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Home-buying tips from four real estate pros – BNN

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Canadians trying to buy a home this year faced soaring prices and a tightly supplied market; unfortunately, there’s little relief in sight entering 2022.

The Canadian Real Estate Association reported a 25 per cent annual increase in the average Canadian home price for November. Meantime, Royal LePage expects home prices will increase another 10 per cent by late next year.

It’s enough to leave aspiring homebuyers at their wits’ end.

Of course, you can always choose to not buy real estate at this time. But for those pressing on with the search in 2022, BNN Bloomberg collected some tips on how to approach the market by tapping the expertise of several of our regular real estate guests.

Steve Saretsky, Vancouver realtor, author of the “Saretsky Report”

“I’m advising clients not to chase properties. You have to try and keep your emotions out of it and set your maximum price prior to offer. What we are seeing is that a house might be worth $1.5 million based on recent sales, etc., but once 10 offers come in, and people get competitive, that house might sell for $1.7 million. This is obviously a huge overpay and often times is the result of an emotional bidder that has already lost out on several houses. 

“In summary, get all your ducks in a row, be prepared to move fast and have your trusted partners in place to help you with the due diligence. … And lastly, try to find the fixer uppers that don’t draw such huge crowds. As I always say to my clients, if you have to beat 10 other people in a bidding war, chances are you are going to have to pay a stupid price.”

Nasma Ali, broker and founder, One Group, Remax Hallmark Realty

“Use your imagination. Be willing to go after what most buyers won’t. Don’t over rule the badly marketed homes. Make a point to go visit the ones with dark photos, no staging. If they are tenanted those are golden opportunities, because sometimes tenants won’t even allow photos to be taken, and limit showings (so the) seller may feel pushed into a corner and can be desperate for anyone to bring them an offer.

“Ask your agent to send you properties that have relisted, this time with no offer day. Sometimes sellers have high expectations on price, and don’t get the price they want, even in this market. When they adjust their price, their listing tends to be neglected and forgotten. Buyers are chasing after the shiny new listings every week. Agents have access to knowing which house is set for an offer day (bidding war) and which is not, and which is simply ‘offers any time’ where you can potentially negotiate with the seller, one-on-one. Get these listings at the end of every week from your agent. They need to be hand picked.”

Davelle Morrison, broker, Bosley Real Estate

“My first piece of advice to first-time homebuyers is to pack your patience. Patience is everything when it comes to buying real estate. Ask anyone over 40 and they will tell you their biggest regret is not purchasing more real estate when they were younger. They wish they would have scraped together every penny they had to purchase something in their 20s or 30s. You still have a bright future ahead if you are young and planning to buy real estate. As the saying goes, don’t wait to buy real estate, buy real estate and wait.

“My second piece of advice is to throw out your champagne tastes and accept, like and embrace the properties that are available to you on your beer budget. Getting into the real estate market should be like taking the first step on the property ladder. Your first step should be something small, most likely a small condo, before you climb the rungs to a larger condo, a smaller house then a larger house if you wish.”

John Pasalis, president, Realosophy Realty

“Don’t chase homes you can’t afford. Most buyers spend six months bidding on homes that are listed within their budget, but they don’t realize just how far above their budget the home they want is actually worth. You mitigate this risk by having an agent who can tell you a home’s market value before you bid on it so that you’re not chasing homes that are out of reach.

“On any given night there are several similarly priced homes in a similar area that are taking offers the same night. The nicest and prettiest homes may end up with 20 offers while the other homes that aren’t as renovated and staged may get two to five. While it’s human nature to always want the prettiest home, in such a tight market you may be better off bidding on the home with fewer offers because your probability of success improves from 1/20 to 1/5.”

