Monthly Archives: December, 2014

Kawartha Lakes Real Estate Library – Kawartha Lakes Properties

Kawartha Lakes Real Estate Library – Agreement of Purchase and Sale

The Agreement of Purchase and Sale is the document that is used to state the Buyer’s desire to purchase the property, and to negotiate the terms of the sale.  It is commonly referred to as an “Offer”. This document also allows the Buyer a chance to outline in detail all of the conditions they wish to be place in their Offer to buy the Seller’s property. After the Offer is Prepared and signed by the Buyer, it is presented to the Seller for Acceptance.  The Seller, in turn, may want to make changes to the Offer for the Buyer to consider.  This process can continue back and forth several times in an effort to reach an agreement.

via Kawartha Lakes Real Estate Library – Kawartha Lakes Properties.

7 Reasons to Use a Buyer’s Agent When Purchasing Kawartha Lakes Real Estate – Kawartha Lakes Properties

7 Reasons to Use a Buyer’s Agent When Purchasing Your Home

Purchasing a home is a big step, and a big decision. The average person spends around 1/3 of their income on their home. The home that you choose has a big impact on your life, and can have a big impact on your finances, as well. It always surprises me when Buyers attempt to “go at it alone” because of the possibility of mistakes. A good Buyer’s Agent is invaluable to a Buyer, and can be the difference between a wonderful transaction, and a nightmare.

 

1 Full Access to the MLS

The Multiple Listing Service (MLS) is a powerful tool that only Realtors have access to. When listing agents market a home for sale, they typically allow any Realtor to present the home to potential buyers, and to present contracts for purchase. The MLS is a database of all homes listed by Realtors, and represents roughly 99% of the homes for sale in any given market. As technology advances, so does the MLS. It has evolved into an extremely powerful search engine that allows your buyer’s agent to enter in search criteria, and returns only homes that match those specific parameters. Buyers can find a lot of this information online through DDF feeds available on many websites, but this information is a “watered down” version of the MLS because the DDF search engines aren’t quite as powerful, and don’t return as detailed profiles as the MLS.

 

2 Maximize Your Time

While driving neighborhoods is an excellent idea to help you decide which locations you prefer, it’s not a very efficient way to find your new home. Gas is expensive, and your time is valuable. Your Buyer’s Agent will listen to your needs, make fantastic suggestions based on your likes & dislikes, and provide you with a list of homes that match your wants & needs. Your Buyer’s Agent has helped MANY new homebuyers through MANY purchases, and will help you better organize your search & decision making process – saving you valuable time.

via 7 Reasons to Use a Buyer’s Agent When Purchasing Kawartha Lakes Real Estate – Kawartha Lakes Properties.

Kawartha Lakes Real Estate – Market Watch Issue 14-11 – Kawartha Lakes Properties

Kawartha Lakes home sales post best November in more than a decade

Home sales recorded through the MLS® System of the Kawartha Lakes Real Estate Association Inc. came in above year-ago levels in November 2014.

Residential sales numbered 89 units in November 2014, an increase of 9.9 per cent compared to November 2013. November’s sales figure was the highest for the month since 2001, and stands just eight sales below the all-time November record.

On a year-to-date basis home sales were running 0.7 per cent ahead of the same period in 2013 and are on track for the best annual total in in seven years.

New residential listings on the Association’s MLS® System totalled 114 units in November 2014, up 3.6 per cent on a year-over-year basis.

There were 451 active residential listings on the Association’s MLS® System at the end of November, down 3.8 per cent from a year earlier.

There were 5.1 months of inventory at the end of November 2014, down from 5.8 months reported at the same time last year and below with the long-run average for this time of the year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

via Kawartha Lakes Real Estate – Market Watch Issue 14-11 – Kawartha Lakes Properties.

%d bloggers like this: