For Sale

MEET PRIME; JAMIE DODDS

Meet Jamie Dodds.

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💡HBA from the Richard Ivey School of business.

📞Absolutely relentless when it comes to representing his clients to the fullest

💰And on of the most creative people we’ve ever seen at saving his clients money.

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We couldn’t be more honored and proud to have him as head of our Commercial division.We truly believe success begins and ends with the team. Nobody succeed in this business alone, at least not in the long term. We received a number of calls lately on how many commercial buildings we are selling, and leasing, and a lot of it has to do with the infrastructure that we built as a team. Jamie is absolutely crucial to what we do. We get fired up every time we work on a project or creative solution for our clients with Jamie. As with everything else we do, we aim to provide next level service, and cutting edge systems for our clientele and Jamie fits that role and then some.

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If you’re looking to buy or sell commercial properties, or need a new location for your business, hit us up and will connect you.

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Go follow him @jamiethecloser on Instagram and watch his adventures there!

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LEASED!!!!

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#LEASED

Super excited to get another flagship #Ldnont building under contract. Our downtown is by far one of the most vibrant and the community of #makers and #entrepreneurs we have here is second to none. Proud and honored to have repped both of these amazing firms involved in this transaction and looking forward to a lifelong friendship and growth

#THECLOSERSDAILY : EPISODE 152: THE CHANGE UP

So today I'm gonna talk about something you might not care about at all because you may never actually see it. And it's the backend MLS that the real estate agents use in our market. We've been using DMS for a long time, I've had a lot of gripes about it if I've ever showed it to you, you'd laugh, they almost look like Pong or Frogger, it looks like something from the 70s or 80s. But we're migrating September 9th to a new solution called Matrix, I know they've been using it in the states for some time. Right now, the real estate agents that have signed up are going through all the training for that changeover. If you're a real estate agent, make sure you go to Lstar and take the training, there's some huge things you're gonna wanna do like porting over your contacts, making sure you're on point, knowing how to use the systems. You know, for the people that aren't in our marketplaces, these changeovers you never really see happen but it's great for the industry, it moves things forward, it makes sure that we have the best tools to represent you guys and get the best deals done.

Disclaimer: "Although care has been taken to ensure the accuracy, completeness and reliability of the information provided, we assume all information is subject to change and should be verified independently by the buyer and their agents.”

#THECLOSERSDAILY : EPISODE 151: HONEY WE LOST THE BUYER

So real estates' got a lot of gray areas as you've seen the past couple episodes. Sometimes there's no, "yes" or "no" answer to your questions. Sometimes it kinda lies in between. So we're gonna cover another topic when it comes to the gray area, and that's giving people that sense of urgency when they're showing your properties. You know and maybe implying that you have offers coming or being so firm with the fact that you have an offer in hand that they're gonna have to compete. It's gonna go way over asking, and turning off buyers before they've actually seen the property. We've seen situations where, buyers on a tour get notified right ahead of going to the property that there is an offer on the property, and they just shutdown. They don't even wanna see it. They don't wanna compete. And what ends up happening? The offer doesn't end up getting accepted and those buyers have bought something else. So you gotta be super-tactful about how you do it about the approach that you take with the other agents. That you don't turn people off at the property. You wanna keep as much interests as you possibly can to drive that price up. This property behind me is coming on market. Stay tuned.

Disclaimer: "Although care has been taken to ensure the accuracy, completeness and reliability of the information provided, we assume all information is subject to change and should be verified independently by the buyer and their agents.”

#THECLOSERSDAILY : EPISODE 132: STORYTIME

I'm Justin Konikow. Welcome to episode 132 of The Closers Daily. This one has to do with not creating a narrative in your mind that could tank your deal. What do I mean by that? I mean if you're a seller or you're a buyer and you're in a situation where say you have a conditional sale on one of your properties and the buyers are coming in asking for an extension. Maybe they ask for a day and then all of a sudden they're asking for another day. Don't start getting a narrative in your mind, that might not exist. That they're playing games with you or here and there. Trust your agent, make sure that their agent's being transparent with you and if everybody is being forthright throughout the process, make a decision that's right for you. If your property's been in the market for a couple of months and you've finally got a price that you're really happy with, give them that extra day and don't necessarily burn a deal because you think something's happening that may not actually be happening because you know a lot of the agents have time invested in the deal. The buyer maybe already paid for an inspection and wants to close it so you can shooting yourself in the foot by killing that deal or not giving them that extra 24 hour period.

Disclaimer: "Although care has been taken to ensure the accuracy, completeness and reliability of the information provided, we assume all information is subject to change and should be verified independently by the buyer and their agents.”

