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Archive for August, 2011

More Kind Words from More Satisfied Clients

Mon, 22nd August, 2011 - Posted by Sean Kavanagh - (0) Comment

Thanks Sean for all of your hard work in selling our home. You are professional and hard working. Your knowledge of technology and advertising was a great asset in selling our home easily. You used the latest technology and internet tools to sell our home – we loved having our own website, YouTube video and professional pictures of our home. While selling a home and purchasing a new one can be a stressful experience, your confidence and know-how made us relaxed and at ease.

Thanks Sean for all of your diligence and persistence – we really appreciate it!

Leanne and Joe Vanderkolk

Category : Featured / Testimonials

More Kind Words from Satisfied Clients

Tue, 16th August, 2011 - Posted by Sean Kavanagh - (0) Comment

It was pure chance that Danny and I chose Sean as our real estate agent when starting our search to buy a new home but upon our first meeting, we knew the fit was perfect. Many agents pay lip service to their client’s wish list but you truly want your clients to be happy with the choice they make. I know we had quite the list but you were patient, you listened and then you delivered! We are the proud owners of a home that we love, that has all the features we asked for, in our dream location, and at the right price. Your professional service, expert advice and unique insight during the entire process brought us to that wonderful conclusion.

So we just wanted to say a very heartfelt, Thank You!

Nancy Pollon and Danny Dottin

Category : Testimonials

Global Market Mayhem May Keep Interest Rates Low.

Tue, 16th August, 2011 - Posted by Sean Kavanagh - (0) Comment

Bank of Canada Governor Mark Carney’s plans to raise interest rates this fall have been put on hold as a result of the continued financial struggles in both the U.S. and Europe. It was originally believed that the bank would be raising rates this September, but recent indications suggest that we could be looking at rates dropping again before we begin to see increases. Home owners concerned about mortgage rate increases will be happy as it now looks like we can expect to see low rates possibly into 2012.

“I think it’s clear that there are a lot of serious problems still in the world and it’s more likely that we’re setting the stage for a sustainably low level of interest rates for a very long time. In fact, the possibility of rates being lowered is now more realistic than before.”

What does this mean for you?

If you have a variable mortgage on your existing property, you can expect to see the rates remain low for at least the rest of this year and probably into next year. If you have a mortgage that will need to be renewed soon, discuss your options with your lender. It may be in your best interests to look at variable interest rate mortgages. If you are looking for a new home or plan on upgrading in the near future, this might be the time to look a little more closely at your options.

For any questions you may have about mortgage rates, current market trends or neighbourhood property values, please don’t hesitate to give me a call.

Category : Burlington / Market Updates / Real Estate

The Value of a Realtor – Do You Really Save Money Selling On Your Own?

Thu, 11th August, 2011 - Posted by Sean Kavanagh - (0) Comment

Every time we encounter a HOT real estate market, we witness the emergence of alternative methods to buy and sell property. However, even in the hottest markets, more than 90% of Canadians still choose to enlist the services of a professional real estate agent to sell their homes.

‘For Sale By Owner’ companies advertise a unique system for selling real estate promising thousands of dollars in saved commissions. They will tell you the process will be stress free (which it isn’t), you will save tons of money (which is not always the case) and that you don’t have to pay commissions (which is never true if an agent brings the buyer to your home). The reality is that you will most likely have to pay 2.5% commission to an agent who is out actively searching for properties for his client. This results in a 2.5% savings to the seller. Calculating the time and expense necessary to market a home properly, the stress of walking strangers through your home, and the uncomfortable situation of having to negotiate the sale price of the home, do you really save any money? Also, untrained real estate negotiators will rarely get top dollar for their home as they do not have all of the information at their disposal to back up their reasons for keeping the price where it should be sold at.

If it was that easy, wouldn’t more people be doing it? What if I told you that even the owner and founder of ‘ForSaleByOwner.com’ couldn’t sell his property on his own and had to list with an agent? Not only could this guy not sell it on his own, when he enlisted the services of a real estate professional, he sold for $150,000 over what he originally listed it for. The ‘unique selling system’ they are selling you is unique in the fact that you will most likely end up hiring a real estate professional to do the selling for you.

Also, a large portion of the 10% who attempt it on their own, end up hiring a real estate professional as it is not as easy as they had originally thought, considerably more stress then they had expected, and finally found the value in hiring a real estate professional to get the job done.

It should also be noted that these companies that help people sell properties on their own are not regulated and not licensed to sell real estate. Ask yourself if you would hire someone with no experience and hire a company that is not regulated to manage the sale of your largest financial investment? Would you take your car to a mechanic that wasn’t licensed to fix your car? Would you hold your life savings in an unregulated bank? Would you seek legal advice from your cousin Billy Jim Bob who has not passed his bar exam but has ‘a pretty good idea of how this law stuff works’? It is often attractive to look at the cheaper option, but as in most cases, people always know that you get what you pay for.

Real estate professionals are far from perfect, but if you do your research and interview carefully, you will find one that will help guide you through the difficult process of drafting a contract and negotiating a contract. You will have someone on your side who will answer your phone calls when everyone else is gone for the day. You will have a trusted partner who is obligated by law to serve your best interests. You will have an expert who is qualified, educated and regulated to help protect the largest investment your family will ever make. And if you are still not sure about the benefits of hiring a realtor, just ask the owner of ‘ForSaleByOwner.com’.

To discuss your real estate options, please email me at sean.kavanagh@century21.ca or visit www.seansells.ca for mor information about buying or selling real estate.

Category : Burlington / Market Updates / Real Estate

‘For Sale By Owner’ Founder Needs Broker to Sell His Apartment

Tue, 9th August, 2011 - Posted by Sean Kavanagh - (0) Comment

Colby Sambrotto, founder of the website ForSaleByOwner.com, which lets people sell their own properties, has sold his two-bedroom apartment with the help of a real-estate broker at a 6% commission.

“At first he wouldn’t let me increase the price,” [the broker] said. “I told him I know what I am doing-the market is picking up.”

Not only could the For Sale By Owner guy not sell his own apartment, but a broker was able to sell it for more money. When you see the ‘For Sale By Owner’ guys using a Realtor, what does that tell you?

It should tell you:
1) It is not as easy to sell your home as ‘For Sale By Owner’ companies tell you it is.
2) It’s tough to set a price for your home when you don’t know what your neighbours have sold for.
3) Some people don’t have experience in negotiating legal contracts and don’t want to be negotiating legal contracts with people who are professionally trained to do so.
4) Real Estate professionals know how to market real estate and get properties sold for top dollar.
5) Real Estate professionals know how to protect you from liability and misrepresentation.
6) A Realtor will always have the upper hand in negotiations with a ‘For sale by Owner’ as they will have more knowledge concerning neighbourhood sales, current market trends, and market values.
7) Real Estate professionals understand how to read and write an offer with numerous conditions and clauses so savvy buyers and their Realtors can’t take advantage of you.
8) It takes time…lots and lots of time to sell a home. How much is your time worth to you?

These are just some of the factors you should consider before you decide to sell on your own. With a significant number of ‘For Sale By Owners’ ending up enlisting the services of a realtor, why not do it right from the beginning.

If you have any other questions about what we do, feel free to give me a call and I can help you decide if selling on your own is something you are prepared for.

Category : Market Updates / Real Estate
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