Showing posts with label MLS. Show all posts
Showing posts with label MLS. Show all posts

Thursday, October 15, 2015

Don't Let Your Castle Be Disrespected

English: Compulsive hoarding Apartment Deutsch...
English: Compulsive hoarding Apartment Deutsch: Wohnküche eines Messies (Photo credit: Wikipedia)
Hod Hasharon
Hod Hasharon (Photo credit: Wikipedia)
On my daily trip to the dog park with my crazy Mexican Mutt rescue (oh he's a wild one!) I was listening to a fellow Dog Owner/Lover lament about real estate agents.  Obviously when people talk about agents, I'm curious and interested, so I put on my listening ears.  

At the park, I'm simply, 'Nicole, Barney Rubble's Human' (Barney is my dog).  I don't advertise in casual conversation while playing with my dog what I do, it feels to pushy in such a playful setting.  

Mr. L (I'll call him), an owner (of a gorgeous Doberman, I might add) was talking about agents being 'assholes', 'liars' and out for themselves and a buck.  He was going on about meeting with 2 different agents recently and how ignorant they were, disrespectful and rude.  I was engaged now.  How on earth could 2 different agents be so horrific to the same person?  I was starting to wonder if it was him.  What did he bring to the table when meeting these agents?  After gently stating that I am a Realtor, I apologized on behalf of my profession (which I often do - Thanks Bad Agents - because our job is not hard enough that I have to apologize for strangers as well!) and asked what his purpose in meeting the Agents was.  Selling.

Mr. L lives in a home that he would like to sell and move out of the city.  To be more specific he's lived in the house, on his own, with his dog for several years,  In fact, he bought out his sister after his parents passed on and they were original owners.  Gently, I offered that if he was interested, I would love to come take a look at his home, assess its value and we could discuss it from there.  No strings, no obligations, no contracts - just a visit and a conversation.  I gave him my card and I let it go.  A few days later he called.

I of course did my research: current prices in the area, for sales, recently solds and had them all printed up.  I ran his property through land titles, checked its size, etc etc - all things a Realtor should do before showing up to have a conversation about a home for potential sale.

I arrived on a nice sunny afternoon, was greeted quite enthusiastically by the dog and upon first glance, I knew what happened.  Single man, who's been on his own for a long time, took over the family home after years away.  There was a lot of stuff. A lot.  Way too much for one person to handle, organize and keep up with.  I wouldn't exactly say it was a hording situation, but it was close and it was over whelming.  The agents who came before me, threw down a price, called the home disgusting, a mess, that he'd be lucky to get out.  I cringed when Mr. L told me all this.

Certainly there were piles of boxes, a lot of 'stuff', rooms that were not really easily accessed but this was still HIS HOME.  His castle.  His respite and these were all of his things.  Who is anyone to disrespect that?  I was honest, in a nice way.  I told him that in order to sell his home it would take a lot of elbow grease on his part in order to achieve maximum value.  That who ever bought it would likely renovate (the entire home was original) and that it would more than likely be a renovator or contractor who purchased.  I discussed with him the ranges in price for his area, the process of selling and really let him develop the timeline.  It would obviously not be ready in a week or two - but as an Agent - that is really NOT for me to determine - it's up to my Seller. 

Over the next month he worked diligently.  Hard.  So hard.  I stopped by on a regular basis to chat, have a coffee, calm him down, cheer him on, bring him boxes, advise him on what ever he had questions about.  I found quotes from garbage removal people, sourced out places for donated items, talked about how he could pare down items he had 3, 4 or 5 of (like full service china sets, of which he had 4).  It was a lot of talking, coaxing, cheering, calming down and simply being there and listening.

The day he called to tell me it was ready, I was truly and utterly excited as it had been about a week since I had seen it last and for him to say the words 'ready' - I knew he was both exhausted and serious.  I walked into an entirely new home.  Well, not new, but WoW!  I couldn't hide my awe, my amazement, my happiness for him that he was able to go through so much of what he owned and really pare it down.  The home sparkled, it shone and it was more than presentable.  I was so proud of him - and not in a 'looked down upon' way, but in a , ' You busted your rear and this is great' sort of way.

