March 31, 2014 3

Mortgage

Monday Morning Quarterback: Ready, Set, Rate War!

“War.  Aaah.  Huh.  What is……it good for?”

(absolutely nothing)

Unless, of course, you’re a buyer in today’s Toronto real estate market.

Surely you noticed that the 5-year, fixed-rate dropped to 2.99% last week via several financial institutions.

But before you get all excited, thinking that houses are going to be more affordable, consider whether or not lower rates will lead to higher real estate prices…

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March 28, 2014 12

Stories!

Making “The Call”

I dread making “the call.”

It’s the one part of this business that after ten years, I still am not comfortable with.

Buying a house is an incredibly emotional journey, and in today’s market, buyers are put through the wringer in their quest to finally sign on the dotted line, and close on a deal.

And when they lose in multiple offers, I have to call them and let them down easy.

I absolutely hate making “the call”….

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March 26, 2014 12

Opinion

Most Overused & Overexaggerated MLS Terms

Part one of this 2-part blog series was fun, but fun with words is nothing compared to fun with actual phrases!

Words are already existing.  They’re just misused, and overused.

Phrases are something that Realtors put together themselves, and it wouldn’t be out of the question to suggest that we Realtors like to invent terms that have no meaning, or invent terms and then misuse them.

Have a look, and as always, please feel free to add to the list…

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March 25, 2014 14

Opinion

Most Overused & Overexaggerated MLS Words

One simple blog post does NOT do justice to the sheer amout of over-used adjectives, descriptions, buzz-words, catch-phrases, and sayings that we see on MLS on a daily basis!

So with that in mind, I’m going to break this down into two blog posts over the next two days:

1) Over-used words
2) Over-used phrases

Words can be adjectives used to describe features, verbs that tell you how to enjoy the property, or nouns that are so-called “features” within the home.

The phrases are a whole other ballgame, which we’ll see in tomorrow’s post.

Let’s have some fun with this!  And I guarantee you’ll want to add your two cents by the end…

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March 24, 2014 7

Business

End Of The Bully Offer?

Over the course of the last decade, and specifically the last five years, many buyers have been successful with “bully offers” when in the midst of a red-hot market, where houses are selling in multiple offer situations.

Well here we are in the spring of 2014, and I’m starting to think that bully offers are dying out.

Sure, we still see a handful of houses sell before their scheduled offer dates via bully offers, but I feel as though the overall effectiveness has been reduced to merely a fraction of it once was.

Let’s look at some of my recent experiences…

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March 21, 2014 11

Business

Why NOT To Use An Out-Of-Town Real Estate Lawyer

The problems are inherent before you even pick up the phone.

And time and time again, I see issues with people who either try to save a few bucks on a lawyer, or want to use their family friend to review a Toronto condominium’s Status Certificate.

My most recent experience was somewhat frustrating, but more sad than anything.  I felt bad for the buyer (who wasn’t my client), whose dreams of living downtown were crushed for no good reason.

Call me biased, but here’s my account…

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