As Realtors, we often struggle with how to describe rundown homes without offending the seller. Everyone has heard the real estate euphemisms "needs TLC"(tender loving care) and "lots of potential".
While researching the history of a home a buyer has interest in, I came across this subtle gem from 1995. In the Realtor remarks, the listing salesperson indicated the "owner ...
Posted by Jeff Gingerich
on October 25, 2009
As of October 15th, there were 12 active residential MLS listings under Power of Sale in Kitchener-Waterloo. This marks a slight increase over the 11 in September. Of note, 2 were in Waterloo and the remaining 10 in Kitchener.
As for sales, September saw 17 residential properties sold under Power of Sale in K-W through the Multiple Listing Service. ...
Posted by Jeff Gingerich
on October 21, 2009
The Kitchener-Waterloo Real Estate Board reports 375 sales in K-W for September 2009 which represents a 15% decline over the 441 sales reported in September 2008. Of note, the end of $0 down and 40 year amortization program was rapidly approaching in September 2008 and sales were artificially high as a result. The median price for September 2009 sales in K-W was a September record ...
Posted by Jeff Gingerich
on October 4, 2009
A recent headline in the Toronto Star read "Credit Card Defaults at Record Level". It indicated a record level of accounts being written off as uncollectable for 3 straight quarters.
So what does this have to do with real estate? Most real estate buyers will need a mortgage. As part of the approval process, the lenders will turn to a credit reporting agency to determine ...
Posted by Jeff Gingerich
on October 2, 2009