tag:blogger.com,1999:blog-5854848044214186022024-03-25T09:19:24.943-04:00J.M. Edwards Real Estate Tips and TrendsJM Edwards Real Estatehttp://www.blogger.com/profile/02742321892864854932noreply@blogger.comBlogger410125tag:blogger.com,1999:blog-585484804421418602.post-42550545396783499902024-03-25T09:16:00.003-04:002024-03-25T09:16:46.083-04:00You Were Asking: Latent versus Patent Defects<p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj8ougtkni39i3mSyA3daEW985t4lUt6L8T0adg2NN2QDsG5EIhUmepuliKyUWPjThiJUqmLh5unIrfT1sjefR6fVCrP_3rnrwcX8AXJTbHBDOgSFNEMe2_yhqkotiy5tZ0UqApZNcWgE_04EIGSJoei0qzRODWkZAoozJXWMGa4Ofb-t3z4GPn9FkrCPA/s1366/2.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="768" data-original-width="1366" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj8ougtkni39i3mSyA3daEW985t4lUt6L8T0adg2NN2QDsG5EIhUmepuliKyUWPjThiJUqmLh5unIrfT1sjefR6fVCrP_3rnrwcX8AXJTbHBDOgSFNEMe2_yhqkotiy5tZ0UqApZNcWgE_04EIGSJoei0qzRODWkZAoozJXWMGa4Ofb-t3z4GPn9FkrCPA/w400-h225/2.png" width="400" /></a></div><br /><p></p><p class="MsoNormal" style="background: white; border: medium; font-family: "Times New Roman", serif; margin: 0cm;"><span style="border: medium; font-family: Aptos, sans-serif;">Remember the old adage buyer beware? Well, one that has always existed is seller beware. If you’ve been around a while, you’ll have heard of the ‘Seller Disclosure Statement’. As a seller, you were asked to fill one out that spoke to your knowledge of your home. Did the home have any known defects such as flooding damage, electrical issues, mould. Eventually this form fell out of use as many sellers were simply refusing to fill it out. Enter Form 299 which just came into existence in February of this year. Seller Disclosure Latent Defect(s). What pray tell is a latent defect? It’s a deficiency or concern in a home which a person cannot readily see. If a seller is aware of the defect, he must disclose it. If you are a seller and aware of a defect in your home that will present a dangerous situation or make the home inhabitable, it is your duty to disclose. </span><span style="border: medium; color: #212121; font-family: Aptos, sans-serif;"><o:p></o:p></span></p>JM Edwards Real Estatehttp://www.blogger.com/profile/02742321892864854932noreply@blogger.com0tag:blogger.com,1999:blog-585484804421418602.post-44089369351591411032024-03-13T13:51:00.001-04:002024-03-13T13:51:00.179-04:00You Were Asking: "NIMBYism"<p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj_kdnTZFmJ6YKxLp3p3KcVINBlDiZvw_QWV8gmczcMhBWYnuwY50hMxVMISS-7PvSQQM0SgZlwU51qsAZbD43YFFQ9Orbdpa71W9ffMc7efO0OTzgQn-b8UE5bTuiHmb1fcUXckFh0-cA9e1JwXBr2H-uZlqUx8hk4nEdhkiF82Vn5NTEXFnZ-TY5jwiM/s1366/1.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="768" data-original-width="1366" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj_kdnTZFmJ6YKxLp3p3KcVINBlDiZvw_QWV8gmczcMhBWYnuwY50hMxVMISS-7PvSQQM0SgZlwU51qsAZbD43YFFQ9Orbdpa71W9ffMc7efO0OTzgQn-b8UE5bTuiHmb1fcUXckFh0-cA9e1JwXBr2H-uZlqUx8hk4nEdhkiF82Vn5NTEXFnZ-TY5jwiM/w400-h225/1.png" width="400" /></a></div><p></p><p style="background: white; caret-color: rgb(33, 33, 33); color: #212121; font-family: Aptos; font-size: 16px; margin-top: 0cm;"><span style="color: black; font-family: Aptos, sans-serif;">We’ve all heard the term, but I think we really need to pull our heads out of the sand to recognize we truly need multi-family housing. Call it what you will; co-housing, duplex, triplex, laneway housing….whatever. We are in a housing crisis…yep, we all know, but why are we not addressing zoning more proactively? Removing stringent restrictions to allow for more multi-unit dwellings inside existing homes will support aging in place and allow for additional living space for young adults to not only help support a single or aging parent but offer the win/win for the grown child. For developers, removing unnecessary design barriers such as infrastructure enhancements that municipalities demand when increasing housing density. We need to be open to change as we truly are in the thick of it now. </span><span style="font-family: Aptos, sans-serif;"></span></p><p><br class="Apple-interchange-newline" /></p>JM Edwards Real Estatehttp://www.blogger.com/profile/02742321892864854932noreply@blogger.com0tag:blogger.com,1999:blog-585484804421418602.post-17127955291873369212024-03-06T13:49:00.001-05:002024-03-06T13:49:00.137-05:00You Were Asking: The Dream of Home Ownership... Poof!<p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgemtwV7S6c-2y9mvcMUBOFxaZarPDAxGxxbkiAck3fdAFgilREpbCFHu_O5QSo4JCiiCTbl_g8tIbqjAv66rqHSTQAfrK9o7i0zlVhe45wgOYTeyzzud7fgaZwOKHzw5WAuovgFlyyhib0DR8QPyCDCpuX4zXo49RHzCq7ZhZYtgAcMlcTKdusgFTVqW4/s1366/3.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="768" data-original-width="1366" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgemtwV7S6c-2y9mvcMUBOFxaZarPDAxGxxbkiAck3fdAFgilREpbCFHu_O5QSo4JCiiCTbl_g8tIbqjAv66rqHSTQAfrK9o7i0zlVhe45wgOYTeyzzud7fgaZwOKHzw5WAuovgFlyyhib0DR8QPyCDCpuX4zXo49RHzCq7ZhZYtgAcMlcTKdusgFTVqW4/w400-h225/3.png" width="400" /></a></div><span style="background-color: white; font-family: Aptos, sans-serif; font-size: 16px;">This industry makes you think and realize that our own pre-conceived notions need a jump start. Long held beliefs on home ownership have now been put to the test in the ‘slap you in the face’ realization that not only will some never become homeowners, they actually are at peace with that fact. As a seasoned realtor, that’s a huge paradigm shift. Renting can be the more economical route when you consider saving for retirement and travel dreams. I recently listened intently to a podcast whereby a few millennials were interviewed on their purchase plans. These were young professionals fully capable of grasping the ‘let’s get our financial house in order’ early types. One detailed the disparity between owning and renting reasoning that if he continued renting, he’d be further ahead and on track to retire earlier and still be able to travel, couple, and add a kid to the journey. We have been pre-programmed to believe that accumulating a good asset base (a house) is the solution to financial freedom. Hmmmmmm….so hard to grasp another way.