Constantine Isslamow - Blog - Constantine Isslamow

Recent Blog Posts by Constantine Isslamow
Is the recession really over? After a brutal downturn, Canada's economy eked out growth of 0.1 per cent in June – the first monthly increase in the gross domestic product since July, 2008. Economists took this as a sign that the economy is finally turning the corner, but cautioned that the recovery is fragile. One month of growth certainly does not by itself herald an end to the recession but there are plenty of indications ... Posted by Constantine Isslamow on August 31, 2009		More
Coaching Tips & Strategies Tip #19 PRESENTING AND NEGOTIATING THE OFFER Let’s set the stage: You’ve written the offer and it’s time to present it to the sellers. Do you simply fax it over to the listing agent and await their response? Let me ask you this, is that truly representing the buyer? Of course not. Call the listing agent and let them know you would like to personally present the ... Posted by Constantine Isslamow on August 29, 2009		More
Coaching Tips & Strategies #20 Tip 20 LISTING STRATEGIES (1) Why do we want take more listings? Think of the following benefits. Schedule Management: You can work with a buyer for hours, days and even months, and never get a sale. When you are working with buyers, you are working for all the other Sales Representatives in your marketplace trying to sell their listings. When you work with sellers, ... Posted by Constantine Isslamow on August 29, 2009		More
New U.S. home sales surge 9.6 per cent New U.S. home sales surged 9.6 per cent in July, rising for the fourth straight month and beating expectations as the housing market marches steadily back from its historic downturn. The Commerce Department said Wednesday that sales rose to a seasonally adjusted annual rate of 433,000 from an upwardly revised June rate of 395,000. Sales are now up more than 30 per cent from the bottom in January, ... Posted by Constantine Isslamow on August 26, 2009		More
Canada prices for repeat sales of homes up again TORONTO -- Prices for repeat sales of Canadian homes climbed for a second straight month in June on gains in four of six metropolitan areas, including Vancouver, a report on Wednesday showed. The Teranet-National Bank National Composite House Price Index, which measures the rate of change of prices for repeat sales of single-family homes in six metropolitan areas, rose 1.5% in June. "The turnaround ... Posted by Constantine Isslamow on August 26, 2009		More
Central banks signal low rates here to stay OTTAWA -- Despite growing confidence that economic growth is in the offing, monetary policy around the world is likely to remain "ultra-accommodative," perhaps until 2011, as doubt remains as to whether or not the growth expected this quarter is sustainable, analysts say. That is the view emerging following the weekend gathering of the world's leading central bankers in Jackson Hole, Wyo., highlighted ... Posted by Constantine Isslamow on August 25, 2009		More
Coaching Tips & Strategies #18 Tip #18 PREPARING THE OFFER It’s typical of the real estate industry, everyone wants to submit a lowball offer. Your first step is to bring buyers to the reality of your current marketplace. How do you do this? Is it a buyers market or is it a sellers market? Additionally, your other responsibility is to negotiate in the best interest of your buyer. Keep in mind, negotiating ... Posted by Constantine Isslamow on August 21, 2009		More
Canada inflation rate hits 56-year-low Canada's annual inflation rate hit a 56-year-low in July, when prices fell by 0.9 percent from a year earlier on sharply lower energy prices, Statistics Canada said on Wednesday. Analysts had on average expected an annual decline of 0.8 percent. July's figure -- the lowest since the 1.4 percent drop recorded in July 1953 -- is far weaker than the Bank of Canada's target range of around 2 percent ... Posted by Constantine Isslamow on August 19, 2009		More
July PKAR Sales Activity SALES ACTIVITY: PROPERTY TYPE July 2009 July 2008 + / - % Residential 270 234 +13.3% Cottages/Waterfront 34 26 +30.7% Farms 5 6 -16.7% Vacant Land 18 14 +28.6% Income/Commercial 7 7 0.0% Total 334 287 +16.4% ... Posted by Constantine Isslamow on August 18, 2009		More
Nationwide Building Permints Nationwide Building Permits - June 2008 Residential $2,682,375,000 Commercial $2,506,480,000 Total $5,188,855,000 I hope you find this information useful. Thanks for stopping by. Constantine Isslamow Broker/Manager Source: Stats Canada - preliminary figures Posted by Constantine Isslamow on August 15, 2009		More
Average House Prices by Province Average House Prices by Province Jun 2009 Jun 2008 Jun 2007 National $326,613 $314,028 $315,332 Yukon $281,420 $257,647 $209,687 Northwest Territories $331,696 $321,812 $314,022 British Columbia $461,931 $463,458 $446,893 Alberta $346,955 $363,638 ... Posted by Constantine Isslamow on August 15, 2009		More
Average House Prices by City Average House Prices by City Jun 2009 Jun 2008 Jun 2007 Yellowknife $331,696 $321,812 $314,022 Vancouver $575,949 $611,613 $564,702 Victoria $476,686 $476,639 $573,415 Edmonton $328,285 $341,376 $350,357 Calgary $392,601 $418,866 $427,205 ... Posted by Constantine Isslamow on August 15, 2009		More
Current Bank & Prime Rates August 15, 2009 Current Bank & Prime Rates Bank Rate 0.50% Prime Rate 2.25% I hope you find this information useful. Thanks for stopping by. Constantine Isslamow Broker/Manager Source: Bank of Canada Posted by Constantine Isslamow on August 15, 2009		More
