Real Estate Information Archive

Blog

Displaying blog entries 1-10 of 26

Do Open Houses Still Help to Sell Homes?

by Claire Franceschetti
Technology has changed the way property is bought and sold. Over 90% of buyers use the internet to start the search for a new investment property or to check out the competition before deciding to list a property for sale. Keeping up to date with new marketing tools is crucial, and a major part of my role as a selling Realtor. 

But buying and selling property is still very much a people business and I believe there are valuable opportunities for investors, sellers and Realtors to connect at open houses.

When you start your hunt for a new investment property, you may need to collect ideas of what you want. Listings online or on paper only tell you so much. Getting a sense of a property's space is one important aspect, but so too is the neighbourhood.

If there is an open house in the neighbourhood in which you want to buy, I recommend that my buyers attend. Even if you don’t love that particular house, it's an opportunity to see what your budget will buy in the area and to question the real estate agent about the local scene and amenities. If you are lucky, you may even overhear comments from other attendees about the property, neighbours and neighbourhood.

Doing research on the many housing styles, neighbourhoods, and by questioning several real estate agents in the area will also help you better define your needs and housing wish list when it’s time for you to put in an offer.  

Open houses have been a corner stone of selling property for many, many years. It’s a tested and true methods of selling a home and meeting potential buyers. I have met a wide variety of people during open houses – from the nosy neighbours and open house junkies to first-time buyers and some who later became my new clients.

The "looky-loo" type of house buyer does exist at open houses. But that shouldn't be used by agents as an excuse against open houses and that shouldn't deter investors from going to an open house to learn more about the property and the neighbourhood.

There may be people who are just attending an open house  to pass the time, but for every one of those types, in my experience, there are more attendees who are genuinely looking for a new property or for ways to improve their own before listing it for sale.

Adapting sales strategies to meet the changing demands of the online market is one aspect of real estate success, but so is connecting with people. Open houses are a great way to do that because you never know when you’re going to walk into your next investment property.

Market Watch Video: August IT WAS HOT!!!

by Claire Franceschetti

July TREB Video Update!

by Claire Franceschetti

Good News! Steady growth in market for the balance of 2013 is still projected for the Toronto real estate market. 

June Market Watch Update...Watch this Video!

by Claire Franceschetti

Sales down, but prices continue to increase. Prices up 5% because the supply of homes for sale has decreased. Competition is still high among buyers, and this trend is projected to continue. 

Toronto Real Estate Update for May 2013

by Claire Franceschetti

Here's what's happening with Real Estate in our market. 

 

Real Estate Update: What Happened in March?

by Claire Franceschetti

Here's a brief word from the Toronto Real Estate Board's chief economist about what's happening with Toronto's real estate market.  

Overall, the number of sales have decreased about 17% over last year, but the average price continues to increase. Click on this link for more details!

 

Newest Kleinburg Exclusive Listing: 175 Donhill Cres.

by Claire Franceschetti

 

Please enjoy my latest Kleinburg Listing. This beautiful, mature property is only being offered Exclusively. If you would like to see it, please give me a call!

And remember, just like these sellers, if I sell you home, I will move your for Free! Please check out the Move for Free tab for more details.

Enjoy!

Trouble with Home Appraisals

by Claire Franceschetti

In recent months, the major banks in our market have begun to tighten their lending rules. It follows too that with the market coming into balance, banks are now seeing a greater level of risk in granting mortgages because the values of homes may not continue to appreciate at the record braking rates of yesterday.

With a balanced or declining market, banks can be left holding mortgages for homes that were appraised too highly. As a result, they are trending towards "In Person" appraisals over the standard, quick automated appraisal of yester years.

Here's the bank's perspective on their changing method of home appraisals. 

If you are refinancing expect a home visit by an appraiser. It's the reality of today's uncertain market.

What's the Market Doing?

by Claire Franceschetti

I know there have been many conflicting reports and the media has been spinning some very negative stories in the news. Well, the market is still chugging along and sales are UP!

Greater Toronto REALTORS® reported 1,469 sales through the Toronto MLS system during the first two weeks of January 2013. This result represented an increase of 2.4 per cent over the 1,435 transactions reported during the same period in 2012.

I’ll keep an eye on things as the month progresses and report back to you early in February. What we ARE seeing is that the number of new listings coming on the market is a bit higher which will increase the inventory and give more choices to the buyers. Sellers and their agents will need to be aware of this. The great news is that the sellers who stick close to the real market value, still have a great chance of selling ... contrary to what you may hear or see in the news.

Who do you listen to? There are multiple opinions on what’s going on out there. If you’re confused and want to get a clearer picture, please give me a call. If you know anyone who needs help with real estate and is looking for a good agent, I have one in mind!

November Sales Numbers are In...Here's the Data!

by Claire Franceschetti

Here is the monthly sales report from TREB. Overall, the number of residential sales is clearly down over last November, but surprisingly, prices continue to increase. Click on the link to see Brian Mercer's summary. If you'd  like a full report emailed to you, please drop me a note. I would be happy to send it your way!

 

Displaying blog entries 1-10 of 26

Contact Information

Photo of Claire Franceschetti Real Estate
Claire Franceschetti
Right At Home Realty Inc.
190 Marycroft Ave.
Vaughan ON L4L5Y2
Direct: 416-918-6325
Office: 416-391-3232
Fax: Fax: 416-987-8001