Renting VS Home Ownership
This is a decision which many people face, and the decision is not as easy to make as it may sound as there are compelling arguments on either side of the equation!!
As a homeowner, you can reasonably expect the equity in your home to increase over time as your mortgage is paid down. That, combined with regular appreciation in property values, can be a rapid and rewarding way to increase your net worth. In contrast, the person renting over the same amount of time is left with no property investment but may have enjoyed lower living expenses and the opportunity to invest in other opportunities.
"As a first time home buyer I was very nervous about the entire home buying experience. Upon recommendation from a friend who had recently purchased a home using Paul's services, I gave him a call. From the very first conversation he made me feel at ease and comforted in taking on my first major investment. Paul helped me for almost a year to find a place that would meet my needs and still fall within my price range.- Darrelle Joseph
He was very patient in explaining terms, look-fors and things to avoid when purchasing my first home. I saw many condos with Paul, and at no time did I feel hurried or pressured. I always felt as though I was his highest priority, and he was always readily available to see homes (he even replied to my emails while he was on vacation!) That's dedication.
He went step by step through each and every paper and document and made sure that I understood all aspects before signing. Even after the final page was signed and the keys were in my hands, he was still there to ensure that I was completely satisfied with my purchase for weeks after.
I would recommend Paul and his company to any new home owner as he was very thorough and patient. I couldn't have asked for a better agent!
Price and square footage definitely have an impact on home buyers' decision-making, but what about the sentimental side of becoming a home owner? In a recent survey of 1,000 men and women, Coldwell Banker Real Estate found that regardless of price, size or layout,both genders emphasize the importance of how a home will fit their lifestyle.
"This letter serves as a testimonial regarding the excellent and professional treatment that I received from Paul Magnus when he undertook to sell my condominium in Mississauga earlier this year.
He sat and discussed with my son and I, the advantages of carrying out some changes that would make the apartment more presentable and therefore more attractive to Buyers. With the help of his associate Timothy Burke, they reshaped the entire apartment, added throws to the couches and paintings on the walls. The end result was that my apartment looked as if it belonged in one of those House Beautiful Magazines.
Paul also spent numerous hours speaking with prospective buyers, being available for numerous open houses and showings and put in place a very attractive marketing plan that included flyers and newspaper advertising.
The property sold for a price that was well within my expectations. I therefore have no reservations in recommending him as a very professional and results oriented Real Estate Sales Representative."
-Mary Dunkerly, RN, CPN (c)
"Sales Representatives, Timothy Burke and Paul Magnus, recently handled the sale of my apartment condominium at 38 Avoca Avenue, Toronto.
I could not have been more pleased with their handling of the transaction;
- They guided me to make some minor renovations which resulted in obtaining a purchase price which was materially higher that two competing firms had promised.
- They staged the property at their own expense.
- The property sold at the asking price on the first day it was shown.
- They returned every email and phone call within minutes, not hours.
All in all, the transaction was handled to the best professional standard I have experienced."
"Re the purchase of my condominium in Toronto.
Paul made it easy to find my new home. He not only understood my needs quickly, but was with me all the way to make sure that things went smoothly right up to moving day. His attention to detail and commitment to provide the best care to his clients went well beyond my expectations."
"Working with Paul was fantastic! His knowledge of the real estate market in the Toronto area was exemplary and he was willing to explore a very unique condo opportunity to further this knowledge. His kind, friendly demeanour made it easy to ask questions and discuss options. His response times were very prompt which is extremely important for the 'instant' information age. I will be contacting him when I want to sell!"
"Re the sale of our mother's condominium at Yonge and St Clair:
Timothy and Paul represented our best interest at all times. They were diligent, thorough, helpful and appreciated everything that was involved for us in selling a home. They were a pleasure to work with."
Office (416) 366-8800
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