</span><p></p>JM Edwards Real Estatehttp://www.blogger.com/profile/02742321892864854932noreply@blogger.com0tag:blogger.com,1999:blog-585484804421418602.post-36126244290752762132024-02-28T13:49:00.006-05:002024-02-28T13:49:45.873-05:00You Were Asking: Opportunities for the Move-Up Buyer<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhQqnxcn4EJzYQyGQmutEnXgcMVxMtcelpa3epQs8nVC2eD6NogMKWxDvXRCDHskKcTbOywY8_zCs8zmpYybVlF97vpfC7GnXrw6r82sRI5H-jROOnD1kBLzpec91Wsn3wVxM9TcKiHQyOScGdJzBA4j5E6dBXyi9zt5G2hOfG0NNhAP6rdJzAKjiDkZCo/s1366/2.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="768" data-original-width="1366" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhQqnxcn4EJzYQyGQmutEnXgcMVxMtcelpa3epQs8nVC2eD6NogMKWxDvXRCDHskKcTbOywY8_zCs8zmpYybVlF97vpfC7GnXrw6r82sRI5H-jROOnD1kBLzpec91Wsn3wVxM9TcKiHQyOScGdJzBA4j5E6dBXyi9zt5G2hOfG0NNhAP6rdJzAKjiDkZCo/w400-h225/2.png" width="400" /></a></div><div><br /></div>
Anyone watching the move-up market will be aware that the larger, pricier homes are tending to sit on the market longer. Obviously, this market has been affected by interest rates. This presents an opportunity for the move-up buyer for a few important reasons. Less demand means less competition presenting more chance to negotiate price, terms and conditions. When it comes to selling the smaller home, there is much more demand in the lower price points. The difference between the move-up home and the carrying costs on the larger home has come down to what we saw just a few years ago so the risk of overpaying has been reduced significantly. If you are looking to move-up to your ‘forever’ home, or, the home that takes your kids through school, this is a great time for you.
JM Edwards Real Estatehttp://www.blogger.com/profile/02742321892864854932noreply@blogger.com0tag:blogger.com,1999:blog-585484804421418602.post-846866770878156712024-01-18T11:26:00.001-05:002024-01-18T11:26:04.595-05:00The Winter 2024 Newsletter is Here!<br />
<div style="text-align: center;">
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</div>JM Edwards Real Estatehttp://www.blogger.com/profile/02742321892864854932noreply@blogger.com0tag:blogger.com,1999:blog-585484804421418602.post-26316478876355230112024-01-02T10:54:00.001-05:002024-01-02T10:54:00.136-05:00Market Conditions & Spring Forecast<p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhdXPb0FQgqsgyvhA9e2e28FrSoK2FamtoyTmSyVS4nK4JSVSP0CduHfxkQl9-TBzuQV8CEjdVfGE-FyuHqUGA-0T2w2l9N8C8ziuRfT9-ARwFW_RHVgqxkQmfBJivirad1F3ztjchX07VDRNtqheBb-G_f2pSOIXbptLW_iY0YkVQY8ewVOnodlI87qdo/s1366/1.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="768" data-original-width="1366" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhdXPb0FQgqsgyvhA9e2e28FrSoK2FamtoyTmSyVS4nK4JSVSP0CduHfxkQl9-TBzuQV8CEjdVfGE-FyuHqUGA-0T2w2l9N8C8ziuRfT9-ARwFW_RHVgqxkQmfBJivirad1F3ztjchX07VDRNtqheBb-G_f2pSOIXbptLW_iY0YkVQY8ewVOnodlI87qdo/w400-h225/1.png" width="400" /></a></div><p></p><p class="MsoNormal" style="border: medium; font-family: "Times New Roman", serif; margin: 0cm;"><span style="border: medium;">2023 was a year of change in real estate, right up until its final days of the year. For buyers, it brought the return of negotiation, conditions, and due diligence… something not frequently seen even at the beginning of the year. It also brought further interest rate hikes resulting in the reduction of buying power. For sellers, they had to find new footing in an evolving market where pricing became critical and to an extent in the final months of the year, a complete gamble. We saw the shift from a sellers’ market to balanced, then to a buyers’ market. With new Act changes to representation, offers, coupled with rates holding steady it will be interesting to see how it all plays out in our traditional spring market in the coming weeks. Will buyers become less leery and more eager to take the leap into purchases? January marks the beginning of our spring market so, historically speaking, we should see a more balanced marketplace emerge. <o:p></o:p></span></p>JM Edwards Real Estatehttp://www.blogger.com/profile/02742321892864854932noreply@blogger.com0tag:blogger.com,1999:blog-585484804421418602.post-69894943957133092882023-12-28T10:08:00.001-05:002023-12-28T10:08:00.135-05:00You Were Asking: Why Won’t Someone Just Put in an Offer?<p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi5U0e3cKIZBVxcJO-z2uBjVJFTMEzDM2QaHODbeh-nelql5Cng4U5wtJAUgLCloI704IwQ90hPC_BnmRvP7tii5fLkWRQ272-5l_6hp4j-FMrYKwzAU2meGrDCgmt2QWJ_TO1KjqIMD5SgPih2ZiTeS_OgQ8N_TBqnZmsShMUuUQR-zPPv6qeDj_jxLok/s1366/2.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="768" data-original-width="1366" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi5U0e3cKIZBVxcJO-z2uBjVJFTMEzDM2QaHODbeh-nelql5Cng4U5wtJAUgLCloI704IwQ90hPC_BnmRvP7tii5fLkWRQ272-5l_6hp4j-FMrYKwzAU2meGrDCgmt2QWJ_TO1KjqIMD5SgPih2ZiTeS_OgQ8N_TBqnZmsShMUuUQR-zPPv6qeDj_jxLok/w400-h225/2.png" width="400" /></a></div><style class="WebKit-mso-list-quirks-style">
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</style><p></p><p class="MsoNormal" style="border-style: none; border-width: medium; font-size: medium;"><span style="border: medium; color: #333333; font-family: Arial, sans-serif;">As the owner, you are entitled to ask any price you like. The idea of starting high so you have room to come down works in some markets, not in others. Let's consider these points:<br /><br /></span><span style="border: medium; font-family: Arial, sans-serif;"><o:p></o:p></span></p><ul style="margin-bottom: 0cm; margin-top: 0cm;" type="disc"><li class="MsoNormal" style="color: #333333; text-align: justify;"><span style="border: medium; font-family: Arial, sans-serif;">A common problem arising from overpricing your home is that prospective buyers are "scared off" by the price. Prospective buyers often know the maximum price they can pay to still qualify for financing. They may eliminate an overpriced home from consideration without ever looking at it!