#THECLOSERSDAILY : EPISODE 127: BANK SALES

I'm Justin Konikow. Welcome to episode 127 of The Closers Daily. This one has to do with bank sales and power of sales. So we were actually at a investors workshop for a friend and client of ours this morning and they were actually talking about how there's a lot of coaching companies that actually come up from the States and try to use the REO and short sale and bank sales tactics that they work really well down there up here and they don't necessarily apply. And that is true. The way that we do business is Canada is very different than the States. So say for an example you default of your mortgage. Your bank takes back your property. What they're gonna do is they're actually gonna do the power of sale process and they're gonna get the fair market value for the property and they're gonna take all the expenses and proceeds out of the sale. Now you gotta ask yourself, what happens if there's any extra money? Well, bank has to keep it right? Wrong. It actually goes back to the seller in Canada. One example of why things are different up here than they are down in the States. There's a lot more intricate detail when it comes to that stuff. If you guys have any questions let us know and we'll get them answered for you.

Disclaimer: "Although care has been taken to ensure the accuracy, completeness and reliability of the information provided, we assume all information is subject to change and should be verified independently by the buyer and their agents.”

#THECLOSERSDAILY : EPISODE 124: I SEE THROUGH YOU

I'm Justin Konikow and welcome to episode 124 of The Closers Daily. So this one has to do with transparency and dealing with other agents or parties if you have something under contract. Transparency meaning, you know, letting them know what's happening when it's happening. So let's take a financing condition, for example. So say you run into trouble on the first or second day and you only have seven days for financing. Let the other party know what's going on, if they require extra documents, if you might require an extra day or two, you know, if you're an overseas or out of country candidate, things may impact getting the financing within that seven day period because if you let them know ahead of time, when it comes time to do the extension, you'll have a way better likelihood of getting that set extension. If you don't tell them anything, you hide all the facts, and then you get to the last day and you're scrambling, they might not give it to you. And if you've wasted money on inspection or anything else, appraisals or whatnot, that may be money that's washed down the tube. So super important, let people know what's going on, be transparent and make sure that you protect yourself throughout the transaction.

Disclaimer: "Although care has been taken to ensure the accuracy, completeness and reliability of the information provided, we assume all information is subject to change and should be verified independently by the buyer and their agents.”

#THECLOSERSDAILY : EPISODE 123: DO YOU BUY THE FIRST HOUSE YOU SEE

I'm Justin Konikow, welcome to episode 123 of The Closers Daily. We always promise to give you guys pocket listings and off-market opportunities, here's one: 323 Colborne, unit 1901, gonna be listed tomorrow at 178,5. awesome deal, southwest facing view, two bedroom unit, can't ask for cheaper living in downtown London. This episode of The Closers Daily is about buyers and buyer tours and should you buy a property on your first tour out? We had that question asked to us by a buyer, and, honestly, it depends on what your parameters are and if the perfect property happens to show up on the first tour. Sometimes it's the first tour, sometimes it's the sixth. You can't really set a rule ahead of time of when you're gonna see the right property. Just know what you're looking for, make sure you have a full-fledged consultation with your agent before you go out, so you set your expectations ahead of time. Know what you can afford, get your prequalifications in place and then be ready to pull the trigger. You don't want to pass up on an opportunity just because you want to get out and see 20 more houses if you found the one that you love.

Disclaimer: "Although care has been taken to ensure the accuracy, completeness and reliability of the information provided, we assume all information is subject to change and should be verified independently by the buyer and their agents.”

#THECLOSERSDAILY : EPISODE 100: THECLOSERSDAILY EPISDOE 100: SHOULD I LEAVE THE INSPECTION CLAUSE OUT OF MY REAL ESTATE CONTRACT??

 

We made it to triple digits, holy moly. So we had an audience member ask us yesterday about leaving a financing and inspection condition out of a contract because they were going into multiples and what our advice would be. And our advice would be never leave your conditions out of your contract. If you wanna leave your conditions out of your contract, what you should be doing is doing all your due diligence ahead of time. So if you have, say, a week before they're accepting offers, go do a pre-inspection. Pay a home inspector to go through the property. Yeah, it might cost you a couple hundred bucks, but it's the cheapest insurance you can buy. And if you've got major concerns, electrical, plumbing, anything else, call one of those contractors. Bring them through the property. We've done it many, many times, and that has saved us and our clients in many situations where maybe on the surface it seems like they did a great flip of the property. There was one I can remember two weeks ago where the inspector went through and literally everything was wrong with the property. So don't buy anything blind. Do your due diligence. Know what you're getting yourself into. And just make sure you're protected. There will always be more properties.

Disclaimer: "Although care has been taken to ensure the accuracy, completeness and reliability of the information provided, we assume all information is subject to change and should be verified independently by the buyer and their agents.”

