Posts Tagged ‘ottawa’

Fantastic 3 bedroom split level on corner lot in Rockland

 Rockland, Ontario

3 Beds 2.5 Baths Irregular lot Sq. Ft.

Looking for a private, detached 3 bedroom home on a large lot with a double car garage? This 3 bedroom home is filled with sunlight. Large country kitchen is great for entertaining and the dining area is open to the living room with large picture window. Spacious master bedroom has a large closet. 2 good sized bedrooms and an update...

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Filed under: Recent Sales by bgmteam
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Fantastic 3 bedroom detached home with main floor family room in Fallingbrook

 Ottawa, Ontario

3 Beds 2.5 Baths 43' x 101' Sq. Ft.

Well maintained and freshly painted 3 bedroom home in family oriented neighborhood of Orleans. Walking distance to shopping, schools and parks. Home has practical main floor laundry. Renovated ensuite bathroom. Main floor features oak floors and ceramic tiles. Family room off the kitchen over looks the fenced backyard. Finished base...

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4 bedroom split level townhouse in the family friendly neighborhood of Blackburn Hamlet

 Ottawa, Ontario

4 Beds 1.5 Baths

Welcome to this 4 BEDROOM split level home in Blackburn Hamlet. Not only are you surrounded by the Greenbelt with just a short commute to downtown but there is lots of functional space n this home. Laminate floors through the main, 2nd & 3rd levels and new carpet in the lower rec room (2019). L-shaped living and dining room. Kit...

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Filed under: Recent Sales by bgmteam
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2 bedroom, 2 bath condo with in unit laundry in Convent Glen South

 Ottawa, Ontario

2 Beds 2 Baths

Retiring or 1st time buyer, you will love this freshly redone 2 bed, 2 bath condo. Fresh paint, new floor, new back splash, granite counters - everything has been tastefully done. Sunny and bright unit has a bus stop literally at your front door. Great location, first exit as you arrive in Orleans and easy access from the Montreal R...

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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...

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Fantastic 4 bedroom family home with inground pool in Kemptville

 Kemptville (North Grenville), Ontario

0 Beds 0 Baths 73' x 100' Sq. Ft.

Very well maintained home in a family friendly neighbourhood in Kempville. This is a four bedroom home with three bedrooms upstairs and one on the main. Open concept living at it's finest with a large kitchen with plenty of cabinets overlooking the dining and living rooms. Just off the kitchen there is a four season addition with a ...

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Well cared for 3 bedroom, 3 bathroom end unit with it's own driveway

 Stittsville, Ontario

3 Beds 2.5 Baths 25' x 104' Sq. Ft.

Fantastic End Unit Tamarack Huntington model with it's own driveway AND southern exposure! Well cared for 3 bedroom, 3 bathroom home. Hardwood and tile in the open concept main floor. Kitchen with breakfast bar, large L-shaped living and dining rooms, large master suite with ensuite and walk-in closet. 2nd floor loft area is great f...

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985 sq. ft. with 2 bedrooms, 2 baths and a balcony

 Ottawa, Ontario

2 Beds 2 Baths

The Claridge built Kintyre model is 985 sq.ft. and features an open concept living space with two bedrooms and two bathrooms. This condo has been very well maintained and features hardwood and tile floors throughout the living spaces. Granite counter tops with a breakfast bar, plenty of cabinetry and stainless steel appliances in th...

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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
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