In some major Canadian markets, the hot real estate market has given rise to a practice that's intended to stimulate interest in a listing and achieve the highest possible sale price in a short period of time. What is it? It's under-pricing the listing. Intentionally listing properties at well below their market value and then holding off on showings or offers until a specified date can create a ‘bidding war' scenario where multiple buyers eagerly scramble to get in on a ‘great deal'.
Coldwell Banker - R.M.R. Real Estate, Brokerage *'s blog
On behalf of Coldwell Banker R.M.R. Real Estate, we are very pleased to announce that our parent company, Realogy Holdings Corp., has once again been recognized a 2015 World's Most Ethical Company®, by the Ethisphere Institute, the global leader in defining and advancing the standards of ethical business practices.
To paraphrase an old real estate saying – the three most important factors for a stress-free move are: planning, planning, and more planning. Plan your move at least one month in advance. Set up an expense log, and start lining up your suppliers – movers, storage companies, delivery of new appliances or furniture. Don’t forget painters, carpet installers and other services working on your new house prior to your move-in date.
When most of us do our household budgeting, we often set aside what may be a considerable amount of funds for the family vacation. But did you ever stop to think that there might be a better way to plan for quality family time without laying out a lot of cash that you'll never see again? Why not put the money you'd spend on airfares, hotels and rental cars into building equity instead?
Home heating and hydro costs are continuing to spiral upwards, leaving many Canadians looking for more cost efficient and environmentally friendly ways to decorate the exterior of their homes for the winter season. Here are some decorating ideas to add a warm and welcoming touch to your home’s exterior without the expense and hassle of putting up holiday lighting.
For most couples, buying a home is the most significant purchase they will ever make together. While the prospect of owning a home is an exciting one, it can often seem overwhelming, especially for those who are new to the real estate process. From selecting a neighbourhood to deciding how to use a spare room, navigating the world of homeownership together requires some extra work. However, couples will be thankful they put in the additional time and effort when the “sold” sign is posted on the home of both of their dreams.
Canada’s ‘baby boomer’ generation is the most affluent group ever seen in Canada. The ‘boomers’ have either already inherited, or are poised to inherit, their parents’ wealth. The result is a transfer of assets and an increase in discretionary income on a scope never before seen in this country.
As more and more Canadians reach the point in their lives where they have paid off their mortgage, or have greater financial resources, their thoughts may turn to buying a vacation property. Demand for summer cottages or year-round vacation homes has increased over the years. What was once a relatively low cost alternative to an annual family vacation has now become a significant financial investment.
Winter is a time of year when many of us resolve to get ourselves in trim, whether it’s joining the gym or a dance class, or perhaps buying some exercise machinery for our home. We devote a lot of attention to our cars too, putting on the snow tires, changing to winter anti-freeze, loading a bag of salt in the trunk. But what about a ‘tune-up” to get your home operating at top efficiency?
Looking back on historical patterns, the majority of Canadian home sellers have a tendency to list their homes during the very active Spring or Fall markets. Due to this trend, listings in past years have generally tended to taper off as the busy year-end and holiday season approaches. But is waiting really the best selling strategy for your home?