Steven  Maislin

Steven Maislin

Broker, Certified Specialist IRES, ABR, SRS, SRES, RENE

RE/MAX Realtron Realty Inc, Brokerage *

Mobile:
416-410-6000
Office:
416-782-8882
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Steven Maislin's blog

December 2018 Dear Friend Newsletter

December 2018

Dear Friend,

Not too many surprises in the real estate market as 2018 winds down. 6,251 homes sold, down from last year’s record number, as buyers were pushed to buy earlier than planned due to the new mortgage regulations that were going into effect in the new year. The average selling price was up by 3.5% year-over-year to $788,345.

AGENTS: Whether you are representing the Buyer or the Seller, it is important to engage in best practices

Best Practices: Offers – What Agents Need to Know

November 26, 2018 -- An offer is one of the core components of any real estate transaction. Despite how commonplace it is, and that Members should be familiar with the process, it's still essential that Members engage in best practices during the offer process.

Whether you are representing the Buyer or the Seller in a real estate transaction, it is critical to engage in best practices throughout the offer process to:

Toronto's housing market tightened last month — here's what that means for home prices

Toronto home sales rose again in October, jumping 6 percent year-over-year, in a continuation of the market’s slow upward trajectory.

But as sales continue to climb, listings are trending down, according to the latest release from the Toronto Real Estate Board (TREB). Listings fell 2.7 percent year-over-year last month, marking the fifth consecutive month of falling supply in the region.

 

Thinking of renting? This is what you’ll need...

You should begin assembling this suff before any physical search for a property begins.

1. 'employment confirmation' from your employer - employee in good standing, how long you’ve been employed there (for whomever is signing the lease).

2. full 'credit report(s)’ (for whomever is signing the lease) (equifax is better than transunion).

3. copies of 'last 3 pay stubs’ (for whomever is signing the lease).

4. a personal family bio (a quick paragraph about who you are, not mandatory but helpful).

Why Seniors Could Be Priced Out of Aging in Place


While ageing in place is a goal for many older adults, some may not be able to stay in their homes and communities as property prices, taxes and the high costs for renovations cause affordability problems.

Older adult advocates and nonprofit organizations are hunting for solutions across urban and rural areas to combat the lack of affordable and accessible housing options, especially as the ageing population grows in the next ten years.

Cannabis legalization calls for drug policies

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How organizations can adapt to the monumental shift in the legal landscape

I would like you to work for me, but I don’t want to sign anything—a handshake is enough and I can trust you, right?

You certainly can trust me, and I feel that I can believe you as well. That said, I can only work with (3, 4, 5) buyers at a time if I am going to give them the service I am committed to providing and they are entitled too. I only work with buyers with whom I have a contract—I owe it to those I am working with now not to take time away from them for buyers who are working with many agents at the same time.

Is it necessary to sign an agreement before you have found me the right property?

With me, yes it is. I only commit my expertise and time to buyers who have committed to me.
OR
If you want buyer representation, yes it is. Without the agreement you would be my customer rather than my client and all of the services I have outlined would not be available to you. Would you like me to go over them again?

I’m interested in new homes, and the developers all say I can work directly with them.

You certainly can, but if you ever needed an agent, it is when you are buying from a "professional seller" such as a builder. My job is to point out the pros and cons of what the builder is offering, such as, Is the premium they are charging you for the corner lot going to make sense when you go to resell? I can help you save thousands, in the long run, no matter what you’re buying by helping you buy smart.

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