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#1) Get in the market. There is no perfect time to get in, just get in.
#2) Regulation Changes Everything. The window of opportunity opens and shuts all the time. When I started 13 years ago we had 100% financing for rentals and 105% financing for home buyers. Those days are long gone and the mortgage “rules” have drastically changed. It’s not often we get regulation to make things easier. Things don’t get better the longer you wait in real estate.
#3) Buy and Hold to get Rich. I’ve had the pleasure to meet some very wealthy people who tell a similar story. They came to the country with literally nothing, learned the language, found a job, sacrificed heavily to obtain a home and used that home to leverage their life and grow their wealth.
#4) 4 Green Homes = 1 Red Hotel. If you remember the game of monopoly you know this rule. Why this is important, read the next point.
#5) Leverage 1 home to buy the 2nd, the 3rd, and so forth. I always wanted to know how someone can build great wealth in Real Estate. I think that's why I became a Realtor. The secret? Next point.
#6) Reuse, Reduce and Recycle. It might sound silly for real estate but the truth is most investors don’t make hundreds of thousands of dollars each year from their job. They bought real estate, found a tenant to cover the costs and let time do its thing. Typically, they have investments that come up for renewal just like your home (5-year terms) and at that point they leverage the equity from house 1 to buy house 2, and 3, and 4, and so forth.
#7) Learn and play by the rules. I know for a fact there are people out there who own tons of real estate and never made a mortgage payment in their life. What’s the secret? They use leverage and O.P.M. (Other people's money, usually a bank)
#8) Leverage Real Estate with OPM. Using your property as a tool to help you get to where you're going is critical. The banks will loan you 95% of the money to buy a home provided you meet their criteria. 95% of the risk and the reward is all yours. You don’t have to give the bank 95% of your profits when you sell. What other investment vehicle lets you do that? Even if it’s an investment with 20% or 25% down. You keep the profits.
#9) Generate Income. If you entered real estate when you were young (I was in my early 20’s) living with room-mates was great. I had a 3 bedroom town-home and rented 2 rooms to cover most of my operating costs. I was able to save money and build equity at the same time. We all have to live somewhere, why not be a live in landlord? If your an older home owner (that's okay too) you can use the equity in your home to buy another. You have hundreds of thousands just sitting there… why not use it or at least explore the idea?
#10) Don’t Fear Tenants. This is the #1 reason I hear from those who know real estate is great, but never took the leap to buy that investment. I can tell you from experience that 99 times out of 100 you’ll get a good tenant who will care for your home. Do you have friends who rent? You can find a family just like them.
#11) Ask for Help. I’ll be the first to say I don’t know everything but I do know the right people to ask for help. There is a wealth of information available to you from Google. You have millions of articles, videos and audio recordings right at your fingertips. There are seminars and workshops going on around you everyday. Connect with the right “help” to help you get to your goals.
#12) What goes up, must come down. In the last 18-24 months, real estate has been a hot topic. When you compare Real Estate in 12 month intervals you will see big ups and big downs. Real Estate has never been a short term game. It’s possible to make a lot of money buying and selling homes but only on TV. There is no short term, little money down, huge reward at the end system that you can do over and over. Sure there is deals here and there but generally speaking real estate is a long term system. If you look at Amazon, Apple or Google you will see a steady growth chart of the value over the years (yearly view). If you look at it in only 12 month spans you’ll see drastic ups and downs in price, and not a steady flat predictable increase. You can lose a lot of money buying/selling in the short term but it’s hard to make a mistake if you keep it for 5+ years.
#13) Do it. Don't get stuck with analysis paralysis or paralysis by analysis. It’s state of over-analyzing (or over-thinking) a situation so that a decision or action is never taken, in effect paralyzing the outcome. One of the worst things (to me) in my line of work is meeting lovely people who “wish” they can go back in time and buy more real estate. It’s hard for me because I’ve been very lucky to be around very intelligent real estate people (not agents, but people) and I took the advice. I bought very young, I learned how to leverage OPM, I learned how to attract the right tenant, I learned how to deal with the banks and so much more.
