In a hot market like the one we’ve had here in central Toronto for the past several years, a lot of buyers have hard times finding homes to buy. Because demand is stronger than supply, there just aren’t enough homes to go around. This has resulted in some buyers (often with the help of their […]
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Do I Have to Pay HST When I Buy A New Home That’s Listed On MLS?
Ask me anything. Anything at all. And I promise you an honest, straightforward answer. I’m here to help and I’m happy to do so. Don’t be shy because there’s no such thing as a stupid question. If you haven’t been selling real estate every day for the past 20+ years like I have, no one expects you […]
Commission Options
If you’ve been following along, you’ll know that there are countless different reasons as to why people decide to hire a specific Realtor (see 1,000,000 Reasons Why People Haven’t Hired Me). But even though we’re all very different, that doesn’t mean there aren’t things we all share in common. For example, almost everyone asks “How […]
Demand Excellence
One of the questions often asked when the subject of real estate commissions comes up is whether Realtors are worth what they’re paid. Does it make sense for some Realtors to earn more than school teachers, for example? Probably not. But it’s the market that determines how much people are paid. The same market that determines that a […]
Which Agent Would You Use?
You’re looking for a new home. You already have an agent, but you haven’t signed a contract with him yet. You walk into an open house and the listing agent tells you that if you buy it through her, she’ll give you a break on the commission. What would you do: a) buy the house […]
1,000,000 Reasons Why People Haven’t Hired Me
When I was a wee young agent, I thought everyone would want to hire me because of my integrity, unique skill set and the way I always put my clients’ best interests above all else. I obviously had a healthy ego, but my understanding of human nature left room for improvement. I’ve had a GREAT career […]
Trending – Renovated or Not?
Then: “We’d like a good solid home that hasn’t been recently renovated so we can add value to it by renovating it over time.” Now: “We’d like a home that’s been completely renovated so we can move right in because we don’t have time to do any work ourselves.”
What Would You Do? – Friends & Relatives Pop Quiz
You’ve decided it’s time to make that move you’ve been contemplating and need to hire an agent. Question 1: Would you a) hire your friend or relative; OR b) keep business and personal separate? Question 2: If you prefer to hire your friend or relative, which of the following best describes your reason for doing […]
THE PROCESS is Key
My accountant is great. We’ve been together since the beginning of Advocate Realty – over 20 years now. I planned on interviewing a few accountants and then choosing the one I liked best, but sometimes you just know. It took 10 minutes with Laurie to know I had found the right guy because it was obvious that he […]
You See It, You Like It, You Buy It – Part 3
This is the third post on this subject, otherwise known as “He Who Hesitates May Get Lost”. You’ll remember that Part 1 was about the second buyer who appeared out of nowhere at 11:30 pm just as the seller was about to accept my client’s offer and Part 2 was about the negotiations that carried […]
What Will the Market Be Like in 6 Months? A Year? 2 Years?
People often ask me what I think the market will be like in the future. It’s a good question because it’s helpful to know this when you’re trying to determine the best time to buy or sell. I usually have a pretty good idea of what the residential real estate market in central Toronto will […]
Emotions? What Emotions?
I was watching House of Cards the other night when one of the characters said something that really struck a chord with me. When asked if his decision was based on emotion, he replied: “You don’t make decisions based on emotion. Decisions based on emotion aren’t decisions. They’re instinct.” I love a show with good […]
Your Client is Thinking of Overpaying – By a Lot!
Sometimes you just don’t know what you’ll do until you actually find yourself in a certain situation. And residential real estate has a way of putting you in all sorts of different situations. Situations you would never have dreamt possible. It’s easy to say “Oh, I would never have done that!”, but how do you know […]
Lytton Park is Undervalued
You may not be interested in Lytton Park specifically, but what’s going on there right now is very helpful in understanding how the residential real estate market works in central Toronto. Lytton Park is undervalued. It hasn’t been scientifically proven, but that’s what I think. Here’s why: First, some background. Lytton Park is an established, […]
You Receive Five Offers For Your Home
Sometimes you just don’t know what you’ll do until you actually find yourself in a certain situation. And residential real estate has a way of putting you in all sorts of different situations. Situations you would never have dreamt possible. It’s easy to say “Oh, I would never have done that!”, but how do you know […]
If I Terminate a Deal, Can I Go Back and Make Another Offer?
Ask me anything. Anything at all. And I promise you an honest, straightforward answer. I’m here to help and I’m happy to do so. Don’t be shy because there’s no such thing as a stupid question. If you haven’t been selling real estate every day for the past 20+ years like I have, no one expects you […]
You See It, You Like It, You Buy It. Or Not. – Part 2
You’ll remember the lesson learned in Part 1: Residential real estate exists in its own strange world in which anything can happen so don’t hesitate. If you see it and like it, buy it. And if you receive a good offer for your home, take it. But residential real estate is SO strange that you need to expect the unexpected and […]
Is Your First Offer Always Your Best Offer?
There’s an old adage in real estate that your first offer is always your best offer. It’s a line typically used by a buyer’s agent to try to convince a seller to accept the buyer’s offer, usually when the property hasn’t been listed very long and usually when the buyer’s offer is low. The premise […]
You See It, You Like It, You Buy It – Part 1
Have I told you about the time that another buyer appeared out of nowhere at 11:30 pm to scoop my client? It was about 1993 and multiple offers were non-existent because it was a buyers’ market, if you can believe it. My client had been looking for a bungalow for several months. We finally found […]
Be Prepared for the Fall Market
No, it’s not Fall yet, but the Fall market in central Toronto IS just around the corner. The unofficial start is after Labour Day and it usually runs until the beginning or middle of November, which is when things begin to slow down for the holiday season. I was recently contacted by a couple of […]