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

Full Service Realtors, Discount Realtors, FSBO, IBuyer: What are the Differences?

By: Keith Williams & Lisa C. Follows

Full Service Realtors, Discount Realtors, FSBO, IBuyer: What are the Differences?

Tags: Real Estate, Selling, Real Estate Agents, Realtors, For Sale By Owner, Customer Service

Full-Service Realtors, Discount Realtors, FSBO, IBuyer: What are the Differences?     The Province of Ontario doesn’t regulate real estate commissions and, as such, there is no standard commission but there are some typical models, as well as some newer entries into the marketplace. There is literally something for everybody, so how do they stack up?   For Sale By Owners (FSBO...Read More

The Rent To Own Option

By: Keith Williams & Lisa C. Follows

The Rent To Own Option

Tags: Rent to Own, Buying, Buying a House, Real Estate, Buyers, Renting

The Williams and Follows Team is thrilled to be associated with Clover Properties, to offer an Assisted Purchase Program (rent-to-own) to those prospective homebuyers who want to own a home now, but can’t get the funded through a traditional lender.   What is “Rent To Own?”   Simply stated, rent-to-own is a way to get into homeownership sooner rather than later and to s...Read More

How Is The Market Different From Last Year?

By: Keith Williams & Lisa C. Follows - Real Estate Brokers & Sam Awwadah - Sales Representative

How Is The Market Different From Last Year?

Tags: Pandemic, COVID, Market, Housing, Real Estate, Market Stats

We were waxing nostalgic the other day while looking back over headlines in the pre-COVID era. Here’s a few:   Canadians Can Expect A Vibrant Spring Market (January) The Toronto Real Estate Market is Suddenly on Fire Again (February) Toronto Home Prices Expected to Rocket in 2020 (December 2019)   And post-COVID Toronto Real Estate Sales Plunge as Virus Weighs On Market (Ap...Read More

What’s Happening in the World of COVID Financing?

By: Keith Williams & Lisa C. Follows - Real Estate Brokers & Sam Awwadah - Sales Representative

What’s Happening in the World of COVID Financing?

Tags: Real Estate, Clients, Mortgage, Buying, Selling, Financing

Just like every other industry, the world of lending has been affected by COVID-19. Here are some things you should be prepared for:   Paperwork: Lenders will want all your documentation upfront and you want it to be super-organized. Proof of income, a dated job letter, paystubs and your T4 or Notice of Assessment. They’ll also want to know that you’ve been working over the last 3...Read More

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