David Schooley, Broker
RE/MAX Twin City Realty Inc. Brokerage
Call/text +1 (519) 577-1212 | david@goinghome.ca
Dear David, My partner and I live in the GTA. We think flipping a house in Kitchener would be a great investment. We’ve been pre-approved for a $600,000 mortgage and hope to invest an additional $50,000 in renovations. I expect we’ll be able to re-sell the house in the high $700,000 to $800,000 range. Where
Dear David: I bought a condo in 2018. The title is in my name. It’s not my principal residence, but my son lives there. I would like to sell the condo to my son for the $300,000 I originally paid for it, since I don’t want to make money off him. Is it better for
Dear David, How is a “one percent” Realtor different from other agents? – JUST WONDERING DEAR WONDERING: Read the fine print. Discount brokerages have been around for as long as I can remember. Lately, some have been marketing their services as very similar to those of traditional brokerages. This comparison is like a discount motel going head-to-head with the Ritz. The customer
Dear David, We just sold our house for $45,000 more than we were expecting. We’re considering renovating our new home in a year or two, should we park the money or have some fun? – PARTY TIME I’ve seen this scenario with many clients who’ve ended up surprised at how much their house can sell
Dear David, I currently own a 2-storey rental home with a mortgage on it. I would like to sell this property and buy the bungalow next door as a rental. If I am able to do so, will I have to pay capital gains on the sale? Also, will I need to pass a new