Real Estate Investment Q&A with Lisa Colalillo

Investing in an income suite: Q&A with HGTV’s Lisa Colalillo

If you’ve been following our blog you already know that we’re huge HGTV fans.  Remember our PARA Blog Crew submission video??  Yea….it’s a problem.  On any given day you can pretty much guarantee there’s an episode of one of HGTV Canada’s many awesome shows providing the soundtrack to our household. One show in particular that […]

Closing day - key finally in hand!

Closing day: Take 2

Every cloud has a silver lining… As you know, our closing got delayed by one day. Boo right?  We thought so too.  The upside however, is that because of that ONE seemingly insignificant day, our first mortgage payment has now been delayed by ONE MONTH! Woo hoo!!! I guess it’s true what they say – everything happens […]

'Please wait.' Closing day delayed

Closing day??

Well today was closing day.  Sort of.  At least it was supposed to be.  As it turns out, however there was an error in the mortgage paperwork that caused a delay in the final release of funds between the bank and our lawyer’s office.  Despite everyone’s feverish attempts to rectify things, ultimately the clock just […]

Photo: The Dreamhouse (before)

Done and done! The Dreamhouse: BEFORE

It’s been a while since we blogged, and lots to update you on.   Specifically what happened with the seller after the inspection… Well of course – he was anything but reasonable.  Essentially our agent Mike went to him with our inspection report of what could potentially add up to $25,000 in repairs – and […]

Photo: Home Inspection Binder from Pillar to Post

Home Inspection

It’s been a busy couple of days.  We got all of the offer paperwork signed and finalized, made a quick trip in to the bank to pick up our pre-approval letter to satisfy our financing condition, then topped it off with a road trip to Ottawa to visit a friend and celebrate the Canada Day […]

Photo: Our new house. Pre-renovation

It’s a good day to buy a house!

Sometimes to get what you want, you have to be willing to walk away – which is exactly what we did when offer negotiations with the seller of the house we wanted reached a stalemate. After flat out rejecting our initial offer (which was admittedly WELL below his rather inflated asking price), it was pretty […]

Buyer frustrations | Pricing a house for sale - The Dreamhouse Project

Buyer frustrations…

Ugh…home owners can be so frustrating! Don’t get me wrong, it’s TOTALLY understandable to be emotionally attached to your house…but seriously – Pricing a home for sale is a science. You can’t just arbitrarily pick a number that you want to sell for just BECAUSE. These things have to be based in reality.  Lot size, […]

This might be the one: Finding a diamond in the rough and knowing how to see past the coal - The Dreamhouse project

This might be the one…

So after expanding our search area, we’ve found an interesting property in the West Shore neighbourhood. The house itself isn’t much to look at.  In fact it probably hasn’t been updated much since it was built in 1962.  Now in saying that we don’t mean the cool ‘retro chic 60s’, we mean circa 1962 textured […]

Photo: SOLD by by Michael Mandarello, RE/MAX Agent

SOLD!

Up and down in less than 48 hours….and here we were all geared up to endure at least a couple weeks of stress around keeping the house in immaculate ‘show ready’ condition. When we listed the house, we thought we were a little bit on the ambitious side in terms of our asking price.  After reviewing the […]

Photo: Living room

Officially on the market!

So in between all the property hunting, we’ve been busy prepping our place for sale.  Now after several weeks of painting, carpeting, cleaning and de-cluttering, it’s nice to be able to say that our house is officially on the market!  It’s been a long and laborious process, but we made it to the finish line.  All the papers […]