Posts Tagged ‘dnd’

Popular 3 bedroom Tamarak model home in the desirable neighborhood of Blackburn Hamlet

 Ottawa, Ontario

3 Beds 2 Baths 74' x 100' Sq. Ft.

Popular 3 bedroom split level with double car garage has been carefully maintained and updated by long term owner and is in tip top shape. Updates include kitchen, bathrooms and all vinyl windows. Located on an inside corner of a quiet crescent in a family friendly neighborhood. Walking distance to schools, bus and local shopping. H...

View Property Details

Filed under: Recent Sales by bgmteam
Comments Off on Ottawa Homes – SOLD!!

Fantastic 4 bedroom family home in the desireable neighborhood of Blackburn Hamlet

 Ottawa, Ontario

4 Beds 2.5 Baths Irregular lot Sq. Ft.

Lovingly maintained by longtime owners (35 years), this property exudes pride of ownership! The hardwood floors are in impeccable condition. The original kitchen has solid maple cabinets, granite counters as well as stainless steel sink and faucet. 2 piece ensuite bathroom, main floor powder room and family bathroom have been comple...

View Property Details

Filed under: Recent Sales by bgmteam
Comments Off on Ottawa Homes – SOLD!!

Affordable three bedroom home with above ground pool in Chatelaine Village

 Ottawa, Ontario

3 Beds 1.5 Baths 42' x 100' Sq. Ft.

Are you looking for an affordable 3 bedroom home? One that backs on a park? Welcome to this well kept 3 bedroom home, attached to the neighbour only by the garage! Newer hardwood flooring in the open concept living and dining rooms, updated gas fireplace with stone surround, nice bright kitchen with patio doors to the large back yar...

View Property Details

Filed under: Recent Sales by bgmteam
Comments Off on Ottawa Homes – SOLD!!

Beautifully cared for 3 bedroom home on cul-de-sac with huge pie shaped lot that is partially backing onto a ravine!

 Ottawa, Ontario

3 Beds 3.5 Baths 41' X 103' Sq. Ft.

This one has the real estate TRIFECTA! Location, location, location!! Beautifully cared for 3 bedroom home with a HUGE pie-shaped lot on a cul-de-sac AND partially backs onto a ravine!! Where do we start?? Updates and upgrades include metal roof, vinyl windows, furnace, central air, upgraded kitchen opened to family room, gas firepl...

View Property Details

Filed under: Recent Sales by bgmteam
Comments Off on Ottawa Homes – SOLD!!

Filed under: Recent Sales by bgmteam
Comments Off on Ottawa Homes – SOLD!!

Beautiful 2 bedroom Glenview Cypress END UNIT!

 Ottawa, Ontario

2 Beds 1.5 Baths

Welcome to this beautiful Glenview Cypress END UNIT home. Located in the sold-out LIV at Monaghan Landing area, this 1326 sq. ft home has 2 bedrooms, 1.5 bathrooms with attached garage. Large foyer entry with access to storage and garage, open concept living / dining with tile and water proof single plank flooring. Lovely wide kitch...

View Property Details

Filed under: Recent Sales by bgmteam
Comments Off on Ottawa Homes – SOLD!!

Hey Everyone and welcome to our 3rd in a series we are producing around the career that we love… real estate.

This is going to be your source for some real estate straight talk – the real deal, real scenarios, myths and myth busting, the rules, the ethics, the process, the expectations – what you really need to know. So here we go!

List to Sell Ratios….Production numbers…Oh Gosh….it’s MATH!

We were recently invited to a home as part of the owner’s interview process for the job of selling their home. We were very impressed with how prepared these home owners were for the meeting.

Everyone wants to know how you are planning on marketing their home and most REALTORS® will have a comprehensive plan of attack.

It made us think about the most important questions that a home owner should be asking their potential REALTOR® but rarely do before making their choice.

There are two big questions that come to mind;

1. How many houses have you sold this year?

Not how many the team has sold…

Not how many the brokerage has sold…

Not how many the company has sold…

How many have YOU sold – by yourself!!

The real estate market changes fast and is made up of so many business models that if an agent is selling one house every two months, they may not be up to speed on the current market conditions.

