Tag Archives: real estate agent

Elegant home situated, neighboring historic Peanut Park in Cresentwood /River Heights.

Stately and solid with beautiful woodwork. Unique open spaces with an abundance of natural light in this elegant home. Ideally situated, neighboring historic Peanut Park in Cresentwood /River Heights. 70 Kingsway

Grand, designer-influenced entrance with multiple, leaded glass French doors. Spacious living and dining rooms with gorgeous quarter-cut dark oak hardwoods. Living room leads into a comfortable 4-season sunroom. Large eat-in kitchen beside bar with granite counter.

70 Kingsway 70 Kingsway 70Kingston0027 70Kingston003270 Kingsway

Delightful mezzanine family room with vaulted ceilings and classic brick, wood-burning FP with expansive windows with wide oak trim. 3 fireplaces. 4 Large bedrooms & 2 baths on 2nd level

Follow the link for more information on this Home at  70 Kingsway Ave by clicking on the address.

Six ways to boost your credit score — From Peter Paley Winnipeg Mortgage Broker

Six ways to Boost your credit - nov2015
Six ways to boost your credit score
Your credit score is essentially your passport to financial opportunities. With a possible range of 300 to 900, your number tells lenders what kind of a risk you are likely to be as a borrower.
A low credit score can prevent you from getting the lowest mortgage rate, or even from getting a mortgage at all. That’s why it’s important to know the six credit behaviors that can keep your score high, or give it a boost!

  1. Know what you’re working with. Get a copy of your report and see what your lender sees. Credit reports can be ordered for free through the mail or, for a small fee, online at www.equifax.ca
  2. On time, all the time. The single biggest factor in your credit score is having a timely bill payment history. Start today with a commitment to never let a bill get past due.
  3. Know your limits. Your credit score is based on your balances relative to your available credit. Look at your credit limits and try not to use more than half of the available amount.
  4. A longer history is better. Don’t cancel your oldest credit card. In fact, get advice before you cancel any cards. A long steady history of using cards responsibly demonstrates trustworthiness.
  5. Be selective. When you’re asked “would you like to apply for our Store Card to save $X dollars on your purchase?” Don’t do it. These pitches can be a credit pitfall. Regularly looking for more credit will flag you as a potential credit risk.
  6. Keep it balanced. Creditors like to see that you can handle a wide variety of credit types.

I would be happy to review your situation. If you need to improve your score, I can outline your best options for credit improvement. If you want to get a mortgage while you work on bettering your score, I can also advise how that may be possible.


Financial Comfort & Joy

It’s tempting to overspend at this time of the year so take a quick assessment of your financial situation before you get started on your holiday shopping. It can help make sure you don’t suffer from “plastic shock” when your credit card bills arrive in January. Are you carrying too much credit card or other high interest debt? Are you struggling to keep up with your monthly obligations?

If so, it might be worth having a conversation about streamlining your finances now, before the holidays are upon us. You may be able to take advantage of today’s great rates to consolidate your debts into a smart plan with sensible payments. If you are worried that your locked-in mortgage means your options are limited, I can do a quick review.
There’s a good chance the savings each month will far outweigh any penalties. Give me a call. I love to help at this time of year. Financial comfort and joy: what a wonderful gift!
paley mortgage team feb 2015


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3 things that do or don’t change with a Bank of Canada rate cut

paley mortgage team feb 2015



Your Home & Mortgage
When you’ve got “rate envy”, does it make sense to refinance?Who would have believed that mortgage rates would have such a continued downward trend? Mortgage shoppers are looking at some of the lowest rates in history, and many homeowners with existing fixed-term mortgages are experiencing some “rate envy” about today’s rock bottom rates.It might be worth a conversation about your options.
Typically, we think of a fixed term mortgage as a non-negotiable contract. And it’s true that there are financial penalties to re-negotiate. But, many clients have been asking for a mortgage analysis – a detailed look at the penalties versus the payoffs – to determine whether it’s worth refinancing.
What does it cost to get out of your existing mortgage? Generally, you can expect to pay the greater of either a) three months’ interest, or b) the interest-rate differential. The interest rate differential can be high in some cases; your mortgage lender will expect you to pay them the equivalent of what they will lose by releasing you from your mortgage and lending the money at current rates.
So is it worth it? For some homeowners it can be an important moment of opportunity, while for others, it may not be worth the costs involved. Most lenders will include the cost of the payout penalty and other costs into the new mortgage so you don’t have to be out of pocket to complete the transaction.
I would be happy to help you make a realistic assessment of your situation and help you determine if your benefit outweighs the cost. With rates where they are today, there’s never been a better time to talk.

