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” ...
Posted by Szabolcs Pall
on July 6, 2011
Are you left wondering?
TD is running a great commercial on TV depicting an anxious couple asking; ‘What if they don’t accept our offer?’. The answer is in the form of another question; ‘What if they do?’ And this highlights a very real depiction of what some people without proper representation are experiencing today. So where do they get answers? ...
Posted by Szabolcs Pall
on September 16, 2010
Buy first or sell first?
The answer is almost always SELL, for the simple fact that in our current market conditions, you cannot be guaranteed a quick sale. So you might as well get the process started as soon as possible. The pros of buying first are that you will almost certainly know your possession date and can time the sale of your existing home to match it.
Either way, you’ll ...
Posted by Szabolcs Pall
on July 6, 2010
How do you win in a Competing Offer scenario?
First you accept that in some instances, price will always be the final word. And no matter how well your offer is drafted, someone may be in a position to offer more money than you for the house. Having said that, there are a number of things you can do as the buyer, to ensure that your offer is not amongst the first to get rejected, so ...
Posted by Szabolcs Pall
on March 29, 2010
Did you fully understand the document you just signed? If you are a little unsure about your level of comprehension of the last listing/offer you signed, don't worry, you are not alone.
I've got a great example of a home owner who misunderstood one of the many important clauses in his Listing Agreement, namely in reference to the Holdover Period. This states that the seller agrees to ...
Posted by Szabolcs Pall
on February 5, 2010
Did you know that negotiation is a service I provide, that if utilized properly can give you the competitive edge? It can amount to thousands of dollars in your pocket. When presenting offers, I often pick up crucial information that might otherwise be never revealed through email and fax. A seller for example who doesn't want to miss out on the 'other' house, or a causal remark that ...
Posted by Szabolcs Pall
on August 31, 2009
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 ...
Posted by Szabolcs Pall
on August 31, 2009
I was recently approached by a friend, who required some direction on the purchase of his first condo. 'Michael' had visited the showrooms of a nearby developer and had received some encouraging news about "some really cheap pre-construction prices". But as a prudent purchaser faced with one of his biggest investments, Michael wrote to me asking for some advice on what questions he needs ...
Posted by Szabolcs Pall
on August 5, 2009
Selection assistance? I also do that. The highest offer on table is not always the best offer, and I help you understand why. Consider an ESA inspection clause, that could cost you several thousand dollars in electrical repairs/updates, or a Sale of Buyers Property clause that could take your home off the market for several weeks. All of a sudden, the offer at a few thousand dollars below asking ...
Posted by Szabolcs Pall
on July 2, 2009