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Two detached real estate properties in Toronto are listed for $449,000 – NOW Magazine

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Two Dufferin and Eglinton area homes are listed for less than half the average selling price


In the Toronto real estate market where a tree to piss on might cost you a million, detached homes listed for $449,000 sound like the pot of gold at the end of a rainbow. Price tags like that are a steal even if the properties are being sold as tear downs that you don’t even want to step foot in. That’s what listings for 2224 and 2226 Dufferin are selling for.

The properties were listed on realtor.ca by the same agent this week at less than half the cost of an average home, which the Toronto Regional Real Estate Board (TRREB) reported was $1,157,849 in December. The price tags for each (they could be purchased as a pair) are almost a quarter of the average selling price of a detached home in the 416, which dropped down to $1,698,178 in December.

The properties are obviously not eye-catching, with all the tell-tale signs that they demand to be torn down. The listings feature limited pictures of exteriors, showing narrow one-storey dwellings sitting approximately 25 by 90 feet lots. 2224 Dufferin looks worn-down, while 2226 Dufferin appears to have a tin roof. But the latter’s listing adds that it has new stucco, flooring and a kitchen and is move-in ready.

Both listings also say that the properties cannot be accessed by children and the elderly, perhaps because it’s a steep climb up to the homes.

The listings for the properties also make it clear that Toronto real estate land value is the big appeal, even if the houses aren’t much to look at. They overlook Fairbank Park, in the Dufferin and Eglinton area. That alone makes the pricing sound like a steal. Compare these to the listing we reported on last month for a Scarborough bungalow ready to be torn down by developers while asking for $3 million.

In the Dufferin property cases, the listing agent, who also discloses a personal interest in the property, recommends tearing them down for custom homes or buying both to build a five-story rental property in a city that is in desperate need for more housing.

@nowtoronto

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Massillon area real estate transfers Dec. 25-31 – Massillon Independent

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Bethlehem Township

Bertram John from Huddleston Jennifer E, 207 Jacob St NE, $111,100. 

Canal Fulton

Anthony Hunter M from Fields Micaela, 546 Longview Ave, $218,000. 

NVR Inc., A Virginia Corporation, DBA from Schalmo Properties Inc, parcel 10013929 Bonita Cir SE, $29,500. 

Thompson Victoria L & Nicholas M from Mcfee Gregory N, 965 Ross Dr, $297,000. 

Jackson Township

Adams James H from Valentine Theresa N Trustee, 6174 Bergess Rd NW, $722,500. 

Alvarez Larissa & Wigington III David from Kiser Dustin J, 5927 Fulton Dr NW, $249,900. 

Bloomhuff Michael Alan & Wanda Kay from Carlson Steig A, 3778 Woodleigh Ave NW, $480,000. 

Cavanaugh Cory & Jamie from Whatling Ronald G, 3454 Cardiff Ave NW, $236,000. 

Crofford Andrew John from Raff Andrew H, 6230 Beachland Cir NW, $270,000. 

Cueto Isaac E & Chelsey K from Ressler Harold Jr & Wanda, 9467 Emerald Isle St NW, $149,000. 

Day Kassiani F from Glaros Katherine E, 8622 Ontario St NW, $148,000. 

Duque Venus M from Perkins Duane A & Lori E, 9593 Crimson St NW, $326,000. 

Flack Brandon & Hannah from Scott Loyal v Sr, 7630 Fawn Dr NW, $189,900. 

Floom Christopher J from Singh Ragbir & Al-Mousa Mazin, 5804 Hills and Dales Rd NW, $265,000. 

Glendale Village Homeowners Association from Maxsam Investments LLC, 3960 Saltmarsh Cir NW, $70,000. 

Glendale Village Homeowners Association from Maxsam Investments LLC, 3968 Saltmarsh Cir NW, $37,000. 

Herrmann John T & Martha M from Mccann Robert J Jr, 8703 Dublin Ridge Cir NW, $170,000. 

Hidden Hollow Properties LLC from Fishberg and Worshil LLC, 4700 20th St NW, $317,900. 

