Fall Buyer Seminar for GTA buyers/Sign Up and get dates. Don't miss out.

It's been years since I've conducted one of these.
It's hard to find the time to plan and schedule.
But, it's time. The more Buyers I speak...the more I feel this is a "must"

****There's been enough changes over the last 6 months that seem to have blanketed today's buyers with a lot of confusion.

The Internet is an incredible resource for those looking to purchase a home. It falls short if you're trying to be on top of the market and simply can't answer your questions the way a live body can.
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Here are some topics that will be included: (if you know the answers don't waste your time with this seminar):
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1. How do you analyze market value in an economy that went down 15%, back up 20%, settled back down in the first month of 2010 and then went flat. Where are sellers coming up with fair market value?

2. How do property taxes work? Are they assessed in cycles? Can they go up or be reassessed once I buy?

3. What's Title Insurance? Why get it? The house has insurance on it.

4. Is a variable rate mortgage still the best option for getting the best rates? How do you qualify for a mortgage? Is it good to shop around or a danger?

5. What strategies should help increase your chances of winning in multiple offers? Yes..they're back!!

6. Economically speaking, where are prices headed? Do I buy now or wait?

7. What are closing costs these days? Title Insurance? Land transfer tax? Property tax? Moving costs?

8. When do I supply a deposit? What conditions can I have in an offer these days? How can I strengthen my offer while still being completely protected?

9. Are banks still doing drive-by appraisals or are they being more invasive?

10. Why use a buyer agent? How much will that cost me ultimately? Don't I get a better deal if I cut out the middleman (boy...do I have stories to tell here).

Let's look at some scenarios:(if you know how to handle these scenarios, don't waste your time here either)

CONDITIONAL OFFERS:


1. You present an offer that is conditionally accepted. Your inspection reveals some issues. You have a few hrs to present the waiver to seal the deal. You can also try to amend the agreement and ask for an abatement (money off). Which do you do? What are the risks here? Can you do both?

ADDITIONS:

2. You purchase a house and it has a family room addition on it or a small built out kitchen. The owners bought it that way. Could you find yourself in hot water should an inspector from the city come by? What should you do?

MULTIPLE OFFERS:

3. Your told there's 4 offers on a property. Is that the case? Is there a better time to present your offer? Can a particular agent actually better your odds of winning?

CONDOS AND RESERVES:

4. The condo you are interested in has a shortfall in its reserve fund and a special assessment is about to be levied. You love the condo...would it make sense to move forward? Under what circumstance might you?

PARKING ISSUES:

5. You locate a house that you have intense interest in. The house has a pad park. The owners have been using it for years and so did the prior owners in this 100 year old house. Does it now "run with the land" and become legal on title OR do you have some homework to do around this? What if you require street parking. Is that automatic because you have a deed to a residence on the street?

INSPECTIONS AND INSURANCE:

6. Your home inspector beleives that the house has a few key issues...knob and tube and galvanized steel plumbing. Also there are large trees around the premise that may affect the drainage system and could lead to roots blocking the flow of water and hence a back up. Firstly, what can you do? Secondly, how does insurance work on both these issues?

I'm going to work in some dates in the month(s) to come. This will be informal. This will include other partners involved in the home buying process. This will not cost you anything. This will prove to be hands down the most educational and informative seminar/meeting of the year.

Sign up thru http://www.TheSmithsBuyAHouse.com (copy and paste). On the home page there's an area for your information. Make mention of your interest in the fall/winter seminar and I will keep you in the loop.

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