Toronto Realty Blog

JUNE 2, 2021

Whatever industry you work in has its pros and cons, and you know this. I’ve always strived to bring truth and transparency to Toronto Realty Blog, and while the readers and the general public have appreciated it for fourteen years, don’t ever underestimate the flak I take behind the scenes. Not in our market.

Pre-approval 97

Pre-approval Inspection Purchase and sale agreement Due diligence 97

RIS Media

JANUARY 14, 2022

After just four months on the market, a property on Star Island—a neighborhood in Miami Beach, Florida—sold for $75,000,000. The property was marketed by REALTOR®-Associate Elizabeth Lima of Berkshire Hathaway HomeServices (BHHS) Florida Realty. The owner was loyal to our brand and how we wanted to target a very specific market.

Purchase and sale agreement 98

Purchase and sale agreement Marketing Proof of funds MLS 98

Toronto Realty Blog

FEBRUARY 18, 2022

A friend of mine sent me a text on Thursday: “Awesome blogs this week dude!” ” I wrote him back and said, “Well, only a couple of comments on Wednesday’s blog, so maybe it’s not all that enthralling?” Look to remove demand from the market. TorontoRealtyBlog. Good point, I suppose.

Development 83

Development Land As-is Marketing 83

Toronto Realty Blog

DECEMBER 14, 2020

I specifically didn’t post new content on Friday because I knew you’d all need to be fresh, eager, and well-rested this morning in order to power through this week’s blogs. Those long-term readers among you will recall the length of these “year-end” blog posts. It’s the end of the year!

Purchase and sale agreement 114

Purchase and sale agreement As-is Debt-to-income ratio Marketing 114

Toronto Realty Blog

MARCH 14, 2022

Can you guess the year in which I first worked with a client who was selling before buying? Anybody read this in a previous blog post? And if somebody on the other side of the world in a completely different market is reading this right now, they’re probably confused. I started selling real estate in 2004. Any guesses?

Pre-qualification 77

Pre-qualification Sales Closing Renovation 77

Toronto Realty Blog

SEPTEMBER 22, 2023

Not only did I ignore that, last week, most of you didn’t like having to wait for “part two” of a blog story, but I also promised in Wednesday’s blog that I wouldn’t do it again… …and then I did. What the heck does he know? My manager called the other manager, and they chatted. .”

Purchase and sale agreement 76

Purchase and sale agreement Brokerage Agents As-is 76

GeekEstate

FEBRUARY 22, 2023

Despite the miss, several Wall Street analysts have reaffirmed their bullish outlook on the company — their median price target is $7.75, a 4x+ premium to today’s stock price. Within 5 years of opening their first co-working space, WeWork had more than 50,000 members across 75 locations worldwide.

Branding 58

Branding Investor Commercial As-is 58

Toronto Realty Blog

APRIL 28, 2021

When last we spoke, I had just obtained a bully offer on my listing for a whopping $1,600,000, and had emailed the 55 other showing agents that we intended to work with the offer that evening. Saturday evening. Welcome to life as a real estate agent, folks! I think three minutes would have been my bet. But do you know what I can do?

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Purchase and sale agreement Agents Pre-approval Closing 111

Toronto Realty Blog

OCTOBER 15, 2020

I started in real estate in 2004 and this was merely the way things worked. I remember bidding on condos in a hot market in the summer of 2006. That’s ten percent above list, but imagine the number of offers that were at the same price, or close to it? I worked in this market, and I worked within those price points.

Agents 65

Agents Brokerage MLS As-is 65

Toronto Realty Blog

MARCH 3, 2021

So when Monday’s blog, “Behind The Scenes Of A Toronto Offer Night” was a topic of conversation on Reddit, I had no choice but to read the discussion and subsequent comments. On Monday’s blog, a reader made the following comment: You know what? TorontoRealtyBlog. Do you know how to access the dark web ?

Agents 90

Agents Closing As-is Marketing 90

Toronto Realty Blog

APRIL 3, 2023

But in this market, if a seller elects to work with a bully offer, and more importantly – the listing agent decides to upend his or her entire listing and offer process to work with the bully offer, they’re going to ensure that there’s at least a few hours of irrevocability so that other buyers can respond.”

Pre-approval 52

Pre-approval Agents Brokerage Inspection 52

Toronto Realty Blog

NOVEMBER 9, 2022

The Toronto Realty Blog logo used to say, “By David Fleming” underneath, but we removed that years ago. And to be fair, some of the regular readers have paid me compliments to this effect in the past, suggesting that this is an unparalleled free source for real estate insights. A helpline or a help desk. An advice provider.