Johnson Adam T from Hink Ralph M & Diane S, 9550 Cliffview St NW, $265,000. 

Koteff Melissa from Solanki Rekha M, 3085 Wickford Ave NW, $299,900. 

Lesneski Bernard F & Griffin Mary Lou from Canterbury Preserveltd, 7435 Emerald Glen Ave NW, $79,000. 

Mzoy LLC from Kelleric Realty LLC, 4001 Whipple Ave NW, $215,000. 

Scofield Sadie from Neff John R & Elaine M, 3047 Perry Dr NW, $123,700. 

Shrigley Amber & Sweitzer Jeffrey from Coffelt Devon & James & Shelley, 7606 Ravine Dr NW, $251,000. 

Massillon

Boylen Kaira from Clendenin Robert C & Patricia, 807 Cherry Rd NW, $108,500. 

Bushman Samantha L from Henry Jane M, 1255 Patriot PL SW, $170,000. 

Cruz Penny L & Walter E from Reese Timothy M, 225 Lewis PL NE, $20,190. 

Krutsinger Michael A & from R&W Home Improvement LLC, 4862 Sippo Reserves Dr NW, $355,000. 

KS Yoak Enterprises LLC from Ollis Steven A, 2318 Massachusetts Ave SE, $25,000. 

Long Robert E Jr from Smith Staci Lynne, 1003 Johnson St SE, $59,400. 

Maurer Dawn from Blythe Dillon, 34 Rolling Park Dr N, $2,500. 

Red Velvet Investments LLC from Allen Lisa K, 27 Willard Ave NE, $28,000. 

Shaw Eric from Continental Community Sales, 16 Rolling Acres Cir E, $4,000. 

Sig Lincoln Way Outlots LLC from Sig 2600 Lincoln Way LLC, 2548 Lincoln Way E, $450,000. 

Sig Lincoln Way Outlots LLC from Sig 2600 Lincoln Way LLC, parcel 10014413 E Lincoln Way, $450,000. 

Vickers Tony & Crystal from Butler Vincent R & Phyllis Y, 122 23rd St SE, $135,000. 

Weston Andrew Joseph from Loar W Dean Jr, 1505 Dexter Rd NE, $143,000. 

White Duncan from Lumpp Anthony, 923 Campbell Cir NE, $150,000. 

Williams Thomas L from Hintz Robert F, 645 Wabash Ave SW, $58,500. 

Young Joshua from Young Jessica N, 503 Shaw Ave NE, $74,500. 

Nimishillen Township

Jones Tyler S & Meghan R from Thomas Mark A & Christine M, parcel 10014264 Maplegrove Ave NE, $120,240. 

Orzo Brandy Nicole from Mcknight James R Jr, 5673 Ravenna Ave, $110,000. 

North Canton

Dimauro Mitchell & Miranda from Tyler Jennifer L & Mealy Robert W, 1300 7th St NE, $305,000. 

Funk Jacqueline A from Hicks Timothy D, 1273 Monterey BLVD NW, $19,750. 

Lesh Properties LLC from Drake Terry A & Herron Brynn L, 325 Everhard Rd SW, $75,000. 

North Canton CSD Board of Education of from North Canton CSD Board of Education of, 341 Wise Ave NE, $1,980,000. 

Palmer Tyler A & Snyder Sarah G from Patterson Jo Ann Ttee, 1521 Westfield Ave SW, $158,000. 

Wolfe Gary & Arlette from Browder Cynthia A, 1259 Los Angeles BLVD NW, $1,000. 

Osnaburg Township

Parker Andrew & Alexis from Irwin Shaun E & Kathy D, parcel 3800086 Crestlawn Dr SE, $12,000. 

Rossy Billy D from Neff Dwight, 2646 Klotz Ave NE, $150,000. 

Sierzant Mitchell J from Gray Denise A, 6990 Mapleton St SE, $220,000. 