Before we begin, It is important to acknowledge that the following data analysis may differ from CREA(Canadian Real Estate Association) due to how they pull info from our data system known as Matrix. The following info is for February 2018 Cambridge area sales only.
The title to be awarded to February 2018 sales should be, “Waiting to Exhale”. This is due impart to the declining listings to sales ratio just ahead of the traditional peak spring market.
There were 215 listings processed this February (Freeholds and Condos). Of that number, only 124 were sold. This represents just over half of the listings or more precisely, 57%.If you remember, last month’s ratio saw 2 out of 3 listings sold. Compare this February sale to that of 2017 and we are down 32.97%. The number of listings processed in February 2017 was very similar at 212 with 185 sold.
However, in a shorter time span, there were 11 more sales in February than January 2018. This is an increase of 9.7% (113 in Jan and 124 in Feb). The average price for both segments ( freehold and condo combine) has shown a moderate 1.2% upswing from one month to the next ($451,259 Jan & $456,460 Feb 18).
We have dissected the different types of homes ( freehold from condos) and found that both sales numbers declined at the almost even percentage for the month from a year ago (approximately 34%). The champion of the two segments is Condominium! The average condo value has increased by 12.4% from a year ago and 7.6% from last month. That average price is now $345,740. Freehold is down from a year ago by 1.3% to an average price of $477,752 but up 2.1% from January this year.
It is not hard to establish the reason behind the surge in condo sales. It is the most affordable segment and the average price is still 100k below the average home price (freehold & condos) in the city/region.
Pull apart the semi’s and freehold towns from the equation and you will find Single detached home value remains consistent at approximately $515,777, a meagre 0.3% down from the same month a year ago. However, that average price rose 5.8% from it's January 2018 average of $487,274.
Although this is early in the year, this moderate 1.2% overall month increase if hold steady could result in 12.24% at year-end. A more tolerable increase from last year and an excellent indication of appreciation compared to the average yearly 4-5% we saw over the past 15 years prior to 2017.
Cambridge Association of Realtors.
After a robust market in 2017, it is safe to say the Cambridge housing market remains strong. The number of listing for January 2018 was (167) almost the same as January 2017 (163). Of those listings, the sales were 112 (2018) and 108 (2017). Take the spring anomaly of 2017 out of the market and you still have an identical start to both years. The average sale price ( single-family including freehold & towns) came in at $450,368, up 5.1% from the same month a year ago. When we separate the two types of homes, the numbers appear totally different. Single-family freehold homes sales only rose 2.9% ( average $453,732 to $467,297) from the year previous while average condo price jumps to 19.2 % ( $269,559 to $321,446) from 2017.
The number of sales has fallen from December 2017 down 12.6%. As we can see, there were 55 unsold listing for each year in the same month of January. The old adage still lives today. People buy listings that are priced right, shows well and fits the norm for the average home buyer.
With mortgage rule changes in full swing, time is the unknown factor lurking behind the scene. It usually takes a few months for everyone in the related industry (mortgage and real estate) to get a full view of the effects of implementation.
The Spring market has always been the peak for sales in real estate. The most common question the consumer asks is, “When is the best time to sell or buy?”. We should always make decisions on knowledge! The facts we know are the ones at present. We know the prices of homes now and we can calculate mortgage payments today. Let’s take speculation out of the picture. As the saying goes, “one in hand is better than two in the bush”. Like all things though, people do what they think is best based on their wants and needs. Share those wants and needs with your Realtor so they can advise you accordingly. This is our business and we know it!
Sheldon Barclay, President
Cambridge Association of Realtors!