<o:p></o:p></span></li></ul><ul style="margin-bottom: 0cm; margin-top: 0cm;" type="disc"><li class="MsoNormal" style="color: #333333; text-align: justify;"><span style="background: white; border: medium; font-family: Arial, sans-serif;">Look at the competition. Many buyers today shop for a home by comparison, as they would for a car or fridge. They look at numerous homes to eliminate from consideration the ones they feel are not competitively priced.</span><span style="border: medium; font-family: Arial, sans-serif;"><o:p></o:p></span></li></ul><ul style="margin-bottom: 0cm; margin-top: 0cm;" type="disc"><li class="MsoNormal" style="color: #333333; text-align: justify;"><span style="background: white; border: medium; font-family: Arial, sans-serif;">Sellers often think only in terms of the cash they will receive when someone buys their home. Most buyers borrow money to buy a home. The bank or other institutions who loan money to purchase homes always require that the home be appraised by the lending institution to ensure that the home is being purchased at fair market value.</span><span style="border: medium; font-family: Arial, sans-serif;"><o:p></o:p></span></li></ul><ul style="margin-bottom: 0cm; margin-top: 0cm;" type="disc"><li class="MsoNormal" style="color: #333333; text-align: justify;"><span style="background: white; border: medium; font-family: Arial, sans-serif;">Sellers should also be aware that there are hidden costs involved when overpriced homes don't sell rapidly. These include the sellers continued liability to pay interest on the mortgage, property taxes and insurance. Overpriced homes become "stale" on the market.</span><span style="border: medium; font-family: Arial, sans-serif;"><o:p></o:p></span></li></ul><p class="MsoNormal" style="background: white; border-style: none; border-width: medium; font-size: medium; text-align: justify;"><span style="border: medium; color: #333333; font-family: Arial, sans-serif;">When determining the sale price of your property, you should be aware that competitively priced property will attract more qualified prospective buyers in a shorter period of time. If we can help, give us a call!<o:p></o:p></span></p>JM Edwards Real Estatehttp://www.blogger.com/profile/02742321892864854932noreply@blogger.com0tag:blogger.com,1999:blog-585484804421418602.post-53531110632864441802023-12-26T10:06:00.001-05:002023-12-26T10:06:00.147-05:00You Were Asking: Aging in Place<p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiBWquxqgjWwDPeBxwXbL7YD4iffYxd9tnbaocCcjCIIOaFvW35xIPTdolv3reTnFp5xhKDfCaM_0GFwsp6EoY3hHElQV-TiYLYRWIoyCTGlZV_lZZTYsF38ryYOehoyrz7mTw0edj6TYvszXcmfFe1GHB0BJX9gl-FYgmb3rRcYOgHXHT8oNt9GRM1_ZY/s1366/3.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="768" data-original-width="1366" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiBWquxqgjWwDPeBxwXbL7YD4iffYxd9tnbaocCcjCIIOaFvW35xIPTdolv3reTnFp5xhKDfCaM_0GFwsp6EoY3hHElQV-TiYLYRWIoyCTGlZV_lZZTYsF38ryYOehoyrz7mTw0edj6TYvszXcmfFe1GHB0BJX9gl-FYgmb3rRcYOgHXHT8oNt9GRM1_ZY/w400-h225/3.png" width="400" /></a></div><p></p><p style="background: white; font-family: "Times New Roman", serif; margin-left: 0cm; margin-right: 0cm; margin-top: 0cm;"><span style="font-family: Arial, sans-serif;">For so many of us contemplating a downsize, there appear to be so many more factors than there have ever been. It used to be that we thought a lot about our families and the furniture and how we would manage our new ‘smaller’ lifestyles. We’d been so accustomed to being the hub of our family’s existence. We raised our kids, we held the family events, and we sheltered out of town company. These days there are many additional considerations. Do we have family members living with us who are reliant on the lower than standard costs associated with the housing crisis we now find ourselves in? Is the cost of moving versus staying prohibitive or on the same level? For so many, we are still in the sandwich generation of our lives. We are not only sheltering grown children, but often grandchildren and aging parents. We need the family home still and yet we should be preparing for our golden years. If this sounds like you, you are definitely not alone. Maybe the cost of moving appears to make little sense. There are ways to ensure your home is still safe for you. One of those ways is to restructure the home to create a bedroom on the main level of your home. Or, even consider installing a chair lift for either your aging parents or for yourself. There are programs now where you can rent a lift temporarily. You can apply for funding. Speak to an accountant to inquire about tax relief. In our current housing climate, we need to be creative, but, also mindful of our health and the welfare of our family members. Being proactive will help you to make the very best decision for yourselves and your family.</span><span style="color: #212121; font-family: Arial, sans-serif;"><o:p></o:p></span></p>JM Edwards Real Estatehttp://www.blogger.com/profile/02742321892864854932noreply@blogger.com0tag:blogger.com,1999:blog-585484804421418602.post-82834071717351991382023-12-21T10:04:00.001-05:002023-12-21T10:04:00.144-05:00You Were Asking: The Open Offer Bidding Process<p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj-wWhzADUcTr6u8ILukWu_uXfmu-hmr3HHOUzOjMpe4uNgOtqIo2pBcd89x4R8XhEkUaiw2zohJs__PjSun8OmM0bMyQldxUL-bkH7nPlHee89GEk9RU4YzOZQDLSgLmW2_wxZsAc7UA_PX9dmdep3ysKHH7A_EOV2Nd21OpM1xsbyn4tFHlFebeX1uTo/s1366/4.