By Daniel Bortz


Unless you’re going to build your dream home, you’ll probably have to make some compromises when it comes to the interior design. That’s why Northville, MI, real estate agent Daniel Gyomory always has his clients create a list of “must-haves” and “wants.” After all, “there’s no such thing as a perfect house,” he says.

Still, it’s easy to walk into a home and get distracted by flaws or minor repairs that need to be made. The stained shag carpet that causes you to pass on a house is relatively simple—and cheap—to fix.

"Cosmetic issues are a big problem for a lot of home buyers,” says Linda Sanderfoot, a real estate agent with Coldwell Banker. Things that might look like total deal breakers at first glance but…

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By Liz Alterman


Home buyers often start their search with a long list of must-haves ... only to find they need to whittle it way down once they see what's within reach. Unless you're a bazillionaire, it's impossible to check all those boxes on the wish list. So, how do buyers decide what pieces of their dream (home) they're willing to hack off?

Imagine a triangle with price, location, and size/style/upgrades at each point. In most cases, you will have to be ready to give up on one of those three, says Dana Gonzalez, a Realtor® in Denville, NJ. “Expect to compromise. If you get 80% of what you want, you're lucky."

We asked experts to name some common concessions and offer words of wisdom—or warning—on how those trade-offs can play…

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October reflects the average number of sales that we experienced in Red Deer throughout the summer, particularly in July. The active listing count is now following the typical downward trend as we enter the colder months, as sellers plan to pull down their for sale signs & string their Christmas lights. The average number of days to sell has dropped slightly as those happy buyers secure their new nests for the winter.

It will be interesting to see how the market will respond to even further mortgage changes to take place. Stress tests, used for approving high-ratio mortgages will be applied to all new insured mortgages – including those where the buyer has more than 20 per cent for a down payment. The stress test is aimed at assuring the lender…

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