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Originally posted by Fido

Thanks Guys,

In my case it is conventional not a high ratio.

I was contemplating equity re investment hence shying away from 5 years.

5 year variable is good @ 2.1 from Meridian but in addition to the 3 months interest they mentioned something unclear about converting to fixed for 3 years.

GG - You have made a valid suggestion ... I will try if RBC can match the 5 Y V from Meridian.

Else I will go with 2 years fixed from RBC and then decide after 2 years as per the situation.

Thanks All ...I have just got started.

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Congratulations on your first buy.
Go for Variable, with annual lump sum payment, pay Biweekly, and also ask for maximum payment though you are on variable so that you pay maximum and down the road if anything happens you can go back to minimum and that way you always have buffer or the safety.

Be careful on movers there are a few scammers and they hold your belongings at ransom and even police cant do anything. So with movers do not sign any papers and if you are told to do so make sure you READ it carefully and do not pay advance.

Down the road you need help in renovations can always reach me.

After living several decades in this majestic place, you brought the house? Which house? Where did you bring it from? Was that heavy? Was it assembled in situ or pre-assembled? I bet you meant it was a trailer. What's all this noise about buying a trailer.

All right! You did the spell check. I am sure he was so excited and wanted to tell us all, he forgot to do a check before posting it to the web. Even then the spell check would have let him use the R to go with it. Because there is a word like that.

Congratulations to FIDO once again, I did that in another post right under this. It never hurts to say that once more, so take your time, move in and settle down and enjoy the additional space and all the responsibilities that goes with it.

Good Luck.

FH.

Hello G I there is another guy who is posting here, who looks exactly like you. Are you twins! Or is he upto some mischief?

Thanks FH,

I have a doubt fellas - In case of a bidding war (more than one round of offers) , in the final round - does the selling realtor disclose the nearest offer to the buyer's realtor in order to get him bid higher?

If yes, then does the buyer realtor reveal the same to the buyer in case of best interests ?

In my case upon our offer being accepted , I asked the seller's realtor what was the closest offer and he replied that he had already told that to my realtor ? Upon asking, my realtor told me a price of 5K below our offer and I felt bad since I could have saved 3K or so if I would have know that before putting the final figure .... to which he said that it was utmost secret hence he did not reveal ....

I have a friend who had similar case where this happened and the sellers realtor did disclose the closest offer to them and they added a couple of thousands and closed the deal .

What is the general procedure here ? Are these things revealed or not ?

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Fido.

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Originally posted by Fido

Thanks FH,
What is the general procedure here ? Are these things revealed or not ?

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Is any website where we can see what price the house has been sold in Ontario?

tried at Google but could not find much information...