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="768" data-original-width="1366" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj-wWhzADUcTr6u8ILukWu_uXfmu-hmr3HHOUzOjMpe4uNgOtqIo2pBcd89x4R8XhEkUaiw2zohJs__PjSun8OmM0bMyQldxUL-bkH7nPlHee89GEk9RU4YzOZQDLSgLmW2_wxZsAc7UA_PX9dmdep3ysKHH7A_EOV2Nd21OpM1xsbyn4tFHlFebeX1uTo/w400-h225/4.png" width="400" /></a></div><br /><p></p><p style="background: white; font-family: "Times New Roman", serif; margin-left: 0cm; margin-right: 0cm; margin-top: 0cm;"><span style="font-family: Arial, sans-serif;">Both buyers and sellers have been anxiously awaiting news that at long last offers can be transparent. It is unnerving to buyers to wonder if they have overbid in a competitive offer situation. The rules surrounding the open bid offer process are weighted toward seller choice. A seller can choose the option to disclose parts or most of all buyers’ submissions (with exception of any personal data such as name, address). In the stream of negotiations, a seller can also choose to no longer share that same information. For buyers, they need to be aware that they may not be made aware that a seller will be opting to engage in open bidding. Should they not wish to share the detail of their offer, they are not in a position to choose. But what if a buyer does not want their offer shared? Protective measures can be put into their offer to ensure that if the seller has chosen open offer bidding, this buyer’s offer will automatically be deemed rescinded. Regardless of an open or closed bidding process, the number of offers submitted must still be shared. </span><span style="color: #212121; font-family: Arial, sans-serif;"><o:p></o:p></span></p>JM Edwards Real Estatehttp://www.blogger.com/profile/02742321892864854932noreply@blogger.com0tag:blogger.com,1999:blog-585484804421418602.post-34398534769114471902023-12-19T10:04:00.003-05:002023-12-19T10:04:29.443-05:00You Were Asking: REBBA to TRESA<p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiO-RvBPAdYvULpx-D8_hsykjMGEcUdgOhgZqVSnVVs_BliN1ay7_KXprdLwQcdJIDnEunZsqdmf8gghHdmqfXTulmoG5xcV0tQ5HnsiQZUxLcIp2OVKJMhblqCmpy_Qn3kh8kpJae8qXQEACrCptJ1KKe4lrI-7k9K62A_nswpnIvnqC4jwjv1jocjkTw/s1366/5.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="768" data-original-width="1366" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiO-RvBPAdYvULpx-D8_hsykjMGEcUdgOhgZqVSnVVs_BliN1ay7_KXprdLwQcdJIDnEunZsqdmf8gghHdmqfXTulmoG5xcV0tQ5HnsiQZUxLcIp2OVKJMhblqCmpy_Qn3kh8kpJae8qXQEACrCptJ1KKe4lrI-7k9K62A_nswpnIvnqC4jwjv1jocjkTw/w400-h225/5.png" width="400" /></a></div><br /><p></p><p style="background: white; font-family: "Times New Roman", serif; margin-left: 0cm; margin-right: 0cm; margin-top: 0cm;"><span style="font-family: Arial, sans-serif;">The Real Estate Council of Ontario recently re-wrote and revised the Act governing all licensed realtors in Ontario. The previous Real Estate Business and Broker’s Act, 2002 has now become the Trust in Real Estate Services Act, 2002. A few noteworthy changes to the method in which realtors now conduct business in Ontario surround realtor representation, brokerage representation and open offer bidding. If you are considering purchasing or selling real estate, you have the same choices as you have always had. The difference lies in how realtors are now able to engage in the process. You will be provided an information guide to review to inform you of your choices as you move throughout the process. Either you will become a client or will choose to self-represent. If you choose to become a client, you will be provided with advice and guidance from a realtor and all related services provided by that realtor as you move through the process. When you choose to represent yourself, you are choosing to opt out of any service provided by a licensed realtor. The realtor can no longer provide you with any service that relies on their skill or judgement. Another important change is to how offers are handled. A seller can choose to engage in an open bidding process whereby the details of all offers are shared to all buyers submitting offers (with exception to any personal information). The third notable change surrounds representation again. A brokerage can choose to stipulate that all real estate agents within the brokerage represent all clients of that brokerage or designate specific realtors within the brokerage to represent individual clients. This change will help to avoid multiple representation as much as possible.</span><span style="color: #212121; font-family: Arial, sans-serif;"><o:p></o:p></span></p>JM Edwards Real Estatehttp://www.blogger.com/profile/02742321892864854932noreply@blogger.com0tag:blogger.com,1999:blog-585484804421418602.post-27221150865003693832023-11-10T21:00:00.001-05:002023-11-10T21:00:00.147-05:00Remembrance Day<p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhhZAvB3YPzDjEFayu7NZ0XVHRhjsDPu1xl5fYunsYzRdl2Y6DtADAoHGTH7ugoIkPngQ-IHrIqMm4eEER92uWG_UFW_v8zvT7sHYn5Xy4BS4ez4E3Snq-Tiyv97RP7l7zog0CJj14B-Tjr4HiCeDLlGlMcT8xNmMZkA4hzyGXqbOlUVY6X5sArAG9cZc0/s2000/As%20a%20young%20boy%20I%20can%20remember%20going%20to%20Sunnybrook%20Veterans%20hospital%20to%20visit%20my%20Dad%20who%20constantly%20seemed%20to%20be%20having%20an%20operation%20to%20relieve%20the%20pain%20from%20his%20war%20wounds.%20At%20the%20time%20it%20was%20hard.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="2000" data-original-width="1545" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhhZAvB3YPzDjEFayu7NZ0XVHRhjsDPu1xl5fYunsYzRdl2Y6DtADAoHGTH7ugoIkPngQ-IHrIqMm4eEER92uWG_UFW_v8zvT7sHYn5Xy4BS4ez4E3Snq-Tiyv97RP7l7zog0CJj14B-Tjr4HiCeDLlGlMcT8xNmMZkA4hzyGXqbOlUVY6X5sArAG9cZc0/w494-h640/As%20a%20young%20boy%20I%20can%20remember%20going%20to%20Sunnybrook%20Veterans%20hospital%20to%20visit%20my%20Dad%20who%20constantly%20seemed%20to%20be%20having%20an%20operation%20to%20relieve%20the%20pain%20from%20his%20war%20wounds.%20At%20the%20time%20it%20was%20hard.jpg" width="494" /></a></div><br /><p></p>JM Edwards Real Estatehttp://www.blogger.com/profile/02742321892864854932noreply@blogger.com0tag:blogger.com,1999:blog-585484804421418602.post-458948171361897072023-10-17T09:27:00.003-04:002023-10-17T09:27:39.816-04:00The Fall 2023 Newsletter Is Here!<br />
<div style="text-align: center;">
<iframe height="1460" src="https://drive.google.com/file/d/11lvQBc-XO-SwEgWmPnSFLAmw9o6oCevv/preview" width="530"></iframe>
