houses for sale in London ontario

#THECLOSERSDAILY : EPISODE 202: DON'T BE A LOSER

So real estate's a funny business, one of the only industries where you'll actually spend time, money, going and pitching for new business and not necessarily getting it. And we had an audience member ask us, how does it feel when you don't land that contract, or how do real estate agents react when somebody, you know, has been pitching them for business, and then all of a sudden goes and does a deal with somebody else. And we never really talk about ourselves on the Closers Daily. Really, it's about you guys, we don't like to pitch our business or anything, but I do want to answer the question for our audience member. To be honest with you, I don't even really give it a second thought, and the reason that I say that is, there's no sense dwelling on something when you don't know what the outcome's gonna be. The second thing I feel, is I feel bad for them. And the reason I say that is, I know the level at which we do our business, and I always feel like I could have done a better job, or cut them a better deal, or whatever it's gonna be, but at the same time, I always keep the door open, and I still give people respect, 'cause I don't know what's happening in their personal life, I don't know what led to the decisions that they made, but I do know if I keep that relationship over, they may be coming back to me down the road to solve the issue that they couldn't get solved.

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 188: OFF MARKET DEAL

Tonight we've got everybody's favorite thing in Real Estate, and that's an off-market property. We always promise that we're gonna give you guys off-market deals, aside from just the insights that we do on the daily episodes. So 1621 Mardell, off market, exclusive listing. It's not going on MLS. It's gonna be priced at $289,000. Cash flow is just over about $1,000 a month, it has just over a six cap as well. If you're curious about that, let us know. We'll send you a link, or check out the link below and sign up and we'll blast it out to our private network tomorrow. Again, it is exclusively listed. Agents know what that means out there. So if you're curious, or you have buyers, feel free to give me a shout and I'll give you the lowdown on the property. Student rental near Fanshawe Area, and it will fly off the shelves. It'll sell before it even goes on MLS.

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 135: PUNISHMENT

I'm Justin Konikow and welcome to episode 135 of The Closers Daily. Just wrapping up our broker's open at 333 Queens, at the corner of Queens and Waterloo. Awesome property if anybody's looking for a commercial leasing space for their business or anybody they know. Hit us up, we'd love to show it to ya. This one's about buyers walking away from deals. So, a lot of people, if you've been following the news, with the dip of the market in Toronto, and there was was a dip in the market in BC. You know, buyers that had deposits on properties were just walking away from firm contracts. And there was actually a buyer in BC that was just ordered to pay $350,000, I think, 360, to a seller, because that seller put their house back on the market and ended up selling it for less money the second time around. So there are massive risks to walking away from a firm contract. Some people are out there saying, "Oh, you just lose your deposit." That's not the case. You can be actually sued for damages, so be very careful about the decisions you make, make sure you talk to a good agent and talk to a good lawyer before you get yourself into hot water.

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 122: GOTCHA MONEY

Hi, I'm Justin Konikow and welcome to TheClosersDaily, Episode 122. So, deposits. What are they? How do they work? A lot of people have questions about them. Are they a down payment? No, they're not a down payment. So, when you're doing a contract, there has to be some sort of consideration to make that contract valid, consideration in the terms of money. So you can actually put a deposit of a dollar on a contract if you wanted to, but are people gonna take you seriously? Lot of times when we're doing contracts, we're doing one to two percent of the value of the property, especially is when we're doing income-type properties cause they wanna see that you have the ability to close on the transaction, you know, and where does that money go? Depends on how the contract's written. In most cases, and in our market, we see very, very often, the deposit gets held by the listing brokerage in trust. If the buyers don't fulfill their conditions and their clauses are written the right way, and they kill the deal, a lot of times it gets returned to the buyer in full without deduction. Again, it's very important to know it depends on how the contract is written. There's different ways to write clauses, and we're going to cover that tomorrow. Thanks for watching.

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.”

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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