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James Johnson has been trying to sell his Colorado ghost town – a café, motel, gas station and two homes (just $350,000!) – for months without success. And it's not just because it's in the middle of nowhere that the property isn't selling. While offloading your sofa or lawnmower on your own doesn't take a lot of sales skill, working with a professional real estate agent is one of the best ways to make the most money in the shortest time when selling your home – or ghost town. Here are the top reasons why.
1. An agent may increase your profit
Many people think they'll make more money if they avoid paying an agent a commission and instead handle their own home sale, but the statistics show otherwise. According to the National Association of Realtors, selling with an agent brings in a higher profit, enough to cover the commission and then some. For one thing, a Realtor has the experience and tools to price your home appropriately. Studies show that homes priced correctly when they first hit the market sell faster, and for a better price, than those that linger with a decreasing price tag.
2. An agent can save you time
While it may take just moments to upload a Craigslist ad, handling prospective buyers, inspectors and appraisers can suck up your time. From screening out unqualified buyers to helping you prepare your home for inspections, agents drive the process more efficiently.
3. An agent often makes a better deal
You might be proud of your poker face, but are you really a savvy enough negotiator to put one of the biggest deals of your life on the line? As most buyers use a buyers' agent, you'll probably be going toe-to-toe with a professional negotiator. When you list your house through an agent, you not only get their marketing power and connections, you get a pro negotiator advocating for you during the initial offer, the counter offer and the post-offer period, which includes inspections and requests for concessions.
4. An agent can lower your risk
The potential for making mistakes (with potential legal ramifications) among the reams of paperwork involved in a home sale is huge. Agents know how to do things exactly right.
If you are thinking about selling, I can provide a complete market analysis and help you price your home so that it sells fast and that you get the most out of your investment.
Patrick Kozierowski Your Wicked Awesome Agent
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THIS PAST YEAR SAW THE SINGLE-FAMILY DETACHED HOME AND CONDO MARKETS DIVERGE ON DISTINCTLY DIFFERENT PATHS IN CANADA’S TWO HIGHEST-PRICED REAL ESTATE MARKETS, GREATER VANCOUVER AND THE GREATER TORONTO AREA, AS REVEALED IN THE 2018 HOUSING MARKET OUTLOOK.
The trend is expected to continue into 2018 as a mix of relative affordability for condo units and price appreciation for detached homes in recent years, combined with government policy changes in both markets, has helped push an influx of buyers toward condo ownership.
In Greater Vancouver, demand for condos continues to outpace supply, resulting in the average price of a condo rising an estimated 16 per cent year-over-year, from $553,604 in 2016 to $643,778 in 2017. The GTA’s condo market also saw price appreciation of 22 per cent in 2017, as the average sale price for a condo rose to an estimated $523,437, up from $429,241 in 2016. As condo prices rose, sales for single-family detached homes declined 25 per cent in Greater Vancouver and 22 per cent in the GTA year-over-year between January and the end of October 2017.
The RE/MAX 2018 average residential sale price expectation for Canada is an increase of 2.5 per cent as the desire for home ownership remains strong, particularly among Canadian millennials.
According to a survey conducted by Leger on behalf of RE/MAX, the appetite for home ownership remains strong with roughly half of Canadians (48 per cent) considering the purchase of a home in the next five years. Of those who are considering purchasing a home, the top three reasons for doing so are to upgrade on their current home, to purchase a starter home as a means of entering the housing market and to upsize from their current home to accommodate a change in family make-up. The survey also found that access to outdoor spaces was a key factor for many Canadians when considering purchasing a home, with 87 per cent agreeing that access to green space was important to them and 82 per cent agreeing that having a backyard was important.
In order to find a balance between the home features they’re looking for and affordability, many buyers are continuing to look at real estate markets outside of the country’s largest urban centres. These move-over buyers leaving the GTA and Greater Vancouver have contributed to increased demand and considerable year-over-year average price increases in Kelowna (nine per cent), London-St. Thomas (18 per cent), Hamilton-Burlington (15 per cent), Barrie (19 per cent), Durham region (19 per cent), Niagara (23 per cent), Kingston (eight per cent), and Ottawa (10 per cent).
