commercial

Market Update July 2014- Record setting numbers yet again..

That makes it the third month in a row that the sales statistics in the LSTAR jurisdiction (London) have hit record highs. We see it in the streets every day and the buzz among professionals is this have only been getting busier and busier. Our days often begin at 6-7am and end at well after 11pm as the buyers and sellers are making moves at all hours of the day. This month included 4 Multiple on 4 different properties, 20+ contract drafted, 7 new listing opportunities and countless inquiries as to what is going on out there in the wild(literally we were standing in a cow pasture listings a farm with a very friendly cow last night.).  Granted, Real Estate is hyper local and every single community within a city is experiencing differing degrees of activity, so if you're wondering where these are an what types of transactions are happening feel free to give us a call. We'll be happy to tell you what your neighbours place just sold for or what to expect in the next 3-6 months to help you plan accordingly.  519-860-6547 or by email info@theclosers.ca

Three lessons for landlords and homeowners

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If are looking to becoming a landlord or homeowner, here are three simple lessons to help get you off on the right foot. 

 

 

#1. Do your research; 

One of the most overlooked aspects of Real Estate is

the information that is so readily available. Since it's inception the MLS system has undergone a number of changes. Back in the day in order to buy property you would contact a Realtor who would show up with a book of properties of which you would be directed to the ones you would like to see (sometimes with some serious arm bending.) . When the MLS system when public there was a consensus among Realtors that the "sky was falling" and it would spell the end of our industry.  Fast forward a number of years and we have seen the same perspective when it came to releasing the MLS data to consumers. Guess what? Having consumers have access to the same data that we do at our fingertips makes us better at our jobs. Being able to discuss properties and deals in real time with our clients gives us the ability to service them better and be more nimble and close more deals. The naysayers that fight against the purveyance of information can keep doing so, we'll gladly assimilate this into our business model and lift our clients to new heights. Rant over........

 

Now that you know you have access to tons of information have some fun! Determine what types of properties interest you and what areas you are excited about investing in. Isn't that your job? you say?- Yes and no. We are here to support you and provide guidance and understanding of the market and it's prevailing condition but don't count yourself short. You're intelligent and capable, and being part of the process will make for more intelligent and educated decisions.   Look around you-Real Estate is after all local so take note of properties you could see yourself owning as you go about your day to day life.  Feel free to be broad on this search, dream a little! The more concise you can get with you're ideal the property the better we can serve you!

 

#2. Don't be so sensitive


Whether it be buying your first starter home or 3.4 Million Dollar 40 Plex business is business. We stand by our credo that making a decision when it comes to an investment is a business decision. We've seen people get emotionally attached to a concept or idea of property ownership and we've also seen people pushed into deal by advisors as if there will never be another deal. Real Estate is cyclical and inherently properties will always be changing hands. There will be another home, investment property and piece of vacant land for you to buy. Make sure the property is sufficiently vetted and invest where the numbers make sense. Now let me state that being passionate about investing is a whole different beast. Feel free to let that out and have some fun while you're going through the process. You should feel a sense of excitement and growth as you move along the buying process and if you don't, on to the next one!

#3.Build a team

Yes we are going to tell you to hire a Realtor. Yes we are Realtors. We understand the assumption that everyone makes when they're getting an opinion from someone in the industry they are working in. We are also going to tell you that you should have a team of professional s around you. Just like  head coach Chip Kelley of the incredible Philadelphia Eagles has a supporting cast of offensive and defensive coordinators, you'll need a team of lawyers, accountants, Mortgage professionals and yes...Realtor as your supporting cast. 

The #1 thing we'd recommend in selecting your team. TRUST. Make sure your team is looking out for you and hire the right people to represent your interests. This is the customers service business after all!

Some facts: 

  • REALTORS® must adhere to a strict Code of Ethics and Standards of Business Practice ; your guarantee of professional conduct and service excellence.
  • We have the facts on comparable pricing, neighbourhood trends and housing market conditions, data you can use to set your best course of action and maximize your investments resale 
  • The Real Estate Assurance Fund is available to you in the rare event of fraud, or breach of trust by a REALTOR®. It is your protection against financial loss. This fund is financially supported by our members; and,
  • A licensed brokerage supervises the business conduct of all REALTORS® to ensure their compliance.
  • We take into account each clients unique wants and needs and tailor our work around them. We understand that every situation is different and put in the hours needed to ensure the attention to detail is provided from start to finish. 

 

Why using us can be free!

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A common misconception in our industry is that as soon as a Realtor is involved we tack on a hefty commission. The fact of the matter is when you are buying property (commercial or residential) and or leasing space , typically the commission is paid our on the listing side. What does that mean? It means the person trying to sell or lease the space is paying for YOUR Realtor. The reason we are bringing this topic up is that if that's the case, why  wouldn't you want a talented Full-Time Realtor who will get you the best price for your property or lease?

 

Here's what is looks like from our end: 

We can:

-Find our what the going market rate for the property is

-Access property history to give you an exact breakdown for the seller or lessors position

-Represent your full interests and negotiate on your behalf to ensure you get the best price and conditions.  

--We have a finger on the pulse of the housing market and is knowledgeable about developments and trends in real estate

-We can negotiate the best deal. There are myriad negotiating factors of which we eat and breath on a daily basis. 

-REALTORS® must adhere to a strict Code of Ethics and Standards of Business Practice; your guarantee of professional conduct and service excellence. 

 

Our business is build on honesty, integrity and hard work. We earn our business and hold ourselves in the highest regard when it comes to customer service. If you are looking to buy or lease property any time soon we are here for you. Contact us any time with any questions or inquiries. It's our goal to be your true partners in all things Real estate.