Barrie Buyers information Archives

Selling your Barrie Home

Everyone knows how kind and friendly Barrie neighbours can be. There are also, however, neighbours that can be quite a problem. Perhaps the neighbours are fond of keeping junk piled up on their front lawn and around every single available space they have. Whatever the case may be, always realize that neighbours can and most definitely will have an either positive or negative effect on potential homebuyers. Here is some info that you should keep in mind if you are thinking about selling your Barrie home when your neighbours are less than ideal.

 


 

 

Dealing with problem neighbours

 

Dealing with the problem means coming face to face with the neighbours. Always be kind and respectful as they do live nearby and are quite capable of making your life worse. When a problem arises with a neighbour, try to see things from their perspective and work things out.

 

Very often issues that could have been resolved quietly and peacefully develop into large fights that go back and forth simply because one person decided to be rude. Even if emotions are flying high and the neighbour’s dog dropped a surprise on the front lawn once again, take a minute to collect your thoughts and feelings before approaching the source of the problem.

 

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 The Bank of Canada announced on October 23rd 2013 that it was keeping its trend-setting overnight lending rate at 1 per cent. It has been at this level since September 2010.

The biggest change from previous statements was that it no longer hinted that the next move will be a rate hike. Instead, the Bank defended its decision not to cut rates amid persistently low inflation.

The Bank said it does not want to risk reversing the current “gradual unwinding of household imbalances” and slowdown in household debt growth. In other words, the housing market is well behaved right now and the Bank wants to keep it that way.

The Bank said global growth had become “less favourable” for Canada. This is a reference to the slow pace of economic recovery and increased uncertainty in the United States, which is resulting in weaker than expected Canadian export growth and business investment.

Accordingly, the Bank has lowered its projections for Canadian economic growth this year and in each of the next two years.

The Bank now expects economic growth of 1.6 per cent in 2013, down from the 1.8 per cent projected back in July. Growth is expected to pick up to 2.3 per cent in 2014, which is down from a 2.7 per cent projection in July, and edge up further to 2.6 per cent in 2015, also down from 2.7 per cent in July.

The Bank now expects that inflation will not return to its 2 per cent target and the economy will not return to full production capacity until “around the end of 2015”. That’s been pushed back from the previous expectation of their doing so by mid-2015.

As such, the possibility of the Bank hiking interest rates anytime this year or next is likely off the table at this point. If anything, the odds that rates could be cut has increased; however, unless the economic outlook deteriorates further, the most likely scenario is that the Bank will keep interest rates on hold for quite some time yet.

As of October 23rd, 2013, the advertised five-year lending rate stood at 5.34 per cent, unchanged from the previous Bank rate announcement on September 4th.

(CREA 10/23/2013)

If you have been thinking about getting your feet wet by investing in Barrie properties there are a few basic things you should know first. These suggestions will help you get a general idea of what you should be looking for when you are interested in Barrie investment properties.

1. Look for properties with high resale values

Some of the investment properties that are available look like they are a good deal until they are assessed for their resale value. If you are planning on buying a Barrie property in order to resell it later, the resale value is one of the most important things to keep in mind. It does not matter if you get a good deal on a property if you are not going to be able to sell it easily later on.

2. Look at the market in the neighborhood

It is not important what the market is in Barrie if the neighborhood you are purchasing your investment property in does not have good statistics for property sales. A city can be doing well for property sales while one neighborhood could be experiencing difficulties for one reason or another. Be sure to check on the market of the neighborhood before closing a deal.

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In Case you missed it….

Ian Hocking on The Real Estate Talk Show

On Saturday August 24th, Ian Hocking was featured on The Real Estate Talk Show with Co-Hosts, Erin McCoy & Simon Giannini discussing all things real estate in Barrie.

Ian Hocking has teamed up with The RealProCanada with the common goal in mind to promote local communities all across Ontario. The purpose of this radio segment was to promote Barrie as a great place to live and invest. During the show we will discuss many of the positive points surrounding Barrie, the recent addition of the Go Train, RVH, Base Borden, location vis-a-vie tourism as well as the intended growth patten for the area in relation to the places to grow act.

LISTEN HERE!

 

Do you have an Agent? If you are planning on visiting an open house in the near future, you should know something about agent representation. A real estate agent cannot try to take a client away from another agent and there is a proper etiquette that is followed by agents.

Barrie Open House Information

Is the Listing Agent the same as the open house agent?