#THECLOSERSDAILY : EPISODE 99: UNCONDITIONAL LOVE

Closers Daily Episode Number 99. Thought I'd give you guys some scenery of the shores of Lake Huron. I'm heading up to Bayfield to wrap up a sale up there, and wanted to touch on something we got asked by one of the people who watches our show. What happens in a multiple offer situation, and, you know, should I put conditions on my offer or not put conditions on my offer? Well, you know, the advice that we gave them is the same that we give everybody, when you're entering multiple offers is, you know, a firm offer will take precedent over a conditional offer, but you definitely don't want to be waiving your conditions without knowing what you're getting yourself into. The two main conditions being financing and inspection. So financing's super important because if the property doesn't actually appraise, then you're going to have to come up with the shortfall to close the property. What do I mean by that? I mean, if it's a, say, $400, 000 property, and it only appraises at $350, and you've waived your financing contingency, and you're firm, you gotta come up with $50k to close that deal, or you're gonna be liable. We're gonna cover the inspection condition on the next episode, tomorrow. In the meantime enjoy the view. Take care.

Disclaimer: "Although care has been taken to ensure the accuracy, completeness and reliability of the information provided, we assume all information is subject to change and should be verified independently by the buyer and their agents.”

#THECLOSERSDAILY : EPISODE 72: SNEAKY PETE

Closers Daily Episode Number 72. So when you're looking at a property for the first time, you can get overwhelmed with the overall look of the house. And the big ticket items that you don't really notice some of the little things, and one thing that we've notice a couple times doing multiple inspections is when you're inspecting your property, sometimes when you're going through the basement you'll find these sellers who are out there we like to call them "Sneaky Petes" and they stack things up in front of issues that they want to cover up in the basement. Now, we tell our clients even when we list a property, when we're asking them for disclosures, it's not a big deal if there was something that happened, whether a roof leak or a foundation leak, or anything like that. We wanna be as transparent as possible to avoid problems down the road. We actually want to disclose them and what was done to fix them, so everybody is on the same page, and you don't run into problems. "Sneaky Petes" are the ones who will stack boxes up in front of say, a crack in the foundation that they don't want to disclose, and wanna hide it prior to closing. Those are the ones that end up becoming big problems, and you wanna watch out for. Always look at the little things. Don't get drawn in by the big

Disclaimer: "Although care has been taken to ensure the accuracy, completeness and reliability of the information provided, we assume all information is subject to change and should be verified independently by the buyer and their agents.”

#THECLOSERSDAILY : EPISODE 69: WHOSE SIGN IS IT ANYWAYS

The Closers Daily Episode 69

First up, big thanks to everyone who's been following the series. You're fueling our fire with all your feedback and comments so keep them coming. And we're gonna cover the sold signs on a property. So, typically when I list a property, the way it works in our market is, I put my sign up, if I sell the property then I put a sold sticker on it. If you see a sold sticker on it, does it mean that I brought the buyer? Not necessarily. In this case, yes, but in a lot of cases when another agent brings their own buyer, the listing agent is still the one who gets credit for the sale. Back in the day in places like New York, agents would list properties and they actually wouldn't cooperate with a lot of other agents. They would try and double in the property every single time, find the buyer and get the whole commission. Real estate market's changed quite a bit, we now offer what's called a cooperating fee. So, if I list a property and I agree to a commission with my seller, I'll give away a portion of my commission to another agent who can bring a buyer. Incentivizes everybody to try and sell the property and it opens up the market to quite a few more buyers but the agent that listed the property initially does tend to get credit for the sale. I only saw one instance where the buying agent asked to put a sign up, but...

Disclaimer: "Although care has been taken to ensure the accuracy, completeness and reliability of the information provided, we assume all information is subject to change and should be verified independently by the buyer and their agents.”

#THECLOSERSDAILY : EPISODE 67: OFF MARKET BONANZA

Closers Daily episode 67. So we're always giving out tips and whatnot at the beginning of the closers series. We promised we'd give you off market properties before they're actually listed, so here's a couple for ya. 322 Fleming is coming up, it's a student rental, it's vacant, freshly painted, clean, ready to rock. It's gonna hit the system next Tuesday. 1212 Thamesridge Crescent is in Hunt Club West, 629k, knockout property. It goes live tomorrow as well, there's gonna be an open house Saturday and Sunday. We also have 1570 Richmond Street, unit number 44, getting another student rental property. Ready to rock, it's been painted, clean, carpet, everything's being done this weekend as well. Perfect for owner-occupier. Actually both Flemming and that property, and then we actually have two more coming up near western as well. One of them could be a turn key student rental property, it's already got five tenants in it, and another one could actually be an old north conversion or student rental. Stay tuned for those two and hopefully you found some value in that. Take care.

