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#VerityAnswers – What is a Status Certificate?

#VerityAnswers – What is a Status Certificate?

A status certificate is a document that highlights the essential information about a building and about the unit you are buying. Your lawyer will likely review the status certificate and highlight problems or items of concern, like: Legal actions that are pending against the corporation (which could increase your maintenance fees). Special assessments owing or…

#VerityAnswers – What is a Bully Offer?

#VerityAnswers – What is a Bully Offer?

If you watched our video providing a general overview of the multiple offer/bidding war process, you might be following up on what exactly a Bully Offer is. 1. When are bully offers most prevalent? Bully Offers are most prevalent in Seller’s markets. I would argue that they are most prevalent when inventory levels are extremely…

#VerityAnswers – Open houses and questions to ask

#VerityAnswers – Open houses and questions to ask

Should I attend an open house on my own (or without my realtor)? What questions should I ask when attending an open house? These are excellent questions and we hope you find these answers helpful! 1. Buyers need to create an internal point of reference for house/condo value. You can speed the process of doing…

#VerityAnswers – Fixed Vs. Variable mortgage rates. Which is better?

#VerityAnswers – Fixed Vs. Variable mortgage rates. Which is better?

Brandon Ware and Samantha Comito of Outline Financial discuss the benefits of Accelerated Bi-Weekly mortgage payments versus Monthly mortgage payments. Key take-aways: 1. What are your long term goals? This will impact which type of mortgage rate is best for you. 2. Fixed rates tend to have higher penalties if you’re discharging/paying off in advance…

#VerityAnswers – First Time Home Buyer’s Plan (RRSP Withdrawal)

#VerityAnswers – First Time Home Buyer’s Plan (RRSP Withdrawal)

Brandon Ware sat down with Smantha Comito of Outline Financial to get quick details and facts about this government program designed to help First Time Buyers.⁣⁣ ⁣⁣ We’re bringing you the info you need to demystify the process of buying, selling and leasing Toronto real estate. ⁣ Check out www.VerityToronto.com for more great videos and…