Realty Corner - Free Enterprise vs MLS ??

Entrepreneur: "Knock Knock"
MLS: "Who's there?"
Entrepreneur: "Free Enterprise...Consumer Choice...Competition...The Better Way"
MLS: "They are already here...you can keep moving"

Who is really right in this fight? The public eagerly awaits the court decision but that is probably still months (or years) away...

In the meantime, entrepreneurs are trying various different business models with each one hoping that they got it right...Lets wait and see...

Here is a good article @ GlobeInvestor

Catch me on the web @ Raj Bajwa

Realty Corner - Home Hunting

Supply is not equal to demand in this real estate market...

I showed 4 homes in Mississauga (ON) last week with 2 selling for above asking and 1 at 100% of list price...

Most financial experts seem to agree that mortgage rates will eventually start to move up but the real estate sales continue to soar...Buyers seem to be much more confident in the economic recovery and are investing heavily in solid assests, such as real estate.

Happy home hunting to all...

Meanwhile, catch me on the web @ Raj Bajwa

Realty Corner - Reno Time Part II

Whew..almost completed the new home reno project...

New paint...new laminate flooring...new baseboards...new lighting...new kitchen..new 50" Plasma TV + Sony PS3 (that is my reward)...

It has been a great learning experience doing all the work myself with great help from my brother...and a contribution here and there from friends..

Watching all those Holmes on Homes surely paid off...

Ready to move and enjoy the new home this weekend...

Meanwhile, catch me on the web @ Raj Bajwa

Realty Corner - Reno Time Part I

December is off to a great start...

First, purchased my first home..a cozy little townhouse in Maple, ON...needs paint, new flooring, and a 50" tv...

Secondly, closing for a great semi-detached for a Buyer in Mississauga, ON...no work required...Buyer will enjoy the home...

Great time to Sell...and buy

Catch me on the web @ Raj Bajwa

Realty Corner - Commercial Closing

Today was my first commercial retail closing in Vaughan, ON...
All paperwork went smoothly...
Looking forward to assisting my client setup the hair salon...Congrats Frances

Catch me on the web @ Raj Bajwa

Realty Corner - Multiple Offers are BACK

Thinking of selling your home?...Here is what is happening:
- Buyers are searching frantically to buy homes
- Mortgage rates remain low and affordability at an all time high
- Very low inventory of homes on the market
...all of above are generating multiple offers on a lot of properties with homes selling well above the asking price.

Since mid-August, I have no put in 10 offers, with 8 going as multiples...winning a grand total of 2...Last night brought on another multiple offer situation with my client and I ending up with the winning bid...

Thinking of selling your home?...Call me today...

Catch me on the web @ Raj Bajwa

Realty Corner - Bring your offer...and yours....and yours....and yours...

Wow...that sums up my clients and my experience in the last 2 months...

I have put in total of 9 offers since mid August...7 of them have been multiple offers with at least 3 other bidders....Homes have sold for up to 50k above the listing price in Mississauga and Vaughan...The real estate market is sizzling hot and shows no signs of letting done anytime soon...

A lot of listing agents are accepting offers only after the property has been on the market for a few days....that is creating a frenzy amongst Buyers who have been patiently waiting since last year to buy and would like to take advantage of still historical low mortgage rates...

It is a GREAT time to buy...and an even better time to SELL...

To list and sell your home, catch me on the web @ Raj Bajwa

Realty Corner - Please Start The Bidding...

Real estate markets are showing signs of life again...Multiple offers are showing up here and there...Buyers are calling and looking for "great deals"...Buyers seem ready to take advantage of:

1. affordable prices
2. great selection of homes and
   
3. historically low mortgage rates...

Take THAT recession...Here is a great story in the Toronto Star...

Contact Raj to start your "Dream Home" search...

Realty Corner - First Time Buyers

Holding off buying that first home?
Tired of renting a crowded apartment or basement?

First Time Buyers should definitely take advantage of:

• Great selection of affordable homes
• Historically low mortgage rates
• Flexible amortization periods (25 to 35 years)
• Monthly payments possibly lower than renting
• Building affordable equity

Here is a Toronto Star article aimed at First Time Buyers

Call RAJ to start your home search

Realty Corner - Myth Debunked

How often do you hear that:
- 10% of the real estate agents do 90% of the deals...or
- 20% of the real estate agents do 80% of the deals...

I have always wondered where these stats come from. Everyone I ask has never seen such a case study based on research but all have heard it from other "experienced agents"....

Finally, we have Leon d’Ancona's Debunking the 10/90 myth article on REM using actual research to argue the 10/90 myth...

Enjoy...

Realty Corner - Surge in U.S. Housing

In U.S., new homes and apartments construction rose by 22.2% in February

Absolutely great news...Cheers all around

Read the full articles @
The Toronto Star
The Globe and Mail

Realty Corner - Buyers

GREAT start to the weekend...

Three presentations in 2 days...all successful...so far
- Client A needs to lease a Condo downtown Toronto...showings tomorrow
- Client B and C need homes in Brampton...showings through next week

The fantastic selection of affordable homes combined with low, low mortgage rates is very attractive to prospective Buyers

Time to get the DREAM home..now