Thursday, March 21, 2013
Wednesday, March 20, 2013
A New And Different Housing Bubble Is Taking Shape In US
We have seen it for several years now: foreclosure sales—there were 5 million since the peak of the housing bubble—have become the hunting grounds for investors with two goals: hanging on to these homes until the Fed’s flood of money drives up their value; and defraying the expenses of ownership by renting them out. And funds have a third goal: collecting management fees.
Thousands of smaller investors have piled into the game. And so have the giants.
Blackstone Group LP, the world’s largest private equity firm, plowed over $3.5 billion into the housing market, according to Bloomberg, to gobble up 20,000 vacant and foreclosed single-family homes. It just fattened up a credit line to $2.1 billion to do more of the same. Colony Capital LLC, which already owns 7,000, is putting $2.2 billion to work.
Last year, institutional investors made up 19% of all sales in Las Vegas, 21% in Charlotte, 23% in Phoenix, and 30% in Miami.
The Eye Of The Storm, Brian Buffini
"A real estate transaction is like a hurricane. You need to be in the eye of the storm." Brian Buffini, Peak Performers, 2013.
Brian suggests you get to the sweet spot in the hurricane, the eye of the storm.
Call Darryl Mitchell Broker Manager with RE/MAX Legacy Realty Inc. Brokerage and Certified Mentor with Buffini and Company to get details on how you can join the next Peak Performers class at RE/MAX Legacy. We offer this as a service to the real estate industry. Come find out how you can participate with us.
Biblical negotiation
"Behold, I send you forth as sheep in the midst of wolves: be ye therefore wise as serpents, and harmless as doves."
Matthew 10:16 King James Version of the Bible
How wise is that! That is the way I see it anyway!Check out other Biblical interpretations of the same verse
Part Time Agents Make RE/MAX Look Good!
I did some research this week on 2012 TREB statistics and here is what I found.
Number of agents registered on TREB: +36,729
Number of agents who did one deal or more: +20,738
Number of units sold on TREB: 97,254
Total dollar value of sales on TREB: $47,057,472,569
Number of agents who did two or more deals: 13,998!!!!
Number of agents who did 3 or more deals: 10,109!!!!
So over 1/4 of all agents in TREB statistics did 0 deals on TREB! Astounding!
6,740 agents did one deal on TREB!
1000 agents did two deals on TREB!
How do they feed their families? They must have another source of income I guess!
What a crazy way to run an industry!
RE/MAX agents did 50,539 transaction bueyr and seller ends last year, the highest success rate of any real estate brand. So over 27% of all transactions on TREB were done by RE/MAX in the GTA last year! That is success!
Now, what about RE/MAX? The average agent from RE/MAX does 10.1 transaction ends on TREB alone not to mention the exclusive, new build and referral business they do. So no wonder the part time agents make us look so good!
I read a Facebook blog from a major competitor today showing over 80 of their agents in Wednesday night training! WOW! I guess they were too busy working at their real job so they could not make the day time training we put on!
Do not fool yourself! You can make a very good living at real estate but only by taking your career, your business, seriously as a full time, committed Realtor!
Anything else is just part time! And that makes RE/MAX look really good!
That's my thoughts anyway.....
Source: Redatum, by R.E. Stats last update March 15, 2013, Datum compiled from Toronto Real Estate Board, 2012, numbers may vary by 2.5%.
Number of agents registered on TREB: +36,729
Number of agents who did one deal or more: +20,738
Number of units sold on TREB: 97,254
Total dollar value of sales on TREB: $47,057,472,569
Number of agents who did two or more deals: 13,998!!!!
Number of agents who did 3 or more deals: 10,109!!!!
So over 1/4 of all agents in TREB statistics did 0 deals on TREB! Astounding!
6,740 agents did one deal on TREB!
1000 agents did two deals on TREB!
How do they feed their families? They must have another source of income I guess!
What a crazy way to run an industry!
RE/MAX agents did 50,539 transaction bueyr and seller ends last year, the highest success rate of any real estate brand. So over 27% of all transactions on TREB were done by RE/MAX in the GTA last year! That is success!
Now, what about RE/MAX? The average agent from RE/MAX does 10.1 transaction ends on TREB alone not to mention the exclusive, new build and referral business they do. So no wonder the part time agents make us look so good!