Much of the activity in regional markets across Ontario was fuelled by price appreciation in Toronto during the first four months of the year prior to the introduction of the provincial government’s Fair Housing Plan. The 16-point plan introduced a 15 per cent non-resident speculation tax, which slowed demand from overseas buyers in the upper-end of the market. The policy changes as a whole curtailed activity significantly for single-family detached homes throughout the GTA in the short-term.
The new OSFI mortgage qualification rules that come into effect on January 1, 2018 also impacted housing market activity toward the end of this year and are expected to slow activity in real estate markets across Canada in the first part of 2018. This fall, a number of regions including Fraser Valley, Edmonton, Regina, Winnipeg, Mississauga and Oakville experienced increased demand from buyers looking to purchase homes before the new stress test regulations take effect.
It is expected that the new mortgage stress test will slow activity across Canada during first few months of 2018 and at the end of November, the Bank of Canada predicted that the new regulations could disqualify up to 10 per cent of prospective home buyers who have down payments of 20 per cent or more. The regions expected to feel the greatest impact of decreased buyer purchasing power are Victoria, Greater Vancouver, Kelowna, North Bay, London-St.Thomas, Barrie, Hamilton-Burlington, the GTA, Durham region, Kingston, Ottawa, Halifax and St. John’s.
As oil prices continue to stabilize, both Calgary and Edmonton have experienced modest average residential sale price increases in 2017. In Calgary, the average residential sale price rose by approximately two per cent, to $487,931 up from $478,100 in 2016. Buyers and sellers remain relatively tentative, but the city’s ongoing evolution into a major tech and distribution hub, as seen with Amazon’s recent announcement that Calgary will house one of the company’s key distribution centres, is expected to increase confidence in the real estate market moving forward. In Edmonton, sales rose by an estimated five per cent year-over-year, from $357,916 to $375,788 in 2017, with a variety of new infrastructure projects, including construction on the Valley Line expansion of the LRT system, expected to contribute to increased activity in the coming years.
Download the Full Report Below.
There were 102 single family residential units sold through the Cambridge MLS® housing market in December 2017 - this represents a 7.4% increase in levels reported in the same month a year earlier. Of the 102 residential units sold, there were 81 single family freehold detached residential units which represents a 9.5% increase in levels reported a year earlier, says Sheldon Barclay, President of the Cambridge Association of REALTORS® Inc.
“December marked an average end to a volatile year in which the highs more than offset the lows,” said Sheldon Barclay, President of the
Cambridge Association of REALTORS®. “2017 was the best year for sales in the region since 2003. Activity also looks like it may have been building again heading into 2018, but part of that could be the result of a pull-forward of demand in advance of new mortgage rules. We’ll have to get a few months into 2018 to say for sure.”
The average MLS® single family freehold residential unit price was $468,612 in December which represents an increase of 11.5% over the same month a year earlier. The average MLS® single family detached residential unit price was $491,995 which represents an increase of 9.2% from a year ago.
The dollar volume of all single family freehold sales in December 2017 was $47,329,774 which represents an increase of 18.5% from a year earlier. The Cambridge Association of REALTORS® promotes its Members professionalism and dedication to building a strong community through homeownership and quality investments.
Disclaimer: Effective March 1, 2017 the statistics for the Cambridge Association of REALTORS® represents only single-family freehold & single-family freehold detached properties sold in the City of Cambridge and the Township of North Dumfries and does not include condominium sales.
There's no need for an expensive gym membership or high-tech equipment to slim down this year. Here are a few suggestions for creating a home gym, even in a small space:
1. Designate a space
Regardless of whether your workout space is an entire room or just the width of a yoga mat, take steps to separate it from the rest of your living area. Experts agree a dedicated space helps keep you motivated. A room divider can help separate your equipment from the rest of your life — and prevent it from becoming a drying rack for your laundry
2. Admire and inspire
A $10 mirror can make all the difference when it comes to checking your alignment and preventing injury. It can also give you a way to check your progress, or keep an eye on those love handles for extra motivation.
