Home For Sale

#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 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 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 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 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 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.”