3 things that do or don’t change with a Bank of Canada rate cut

  1. The prime rate in most cases will change, but lenders decide how much of that cut they will pass on to consumers, if any. If you have a variable mortgage, you are now paying less; sixty per cent of the two recent cuts are now reflected in lower variable rates. Take advantage and keep your payments the same so you pay off your principal faster.
  2. Fixed rates don’t, they are influenced by the bond market.
  3. Variable mortgage approvals don’t, they are based on a qualifying rate, which means your borrowing power likely won’t increase.

Thinking of falling into home ownership?
Let me help determine how much home you can afford and pre-approve you before you start shopping. We’ll also discuss downpayment options and all of the costs associated with buying a home. Don’t be tempted to rush into anything just because the holiday season approaches so quickly. It’s best to make sure you find the right house and stick with your budget. If you are thinking of jumping into homeownership this fall, let’s have a conversation!
Peter Paley new logo june 11,2013
Peter Paley Canadian Mortgage Award 2015

5 Reasons to Hire a Real Estate Professional Today !

5 Reasons To Hire A Real Estate Professional Today | Keeping Current Matters
Whether you are buying or selling a home, it can be quite an adventurous journey. You need an experienced Real Estate Professional to lead you to your ultimate goal. In this world of instant gratification and internet searches, many sellers think that they can For Sale by Owner or FSBO.
The 5 Reasons You NEED a Real Estate Professional in your corner haven’t changed, but have rather been strengthened due to the projections of higher mortgage interest rates & home prices as the market continues to recover.
1. What do you do with all this paperwork?
Each state has different regulations regarding the contracts required for a successful sale, and these regulations are constantly changing. A true Real Estate Professional is an expert in their market and can guide you through the stacks of paperwork necessary to make your dream a reality.
2. Ok, so you found your dream house, now what?
According to the Orlando Regional REALTOR Association, there are over 230 possible actions that need to take place during every successful real estate transaction. Don’t you want someone who has been there before, who knows what these actions are to make sure that you acquire your dream.
3. Are you a good negotiator?
So maybe you’re not convinced that you need an agent to sell your home. However, after looking at the list of parties that you need to be prepared to negotiate with, you’ll realize the value in selecting a Real Estate Professional. From the buyer (who wants the best deal possible), to the home inspection companies, to the appraiser, there are at least 11 different people that you will have to be knowledgeable with and answer to, during the process.
4. What is the home you’re buying/selling really worth?
It is important for your home to be priced correctly from the start to attract the right buyers and shorten the time that it’s on the market. You need someone who is not emotionally connected to your home to give you the truth as to your home’s value. According to the National Association of REALTORS, “the typical FSBO home sold for $208,700 compared to $235,000 among agent-assisted home sales.”
Get the most out of your transaction by hiring a professional.
5. Do you know what’s really going on in the market?
There is so much information out there on the news and the internet about home sales, prices, mortgage rates; how do you know what’s going on specifically in your area? Who do you turn to in order to competitively price your home correctly at the beginning of the selling process? How do you know what to offer on your dream home without paying too much, or offending the seller with a low-ball offer?
Dave Ramsey, the financial guru advises:

“When getting help with money, whether it’s insurance, real estate or investments, you should always look for someone with the heart of a teacher, not the heart of a salesman.”

Hiring an agent who has their finger on the pulse of the market will make your buying/selling experience an educated one. You need someone who is going to tell you the truth, not just what they think you want to hear.

