I can’t prove it, nor can I do anything about it, but some recent “questionable” practices within our industry have left me frustrated beyond belief!
As usual, I have to change the names, numbers, and streets, but here is a story that will shed some light on how things should work when your seller turns down an offer that is over the asking price…
What a great find!
Here is an article written on January 3rd, 2007 that predicts the real estate market will rise 16.8% by 2010.
Let’s read the article and then compare predictions with reality…
One of the following statements is true:
a) Developers have no idea when a condominium will be completed.
b) They do, they just don’t care to tell the truth because there are no repercussions.
When was the last time a developer actually quoted a reasonable time period to plan, sell, and construct an entire building?
Contrary to popular belief, it can’t be done in one year…
I was beginning to think that maybe, just maybe - I was wrong about CityPlace.
After a colleague of mine received five offers on her awful listing at Mariner Terrace, I reconsidered my stance on the evil concrete jungle.
But alas, the latest news that a 42-storey “community housing” project will be built in the heart of CityPlace has reaffirmed my stance that this will eventually be a complete ghetto…
Here’s a great article in Saturday’s Toronto Star that explains a new trend among buyers who find themselves in multiple offer situations.
Try and differentiate yourself from the pack. Maybe the sellers will respond favorably?
In August of 2008, one year since I had taken occupancy of my unit at Rezen and a mere four months since final closing, a unit sold across the hall for $265,000.
The unit was larger than mine, but it still got me asking myself, “I wonder what I could get for my unit…”
“Second week of February,” said the sales person from Rezen when I asked for the ninety-fourth day in a row when the building would be registered.
“If we’re not registered by then….cut my throat…..my word to God’s ears!”
That was the single strangest prayer I had ever heard…
Pat-Pat-Pat went my hand on my own back as I prepared to take occupancy of my new condo at Rezen Condominiums in August of 2008.
But before I could move forward, there was a ton of work to be done and very little time to do it!
If you think “picking up the keys” is all that is required, think again…
I have a whole section about this on the front page of my blog, but I’d like to discuss this from a different angle.
There are two major issues that are on my mind, and as usual, one of these can be directly attributed to the questionable ethics of a fraction of Realtors out there…
It’s been widely speculated that most condo-owners don’t quite understand how the new Harmonized Sales Tax will affect their monthly maintenance fees.
I recently came across this great explanation by John Warren who writes for “Condominium Manager Magazine.”
Only cool people like me subscribe to “C.M.M.”….
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