Why do Real Estate Lawyers Cost so Much?

  October 07 2019 •   From: Blog

When buying a home, it's important to have a lawyer review the agreement and handle the necessary registrations. But why does this service cost so much? Is it really worth the money to hire a real estate lawyer for your purchase? 

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  Is Your House Priced Too High?

  October 04 2019 •   From: Blog

These days, Ottawa is experiencing a "sellers' market," which happens when there aren't enough available homes to meet demand. With more buyers than sellers, buyers find themselves competing for properties, which drives up prices in many segments of the marketplace. 

Despite the competition and high demand, a property that is priced too high may linger on the market longer than expected. Here are some signs that your property may be listed for too high a price, and what to do about it. 

Market Comparables 

Your agent will show you data from similar properties that have sold in your neighborhood over the past few months. Sometimes the data will show a clear trend in terms of pricing, but in other cases outliers can skew the trend. Discuss these comparable properties in detail with your agent, and decide on a pricing strategy that aligns with what buyers are willing to pay to live in your neighborhood, or in the type of home you have to sell. 

Feedback from Buyers and Agents

When an agent books a showing at a property, they receive a request for feedback when the showing is complete. This feedback can be tremendously important when it comes to positioning (or re-positioning) your home in the market. If agents consistently say that their buyers feel the price is too high, it might be time to consider a price reduction. 

No Showings

Properties that are priced too high can often by identified by a lack of agents and buyers asking to book showings. Buyers may view the property online, but decide that they aren't willing to pay the price based on photos alone. Or, buyers may not even see the listing online because the price puts it outside their search parameters. Sometimes homes see a flurry of initial activity, with lots of buyers and agents coming to showings and open houses -- but the showings soon dry up, and no offer materializes.

 

 

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  715 Bowercrest Crescent - Riverside South; Gloucester Glen Ottawa, ON, K1V 2M3

  October 03 2019   •   From: Listings

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715 Bowercrest Crescent

Welcome to 715 Bowercrest Crescent in Riverside South, Ottawa. This two bedroom, three bathroom townhome with loft offers quiet living with no front neighbors and a private backyard.  Step into the beautifully tiled sunken foyer, designed with plenty of room for families on the go. A spacious closet with mirrored doors provides ample storage solutions. Here you’ll also find a powder ...

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  960 Teron Road, Unit 405 - Beaverbrook Kanata, ON, K2K 2B6

  September 26 2019   •   From: Listings

960 Teron Road, Unit 405

Welcome to 405 at The Atriums of Kanata, 960 Teron Road. This meticulously maintained condo community offers all the amenities you could want, in a great location.  This two bedroom, two bathroom unit offers open-concept living with a spacious living and dining area. Floor-to-ceiling windows separate the living room from the tiled solarium. Enjoy the beauty of balcony views with year-round ...

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  232 Marilyn Avenue - Revelstoke/Mooneys Bay Ottawa, ON, K1V 7E5

  September 16 2019   •   From: Listings

232 Marilyn Avenue

Welcome to 232 Marilyn Avenue, a three bedroom, three bathroom California bungalow in the heart of Revelstoke, Ottawa. This custom-built home sits on a former nursery, and offers a view of mature trees from every window.  Step from the generous front porch into the tiled entryway. You’ll have plenty of space to welcome guests to your home, as well as an abundance of storage in the ...

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