Peterborough and the Kawartha's real estate market update as of July 18/2017

Hello friends,

I was reading an article today stating the real estate market has turned into a Buyers market in Ontario. If that is truly the case, Peterborough and the Kawarthas are the exception to the rule. January through April was a complete gong show for multiable offers and crazy prices. This leveled out in May when a flood of listings hit our market. That said Buyers still bought the new inventory up just not in 10 to 12 multiable offer situations. This caught Sellers off guard and Realtors® alike. A large number of properties were holding offers and receiving none on offer date. They would always get an offer or two the next few days but not like it was before.

Now July is going to be the tell tale month for the balance of the year. Obviously, the numbers are not out as the month is not over but watching I am seeing less inventory hit the market and multible offers building steam again. It will be interesting to see.

The shocking truth about Flat Rate Realty

Flat Rate Realty, how the system works and more importantly how will this system save you money and not cost you end sales dollars!
I have been with Flat Rate Realty for over a year now. Before Flat Rate Realty I spent 10 years working under one of the "franchise" Brokerages. I can tell you there is only one change in my full MLS® service from the time I worked at a "franchise" Brokerage and now. That change is I can now offer you Full Service for 3.75%. You loose nothing more on marketing, service and exposure with Flat Rate Realty but what you win is up to 1.25% in savings. For a house valued at $350,000 that is over $4300 back in your pocket. Why would you give that away? Same service (or better) same marketing (or better) and same exposure (or better) with  $4300 back in your pocket! (if your house is valued at $350000)
Hey! Even though you read this statement I know what you are asking yourself.
Will my property be on MLS®? Absolutely, your house will be on ML…

Ride around Ennismore-Douro-Warsaw-Lakefield

Peterborough and the Kawartha's is a wonderful place to live and play. If you live here STOP! Look around you. There is amazing sites and views everywhere. I took 2.5 hours and went for a 85 km ride around Ennismore-Douro-Warsaw-Lakefield. I would like to show you some of the sites I seen and you can enjoy them as well!

Home Inspections, how to do them in today's market

I read an article in a local magazine this morning titled "Getting a Proper Home Inspection is Critical" and I thought I would write a blog based on the points and comments the author had in the magazine article.

In the article the author started his article by stating it is a seller's market but cautioned not to forget about common sense. He went on to comment that "a lot of agents are suggesting putting in an offer without any conditions". Other comments made were 'you need to go in with a safety net" and "kind of crazy to consider an offer without the home inspection condition"

I understand his point of purchasing a house wisely. A home inspection is something that needs to be completed before purchasing a home. What I disagree with the author is the timing of the inspection.

In a Seller's market the author is advising to have a condition on Home Inspection in an offer. Sometimes this is the kiss of death of an offer. Think about it. Y…


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