Bottom Line:

You wouldn’t replace the engine in your car without a trusted mechanic. Why would you make one of your most important financial decisions of your life without hiring a Real Estate Professional?
Source: KeepingCurrentMatters.com

April resale activity healthy with year-to-date statistics positive across the board

Winnipeg real estate News Logo
The real estate market is either very, very good or really, really suspect, depending on which headlines you choose to read.
It’s difficult to decide what’s really happening from the sound bites, but the numbers on the resale market for the first four months of the year paint a fairly rosy picture, according to market reports provided by WinnipegREALTORS®.
Statistics for the first third of the year are up from comparable numbers last year, and last year recorded the fourth best resale numbers in the past 20 years and the best dollar volume ever through the Multiple Listing Service® (MLS®).
“Our numbers continue to support our forecast breakfast predictions,” said WinnipegREALTORS® president David MacKenzie. “In January we predicted that sales would be up from zero to two per cent year-over-year and home prices would increase by the same amount.
“And the January through April activity bears that out and then some.”
“The April MLS® listing inventory, the number of properties available for sale in Winnipeg, rose almost 36 per cent,” said Geoff McCullough, the executive director of WinnipegREALTORS®. “So buyers had more properties to choose from than last April (5,232), which indicates more balance in the marketplace.”
Listings entered into the MLS® system were also up 23 per cent over last April, with the addition of 2,837 properties this year.
Sales followed suit. The number of sales processed in the month was up close to four per cent from last April, with 1,273 sales recorded.
And dollar volume was up 8.8 per cent at $362.3 million.
The April numbers helped maintain positive year-to-date market statistics. There have been 8,336 listings entered on the MLS® system since January 1, which is up 25 per cent from last year.
And 3,538 sales have been recorded, which is up four per cent from the same period in 2014.
The January through April dollar volume is up 6.5 per cent at $962.4 million.
President David MacKenzie said market activity was positive in the first four months of this year.
“We often say that real estate is local with national averages and trends meaning very little,” he said. “Our market is our market.
“And even within our own market activity is local,” added MacKenzie. “What’s trending in Island Lakes will not necessarily be mirrored in the North End. I know of some MLS® areas where offers are few and far between while in other pockets of the City, multiple offers are still happening.”
He went on to say that in April, 22 per cent of residential-detached homes sold for more than list price, 8.5 per cent sold at list, while 69 per cent sold below list.
For condominiums, almost 11 per cent sold above list, 18 per cent sold at list and 71 per cent sold below list.
The most active price range in April for residential detached homes was between $250,000 and $299,999 with 22 per cent of total sales. It was followed by the $200,000 to $249,999 price range with 16 per cent of all sales.
The average number of days for a listing on the market was 27 compared to 26 last April. The highest priced residential-detached sale fetched $1.59 million and the least expensive sale was $8,000.
The most active price range for condos in April was between $150,000 and $199,999, representing 25 per cent of all sales.This price range was closely followed by the $200,000 to $249,999 range with 22 per cent of total sales.
The average number of days on market for condos was 49 compared to 38 last year. The highest-priced condo in April went for $630,000 and the lowest priced sale was at $244,579.
MacKenzie said Winnipeg is the second cheapest place in Canada to buy a home ($281,269 average price), due to plentiful inventory and has a healthy housing market, despite a recent Canada Mortgage and Housing Corporation (CMHC) report that rated the local market as “high risk.”
“In Winnipeg, the risk is overvaluation and overbuilding,” according to the CMHC report, which also rated Regina as “high risk.”
On other hand, CMHC indicated Vancouver and Toronto, where the average bungalow costs over $1 million, were both judged as “low risk.”
Source: Winnipeg Real Estate News

Low mortgage rates helped contribute to a March home sales increase over last year