In the end, we had a few successful open houses and sold it.  His final sales price was right in the range that I suggested it would be and he couldn't say enough about how nice I am.  How kind.  How understanding.  How I never forgot about him and would drop coffees by for no reason.  He felt respected and valued.

What's the moral of this story? I suppose it's simply this: don't feel less than your Realtor and don't let your Realtor make you feel less.  

We are all experts at something and someone who has expertise in an area is truly an expert when they can impart their knowledge to you in a way that makes you feel like you are learning, instead of just listening.  Do I know more about selling houses than my clients? Sure - it's what I do, but that doesn't make me a better person.  It doesn't give me license to disrespect someone's home and environment. If the agent across from you makes you feel that way - makes you feel stupid, feel awkward, feel apologetic for your things or surroundings - send them out the door and find someone else who's willing to listen, respect and value the honor of selling your home,  Being allowed in the door of a potential client IS an honor, if a Realtor doesn't see it that way, there are plenty of us to choose from who do.

Nicole Kreutzberg
Realtor
Sutton West Realty Inc.,
nicole@gtalisted.com
416-388-7384
Proudly Serving The Greater Toronto & Mississauga Area's.


Wednesday, May 7, 2014

You're Fired!


It’s probably odd to think that a Real Estate Agent will headline their blog with ‘You’re Fired’ and expect to be taken seriously, but I am.  Actually, since I work with a partner, I should say, rather, ‘Fire Us’.
Did you know you could?  Fire your real estate agent?  It’s not something we advertise – though I don’t know why not because you can and you should be told.  It’s that simple. 

Realtors talk talk talk so much, so fast and slide contracts in there and by the time a listing presentation is done, there’s a signature on the bottom line and a confused Seller who may or may not be happy with who they've just committed to and the Realtor walks away happy with your commitment and a listing but you, perhaps not so much.  Do you see what’s wrong with this picture?

Isn’t it YOUR home? Your Money? Your Dream?  Shouldn’t it be the other way around – Me Committed To You?

That’s my commitment.  Fire me, sorry, Fire Us.  If you don’t like our service, our commitment, what WE are doing for YOU, then hand us that Trump moment.  We've never had it happen and I won’t say yet, because if the day ever comes when I anticipate being fired because I have not stepped up to my commitment to my client, I’ll find a new career because Real Estate would no longer fit.

So what CAN I do for you?

Let’s start with:
  • Exclusive Home Value Audits.  No obligation.  Whether you are curious or serious. 
  • Customized Multi-Level Marketing Strategy for Your Home – a plan of action detailing what we are committed to doing and where we’ll be doing it. 
  • Platinum Home Buyers Program – the listings will appear in your inbox before they’ve hit the public market.

Call me now to discuss how I can commit to you, your needs and your home (416) 388-7384.  If it’s easier, you can reach me by text or email to nicole@gtalisted.com.


No pressure. No obligation. No tactics. Just a conversation.


Nicole Kreutzberg & Laszlo Koos
Realtors with Sutton West Realty Inc.
Serving the Real Estate needs of: Toronto & the GTA in Ontario, Cda.



This blog is not intended to solicit anyone under Agency Agreement (Buyer or Seller) & is not be considered legal advice but is the writers opinion.
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Friday, December 6, 2013

The Right Real Estate Agent: How Do You Choose?


Your home or your purchase is possibly going to be the single greatest purchase or sale you make.  Trusting that kind of money to someone is a big deal and should be treated as such. It’s that simple.

First: Talk to a few Agents, there’s many of us and like with any purchase you want to compare.  See who’s right for you. Who’s listening to YOUR needs and who understands what YOU want to do, where you want to go and how much you want to spend.  The Agent must respect YOUR money.

Second: Ask to see the numbers. As agents we all have access to the same figures.  The same Data, the same Sold statistics and when pricing your home, ask to see what has sold in your area and ask to see the homes in your area that are comparable to yours.  Comparing a bungalow to a 2 story is not accurate and not the same.