3. Equip yourself wisely
If you're short on space, you can find treadmills, rowers, TRX machines, and even bikes in fold-and-stash options. Adjustable weight sets take up a fraction of the space of a whole set of dumbbells. And a chin-up bar across a doorway hogs no floor space at all.
4. Turn the music up
An upbeat playlist can be a huge motivator for going the extra mile. Install speakers in your workout space, or find portable ones that can link to your phone.
Want to find a home with enough space to workout? I’ll help you find a home that will help you meet your goals.
Give me a call, shoot me a text, or send me an email. My information is below.
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Episode #2 “Minimize Risk for the Big Reward”
Don't feel like reaing? Click here for the video.
If you buy an ounce of gold, you can hold it, you can cuddle it, you can love it forever.The problem is 100 years from now you will still only have one ounce of gold. If you buy a property it will produce for you every year. You can use that money to do all sorts of things and After 100 years you still have your property. It’s very similar to buying a goose that lays a little golden egg for you each month.
With any investment you're looking for something that you can put money out and that asset you buy gives you back more money then you put in over time. With fixed dollar assets you give up your money, and in return you get a fixed amount back. It’s an entirely a different game to “gamble” your money in the unpredictable world of “real estate”. We know the higher the risk, the higher the reward. The good news is you don’t need to take on 100% of the financial risk
to get 100% of the financial reward as you do with most investments, we can take full ownership of the property with little to no money down.
When I say little to money money down, I mean using little to no money of yours. We will need to come up with 100% of the purchase price plus pay taxes and lawyer fees.
The “Secret” to buying real estate is to use other people's money. The term “other people's money” really means the banks money. If you already own your home, or part of it, you have little gold eggs sitting in the walls. Each mortgage payment you have made up to now is like putting away 1 little gold egg. The “Secret” is use the eggs as collateral to buy another property.
Your first response will be I don’t want a bigger mortgage or another loan. I can understand that point of view. Let me explain how this would work.
What if you put in 20 dollars, and put I put in 80 dollars, we would 100 dollars in total.
We then go out and buy a 100 dollar investment property.
Since “we” own the investment, I’ll let you keep any equity we make as long as you pay the mortgage, taxes, insurance, gas, water and hydro. You also have to look after the property too.
Mortgage, Taxes, insurance, gas, water and hydro seems like a lot to cover one would think. The good news is The market is full of great people who would be willing to that for you. Tenants pay you rent, the water, the gas, the hydro and cover your costs (taxes and insurance).
They basically will cover 100% of the promise you made to the bank.
There is a million variables when it comes finding the right tenant and that will be covered in another video. If we assume most people are good, as most are, lets assume we found you a good tenant. We can also assume you buy a good property and that the income covers the expenses and at the end of the year there is zero left for you. If we fast forward this senairo
5 year into the future.
During that period you paid kept your promise to the bank and your business partner the tenant paid you rent, the utilities, your taxes and insurance, they also kept up the property because you have a great relationship.
During that time the market appreciates 5% per year, each year for 5 years.
Your 100.00 dollar investment would be worth 121.55.
The mortgage was also paid, each month, for 5 years totalling 60 payments.
You paid down the mortgage balance to 67.91.
Your total equity now would be 121.55 - 67.91 giving you a hefty profit 53.31.
This is how real estate investing works.
Big Risk for Big Returns
If you can minimize risk and still reap the big return why not explore the idea?
But what about the 20 dollars I had to put down in the start of this video, how do I get that out of my house and who pays for that?
The next blog will explain how the “Little to no money down” investment program works. It’s really about leveraging the golden eggs (equity) in your home and putting them to work for you.