Apr 09, 2015

Historically low interest rates were among the factors that contributed to an MLS® sales upswing in March, according to a recent statistical market report issued by WinnipegREALTORS®.
Sales last month were up nine per cent when compared to March 2014.
“Our mortgage brokers are telling us that we have likely not seen rates as low as we now have since the 1950s and 1960s,” said WinnipegREALTORS® president David MacKenzie.
Today’s mortgage rates include offerings obtained by mortgage brokers for as low as 2.59 per cent on a five-year fixed-rate mortgage.
Mortgage brokers act on behalf of clients to negotiation with banks and other financial institutions to obtain the best interest rate available for their clients (not everyone qualifies for the lowest possible rate). Typically, although not in every instance, a mortgage broker’s fee is paid by the financial institution which issues the mortgage.
In addition, charter banks are in a competitive mortgage environment which has seen rates drop to 2.74 per cent for the same mortgage type and timeframe.
A recent CIBC poll showed that mortgage borrowers don’t expect rates to go any lower, and are opting for longer term fixed-rate mortgages for financial peace of mind by knowing what their monthly payments will be four or five years from now.
“Conditions are ideal for buyers to take advantage of a healthy supply of listings and historically low mortgage rates,” added MacKenzie.
“The more balanced market has kept prices totally in line with last year, so affordability remains a real strength of our local market compared to other Canadian cities.”
New MLS® listings entered in March rose by 33 per cent, while active listings, or existing inventory, were up 29 per cent to 4,338.
“You have to go back to 1999 to find as many listings available for sale at this time of year,” said WinnipegREALTORS® market analyst Peter Squire, “and back to 1995 when there were more new listings entered on MLS® in March.”
Squire said whatever property is being sold on the market is being replenished by new listings being entered on the system.
“New and available listings continue to be impressive when compared to last March,” added Squire.
During the first quarter of this year, 5,499 listings were entered on MLS®, an increase of 37 per cent over the 10-year average.
WinnipegREALTORS® reported MLS® dollar volume was up 11 per cent to $276 million on 1,005 transactions over last March.
The 10-year average for March sales is 1,025 units sold.
Year-to-date sales to the end of March increased by slightly less than five per cent to 2,265 units, while dollar volume was up just over five per cent to $600 million when compared to the same period in 2014.
Squire said 70 per cent of residential-detached single-family home sales went for below list price, while 71 per cent of condominiums sold below list price in March.
Twenty-one per cent of single-family homes sold above list price, while nine per cent sold at list price.
For condominiums, 15 per cent sold above list price and another 14 per cent sold at list price.
The most active residential-detached price range in March was between $250,000 and $299,999, which accounted for 19 per cent of total sales. The price range between $200,000 and $249,999 was next with 18 per cent of sales.
Squire said three out of four residential-detached sales in March were between $150,000 and $350,000.
The busiest price range for condos was from $150,000 and $199,999 with 29 per cent of all sales. The price range between $200,000 and $249,999 had 25 per cent of sales last month.
Meanwhile, Canada Mortgage and Housing Corporation (CMHC) is increasing its homeowner mortgage loan insurance premiums for home buyers with less than a 10-per-cent down payment by approximately 15 per cent, effective June 1. For the average home buyer with less than a 10 per cent down payment, it will result in an increase of approximately $5 to their monthly payment.
The premium increase is not expected to have a material impact on housing markets, and the rate will not affect those with higher than 10 per cent down payments.