</div>JM Edwards Real Estatehttp://www.blogger.com/profile/02742321892864854932noreply@blogger.com0tag:blogger.com,1999:blog-585484804421418602.post-61883064258585366612023-10-12T10:24:00.001-04:002023-10-12T10:24:00.162-04:00You Were Asking: Work From Home Coming To An End?<p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj859SAYkcJ2_6qeXQlX6xKaMM1CsY8PBEpinamyIP_qiA_oKrpgQyvLAgL_G4kvGY1RSouWDUcJAPR1tzaG70pc1oXhxfx53uSNmts4CzMOxIzkIigsZztcLdcnXRa25SfgviWRhBEYJduXmWViCLhpdpm1TP31XiNiMjp9-GbicKqhOP5S8_bg4sa6DA/s1366/1.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="768" data-original-width="1366" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj859SAYkcJ2_6qeXQlX6xKaMM1CsY8PBEpinamyIP_qiA_oKrpgQyvLAgL_G4kvGY1RSouWDUcJAPR1tzaG70pc1oXhxfx53uSNmts4CzMOxIzkIigsZztcLdcnXRa25SfgviWRhBEYJduXmWViCLhpdpm1TP31XiNiMjp9-GbicKqhOP5S8_bg4sa6DA/w400-h225/1.png" width="400" /></a></div><p></p><p class="MsoNormal" style="font-family: Calibri, sans-serif; margin: 0cm;"><span style="color: #212121; font-size: 11pt;">With all the traffic out there at all times of the day, it is clear that many of us are still working from home. Or, at the very least, a somewhat hybrid model of work. What we do know is that this is creating a lot of vacancy in the commercial sector which creates all sorts of opportunities but also concerns for those landlords who are struggling now to keep their partially vacant buildings from falling into disrepair. Opportunities present themselves in the midst of our current housing crisis. Are their ways in which some of this vacant product could be turned into affordable housing? What is required to retrofit an office space which likely already has a kitchenette and washroom? Entire floors of vacant office space is concerning. What if a leak goes undetected for a while? It’s food for thought as we are seeing more and more buyers who still need the work from home space as they are not planning to go back to work on a full-time basis. <o:p></o:p></span></p><p class="MsoNormal" style="font-family: Calibri, sans-serif; margin: 0cm;"><o:p> </o:p></p>JM Edwards Real Estatehttp://www.blogger.com/profile/02742321892864854932noreply@blogger.com0tag:blogger.com,1999:blog-585484804421418602.post-86143160792673623652023-10-05T10:23:00.001-04:002023-10-05T10:23:00.255-04:00You Were Asking: Climate Change Affecting Where Buyers Buy?<p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi06gSln4Ihzzvpehryu6Jg5sRurDh-7tvi-5jXi3aSF3CI9FTEyfWSmN3hCApWzJOk2vPvUmx1Dzoe-DRrLMI5NO0f06GVmVjnYAnYThJInqgsJ-XiswttvzL__8KNgrAo543081NdB_OZwzIuT19D-qd5IMQOYxaHJ6KCD8SSzfb6Rq6bEyDBR7cMuiE/s1366/2.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="768" data-original-width="1366" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi06gSln4Ihzzvpehryu6Jg5sRurDh-7tvi-5jXi3aSF3CI9FTEyfWSmN3hCApWzJOk2vPvUmx1Dzoe-DRrLMI5NO0f06GVmVjnYAnYThJInqgsJ-XiswttvzL__8KNgrAo543081NdB_OZwzIuT19D-qd5IMQOYxaHJ6KCD8SSzfb6Rq6bEyDBR7cMuiE/w400-h225/2.png" width="400" /></a></div><p></p><p class="MsoNormal" style="font-family: Calibri, sans-serif; margin: 0cm;"><span style="color: #212121; font-size: 11pt;">As thoughts turn to retirement, many buyers look to find a southern vacation spot to support their retirement plans and dreams of warmer climes to avoid our Canadian winters. Climate change is now on everyone’s radar. Considerations such a hurricanes, flooding, and wildfires are now very real environmental factors in purchase. What should you be asking? Well, cost of insuring your vacation property for one thing. Will this be prohibitive if you are not residing in the home full time? Is there someone who can look in on your vacation property in your absence? What steps do you need to take to protect your investment? Even if you stay a safe distance from waterways, there are many other facts from power outages, downed trees and wind damage. What is your risk tolerance? <o:p></o:p></span></p>JM Edwards Real Estatehttp://www.blogger.com/profile/02742321892864854932noreply@blogger.com0tag:blogger.com,1999:blog-585484804421418602.post-60669724833125100132023-10-04T10:20:00.004-04:002023-10-04T10:20:50.197-04:00You Were Asking: The Estate Sale<p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEggdsubn7_uHswfWYDK-RNdbvKfiSRm1GkM7iPcRdy_eBllk988u3__GBmOq0usbInASlEr-7P6iUetBbxZOE99Nr4EejyW9qvYcPcRO4GL4cfSeYznPBzaVp7H2dNhiZQwnkhWdtg-Mrf3bYl3Dmfgf5tixmPM3sFxxhbKz-chjUGVVCJO0STgluGeAjw/s1366/Green%20and%20White%20Photographic%20Blogger%20Bio-Link%20Website.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="768" data-original-width="1366" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEggdsubn7_uHswfWYDK-RNdbvKfiSRm1GkM7iPcRdy_eBllk988u3__GBmOq0usbInASlEr-7P6iUetBbxZOE99Nr4EejyW9qvYcPcRO4GL4cfSeYznPBzaVp7H2dNhiZQwnkhWdtg-Mrf3bYl3Dmfgf5tixmPM3sFxxhbKz-chjUGVVCJO0STgluGeAjw/w400-h225/Green%20and%20White%20Photographic%20Blogger%20Bio-Link%20Website.png" width="400" /></a></div><br /><p></p><p class="MsoNormal" style="background: white; border: medium; font-family: "Times New Roman", serif; margin: 0cm;"><span style="border: medium; color: #363a3c; font-family: Arial, sans-serif;">When choosing homes to view, a buyer often is not aware that the seller is an estate trustee. While often there is no difference buying from a seller versus an estate, there are times when being aware of the repercussions will ensure your planning process is well thought out. If the home has been listed prior to a certificate of probate being issued, then the closing date you and the seller have agreed to may have to change. Can you accommodate this? Here’s a look at an often used probate clause used in estate sales;</span><span style="border: medium; color: #212121; font-family: Arial, sans-serif;"><o:p></o:p></span></p><p class="MsoNormal" style="background: white; border: medium; font-family: "Times New Roman", serif; margin: 0cm;"><span style="border: medium; color: #363a3c; font-family: Arial, sans-serif;"><br /></span></p><p class="MsoNormal" style="background: white; border: medium; font-family: "Times New Roman", serif; margin: 0cm;"><span style="background-attachment: scroll; background-clip: border-box; background-image: none; background-origin: padding-box; background-position: 0% 0%; background-repeat: repeat; background-size: auto; border: medium; font-family: Arial, sans-serif;">The buyer and seller agree that the seller, upon giving a minimum of 15 days written notice to the buyer, may unilaterally extend or move up the date set for completion one or more times, not to exceed 30 days in total, for the purpose of obtaining a certificate of appointment of Estate Trustee.