I read a Facebook blog from a major competitor today showing over 80 of their agents in Wednesday night training! WOW! I guess they were too busy working at their real job so they could not make the day time training we put on!
Do not fool yourself! You can make a very good living at real estate but only by taking your career, your business, seriously as a full time, committed Realtor!
Anything else is just part time! And that makes RE/MAX look really good!
That's my thoughts anyway.....
Source: Redatum, by R.E. Stats last update March 15, 2013, Datum compiled from Toronto Real Estate Board, 2012, numbers may vary by 2.5%.
Under the Influence
Terry O'Reilly is the voice and producer of one of the best MBA style podcasts on radio and the internet today. His podcast "Under the Influence" is a dynamic marketing piece that every week touches on aspect of what it is like to market to today's cyber consumer. Listen to it on iTunes or on the CBC web site weekly.
Few podcasts delve deeply and crisply into the realm of customer service, marketing and the impact of how we do things on what our business results will be. Using historic and contemporary examples, O' Reilly is really portraying an advanced course of customer care and influence.
His fun approach always impresses Dan makes me look for a way to change what I do to improve my business.
More than that, I love to download it and play it on my iPad on the way to and from work each day. What a positive way to start the day!
That is the way I see it anyway
!
Go to Terry's CBC Blog
Few podcasts delve deeply and crisply into the realm of customer service, marketing and the impact of how we do things on what our business results will be. Using historic and contemporary examples, O' Reilly is really portraying an advanced course of customer care and influence.
His fun approach always impresses Dan makes me look for a way to change what I do to improve my business.
More than that, I love to download it and play it on my iPad on the way to and from work each day. What a positive way to start the day!
That is the way I see it anyway
Go to Terry's CBC Blog
Definition of Customer Service
"Customer Service is being human. It is not about the transaction it is about the connection." Terry O'Rielly, Under the Influence from CBC Radio.
Tuesday, March 19, 2013
Follow Darryl Scott Mitchell on Facebook
Here is my Facebook link.
https://www.facebook.com/settings?tab=account§ion=username
Come follow me there as well!
https://www.facebook.com/settings?tab=account§ion=username
Come follow me there as well!
Is Flaherty taking anti-competitive action on interest rates?
Read entire article
Flaherty wants to end the interest rate wars! Who does he think he is any way!
Let's look at the facts.
Manulife offered mortgages to customers who qualified at a very low 2.89%. This is hardly a war. Let's see. That amounts to a savings of, well, .002% per year. Even compounded semi annually that means .002 x $1,000 borrowed or $2 per year per thousand borrowed! Hardly earth shattering and not likely to be the determinant of anyone deciding to use Manulife for their mortgage.
Thank you Manulife! You did the right thing! You attempted to be competitive. I am certain you have underwriters who know your profitability at such levels. So congrats! You win!
In fact, if we look at the race to zero interest rates, few banks will lower their mortgage rates much further except to get our friendly mortgage brokers excited enough to pass their clients on for these "tremendous" mortgage rate savings.
My kids say I talk about the good old days too much. But, lets look back to 1981 when I paid +20% interest rates simply to run my small business of the day. Yes, I wrote +20%! Will this happen again? I guess Flaherty's concern is yes. We just do not know when.
So Mr. Flaherty, you have every right to be concerned about the effect of an interest rate war. My bet is that the war will not be fought at the 3% interest rate level. No, it will be fought when consumers are again gouged by the big banks and the government like the 80's when we paid dearly. That is a war that will leave casualties just like it did in the 1980s, lost businesses and lost homes.
That said, let us take advantage of big businesses fighting for our business with still lower rates.
Or, Jim, are you just too concerned your big bank buddies cannot compete? Or are you just protecting the profits of those big bank buddies? Either way, you are anti-competitive tampering with the banks. That is the job of the Bank of Canada.
That is the way I see it, anyway!
Flaherty wants to end the interest rate wars! Who does he think he is any way!
Let's look at the facts.
Manulife offered mortgages to customers who qualified at a very low 2.89%. This is hardly a war. Let's see. That amounts to a savings of, well, .002% per year. Even compounded semi annually that means .002 x $1,000 borrowed or $2 per year per thousand borrowed! Hardly earth shattering and not likely to be the determinant of anyone deciding to use Manulife for their mortgage.