Source: WinnipegRealEstateNews

Twelve good reasons to use a real estate professional

Mar 12, 2015

While putting together a column on how different local markets are across the country based on the average selling I came across a good piece by the Newfoundland and Labrador Association of REALTORS® on why to use a REALTOR®. Whether in St. John’s or Winnipeg, the following 12 reasons to use a REALTOR® apply equally in both cities despite different local market conditions applying to MLS® market activity and pricing.
As an aside, REALTORS® in Manitoba will be sharing their expertise on all aspects on buying and selling a home at the upcoming 2015 Home Expressions Show from March 27 to 29 at the RBC Convention Centre. WinnipegREALTORS® and the Manitoba Real Estate Association are the presenting sponsor of this year’s show.
REALTORS® will be on hand at a 600 -square-foot exhibit on the third floor to answer any questions people may have on real estate. One important point that will be covered at this show is: What are you doing to maintain your most important investment, so that when it does come time to sell you are well positioned to get top dollar for your home?
Since today’s complex market demands expertise and resources not available to the average consumer, there are many compelling reasons why you should enlist the professional services of a REALTOR®:
1. Your REALTOR® has many resources to assist you in your home search. Sometimes, the property you are seeking is available but not actively advertised in the market, and it will take some investigation by your agent to find all available properties.
2. Your REALTOR® can help you determine your buying power; that is, your financial reserves plus your borrowing capacity. If you give a REALTOR® some basic information about your available savings, income and current debt, he or she can refer you to lenders best qualified to help you. Most lenders — banks and mortgage companies — offer limited choices.
3. Your REALTOR® can assist you in the selection process by providing objective information about each property. Agents who are REALTORS® have access to a variety of informational resources. REALTORS® can provide local community information on utilities, zoning, schools, etc. There are two things you’ll want to know. First, will the property provide the environment I want for a home or investment? Second, will the property have resale value when I am ready to sell?
4. Your REALTOR® can help you negotiate. There are myriad negotiating factors, including but not limited to price, financing, terms, date of possession and often the inclusion or exclusion of repairs and furnishings or equipment. The purchase agreement should provide a period of time for you to complete appropriate inspections and investigations of the property before you are bound to complete the purchase. Your agent can advise you as to which investigations and inspections are recommended or required.
5. Your REALTOR® provides due diligence during the evaluation of the property. Depending on the area and property, this could include inspections for termites, dry rot, asbestos, faulty structure, roof condition, septic tank and well tests, just to name a few. Your REALTOR® can assist you in finding qualified responsible professionals to do most of these investigations and provide you with written reports. You will also want to see a preliminary report on the title of the property. Title indicates ownership of property and can be mired in confusing status of past owners or rights of access. The title to most properties will have some limitations; for example, easements (access rights) for utilities. Your REALTOR®, title company or attorney can help you resolve issues that might cause problems at a later date.
6. Your REALTOR® can help you in understanding different financing options and in identifying qualified lenders.
7. Your REALTOR® can guide you through the closing process and make sure everything flows together smoothly.
8. When selling your home, your REALTOR® can give you up-to-date information on what is happening in the marketplace. This includes the price, financing, terms and condition of competing properties. These are key factors in getting your property sold at the best price, quickly and with minimum hassle.
9. Your REALTOR® markets your property to other real estate agents and the public. Often, your REALTOR® can recommend repairs or cosmetic work that will significantly enhance the salability of your property. Your REALTOR® markets your property to other real estate agents and the public. Your REALTOR® acts as the marketing coordinator, disbursing information about your property to other real estate agents through a Multiple Listing Service® or other co-operative marketing networks, open houses for agents, etc. The REALTOR® Code of Ethics requires REALTORS® to utilize these co-operative relationships when they benefit their clients.
10. Your REALTOR® will know when, where and how to advertise your property. There is a misconception that advertising sells real estate. Studies show that a large percentage of real estate sales are the result of agent contacts through previous clients, referrals, friends, family and personal contacts. When a property is marketed with the help of your REALTOR®, you do not have to allow strangers into your home. Your REALTOR® will generally prescreen and accompany qualified prospects through your property.
11. Your REALTOR® can help you objectively evaluate every buyer’s proposal without compromising your marketing position. This initial agreement is only the beginning of a process of appraisals, inspections and financing — a lot of possible pitfalls. Your REALTOR® can help you write a legally binding, win-win agreement that will be more likely to make it through the process.
12. Your REALTOR® can help close the sale of your home. Between the initial sales agreement and closing (or settlement), questions may arise. For example, unexpected repairs are required to obtain financing or a cloud in the title is discovered. The required paperwork alone is overwhelming for most sellers. Your REALTOR® is the best person to objectively help you resolve these issues and move the transaction to closing (or settlement).
Source: Winnipeg real estate News Logo