</span><span style="border: medium; color: #212121; font-family: Arial, sans-serif;"><o:p></o:p></span></p><p class="MsoNormal" style="background: white; border: medium; font-family: "Times New Roman", serif; margin: 0cm;"><span style="background-attachment: scroll; background-clip: border-box; background-image: none; background-origin: padding-box; background-position: 0% 0%; background-repeat: repeat; background-size: auto; border: medium; font-family: Arial, sans-serif;"><br /></span></p><p class="MsoNormal" style="background: white; border: medium; font-family: "Times New Roman", serif; margin: 0cm;"><span style="border: medium; font-family: Arial, sans-serif;">Another key difference is that the seller, being an estate trustee, has likely never lived in the home. They will not be accepting any responsibility for any warranties the typical buyer may be seeking as they simply have no knowledge of the home they are selling. You will often see the wording ‘property is being sold as is where is’. Are you risk adverse? If so, you may wish to look at homes other than estate sales. Being well versed and prepared ahead of putting forth an offer on an estate sale is important so that you do not put yourself and family in jeopardy.</span><span style="border: medium; color: #212121; font-family: Arial, sans-serif;"><o:p></o:p></span></p>JM Edwards Real Estatehttp://www.blogger.com/profile/02742321892864854932noreply@blogger.com0tag:blogger.com,1999:blog-585484804421418602.post-25020048663124561202023-09-28T10:20:00.001-04:002023-09-28T10:20:00.151-04:00You Were Asking: Exclusionary Zoning<p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg6RPHl3ulJqhJivRIovBvidohyi-m1IPcTD728PuwATNHf9qvLXGSsctyMiE5DmD0TSAJemyfpWdMgIsWxNqKax_jpS9zJn2QbfI_cYZShUfK-lD2Jpxb2ryNw0KFTVf9n5Klx-ilYL_sqkzU4rNbATlNexEgE_Fvj9R7S6tKixv8mdd6sEsX8huPPUtY/s1366/3.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="768" data-original-width="1366" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg6RPHl3ulJqhJivRIovBvidohyi-m1IPcTD728PuwATNHf9qvLXGSsctyMiE5DmD0TSAJemyfpWdMgIsWxNqKax_jpS9zJn2QbfI_cYZShUfK-lD2Jpxb2ryNw0KFTVf9n5Klx-ilYL_sqkzU4rNbATlNexEgE_Fvj9R7S6tKixv8mdd6sEsX8huPPUtY/w400-h225/3.png" width="400" /></a></div><p></p><p class="MsoNormal" style="font-family: Calibri, sans-serif; margin: 0cm;"><span style="color: #212121; font-size: 11pt;">With our current housing crisis garnering so much attention, zoning restrictions are getting called into question. We are seeing more home buyers ask about two family living situations to house family members, but, also to add additional income to combat housing affordability. With rental rates skyrocketing and detached home ownership dreams fading away, buyers are looking to alternate ways to enter the housing market. City zoning can be somewhat restrictive in regulating how lands are developed and what exactly can be built and permissible where. Can a large lot be subdivided to allow for two smaller homes to be built on it? What about a 4 plex in a single-family residential neighbourhood? Is it permissible? Oftentimes there are few allowable uses in a neighbourhood. This is known as exclusionary zoning. Just because you own the land, you still need to seek the City’s permission to develop it. <o:p></o:p></span></p>JM Edwards Real Estatehttp://www.blogger.com/profile/02742321892864854932noreply@blogger.com0tag:blogger.com,1999:blog-585484804421418602.post-83957570872960624012023-09-21T10:20:00.001-04:002023-09-21T10:20:00.149-04:00You Were Asking: Rate Hikes and the State of the Market<p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjhhBJwUgh2cbhjg9m2of1v55osJgtEP8GH78V-GC6swMjt7jXexHuSMqiQGINbmogwwNk5PWfllXpx6jefoPMmHLlWTHCnMQ1CcezeNNOdvGs6DNEOiRLUuSHp2_37YbDPeCPDJAoqwnCMYGHfRvTWaQLV6R_r0150AfDotoGRd3tMQkFUX011Jtd8abQ/s1366/4.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="768" data-original-width="1366" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjhhBJwUgh2cbhjg9m2of1v55osJgtEP8GH78V-GC6swMjt7jXexHuSMqiQGINbmogwwNk5PWfllXpx6jefoPMmHLlWTHCnMQ1CcezeNNOdvGs6DNEOiRLUuSHp2_37YbDPeCPDJAoqwnCMYGHfRvTWaQLV6R_r0150AfDotoGRd3tMQkFUX011Jtd8abQ/w400-h225/4.png" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><p></p><p class="MsoNormal" style="font-family: Calibri, sans-serif; margin: 0cm;"><span style="color: #212121; font-size: 11pt;">We’ve all watched and commented on interest rates and what all the rate hikes have done to our current real estate climate. Cautionary spending is now a reality for the majority of our buyers who have had to adjust their expectations. Good news and bad news is being viewed on both sides of the equation as sellers now have to adjust their own expectations. Gone are the multiple offers and a sale within days of hitting the market. We are now seeing a more balanced market with homes sitting longer and buyers even getting to visit a second and third time. Another blessing is that conditional offers are back. This is a great situation for buyers as they can now really take the time to consider homes and conduct home inspections to really be certain of the condition of the mechanicals of a home before really firming up their commitment.<o:p></o:p></span></p><p><br /></p><div class="separator" style="clear: both; text-align: center;"></div>JM Edwards Real Estatehttp://www.blogger.com/profile/02742321892864854932noreply@blogger.com0tag:blogger.com,1999:blog-585484804421418602.post-17786208702615018732023-09-12T11:21:00.000-04:002023-09-12T11:21:47.882-04:00JUST LISTED 32 Winona Park Rd<br />
