Troys Tips, Fall maintenance tips and more...

Troys Tips, Fall maintenance tips and more...

Troys Tips...

Here are some fall maintenance tips to ensure your home stay safe and cozy this cold season:

Gutter Cleaning: Clear leaves and debris from your gutters and downspouts to ensure proper drainage. Clogged gutters can lead to water damage and ice dams in colder months.

Heating System Check: Have your heating system serviced by a professional to ensure it's working efficiently. Replace filters and consider a programmable thermostat for energy savings.

Window and Door Inspections: Examine windows and doors for drafts. Replace weatherstripping and caulk any gaps to improve energy efficiency and keep your home warm.

Fireplace Maintenance: If you have a fireplace, have it cleaned and inspected before using it. Ensure your chimney is clear of debris and nests.

Outdoor Faucet and Hose Winterization: Drain and disconnect hoses, and shut off outdoor faucets to prevent freezing and pipe damage.

Test Smoke and Carbon Monoxide Detectors: Check the batteries in your smoke and carbon monoxide detectors, and replace them if needed. Safety is paramount.

A 47-year mortgage? They're out there — and even longer ones could be coming
Canada's top banking regulator will soon implement new guidelines for the mortgage market, aimed at reducing the risks posed by negative amortization mortgages — home loans where the payment terms have ballooned by years and sometimes decades because payments are no longer enough to pay down the loan on the original terms.

Troys Top 6 ways to find the deals in todays market...

Look for and make lower bids and find quality pre-sale assignments completing soon. Some early presale purchasers are walking from $50,000, or more of their deposits, because they can’t/won’t close. Here's a list of presale opportunities.

Don’t get hung up on the “multiple offers”. For every multiple offer there are 7 to 9 houses unsold for months!

Watch for ‘low pricing’ to draw you in. Value is $1.8 million, listed at $1.5 million to get a ‘multiple offers’ scenario going. It still works in the hands of an experienced broker, but it works less frequently as more and more buyers are now very in-tune to the current market.

Price drops will be more common so get on the autolist to keep your finger on the pulse of the market.

Get pre-approved with a quality mortgage broker. If you don't know of one, let me know and I'll send you a few recommendations.

Take note of this: Banks are more nervouse than you! Learn about your current mortgage, read the small print. Most are easily ported to a new purchased. Mortgages may also be transferable to a buyer (they must qualify) This could be a great way/option to close a deal on your property so you can move on to the next.


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