Third: Don’t be swayed by the Agent who gives you the highest price they can sell your home for.  They may be telling you what you want to hear and it may not be what the actual reality is.  Ask the Agent who tells you that your Detached can be sold for $500 000.00 when 2 others have stated $475 000.00, where or how they arrived at that number.  The biggest disappointment doesn’t happen when the For Sale sign goes up, hit happens 2 weeks later when they tell you that you need to reduce the price and then 2 weeks later they tell you the same thing again.  Next thing you know, you’ve arrived at the $475 000.00 price you were quoted by 2 other agents and it feels like you were mislead. 

Fourth: When you see the numbers, accept them.  You may think that your home is worth so much more but the reality is the numbers.  If Bungalows are selling for $500 000.00 on your street or neighborhood, chances are you will not be selling your bungalow for $600 000.00.  It’s all about the numbers and they don’t lie.  I’m not stating that you won’t make more, that you shouldn’t list it higher as every home has a unique and special quality to it that can translate in to higher sales figures but trust that the data you’ve asked to see is correct.

Please keep in mind that timing is also everything.  Will you generate higher offers in November verses April? Which months are the best to sell or buy?  Seasons are important and can impact the sales figures.  Homes sold in the spring typically generate higher sales figures than those sold in the late fall.  Selling in December is more difficult than choosing February or March.  There’s a Buyer and a Seller in every season, the question is, how many of them are there?

Fifth: Yep, Commissions are negotiable.  That’s the truth. Some agents won’t drop theirs and others do so without blinking an eye.  If you don’t ask and they don’t offer, you’ll be charged, as a seller, the “standard” rate. 

The reality is this, most agents will reduce their sales commissions when the Seller is also buying, what we don’t want to reduce is the commissions paid out to the Buyer of your property.  When a home is listed on MLS, what the Agents see and what you see are generally 2 different sets of information.   As agents we see what the commission rate being paid out to the Buyers agent is and if it’s less than industry standard, then many agents won’t show the home when there’s a comparable listing whose commissions being paid to the Buyers agent are full.  That’s the truth.  Is it right? No it’s not.  But the reality is, you want to expose your home to the maximum amount of agents and buyers possible and that may not happen if the Buyers commissions are reduced.  So when you see that sign or hear from an Agent that they will sell your home for 1% - what they mean is this: They will charge YOU 1% to sell but still will pay out the 2.5% to the Buyer for a total of 3.5%. 

Sixth: Finally, how do you feel with the person across from you? Did they listen to you? Did they show the figures? Will they be there for the Open Houses personally or will they send someone else? Did they explain the contracts to you so that you understand them? It’s about trust and about how you feel with that agent.  Instincts are important.

I’ve often been told I am an amazing Buyer’s agent because I listen, I follow through and provide all of the information.  I take the time to explain all of the contracts and I get answers when I am asked questions.  I typically don’t show my Buyer’s properties well over their budgeted price because I respect that it’s their money and when heading into a multiple offer situation, I have a game plan that prevents my Buyers from overspending.  I treat all of my clients with respect, I negotiate fiercely and finally I treat all of my clients as clients for life, not just one sale.  I put 100 percent into everything I do and if my Buyer is looking for a property that is worth $200 000 or $1 500 000, of if my Seller’s property is worth $175 000 or $2 000 000, everyone gets treated with the same amount of dignity, honesty and respect because that's just who I am and that’s what everyone deserves.

Sales Rep.
Sutton West Realty Inc.
(416) 388-7384

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Tuesday, June 18, 2013

GTA Real Estate: Bubble, Bust or Buy?

With the amount of information circulating it's hard to predict just what our Real Estate market here in the GTA is going to do or how we're going to end up.  Many of my clients say that it feels like a scary time in real estate.  Do I sell? Do I rent? Do I buy? Can I even get a mortgage with the new rules in place?  

The best time to make a decision is when you are informed, prepared and have a plan.  Here's some information...