The agent that listed the house may indeed be the same agent that is holding the open house. The best and quite possibly the only way to find out is to ask him. Don’t count on a Barrie agent having nametags or a name on the sign out front. In many cases there can be a co-listing where two agents get together and co-list a home.

Visiting an open house when you don’t have an agent

If you are interested in purchasing a house and have not yet worked with a real estate agent you may very well meet one that is a possible candidate when you visit an open house. Sometimes seeing an agent in action is the best way to tell if they are good at what they do. An ideal time to observe agents in action is during an open house. Read the rest of this entry

As Barrie real estate agents, this is one of the most common questions that we hear. Most people are wondering whether they are flushing their rent money down the toilet every month while they could be building up equity on a home for the same price. The truth is that renting is a complete waste of money, and depending on the location, you may be paying as much rent as you would be on a mortgage.Can you afford to own your own home in Barrie?

Inside Barrie

If you are currently renting a house or an apartment that is conveniently located to shopping, public transit or near Barrie’s desirable downtown core, you are probably paying an astronomical amount of rent every month. Somebody else is making money off of your rent check every month. Somebody else owns this property and they are using your rent money to help pay off the mortgage on it or the mortgage has already been paid off and they are enjoying pure profit. When you think about it this way, it isn’t very pretty is it?

If you enjoy the convenience of living in these areas, you are probably paying less for rent then you would be for the mortgage of a house in Barrie. If, however, you were willing to look at homes just outside of the city, or in an area that doesn’t have as many nearby conveniences, you could very well be looking at a mortgage payment that is the same or lower than the rent you are currently paying now.

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There are certain things that absolutely have to be in place in order to sell your home faster or to find the perfect Barrie home for sale. One of these things is establishing good communication with your real estate agent. Without good communication, the whole process of buying or selling a home can take twice as long.

Here are some helpful suggestions you can use to make sure that good communication is always flowing between you and your Barrie real estate agent.

1. Choose the right agent

As soon as you start looking for a real estate agent in Barrie you should find one that you can talk to easily. You will be having quite a few discussions with this agent in the future so it is important to find one that can listen well and duplicate what you have to say. If you find that you are repeating yourself often in a conversation and the real estate agent just doesn’t seem to be getting your point, find another one. Communication really is that important in the real estate business.

2. Let your agent know what your goals are

You have certain goals that you want to reach whether you are buying or selling a home in Barrie and it is important to get these established right away with the agent. If you are a bit uncertain about your goals, you can sit down and have a conversation with your agent to help get them clarified. Read the rest of this entry

Barrie Home Buyrs InformationEvery home buyer should take a final walk-through of their soon-to-be new Barrie property before signing the closing papers. This is done to ensure that there is no damage to the property and that everything that is supposed to be included is in place and has not been removed.

This gives the home buyer one last chance to make sure that everything is intact. This is your time to verify that everything is a go at your end and nothing looks different. At this point, if you do see anything that looks different it is your opportunity to point it out and ask questions. Don’t panic if you do notice something awry – usually there is a very simple explanation for it that makes total sense.

Take a careful walk around the exterior of the house and make sure that the windows, gutters and foundation all look fine. Walk around the interior as well and test the doors, toilets, lights and anything else in the house that you can see. Don’t forget to test a garage door or garage door opener as you are doing your walk around.
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When times are tough or when times are good there is one method of Barrie real estate investing that will continue to work year after year. If you have not yet started a real estate portfolio, learn about this method first. It really is the way that works time and time again to ensure that money flows into your pockets on a continual basis.

The wrong way

A big mistake that new investors make is to put all of their cards into a building assuming that the property value will rise. In many cases the value will go up, but there are cases where it won’t and that can cause a major problem for investors that haven’t factored it into the overall investment equation.

The right way

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2 Story Executive home located in great south end subdivision.

We have just listed a lovely 2 story home built by higher end bulder Grandview. The Abbey model is a popular design , espcially with families as it provides a nice computernook room on the second floor as well as 4 good sized bedrooms, open plan layout on the main floor and then a good sized basement. This particulr home is designed slightly differently in that the central staircase into the basement is built to the side of the home and hence the basement doesn’t suffer with the staircase and is correspondingly very open and perfect for finishing. At 2500 sqft this home is large enough for even multiple children. Nicholson Crescent is also a very desirable area being within easy walking distance to several schools and the Catholic high school.

The video below will give  you a great idea of the layout ,  view the home personally by calling us at 705 720 2200

Sincerely

Ian Hocking, Broker of Record

Carolin Hocking, Sales Representative

 

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