Thank you Manulife! You did the right thing! You attempted to be competitive. I am certain you have underwriters who know your profitability at such levels. So congrats! You win!
In fact, if we look at the race to zero interest rates, few banks will lower their mortgage rates much further except to get our friendly mortgage brokers excited enough to pass their clients on for these "tremendous" mortgage rate savings.
My kids say I talk about the good old days too much. But, lets look back to 1981 when I paid +20% interest rates simply to run my small business of the day. Yes, I wrote +20%! Will this happen again? I guess Flaherty's concern is yes. We just do not know when.
So Mr. Flaherty, you have every right to be concerned about the effect of an interest rate war. My bet is that the war will not be fought at the 3% interest rate level. No, it will be fought when consumers are again gouged by the big banks and the government like the 80's when we paid dearly. That is a war that will leave casualties just like it did in the 1980s, lost businesses and lost homes.
That said, let us take advantage of big businesses fighting for our business with still lower rates.
Or, Jim, are you just too concerned your big bank buddies cannot compete? Or are you just protecting the profits of those big bank buddies? Either way, you are anti-competitive tampering with the banks. That is the job of the Bank of Canada.
That is the way I see it, anyway!
Anne Day: 11 Ways to get your home ready for the market.
Sort. Declutter. Clean... Repeat. That's been my life for the past eight months since we decided to put our home of 28 years up for sale. We're nearing the end, and my firmest hope is for a quick sale... and a long closing. So I have a break from this routine and more time before I have to pack. And clean again. If any of you are about to embark on a similar venture, here's a few pointers on getting your home ready for the sale. 1. Allow yourself plenty of time, especially if you have been...To see the original article use this link.
Time to stand up Toronto against Land Transfer Tax ripoff!
March 18, 2013 -- This is an important time to speak out against the Toronto Land Transfer Tax. Make your voice heard NOW (see below for quick and easy options).
Why is this an important time to make your voice heard?
To see the entire article go to this link
Why is this an important time to make your voice heard?
- THIS WEEK, City Council’s important Executive Committee will be debating a proposal that calls for the Land Transfer Tax to be capped, INSTEAD of being scrapped. THIS WOULD BE A STEP BACKWARDS.
- CAPPING = KEEPING. The Executive Committee needs to hear that capping is not good enough.
- We’re making progress! There has been a lot of talk about this issue at City Hall, lately, and support from the Mayor and Budget Chief. Your efforts helped to make this happen. Keep it up!
- Click here to go to TREB’s Land Transfer Tax campaign website
- The site gives you easy and quick options to send an email, fax, letter, or social media message to the Executive Committee and your councillor.
- The site also provides an easy option for you to send an email invitation to your contracts to encourage them to visit the site to also speak out on this issue.
Wednesday, March 13, 2013
When is a home matrimonial?
As Realtors we have been pounded on that when two married people have lived as a married couple in the same home, that the home is matrimonial and permission to sell the home is required by the non titled spouse simply to sell the home. Is that always the case?
Well, in lawyers words, that depends.
In a recent example a listing was held by a brokerage where one spouse had title. The other spouse had moved out of this home some time ago and the two, still married spouses lived in two separate homes. Was the original home a matrimonial home? Well that depends.
Most Realtors would say yes. The problem is, we are not lawyers but Realtors. We do not interpret the law. Nor do we write the law. We must live by what the law states only.
So, in this case, take the question to a higher authority, your. Broker, Manager or a lawyer who represents you or your client.
In this example the seller spouse on title stated it was not a matrimonial home. Just sell it and he would deal with all matrimonial issues. A review with the brokerages lawyer we found that the matrimonial status of the home was questionable. In fact, since both spouses owned a home, perhaps the home for sale was not matrimonial.
So, could we sell it without a matrimonial spousal signature, yes. Would it be best to have that signature? Yes. But could we sell it and close it without on? Yes.
So there is no straight answer for this question. If you ask five lawyers, you will get five answers.
My answer, that depends! Guess I am sounding like a lawyer!
Well, in lawyers words, that depends.
In a recent example a listing was held by a brokerage where one spouse had title. The other spouse had moved out of this home some time ago and the two, still married spouses lived in two separate homes. Was the original home a matrimonial home? Well that depends.
