All posts by Piaro

What not to do when negotiating your Surrey lease

Don’t be so firm on your position that you loose the deal or burn a bridge. Know in the back of our mind what times you can and cannot live with. A good negotiating tactic is to short and simple win win situations. That way the landlord and the tenant both end up believing that they won something in the end. It is perfectly ok to be willing to walk away from a deal if you cannot reach an agreement. You don’t want to have the negotiations end badly. If you can’t reach a deal you can’t reach a deal. But don’t pound out your position into a dead horse. You can share your disappointment at failing to come to terms if that happens. Let the landlord or the agent that you hoped to work it out but some things are just standing in the way.

Negotiating the price is as follows. Ask the landlord what he wants for rent. When he or she says the price, ask if there are any other costs If he says there are none, great! Take the rent if it’s a fair price. However, if (s)he starts saying that there are additional costs for security deposits, remote controls, security costs, or common area malignance costs, this is where the negotiations begin. One strategy is to get a friend in real estate or a property management company to phone the landlord and ask frankly what is needed to get a good tenant and how flexible they are. These people are often trained to negotiate harder with people that do not have representation. Remember that you should always save something for the very end that gives you power in the negotiation. Always remember that your final “yes” is only given when your lawyer reviews the lease agreement. This means you can save the final push to wrap up the lease on your schedule. This just might be an ace in your pocket. You could also suggest that your lawyer has some reservations about a couple of items, but you’d like to move forward with the lease anyways. Say you’ll sign it now if you can negotiate on whatever issues you need. You may want to take a big breath and lower the boom. “say you’d like him to lower the rent by 15% for the first 12 months”. Demonstrate a sincere interest in the property and pay six months up front. There is much to say about someone paying 6 months rent even it is a bit less.…

Using Options To Buy Langley Real Estate!

Ever find yourself asking what the best way to reduce risk is Well there are many investment strategies that are used to meet the increasing demands of the sellers. So structure a deal to fit the goals of the buyer, and the seller. The best single strategies to use is the use of options. When you use an option you maximize potential of profit, and reduce risk to your purchase. You are essentially buying time to allow a right for purchase at today’s agreed upon price in today’s market. In exchange for this right you must give some consideration. Here’s the advantage. If you use an option you have one hundred percent control of the situation. For example, if you pay a property owner $10,000 for the option to buy his or her property at the end of 18 months, you shall truly benefit from this arrangement. In today’s Fraser Valley Real Estate market there’s a good chance it will go up in value. You will cash in on this price increase. Options give you time. Clear, clean and simple! In real estate, you want to have time on your side whenever possible. You’ll only need to come up with a small amount of money in order to gain with limited risk.

What if you don’t have five or ten thousand for a down payment

You can use sweat equity to purchase real estate with zero cash. What is sweat equity This is when you are a skilled individual and you are doing something to improve the value of the property you want to purchase. Say you find a house that needs some cosmetic work done. For Example, if you paint the property, that improvement will likely increase the value of the property. Understand that mostly any investment property in the Fraser Valley, Lower Mainland and all other area’s of Greater Vancouver are capable of adding value to a property through some from of sweat equity. Ask yourself what your talents are and what you can accomplish. You can use this form of equity to capitalize on using it as part or all of your down payment. When you approach the owner of a property you must assure him or her that the work will be done quickly. Simple fixing up, new paint, new landscaping, Front Door and other added changes can boost the value of the property overnight! Selling your sweat equity talents might require you to be a good sales individual. Remember you must have confidence in what you are doing. However, and aggressive sales person is often a turn off. Often the low-key approach works well. If you have examples of your past work, this is the time to show it off! If you agree to fix up the sellers apartment building, paint the walls, redo the landscaping, give the option to buy at the end of 18 months at today’s price. Ask him or her, “what do you have to loose”. The answer is nothing! This is just one way to show a win-win situation. If your ready to risk your time and effort to increase the value of the property, the seller will sometimes see your point of view.…

Things to Consider When Purchasing a Condo in Toronto

Buying a condominium seems like the perfect thing to do when you live in a city like Toronto. Single family stand alone units in big cities like Toronto are often incredibly expensive, and come with all the hassle of upkeep and property taxes. Houses in the suburbs come with the same concerns, and although they might be less expensive they tend to cause more aggravation, especially for people who need to get into the city frequently for work or even for entertainment.

Buying a condo can mean all of your needs are addressed in one solution. Condominium complexes are constantly being developed all over town, so the odds are very good that there is a complex located within a reasonable distance of where you work. Condos are also close to all that the city has to offer in terms of entertainment, from hockey games to restaurants to theatre. There are several things that all buyers should keep in mind when it comes to purchasing a condo in Toronto.


Often condominiums are bought with the idea that they are good starter homes, and that when the purchaser is ready he or she will move out and buy a suitable family home. There is debate within the real estate market, though, about how close to truth this concept really is.

Condos are not usually cheap, although they may be less expensive than a single stand alone dwelling in the same neighbourhood. In order for your purchase to be considered a good investment, it has to rise in value and keep pace with houses outside of the city, so you will have the equity you need when the time comes to upgrade. Condos, however, are not noted for their resaleability. Just drive around the city and see how many new developments are going up. This trend is bound to continue, and that means that you will always be competing with newer units in the same area when it comes time to sell.

Another financial consideration is membership fees. Sure, you are saving in property taxes, but membership fees are just as constant and will rise over time, sometimes dramatically. Factor this in carefully if you are buying a condo as an investment.