Disclaimer: "Although care has been taken to ensure the accuracy, completeness and reliability of the information provided, we assume all information is subject to change and should be verified independently by the buyer and their agents.”

#THECLOSERSDAILY : EPISODE 64: CATCHING FEELINGS

Closers Daily episode 64, so here's a tip that everybody knows in their heart of hearts but a lot of people don't necessarily practice its don't get emotional about the transaction. Really tough when you're buyer or a seller, obviously dealing with your own property, say you get a response after a home inspection and they say, hey, we found this, this, this. Don't create a narrative without really getting down to brass tacks and finding out what they want. Sometimes you'll go to people and send a list saying hey, these are the things are the things that we're going to be reviewing over the next couple days here's a couple notes of concern sometimes a 24 hour period the sellers can create a narrative in their mind that oh, they're going to ask us for a price or they're going to do this, they're going to do that and they can put a wall up before you even get to that point make sure you're transparent about it, hey, this is why we're worried about these things these are the answers that we're looking to get if you can help them bridge that gap and get the answers quicker, a lot of times you can solve those questions ahead of time and stop the buyers from creating a narrative. But again, the lesson is don't get emotional about the situation, look at the facts, try and bridge the gap and come to the best solution in the quickest time.

Disclaimer: "Although care has been taken to ensure the accuracy, completeness and reliability of the information provided, we assume all information is subject to change and should be verified independently by the buyer and their agents.”

#THECLOSERSDAILY : EPISODE 48: WYNN WILL IT STOP

The Closers Daily Episode 48. Almost midnight, getting home from a crazy week of travel. But as always we're gonna get this content to you guys daily. And this one's gonna cover the new foreign buyer tax that was just announced by the provincial government. So in BC a little while ago they instituted a foreign buyer tax, thinking they could control the housing market with it and stem some of the crazy price increases and where the real estate market was going there. They decided to do the same thing in Ontario, mainly because of what's been happening in Toronto but actually if you go and search a guy named Simon Giannini he's one of the top real estate agents in Toronto. And he had an interesting point. Only three percent of the sales in Toronto have been from foreign buyers. So you know whenever the governments intercedes and tries to control commodities using regulation it doesn't typically end well. It's gonna be really interesting to see what happens over the next little bit. Next couple days of the series we'll dig in, talk to some different people and get some different perspectives on the issue but that's something you definitely need to know about. Disclaimer: "Although care has been taken to ensure the accuracy, completeness and reliability of the information provided, we assume all information is subject to change and should be verified independently by the buyer and their agents.”

#THECLOSERSDAILY : EPISODE 47 : DON'T WORRY. BE HAPPY.

The Closer's Daily episode 47
So we're going to continue the conversation about landing property in this crazy market. And another strategy you can use is be really really to people. So, you know in real estate, from showings, to bookings, to offers, to multiple offers, to you being on the listing side, to you being on the buying side, you know there's a lot of stressful situations and things can get pretty tense. There's phone conversations, people can treat people with disrespect, or kind of end things on a bad note. A strategy that we really like to use is always treat people with respect and love and kindness. The same type that I would expect despite the situation. It is just business. It's not my property that I'm selling, it's not my money that I'm investing. It's my buyer's money that I'm investing so I'm there to protect them and guide them along. I have to leave my ego out of every situation because at the end of the day if I respond to somebody in a snappy way and then I'm sitting on the other side of the transaction from them, that's going to come back and bite me in the butt. So today's take away is be really really nice to people because you never know when you're going to be on the other side of the transaction. Hope you guys are enjoying the series, take care.

Disclaimer: "Although care has been taken to ensure the accuracy, completeness and reliability of the information provided, we assume all information is subject to change and should be verified independently by the buyer and their agents.”

REAL ESTATE TIPS AND TRICKS FOR BUYERS INVESTORS AND BIGGEST MISTAKES AGENTS MAKE!!!

Episode 004 :

 

Take a peek and let us know what you think it would mean the world to us. Oh and hit that nifty little subscribe button on the channel. Some gold coming next week :)

 

CLOSING TIME EPISODE 004 A little insight into our day to day. Locally owned #RealEstate firm with Global reach🌍Serving London Ontario, Grand Bend, Bayfield, and Elgin and Middlesex Counties✈️Residential, Commerical+ Investing specialists💰 Covering a variety of topics including: -Paddle boarding - Real Estate Agent Advice -How's the Market? -Agents Need to Earn their Value -Appraisals -Commercial Real Estate -The FUTURE of Commercial building Disclaimer: "Although care has been taken to ensure the accuracy, completeness and reliability of the information provided, we assume all information is subject to change and should be verified independently by the buyer and their agents.”

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