{ Create an Account }   { Login }   { Contact }

Archive for May, 2019

What is a Bully Offer?

Thursday, May 30th, 2019

By virtue of its name alone, a bully offer doesn’t sound particularly appealing.

After all, who likes a bully?

In fact, just last month, the Ontario Real Estate Association (OREA) proposed that the province place a ban on the practice of bully offers.

Bully offers, also known as pre-emptive offers, are submitted ahead of the seller’s scheduled offer date. They are typically valid for a short time frame, a move that is intended to circumvent competition from other potential buyers and to place pressure on the sellers.

OREA believes the practice crowds out other buyers, making the process unfair and that it puts undue stress on sellers. The recommendation is one of 28 submitted to the province, which is currently reviewing the Real Estate and Business Brokers Act.

The main reason why buyers make bully offers is to avoid other offers.  The bully buyer is hoping that interest will be relatively low early in the listing timeline before consumers become aware of the property. They jump in with their offer and the buyer just might take it. And even if other buyers are interested the bully offer is hoping they won’t have time to pull together financing or get a home inspection.

Should you accept a bully offer? That depends. If the price is right, why not? That means no more home showings and rushing home from work to stack dirty dishes in the dishwasher or stash unsightly items out of sight. If you are happy with the price, want to be done with the process of selling your home and tend to be a straightforward-thinking seller, this may be for you.

Bear in mind, that for a bully offer to be especially attractive, there should be no conditions. So sellers should expect a firm offer with a sizable deposit. It’s not a bad idea to consider ahead of time what price would prompt you to close the deal.

If, however, you are often uncertain and regretful, this move may not be the one to take. You could end up wringing your hands over what kinds of offers you would have received on offer night. This shoulda-coulda-woulda scenario may haunt you and your finances for months and years. But know that there is also a down side to holding out and that is that, just maybe, that bully offer is your best bet in terms of price and conditions.

Sources: www.cbc.ca

Apply the 3 Rs to Your Garden

Monday, May 6th, 2019

You may have pooh-poohed the notion of trying to create and maintain an eco-friendly garden largely because your wee patch of grass is so, well, wee.

Don’t let size dictate your decision to use genetically modified seeds or harmful lawn chemicals. Remember that every little bit helps. Your efforts will contribute to the reduction of greenhouse gas emissions and encourage the absorption of carbon dioxide by soils and plants which lessens the effects of global warming.

With that in mind, let’s address the old concept of recycling. Yes, you can recycle and reuse a host of items that will make your outdoors look like it came from the pages of a magazine. Here’s how:

Everything old is new again

You’ll need a little time and ingenuity with this point, but the pay-off will be well worth it. Scour antique and junk stores, out-of-town flea markets and garage sales for old tin laundry buckets, terra cotta pots and hand-made bricks. These items will add a distinctive ambiance to your gardens, infusing your outdoor space with colour, interest and charm.

Check your kitchen

As one of the most-used rooms in our homes, the kitchen also contains a lot of stuff. Look here to recycle and reuse materials for your lawn and garden.  Reuse your recycled egg cartons to create seedling starters. Their shallow depth makes them the perfect vehicle to start plants from seed.  Try to place in a south-facing window. The same effect can also be done with plastic lemonade containers that are recyclable.

Use old wine and beer bottles, especially the prettier blue and green ones, to make water planters.  Place water in the bottle then a cut stem and you’ll eventually see roots growing in the water. You can also try wine bottles planted upside down as an edging material. Warning: you will need a lot of bottles.

Outdoor furniture

Tired of that patio set you’ve had for years? If it’s metal and you still like its shape, why not consider a fresh coat of paint. That can definitely breathe new life into something old. But if that won’t do try selling it or giving it away. If your furniture is plastic, you may have a harder time recycling it. Check to see what type of plastic it is.  It’s unlikely your curbside recycling will accepts the furniture, though a larger recycling facility might.

Old wood materials

Try building a compost bin from old pallets. Simply arrange the pallets on their sides and attach four of them together with ropes or wire. The gaps in the pallets are okay as a compost pile needs air to develop.

The other neat thing you can do with pallets and old wood such as scaffolding planks is build a raised garden bed. As we age bending over to tend to gardens can become difficult so installing a raised bed on sawhorses is ideal. Don’t make them super large as the soil will make them too heavy. These raised beds are ideal for plants with shallow roots such as lettuces and herbs.

There are plenty of ways to employ the 3 Rs outdoors this summer. Use your imagination and get your family in on the plan. Eventually you’ll attract more bees and butterflies to your outdoor space and you’ll wonder why you didn’t consider the 3 Rs sooner.

 

 

Sources: www.earth911.com, www.growveg.com

The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the Toronto Real Estate Board. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.