| Recent Blog Posts by Constantine Isslamow | ||
Highlight from the 2009 NAR Profile of Home Buyers and SellersCharacteristics of Home Buyers
Forty-seven percent of recent home buyers were first-time buyers.
The typical first-time home buyer was 30 years old, while the typical repeat buyer was 48 years old.
The 2008 median household income of buyers was $73,100. The median income was $61,600 among first-time buyers and $88,100 among repeat buyers.
Twenty-one percent of recent home buyers were ...
Posted by Constantine Isslamow
on December 11, 2009
|
More | |
Becoming Licensed to Sell Real Estate in OntarioA career in real estate is for people who enjoy helping people. You also like:
Flexibility in your schedule
Variety in your day
Being connected to the world with tools and technology like cell phones, PDAs, and laptop computers
Trading in real estate is a dynamic career choice, with market conditions and legislation constantly changing. Life-long learning is essential to retaining your edge. ...
Posted by Constantine Isslamow
on October 25, 2009
|
More | |
Coaching Tips & Strategies #31LISTING STRATEGIES (12)
Steps 6 – 8 of the listing presentation.
6. Choose a spot to present: Give the sellers two options, the kitchen table or the dining room table. This is a business meeting and you are dealing with what is typically their largest investment. Do NOT sit directly across from the sellers. This is a confrontational position and you may lose the listing ...
Posted by Constantine Isslamow
on October 17, 2009
|
More | |
Coaching Tips & Strategies #30LISTING STRATEGIES (11)
The first FIVE STEPS of the listing presentation
1. Show up on time: As simple as it seems, you would be amazed at how many times a Sales Representative/Broker shows up late for a listing presentation. I sit in my office and watch clients arrive at the office with no Sales Representative/Broker here to greet them.
2. Dress professionally. ...
Posted by Constantine Isslamow
on October 13, 2009
|
More | |
Coaching Tips & Stragegies #29LISTING STRATEGIES (10)
First, have you prequalified the Sellers for their motivation? Do they have you packet of information and comparables? What is your system that you follow when you arrive for the marketing presentation? How long is your presentation?
Here are the 14 productive elements to a great listing presentation.
Show up on time
Dress professionally
Have a clipboard ...
Posted by Constantine Isslamow
on October 9, 2009
|
More | |
Coaching Tips & Strategies #28LISTING STRATEGIES (9)
A feature is what you have or do; the benefit is what your client is going to experience! Or it could be the result from any particular feature.
Here’s a look at a couple of basic features and benefits for you to use in your listing presentation.
Feature: Great Technology
Benefit: A huge percentage of home buyers are starting their initial home search on the internet. ...
Posted by Constantine Isslamow
on October 3, 2009
|
More | |
Real Estate Trend Indicator September 2009http://onlineoffice.century21.ca/PublicStorage.c?ID=ecdc33b3-0d42-4f81-b9e2-c3864da0e29b
The 3rd quarter of 2009 came to an end on September 30th. Looking at the City of Peterborough, sub-districts 1-5, single family, all types, we are clearly still in a buyers market with only 3.0 months of inventory. The last quarter had an average number of sales of 119. Currently there are 274 listings. ...
Posted by Constantine Isslamow
on October 2, 2009
|
More | |
Coaching Tips & Strategies #27LISTING STRATEGIES (8)
The critical differences between Features and Benefits:
I hear it all the time, “We’re the best or I’m the best because we have the best this and the most advanced that” “So what?”
Features are not the piece that excites someone to take action, it’s the Benefit.
The consumer wants to know, “What is the benefit of working ...
Posted by Constantine Isslamow
on September 30, 2009
|
More | |
Coaching Tips & Strategies #26LISTING STRATEGIES (6)
How are you verbalizing your marketing skills?
(Example Step 3, - Market Knowledge):
What is market knowledge? Is it a simple Market Analysis or is there more to it?
Do you know the difference between Median Prices vs. Average Sales price?
If so, what does it all really mean?
How about days on market? Sales price as a percentage of list prices?
Your commitment is ...
Posted by Constantine Isslamow
on September 23, 2009
|
More | |
Coaching Tips & Strategies #25LISTING STRATEGIES (6)
How are you verbalizing your marketing skills?