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</div>JM Edwards Real Estatehttp://www.blogger.com/profile/02742321892864854932noreply@blogger.com0tag:blogger.com,1999:blog-585484804421418602.post-27761750400899054092023-07-10T09:02:00.001-04:002023-07-10T09:02:00.150-04:00You Were Asking: Short Term Mortgage Trend<p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh1iE9kzNYkV8Em-XhG_rIcLlsubF9jyohxd5L19ylItnZt2bLBa7Eqyc9WZD7oz9LxjI2VDHwTltxSDAA8FaDSOMG1M3qeV-THxOqf694CZ_MrMKl6ix6Ekn9scQMNQsuVYjvUglztizW2CxvBnovFCZ4Z3PpXncN39jBTgchmAizvqUquhW-8AHKaUq0/s1366/1.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="768" data-original-width="1366" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh1iE9kzNYkV8Em-XhG_rIcLlsubF9jyohxd5L19ylItnZt2bLBa7Eqyc9WZD7oz9LxjI2VDHwTltxSDAA8FaDSOMG1M3qeV-THxOqf694CZ_MrMKl6ix6Ekn9scQMNQsuVYjvUglztizW2CxvBnovFCZ4Z3PpXncN39jBTgchmAizvqUquhW-8AHKaUq0/w400-h225/1.png" width="400" /></a></div><p></p><p class="MsoNormal" style="border: medium; font-family: "Times New Roman", serif; margin: 0cm;"><span style="border: medium; color: #333333; font-family: Arial, sans-serif;">The fear of rising interest rates this last year and a half have impacted the way Canadians were renewing and locking in their mortgages and a new trend has emerged. The five-year fixed term was the norm throughout most of 2021-2022, allowing homeowners the safety of a fixed rate as interest rates continued to climb. Now that we are well into 2023 and coming off yet another interest rate increases the tables have turned. According to CMHC in January 2023, the only 13% of new mortgages were at a 5-year fixed rate or more while 1-3 year made up 36% of new mortgages. There are a few reasons why the 1–3-year term offers some appeal… for starters, there’s the hope of rates decreasing in the next few years. However, it can still be a gamble as if the rates do not decrease or worse, they get higher, the advantage of the shorter term really gets lost. For some, it’s the flexibility of their future. With buyers having to downsize their expectations, many buyers will find themselves looking to make a move in a shortened timeframe and it avoids costly penalties of breaking a 5-year term. Finally, it boils down to affordability. Looking at rates and how they’ve impacted younger buyers 1–3-year terms can offer a more budget friendly approach. No matter your situation, mortgages are not necessarily a one-size fits all. It’s important to sit down with your mortgage specialist to determine the best option for your needs. <o:p></o:p></span></p>JM Edwards Real Estatehttp://www.blogger.com/profile/02742321892864854932noreply@blogger.com0tag:blogger.com,1999:blog-585484804421418602.post-49776147009592473322023-07-09T09:00:00.001-04:002023-07-09T09:00:00.171-04:00You Were Asking: Leasing Trend<p><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgT_5x8qIlhvL7c3j-AsRccezoYLYXiT9A2jBNV0qCJAfnkM1JkshRMKi3GC-XNMLvsxEMejZbBTdzLURRDyWV9twjLupPVnUcbOtBs9QNAo5_IE2fgSAc9QOapmzfS6kPdXWRCjB6yNERL2HM2ap16-Ap63VgGKRMo8ac61AiDmBlizYlmzE7B1EVNz20/s1366/2.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="768" data-original-width="1366" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgT_5x8qIlhvL7c3j-AsRccezoYLYXiT9A2jBNV0qCJAfnkM1JkshRMKi3GC-XNMLvsxEMejZbBTdzLURRDyWV9twjLupPVnUcbOtBs9QNAo5_IE2fgSAc9QOapmzfS6kPdXWRCjB6yNERL2HM2ap16-Ap63VgGKRMo8ac61AiDmBlizYlmzE7B1EVNz20/w400-h225/2.png" width="400" /></a></div><span lang="EN-US" style="border: medium; font-family: Arial, sans-serif; font-size: 12pt;">It’s no secret, after numerous interest rate hikes and an affordable housing crisis, the trend of leasing has skyrocketed. Sure, leasing has always been a part of the territory, but a large segment of rentals was predominantly private. Understanding the laws and regulation of leasing properties really is somewhat of a specialty unto its own. The leasing landscape has become increasingly competitive and generally quite expensive in our region. It’s important as someone looking to lease, you afford yourself the time to secure a suitable property. It’s become increasingly difficult for those who do not fit into the ‘ideal tenant’ box and a lack of rental availability generally. For landlords, it’s a delicate balance ensuring their interests and investments are protected along with carefully following the Residential Tenancies Act. Even Buyers and Sellers are feeling the impact with struggles providing proper eviction notices under the Act or in some cases, even providing vacant possession at all. Just because you’ve asked for vacant possession, doesn’t mean a seller can provide it. With backlogs at the Landlord and Tenant Board, issues between lessors and lessees are delayed months, in some cases longer, which has caused a ripple effect into the real estate market. </span><p></p>JM Edwards Real Estatehttp://www.blogger.com/profile/02742321892864854932noreply@blogger.com0tag:blogger.com,1999:blog-585484804421418602.post-15323519841422935362023-07-08T08:59:00.001-04:002023-07-08T08:59:00.152-04:00You Were Asking: Land Lease Communities<p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj5eKKHrUvCba-fUsE3OZ39J-n-Hqt6DnQks-ibVgeHMnb1WSPPNHs4D0LbF7Qa2kvhFX-pks4ZUssHlgPe02_PFp_hYFOv3ep3dG2M0uCQC93GFjXotaO607X7jHF9peQ-q08OG9X5ZcyLrnziBMAHRy7TPkXOEwB9jRbZSFblqD5LA3Y0Q1C5jGc_fXM/s1366/3.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="768" data-original-width="1366" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj5eKKHrUvCba-fUsE3OZ39J-n-Hqt6DnQks-ibVgeHMnb1WSPPNHs4D0LbF7Qa2kvhFX-pks4ZUssHlgPe02_PFp_hYFOv3ep3dG2M0uCQC93GFjXotaO607X7jHF9peQ-q08OG9X5ZcyLrnziBMAHRy7TPkXOEwB9jRbZSFblqD5LA3Y0Q1C5jGc_fXM/w400-h225/3.png" width="400" /></a></div><p></p><p class="MsoNormal" style="border: medium; font-family: "Times New Roman", serif; margin: 0cm;"><span lang="EN-US" style="border: medium; font-family: "Helvetica Neue"; font-size: 11pt;">For some, downsizing into a small bungalow or even a townhome just simply isn’t an option. With rising home prices, a rapidly aging population and limited incomes being what they are one alternative that has grown in popularity is the concept of a Land Lease Community. In these communities, often geared toward 50+ residents, it offers the opportunity to fulfil their downsize dreams at a fraction of the cost of freehold ownership. The catch? You do not own