Take a look at this as reported CBC:
The Organization for Economic Co-operation and Development ranks Canadian real estate the third most overvalued of the 34 developed countries assessed by the group, based on two metrics tracking what homes cost compared to incomes and rents.The Paris-based OECD, which monitors and compares wealthy nations, recently released a report that ranks its 34 member countries based on two broad housing measures:
  • The price of the average home compared to what it could be rented for.
  • What the home costs compared to the average salary.
According to that analysis, Canada has the third most overvalued real estate in the developed world, just behind Belgium and Norway, which are deemed to have the frothiest real estate market under the OECD's terms.
Based on rents, Canadian real estate is overvalued by as much as 60 per cent, the OECD says. In terms of prices to incomes, Canada fares a little bit better, but the OECD suggests the country's real estate is still as much as 30 per cent overvalued.On the opposite end of the spectrum, the OECD says real estate in Japan, Germany, South Korea, Ireland and Portugal is undervalued. In almost all those cases, home prices should be higher than they are, considering rents and income levels.Based on the numbers, the OECD places Canada in the fifth of five baskets — one where real estate seems overvalued but prices continue to increase.
"This is the case in Canada, Norway, New Zealand and, to a lesser extent, Sweden," the OECD says. "Economies in this category are most vulnerable to the risk of a price correction – especially if borrowing costs were to rise or income growth were to slow."The latest data from the Canadian Real Estate Association indicates the average Canadian home was worth $380,588 in April — 1.3 per cent higher than it was in the same month a year earlier.
As reported by the Financial Post:
TORONTO — It’s looking like an unsettling spring in Canadian housing, a market that has proven far more even-keeled and less scary for investors in recent years than in the United States.In what is traditionally the best season of the year for real estate agents, Toronto agent Ecko Jay says the industry is seeing far fewer buyers, a result of tighter lending rules, high prices and fear of a bubble. In Toronto alone, sales dropped 40% in the first quarter from a year earlier, making homeowners and investors jumpy.
“Some people want to cash in and pull out now,” said Jay, a 26-year veteran of the Toronto housing market, noting some are spooked by worst-case predictions of a 20 percent drop in prices from current levels.
“They say, ‘Before it gets low, let’s sell,’” Jay added. “And some of my clients want to sell and rent, hoping that when it goes down they will pick up something at a better price. Nobody has a crystal ball.”But then there are Canadian policymakers, economists and market watchers who have the next best thing to a crystal ball. Their data and analysis point not to a bursting of the bubble like in the United States in 2007-08, when prices from peak to trough dropped 35$, but rather a gentle easing in Canadian housing prices, or perhaps just a momentary pause.
Naysayers believe Canada may be too optimistic and relying heavily on that old saw that Canada is not nearly as reckless as the United States. After all, the debt-to-income ratio of Canadians is at a record high, close to the levels experienced in the United States before its market crashed, and home ownership is at nearly 70$, also a record and five points more than its neighbours to the south.
But Canada does have some things going for it, most notably a move by the government to tighten mortgage lending rules four times in five years, most recently in July 2012, which has taken some buyers out of the market, dampening demand.“If you look at the developments over the last year in Canada and compare them to the situation in the U.S. before the crisis, there is a clear difference,” said Julien Reynaud, an economist at the International Monetary Fund who follows Canada.“It is not just a question of housing supply and demand; it is rather a difference in the system of mortgage finance.”Canadians have more equity in their homes than Americans did, the default rate is lower, the sub-prime market is tiny, and mortgage interest is not tax-deductible, so there’s no incentive to build up debt.
Finally, mortgages are structured as recourse loans in which assets other than the house are held as collateral. That makes Canadian homeowners less likely to walk away than their American cousins.
“What makes Canadian housing different makes it stronger,” says Tom Lewandowski, who analyses Canadian banks for Edward Jones in St. Louis.
And finally this from TREB (Toronto Real Estate Board):
June 18, 2013 -- Greater Toronto Area REALTORS® reported 4,620 sales through the TorontoMLS system during the first two weeks of June 2013.  This result was up by 4.7 per cent compared to the first two weeks of June 2012.  Year-over-year sales growth was driven by the regions/counties surrounding the City of Toronto.  Home sales in the City were basically flat in comparison to last year.
 “The expectation was for an improvement in home sales in the second half of 2013.  Early June results are in line with this outlook.  Many households have adapted to stricter lending guidelines and have renewed their search for ownership housing,” said Toronto Real Estate Board President Ann Hannah. “It is also important to note that new listings were down over the same period.  With sales up and new listings down, market conditions became tighter.  This supports the moderate to strong rates of price growth reported for most major home types, including condominium apartments,” added Ms. Hannah. The average selling price for the first fourteen days of June was $536,141 – up by 3.8 per cent compared to June 2012. “While price growth has been driven by low-rise home types this year, condominium apartment price growth has improved since March.  Despite higher inventory levels, there have been enough buyers relative to available listings to support condo price appreciation,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.
What's my opinion?  I think we are in the midst of a very cautious market where both Buyers and Sellers are nervous.  Nervous to Buy, Nervous to Sell.  Sellers obviously want the maximum dollar for their homes while Buyers want the best deal possible.  That statement will remain true no matter what the market does and as a Realtor, I will always adhere to getting the best value, best dollar and best deal to the best of my abilities no matter where we are in the cycle.
Do I trust the Condo market? Not so much.  It's the one area, based on my expertise that here in the GTA I can honestly say I see as a tinderbox just waiting for ignition.  I believe it will ignite and drop.  But in the same breath - if you own a Condo doesn't mean you need to sell it, it just means that if you plan on selling it, my opinion is to make that happen sooner rather than later.  
I personally believe it's time for a correction.  With values soaring almost out of reach of most pocketbooks, at some point, something is going to give and over the course of the past year we've seen a slowing.  What I sold in 2 days with multiple bids last year is taking much longer with less interest.  
In the long run, there will always be buying and selling.  There will always be people in need of homes and people with reason to sell them.  As your Realtors, its up to us to make sure that we use every tool we've got to serve our clients to the best of our abilities.  
If you ever have any questions regarding real estate buying, selling, home preparation or any type of real estate concern, please, as always, email nicole@gtalisted.com or visit the website at www.gtalisted.com
Nicole Kreutzberg
Realtor
Sutton-West Realty Inc.
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Tuesday, January 22, 2013

