real estate news

September Seasonality...

September Seasonality…   Roll up your sleeves home buyers and sellers, the Fall market is upon us. Labour Day to Halloween is high time for house hunters and home owners looking to make a move before the end of the year.As you can see in the chart provided by the Toronto Real Estate Board, the volume of new listings hitting the market in September is over 15,000 as opposed to just over 11,000 in July and August.What does this mean for you? Buyers: If you’re in the market to buy, this means that you have access to more inventory. You have better selection and a higher opportunity to find the home that best suits your criteria. If you’ve been fed up with bidding wars or disappointed in the properties you’ve been seeing, now is the time to get active. This is historically an ideal time for buyers because compared to the Spring market, the Sales-to-New-Listings Ratio is more in your favour! In a nutshell, more inventory, more choice, and slightly less heated. That being said, still prepare for war. Get a good Realtor to represent you who gets what you’re looking for and can quarter back your purchase.Sellers If you’re in the market to sell, you want to hit the market between now and the end of October. There is a slump in the market that happens right around Remembrance Day. Most of the buyers who have been looking want to move before the end of the year. Please speak to an expert to get guidance on the following 6 steps:     1. Pricing     2. Home Preparation     3. Go To Market Strategy     4. Sales and Sales Follow Up     5. Negotiation     6. Post Contract  If you do everything correct, the result should be a premium price on the sale. We don’t achieve miracles, but we have commanded 100% of asking price this year on our downtown condo listings (me brushing my shoulders right now) and we’ve reached new highs on almost every street we’ve sold on this year in SMAP (Scarborough/Markham/Ajax/Pickering).Take advantage of the seasonality of the market and if you’re thinking of getting a value for your house, now is the time to speak to an expert.September is upon us. Cottages are closing, The Ex will be over soon, Summer BBQs coming to an end and Patio season in its last lap. More time for you to surf realtor.ca and more time for you to consider that move!As always, for everything real estate, reach out any time.RS>

September Seasonality…

Roll up your sleeves home buyers and sellers, the Fall market is upon us. Labour Day to Halloween is high time for house hunters and home owners looking to make a move before the end of the year.As you can see in the chart provided by the Toronto Real Estate Board, the volume of new listings hitting the market in September is over 15,000 as opposed to just over 11,000 in July and August.What does this mean for you? Buyers:
If you’re in the market to buy, this means that you have access to more inventory. You have better selection and a higher opportunity to find the home that best suits your criteria. If you’ve been fed up with bidding wars or disappointed in the properties you’ve been seeing, now is the time to get active. This is historically an ideal time for buyers because compared to the Spring market, the Sales-to-New-Listings Ratio is more in your favour! In a nutshell, more inventory, more choice, and slightly less heated. That being said, still prepare for war. Get a good Realtor to represent you who gets what you’re looking for and can quarter back your purchase.Sellers
If you’re in the market to sell, you want to hit the market between now and the end of October. There is a slump in the market that happens right around Remembrance Day. Most of the buyers who have been looking want to move before the end of the year. Please speak to an expert to get guidance on the following 6 steps:
   1. Pricing
   2. Home Preparation
   3. Go To Market Strategy
   4. Sales and Sales Follow Up
   5. Negotiation
   6. Post Contract

If you do everything correct, the result should be a premium price on the sale. We don’t achieve miracles, but we have commanded 100% of asking price this year on our downtown condo listings (me brushing my shoulders right now) and we’ve reached new highs on almost every street we’ve sold on this year in SMAP (Scarborough/Markham/Ajax/Pickering).Take advantage of the seasonality of the market and if you’re thinking of getting a value for your house, now is the time to speak to an expert.September is upon us. Cottages are closing, The Ex will be over soon, Summer BBQs coming to an end and Patio season in its last lap. More time for you to surf realtor.ca and more time for you to consider that move!As always, for everything real estate, reach out any time.RS>

6 Things to be prepared for Multiple offers.

So in case you didn’t notice, the GTA housing market is hot. There is no
shortage of buyers for a very tight inventory. What does this mean for you?
As a buyer in this market… you have to be ready to go and ready to offer
as strong as possible. Here are 6 things you need to do when you’re working
as a buyer in multiple offers.

1. Make Time!

Both you and your Realtor need to be available. The market is not waiting
for you to have a Saturday afternoon to go see property. If you want to
offer on something, please ensure you’re first through the door.

2. Be a Bully…

Have you heard the term bully offer? If you’ve identified a property of
interest, submit a bully offer that is compelling and strong for the
sellers to say no to. Let’s face it, no sellers want to be showing their
home for a long period of time. If you can, make them “an offer they can’t
refuse”.

3. Understand Future Value.

You and your realtor should sit down and talk about future values. What is
the cost of not paying September’s value in May? What is the opportunity
cost of missing this property? Projections based on statistics and facts,
should be available from your Realtor.

4. Have your offer ready for competition…

Your offer needs to be ready for a fight. Come in swinging. This means have
your deposit cheque with the offer, and if possible, remove all conditions.
A firm offer with cheque in hand always beats a conditional offer or offer
with no cheque.

5. Hire someone who knows.

Don’t just go with the Realtor you know. Go with the Realtor who knows. You
could potentially lose a lot of money or your dream home. Please Choose
Wisely.

6. Don’t be a sucker.

Don’t overpay. Seems weird for this to be the last point on this list, but
the truth is you need to make an informed and smart decision. Don’t get
caught up in the emotion of it all. Evaluate facts and know what you’re
getting in to. This is a major purchase and you want to be in a good place
afterwards.

As always, we’re ready to meet for coffee or chat real estate any time. =)

RS>