As-is 82

As-is Residential Agents Marketing 82

App Folio

DECEMBER 4, 2019

According to the NLIHC , 71% of extremely low income households in the U.S. “Only 37 affordable and available rental homes exist for every 100 extremely low-income renter households.” Those who do not currently have any LIHTC properties under management may wonder if the extra work is worth it.

Property Management 64

Property Management Investor Development Equity 64

Redfin

FEBRUARY 13, 2024

Whether you’re preparing for a busy tourist season or optimizing outdoor spaces, this Redfin article covers it all, emphasizing the significance of proactive measures, transparent communication, and a hospitable approach to success in the competitive vacation rental market. Swap out heavy curtains for lighter ones.

Inspection 66

Inspection Property Management As-is Design 66

Toronto Realty Blog

DECEMBER 19, 2023

It’s just really, really hard to describe an entire year’s blog posts or an entire year’s real estate stories in a standard blog-post length. This is likely more subjective than the top five blog posts , but then again, we run into many of the same themes over and over. ” Nah. We all know how that goes.

Pre-approval 83

Pre-approval Construction Development Agents 83

Toronto Realty Blog

DECEMBER 13, 2021

Is it weird that the “Top Five” blogs, that I have written, are being chosen by me ? In any event, I’ve been running this feature now for over a decade, but in its current form, with the top five blogs and the top five stories each being featured in their own post, I think we’re into our sixth or seventh iteration.

Agents 117

Agents Industrial As-is MLS 117

Toronto Realty Blog

MARCH 9, 2022

I ran only 25 KM in January and only 46 KM in February, but I’m sorry, it was just too damn cold some days (and I usually run at night after work, when it’s coldest…), and I can’t run in piles of snow or ice. ” Who’s fault is it that buyers and buyer agents in this market have no idea how to price a home?

Marketing 100

Marketing MLS Agents Sales 100

Toronto Realty Blog

SEPTEMBER 7, 2021

” “Does she have a runny nose?” When I look back at how COVID has affected the Toronto real estate market over the past eighteen months, I’m amazed. ” The market was non-existent in April of 2020, but it’s done nothing but appreciate since early-summer of last year. ” An open house

Marketing 98

Marketing As-is Land Brokerage 98

Toronto Realty Blog

AUGUST 21, 2020

No matter the day of the week, the season, or the cycle of the market, I wore a suit. I’m blessed to have a clientele that I truly enjoy working with, otherwise, I’d choose to work with somebody else. I wore a suit every day for a decade. Maybe more. I then wore a suit every single day for over a decade.

MLS 106

MLS Agents Brokerage As-is 106

Toronto Realty Blog

SEPTEMBER 5, 2023

But as sad as this is to say, I always enjoy the start of the fall real estate market, and that helps me get back into things. And now it’s over… Sometime around mid-July, I told my wife, “This summer is going by really fast! We’re going to be carving pumpkins before you know it!” I need routine in my life.

Marketing 81

Marketing Banks As-is Agents 81

Toronto Realty Blog

JULY 14, 2022

I took part in this fad called “working from home.” I had a “day off” and yet I found myself talking to sixty people, reviewing nine offers to lease, and working through two offers on a freehold listing for sale. I did something really odd the other day. ” Wait, back up. Wait, back up. Wow, amazing!”

Marketing 79

Marketing Agents Due diligence As-is 79

HomeLight

JANUARY 4, 2022

High demand for refinances and purchase loans has led to appraisal delays in some markets. Input your address, and we’ll provide you with a preliminary home value estimate in under two minutes. Why does appraised value matter? Let’s take a look at 16 factors that can impact your appraisal and why they’re important.

VA loan 124

VA loan Loans Renovation As-is 124

Marco Santarelli

MAY 29, 2024

Tampa Bay's booming job market, sunny skies, and diverse neighborhoods make it a prime location for real estate investors seeking strong returns. Florida's shimmering coast has long been a magnet for tourists seeking relaxation under the warm sun. Moderate price increases are expected in 2024. Median Household Income: $59,893.

Investor 105

Investor Construction Development New Construction 105

HomeLight

DECEMBER 23, 2021

Information in this blog post is meant to be used for educational purposes only. You may have already decided to sell your rental property in a seller-friendly market or are weighing the possibility of it. How does the eviction moratorium affect a possible sale? How does the eviction moratorium affect a possible sale?

Purchase and sale agreement 111

Purchase and sale agreement Sales Investor As-is 111

Toronto Realty Blog

MAY 26, 2022

The recent drop in Toronto home prices is solely due to the increase in interest rates. Well, I suppose before we confirm or deny, we must first address this “drop in Toronto home prices,” since many home-sellers are in denial. How does that make any sense? Let’s start with a bang, shall we? Yay or nay?

