Toronto Realty Blog

AUGUST 30, 2023

Consider that developers will aim to sell 80% of the units before they ever get a shovel in the ground, both in order to get financing, but also to ensure the project is viable, but also because they want to hold back a few units to sell in 4-5 years when the project is done. ” We were in shock. We need money.

Development 87

Development Agents As-is Sales 87

Toronto Realty Blog

SEPTEMBER 13, 2023

Believe it or not, I don’t have a never-ending bucket of topics for the blog. And when I’ve got a great topic or story for the blog, I do not want to forget. I don’t do weekend open houses anymore, but back in the day, I did them every weekend. Er, sorry, I meant unhoused.

Inspection 84

Inspection Agents As-is Banks 84

Toronto Realty Blog

SEPTEMBER 25, 2023

TorontoRealtyBlog Every fall, my team, the Toronto Realty Group , publishes a magazine that we call “INSIGHTS.” Alternative Brokerage Models: Are We Trying to Solve a Problem That Doesn’t Exist? ” This is sent to our client database but the content isn’t made available anywhere else.

Brokerage 97

Brokerage Industrial MLS Equity 97

Toronto Realty Blog

MAY 23, 2023

” 2) “How many offers are you expecting?” We have talked at great length about the prevalent tactic in our market of under-pricing and how many inexperienced buyer agents have no clue what they’re doing and are left caught off guard when it comes to forecasting market value. Common sense, no?

Inspection 72

Inspection Agents Sales As-is 72

Toronto Realty Blog

JANUARY 29, 2024

We have a saying in real estate that goes like this: When the market changes, it changes overnight. And, alright, maybe it’s not one hundred percent literal, but a market change like the one we’re experiencing now doesn’t happen in a month or a week. See what I mean? When the market changes, it’s not gradual.

Marketing 81

Marketing Agents Sales As-is 81

Toronto Realty Blog

APRIL 19, 2023

The thing about writing three blogs per week, going on seventeen years, is that when you have an idea for a post, you’ve got to sit down and write it. I didn’t realize it at the time, but it’s a blog-worthy story. And not just worthy but rather necessary. They love where they live. They have enough space.

Agents 79

Agents Title search As-is Closing 79

Toronto Realty Blog

NOVEMBER 8, 2023

TorontoRealtyBlog I’m on an honesty streak of late, so let me admit the following: after choosing the title of today’s blog, I came to realize that I don’t actually know what the idiom, “grasping at straws,” refers to. So where does “grasping at straws” come from? So now what?

Brokerage 88

Brokerage Agents As-is Marketing 88

Toronto Realty Blog

SEPTEMBER 22, 2021

I always find that when I’m having trouble getting a point across, whether that’s because those on the receiving end are dense, or because the subject matter is complicated, I am more successful coming up with an analogy or a metaphor. We don’t buy jeans like this. “We are selling one locker,” I explain.

Agents 102

Agents MLS Sales Land 102

Toronto Realty Blog

SEPTEMBER 15, 2023

TorontoRealtyBlog I wasn’t exaggerating when I said, in twenty years I have only ever ‘won’ in competition with a conditional offer once. Now, if you’re listing a condo at Yonge & Finch with an offer date and you receive three offers around the list price, they might all be conditional.

Inspection 85

Inspection Purchase and sale agreement Agents As-is 85

Toronto Realty Blog

APRIL 8, 2022

This is definitely not Netflix’s ‘Selling Sunset’… but the fast pace, the wins, the losses, the hectic offer nights, and of course the endless office banter and stories (as you can imagine sitting next to David is a never-ending ‘Blog’ post) are all part of what keeps me motivated and loving it ! . I honestly do. .

House Flipping 93

House Flipping Construction Industrial Agents 93

Toronto Realty Blog

APRIL 26, 2021

And at the very same time, it seemed to last forever… Case in point: I went to look up a blog post that I wrote about a seller’s bully offer dilemma, thinking it was back in February, only to find it was on March 10th. To say we were meeting and preparing early was an understatement. It feels like an eternity!

Pre-approval 100

Pre-approval Agents As-is Closing 100

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. “Some Saturday night you’re having,” the agent on the other end of the line mused. TorontoRealtyBlog.

