investing

Welcome Mitch Robertson!

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🔥DRIVING FORCE

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@mitch_robertson .

🦅SUPER skilled in the buying and selling process, Mitch brings a wealth of knowledge and strong history of sales and experience with him. .

⚡️Excited to supercharge him with our systems and processes. Watch closely and don’t blink cause you might miss this lightning bolt making his mark in an area near you!

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🖋Meticulous, driven with a great attention to detail. Super honoured and excited to have this skilled agent and friend join our firm and excited to move mountains with him!

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INVESTMENT WEEK: Making connections nationally : VLog 23

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, Commercial+ Investing specialists💰

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It's VLOG time again!

This time you're getting a mashup up of some fun we had in January:

-Another adventure repping Scott Mcgillivary and Micheal Sarrachini in Niagara falls on behalf of our market. Some insights into why we do what we do at these events.

-Mastermind workout with Corey Bannon and some other top performers at Fitclub earrrrrrrly morning.

-Hammering through our work week and getting that work life grind on.

We've got BIG plans for 2019 and have some wheel in motion for some content that will blow your mind. New partnerships, opportunities and people to introduce to you. We are more motivated than ever to serve our audience and it's only up from here.

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Your feedback is our OXYGEN! Let us know what you like and things you want us to shoot. This is for YOU!

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WEBSITE: https://primebrokerage.ca/

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PRIME MARKET UPDATE: OCOTOBER 2018

home sales remain strong in september

October 4, 2018

London and St. Thomas Association of REALTORS® (LSTAR) announced 776 homes* were sold in September, down 6.1% over the same month last year. The number of home resales are above the 10-year average, despite low inventory in the marketplace.

“All year we’ve been managing the challenges of low supply and it continues to impact home resales,” said Jeff Nethercott, 2018 LSTAR President. “What we did experience was a large increase in the average price for resale activity. In September, the average sales price was $386,520, up 21.0% compared to a year ago, and up 57.9%, compared to just five years ago.”

All major London centres saw jumps in their average sales price in September. Making the biggest gain was London North, where the average sales price was $498,138, up 28.1% from 2017 and up 70.5% compared to five years ago. In London South (which also includes data from the west side of the city) had an average sales price of $385,635, up 18.0% from 2017 and up 48.8% compared to five years ago.

Meanwhile, London East saw an average sales price of $302,452, up 10% from last September and up 51.4% compared to five years ago. It’s only the second time in the last 10 years that London East had an average sales price above $300,000.

“While the average price for home resales may be on the rise, inventory (what is called active listings) continues to decline,” Nethercott said. “Last month, there were 1,640 active listings in LSTAR’s jurisdiction, marking the lowest level of September inventory in the past 10 years. The sales-to-new listings ratio was 64.5%, which the Canadian Real Estate Association (CREA) says represents conditions in the marketplace that favour sellers (a ratio between 40% and 60% is generally consistent with a balanced market). Breaking it down further by geography, London East had a sales-to-new listings ratio of 76.8%.”

In St. Thomas, the sales-to-new listings ratio was 107.2%, with a total of 74 homes sold in September, up 8.8% from the same time last year. The average home sales price in St. Thomas was $321,473 up 20.2% from September 2017 and up 69.9% compared to five years ago. This is the highest average sales price St. Thomas has experienced in the past 10 years.

According to a research report1, one job is created for every three real estate transactions and approximately $53,000 in ancillary spending is generated each time a home changes hands in Ontario. “It is critical to understand the huge economic impact the business of real estate makes across the entire region and beyond,” Nethercott said. “The September resale activity has generated potentially more than $41 million and helped create approximately 258 jobs, affecting every facet of real estate, from retailers to contractors, and manufacturers. We cannot underestimate the contributions this profession delivers to the community.”

The London and St. Thomas Association of REALTORS® (LSTAR) exists to provide its REALTOR® Members with the support and tools they need to succeed in their profession. LSTAR is one of Canada’s 15 largest real estate associations, representing over 1,700 REALTORS® working in Middlesex and Elgin Counties, a trading area of 500,000 residents. LSTAR adheres to a Quality of Life philosophy, supporting growth that fosters economic vitality, provides housing opportunities, respects the environment and builds good communities and safe neighbourhoods and is a proud participant in the REALTORS Care Foundation’s Every REALTOR™ Campaign. *These statistics are prepared for LSTAR by the Canadian Real Estate Association (CREA) and represent a data snapshot taken on October 1, 2018, based on processed home sales activity between September 1 and 30, 2018.

