Recent Blog Posts by Szabolcs Pall

Did you hire the right agent?

Why hiring the right agent will directly affect the amount of money you pocket? It simply comes down to motivation. Is the person you are thinking of hiring driven by their desire to help you reach your goals, or are they trying to reach theirs? Choosing the right REALTOR®, matters! It matters in their philosophy, their work ethic, their support system and network of peers, and especially ...

Location, location, location... no longer enough!

  Location, location, location is simply no longer enough.  You need to start thinking about Timing when trying to get the most out of your investment. Of course location and size of the home will always be at the top of anyone’s list when assigning value to a property, that’s likely never going to change.  But another important factor these days is price.  ...

Thinking of selling privately?

Thinking of selling privately? Did you know a private sale is not as straight forward as it sounds?  Buyers that see a home for sale ‘by the owner’ often see a bargain.  The problem for the seller is that the buyer thinks they, and not you are entitled to the savings in real estate fees.  With this mindset, a lowball offer is usually the result and any perceived “savings” ...

Why buying from the listing agent is not a good idea

Why buying from the Listing Agent is not a good idea If you are a Buyer, is it better to buy from the Listing Agent (L/A), rather than using your own realtor?  Sure the thought has crossed our minds, the agent will be happy to double-end at a reduced fee, the seller will net the same amount, sounds great, doesn't it?  Except when you break down the transaction, you quickly realize that ...

Buying or Selling? Need help?

Are you thinking of buying or selling a home this year? What’s the process, and when should you get started?  It starts with contacting a REALTOR® to learn about your local market, but the timing can vary depending on when you want to move.  If you have a house to sell, I advise clients to consider approximately 90 days to properly market the property, and then add 60 days to ...

How's the market?

How’s the housing market? It couldn’t be any better if you ask me, and let me explain why: While the Residential Unit sales on the Ottawa Real Estate Board are down, our Condominium Unit numbers are up from last year at this time.  And let me remind you, that we had a record breaking year in 2009 which makes the numbers even more impressive. Residential prices have increased approximately ...

Did you get a good deal?

Did you know that a home is only worth what someone is willing to pay for it?  This notion of a "good deal" is only in the minds of the buyer and or seller.  A home properly exposed to the market by a motivated seller for a sufficient amount of time will eventually sell for the price the market is willing to bare.  This is called Market Value, and will not always be the Listed Price. ...

5 Deal Breakers

  5 Deal Breakers Did you know that there are 5 key items that Buyers are checking for when evaluating a house?  They typically concern themselves with: The age of the Windows Age/Condition of the Roof Age of Furnace Age of HWT Any Visible Leaks and Cracks So as a Seller, ensuring that you're able to produce receipts/documents for any work performed on these items will go ...

Expect MORE ... Service

Expect MORE ... Service Did you know the consultation provided throughout the purchase or sale of your home, is just one benefit of using my services?  Beyond real estate advice, what elevates me above the rest is ensuring that you're provided with whatever you require.  A lawyer, home inspector, mortgage agent, life insurance, investment, home / auto insurance, etc. You will never hear ...

Considering Selling? Some things to ask yourself first!

We're faced decisions throughout our normal day, and usually get them right without much difficulty. But while each of us is well equipped to make every day decisions, it’s not always so simple.  When we consider selling our home, that decision is one that obviously requires much greater scrutiny. Consider the following: How much equity do I currently have? - The amount of money you ...

HST and your Real Estate transaction

With the introduction of HST in Ontario starting July 1st 2010, your real estate transaction will be effected in a number of ways.  While you don't have to pay HST on resale homes, the services that you use may be HST taxable.  Lawyer, home inspector, appraisal, survey and real estate fees are subject to the new HST.  New home purchases are also subject to HST, but you may qualify for ...

Multiple Offers

Having to call someone and let them know the house they wanted is no longer available is always tough to do.  I can empathize with them, having seen it first hand way too many times.  Unfortunately the market we’re in dictates that if you want the house, you have to put your best foot forward.  And you can’t hesitate for even a day, because someone else could beat you to ...

Presenting Favourably

Did you know that when you are represented by CENTURY 21, you get a great name and professional image? Almost 40 years in business in Cambridge means we are well trusted and are regular contributors to our wonderful community. On top of that, CENTURY 21 is in 60 countries with over 8,800 offices and 145,000 global agents. You want the best representation? Trust me; we truly are the local experts!

The "Team" Trend

Everyone and their cousin, is working in a team these days.  But if you want to be blown away by the number of people on a team trying to sell your house, listen to this: "I have a team of 380 agents!" -- do you believe me?  Because that's exactly what MLS is, we all have access to the same database, the person listing your home, in all likelihood, isn't the one bringing you the buyer.  ...

Are you working with the wrong agent?

"Please help; do you have a buyer for my house?"  It's a common request, but not always as desperate as the seller sounded this time.  The answer in most cases, sadly is "no".  I alone can only provide service to so many buyers. But that's the power of the MLS system; there are a host of other agents that may have buyers for your home.  They just need to be told about it.  And ...

How's the market?

How's the market?  It's the one question we seem to be hearing over and over again.  The market can typically fluctuate within three types of market conditions: 1. Seller's Market2. Buyer's Market3. Normal or Balanced Market And a good indicator of market conditions is to interpret the number of months of listing inventory. This is arrived by taking the total number of listings on the market, ...