Coaching Tips & Strategies #17 Showing and Selling Property The culmination of your previous efforts has arrived. Your abilities you have been practicing and the strategies you plan to use is now ready to begin. Here is the process of showing and selling a home to a buyer: Allow the buyer to look at the home at their pace. Don’t smother them and don’t walk into small rooms. Allow ... Posted by Constantine Isslamow on August 15, 2009		More
Nationwide Sales are on the rise. The Canadian Real Estate Association said Friday that 50,270 homes traded hands on the Multiple Listing Service in July. That's 18.2 per cent more than in July, 2008. I hope you find this information useful. Thanks for stopping by. Constantine Isslamow Broker/Manager Source: Canadian Real Estate Association Posted by Constantine Isslamow on August 15, 2009		More
Second Quarter Existing-Home Sales Rise Existing-home sales in the second quarter showed healthy gains from the first quarter in the vast majority of states, and price declines have increased affordability in most metro areas, according to the latest survey by the NATIONAL ASSOCIATION OF REALTORS®. Total state existing-home sales, including single-family and condo properties, rose 3.8 percent to a seasonally adjusted annual rate of ... Posted by Constantine Isslamow on August 15, 2009		More
Distressed Sales During the second quarter, 129 out of 155 metropolitan statistical areas reported lower median existing single-family home prices in comparison with the second quarter of 2008, while 26 areas had price gains. Distressed sales – foreclosures and short sales – accounted for 36 percent of transactions in the second quarter, which continued to weigh down median home prices because they typically ... Posted by Constantine Isslamow on August 15, 2009		More
Snapshot Across the U.S. Market Regionally, NAR reports the following with existing-home sales: Northeast: jumped 15 percent in the second quarter to a pace of 797,000 units but are 8.4 percent below a year ago. The median existing single-family home price in the Northeast declined 9.7 percent to $246,000 in the second quarter from the same quarter in 2008. After Elmira, N.Y., the best gain in the region was in Buffalo-Niagara ... Posted by Constantine Isslamow on August 15, 2009		More
CENTUM Mortgage Rates Effective August 13, 2009 GET THE MORTGAGE THAT MEETS YOUR NEEDS With unbiased advice, fast, flexible service, competitive rates, and access to many lending sources, I can make sure you get the mortgage that meets YOUR needs. Call me today and SAVE! Posted Rate % Best Rate % 1-year ... Posted by Constantine Isslamow on August 13, 2009		More
Coaching Tips & Strategies #16 The Home Tour You’ve completed all of the initial steps before you start showing property, it’s now time to set-up your home tour and schedule showing appointments. Here are the critical steps: Less is more: The more homes you show a buyer, the more confused they get. Drill down to the specific wants and needs of your buyer. This information is gathered during ... Posted by Constantine Isslamow on August 12, 2009		More
U.S. Federal Reserve leaves rates unchanged The U.S. Federal Reserve has left interest rates unchanged at zero to 0.25 per cent, and says economic conditions likely warrant exceptionally low levels for an extended period. I hope you find this information useful. Thanks for stopping by. Constantine Isslamow Broker/Manager Posted by Constantine Isslamow on August 12, 2009		More
Coaching Tip & Strategies #15 SHOWING THE HOME Now it's time to get them into the car and start the homes tour .... ??? Of course, that will depend on your market-inventory knowledge. Certainly you can convert all kinds of incoming buyer calls to appointments, but if you don't know the current inventory, you're going to waste a lot of your time, the buyers time, and look very unprofessional. Knowledge is power, do you have ... Posted by Constantine Isslamow on August 8, 2009		More
Coaching Tip & Strategies #14 INITIAL APPOINTMENT So congratulations, you have converted an incoming buyer call to an appointment. Now what? Are you going to charge right out the door and start showing houses? I sure hope not. Approach the buyer in the same fashion that you deal with a seller. Do you have a buyer presentation? Do you have a buyer qualification process that you use? Do you have a buyer ... Posted by Constantine Isslamow on August 8, 2009		More
Coaching Tip & Strategies #13 CONVERT THE CALL When you get that incoming buyer call, they are full of questions and just want answers. How do you gain control of an incoming call? Is it by providing answers or when you ask questions? Just find out what the buyers needs are, then deliver based on those wants and needs. Here are a couple typical mistakes I see when a buyer calls in. The agent goes into sell mode, ... Posted by Constantine Isslamow on August 8, 2009		More
Coaching Tip & Strategies #12 PHONE CONVERSION So what is the benefit for a potential buyer to take the time and schedule an appointment to meet with you? "Would you see value in viewing pictures of the inside of all the homes that fit your search criteria, rather than to drive around and call agents and schedule individual appointments to see the inside of each home?" "Would you see value in reviewing a current snapshot ... Posted by Constantine Isslamow on August 8, 2009		More

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