Just because they have been in real estate for 20 years doesn’t mean that they have the greatest experience. Conversely, if they work on a team of 17 people and can say the team sold 100 homes last year, that breaks down to almost 6 homes each – the national average. Not bad at all, but market knowledge and experience only gets better if you are selling 15 – 20 homes or more per year. That seems to be an industry understanding for having your fingers on the pulse of the market.

2. What percentage were Listings, and what percentage were buyers?

This is a follow up to #1 in the sense that the skill set can vary between someone  who deals with Buyers 80-90% of the time, and someone that deals with Sellers. Finding a good fit would be a REALTOR® that deals with both – they have solid experience selling homes, and also have current knowledge about what Buyers expect and are willing to pay / negotiate for/ need.

3. What is your List to Sell Ratio?

This is simply a test of our negotiating skills.  When we list a property how close to the asking price are we getting?? Let’s set out an example…

You are going to meet with REALTOR® A and REALTOR® B

REALTOR® A tells you their List to Sell Ratio is 96%, well…that sounds good. I mean from our school days, we all equate 90+% as a A or A+ right?

REALTOR® B says their list to sell ratio is 99.8%.

Already we want the person that is telling us they have an A++ in selling right?

And keep in mind, a lot of this is going to depend on the type of real estate market we are in. For the sake of argument, let’s say it’s a Seller’s market – where there are lots of Buyers and not enough homes on the market.

On a $400,000 home, 96% is $384,000.

99.8% on that same home is $399,200

That is $15,200 difference!!! That is HUGE!

That’s the difference between selling your home and moving on, and selling your home and getting a 2 WEEK CARRIBEAN CRUISE!

There are several different business models and agents charge different amounts. Do yourself a favour and get a great negotiator rather than the cheapest commission. You’ll R.E.S.T easy in the end!

For more information you can;

Listen to our podcast – https://bgmteam.podbean.com

Watch us on YouTube – https://www.youtube.com/user/myottawateam

Filed under: Blog by bgmteam
No Comments »

HIGH DEMAND AND LOW SUPPLY CONTINUED TO CHARACTERIZE VANCOUVER’S AND TORONTO’S HOUSING MARKETS THROUGHOUT 2016 AS COMPETITION FROM BUYERS FOR LIMITED INVENTORY OF SINGLE-FAMILY HOMES PUSHED PRICES HIGHER.

The average residential sale price increased 13 per cent in Greater Vancouver to approximately $1,020,300 and rose 17 per cent in the Greater Toronto Area (GTA) to an estimated $725,857. Although demand remains high in both urban centres, limited inventory in the freehold market, the new 15 per cent foreign-buyer tax in Vancouver and the recent tightening of mortgage rules by the federal government are expected to soften market activity in the short term. In 2017, RE/MAX estimates average residential sale price will increase by two and eight per cent in Greater Vancouver and the GTA respectively.

Regional markets in close proximity to Canada’s highest-price cities continued to experience steady interest from local move-up buyers and buyers from these cities (“move- over” buyers) who are looking to nd a balance between affordability and square footage. This year there were considerable year-over-year average price increases in Barrie (16 per cent), Hamilton-Burlington (20 per cent), the Fraser Valley (20 per cent) and Kelowna (14 per cent).

Click to Read the Full National Summary

The RE/MAX 2017 average residential sale price expectation for Canada is an increase of two per cent as Canadians continue to see home ownership as an important milestone as well as a good investment.

Download Full Report

Victoria

Greater Vancouver Area

Fraser Valley

Kelowna

Calgary

Edmonton

Saskatoon

Regina

Winnipeg

Windsor-Essex

Sudbury

Kitchener/Waterloo

Hamilton/Burlington

Barrie

Greater Toronto Area

Kingston

Ottawa

THE HOUSING MARKET IN CANADA’S CAPITAL REMAINED STABLE IN 2016 WITH MODEST INCREASES IN BOTH THE NUMBER OF SALES AND THE AVERAGE RESIDENTIAL SALE PRICE.

The average residential sale price grew one per cent year-over-year, from $367,632 to $370,940. The number of sales between January and October rose to 13,834 in 2016 compared to 12,964 during the same period in 2015.  For more information, please call the BGM Real Estate Team at 613-558-8000!

Read Ottawa’s Full Report

Montreal

Quebec City

Saint John

Halifax

Charlottetown

St. John’s and Area

(more…)

Filed under: Blog by bgmteam
No Comments »