Thank You For Watching my Videos.
Over 10+ Years Helping You Buy, Sell, Rent And Invest In Real Estate.
My Page Is Full Of Great Real Estate Content For Everyone.
Follow Me Online Here:
Proud Realtor, Vice President & Director for the Cambridge Association of Realtors.
Episode #1 “Preserve Your Dream”
Don't feel like reading? Click here for the video.
It is said you get 4-5 ideas during the year that can change your life.All it takes is writing them down and taking the leap. Buying an investment property may be one them. If you don’t take the plunge someone else will.
If you do take the plunge. You will be surprised to learn how quickly things can come together. You will have some difficult challenges. Things won’t work perfectly. It is said the game of Real Estate always plays games with you.
Opportunity is everywhere. Especially now with the internet. You have free access to all the smart people. You can learn everything you need to know. You use technology now to make your life better.
Know what you know and know what you don’t know. You don’t need natural ability to start investing in real estate. You don’t need a blessed background. You don’t need a high IQ. You just need some confidence. In this world not it's only about the right strategy or ability. It’s about the confidence to act on the opportunity in when it’s presented in front of you.
We live in a negative world. When you're reading only the headlines and never getting into the body of things you're being programmed instead of programming your mind. That's how most people are running through life.The “Investment Dream” can be so powerful, it always starts as a fragile small thought, so easily missed, so easily compromised, so easily just squished.
How much time do you spend working every day, every week, every year?
What kind of investments are you making in yourself for your future?
If you start looking where you're going, and you want to“make it” today’s world, you need to start doing things that empower you.The things that give you a better life.
I hear it all the time from people who would do anything to back in time to when they were 25, with the knowledge they know now. How different their life could be.
If you could go back to 25 ...
What would you do differently in your life?
What advice would you give yourself?
What sorts of things would you do?
Don’t you still want to do those things?
You still can! But only if stop living your life looking in the rearview mirror. It can be you, you are worthy, and I say this to you, if you start making a real effort, it can literally change your life.
But I will say this, I Honestly don’t know how far you can go, there is no ceiling here.
You don’t need to quit your job. Just start working on it a little bit. Everyone asks
How do I Start? My answer is you already have by reading this blog or watching the video.
You don’t need to be stuck at a certain level at life. Fear is a hypnotic spell. Don’t let fear hold you back from what you know you're capable of doing.
What's the benefit of holding back?
Why is that most people don’t pursue, or do better than where they are? Especially when they are capable of doing it? I don’t know the answer, my guess is that people don’t go to the next step because they really don’t know where to start; they don’t explore the possibility consciously; subconsciously they feel they can't have it happen to them or they don’t deserve it.
You can handle this you just haven't figured it out yet. This is your training period. You don’t need to pay a tuition to learn what you don’t know. You can do this, like I have, from other people who have done this before us. You don't need to be Einstein to start investing.
If you look at your life up to now, it’s working. That's a result of your choices and your decisions.
Now if you ask yourself is that enough?
Am I satisfied?
Is this what I want?
Would I like for things to better than this?
Do you believe in the back of your mind or in your heart that life has something else for you?
How do you overcome this fear?
You need to fortify yourself. You need to start monitoring your inner conversation. You need to build yourself up. You need to start boosting your self. You need to look back at life and understand how fast 10 years comes and goes.
Remember yourself at 10?
You don’t need to take a big risk to get into real estate if you already have a property.
You can start at 40, 50, 60, even 70 years old it’s never too late. I have a great mentor who is well into his 70’s who still enjoys life and is building the path for his children and grandchildren. Your building a family asset for the next 50-60 years of your life, and for future generations. Be warned you can fail in this process. Sometimes Bold, crazy, magnificent ideas or quite simple ones, can be utterly life to change. In the real estate game, it’s not just about buying the house that's the end result.