Going pro – the benefits of using a Realtor

By Mark David  Mark David
When you hire a Realtor, you’re benefiting from the wealth of knowledge he or she has when it comes to buying and selling homes. Many may argue that a Realtor’s job is never done – they are constantly keeping up-to-date on new studies and keeping abreast of trends, statistics and selling techniques.
Real estate in Canada is governed by the Canadian Real Estate Association (CREA) and within that there are provincial governing bodies; further to that there are individual boards. All of these governing bodies have rules, regulations and codes of ethics that Realtors must adhere to. Realtors are responsible for constantly upgrading their knowledge and skills in order to maintain their status within their respective boards.
In addition to the educational component, Realtors are not nine-to-five employees – in fact, their devotion and commitment to selling houses reaches far beyond the ‘For Sale’ sign.
“Often sellers don’t realize the time commitment, and more importantly, the ability that comes with selling a property,” says Anna Michaelidis, sales representative and certified staging professional with Toronto’s Royal LePage Urban Realty. “Hiring the services of a professional Realtor means having someone, with the right skills and tools available seven days a week for as many hours as required. Proper pricing, preparing your home, showing and qualifying prospective buyers, negotiating price and terms as well as dealing with inspections, appraisals, financing and legal issues are only some of the key factors in executing the sale of a property in a legal fashion.”
Furthermore, Realtors also earn their commission by providing a number of services that a FSBO (For Sale By Owner) company doesn’t include – and that a lot of home sellers might not even think of.
“At Priscilla and Company Re/Max Vernon, we have a professional photographer who produces slide shows and videos, we have a qualified gentleman who accurately measures each home and draws floor plans for each home, we maintain our own personal websites complete with pictures, floor plans and specifications,” says Priscilla Sookarow, Priscilla and Company at Re/Max Vernon. “We have team of technicians working to keep our website front and centre. We participate in numerous other websites to ensure maximum global coverage, we advertise regularly in the local paper, MLS publications and various other media. We do a lot of research, visiting city and regional district offices to obtain maps, verify zoning and address building and environmental issues. Basically we strive to have the answer for any question a prudent buyer might have when they are viewing one of our listings.”
Top-producing Realtors also work niche markets, such as high-end homes, certain neighborhoods and investment properties – something you won’t find with FSBO companies.
“As such, their familiarity with their market places gives them exponentially more information about market values and connections to buyers than sell-your-own companies,” says Mike Milovick, sales representative for Prudential Grand Valley Realty. “I know, in my market place, no other seller has been involved in over 400 successful negotiations and has personally seen more than 4,000-plus properties I have been through. This experience is what a seasoned Realtor brings to the table.”
And, according to the statistics, all of this experience and hard work pays off – at least for the home seller.
According to Lind, the median home price for sellers who used an agent was $211,000 versus $153,000 for a home sold directly by an owner.
Getting a pro
The reason home sellers hire professional Realtors is much the same reason why we go to the dentist for a root canal or a mechanic to fix our transmissions – some jobs are just best left to the pros.
“How often have you heard the expression, ‘a man who represents himself in court has a fool for a lawyer,’” says Michaelidis. “Being represented by a professional makes all the difference.”
Realtors undergo extensive training and mandatory continuous education. They adhere to a strict code of ethics and standards of business practice. Realtors are monitored and protected under legislation from all levels of government because the buying and selling of property is a strict legal transaction; and when not done within the boundaries of the law, carries strict ramifications.
“Very few sellers would be acquainted with the appropriate laws or logistics of carrying out this execution properly – even with the assistance of a lawyer,” says Michaelidis. “Speaking of which, without a Realtor to ensure that all the elements are properly covered, a lawyer could easily overlook aspects of a deal, which may include peculiar details. This has been known to happen.”
FSBO sellers may think they’re scoring a deal by selling their home privately since FSBO companies advertise packages from $129 to $729. However, some FSBO sellers may not take into consideration the other expenses they’ll occur such as hiring a lawyer to prepare and review offers as well as hiring home stagers – a vital component to effectively selling a home.
“Home staging is one of the many services I offer home sellers and it is very costly,” says Lind. “Also, if it’s not done properly, it will not have the lasting impression that you want a potential home buyer to have.”
According to Lind, lawyer fees can run from $250 to $2,000 (depending on the extent of the offer), which is on top of the fees involved to close the deal. Home staging can cost even more.
“I’ve had a home staging quote for $9,000 as the home needed substantial work and furniture to be rented,” says Lind. “The typical fee just for a staging consultation is around $250 and the hourly rate is anywhere from $50-$125 per hour.”
Security is also a big factor that a lot of FSBO sellers don’t necessarily think about.
When a FSBO sellers hosts their own open houses, they really have no way of knowing what people are coming into their home; whereas when using an agent, all appointments are booked with brokerages and logged so that they know who came through their home and at what time.
“Theft is a potential problem,” says Lind. “Valuables such as jewellery, DVDs, video games and video game controllers have been known to be stolen (in FSBO open houses).”
Is the grass greener in FSBO sales?
When considering selling a home privately, FSBO sellers also have to consider how they will be perceived by consumers.
One of the possible negatives that might rise from consumers is that many home buyers don’t want to deal with FSBO sellers.
“The consensus is that the sellers are ‘fishing,’” says Milovick. “They’re overpricing their homes, advertising that they are not paying a Realtor commission and that they are simply not serious in selling. Consumers are also reluctant to deal with private sellers because they feel that if the property is not properly listed with a brokerage, there must be something to hide.”
Not wanting to buy a home directly from a seller also applies if the seller is a Realtor him or herself.
“They often feel awkward about approaching the seller/listing agent directly,” says Eric Klimstra, sales representative for Prudential Grand Valley Realty. In fact, when Klimstra wanted to sell his own Cambridge, Ont. home he even hired a Realtor even though he was more than qualified to sell the home himself and could have saved paying the commission.
“I chose to hire the best team in town to sell my house,” says Klimstra. “They knew the market more intimately that I did (even though I lived there for four years) and I knew that they would act as professionals and take the emotion out of the pricing and negotiation.”
Buying and selling a house can be an emotional venture. Certainly, as an investor, you’ve already been taught not to bring emotion to the negotiating table. Realtors can help ensure you don’t.
“It is simply impossible for a seller to have an objective eye towards their own homes,” says Michaelidis.
“Buyers are typically more attracted to a neutral environment so that they can see it themselves with their own tastes, should they purchase the listing. Needless to say, Realtors are in a better position to assess the home for the ability for the design and décor to be attractive to the broadest range of potential interest.”
In addition, says Milovick, FSBO sellers have a harder time co-ordinating viewings and receiving information back, which has a detrimental effect on their sale.
“Anything that delays the buyer’s purchase decision, leads to more time on market,” says Milovick. “I have had buyers seriously consider private sales, but their interest has been diverted to other properties as the seller was too slow to get back to them.”
Cost breakdown
Realtors can make a good chunk of cash on a sale of a home, but what some home sellers may not realize is the money they put out upfront in order to do their job.

