Today, buying a home in Toronto has become next to impossible. The prices of all sorts of homes (detached and semi-detached homes, row-houses, apartments, condo townhouses, condos, etc.) have risen out of proportion and those who are living on rent are going to be evicted due to no-fault eviction ordnance of Toronto.

Out of many pricing strategies present in real estate, there is a strategy that is often used when the real estate market tilts in favor of sellers is withholding offers. This then leads to what is referred to as a bidding war.

Homebuyers that are hopeful in buying their desired condo are no longer unfamiliar with bidding wars. How does a bidding war work in real estate and what can buyers do to bring it in their favor, so they can be successful in buying a condo? Let us now find out.

The mechanism of bidding wars – How does it function?

A bidding war (otherwise known as a multiple offer situation) takes place when the listing agent holds back offers as part of an elaborate plan. It means that any buyers interested in purchasing a residential property are requested to wait until a specific date.

That specific date usually lasts between five to seven days in the market. Such is done so buyers can present their best offer to the seller. This also gives buyers time to preview the listings and their realtor (real estate agent) can perform the due diligence on coming up with the right price offer. Buyers know they will be competing with other prospective and hard-core buyers in today’s tough market.

On the day of the offer, buyers register their offers through their realtors. While buyers will be told how many other offers are being registered, at what rate they are coming is kept a secret. This allows sellers to review a wide range of other offers made by prospective buyers.

The listing agent and buyers’ agents will be in negotiations throughout the offer presentation. Such is done in order to encourage bids that can be close to those that can raise the bar, as set by the seller.

How can a prospective buyer win a bidding war?

Bidding wars can be often running without direction and buyers never get to know what kind of offers they are competing against. But there is not much to worry about as there are some strong tactics that can raise the buyer’s chances of having their offer accepted by the seller.

They are as under:

Tip # 1: Buyers should keep the conditions aside

It is best for buyers to keep the conditions aside when they are in the bidding war. Among the conditions are status certificates, home inspections and the like. When buyers waive off such conditions when making the bid, it means that they have proved to the seller that they are serious in doing business.

For instance, a seller receives four offers for Toronto condos, having slight differences in prices. Three offers have conditions while one doesn’t have a condition. The one without a condition will be attractive to the seller, and they will go for it.

When buyers decide to make a concrete offer, it is important that they are completely sure about moving forward with it. For instance, if the buyer’s offer is accepted but their financing does not make the cut, they are bound to lose their deposit they saved each cent and dollar for.

Tip # 2: Buyers should have their deposit ready

If buyers are serious about the purchase, they should have their deposit funds ready and it’s essential that such be prepared ahead of the date of the offer made. The market norm for the deposit is 5% of the purchase price. If buyers need to move the needed funds from one bank account to another, this can eventually take a few days.

When buyers present their offer, their bank account overdraft should be able to prove to the seller that they mean business. If the offer is accepted, such amount of money is usually needed within 24 hours.

Tip # 3: Buyers should not reduce their bidding amount

At times, listing agents can withhold offers and consequently, they will price it below the fair market value in order to create a competitive offer situation. If buyers are in the hope of winning a bidding war, they should know that making an offer that is C$5,000 or C$10,000 over the listed price is least likely to be accepted.

For their offer to be accepted, the realtor (real estate agent) they trust will work with them to formulate a plan that ensures them putting forward the best they have to offer to the seller.

When buyers have found a home and seriously are considering making an offer, it is best to determine what that residential property is worth to them. They should discuss their absolute budget with their trusted realtor, so they can understand the limitations and opportunities present.

The first offer the buyers make does not need to be out of their budget. However, having a top budget number in consideration gives buyers some space to improve on their offer, if needed. These limitations can help keep them on the right track.

Conclusion

Now, Toronto’s real estate market is becoming the most expensive in all of North America. Tenants are at the risk of eviction through no-fault eviction ordnance which is a cause of concern. The city government of Toronto, the provincial government of Ontario and the Government of Canada are doing all they can to address this issue.

The tips can help prospective buyers understand what it takes to buy a condo and how tricky the process of buying a home is. The bidding wars are not a piece of cake, but confident buyers should not shy away from it. Hopefully, Toronto’s real-estate market will cool down in the coming days.

Well, my best friend recently purchased a new home. A big congratulation to him. Since I was planning to pay a visit, I had to search for a unique gift item, which amplifies the interior ambiance. I was looking for a gift that is pleasing to the eyes, cost-effective and adds value to his home.