Toronto MLS Average Sales by Home Type January 2013 | Blog | Nicole Kreutzberg  & Laszlo Koos

Looking for Numbers?  Here they are...
GTA REALTORS® RELEASE MID-MONTH RESALE HOUSING FIGURES
TORONTO,
January 16, 2013 – Greater Toronto REALTORS® reported 1,469 sales through the TorontoMLS system during the first two weeks of January 2013. This result represented an increase of 2.4 per cent over the 1,435 transactions reported during the same period in 2012.
"The New Year started off on a positive note with residential sales slightly above last year’s levels,” said Toronto Real Estate Board (TREB) President Ann Hannah. “I am cautiously optimistic about this result. It will be important to watch sales trends closely as we move through the first quarter to see if some of the households who moved to the sidelines as a result of stricter lending guidelines are starting to renew their decision to purchase a home.”
The average selling price during the first 14 days of 2013 was by up by four per cent on a year-over-year basis to $459,728.
“Continuing the trend from 2012, the low-rise segment of the market experienced the strongest price growth as competition between buyers remained quite strong,” said Jason Mercer, TREB’s Senior Manager of Market Analysis. “The average selling price is expected to grow in 2013, but at a slower pace as buyers benefit from more choice.”
  
Toronto MLS Average Sales by Home Type:
January 1 to 14, 2013
Sales of Detached (416) 146 (Average Price) $720 759  (905511 (Average Price)  $549 015 (Total Sold in GTA) 657  (Total Average of GTA Sales) $587 180 - Total Increase (from 2012) of 4.3%
Sales Semi Det.    (416 42 (Average Price) $502 546  (905)  114 (Average Price) $408 968 (Total Sold in GTA)  156 (Total Average of GTA Sales$434 162 - Total Increase (from 2012) of 11.5%
Sales of Townhoues (41665 (Average Price) $414 550 (905177 (Average Price) $357 154 (Total Sold in GTA) 242 (Total Average of GTA Sales$372 570 - Total Increase (from 2012) of 4.5%
Sales Condo's (416273  (Average Price) $337 624 (905) 115 (Average Price) $260 434 (Total Sold in GTA) 388 (Total Average of GTA Sales$314 745 - Total Increase (from) of -3.3$
Any time you would like a snap shot of your particular neighborhood, please feel free to email me, I'll be glad to help!
Nicole Kreutzberg, email nicole@gtalisted.com
Realtor, Sutton Group Assurance

Original Blog can be found at:
Toronto MLS Average Sales by Home Type January 2013 | Blog | Nicole Kreutzberg & Laszlo Koos

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