Here are the secret Realtor codewords.

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I imagine this post will be taken down by the secret association of Realtors Protecting Realtorspeak (the benevolent order of RPR) pretty quick, so make sure to read this one right away.

If my undergrad studies in sociology taught me anything, it’s that specialized vocabulary (or argot) is one way for a societal group to distinguish members from non-members.  If you’ve ever gone with a significant other to a get together of people in their industry, you’ve experienced this first hand.

Realtors have their own way of speaking and you can often tell new agents from experienced agents from the way they describe various aspects of a property.  Without further ado, here are my favourite examples of Realtorspeak. Continue reading

Wait 5 years before you sell? How about 5 months.

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When I’m out and the conversation turns to real estate, people often talk about how expensive it is to buy and sell homes.

They talk about the land transfer tax, the legal fees, the bank charges and the realtor commissions.

If the people I am with know I’m a Realtor, at that point I tend to get an elbow in the ribs or a jibe about how that’s all the fault of greedy real estate agents.

It’s awkward and I tend to excuse myself at that point, to go the washroom, or get another glass of Dom Perignon.  As I wipe my brow with a $50 bill, I say to my entourage that they don’t know the truth.

With sale price growth in the GTA being what it is, it’s pretty damn expensive to not buy a home. Continue reading

There is nothing worse than forgetting something important.

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Let me rephrase that.

There is nothing worse than the feeling of forgetting to do something you really should have done.

That slowly dawning realization when you look at the date and your brain finally wakes up to the fact that there was something about today.

Something you had to do today.

It really is an awful feeling.  The realization that something you had planned can no longer happen because you forgot to do an important step.

You start thinking about the consequences of forgetting about it.  The calls you have to make, the apologies, the costs and effort to have it happen at a later date.

Just awful.

In real estate, I think it’s fair to say that planning ahead is crucial. Continue reading

There are two great things about my job.

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I like a lot of aspects of working in real estate, but if you asked me to narrow it down to my favourites, I would have to say that there are two really great things about my job.

The first is that I get to meet great people.

People I wouldn’t otherwise get a chance to know, because we work in different industries, live in different neighbourhoods, do different types of fun activities.

I meet these people when they are looking to buy or sell real estate, or when they are looking to rent out or find a rental property, or when they are looking for investors or to invest.

In short, I meet people who are looking for other people.

Which leads me to the second great thing about my job. Continue reading

Yes, I’ll sell your home while you’re on vacation.

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Looking at that post title, I realize it could come across as a threat.  As if, any time you head off on a trip, you have to be concerned about coming home to find another family moving in and a big SOLD sign on your lawn.

Fear not, the odds of me selling your home when you are on vacation are slim unless we’ve agreed to it beforehand.

I made just such an arrangement with a client in Aurora and while she is away with the kids at a resort, we are listing her house.  In fact, we’re listing it today.  Take a look at  Continue reading

Don’t list your house on a holiday.  Seriously people.

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First off, happy belated Canada Day!

As the holiday fell on a Friday this year, I thought I wouldn’t do a post on Friday as normal.  I know you probably sat by your computer all afternoon, into the early evening, waiting and wondering when Jeff will do his next post.

I may be overstating your interest in my website.

On the off chance you weren’t sitting around waiting for me to post an article, I hope you had a great Canada Day and that you managed to stay dry and enjoy some fireworks!

Given it’s Monday morning, I’ll keep this post to the point.

When you sell your home, the number of days on market is Continue reading

3 homes that aren’t selling and 1 that will!

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There is so much hype in the media about the frenzied Toronto real estate market that you’d be forgiven for thinking that people will buy anything.

  • Have a former marijuana grow up backing onto train tracks?  Put some stainless steel appliances in the kitchen and wait for multiple offers!
  • Did the interior walls of your house collapse due to termites?  Call it open concept with great natural lighting and you can laugh all the way to the bank.

I have encountered some agents who are buying into the hype and I feel bad for their clients.

The market may be unbalanced, with too many buyers and not enough sellers, but that doesn’t mean that people will buy anything at any price.  Fundamentals still matter and pricing still matters.

Below are three homes that are sitting on the market. Continue reading

MPAC says I’m rich! Hold on..how much are my taxes now?

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In late May, 2016, MPAC started sending out their 2016 Property Assessment Notices.

These lovely documents provide an assessed value for your property, based on a secret formula developed by MPAC scientists in a bunker in the wilds of Northern Ontario.

That might be a bit of an exaggeration.

Truth be told, to establish your property’s assessed value, MPAC analyzes Continue reading