 

Choosing Custom Canvas Prints

Well, I added all these three criteria to your bucket list while searching for a gift and went for the custom canvas prints, which offer variable options to customers. You can get any of your favorite photos customized and display them on the wall to be witnessed by everyone.

Canvas prints have the ability to bring images to life in an exclusive manner. However, before you decide to customize your photographs, you need to understand the process of how canvas prints get optimized.

 

Creating Customized Canvas

You have a couple of options that will help you transform an ordinary-looking image into something splendid.

The first alternative is choosing the traditionally stretched canvas art prints. Here, the professionals make use of an eight-color inkjet printer on a good quality artist canvas.

You also get the option to choose three different types of depths, including 0.75 inches, 1.5 inches, and 2.5 inches. The artists also make use of a hardwood frame with the hanging facility, which makes it much easier to display for photos.

Now let’s talk about the second option. Here, in this case, the photos are usually transferred to canvas prints. Again, the artist will use the eight-color inkjet canvas printing. The sealed finish backing is an amazing feature that you get with this canvas printing. The product is mounted on a high-density wood fireboard. The canvas print is resistant to warping and ready to hang.

 

What about the quality then

The first important product used to create a beautiful canvas print is high-quality ink that does not fade easily. It means you are looking at an online canvas print that will not lose its color within the next ten to fifteen years.

The artists also pay attention to one more pivotal area, which is to avoid over-saturation of colors. In addition, to that, you also need to note that shifting of the colors can lead to damaging your image. If you are focusing on these small important details, you can certainly create a top-class custom canvas print.

 

Inclusion of a full-frame inside

Other crucial factors that come into play include a full-frame inside. This will help you to enhance the beauty of your canvas prints and at the same time, will hold everything intact when completely made. You also need to ensure the corners are extremely tight to avoid sagging. Furthermore, the sealed back protects the integrity of the canvas print.

In case you are opting for the traditionally-stretched canvas wraps, you are sure to get an outstanding product from an adept and experienced craftsman that will grab everyone’s attention in a span of seconds.

 

More facts on quality prints

We discussed attaining high-end quality in the previous paragraph. But what people usually ask at this juncture is the price of the canvas prints.

You can ask the artist to create the prints earlier than the expected time if you are buying it for a special occasion. Be rest assured about one thing; there will be no compromise on the quality factor. It means that you can even place a last-minute order and the product will be rightly delivered to you.

Taking the discussion further, it is essential that you are using a standard light source while editing the photos. This will help you to retain the exact colors for the images.

 

A range of options for canvas prints

Whether you are selecting a traditionally-stretched canvas print or a hardwood solid canvas art, one thing is sure. You will get a wide range of options to explore. It means that as you go in-depth, you can learn more about customizing canvas printing.

 

For example, if you are opting for a solid-face canvas print, then you can select the frame in different colors such as black, white, or walnut, etc. you also have the option of leaving it unframed.

Coming to the sizes

When you consider the sizes, you have a plethora of options to choose from. Yes, you may go for the small size of 5’x7’ or a large size ranging to 32” x 48”. All these sizes are applicable to the custom canvas prints as well. This makes canvas art images one of the unique gift options that you can present on any occasion.

The same option goes well for the traditionally-stretched canvas. The size of the thin wrap varies from 0.75 inches to a chunk wrap of 2.5 inches.

 

The bottom line

Nowadays, customers mostly look for unique designs and more customized options when choosing canvas prints for any space. What distinguishes canvas prints from ordinary images is high-quality, cost-effectiveness, and a wide range of options to choose from.

If you are a new modern bride and just married into a family and home, it is obvious that you always want to look your best as you are the center of attraction at most family functions and events. Most modern Indian brides face the dilemma of what to wear when it comes to posting wedding invites, parties, and get-togethers. When you are attending ceremonies related to the wedding, it is prudent to play safe. Indian weddings, festive functions, and ceremonies have several traditional rituals. Here, you cannot sport western clothes, and since you will be participating in most of them, you need to look like the glamorous modern bride. Fashion experts in the field suggest the following options when it comes to your post-wedding look:

• Traditional saree- Nothing looks elegant and stunning as the traditional saree. There are several traditional sarees from various locations of India that you can choose for any ceremony, function, or event. For getting the saree of your choice, you do not have to waste time at local stores physically. You can check out websites that sell Indian sarees and order them from the comforts of your home. You should choose a saree material as per the climate of the place so that you look beautiful and elegant even if it is humid and hot.
• Long Anarkali Kurta- The floor-length Anarkali Kurta suit is one of the most widely sought- after Indian outfits for modern brides across the country. They never go out of trend and are comfortable to wear in all occasions and events. They are simple and gracious in style. Ideal for the modern bride who wishes to look stunning and feel comfortable as well. 
• Lehengas- The lehengas are a popular favorite for most young modern brides. The lehenga with a cape gives brides a fairy-tale touch and makes them look beautiful and gorgeous. 

