Are you suffering from Buyer Fatigue? 5 ways to manage the disappointment.

By: Lindsay Smith

Are you suffering from Buyer Fatigue? 5 ways to manage the disappointment.

Tags:

real estate, buyselllovedurham, oshawa real estate, durham region, market trends, summer real estate, sellers market, buyers market, buyer fatigue, disappointment, realtor

The first offer was $6,000 over the asking price. The young couple had hearts racing with excitement knowing they had a strong offer. The home sold for $60,000 over ask. They “wised up” quickly, and when they found the next home they wanted to live in, they offered $60,000 above asking with no conditions. There were 54 competing offers. They didn’t even come close to the asking p...Read More

How to Save a House Deal from Falling Apart (and how to avoid the problem in the first place)

By: Lindsay Smith

How to Save a House Deal from Falling Apart (and how to avoid the problem in the first place)

Tags:

real estate, buyselllovedurham, oshawa real estate, durham region, market trends, COVID-19, spring real estate, summer real estate, sellers market, buyers market, whitby, clarington, house closing

Over the past week, I sold a townhome locally and felt it would be interesting to go through how the sale unfolded and share what a Listing Broker, at times has to deal with to get a sold sign on a property. The townhome was something called a “Parcel of Tied Land.” (POTL) This is a new classification in Durham Region that simply means a series of townhomes with an interior road l...Read More

Mortgage Insurance : Who does it protect?

By: Lindsay Smith

Mortgage Insurance : Who does it protect?

Tags:

real estate, buyselllovedurham, oshawa real estate, durham region, market trends, COVID-19, summer real estate, sellers market, buyers market, whitby, clarington, mortgage, insurance, CMHC

I have ranted a bit over the past couple of years about mortgage insurance. It is necessary, expensive and, well really, really expensive. However, without it, many Buyers in Canada could not purchase a home. A savvy person would think that when you pay for insurance, it protects you from something. In the case of mortgage insurance, as a Buyer, you pay the premium, and it benefits the lender. Th...Read More

FOMO: Why you Might Want to Lean into your Fears in this Market

By: Lindsay Smith

FOMO: Why you Might Want to Lean into your Fears in this Market

Tags:

real estate, buyselllovedurham, oshawa real estate, durham region, market trends, COVID-19, spring real estate, summer real estate, sellers market, buyers market, whitby, clarington, FOMO, fear of missing out

How much does the Fear of Missing Out come into play with real estate? What exactly is FOMO? It could be viewed as a fear of missing out on super-low interest rates. Or, not buying now and seeing the home prices increasing. It could also be getting caught up in the excitement of your circle of friends moving up, down or out of the area. Fear of missing out can also be wanting into a particular a...Read More

3 Reasons You Should Use a Local Realtor

By: Lindsay Smith

3 Reasons You Should Use a Local Realtor

Tags:

real estate, buyselllovedurham, oshawa real estate, durham region, market trends, COVID-19, spring real estate, summer real estate, sellers market, buyers market, whitby, clarington, shop local, local

As I view homes that are currently listed for sale and ones recently sold, I have noticed many of the Sales Representatives have offices that are out of the area. In fact, I recently saw a new property listed for sale with the office located in Waterloo. I am in no way disparaging any other Realtors, however, I am looking at what happens when a Buyer or Seller chooses to work with a local Realtor,...Read More

Don’t wait to buy a house. 4 reasons you should get in the market now.

By: Lindsay Smith

Don’t wait to buy a house. 4 reasons you should get in the market now.

Tags:

real estate, buyselllovedurham, oshawa real estate, durham region, market trends, COVID-19, spring real estate, summer real estate, sellers market, buyers market, whitby, clarington, buy now

Values are up. I mean, the values have skyrocketed. There is quite a bit of commentary about it being impossible to buy with the current increases or that people are being shut out of the market. What if I told you, you really can’t afford not to buy now? That this might just be a window of opportunity. Call me crazy, however, let me bend your ear and explain. The average detached hom...Read More

Can I be Successful as a Buyer in the Current Real Estate Market? (Part 2)

By: Lindsay Smith

Can I be Successful as a Buyer in the Current Real Estate Market? (Part 2)

Tags:

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

Last week’s column covered some helpful hints to help Buyers navigate the current Real Estate market and become homeowners. I gave some solid advice to help make the readers who are looking for a home successful. Pre-approval, work with a full-time Realtor and several other tidbits. Then I noticed an article in a Canadian national magazine that caused a bit of smoke to come out of my ears. ...Read More

Where are the current real estate opportunities in Durham?

By: Lindsay Smith

Where are the current real estate opportunities in Durham?

Tags:

real estate, buyselllovedurham, oshawa real estate, durham region, market trends, real estate pricing, neighbourhood, opportunities, oshawa, whitby, ajax, clarington, broker

It is hard to read the trends in Real Estate, however, if you follow the data you get a glimpse into the direction the market may be heading. Where are the pockets to buy in or to sell in? Here is what the month-end stats show. The average detached home in Oshawa dropped by $11,000 over the past month. The number of sales dropped by 4% and there are 51 more homes for sale than last month. Opp...Read More

Oshawa Real Estate: Lots of changes this year. How do I achieve success as a buyer?

By: Lindsay Smith

Oshawa Real Estate: Lots of changes this year. How do I achieve success as a buyer?

Tags:

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

Think back to early June 2020. I remember it like it was yesterday. When the first lockdown happened, Real Estate was deemed essential, however, our office was closed, shuttered, locked up and we were mostly manning the dining room and kitchen tables replacing the salt and pepper shakers with pens, laptops and cell phones. June was the month that things started to turn around, marking an increase ...Read More

After Buying a House: What to Expect on Closing

By: Lindsay Smith

After Buying a House: What to Expect on Closing

Tags:

real estate, buyselllovedurham, oshawa real estate, durham region, market trends, COVID-19, spring real estate, summer real estate, sellers market, buyers market, whitby, clarington, house closing

I am excited, elated and thrilled the offer I made on my “dream home” was accepted. Should I be concerned about what I will find when I walk through the front door on the day of closing? I have learned a few things, selling Real Estate over the past 3 decades about how Buyers and Sellers handle closings. It can be summed up with two concepts – expectations and good-natured behav...Read More