Monday, July 22, 2019

Buyers Were Asking: Parent Interference

Parent Interference

In a lot of ways, going to your parents for advice can be your best bet. After all, the chances are, they’ve seen it, been through it and have come out the other side better for it. They can pass down their knowledge in many aspects of life including real estate. Although we respect parents’ involvement and, often times will encourage it during the purchase and sale process there’s a fine line we walk between parent encouragement and parent interference. 

The baby boomer generation has worked hard to purchase their family home and settled themselves in for the long haul. Now that the kids are leaving the nest, their parents are actively involved in the process emotionally (and sometimes financially) but, when was the last time they traded in real estate? With markets evolving year over year strategies, trend and pricing are constantly evolving. The purchase and sale process becomes a learning curve with each new market you enter. A lot of times, parents find themselves having to be educated alongside their kids on the new wave of real estate… and it can be a steep curve!

When push comes to shove, it’s difficult to bring everyone up to speed in the clutch. Particularly when you’re dealing with multiple offers. We’ve talked before about outside influences and listening to your Realtor. If you’ve built the trust with your Realtor then, at the end of the day you, as well as Mom and Dad, need to trust their expertise knowing they have your best interests in mind. 

Wednesday, July 17, 2019

You Were Asking: Befriending Your Buyer/Seller

Befriending Your Buyer/Seller

Almost everyone is now on some form of social media making it pretty easy to start a relationship with your buyer or seller.  Once the dust settles of the offer negotiations a lot of clients wish to be put in touch with the other party or, even seek them out independently. Often times you’ll find you have plenty in common… like your taste in homes! We’ll even encourage Sellers to remain during further visits or, put people together when dealing with selling of personal items like furniture in a downsize or relocation.   But beware, once the lines are open you can open yourself up to a whole host of questions, concerns, texts, messages and so on. It may seem harmless, but you should never allow a visit without your respective Realtors present. If something goes wrong prior to or on closing, as they often do, are you prepared to handle it? At the end of the day, this is your largest asset… there’s something to be said for having the buffer or the protection of your Realtor! Ultimately, the decision is up to the parties involved but our advice is to exercise caution until all is said and done. We’ve known many buyers to befriend sellers and maintain long term relationships AFTER everyone has settled into their new homes.

Wednesday, July 10, 2019

Market Update: Market Conditions and Fall Forecast

Market Conditions and Fall Forecast

Our spring market held on well beyond our expectations and into the summer months. Tides are changing though, with signs of a market slow up expected to last through until Labour Day. 

As families are settling into their summer plans of travel and activities, our downsizers are out in full force and ready to make their move. With the sunshine finally upon us we’ve also found ourselves in our outer lying rural areas. 

Traditionally, the fall is our second busiest market of the year… that last push before the holidays are upon us. If you’re considering a move, the summer is a great time to get the house in tip top shape, tackling those last renovations or repairs and even taking some great outdoor photos while the gardens are in full bloom!