What is required for representing one had a verfiable offer other than a genuine 3rd party/buyer offering a price?
@mikelind_ca8 ай бұрын
Which house was your favourite? I'm a sucker for midcentury modern beauties <3
@mikelind_ca8 ай бұрын
In case you didn't know, I'm a huge fan of woodburning fireplaces :)
@ninawernick65019 ай бұрын
your captions are atrocious :(
@mikelind_ca10 ай бұрын
Get your home selling guide here: mikelind.ca/above-market-value/
@mikelind_ca11 ай бұрын
This month's real estate market update video has it all. And that's not just hyperbole either. A huge sale price, a market that went from nothing but relisted houses to multiple offers, houses listed in the wrong neighbourhood, and a for sale by owner that ended up selling in a day.
@LiquidChillRelaxation Жыл бұрын
Nice segue to The Police 😀
@mikelind_ca Жыл бұрын
Haha, thanks! My blood was boiling, so it took a couple of deep breaths to calm down.
@amanacatandhisdog8836 Жыл бұрын
Buying our first home the sellers fixed parts of the roof and had to do major electrical work.
@mikelind_ca Жыл бұрын
That's awesome to hear. I was once able to get my buyers $15,000 off the selling price to replace a flat roof because of the home inspection.
@stevebroyles7150 Жыл бұрын
FYI. He's referring to Canadian Dollars
@backrack01 Жыл бұрын
Never have ur realtor pick ur home inspector. Research and hire ur own.
@mikelind_ca Жыл бұрын
Why would you not trust a home inspector that the person you're trusting to help you buy a home suggests?
@MelanadeBeauty Жыл бұрын
Getting closer to closing , my realtor agent seems to be more so working for the seller than me the buyer. We just recently started having doubts with her having our best interest at hand. But it’s too late in the process to swap agents So now I’m worried the inspector she suggested will possibly sugar coat some things to possibly help the deal go through smoothly. Since she’s worked with him several times in the past.
@backrack01 Жыл бұрын
@@MelanadeBeauty get your own. Trust me. Don't feel bad about it. That's exactly what they do... sugar coat everything.
@mikelind_ca Жыл бұрын
@@MelanadeBeauty where are you buying? I'm asking because I'm in Canada - Toronto, Ontario, and inspections can be different in other areas. Is your offer conditional on your home inspection?
@susanfreeman6350 Жыл бұрын
Unless you have a designated Buyer’s Agent whom YOU hire, both the seller’s and buyer’s realtors work for and are paid by the seller in the US. If you think about it, with a realtor’s commission being paid by the seller, there is a definite conflict of interest. It’s wise to be cautious and aware.
@malex123 Жыл бұрын
Can someone answer please?! If the seller lies about the sellers disclosure, you make an offer and then inspection contradicts their lies…can you get the inspection fees back? The issue was water coming in to the crawl space, looks like seller tried to make repairs…but seller on the disclosure said there was no water, or flooding at property.
@mikelind_ca Жыл бұрын
I'm not sure where you live. In Ontario, there is no mandatory seller disclosure. It is up to the buyer to find out any potential problems with the house, ie, a home inspection (caveat emptor). If the buyer does not inspect the property before buying, and subsequently discovers patent defects, the seller cannot be held liable. This is because the buyer was responsible for discovering all patent defects before agreeing to buy. As for whether or not you can get the inspection fees reimbursed, I don't think so, but you can look at the cost of the inspection as insurance that you paid that may have saved you from buying a problematic house that would have cost tens of thousands to fix. I hope this helps, and I'm curious to know where you're located :)
@malex123 Жыл бұрын
@@mikelind_ca Im out of state buying a house in another. So there’s my first error. I was relying on my agent to be my eyes. I asked the sellers agent (as he was the first person I spoke to), if the house had any issues, as well as asked my agent 1000 questions about foundation, electrical, plumbing, termites, windows…pretty much anything I could think of and they all said they didn’t know. And they all did know! But I get what you’re saying. I have had bad experience after bad experience with agents. And I thought I had educated myself. It’s a fraudulent system…that’s my opinion.
@backrack01 Жыл бұрын
I pretty sure in the States.. if the seller lies on the disclosure, u can sue in court. But thats assuming u bought the home and find out later. The disclosure is a legal binding document. I don't think u can get ur money back from an inspection..since they did their job. But u can def negotiate the cost of that inspection..having the seller pay for it..if u still wanted the home.
@mikelind_ca Жыл бұрын
@@malex123 how did your agent know that there were foundation issues? If they did in fact know, and you can prove it, they can get into some serious trouble by their real estate board. At least that's the way it is up here.
@malex123 Жыл бұрын
@@mikelind_ca there was water in the crawl space/basement as well as patching on the concrete wall where someone tried to repair the leaking. The floor in kitchen has a soft spot and is slanting, as well as the bathroom. I didn’t find any of this out until the inspection. There were all kinds of signs the house has structural issues. Those were not shown to me on the FaceTime video. The sellers agent was in the house showing it. So for him not to know is highly suspect, or he is not doing his job. I specifically asked him about foundation issues because the house is 100 years old. He said there weren’t any that he was aware of. Would you have known? Had I know any of this, I would not have put an offer on the house, and wouldn’t have wasted money.
@johnward8064 Жыл бұрын
Good video. Very informative.
@mikelind_ca Жыл бұрын
I appreciate your feedback ✌️. Is there any topic I could expand on from it?
@DannyIvan86 Жыл бұрын
I would also add HVAC into your list. I walked away from an offer as a buyer because the home had booth roof and HVAC at the end of their life, which is about $20K - $30K to replace for a new roof and HVAC. Of course, seller didn't want to budge much and I wasn't going to eat that cost. I was quote $16K for HVAC alone - but I could have found as low as $10K for new HVAC with a different vendor.
