Ask David

High expectations, downsizing to a bungalow

Dear David, I’m trying to sell my home. I’ve had five or six lowball offers over the last two months, which is disappointing to say the least. I know what my house is worth, but don’t seem to be reaching the right buyers. Any ideas?  – OPEN TO SUGGESTIONS DEAR OPEN: I hate to be

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Homebuying in a Child’s Name, Funding for Affordable Housing

Dear David, I’m trying to do some estate planning. My son has recently graduated. I want to buy a second home and put it in his name in order to give him a strong start. Is this advisable? – THINKING AHEAD DEAR THINKING: If you’re buying the home in cash, you can do whatever you

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Rental properties, Tired carpet, Busy Street

Dear David, We found 2 rental properties we like and can’t decide which one to buy. Which factors do you think should sway our decision? – CONTEMPLATING DEAR CONTEMPLATING:  The condition of the rental properties and demographic of the tenants are important to consider right off the bat. Are the tenants cooperative? If so, look

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Property infringement, Open houses, Rental property renos

Dear David, Our neighbour has built a shed so close to our home that eaves of the shed sit under the eaves of our roof. If I go to city hall and find a survey that proves there is a property infringement, what do I do?  – TOO CLOSE FOR COMFORT DEAR CLOSE: From what I

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Ask David

Sold over asking price, Investing with line of credit, Commercial lease

Dear David, How many houses do you sell over asking price? – Wondering DEAR WONDERING: Over the last 60 days, the percentage of homes selling “at or above” their asking price has been sitting about one-third — or 33 percent of local sales. Typically at this time of year, about 20 percent of local homes

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