Follow your curiosity and as it can be priceless. Your “work” is going to fill a large part of your life. Don’t settle. You can change your future in just a few short months. Don’t be trapped in other people's thinking and have the courage to follow your intuition.
I hope this inspires and motivates you to take the next step.
I hope you found this video insightful.
As Always happy house hunting
Thank You For Watching my Videos.
Over 10+ Years Helping You Buy, Sell, Rent And Invest In Real Estate.
My Page Is Full Of Great Real Estate Content For Everyone.
Follow Me Online Here:
Proud Realtor, Vice President & Director for the Cambridge Association of Realtors.
In order to understand this writing, I think it is best to explain the term #Catfish or #Catfishing.
"A catfish is someone who pretends to be someone they're not using Facebook or other social media to create false identities, particularly to pursue deceptive online romances."
I would like to reference it to a home for sale (Listing).
"A catfish listing is a house who pretends to be bigger or better using a special camera and a wide angle lens to create the illusion a small home or room really is large, particularly to pursue buyers to book an appointment." The most common example is backyards.
There is a romance in real estate, as I think most people pick the homes they want to view based on the quality of the photos and the short "bio" of the home. This is very similar to how dating sites work. I'm sure we can all appreciate Sellers/Listing Agents using fancy cameras to make you #swiperight
(#Swiperight phrase used to describe your acceptance of something. The term was originally a reference to the Tinder app. On Tinder, swiping right means you approve of a male/female after judging them by a few picture and a short bio. "Swipe right" can be used anytime you make a good choice or approve of something.)
Nice photo + Good Bio = #Swiperight
I want to leave you with a few tips to help you find the right home and avoid disappointment.
#1 - Don't skip homes with one or less photos, as they often need work (but have the best upside potential). If you skip homes with one or less photos, as do majority of buyers, the ones who explore this opportunity get the best rewards.
#2 - People still list homes with poor/bad quality photos. Explore more options. I often hear how much nicer a home is in person than in the photos.
#3 - Learn the room sizes and detentions (don't know what this word is supposed to be)during your visits. You can change the feel of a room and add so much value with the right paint, flooring, lighting and decorating. There is a number of reports that state professionally staged homes sell for 5-15% more then ones that don't.
#4 - Don't fall in love with the decorating/decor/feel of the house. Point #3 is very important. Once the deal is signed and all the fancy decorating is taken away your left with an empty house. I often see buyers fall in love with a home, only to be disjointed once all the items are removed.
#5 - Be a buyer who has the vision and can see the bigger picture.
Happy House Hunting!
The real house hunting process is nothing like the TV shows! The TV House hunting process goes as follows: the seller accepting your offer, the inspector finding zero issues during the home inspection (unless your watching Mike Holmes), the closing date is set, the deal closes and you throw a housewarming party all in 30 minutes with commercials. Here are a few suggestions and tips you can use right away in your house hunting process to make it feel quick and painless!
#1 - The #CatFish Trick
Alot of the feedback I get when I'm at an open house is how much smaller the house looks then in the photos. Most people (Re/Max found 80%+ use IPADS when house shopping) so agents (myself included) like to use high-res photos with a fish-eye camera to show more home in the photo (and also to make the home seem bigger). Don't be fooled with good photos!
#2 - The #SwifeLeft Homes
The same goes with buyers who are searching online and don't like the photo's even if the price, area, and features will work. There are sellers and agent's who don't spend much time taking nice photos or photo's show casing the property correctly. Don't be fooled with good photos, but also don't dismiss a property for bad photos!
With all TV Flip-This-House shows you can understand how some Fresh paint on the walls, professional staging and stunning photo's can make a house appealing. The feel and charm of a home can be changed with the right paint colour, floor choice, and the proper placing of furniture. Once removed your left with a blank room. A smart home buyer will see the value in this "lip-stick" work and find a good deal. Remember rule #1 and #2.
