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Posts Tagged ‘buyer’

How to Handle the Family Ties that Bind

Friday, February 7th, 2020

There are potentially dozens of reasons to select a real estate agent. Having one that also happens to be a friend, neighbour or family member is not an uncommon occurrence and that’s why many consumers feel the pressure to choose someone they know.

 

But many real estate gurus say that’s unwise for a number of reasons. Disagreements could put an end to a valued friendship or perhaps your friend/agent will begin to resent you because of the discount or kick back you’ve requested on their commission. Another possibility is that your agent doesn’t view you as seriously as his other clients and may put in less time house hunting or drumming up buyers. They also may have a more difficult time telling you the truth — that your house isn’t worth what you think it is, for instance. Finally, if you get to a point where it’s time to break up with your realtor/friend how do you do that without any hard feelings?

 

But for those who feel compelled to retain an agent with whom they’re already comfortable, what happens when you have competing realtors in your life? How do you choose one over the other without offending the unsuccessful candidate? How do you break the news to Cousin Bernie that you’ve decided to go with your sister-in-law Alice?

 

Let’s look at ways to break it to them gently:

 

Fictionalize it — You could start by lying. While that’s not always the recommended course of action, sometimes a little white lie is your best line of defense. Imagine telling your neighbour/realtor that you’ve decided to retain your nephew, a rookie real estate agent, due to the fact that your neighbour’s breath could topple the C.N. Tower. Better to bow out gracefully with a wee fib. In this instance, you could take advantage of your nephew’s inexperience by claiming that you’re trying to help out your relative and that’s why you decided to hire him.

 

Blame your spouse — This strategy is a classic for good reason. By pointing a finger at your better half, you, in effect, tell people that you are being held hostage based on your partner’s choice, however different it may be than yours. The beauty of this game plan is that you end up looking like the sympathetic supporter, unlike your spouse, who is likely viewed as something of a villain.

 

Be Honest Abe — The truth can hurt but it also sets you free. If you have the strength of character to weather chilly responses and cold shoulders, this is likely a good pick for you. You never have to look over your shoulder or struggle and squirm to remember your white lie when you invariably run into your Aunt Maude at Thanksgiving dinner. This option is a tough one but it’s worth it given the peace of mind it leaves you with.

 

Pick a Pro over Blood — Because home buying is such an emotionally charged transaction involving big, life-changing amounts of money, the process can be highly volatile and there is little room for mistakes. Giving your best friend’s daughter a break will earn you brownie points for sure, but may not be in your best interest in the long run. Same for hiring a friend or relative who doesn’t work relatively close to your area. Regardless of the relationship, you need a professional who lives, eats and breathes real estate and understands the local market, including everything from schools and shops to local issues and housing inventory.

Spring Never Looked So Good

Friday, February 28th, 2014

When realtors and business media go on and on about there being a hot real estate market in which bidding wars on homes are the norm do you, as someone who’s been out of the real estate market for some time, think it’s all a bunch of hooey designed to provoke people into a flurry of buying and selling?

We understand your suspicion. But truthfully, the upcoming spring real estate market may simply be the best time to sell your house thanks to the swelling fervour of Toronto buyers.

Recently, one of our listings for a single-family home near the AGO generated 28 offers to purchase. In the end, the home sold for $500,000 over what the owners were asking.

That’s right, we said $500,000 over the asking price.

With that many buyers and so few sellers, prices are being pushed through the roof. Selling your house now may be as good as it’s going to get.

At Freeman, you’re sure to get an intelligent sales strategy for selling your property thanks to our 40-plus years of experience in the Toronto housing market. That know-how permeates everything we do, from offering free evaluations and a plan of action as to how we’ll execute your sale, to getting the greatest value for your house and doing so in a fashion that creates the least amount of worry and hassle for the seller.

Our track record from the number of days it takes to sell a property to the average sales price to how much over asking we typically receive beat the Toronto Real Estate Board’s numbers every time during 2012 and 2013.

“We want it to be easy for you,” says Elden Freeman, “and we want you to feel comfortable especially now when you can get caught up in a frenzy or excitement of the current marketplace.”

According to the Toronto Real Estate Board’s Jason Mercer, the outlook for sales for this year is positive with 89,000 transactions forecasted for the Toronto MLS system.

While house prices will grow by about six per cent with an average price set at $555,000 for 2014, the competition for those houses is expected to heat up even more. That’s because the number of listings on the market will remain limited.

We understand that it’s natural to be doubtful about the real estate market as it is today with record sales figures and multiple bids. Selling your home is a big step, whether you’re planning to downsize, move up or make a lateral move.

As realtors with an outstanding track record, we’re here to help you through the process each step of the way.

 

 

 

 

 

 

 

 

 

 

The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the Toronto Real Estate Board. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.