Most Realtors would say yes. The problem is, we are not lawyers but Realtors. We do not interpret the law. Nor do we write the law. We must live by what the law states only.
So, in this case, take the question to a higher authority, your. Broker, Manager or a lawyer who represents you or your client.
In this example the seller spouse on title stated it was not a matrimonial home. Just sell it and he would deal with all matrimonial issues. A review with the brokerages lawyer we found that the matrimonial status of the home was questionable. In fact, since both spouses owned a home, perhaps the home for sale was not matrimonial.
So, could we sell it without a matrimonial spousal signature, yes. Would it be best to have that signature? Yes. But could we sell it and close it without on? Yes.
So there is no straight answer for this question. If you ask five lawyers, you will get five answers.
My answer, that depends! Guess I am sounding like a lawyer!
RE/MAX Legacy Professional Development for March and April, 2013
At RE/MAX Legacy professional development is a vital part of our overall personal growth program. Whether it is personal development through physical fitness or mental development through a host of educational program, Legacy leads the way in helping proficient Realtors to become even more effective and efficient. For April we have a number of excellent events to provide the best in professional skill development.
RE/MAX again sponsors the Canadian National Home Show and Canada Bloms!
Call for VIP tickets to The Canadian National Home Show and Canada Blooms
As the major sponsor for these two tremendous events RE/MAX provides VIP entry tickets so you can get special treatement while at these events.
Where better to see the most current decor and building ideas. At Canada Blooms you can perpare fpr the summer gardening season with the most current gardening techniques and decor. Where else can you view two renound shows at once!
RE/MAX VIP Benefits:
As the major sponsor for these two tremendous events RE/MAX provides VIP entry tickets so you can get special treatement while at these events.
RE/MAX VIP Benefits:
- Entry into the 2013 Canada Blooms Show
- Exclusive RE/MAX VIP Entrance and Complimentary Coat Check (Enter through Galleria Hall B)\
- Front row seating at The Unilock Celebrity Stage,presented by HGTV
- Front of the line access to The Dream Home (Quality Homes)
- Complimentary wine tasting in the RE/MAX VIP Pavilion (Booth #5448)
- RE/MAX Choose & Win Contest: Enter to WIN your Down Payment Contest OR Enter to Win the Curbalicious Contest with Landscape Ontario
Peak Performer today
When was the last time you selected a new hair stylist? How about a new doctor or dentist? How did you choose this service supplier? At random? Or, did you do what most people, do ask a friend who they recommended?
That is the beginning of a referral type of business development. Yes, most people ask their friends who they would recommend for any service. What is the store you would use for......? Who does your hair......? Where would you go for a vacation......?
The very best businesses and brands in the world work on word of mouth referrals. Think Facebook, LinkedIn, Twitter, Four Square, all referral style of marketing tools. That is just what Brian Buffini has been promoting in his professional development series PEAK PERFORMER. The development of a referral style of business I fundamental to success in real estate sales.
Come join us as we do week 8 of PEAK PERFORMER from Brian Buffini! This exciting professional development program is designed to make your business move forward to develop the techniques that will make you a Peak Performer in real estate or Mortgage sales. More than that you develop a referral mentality in your business development.Brian Buffini Web Site
That is the beginning of a referral type of business development. Yes, most people ask their friends who they would recommend for any service. What is the store you would use for......? Who does your hair......? Where would you go for a vacation......?
The very best businesses and brands in the world work on word of mouth referrals. Think Facebook, LinkedIn, Twitter, Four Square, all referral style of marketing tools. That is just what Brian Buffini has been promoting in his professional development series PEAK PERFORMER. The development of a referral style of business I fundamental to success in real estate sales.
Come join us as we do week 8 of PEAK PERFORMER from Brian Buffini! This exciting professional development program is designed to make your business move forward to develop the techniques that will make you a Peak Performer in real estate or Mortgage sales. More than that you develop a referral mentality in your business development.Brian Buffini Web Site
Thursday, March 7, 2013
Home Verified from Geowarehouse offers great info on a home
Instant delivery of nation-wide data, just a click away,after getting homeowner consent, in an easy-to-read detailed electronic report:
- Insurance Claims
- Grow-Op & Meth Lab Records
- Claims Analysis for a Neighbourhood
- Local School Rankings
- Neighbourhood Amenities
- Local Political Representatives & Contact details
Home Veified Site
Conservatives want Ontario to allow electronic signatures in real estate deals | CTV Toronto News
Isn't it dandy that the politicians attempt to claim the credit for OREA's push for modernizing the real estate transaciton! I highly praise the Conservwtive member for putting this private members bill forward once again. Remember it died when parliament was proroged last fall. It takes initiative for any member to bring forward a very positive change. That said, OREA has been the stalwart behind this action for some time. Thank you to both on your hard work on this much needed initiative.