You won't get the perfect home unless you build it custom. There is always going to be a project or improvement you can do. Overtime it can add up and your DIY can become your Pride and Joy. Here is a great read on DIY you can on your home.
If you're trying to sell a home in today’s challenging real estate market you should add this technique to your strategy. I don't think there is a "SOLD" essential oil but the smell of a house can change the way a buyer feels and thinks when they are about to make a big purchase.
I have personally used smells (baking cookies or cinnamon rolls) when running an open house(s) and I have experienced it with buyers during a showing to create a comforting, deliciously scented atmosphere meant to help the visitor enjoy the home. We all understand the value of home staging, and being an innovative real estate agent, and I think Aromatherapy should be the tool you think of to help sell a home.
There is a variety of essential oils offered, and here are the top 5 we use in our home.
Wondering how to get some Oils for yourself?
Send email@example.com an email!
In only two minutes, you can transform the Internet you give your kids. KidsWifi can filter adult and mature content, social networks, gambling, illegal downloads, ads, identity trackers and more. Even Google searches and YouTube videos can be filtered. Just One KidsWifi filters, monitors and controls all your kids online devices, from tablets to computers to game consoles — even devices brought by visiting friends and family!
The 4 Benefits for Kids Wifi
#1 - Connectivity
Protecting your kids is as simple as connecting to a Wi-Fi network. When you plug in your KidsWifi, it uses your home Internet connection to create a new Wi-Fi network that is controlled, filtered and monitored the way you want it. Then any wireless device, from computers to tablets to game consoles, can be protected by simply connecting them to your KidsWifi network. Even your kids’ friends can be easily protected!
Set your house rules for which parts of the Internet your kids (and their guests) can visit. Then add exceptions for specific devices to restrict young kids or give older kids more freedom.
Check on the sites your kids are visiting. Look at the whole network or specific devices. Do it from anywhere with Internet access using any browser.
#4 Time Limits
Limit screen time by pausing the Internet. Set bedtimes to prevent late-night browsing. All managed from your phone or any other Internet browser. Promote healthy screen time by going offline for bedtime.
Smart Tech = Smart Parenting
Get 2 KidsWifi for only $150.00 when you enter "CANADA150" Under the promo code!
Jazmyn Bieber (Justin Bieber's sister) Youtube Channel about Kids WIFI
Cheryl Hickey from ET Canada Youtube Video about Kids WIFI
KidsWifi Facebook Page
We are about to enter the "oh shit" moment if Bank of Canada (BoC) has confirms they are going to be increasing mortgage rates July 12th. Experts say it will be small (0.25%) so I'll be using that number in the examples below.
#1 - A Rate increase of 25 BPS (0.25%) translates to a $83.00 a month increase in payment.
Great overview from Gobelnews.ca
Great overview from Tim Lucas
One of the most common questions I have been asked this year is “When is the bubble going to burst?”
If you can imagine one level deeper than desperate, that would be a great way of describing our inventory levels back in April. We saw over 1,000+ units listed for sale in the Kitchener/Waterloo Market for the second month in a row (June/July). With this sudden supply boom we are seeing prices up over last year (in the range of 19-29% depending on what you read). In April, we had prices up 39-49% so the gains are gone.
Kitchener President James Craig said “June is the fourth consecutive month home sales in the Kitchener-Waterloo area have exceeded 700 units. Historically sales in KW and area have only ever surpassed the 700 unit threshold in a single month three previous times.”
Similar Market Conditions in Cambridge
Cambridge President Jim Robinson said “Sales continue to run at near-record levels, and it appears the market may finally be seeing a bit of relief with new listings continuing to rise,” and “That said, market conditions have been measured in weeks of inventory rather than months since last fall, and that remains the case.”
The average price for a single family home is up 29.2% from last year so it looks like we are back to a healthy normal market. Remember, we are used to 4-6% returns per year, not 40-50%. The bubble didn't burst, the market just corrected. The bad news is rates are going up!
Happy House Hunting!