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Articles2020-10-13T03:40:00-04:00

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The reason we’re going to be in trouble is because we’re sharing a secret that the public isn’t supposed to know about. If you’ve ever felt like you’re missing out on something, that there must be some secret way in which some buyers and sellers transact, you’re right.

We’re gonna get in trouble for telling you this.

Timing the market is incredibly difficult, often doesn’t work and is also largely unnecessary. Instead of caring about the market as a whole, here’s how you prepare on both the buying and selling sides to take advantage of opportunity.

It’s time to get your ducks in a row.

One of the more interesting impacts of the COVID-19 pandemic has been how anyone who was participating in the market just for fun has disappeared. It has dramatically reduced the number of the three main types of ghosts we see in the market.

On a positive note, we’re seeing fewer ghosts than normal.

Over time, we’ve identified certain red flags that tell us that the person on the other side of the deal may be less than ideal. While looking for perfection in the party on the other side of the deal can be counter-productive, it is smart to not overlook clear indications that this deal could be trouble.

Three red flags…wait, no..six red flags!

We have been focused lately on giving you the big picture view of real estate. The forest, if you will. Now, let’s look at the trees. No more talk about economic indicators, bond rates, government policies and the implications on real estate. This is what it’s like right now in real estate in Toronto.

Yes, the forest is interesting – but check out these trees!

It’s easy to go down a rabbit hole of analysis about how COVID-19 is impacting the market and what comes next. If we cut through the noise, we can see there are absolutely going to be winners and losers in real estate over the next few months. Most of it is out of our control, but there are a few ways in which you can make sure you aren’t negatively impacted by our new reality.

Down the rabbit hole we go…

Back in 2003, Toronto experienced the SARS outbreak and it makes sense to look at how it impacted the real estate market to get a good sense of the likely impact of the coronavirus this time around. Also, are we the only ones who didn't realize how often we touch our faces? Egad.

SARS vs. the Coronavirus

When you think about the last time you moved, what was the reason? Recently released data shows the big reasons people choose to move and it’s pretty surprising. Here’s our take on it.

Why people move is a little confusing.

A house in Toronto sold in late January, 2020 for a full $1M over asking price. Without a doubt, there is a huge opportunity for certain properties right now. Here’s three questions about your home. If you answer yes to any of the three, it’s time to sell.

Should I sell my house now?

When we look at what’s happened to prices in the last year and what’s expected to happen this year, the cost of waiting to buy is huge. How huge? In Toronto, it costs you about $300 a day.

The cost of waiting is huge.

Whenever a deal falls through, there is short window of opportunity for a buyer to come in with a firm offer to get the property at a great price. Here’s some examples of when that happened.

The deal fell through.

Understanding when a list price isn’t working – and why – is a crucial skill for a listing agent. That knowledge can be used to get the sale back on track. Make no mistake, there is a right way to lower your listing price – and a wrong way.

When should a seller change their listing price?

How long does it take to buy? To sell? What happens, in what order and what can’t be rushed or skipped without the whole thing falling apart? Here’s the timelines you need to know if you’re buying or selling real estate.

So, you’re saying tomorrow is not going to be possible?

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