Conservatives want Ontario to allow electronic signatures in real estate deals | CTV Toronto News
Conservatives want Ontario to allow electronic signatures in real estate deals | CTV Toronto News
Tuesday, March 5, 2013
Invest in Orlando Florida Real Estate
Ever wondered what it would be like to own a piece of Florida? No time has it ever been affordable than now. Orlando Florida real estate is less expensive than any time in recent history and a unique opportunity now exists to buy in Florida, investment property that is not only a great investment today but has the potential of going up in price to make it a huge investment play.
While stocks and bonds have been staggering up and mostly down, the current market has made property investment in Florida such a unique and timely opportunity.
Contact Darryl Mitchell to learn more about the opportunities that Orlando, Florida offers the astute investor.
While stocks and bonds have been staggering up and mostly down, the current market has made property investment in Florida such a unique and timely opportunity.
Contact Darryl Mitchell to learn more about the opportunities that Orlando, Florida offers the astute investor.
Timeshare in Orlando offers great value
Orlando, Florida? What about an opportunity to own a time of rest and relaxation near the capital of fun, Disneyland?
Well we can refer you to a free 3 day vacation at one of the world's best known vacation sites, Orlando Florida. Contact Darryl Mitchell for details by email so he can set up this free Orlando vacation. Please note that some restrictions may apply and time may be limited. Additional time may be booked at a nominal cost per day.
So do not delay, contact Darryl today while the opportunity lasts!
Monday, March 4, 2013
Sunday, March 3, 2013
Mark Weisleder, lawyer extraordinaire
Visit Mark's Web Site
Mark Weisleder is well known in real estate circles as a lawyer who knows the business of real of real estate and takes a stand on issues of importance to the industry and consumers. As well Mark is the lawyer for Real Estate Transaction Centre, the virtual real estate closing brand that has recently become a force in the GTA. Contact him for your real estate needs and find out how RETC can assist you!
Mark Weisleder is well known in real estate circles as a lawyer who knows the business of real of real estate and takes a stand on issues of importance to the industry and consumers. As well Mark is the lawyer for Real Estate Transaction Centre, the virtual real estate closing brand that has recently become a force in the GTA. Contact him for your real estate needs and find out how RETC can assist you!
Do I need to disclose!
One of the most controversial questions in real estate today is do I need to disclose some issue on a property I am selling or I am representing as a Realtor? I believe the question is not do I disclose but what is my obligation to my client? What are my duties and responsibilities to the person I am representing?
My opinion only, as a long term Realtor, Broker and Mentor to literally thousands or Realtors is definitively, "Yes! You should disclose!"
In they press for several years a competent legal expert has stated, in a well know newspaper that you should not disclose as the statement of disclosure might lead to legal actions due to some perceived error in the disclosure of the truth.
In some cases there have been issues that may not be a simple decision as to whether they need disclosure. Some one dies in a home. Is it necessary to disclosed? The home had a foundation that leaked but I fixed it professionally. Should I disclose? My Neighbour is a bad person and difficult to live next to. Must I disclose?
The fact of the matter is simple in my mind and that of Mark Weisleder well known Lawyer and real estate lecturer, you should disclose truths know by the seller and you, the Realtor, simply to prevent a lawsuit. One duty of a Realtor is the Duty of Competence, a Competent Realtor will tell any seller they must disclose any Latent Defect for a property, something that a willing Buyer would want to know in order to make a reasonable decision of the property's utility for them and the amount they would offer to purchase the Proeprty for. To me this is a simple act and decision for any property I represent, disclose known defects in writing and before any offer decision.
Yes, my client may be sued if his disclosure statement is inaccurate, but he will be sued if he does not disclose a known issue of importance for a property. The defense is much simpler when the disclosure is done in a well intended, accurate manner. So, in my, non lawyer but Realtor opinion, disclose!
