home

#THECLOSERSDAILY : EPISODE 271: DON'T BUY IT

So this episode is a warning message to you guys and also very simple. So stuff is being relisted and sold on a daily basis. Find out what the history of that property is. There was a multifamily property that we saw hit the system yesterday that we had under contract about five months ago. We had it under contract around 370, and then we found out the windows were improperly installed. You're likely looking at another $20,000 to re-add that property. Now, in the interim, the selling agent ending up finding their own buyer and selling it for 390 to their buyer. Hit the system again today after they did $50,000 of improvements, and it's listed for 420. Now, do that math, add in, say, a 5% real estate selling commission, and think about how much money that purchaser is losing. So don't rush into something just 'cause you're scared to lose it. Take your time, do your due diligence, do proper home inspections. Especially getting into the spring months, people can get excited about owning properties and stumble into problems.

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 180: OPEN FOR BUSINESS

So the third takeaway from the Commercial Emerge Conference last week on what we can do now that there's so much interest in London to kind of throw jet fuel on that fire and get even more businesses to relocate is make sure that the planning and the consultation process gives those people the impression that London is open for business. Now this was an outside person who said that the perception of London is when they come to the city and they're looking at sites and maybe going through their pre-consultation process that it seems like a very lengthy and cumbersome process. City Hall and the Planning Division are located in two separate buildings and they said this threw them off a little bit where otherwise when they went to different cities, they almost felt like the red carpet was getting rolled out and the city was really willing to work with them. Now we know from the planning and the consultation processes we've been a part of and the contacts we work with, London can actually be great to work with at times. I know I was talking to Adam Carapella as well at the conference and he said you know he didn't really think that that was true. I think because we know the inner workings of the system, might be a little bit easier for us locally but maybe we need to work on sending that message out to the public.

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 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.”

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.”

How a Commercial Realtor Helps