SOURCE:

https://www.lstar.ca/news/home-sales-remain-strong-september

PRIMETIME EPISODE 18

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, Commercial+ Investing specialists💰

PRIME TIME EPISODE 17

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, Commercial+ Investing specialists💰

FOLLOW PRIME

TWITTER: http://bit.ly/2A8Ficp

INSTAGRAM: https://bit.ly/2vZOuLf

FACEBOOK: https://bit.ly/2MFBXn1

LINKEDIN: http://bit.ly/2BKJtbn

WEBSITE: http://theclosers.ca/

Market Update June 20th 2018- THE END OF THE WORLD

home sales strong in may, with best monthly numbers in 2018
June 5, 2018

The London and St Thomas Association of REALTORS® (LSTAR) announced 1,171 homes* were sold in May, down 24.4% over the same time last year, which saw a record-setting month for May with 1,549 homes sold. The May 2017 home sales stands as the highest ever sales month in LSTAR’s history, since the Association began tracking sales data in 1978.

"We're very encouraged by the sales in May, which represent the third best May results LSTAR has had," said Jeff Nethercott, 2018 LSTAR President. "The homes sold are actually above the 10-year average, despite the ongoing challenge of low inventory in the marketplace. Similar to what’s happened each month this year, home prices continue to gradually increase across the region, as fewer homes are available for sale.”

The average May sales price in London and St. Thomas was $366,096 up 6.4% over May 2017 and up 28.4% over May 2016. By geographic area, London South was $370,851 up 4.4% from last May. In London North, average home sales price was $451,556 up 4.7% compared to the previous year, while in London East, it was $291,359 an increase of 11.1% from May 2017. In St. Thomas, it was $288,723 up 11.2% over last May.

"The big trend we continue to see in the marketplace is low inventory, which remains at its lowest level in 10 years," Nethercott said. "In May, there were 1,643 active listings, down 7.7% from this time last year and down 44.6% from May 2016. The sales-to-new listings ratio was 70.8%, which the Canadian Real Estate Association (CREA) says represents conditions in the marketplace that favour sellers. With warmer temperatures and summer around the corner, it's a great time to contact your local REALTOR® if you're considering selling your home."

St. Thomas saw a total of 100 homes sold in May, down 12.3% from the same period last year. For inventory, there were 82 active listings, down 28.1% from last May and down 49.7% from May 2016.

The following chart is based on data taken from the CREA National MLS® Report for April 2018 (the latest CREA statistics available). It provides a snapshot of how average home prices in London and St. Thomas compare to other major Ontario and Canadian centres.

SOURCE:  https://www.lstar.ca/news/home-sales-strong-may-best-monthly-numbers-2018

CLOSING TIME 11: DOWNTOWN LONDON ONTARIO, GRAND BEND AND BEYOND

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, Commercial+ Investing specialists💰


FOLLOW THE CLOSERS
TWITTER: http://bit.ly/2A8Ficp
INSTAGRAM: http://bit.ly/2BKMxEo
FACEBOOK: http://bit.ly/2Azksjk
LINKEDIN: http://bit.ly/2BKJtbn
WEBSITE: http://theclosers.ca/

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

#THECLOSERSDAILY EPISODE 116: DON'T BE GLUM CHUM! 🙇🏼 ​


 

Basement Flooding Grant Program

New Flooding Grant program available in London Ontario will give residents some reprieve. Take a look at the images below and check the links out to see if you qualify! 

 

 

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Real Estate Developments happening in London Ontario

We wanted to give some value to the broad range of viewers we have, other Realtors being some of the most interactive we have in our community. Recently we attended the Regional Commercial Council Annual General Meeting and wanted to relay some of that information to those who were unable to attend. We're always happy to share information and talk some shop with anyone in our community. If you have any questions, comments or concerns feel free to reach out to us any time. Our goal is to build our community and help in any way we can!

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.