 

 

• Saree with cape- If you want to be a fashionable modern bride with an ethnic appeal, you should wear the saree with a cape. There are several outstanding designs and patterns available in boutiques and online stores. You will be spoiled for choice. Choose one that makes you look pretty and glamorous at the same time. 
• Designer saree gowns- This is a new entrant in the Indian fashion scene for modern brides. If you wish to give a bold look to the saree, this dress is the perfect choice for you. It is a glamorous outfit that accentuates your curves and makes you look elegant at the same time.

Therefore, if you are a modern bride, you do not have to waste time pondering what to wear for family functions and events. You have many amazing options to choose from. You can buy each one of the above outfits from local and online stores. They can be worn for a very long time, and you can effectively grab the limelight when you flaunt any of the above ethnic outfits with the right accessories with success!

Mexico received an estimated $38 billion in remittances in 2019. Evidently, sending money to Mexico is big business. A surprising number of money transfer services such as Ria Money Transfer compete with big banks in an effort to get a bite of this sizeable pie. People send money to Mexico for many reasons. Each sender has a different set of priorities. Service providers capitalize on their expertise to offer features which match these priorities. While some operators offer cost-effectiveness, others advertise speed or flexibility. Here is a quick look at some of the best options that you can choose from, to best suit your unique needs.

Speed

If your primary consideration is to send money to Mexico quickly you can safely rule out conventional banks. Most of these will take a minimum of three to five days for processing. Your obvious choice would be one of the nimble online money transfer operators. Some of these can complete your transfer in mere minutes. Moreover, some operators offer unique conveniences. With end-to-end online processing you may never need to go to a bank or step out of your home/office. One notable service which goes a step beyond is Ria. In addition to web-based transfers Ria has a mobile app for Android and Apple, which lets you send money anytime and from anywhere. The app can be personalized and allows repeat transfers to be sent in moments – perfect for those of you who send money to your loved ones regularly.

Cost

When cost-effectiveness is a priority, the best option is to make a transfer from your bank account directly to the recipient’s bank account. This works best when you don’t use the banks’services. Account-to-account transfers are cheaper because there is less overhead related to customer or recipient verification. One of the issues with using the bank as the service provider is the currency conversion cost. Banks almost universally charge a higher conversion cost. They rarely mention this cost, cleverly hiding it in the poorer conversion rates they give. Some money transfer services specialize in this, and can convert USDs to Mexican Pesos at optimal rates. However such transfers can take a day or two to process. Customers should know that in addition to stated charges some operators have hidden costs. Also note also that some operators impose a limitation on minimum transfer amount (sometimes as high as $1,000), and prove to be quite expensive for transfers less than this amount. It is advisable to check your total costs and conversion rates before initiating a transfer. You can do this conveniently by using a tool such as the price calculator.

Convenience

The primary purpose of sending money abroad is to make life easy for your beneficiaries. There is not much point to a transfer service which is inconvenient for you or your recipients. There are situations when either the sender or the recipient does not have a bank account. Sometimes recipients may find themselves located in a remote or rural region with limited connectivity and not much hope of accessing web-based services. Some recipients do not find it convenient to use web based services due to lack of familiarity. Then there are those of us who never really got accustomed to plastic money, and must have hard cash in hand.

Most money transfer operators have one area of expertise and offer one key advantage. Rarely is any service able to solve all of these problems. However there is one exception. Ria currently serves customers in 144 countries through more than 314,000 locations worldwide. You can walk into a Ria office and send money to Mexico. Your beneficiary does not need to have a bank account, a computer/smartphone, or internet access. The money you send can be collected in cash by your recipient from another brick and mortar office, or a cash collection point in Mexico.A simple verification using a government-issued identity is all that is needed for collecting the money.

The range of services available to senders and recipients of international money transfers to Mexico is wide. Each has its unique advantages and shortcomings, because each is designed to suit a unique set of priorities.