Perry Township

Ama Ohio Home LLC from Hunter David N, 162 Saratoga Ave NW, $145,000. 

Barnes Brittany N & Kaplar Benjamin from Groh Kari & Jon R, 204 Stewart Ave SW, $145,000. 

Burns Dawn & Andrew from NVR Inc A Virginia Corporation DBA, 6961 Gauntlet St SW, $262,330. 

Caughey Thomas J & Carol A from Bachtel Dennis L & Sibila Rinda & Manley, 2900 Fasnacht Cir NW, $213,000. 

Clouse Cathy L from Lorenz Paula A, 4607 7th St NW, $85,000. 

Cronin Mikell from Calloway Ada, 3354 Hilton St NW #5, $9,000. 

Donaldson Lori A from Garner Stacey L & Colin M, 3208 Rayanna St NW, $135,000. 

Dumire Edwin D & Nancy L Trustees from NVR Inc A Virginia Corporation DBA, 7066 Gauntlet St SW, $285,620. 

English Jonathon Taylor & Jurado Paige from Smith Justin K, 3607 Clark St SW, $195,000. 

Fry Tyler J from Blocher Gerald J, 1606 Clearbrook Rd NW, $202,500. 

Hund Jared J from Garber Martha A, 1312 Lost Tree Dr NW, $259,000. 

Jones Scott from Mcbride Paul, 143 Marsden Ave SW, $5,900. 

Legere Trent & Leary Adam & Tamara from Blythe Construction LLC, 4075 Fairgrove Ave SW, $10,400. 

Lopez Carlos J Sr from Case Jay L, 3456 Southway St SW, $40,000. 

Matzke Brad Edward from Miller Mark E & Karen, 5888 Longview St SW, $264,900. 

Richardson Kelly A from Kraft Eleanor J, 2614 Oakview St NW, $142,900. 

SFR3-040 LLC from Murray Nadine C, 143 Saratoga Ave SW, $82,000. 

Snopel Christopher from Mary Ellen Slinger Company LLC, 1851 Clearbrook Rd NW, $204,000. 

Thewes Michael L & Kendrick Renee from Thewes Barbara R, 4449 Emma PL NW, $165,000. 

Vanzant Scott from Young Joan K, 1738 Dunkeith Dr NW, $225,000. 

Whipkey Tiffany & Andrew David from Loader Brett R, 4952 15th St SW, $170,000. 

Williams Christie Rae from George Lauren R, 4949 Barrie St NW, $200,000. 

Zimmerman Chad from Bridges Laura L, 6731 Westwood Ave SW, $170,000. 

Sugarcreek Township

Gingerich Jacob L & Katie A from Hershberger Enos A & Rachel A, 8460 Welty Rd SW, $221,000. 

Hershberger Enos A & Rachel A from Yoder Jonas E & Malinda, 8823 Welty Rd SW, $200,000. 

Jantzen Wyndall A & Katie L from Medure Janet M Trustee / Mary L Scassa I, 656 Muskingum Ave NW, $225,000. 

Mast Trevor A & Miller Sophie E from Kennedy Michael & Natalie, 7551 Kellerer St SW, $100,000. 

Miller Michael J & Kathryn from Alcorn Brenda D, 7065 Alabama Ave SW, $225,000. 

Savage Nicole & Corey from Savage Rick, 312 Redwood St SW, $74,000. 

Tuscarawas Township

Light Timothy W & Charlene from Warth Stephen R and Erika A, 11922 Bonnie Brae Dr SW, $280,000. 

Whispering Grace Horses Inc from Elms of Massillon Inc, parcel 7206582 Kimmens Rd SW, $270,000. 

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Canada’s Real Estate Bubble Is So Big Even The Mother of All Crashes Can’t Fix It – Better Dwelling

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Canada’s Real Estate Bubble Is So Big Even The Mother of All Crashes Can’t Fix It  Better Dwelling



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