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By Bill Dilny
(RE/MAX Realty Specialists)
Comments 0
Before you buy, contact the condo board with the following questions.  In the process, you'll learn how responsive - and organized - its members are.  You'll also be alerted to potential problems with the property!   What percentage of units is owner-occupied? What percentage is tenant-oc...
By Bill Dilny
(RE/MAX Realty Specialists)
Comments 3
You've heard it a million times from friends, family, relatives, colleagues and even people you don't know: "When you rent you're throwing your money away!" Very true.  And the longer you rent, the higher the rent rate becomes and you'll throw more and more of your hard...
By Bill Dilny
(RE/MAX Realty Specialists)
Comments 2
You've shopped around, seen many fine homes, decided on the one you want, made the offer, worked your way through negotiations and finally have an accepted offer.  Once the legal part of the transaction is completed, you'll be a home owner! Congratulations!   Unfortunately, the costs asso...
By Bill Dilny
(RE/MAX Realty Specialists)
Comments 0
After you've made up your mind to sell your home, the next thing to do is to contact a Realtor to draw up a Listing Agreement which is a contract between you, your Realtor and the real estate office he or she represents.  It must clearly outline the rights and obligations of all parties and d...
By Bill Dilny
(RE/MAX Realty Specialists)
Comments 0
A Multiple Listing Service, or MLS, is a system by which real estate salespeople share information with other salespersons by means of a centralized computer database to help market a property. Before the computer era, MLS providers kept their information on properties for sale on paper, and ofte...
By Bill Dilny
(RE/MAX Realty Specialists)
Comments 1
Not so many years ago, the thought of an inspection on a home you were buying was basically never considered.  When you viewed a property, you looked at the roof, open and closed the windows, flushed the toilet, checked the basement for signs of water, and did a number of other things.  Then, rel...
By Bill Dilny
(RE/MAX Realty Specialists)
Comments 0
The money you pay each month to "keep a roof over your head" should be money that's invested in your future.  If you own a home, then each mortgage payment you make is actually money you are saving.  When you eventually sell that home you will have "saved" a certain number...
By Bill Dilny
(RE/MAX Realty Specialists)
Comments 0
Once you've made that major decision to buy a new home and know what you would like to have in it, your next step is to determine what you can afford.  There are two ways this can be done - get pre-approved or pre-qualified for a mortgage through a bank, credit union or mortgage company/broke...
By Bill Dilny
(RE/MAX Realty Specialists)
Comments 1
    They see a home they like, take too much time deciding to put in an offer, and the house gets sold to another buyer.    They don't take the time to find out about their mortgage options and oftentimes miss out on the best deal.   They don't make their offer appealing to the seller and...
By Bill Dilny
(RE/MAX Realty Specialists)
Comments 0
It's that time of year again and as we all know the rain and the shoveling snow are soon to come.  What to do and actually doing it today before the wet weather comes and water penetrates your home can save you thousands of dollars of repair work tomorrow. Here goes: Roof - Perhaps the most v...
By R. Greg Osmond, MBA, Red Maple Realty
(Sutton Group-Capital Realty Ltd.)
Comments 7
So what was I thinking when prices for real estate were as low as they were?  I have asked myself that question a few times.  In St. John's we have seen real estate prices surge in the last three years.  Those who were "smart" enough to buy investment properties with record low int...
By R. Greg Osmond, MBA, Red Maple Realty
(Sutton Group-Capital Realty Ltd.)
Comments 4
A St. John's, Newfoundland mortgage broker is going to jail. This week a St. John's mortgage broker who owned the firm Newfoundland Mortgage Brokers has been found guilty of running a ponzi scheme and defrauding investors of over $500,000.  Mr. Stirling Norman will be sentenced on June 24...
By R. Greg Osmond, MBA, Red Maple Realty
(Sutton Group-Capital Realty Ltd.)
Comments 2
Real estate values are up again in Newfoundland?  A recent BusinessWeek headline about real estate values in Canada reports that new-home prices rose 0.4 percent in January from the previous month, the seventh straight gain.  The data, taken from Statistics Canada, shows that St. John's, Newf...
By R. Greg Osmond, MBA, Red Maple Realty
(Sutton Group-Capital Realty Ltd.)
Comments 7
Here is my real estate secret.  I have a closing gift for you with real taste.  Before writing this, I asked myself if I should keep this real estate secret to myself or just come out with.  I like pleasant surprises and I really love to surprise my clients with a token gift after their real esta...
By R. Greg Osmond, MBA, Red Maple Realty
(Sutton Group-Capital Realty Ltd.)
Comments 4
Housing starts in St. John's, Newfoundland were strong in February.  According to a CMHC release today, urban housing starts in Newfoundland increased during the month of February 2010.  There were a total of 68 this past month throughout the St. John’s area versus 45 starts in February of 20...
By R. Greg Osmond, MBA, Red Maple Realty
(Sutton Group-Capital Realty Ltd.)
Comments 5
91 Skinners Road Portugal Cove-St. Philips, Newfoundland is SOLD. Announcing the sale of this beautiful single family home in Portugal Cove-St. Philips, Newfoundland.  The closing is due March 11, 2010.  A very nice young couple is purchasing their first home and are looking forward to getting se...
By R. Greg Osmond, MBA, Red Maple Realty
(Sutton Group-Capital Realty Ltd.)
Comments 6
The Google Street view of St. John's Newfoundland will allow you to walk down Duckworth Street looking for the Thai Restaurant, check out the bars on George Street and then take a spin up to Signal Hill and have a look at the ocean.  I have posted a couple of things about St. John's previ...
By R. Greg Osmond, MBA, Red Maple Realty
(Sutton Group-Capital Realty Ltd.)
Comments 45
Today is the first anniversary of my blogging about Real Estate in St. John's, Newfoundland.  I began blogging on ActiveRain one year ago today.  The last year has gone by in a flash.  I have written 108 blog posts (including a couple of reblogs) with 3 of them being featured posts.   Many of...
By R. Greg Osmond, MBA, Red Maple Realty
(Sutton Group-Capital Realty Ltd.)
Comments 5
We have a heady real estate market in St. John’s, Newfoundland right now.  Perhaps we should ask, "Is it getting a little too heady?  Are buyers beginning to be too aggressive?  Are consumers just resigned to the fact that prices are climbing more?"  For many years our market in St. Joh...
By R. Greg Osmond, MBA, Red Maple Realty
(Sutton Group-Capital Realty Ltd.)
Comments 3
PETA gets pied in the face in St. John's Newfoundland today.  A local radio station VOCM reported on their website today that a planned protest by PETA against the seal hunt was sabotaged.  The deed was done by a pie throwing puppy dog know as The Downhomer magazine mascot 'Salty Dog'...

Avalon Region, NL Real Estate Professionals