-
Why didn’t my house sell? Thinking about what gets houses off the market
No question that the market today is not what it was in 2021. Not only that, it is not like it was in January of last year .. or in fact, July. We had a robust market where sold signs were popping up everywhere, and then, someone tuned the switch off. Showings are down, homes…
|
-
I’ve got a secret. Promise not to tell?
How important is confidentiality when it comes to the sale of Real Estate? For some, it is an “iron clad” rule never to be broken, and to others, well the lines are a bit blurry. Let’s go back to the market of the early 1990s and review a sale I had worked on. The Seller had his…
|
-
House prices are coming down, why are rents going up?
Housing prices have declined since February 2022 but guess what? The price of renting a home or apartment has jumped similar to how the values of homes increased during the pandemic. To help clarify why rents have risen it helps to look as an investor does when considering buying a property to offer as a rental. The average price…
|
-
A Tale of Four Houses
It was American Thanksgiving, and I was in Phoenix doing my best to enjoy a turkey dinner whilst recovering from emergency dental surgery. In-between bites, I ended up selling a home in east Oshawa. The Sellers ended up settling a good price which helped them move to a rental and enjoy the equity their home…
|
-
Helping Agents become better Realtors in Durham Region
I had a newer agent reach out to me, exasperated about how the market has shifted over the past few months. After a few minutes, I realized that they were unsure of how to manage the sale of a property they had on the market.For context, here is the reality of our professional Real Estate…
|
-
When Experience Matters in Real Estate
Let’s get honest for a few minutes. Our market is shifting, and we don’t know how long the shift will hang around. It might be a few months like we saw in 2017 or a 13 year drought after the housing market went sideways in 1991. However, there is some data that can shed light…
|
-
Buying Netflix Stock in today’s market
There is a tie-in to Real Estate if you stay with me for a few minutes. In February if you decided to buy one Netflix share you would have paid $457. Today, you would pay $194. If someone suggested that you would pay a higher amount you would laugh. The prices for Real Estate are…
|
-
Flipping Houses in Oshawa, Whitby and Clarington
I recently sold a home in Oshawa and the story behind another similar home in the neighborhood had me digging in to how “flips” work. I thought I would share my research into what happened to the home down the street from the one I was asked to help sell. I am going to keep…
|
-
Real Estate Market Confusion. Bear Market? Bull Market? Beer Market? Buy? Sell? What should you do??
There is a common saying in business; “Success Leaves Clues.” What this means is that to be successful in any endeavour, rather than re-inventing the wheel, if you research successful people and businesses you can come to understand why they, in such competitive environments succeed when others did not. I joke (on a pretty regular…
|
-
Changing Interest Rates: An opportunity for Real Estate in Durham Region
The mortgage rates have jumped up over the past month by more than ½%. How is this change affecting the market?The easy way to look at it is to see how much the costs of carrying a mortgage have increased. Another approach when you lean into the question a bit deeper that might surprise you…
|