My opinion only, as a long term Realtor, Broker and Mentor to literally thousands or Realtors is definitively, "Yes! You should disclose!"
In they press for several years a competent legal expert has stated, in a well know newspaper that you should not disclose as the statement of disclosure might lead to legal actions due to some perceived error in the disclosure of the truth.
In some cases there have been issues that may not be a simple decision as to whether they need disclosure. Some one dies in a home. Is it necessary to disclosed? The home had a foundation that leaked but I fixed it professionally. Should I disclose? My Neighbour is a bad person and difficult to live next to. Must I disclose?
The fact of the matter is simple in my mind and that of Mark Weisleder well known Lawyer and real estate lecturer, you should disclose truths know by the seller and you, the Realtor, simply to prevent a lawsuit. One duty of a Realtor is the Duty of Competence, a Competent Realtor will tell any seller they must disclose any Latent Defect for a property, something that a willing Buyer would want to know in order to make a reasonable decision of the property's utility for them and the amount they would offer to purchase the Proeprty for. To me this is a simple act and decision for any property I represent, disclose known defects in writing and before any offer decision.
Yes, my client may be sued if his disclosure statement is inaccurate, but he will be sued if he does not disclose a known issue of importance for a property. The defense is much simpler when the disclosure is done in a well intended, accurate manner. So, in my, non lawyer but Realtor opinion, disclose!
Nobody Sells More Than RE/MAX
Nobody in Canada sells more real estate than RE/MAX! With 35% market share in Canada RE/MAX sells in every province more than other brands, even brands that have been here for generations.
Why! Competent, full time Realtors who know the market, how to price effectively, how to negotiate to win, and how to followup with their clients, our clients, better than any other. Think real estate, think RE/MAX!
Cambria, the source of quality quartz products.
Tracey Driver knows the sign that Sells! RE/MAX!
Tracey Driver knows the sign that sells. She has been a part of RE/MAX for many years and enjoys the RE/MAX advantage. More signs, more listings, more market share, that is what RE/MAX offers to each and every Realtor that works beside the RE/MAX sign. Not to mention the satisfied customers work with every day. Contact Tracey to hear more about RE/MAX!
Virginia Munden knows a Purple Cow when she sees one!
Virginia Munden of the Wayne and
Virginia Munden knows a purple cow when she sees on. That is why she and Wayne and their dynamic team of Realtors joined RE/MAX Legacy last August. Call her to find out what RE/MAX Legacy has done to move their team into a new level of success!
Wayne and Virginia Munden
Great new RE/MAX Legacy team in Brampton
Welcome to the Asensio team to RE/MAX Legacy. Joe and Nina, glad to share in your success!
Joe and Nina Asensio
Saturday, March 2, 2013
RE/MAX Legacy Square One Office Staff second to none!
We are so proud of our front desk staff who make us all look so great! The stresses of administering any office are great. These three make our work so efficient, error free and fun. What a great crew! Thank you so much from all of the Square One Office!
RE/MAX Legacy Realty Inc. Site
RE/MAX Legacy Realty Inc. Site
Friday, March 1, 2013
RE/MAX Legacy unveils its new sign at Square One
Square One will never look the same as RE/MAX now adorns the west wall of Mississauga's leading mall!
RE/MAX Legacy Realty Inc. unveiled its new sign for the Square One Branch last night. The sign stands boldly pin pointing the fastest growing RE/MAX office in Canada. The sign that represents the RE/MAX brand is known around the world for high quality, full time Realtors. In Mississauga RE/MAX continues to hold a commanding market share with almost one third of all transactions being as the result of hard work from a RE/MAX Realtor.
So come visit us and see what all the excitement is all about!
RE/MAX, Above the Crowd, around the world and right here in Mississauga!
RE/MAX Legacy Realty Inc. unveiled its new sign for the Square One Branch last night. The sign stands boldly pin pointing the fastest growing RE/MAX office in Canada. The sign that represents the RE/MAX brand is known around the world for high quality, full time Realtors. In Mississauga RE/MAX continues to hold a commanding market share with almost one third of all transactions being as the result of hard work from a RE/MAX Realtor.
So come visit us and see what all the excitement is all about!
RE/MAX, Above the Crowd, around the world and right here in Mississauga!
Subscribe to:
Posts (Atom)