Peterborough and the Kawartha's real estate market update as of July 18/2017

 Hello friends,

I was reading an article today stating the real estate market has turned into a Buyers market in Ontario. If that is truly the case, Peterborough and the Kawarthas are the exception to the rule. January through April was a complete gong show for multiable offers and crazy prices. This leveled out in May when a flood of listings hit our market. That said Buyers still bought the new inventory up just not in 10 to 12 multiable offer situations. This caught Sellers off guard and Realtors® alike. A large number of properties were holding offers and receiving none on offer date. They would always get an offer or two the next few days but not like it was before.

Now July is going to be the tell tale month for the balance of the year. Obviously, the numbers are not out as the month is not over but watching I am seeing less inventory hit the market and multible offers building steam again. It will be interesting to see.

The shocking truth about Flat Rate Realty

Flat Rate Realty, how the system works and more importantly how will this system save you money and not cost you end sales dollars!

I have been with Flat Rate Realty for over a year now. Before Flat Rate Realty I spent 10 years working under one of the "franchise" Brokerages. I can tell you there is only one change in my full MLS® service from the time I worked at a "franchise" Brokerage and now. That change is I can now offer you Full Service for 3.75%. You loose nothing more on marketing, service and exposure with Flat Rate Realty but what you win is up to 1.25% in savings. For a house valued at $350,000 that is over $4300 back in your pocket. Why would you give that away? Same service (or better) same marketing (or better) and same exposure (or better) with  $4300 back in your pocket! (if your house is valued at $350000)

Hey! Even though you read this statement I know what you are asking yourself.

1. Will my property be on MLS®? Absolutely, your house will be on MLS®. Your listing will also be on my website and many many others.
2. Do I really get full service for 3.75%? For sure! You get all the services you expect, like full market analysis of your home and market. You will also receive full professional negotiation, offer processing and much more. Nothing in my services have changed since leaving the "franchise" Brokerage. It is the same or even better!
3. Will I loose the "franchise" Brokerage network to get a better price on my house? This network was very important in the 1980s but lets face it it is 2017 and a neat thing called the internet which is the network! You will not get less because you are listing with me, you will just pay less!

Give your "franchise" Brokerage a call and have them out to your house. Just make sure I come to your house too for a second opinion and show you how I can save you money.

Call or text 705-927-6236 or check me out www.bradsinclair.ca

Servicing Lindsay, Selwyn, Peterborough and all points in between. 

Ride around Ennismore-Douro-Warsaw-Lakefield

Peterborough and the Kawartha's is a wonderful place to live and play. If you live here STOP! Look around you. There is amazing sites and views everywhere. I took 2.5 hours and went for a 85 km ride around Ennismore-Douro-Warsaw-Lakefield. I would like to show you some of the sites I seen and you can enjoy them as well!

Home Inspections, how to do them in today's market

I read an article in a local magazine this morning titled "Getting a Proper Home Inspection is Critical" and I thought I would write a blog based on the points and comments the author had in the magazine article.

In the article the author started his article by stating it is a seller's market but cautioned not to forget about common sense. He went on to comment that "a lot of agents are suggesting putting in an offer without any conditions". Other comments made were 'you need to go in with a safety net" and "kind of crazy to consider an offer without the home inspection condition"

I understand his point of purchasing a house wisely. A home inspection is something that needs to be completed before purchasing a home. What I disagree with the author is the timing of the inspection.

In a Seller's market the author is advising to have a condition on Home Inspection in an offer. Sometimes this is the kiss of death of an offer. Think about it. You have your house listed at $300000 and you are looking at three offers. One is cash, no conditions $350000, the other is $3500000 with Financing, home inspection and insurance and the other is also $3500000 just home inspection. Which one would you take as a seller?

What I suggest is to do a home inspection BEFORE an offer is placed. In a Sellers market you must do your due diligence before the offer so you have a chance at the property.  This way as the author has stated you are not going in "blindfolded". If you identify a property you would like to place an offer on, request to the Seller through their Realtor to have two hours to complete an inspection. The Seller wants as many "clean" offers as possible and if they are not hiding anything the request will most likely be granted.

One thing we both agree on is to find an insured and licence inspector. The industry is unregulated so my 8 year old daughter can become a home inspector next week without question if she wanted to.

509 CAUSEWAY VIEW RD N ENNISMORE ONTARIO, CHEMONG LAKE-Brad Sinclair Flat Rate Realty

 Looking for the ideal vacation home, residential home or cottage? Here it is. This home checks off all the marks. Located minutes from Bridgenorth and Peterborough this home features clean waterfront, excellent views, well-maintained buildings, garage and the most wonderful sunrises to the east. Enjoy the open concept living along with a 4 seasons sunroom with walk out to a large comfortable deck. Other features at this house includes 3 bedrooms, 2 bathrooms, beautiful oak kitchen, natural gas fireplace, central air and furnace. The property features level lot, armour stone shoreline with sand bottom, detached garage, crank up aluminum dock and a large lot across the road for more room to play or park extra cars.