Home Sellers ZOOMinar Workshop (June 6, 2022)

by Davelle Morrison

Thinking of selling your house or condo for top dollar? This FREE online workshop is for you!

At this 90-minute online workshop, you’ll learn:

  • The secret behind pricing your place for sale.
  • Should you buy first or sell first?
  • What are the most important minor fixes you can do to sell your home for more money?
  • The pitfalls to avoid when breaking your mortgage to sell your home.
  • What kinds of capital gains issues you might face.
  • What you need to know if you’re separating from your partner.
  • What should you do if you have a tenant?
  • Learn how immigration and our open borders will affect the value of your home.
Get Free Tickets

Limited space available. Sign up now.

Contact

davelle@bosleyrealestate.com

Cost

Free or voluntary donation to Second Harvest

About your host Davelle Morrison

Davelle works for Bosley Real Estate Ltd., Brokerage and is ranked in the top 10 agents in her office. She loves working with first-time home buyers to make sure they get all the facts they need to make the right decision. She has been a real estate investor for more than 10 years and has been selling real estate for more than 7 years.

Davelle has also been featured in Canadian Real Estate Wealth magazine and is regularly interviewed in the Globe & Mail, BNN Bloomberg & CTV News Channel. Ms. Morrison has co-authored the best-selling book titled, Success Today with Best-Selling author and speaker, Brian Tracy. Davelle has been on air on the DIY Network & HGTV as the real estate agent on Holmes And Holmes.

Guest Speakers

Reenie Banks

Sales Representative (Bosley Real Estate Ltd., Brokerage)

For many years I have been devoted to serving the real estate needs of my buyers and sellers throughout Toronto. I am from a family of Realtors and Brokers spanning 50 years and since childhood I have developed a love, passion and great understanding of the business. My education in Communication Studies from Wilfrid Laurier University has benefited me greatly throughout my real estate career in sharpening my listening, marketing, negotiation & everyday communication skills as well as understanding the needs of my clients.

Learn more about Reenie

Dimitri Kanavas

Real Estate Lawyer (Kanavas Professional Law Corporation)

Dimitri Kanavas is the principal lawyer of Kanavas Law Professional Corporation. Since completing his law degree over ten years ago, Dimitri has expanded his efforts to various types of clients and legal practice areas working in both the US and Canada. Dimitri completed a Masters of Law in the United States and spent some time working with a securities firm in the US before returning back home to Toronto and eventually starting his own practice. Dimitri’s main practice areas are in real estate law, business law, litigation. Dimitri enjoys working with homeowners and real estate investors in advising them of their legal rights and assisting with their transactions. In 2020, he was voted the Toronto Star Gold Winner for best Real Estate Lawyer in Toronto.

Learn more about Dimitri

James Dill

Mortgage Agent (The Mortgage Coach)

James grew up surrounded by a combination of real estate professionals, investors and teachers. Naturally he has taken that background and has used it to help people reach their real estate and financial goals. James loves working with first time home buyers, walking them through the borrowing process so they understand it beginning to end.

Part of one of the top mortgage brokerages in the country with over 100 years of combined experience, James and his team have access to a wide variety of lenders from big banks to specialty products ensuring tailored solutions and the lowest cost of borrowing for his clients. If there is a way to get a deal funded, James and his team can make it happen.

Learn more about James

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Why renting a parking spot makes more financial sense than owning one

by Davelle Morrison

Buying a condo without parking is actually a great way to save money. While parking is factored into the costs of many condos. Parking in Toronto is valued at anywhere between $70,000 to $165,000 for the parking spot. Imagine adding that cost to the price of your condo and paying a mortgage on it.

So let’s test our theory, if I take a parking spot cost of $165,000, at an interest rate of 3.94% and amortized over 25 years, that parking spot would cost you $862.58 per month. And throughout the life of this mortgage you would have wasted, I mean paid $93,771.41 in interest fees. You’re probably wondering why I used $165,000, well there is a pre-construction condo project in midtown Toronto currently selling parking spots for $165,000. It’s an outrageous amount but this is where the market is going.

Let’s use another price scenario, what if you only paid $80,000 for the parking spot, at an interest rate of 3.94% amortized over 25 years, that parking spot would cost you $418.22 each month. Throughout the life of this mortgage you would have wasted, I mean paid $45,465.05 in interest fees.

So how does a rental of $180/month sound now?

For an example of a real life example of this rental parking, check out this townhouse at 11 Broadway Ave.

The Journey of Villa Mango, Barbados (Part 3): Will the shipping container finally arrive?

by Davelle Morrison

This is a 3-part blog series on how we found a rental property in Barbados to buy sight unseen during a pandemic while being in Toronto, Canada.

Make sure you read the first part and the second part before.

We made our way back to Villa Mango to continue to wear out our customs broker.

It’s now Wednesday, Nov. 26th. On Thursday., Nov. 27th, they tell us that the container will arrive at 4:30pm the next day, Friday, Nov. 28th. I look at one of my friends and tell him, he’s going to need to extend his trip yet again. He’s already been in Barbados for 6+ weeks and is desperate to get home but realizes that he can’t leave now just as the container is arriving.

On. Nov. 26th, someone from the customs broker shows up to make sure there is enough space to place the shipping container. They tell us that the customs officials must have a desk, chair and washroom facilities made available to them.

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The Journey of Villa Mango, Barbados (Part 2): Closing date, what closing date?

by Davelle Morrison

This is a 3-part blog series on how we found a rental property in Barbados to buy sight unseen during a pandemic while being in Toronto, Canada.

Make sure you read the first part: The Journey of Villa Mango, Barbados (Part 1): How We Got Started

Next, we started to plan for our Oct. 18th arrival in Barbados with our closing date of Oct. 7th looming. Much to our shock, October 7th came and went without an email from our lawyers. When I contacted them on Oct 8th to ask what happened to our closing date and why had no one asked us to wire the funds to close, we were met with silence. Finally, they responded to let us know that the closing had been delayed. Until what date, no one could tell us. We let them know that we had plane tickets and 6 of us were scheduled to arrive on Oct. 18th so we definitely needed to close by that date so that we wouldn’t be homeless.

Continue Reading