(Example Step 2, - Marketing Skills):
“Mr. and Mrs Seller, marketing your home is defined by using cost-effective, results proven strategies to get your home sold....Maximum exposure to the greatest number of potential buyers.... What are your expectations of me in marketing your home?”
Sure, you have all the ...
Posted by Constantine Isslamow
on September 19, 2009
|
More | |
Coaching Tips & Strategies #24
LISTING STRATEGIES (5)
“You know the market, you know how to market and you’re a great negotiator.”
But how are you at verbalizing your negotiating skills?
(Example, Step One – Negotiating Skills):
“Mr. And Mrs. Seller, in your opinion, who do you feel the primary person is that I negotiate with when getting your home sold?”
The typical answer ...
Posted by Constantine Isslamow
on September 18, 2009
|
More | |
Coaching Tips & Strategies #23LISTING STRATEGIES (4)
Let’s talk about the “Listing Presentation”. It’s the one time that you have to verbalize your value proposition and someone else gets to measure whether you are worth it or not.
Buyers are easy to work with...they call on a sigh, you set an appointment, you ask them if they like the house, they say yes, you fill in the blanks on the contract, ...
Posted by Constantine Isslamow
on September 12, 2009
|
More | |
Units Sold January 1, 2009 - August 31, 2009 by Price PointsPeterborough and The Kawarthas Number of Units Sold by
Price, Average Days on Market and Sale to List%
January 1, 2009 – August 31, 2009
Price
Units Sold
Average Days
Sale to List %
<30,000
0
0
0
30000-39999
1
98
80
40000-49999
3
149
83
50000-59999
0
0 ...
Posted by Constantine Isslamow
on September 7, 2009
|
More | |
Stats You Should Know August, 2009Here is a recap of activity for the Peterborough Kawartha Association of REALTORS®.
Total active listings
2,127
Compared to last year at this time
2,442
Average list price
$236,759
Average market time
81 Days
Compared to last year at this time
69 Days
List price vs. sales price ratio
96%
Compared ...
Posted by Constantine Isslamow
on September 5, 2009
|
More | |
Housing StartsTotal New Housing Starts (Seasonable adjusted and annualized)
Province
May 2009
May 2008
June 2009
June 2008
July 2009
July 2008
Newfoundland/Labrador
2,800
2,900
2,900
2,800
2,900
1,800
PEI
800
700
1,000
600
600
400
Nova Scotia
2,900
3,800
2,700 ...
Posted by Constantine Isslamow
on September 4, 2009
|
More | |
Resale pricesAverage MLS resale price for local markets
City
July 2008
July 2009
Halifax
$236,514
$243,524
Saint John, NB
$154,273
$156,010
Montréal
$272,039
$280,890
Ottawa
$295,134
$300,635
Toronto
$371,410
$395,414
Hamilton/Burlington
$281,580
$296,591 ...
Posted by Constantine Isslamow
on September 4, 2009
|
More | |
Affordability Index Standard Two StoreyHousing Affordability Index
Standard Two-Storey
Average Price
Qualifying Income
Affordability Measure
Province
Q1 2009
Y/Y % ch.
Q1 2009
Q4 2008
Q1 2009
British Columbia
530,500
-6.3
107,600
72.7
65.3
Alberta
358,800
-9.7
80,900
42.3
36.2 ...
Posted by Constantine Isslamow
on September 4, 2009
|
More | |
Coaching Tips & Strategies #21Tip #21
LISTING STRATEGIES (2)
What “benefits” does the seller want from the home-selling experience?
It’s not that complicated however, it is very important that you stay keenly focused around this at the listing presentation.
To sell the house.
The highest price.
The least amount of inconveniences, and
The least amount of hassle.
How do you communicate to a seller ...
Posted by Constantine Isslamow
on September 4, 2009
|
More | |
Coaching Tips and Strategies #22Tip #22
LISTING STRATEGIES (3)
Getting listings will be one of your toughest objectives to overcome and learn. You will face learning “new” skill sets for any of the following in all your daily activities and in your career. So why then is getting listings tougher?
You have to be more skilled! Here are the critical steps to getting listings.
You have to prospect ...
Posted by Constantine Isslamow
on September 4, 2009
|
More | |
Coaching Tips & StrategiesTip #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 #20Tip 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 | |
Canada prices for repeat sales of homes up againTORONTO -- 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 | |
Coaching Tips & Strategies #18Tip #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-lowCanada'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 ActivitySALES 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 | |