In 2016,2017, and now in 2018 You will hear about a SELLER'S MARKET in Ontario real estate. This is a term used to describe that in a simple supply-demand scenario that there are MORE BUYERS THAN SELLERS. That's it. That's all.
However, the implications are far more complicated than the term suggests. A few things that happen in "Seller's markets"
CBC Marketplace recently aired a program on TV showing hidden camera footage of real estate professionals in Ontario breaking the rules while representing their seller clients to potential buyers. Representing both the Seller and Buyer in a real estate transaction is called Multiple Representation, or 'double ending' a deal. This practice is common...
There are many waterfront homes and recreational(cottage) properties that don't fit the stereotype of Goldie Hawn, Pro Athletes, and BaySt/Wall St. power-players. Where do you buy if you don't have a huge budget, but can afford to invest in a cottage property? Lake Muskoka, Lake Joseph, Lake Rosseau, Lake Vernon, Fairy Lake, Lake of Bays are some o...
I get asked this question "When is the best time to sell my Muskoka cottage" along with "When is the best time to sell my Muskoka cottage?"
for SELLERS:
Your cottage is most attractive to potential Buyers DURING COTTAGE SEASON. I know this may seem obvious, but some people don't want to show their property while they are trying to enjoy the cottage...
Occasionally, when selling a house, or bringing a buyer to a property, we come across what is referred to as a 'stigma' associated with the property or area. Examples include:
the property was used in the ongoing commission of a crime (e.g., drug dealing, chop shop, brothel);
I have just accepted a conditional offer on my house. Can I still look at other offers?
January 9, 2016 --FROM R.E.C.O. website
When you decide to sell your home, you can look at as many offers as you want.Even if you accept a conditional offer, you can look at others because the conditional offer is not final and binding on you and the buyer until a...