Market Shifts

By: Keith Williams & Lisa C. Follows

Market Shifts

Tags: housing market shift, house prices

Nothing lasts forever nor stays the same. The only constant is change and so it is with the real estate market. Market shift has been on the lips of a lot of realtors lately yet no one knows exactly what it is or what it means. The media has yet to really pick up on it. But when you’re working in this business every day and often 7 days a week, you notice the subtleties pretty quickly. And t...Read More

Sell Now or Sell Later?

By: Keith Williams & Lisa C. Follows

Sell Now or Sell Later?

Tags: HOUSING MARKET, HOME PRICING, SELLING, BUYING

Realtors talk about this subject.. a lot! With a market gone crazy, this is literally a question that could cost you thousands so we discuss it often with fellow Realtors, clients, lenders and mortgage brokers, lawyers, and other colleagues in our orbits. Here’s what we know…. Sell Now The here and now. Interest rates are at an all-time low, employment is up, immigration is up, s...Read More

The Secret Formula For Pricing Your Home

By: Keith Williams & Lisa C. Follows - Real Estate Brokers

The Secret Formula For Pricing Your Home

Tags: Housing Market, Home Pricing, Selling, Buying

How do we, as Realtors, really price your home? That’s the question on everyone’s lips as they try to pin down what their home is really worth. No two agents are alike in the processes and skill sets they use, so I can only vouch for what we do here at the Williams and Follows Group.   We pull up the history of your home to check on it’s current status i.e. when it last s...Read More

Market Misconceptions

By: Keith Williams & Lisa C. Follows - Real Estate Brokers

Market Misconceptions

Tags: Real Estate, Housing Market, Buyers, Sellers, Misconceptions

Here at the Williams and Follows Team we currently have a large number of Buyers who will not list their homes until they find one to purchase. This creates a “Catch-22” situation of Sellers not listing their home, adding to the shortage of homes to buy. Historically low-interest rates have helped inflate a large pool of buyers.   Everyone has an opinion of where the market is goi...Read More

Run Up In Prices

By: Keith Williams & Lisa C. Follows

Run Up In Prices

Tags: Real Estate, Sales, Real Estate Market, Housing Market

The graph below is truly astonishing and represents the most rapid run-up in home prices, in the shortest amount of time, that I’ve seen in my 24-year career! The elevated red line represents a substantial increase in equity for you as a homeowner. The orange line represents Average Sold Prices while the blue line represents the number of transactions across Canada.   So what caused it?...Read More

Into The Ring - Reacting To A Market Shift

By: Keith Williams & Lisa C. Follows - Real Estate Brokers & Martin Rytwinski - Sales Representative

Into The Ring - Reacting To A Market Shift

Tags: Real Estate, Housing Market, Selling, Buying, Housing, Market Stats

Many buyers moved to the sidelines during the market frenzy and run-up in prices that we experienced through the last half of 2020 and first half of 2021. Nothing stays the same, however. The home buying landscape may be shifting just a bit and buyer opportunities could once again be present in the real estate market.   First of all, what is a shift and how do you spot one? Shifts are usually...Read More

House Hunting In A Bananas Real Estate Market

By: Keith Williams & Lisa C. Follows - Real Estate Brokers & Martin Rytwinski - Sales Representative

House Hunting In A Bananas Real Estate Market

Tags: Real Estate Tips, Buying, Selling, House Hunting

Back in January, we wrote an article on how to prepare yourself to purchase a house. But could any of us really prepare for the bananas real estate market we’ve witnessed this year?   A large majority of homes that are selling are getting prices that are above the asking price. One of the accusations we’ve heard is that Realtors are pricing the homes too low. That is part of the s...Read More

I Want To Buy Your House!

By: Keith Williams & Lisa C. Follows - Real Estate Brokers & Martin Rytwinski - Sales Representative

I Want To Buy Your House!

Tags: Real Estate Agents, Real Estate, Selling, Buying

  Has anyone received these hand-written notes in their mailbox? We get a continuous stream of them, not to mention the multitude of yard signs all over Durham Region advertising “We Buy Houses – Any Condition”.   Here are some of the homeowner benefits mentioned: No repairs No commissions No Open House, No Stress Flexible Terms and Closing Date No Endless Show...Read More

Dear Seller, What Are Your Chances Against This List?

By: Keith Williams & Lisa C. Follows - Real Estate Brokers & Martin Rytwinski - Sales Representative

Dear Seller, What Are Your Chances Against This List?

Tags: Real Estate Agents, Real Estate, Team, Selling, Buying

Dear Seller, What Are Your Chances Against This List?   There are currently 58,094 licensed real estate agents on the Toronto Regional Real Estate Board. That’s not all of Ontario, it’s just the GTA.   I tried to find out how many agents are licensed in New York City and the closest number I could find was around 50,000 but that’s a City of 8.2 million compared to Toron...Read More

Buying A Home? Welcome To The Jungle!

By: Keith Williams & Lisa C. Follows - Real Estate Brokers & Martin Rytwinski - Sales Representative

Buying A Home? Welcome To The Jungle!

Tags: Buying, Real Estate, Housing Market, Buyer, Buying Tips

  It’s bananas out there! The demand in Durham Region is at an all-time high as we begin 2021 and many buyers are finding themselves in bidding wars for a home. Some homes are getting from 5 to 50 offers. Let’s break this down a minute. A property in Whitby recently had 44 offers. Only 1 party bought the home so there are 43 other serious buyers still looking to buy. And that&rsq...Read More

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