Purchase and sale agreement 110

Purchase and sale agreement Agents Pre-approval Closing 110

Toronto Realty Blog

SEPTEMBER 27, 2023

TorontoRealtyBlog It may come as no surprise to you that I receive a lot of feedback on these blog posts. I just received this email: Hey David, A long time lurker on your blog and audience to your Pick5 videos. Thanks (Name) Keep them coming! I look back at the history of cinema as a good example. Wonder why?

Marketing 82

Marketing Land Sales As-is 82

Realty Biz

MAY 4, 2022

This is where small, simple, and inexpensive home improvement projects come in handy. When you build a back deck, your home will be instantly easier to sell this added outdoor living space. But sometimes, it’s tough to find the motivation to make big improvements. Painting the exterior of your home. Paint your kitchen cabinets.

Equity 136

Equity Renovation Design As-is 136

Toronto Realty Blog

FEBRUARY 3, 2021

I’ll be honest here: I had originally selected a different photo for today’s blog. As I write this blog on Tuesday afternoon, I’m currently involved in a 31-offer melee on 10 Fennings Street in Queen West. As Monday’s blog post detailed, the Toronto condo market is on fire. TorontoRealtyBlog.

Marketing 122

Marketing As-is Agents Sales 122

Toronto Realty Blog

OCTOBER 27, 2023

While I have a very lengthy and somewhat contentious blog post lined up for next week, let’s first take a look at some stories from the week that are now in the rear view mirror… The Weird Gets Weirder It’s a difficult market out there and many agents don’t know how to work within it. But can you blame them?

Brokerage 74

Brokerage Agents Construction MLS 74

Toronto Realty Blog

NOVEMBER 16, 2022

I don’t believe I’ve cracked 3,000 blog posts yet, but I’m close. Ergo, I have been looking forward to penning my 3,000th blog post for quite some time. The problem with having written nearly 3,000 blog posts over fifteen years is that every so often, I write a post that I’ve already written.

Banks 79

Banks Renovation As-is Sales 79

Toronto Realty Blog

AUGUST 10, 2022

If I asked you right now, “Name three songs that feature whistling,” which are the first three that would come to mind? I’m not gonna lie; I was thinking about today’s blog topic when I woke up this morning. Er, West Germany, to be exact, since they formed back in 1965. On a glory night.

Inspection 76

Inspection Agents MLS Sales 76

Toronto Realty Blog

MARCH 24, 2021

And when it comes to a relationship, aren’t there already enough days that require celebration? Yes, we met on Halloween of 2010. Does Halloween really have to be a reminder of when we first met? Anniversaries come in all different forms and have different meanings to different people. TorontoRealtyBlog.

Brokerage 121

Brokerage Agents As-is Closing 121

Toronto Realty Blog

AUGUST 2, 2023

In neither case did the buyer insert a clause in the APS that stated the property must be professionally cleaned, but it was a small gesture (probably $150 back in 2009 and $300 in 2017) and one that I felt was warranted. On Monday, we talked about the nonsense that buyers often have to go through upon closing.

Closing 75

Closing Sales Purchase and sale agreement Agents 75

Toronto Realty Blog

NOVEMBER 28, 2022

We’ve had listings that have received multiple offers and we’ve had listings that have sat on the market. We’ve had buyers successfully purchase homes amid competition in multiple offers and we’ve had buyers purchase properties with upwards of ten sign-backs on the price and terms.

Marketing 88

Marketing Agents Brokerage Sales 88

Toronto Realty Blog

NOVEMBER 24, 2021

But we know that. We’ve been talking about it for twenty months now! Did you see this coming? I would have thought if listings and transactions dropped 80% in April of 2020, and everything about how we work in this industry changed overnight, that we’d lose thousands and thousands of agents.

Agents 86

Agents Closing Brokerage As-is 86

Toronto Realty Blog

OCTOBER 11, 2022

” In real estate, we hear the words “final offer” very often. In fact, a majority of negotiations (in this case, a market where the list price is negotiated down and not up ), there is a “final offer” of some sort. But what is a final offer? And does it have any legal backing?

Agents 93

Agents As-is Land Marketing 93

Toronto Realty Blog

AUGUST 2, 2022

Well, if you consider that when it comes to music and audio technology, we first had cassettes , and then benefited from the improved technology that compact discs offered, it was the exact same thing for video! We went from Beta-Max and VHS cassettes to the logical next step: discs. What in the world is a laser-disc?

