David Schooley, Broker
RE/MAX Twin City Realty Inc. Brokerage
Call/text +1 (519) 577-1212 | david@goinghome.ca
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
Dear David, I’m thinking of buying a run-down residential home on a half-acre lot. I would like to sever it into two lots, sell one of them, and renovate the home. What’s involved and is this advisable? – BIG PLANS DEAR PLANS: The short answer is that you’ll need to do your homework, starting at
Dear David, We’re thinking of buying a new car. Should we do it before or after we buy our house? – WHEELIE DEAR WHEELIE: If buying a new home is in your immediate plans, it’s important to be cautious about making other major purchases. Because your mortgage approval will be based on your debt servicing
Dear David, We heard that some plumbing pipes used in the mid 2000’s had problems. What do we need to look out for? – HIGH AND DRY DEAR H&D: You’re thinking of the notorious Kitec plumbing, which consists of flexible aluminum pipe covered by inner and outer layers of plastic. Kitec was sold between 1995
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
Dear David, We just sold our home in a multiple offer situation, but the buyer hasn’t brought their deposit. What happens now? – UNSURE DEAR UNSURE: All real estate contracts involve time limits. When a buyer and seller reach an acceptable purchase agreement, the buyer has 24 hours to deliver their deposit to the listing