@mikelind_ca Жыл бұрын
You're absolutely right. Anything that you find to be a detriment, or unwilling to accept its condition in the inspection is grounds for you to walk away from a conditional offer.
@sidehustlers336 Жыл бұрын
I’m a new home inspector and this video helps a lot with the estimates
@mikelind_ca Жыл бұрын
I'm glad it helped :) Best of luck with your new venture!
@jordankennedy90742 жыл бұрын
Hello👋 fab!! Do what the pros do > "Promo sm"!!!
@meili90752 жыл бұрын
You forgot the house on Lakeridge
@mikelind_ca2 жыл бұрын
Hi! Lakeridge Dr, is located in Centennial neighbourhood. This video highlights properties that sold in West Rouge. I'm considering expanding into Centennial. Would that interest you?
@meili90752 жыл бұрын
@@mikelind_ca of course! I'm pretty sure your previous videos covered the townhouses on Wharfside, which is directly behind Lakeridge
@mikelind_ca2 жыл бұрын
@@meili9075 I understand what you talking about. The video on wharfside was an illustration of poor selling strategy and not reading the market and was not part of my west rouge market review. I’m working on expanding the market reviews to centennial and a weekly look at interesting properties and an inside look. Could you be my test pilot? Send me an email [email protected] so I can show you what I will be talking about in the near future.
@mikelind_ca2 жыл бұрын
Hey! My wife says I should be wearing better business attire while I do these videos. I like to keep it casual and show off my T-shirt collection. What do you think, a collared shirt, or a rock band t-shirt? Comment below ⤵
@JP-ey2rb2 жыл бұрын
I live in the area and really enjoy your videos thankyou
@mikelind_ca2 жыл бұрын
Thanks for the kind words, JP 007 - I really appreciate them and they are encouraging!
@ganoking12 жыл бұрын
Omg! Too long didn't even get to. Houses listed etc. Shut you off!
@mikelind_ca2 жыл бұрын
I'll never understand the need to complain on the internet 🤷♂️ No one cares. Especially me.
@simplyluxx2 жыл бұрын
Currently in the market for a house and came across this video. Just noticed on zolo that it sold! Seems like comparables sold for lower though. Sigh....so confusing sometimes.
@mikelind_ca2 жыл бұрын
Yes it did sell for a bit more than I guesstimated. The market is all over the place right now trying to figure out if we are in a balanced market or still tilted towards sellers. I have a 3 bedroom 3 washroom townhouse listed up the street at 19 Portwine Dr.
@hensterino2 жыл бұрын
I was looking at this exact property over the last couple days. I looked at the listing history on house sigma and found it kind of odd. It's really discouraging seeing stuff like this.
@mikelind_ca2 жыл бұрын
It can be very discouraging for the homeowner seeing prices and demand change so dramatically over the span of a few weeks. It will sell but only if priced properly, and unfortunately there are many agents in Toronto that have never experienced a market like this. Thanks for watching and dropping a comment!
@hensterino2 жыл бұрын
@@mikelind_ca Looks like it went for 1.074 mil. Just above what you predicted. I wonder if the buyer could have got it for less. I feel like they could have gotten away with 975k.
@mikelind_ca2 жыл бұрын
@@hensterino we can always wonder but we’ll never know the contents of an offer except for the final published price.
@elisacorrigan28332 жыл бұрын
Why can't you say the sold price? All that info is available publicly on House Sigma. Our house was in this bunch, and we sold quickly due to competitive offers.
@mikelind_ca2 жыл бұрын
Sold prices can not be made public. House sigma allows you to see the sold prices only if you sign up for that service on their website. I provide the sold prices in a separate report that I can provide if you'd like?
@vaughnodonnell6092 жыл бұрын
??o?o??
@mikelind_ca2 жыл бұрын
Home prices, eh? :)
@mikelind_ca2 жыл бұрын
Home staging pays back! Would you rather make more money when you sell or not?
@Swara_Swarnim2 жыл бұрын
what are the rules around giving chances to ‘improve the offer’ after the offer is registered and the offer is not the best offer?
@mikelind_ca2 жыл бұрын
*Thanks for reaching out! :)* Here in Ontario, there are no rules about sellers giving buyers the chance to improve their offer. I always go through all the comparably sold houses with my buyers to come up with the best offer price. I let buyers know what I think it will take to buy a house and have them decide on what their maximum offer will be. If the seller sends their offer back for improvements, we talk about how much they're willing to improve or to keep their offer as is. It's not easy to buy a home in this market, but proper guidance goes a long way in being successful. I talk about listing vs selling price in this blog post: mikelind.ca/listing-vs-selling-price/ Feel free to reach out with any more questions. I'm more than happy to help :)
@mikelind_ca3 жыл бұрын
Did you walk away from buying a home because the home inspection was bad? Let me know about it in the comments. I walked away from buying a house after the home inspection because there was a train track running behind the house and it was freaking LOUD!
@HenryLouis83 жыл бұрын
Nice video mike
@mikelind_ca3 жыл бұрын
Thanks! I promise, they're getting better 😎
@HenryLouis83 жыл бұрын
@@mikelind_ca subscribed sir I’ll be along for the ride !
@mikelind_ca3 жыл бұрын
Have you been in a house offer situation where the seller didn't respond at all? Let me know in the comments. ***FREE OFFER CHECKLIST DOWNLOAD - **mikelind.ca/offer-checklist/** ***
@mikelind_ca3 жыл бұрын
Have you been involved in a bidding war? Please let me know what happened!