Author: Thomas Scully
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Homeowner Tips: Refinancing your Mortgage
Refinancing a mortgage is where you end your existing mortgage contract and pay the current balance in full by securing another mortgage loan. You can potentially borrow up to 80% of the appraised value of your home. The new loan comes with its own terms and conditions, including a different interest rate than…
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Homeowner Tips: Deep Cleaning & Winterization Checklist!
News flash, it’s November. If you’re anything like me you love this season, but are frighteningly aware of the amount of work you have on deck to clean and Winterize your home. Fall… it’s a love hate relationship. Fear not, I’m here to help and share checklists for both standard…
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Homeowner Tips: Prepping for the Fall Season
I’m always on the hunt for good reminders. Busy schedules lead to forgetfulness, and forgetfulness leads to “why are my gutters overflowing when it rains?”. Well, I’m here to help check one item off your box – a reminder for the things you need to consider when the seasons begin…
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Listing Prices: How a Change in Strategy Effects How We View Offers
We all remember the Sellers Market of the pandemic, and we know the strategies that were used to list homes on has changed since we have moved to a balanced market as of late. The days of listing very low are gone – with some exceptions as described below. But…
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Has the Housing Market Really Changed?
So it’s August 2022 in Windsor Essex, and people want to know “What’s my house worth now? Can I get a good deal as a buyer? Should I wait for a ‘crash’ to happen? Is waiting better than acting now? Is it a good time to buy or sell a…
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Is This a Good Time to Buy or Sell a House in Windsor Essex County?
Is This a Good Time to Buy or Sell a House in Windsor Essex County? Excellent question – not an easy answer. Let’s call it the “great filter” at the moment – where homes that are desirable are acting as they should (multiple offers and selling on time mostly), and…
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Understanding The Windsor-Essex Housing Market: Vol. 2
The reality is there are less buyers, less competition, more houses due to the time of year, and expectations of sellers are still very high. The idea where you can pick any Realtor off the street and sell your home in 7 days may be coming to an end in…
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Understanding Blind Bidding in Ontario
Blind Bidding is the practice which involves buyers placing their offer on a property receiving multiple offers not knowing what the other potential buyers are offering. They are “blind” to the information. With that said, the representing agent of the Buyer is also “blind”.
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Breakdown – More Homes for Everyone Act
Breaking down the More Homes for Everyone Act. What kind of provincial election year would it be if we didn’t get some political action on issues we have been speaking about for some time? Yes, this is part two of actions, and needed (RE: More Homes, More Choice Act -…
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Are We Levelling Out?
A lot has happened social-economically in the last 30 days, and even though this month is yet to finish (as I’m writing, it’s the 28th of March 2022) some details can be noted. There is chatter around the water cooler of life regarding a multitude of things: base mortgage increases,…
Tom Scully, Real Estate Agent 