MLS 106

MLS As-is Technology Marketing 106

Toronto Realty Blog

OCTOBER 1, 2022

I mentioned in an Instagram video earlier this week that I have been writing on Toronto Realty Blog for fifteen years. And some three-thousand blog posts later, the number-one question I’ve always been asked and continue to be asked is this: “How do you come up with topics to write three times per week?”

Purchase and sale agreement 70

Purchase and sale agreement Agents Brokerage As-is 70

Toronto Realty Blog

JUNE 30, 2021

This isn’t a building where we see the “list low, hold back offer” strategy. Two weeks into the listing, we sold conditionally for $580,000. Two weeks into the listing, we sold conditionally for $580,000. “We had this condo sold for $580,000 and the deal fell through.

Purchase and sale agreement 119

Purchase and sale agreement Agents Closing Finance 119

Toronto Realty Blog

JANUARY 19, 2022

If that’s the case, then perhaps all is fair in the absolute chaos that exists in the 2022 real estate market, particularly when it comes to pre-emptive offers, aka “bully offers.” We can work with “offer dates” and “bully offers” in harmony if we accept some very basic rules.

MLS 90

MLS Brokerage Agents As-is 90

Toronto Realty Blog

APRIL 12, 2023

All offers and subsequent negotiations that end with a completed transaction should be viewed favourably, since a “deal” is the end goal. We had viewed a few homes in a multitude of areas but nothing really “fit.” We’re all expecting it, but those expectations are based on hope. Imagine that?

Agents 68

Agents Renovation Closing Sales 68

Broke Agent Media

APRIL 1, 2023

I asked ChatGPT to write this blog for me, but it spat out pure garbage. Then you can say, “April Fools, studies actually show that the buyer gets turned off by the presence of the seller and is less likely to make an offer.” (I’m Something BIG is coming. Until then, here are my April content ideas for agents!

Agents 96

Agents As-is Finance Design 96

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. Don’t say I didn’t warn you!

Purchase and sale agreement 113

Purchase and sale agreement As-is Debt-to-income ratio Marketing 113

Toronto Realty Blog

APRIL 17, 2023

They had made six offers on houses in Toronto and lost all six times. Maybe recall a few houses and what you offered?” I can tell you every house we offered on, what we offered, and what it sold for.” You’re always offering just enough to ensure you lose.”

Agents 93

Agents As-is Marketing Sales 93

Toronto Realty Blog

AUGUST 15, 2022

So the saying, I believe, would have originally come with the word: don’t. If the market is falling, some believe they have the intuition necessary to know when to buy back in; when the market has hit bottom. But then again, I guess it depends on how sharp the knife is? ” I wouldn’t agree. As in, don’t try.

Agents 78

Agents Equity Marketing As-is 78

Toronto Realty Blog

SEPTEMBER 26, 2022

Were they completely different offerings, given they were priced over $300,000 apart? The first condo was listed at $799,900 with an “offer date.” ” The second condo was listed at $1,110,000 with “offers any time.” It still shows as $799,900 with offers on September 21st.

Sales 94

Sales Agents As-is Marketing 94

Toronto Realty Blog

OCTOBER 3, 2022

If a property came onto the market today for $599,900, you went to look at it, and you were quite interested, how much would you offer? What type of market are we in? Is it under-priced for an “offer night?” This doesn’t preclude my colleague from offering $1,550,000, or less, if he wants.

Days on market 93

Days on market Marketing Agents As-is 93

Toronto Realty Blog

MARCH 30, 2022

I read the comments on the blog most of the time, just so you know. I often sought out topics that would cause debate and disagreement, whereas today, I think that’s just the natural result of anything we discuss. The topics come to me. TorontoRealtyBlog. ” When I was younger, I was far more controversial.

Purchase and sale agreement 74

Purchase and sale agreement Inspection Finance Construction 74

Realty Biz

MAY 3, 2022

This is where small, simple, and inexpensive home improvement projects come in handy. When you build a back deck, your home will be instantly easier to sell this added outdoor living space. But sometimes, it’s tough to find the motivation to make big improvements. Painting the exterior of your home. Paint your kitchen cabinets.

Equity 98

Equity Renovation Design As-is 98

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? Do you know how to access the dark web ? I love this!

Agents 90

Agents Closing As-is Marketing 90