TGIF: Cautionary Tales!

TGIF: Cautionary Tales!

Friday, May 18, 2018

Wishing you all a safe happy Victoria Day long weekend. It is very appropriate that this should be the royal holiday as all things royal are currently on every news channel. So….to all royal watchers, enjoy the wedding of the year!

On a less happy note, we are now constantly hearing about clients and friends in potentially developable areas being harassed by developers and real estate agents. If someone you don’t know knocks on your door with a proposal to purchase your property and a contract in hand, do not invite them in. Take their information and then discuss it with your own realtor and lawyer. When taking their information, explain that you do not want to hear from them again – if interested, your realtor or lawyer will call them. If they return uninvited, tell them you will report them. Believe it or not, our clients have had to resort to this measure after literally experiencing harassment.

Remember that old adage – if it sounds too good to be true, it is. There are many factors which make up market value and you can bet your boots that the person at your door representing a buyer is only seeing the factors favouring the buyer. If you have questions with regard to any of this, we are your resource – use us.

In a world of brand new developments and pre sale purchases, the other compaint we hear from our sphere is that the potential buyers have not realized that they are unrepresented when moving forward with an emotional, impulsive purchase. The sales team in a presentation centre represents the developer, not the buyer – but in a whirl of pressure created by the sales person indicating that if you don’t buy now, there could be no tomorrow, buyers don’t read the fine print. Every buyer is entitled to independent representation and to spend the time understanding exactly what they are getting into and testing the leeway. Even the best sales team are busy in a show home. The other aspect is that many of our clients also have to sell a home in order to make this presale purchase and when the resident salesperson is venturing opinions on how saleable and the state of the market for the home of our clients, they are out of line and out of their depth. Many of these salespeople are not licensed, and those who are, do not work out in the big world of neighbourhood real estate and therefore cannot give accurate, appropriate information, or help you assess the risk of being committed to a purchase without the sale of your home. This is a minefield and in an ever changing market, the right advice is critical. Take us with you – we want to keep you covered!

In that continued tradition of trust and caring, we remain your
Generations Real Estate Partners –
Michelle, Scott, Sheila, Ray and new Dad, Shane.

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