What if I'm a Buyer in a Seller's Market?

By: Lindsay Smith

What if I'm a Buyer in a Seller's Market?

Tags: real estate, buy sell love durham, oshawa real estate, durham region, market trends, buyer's market, seller's market, homes for sale near me, keller williams, real estate agent, agent experience

Every week it seems I encounter sales reps who bring different levels of experience to our sales interactions. I was involved in a multiple offer situation this past week, representing the seller, and it caused me to think about how experience in this type of market is critical. When you are a buyer in a low inventory market, getting an offer accepted can be a challenge. The average detached home...Read More

Finding Solid Ground During a Pandemic

By: Lindsay Smith

Finding Solid Ground During a Pandemic

Tags: real estate, buy sell love durham, oshawa real estate, durham region, market trends, COVID-19, pandemic, whitby real estate, durham

Our world changed in mid-March. I will never forget how we went from “gale force winds” to “dead calm” overnight in the real estate market. When our province declared emergency orders to stay at home and shelter in place, most of Ontario was closed for business. Real estate was deemed an essential service, and we were allowed to continue to operate. There was some controve...Read More

Understanding Market Value in a Low Inventory, Multiple Offer Real Estate Market

By: Lindsay Smith

Understanding Market Value in a Low Inventory, Multiple Offer Real Estate Market

Tags: real estate, buyselllovedurham, oshawa real estate, durham region, market trends, real estate pricing, neighbourhood, whitby real estate, house near me for sale

We met with a client this week looking at downsizing. They live in a home that really is suited for a large family, and we started the discussion about what, where, and when. One of the interesting questions they asked was about a home they saw on realtor.ca. He mentioned the area and before he could describe it, I knew exactly which home he was going to mention. We had a discussion around how som...Read More

House prices in Oshawa are going up (5% in 6 months)

By: Lindsay Smith

House prices in Oshawa are going up (5% in 6 months)

Tags: real estate, buyselllovedurham, oshawa real estate, durham region, market trends, real estate pricing, neighbourhood, buy or sell, question, real estate near me, house prices going up

  I am going to start this column off with a headline from May: “CMHC sees house prices in Canada falling between 9 per cent and 18 per cent over the next 12 months.” Let’s look at another quote responding to real estate brokers disagreeing with this forecast. “Please question the motivation of anyone who wants you to believe prices will go up.” I have mention...Read More

Using Real Estate to Invest in your Children's Future

By: Lindsay Smith

Using Real Estate to Invest in your Children's Future

Tags: real estate, buyselllovedurham, oshawa real estate, durham region, market trends, investment property, rental property, future planning

  This past weekend I spent some time on a patio in lovely Westport, Ontario. I have no idea how people seem to sense that Wendy Starr and I are real estate broker/reps. One of questions we had from a table next to us came from a couple who had a daughter starting first grade this coming school year (whatever that might look like). They were already planning for her post-secondary education ...Read More

Buy or Sell first? It's the number one question we're being asked right now.

By: Lindsay Smith

Buy or Sell first? It's the number one question we're being asked right now.

Tags: real estate, buyselllovedurham, oshawa real estate, durham region, market trends, real estate pricing, neighbourhood, buy or sell, question

Two couples were enjoying a drink on a newly opened restaurant patio and were having a passionate discussion. Both couples were planning on moving to different homes and debating selling first or buying before selling. Overhearing their chat, I thought I would chime in with some thoughts based on the experience of 36 years of selling homes in Oshawa. Here are some of the points we covered as we si...Read More

Showing homes in 2020: Look but don't touch

By: Lindsay Smith

Showing homes in 2020: Look but don't touch

Tags: real estate, buy sell love durham, oshawa real estate, durham region, market trends, COVID-19, safety, showing your home

  A question I had from a Seller this week was one I have been asked many times over the past few months. Let’s take a look at why people are asking this question and explore why so many people are reaching out for this specific information. This question is very honest and based around a sense of confusion, fear and uncertainty. All feelings we have experienced since we began the new...Read More

On a clear day you can see Rochester

By: Lindsay Smith

On a clear day you can see Rochester

Tags: real estate, buyselllovedurham, oshawa real estate, durham region, market trends, real estate pricing, neighbourhood

  On a waterfront walk this past week, I could see a smokestack on the USA side. I think Rochester is about 80 kms from where I was. It’s amazing how 80 kms can be night and day for areas to live in. If you go 80 kms west of Oshawa, you would be in Brampton. One thing we share in common with Brampton is our proximity to downtown Toronto. It is almost the same commute by GO train. One ...Read More

Is the Spring Real Estate Market starting in June?

By: Lindsay Smith

Is the Spring Real Estate Market starting in June?

Tags: real estate, buyselllovedurham, oshawa real estate, durham region, market trends, COVID-19, spring real estate, summer real estate, sellers market, buyers market

Two interesting opposing views of the market: 1) A local realtor makes an online post this past week about how her client lost out several times on properties they loved only to be caught up in multiple offers. 2) CMHC releases a report predicting values will drop by 9 to 18 per cent in 2020. Real estate predictions are based on a combination of breaking down market statistics/trends and using ...Read More

Mortgages and COVID-19 in Oshawa: 4 steps to weather the storm

By: Lindsay Smith

Mortgages and COVID-19 in Oshawa: 4 steps to weather the storm

Tags: real estate, buyselllovedurham, oshawa real estate, durham region, market trends, COVID-19, mortgage, mortgage broker, real estate agent

Since the middle of May we have seen our economy and our lives turned sideways. Most people were financially comfortable making things work; however, few were prepared for our town being “closed for business.” The strain this has placed on families has been enormous. The financial world refers to this as a “liquidity” issue. Simply this means more is going out than is comin...Read More