the land your home resides on, rather, you are leasing for a monthly fee. In truth, the idea is not that dissimilar to condominium ownership, financially. You purchase the home and pay a monthly fee that covers the rent and maintenance of the land. In turn, prices can be much more attractive given you’re not factoring in the cost of land. You also have access to a host of shared amenities and, pay property taxes as a community… resulting in lower tax rates than if you were to purchase freehold. Why would this appeal to downsizers? For the cost.. it could mean the difference between a balcony or a front and back yard or driveways and garages instead of underground parking. It allows the same sense of community, offers a more private atmosphere and given their proximity to our area allows owners to remain close to major amenities, services and even grandkids. <o:p></o:p></span></p>JM Edwards Real Estatehttp://www.blogger.com/profile/02742321892864854932noreply@blogger.com0tag:blogger.com,1999:blog-585484804421418602.post-88105840012043023402023-07-07T08:57:00.001-04:002023-07-07T08:57:00.152-04:00You Were Asking: Eggshell Market<p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjEWeZzkU6cO_7-h-0y4M5iEZUURVXW81wriNI0bnSCLkenzX5BRJ_miFLieU-7No39hTMB0YrwqvILAeM_c5Q5LuxbCkA9Y7YqlIwIWymL4alSSJRiy8O0SOWOfY27wHlGx_30x87LjigJn9ntCSqQ_8sieZQ0LR0ZWwTyCe0BGJuBzI7CRtNA3Vw_5lc/s1366/4.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="768" data-original-width="1366" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjEWeZzkU6cO_7-h-0y4M5iEZUURVXW81wriNI0bnSCLkenzX5BRJ_miFLieU-7No39hTMB0YrwqvILAeM_c5Q5LuxbCkA9Y7YqlIwIWymL4alSSJRiy8O0SOWOfY27wHlGx_30x87LjigJn9ntCSqQ_8sieZQ0LR0ZWwTyCe0BGJuBzI7CRtNA3Vw_5lc/w400-h225/4.png" width="400" /></a></div><p></p><p class="MsoNormal" style="border: medium; font-family: "Times New Roman", serif; margin: 0cm;"><span lang="EN-US" style="border: medium; font-family: Arial, sans-serif;">After being in business for over 40 years, that gives us the benefit of seeing our fair share of market ups and downs over the last 4 decades. What has been interesting coming out of the last year is that many buyers, sellers and even some Realtors too, are finding their footing for the first time. Every listing, every offer, every negotiation, seems to come with its unique set of challenges both ahead and after sale… we’re all walking on eggshells. For Realtors, there’s a cohort of newly licensed reps who have (sorry to say) never experienced a downturn market. They are learning the return to basics, to manage listings in an entirely new way and to really negotiate for the first time. For buyers and sellers, there’s an entire generation who has not experienced a recession nor bought or sold in real estate period. Further, you have rate increases to a level really squeezing the pocketbook of many buyers. With everyone feeling the pressures of inflation it becomes a delicate balance of managing personalities, bottom lines, and expectations all around. The last several months have been significant on a global and local scale, and real estate has been no exception.<o:p></o:p></span></p>JM Edwards Real Estatehttp://www.blogger.com/profile/02742321892864854932noreply@blogger.com0tag:blogger.com,1999:blog-585484804421418602.post-28632318820268598902023-07-06T08:57:00.000-04:002023-07-06T08:57:02.624-04:00Market Conditions and Fall Forecast<p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiGh-ZNNi9FbQE754pRj6w7zQQ872QO091pM4nuggJIwr3iNGVVn3Q-PSp9wbpw_jgh8zj4FwR3lWu3Ag6z-f6hJWT0uTwm5mXoSTzQTmm60CTUqqWapEI8JQ-bFZGfucYSNPWrCQVMpioisuJmowz1NpDfxSap3fBlv6F-IEsHSn_Fwywr-lQfhVnwi1Q/s1366/5.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="768" data-original-width="1366" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiGh-ZNNi9FbQE754pRj6w7zQQ872QO091pM4nuggJIwr3iNGVVn3Q-PSp9wbpw_jgh8zj4FwR3lWu3Ag6z-f6hJWT0uTwm5mXoSTzQTmm60CTUqqWapEI8JQ-bFZGfucYSNPWrCQVMpioisuJmowz1NpDfxSap3fBlv6F-IEsHSn_Fwywr-lQfhVnwi1Q/w400-h225/5.png" width="400" /></a></div><br /><span style="font-family: Arial, sans-serif; font-size: 12pt;"><br /></span><p></p><p><span style="font-family: Arial, sans-serif; font-size: 12pt;">The spring market felt late to emerge this year and really came in like a lion. After months of waiting for rate hikes to really set in, many seemed resolved to the fact that the market was not going to “bottom out” any further as everyone was hoping for. This brought in a fresh new wave of buyers and sellers into a market where inventory was low. In some price points we saw the return of offer holds, competitive bids… even back to double digit offer submissions, in some cases. Yes, the price low to sell high strategy returned but didn’t necessarily generate the figures expected this time around. Those in more remote areas are seeing the market cool in full effect, with longer days on the market and fewer showings generally despite the lure of affordability. For some, the choice of leasing was of greatest appeal, with rental markets in the area really seeing the biggest boost. With a recent surge in market inventory, and another rate increase, it feels as though we will be approaching a slower summer market whether we like it or not. Households are feeling the pressure of the rising cost of living while warmer weather tends to focus our attentions on the summer vacation season. Given the last two fall seasons varied so greatly, it’s really a toss-up of what lies ahead come Fall.</span></p><p class="Body" style="border: medium; font-family: "Helvetica Neue"; font-size: 11pt; margin: 0cm;"><span lang="EN-US" style="font-family: Arial, sans-serif; font-size: 12pt;"><o:p></o:p></span></p>JM Edwards Real Estatehttp://www.blogger.com/profile/02742321892864854932noreply@blogger.com0tag:blogger.com,1999:blog-585484804421418602.post-2838427933456226022023-04-26T08:28:00.003-04:002023-04-26T08:28:25.868-04:00The Spring Newsletter Is Here!<br />
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JM Edwards Real Estatehttp://www.blogger.com/profile/02742321892864854932noreply@blogger.com0