Here’s a little something to ponder before a bidding war: Will the bank agree with how much you just paid for that home? Appraisals are coming in below purchases price on some deals, with the potential to scuttle a transaction, lose a deposit or, at the very least, force buyers to look for other sources to cover the shortfall. “This is happening all the time,” says Vince Gaetano, a principal at Monster Mortgage. “People are having to come up with … →

The banks use your gross income (before taxes) to determine how much mortgage you can afford. To play it safe, use your net (take home pay) income figure instead, to determine how much mortgage you are comfortable with. The worst feeling in the world is to be “house poor” and not be able to afford the other things in life. Vacations, hobbies, concerts and dinner out are just some of the things that are every bit as important as a roof over … →

In our continuing focus on providing value added benefits for our clientele, the Real Estate Centre Team can now offer aerial tours for buyers of higher end properties both in Canada and the eastern U.S. markets. Our 6 seater Piper aircraft flys out of Oshawa Municipal Airport and provides a short hop to the Muskoka, Haliburton and Kawartha Lakes regions. For golf lovers, we recently posted Masters winner Bubba Watson’s North Carolina lake-house that is on the market for 1.45 million with … →

You may not be able to swing a club like Bubba, but you can live like him! His summer lakeside home in North Carolina has just hit the market and for any serious Canadian buyers who like to frequent the golf country of North Carolina, we have a private plane and pilot waiting to fly you down! (Certain Restrictions Apply).