Fixed-rate mortgage 92

Fixed-rate mortgage Purchase and sale agreement Banks Mortgages 92

Louisville Homes

JANUARY 19, 2023

Oldham County does come in fairly strong with 42 million dollar homes sold. Most Expensive Louisville Homes Stats Average List Price $1,553,531 Average Sold Price $1,478,904 Change % 5.05% Average Above Grade SqFt 4,459 Sold Price Per Above Grade Finished SqFt $366.48 Days on Market 51.94 Counting them down. #5

Land 98

Land Days on market As-is Marketing 98

HomeLight

JANUARY 11, 2021

Will sellers re-enter the market and ease the inventory crunch? Will a rise in foreclosures impact your market? That’s especially true this New Year after we all made it through a 2020 that was extremely difficult on many levels. Inventory, interest rates, home prices. Will interest rates stay low? I mean, change.

Agents 98

Agents Equity As-is Investor 98

HomeLight

JULY 25, 2022

DISCLAIMER: As a friendly reminder, this blog post is meant to be used for educational purposes only, not for professional tax advice. The average length of home ownership has shrunk to just seven years, according to Brad Gore , a top agent who works with 74% more single-family homes than the average Branson, Missouri, agent.

Closing costs 107

Closing costs Equity Short sale Agents 107

HomeLight

APRIL 26, 2023

We’ll also provide a comprehensive overview of the full process to prep, market, and close on your home without the assistance of a real estate agent. If you don’t have the time or expertise to list your home FSBO, partner with a trusted, top agent in your Alabama market. How does selling by owner (FSBO) work in Alabama?

MLS 94

MLS Agents Sales Proof of funds 94

Toronto Realty Blog

NOVEMBER 18, 2020

We’ve all read that story in the newspaper about the lovely couple bought a house after they “won” a multiple offer situation, with an extremely inferior offer, all because they wrote a lovely, heartfelt letter, right? In today’s market, I’m seeing letters submitted more than previous market cycles.

As-is 103

As-is Pre-approval Agents Marketing 103

Toronto Realty Blog

SEPTEMBER 14, 2022

A client of mine emailed me yesterday and asked about a “new” listing, priced at $2,289,000. We had viewed this listing in person about four or five weeks ago when it was priced at $2,599,000. ” So away we went, looking at this beautiful, albeit over-priced house that had been listed twice, at two different prices.

MLS 79

MLS Agents Sales Marketing 79

Toronto Realty Blog

AUGUST 31, 2020

In fact, many of you have September 10th, 2020, circled in your calendars, not because that’s the day after the NFL regular season opener and thus you’ll be calling in sick from work, but rather because it’s when the City of Toronto’s registration system for short-term rental facilitators and operators will be launched.

Principal 84

Principal Residential Property Management As-is 84

HomeLight

JANUARY 5, 2022

Unlike taking your house off the market , withdrawing from a purchase contract can cost you big time. In this blog, we explain under what circumstances a seller may cancel a home purchase agreement. In a housing shortage, the market is ripe with bidding wars. Not necessarily. Source: (Paulo Felipe Assis Silva / Unsplash).

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Purchase and sale agreement Backup offer Inspection Agents 107

Toronto Realty Blog

JUNE 28, 2021

Of course, somewhere therein lays topics for blog posts, and today is an example of exactly that. Every week, I hear from at least a dozen people who aren’t in the market for real estate, but have something to say or share. Hoping you can fit this into the blog schedule. I enjoy hearing from people, I really do.

Investor 105

Investor Development Residential Finance 105

Toronto Realty Blog

JANUARY 18, 2023

TorontoRealtyBlog. A colleague of mine emailed me this essay last week. I was blown away. Not only by the sheer amount of content, which was twelve pages in a PDF, but also because of the research involved. Thirty-seven footnotes, for one thing. But sourcing a variety of newspapers, interviews, staff reports, legal journals, and more.

Purchase and sale agreement 98

Purchase and sale agreement Residential Land Renovation 98

Toronto Realty Blog

OCTOBER 2, 2020

You know I’m not really a “guest blog” type person. 1 Key findings are: 329 homes (or 77% of properties) were purchased2, 57 houses were pulled off the market unsold and 41 listings remain active. The average YTD sale price in 2020 was $1.28 million, yielding an average price hike of 12%.

MLS 57

MLS Brokerage Sales Agents 57

Toronto Realty Blog

AUGUST 3, 2021

While the following ten examples of real estate agents breaking the rules is not representative of the whole industry, it will teach you to be on the lookout, no matter who you are in this market. Do you work for a brokerage that provides zero guidance and training? Maybe I’ve just written this in my head so many times?

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Purchase and sale agreement MLS Agents Brokerage 98