One big draw for a lot of condo purchasers is the leisure facilities provided in the building. In large part, these are what your membership fees will go towards. It is important to consider realistically if and how often you will be using the facilities yourself. If you buy in a building because of the great fitness and pool facilities, you will have to use them the entire time you live there or else the fees just are not worthwhile. It is not the same as getting a gym membership and then deciding not to go anymore; you have to pay membership fees regardless of the frequency with which you use the facilities.


One of the great things about a big city like Toronto is that you can find a condo in just about any neighbourhood you want. If you lean towards historical parts of town, hot spots, ethnic enclaves, artsy districts, entertainment or financial areas as the places you are most likely to be found, you can find a development close by. No more long trips, all you have to do is walk down the street to find your favourite pastime. Alternatively, if you prefer a quieter location still within reach of the city, there are neighbourhoods like The Beaches that offer a casual atmosphere just a little way out of the action of downtown.

Don’t be rushed into buying into the latest condo development simply because units are going fast. The best way to buy a condo is to make sure of your reasons for getting one in the first place, and then selecting the neighbourhood where you would like to buy. There is enough development in Toronto to ensure that your dream purchase will be available sooner or later.…

The Best Time to Consider Refinancing Your Home

So, you think that you might be ready to refinance your home, but are not really sure if it is right for you. Here are some things to consider when it comes to refinancing your home. Most experts agree that you should not consider refinancing your home unless the housing market interest rates are about 2% lower than the original lock in rate of your mortgage. Here are some things to consider when looking at refinancing your home.
Obviously, if you have a current mortgage rate that is significantly higher than the current market value, then you need to consider refinancing. But beware, some of the lower interest rate mortgages will be adjustable and in the long run will cost you more.
If you are currently on a mortgage that is an adjustable rate mortgage, you need to look at your options. If the mortgage interest rates on your adjustable mortgage will steadily increase over time, make sure to look at the current rate and weigh out your options. You definitely do not want to be hit with any changes in the future on your adjustable rate mortgage. One day your payments may be 300 to 500 dollars more a month and then you are stuck. If you are in an adjustable rate mortgage and the chance to switch to a fixed rate, this will reduce the chances of the mortgage rate going up dramatically. It will also help you in the long run when helping to determine your budget, especially if you have hit some hard times.
Another thing to consider when refinancing is if you have a change in your income for the better. If may be possible at some time that you can make larger payments or double payments. You also may want to increase your equity as quick as you can so that you will own your home much quicker. If this is the case, then you might want to consider a shorter term mortgage. This is a great reason to refinance. Just make sure to really consider all of the terms of the new loan and take into consideration all of the impacts on your financial lifestyle before refinancing.
If you purchased your home under a balloon mortgage then you might want to consider refinancing if your loan is getting ready to come to an end. A balloon mortgage does not fully repay the loan over the term of the agreement. This will leave a balance due at the final payment that is rather large. If you see that you mortgage is about to pay off and you do not have the large sum of money that it is requiring, then you may want to consider refinancing as an option. This does generally make your payments higher, but you will avoid that huge payment at the end of the mortgage term.
There are so many reasons to refinance your home. In making the right decision for you, it is important to make sure to look at all of your options. Go to your lender, shop around, and get all the information before signing yet another mortgage agreement.…

Starter Homes in Mississauga, Ontario – Townhouses and Condo Apartments

A lot of people who are looking to get into the real estate market will start out with a basic home within city limits. Often, these homes are townhouses or condominiums that offer easy access to local hotspots as well as job markets. Like any major metropolitan center, Mississauga has a wide range of condos and townhouses available for first time buyers, with plenty of models and prices from which to choose.


Condos are highly sought after by first time buyers because they are easily resold when the time comes to move up. In recent months, however, there have been questions as to just how great a deal it is to invest in one of these buildings. The first knock against them is the high monthly fees; these fees are only likely to increase as the years go by. Sure, it is nice to have a pool and recreation facilities, but you must weigh the costs against the frequency with which you will use these amenities. You should also consider the future, when it comes time to leave your condo for a standalone unit. With new condo projects being started all the time, older condominiums are not as likely to gain in value as many developers would have you believe.

Despite recent warning signs, condos remain popular due to their accessibility and the creature comforts they provide. Some new complexes within the Mississauga area include Kingsbridge Gardens (one and two bedrooms), Kingsbridge Gardens Circle (1 to 3 bedrooms), Erin Center Boulevard, and Burnhamthorpe Road. It should be noted that the developments on the harbour of Lake Ontario are likely to cost more, but often also come with much better amenities such as central air, 24 hour security, and better recreational facilities.


For those who like the idea of the proximity and low maintenance needs that a condo has to offer, but do not want the added costs of membership fees and higher strata, a townhouse might be just the thing. Townhouses have some similar drawbacks to condos, in that new developments continually being built tend to dampen some potential gains in the long run. Nevertheless, townhouses can be perfect for small families just looking to crack their way into the market within a good distance to centres of employment.

Townhomes are available at an incredibly vast range of prices in Mississauga, from a low of $118,000 at a complex on Roche Court (with three bedrooms) to a whopping $939,000 asking price for a three bedroom home on St. Lawrence Drive.

As the prices for both condos and townhouses illustrate, the definition of “starter” home greatly depends on who is doing the starting. In general, both types of homes are more affordable than stand alone houses in the same neighbourhood, and are therefore considered suitable for new buyers in order to gain a toehold on the market. First time buyers should always make sure to carefully research housing trends in the neighbourhood, and for the type of property in which they are investing, before completing the sale.…