Realtor’s Expenses

Professional Staging Consultation = $300 – $1,000
Interactive Virtual Tour = $100 – $300
Professionally Measured Floor Plans = $200
High Quality Wide-Angle Photographs = $100 – $300
Full Colour Glossy Feature Sheets = $200
Eye Catching Signs, Direction Arrows = $600
Catered Agents Open House = $150 – $300
Convenient Lockbox = $50
1-Day Ad in Local Paper = $250

The top questions to ask before choosing your Realtor:

Chad Bradley, sales representative with Coldwell Banker Terrequity Realty, Toronto, gives you the run-down on the questions to ask to ensure you pick the right Realtor.
How long have you been in the business?
What area(s) do you focus on?
What type of clients do you focus on? First time home buyers, investors?
What are your business standards? To return phone calls, e-mails, etc.
For sellers, do you have a proven marketing plan? Can I see it?
What sets you apart from other agents?
For investors, can you show me examples of what type of ROI your clients have experienced?
If I am not happy with your services do you offer any kind of guarantee?
Source: WhichMortgage.ca

Two Bedroom Condo at 2710 – 80 Plaza Drive , Winnipeg MB


Luxurious view of the River, St. Vital Park, and Downtown.

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Large balcony. Spacious open concept layout. 2 good sized bedrooms. In suite laundry. All appliances included. Tons of natural daylight. Very bright. Also, 9′ ceilings.

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Recreational center: full in-ground all year round pool, hot tub, racket ball courts,tanning bed, full gym, and pool table in party room.

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More information and pictures about this Home by clicking on this link: 999-rose.ca

Wanting to view this Home, Contact Realtor Rosalie Drysdale at 204.999.7673 or email Rosalie through her Contact Page.