubs, parks, trails, and schools. More than 2,000 sq.-ft. of modern and comfortable living […] insauga.com Read More ... Average rate on a 30-year mortgage climbs for the first time since late May to just under 7% LOS ANGELES (AP) — The average rate on a 30-year mortgage rose this week, pushing up borrowing costs on a home loan for the first time since late May. msn.com Read More ... Ontario landlords hand over control of real estate empire after allegation of 'misappropriated' investor funds | CBC News An Ontario Superior Court justice has ordered an independent accounting firm run the business after a report alleged four landlords spent millions of dollars of investors' money on a lavish lifestyle. cbc.ca Read More ... Have you been renovicted in Toronto? We want to hear from you Toronto City Council took a step closer to putting an end to renovictions last week. cp24.com Read More ... Rentovation is Now Casting in the Greater Toronto Area - HGTV Canada Casting is now open on the new lifestyle series, Rentovation! We’re looking for GTA-based renters from all walks of life. Apply today. hgtv.ca Read More ... Canada’s most and least affordable property taxes in 2024 Vancouver taxes are less than half for a $1,000,000 home than Sault Ste. Marie taxes are for a $500,000 home realestatemagazine.ca Read More ... Canadian rental housing crisis: A call for a low-income housing tax credit A Canadian Low-Income Housing Tax Credit could drastically increase the creation of affordable rental housing using private sector... realestatemagazine.ca Read More ... Canadian Mortgage Arrears Rate To Rise 50% In 2024: Fitch - Better Dwelling One of the world’s largest credit rating agencies sees a bumpy road for Canadian mortgages. Fitch Ratings’ latest Global Housing & Mortgage Outlook shows the mortgage arrears rate rising modestly in Canada in 2024. Even more distressed sellers are seen, but pent-up demand will help to absorb many before they fall behind. The turbulence is […] betterdwelling.com Read More ... This is what an ultra-glam $14.5 million mansion in Oakville looks like Glam, whether in fashion or in interiors, seems like one of those styles reserved for divas, drag queens (who are also divas) and fictional charact... blogto.com Read More ... Ontario home sold at massive $800k loss a worrying window into current market A home sold at a staggering $800,000 loss is just the latest example of a property in and around the GTA selling for much less than its original pr... blogto.com Read More ... Over twice as many families in Toronto live in 'unsuitable' homes than the rest of Canada The average rent for a Canadian apartment surpassed $2,200 for the first time last month, with residents of Vancouver, Burnaby and Toronto — our mo... blogto.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 | SearchHousesForSale.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