some areas more than 50% selling over asking price

Should the Toronto Star being publishing these types of articles about Toronto Real Estate.  Here’s a link the Toronto Star published last week about the bidding wars on Toronto Real Estate

Toronto Real Estate and The Toronto Star.

My personal opinion is that the press is constantly manipulating our market.  Sure people are scared to put their homes on the market because they fear they won’t be able to find somewhere to live.  This is definitely a real concern.
by Sweet One under CC-SA That’s why there are so few listings with those that are listed as much  as 50% go over asking price in some neighbourhoods.

But personally I don’t think the Toronto Star  hyping Toronto Real Estate the way it does or any other local publication for that matter is helping matters, just selling papers.  I would be interested in hearing your opinion on the matter.

Toronto Real Estate and The Toronto Star

Toronto Mortgage Coach

Both an appraisal and a home inspection are important steps of the home-buying process, so it’s well worth your effort to distinguish the differences between them and how they can uncover detailed information about the home’s value and condition.

Appraisal

Essentially, home appraisal is a survey activity performed by a professional in order to develop an expert opinion on the market value of a real estate property. Home appraisal is usually done for a lending company or a bank as a prerequisite for the approval of a mortgage application by a homebuyer.

The essential elements of a home appraisal report include information and data related to the overall condition of the property, the neighbourhood, variables that contribute to the sale of similar homes and the time spent in selling similar properties.

The appraisal report may be presented as a comparable sales analysis or a cost assessment of value.

Home Inspection

A home inspection is not used to determine property value, but will provide an assessment of the physical condition of a property. Read the rest of this entry »