MONTREAL Real Estate Investors Group

As a selling broker you’ve got an offer on the table. That afternoon, you hear of another one coming in…by Sat night, you receive the fax for the second offer. You call the 1rst broker at 20:00 and leave a message on their phone. The deadline for both offers is 22:00 that night. That one phone call is all the effort that is made…is that good enough?

As a seller, your best scenario is to have multiple offers and for all of them to be aware of each other. Legally that is the job of your broker. You want all the offers to put their best foot forward, blindly trying to outdo all the others. In these cases it’s not surprising to see buildings go for asking price or more.

I was the first offer and did not get a chance to answer the phone that night. If the broker tried calling me again or texted or emailed, I would have gotten the message that another offer was in. Surprisingly, instead of the broker waiting until he has gotten a hold of me, he presented the offers as is to the vendor and the second offer, the one knowing of multiple offers was picked. Not surprising.

Any good broker wants the best for their clients. In this scenario, it would have been in the best interest of the vendor if I had known about the other offer so we could change ours to be more competitive. The timeline at this point wouldn’t have mattered. The listing broker should have informed the 2nd offer that owner was going to answer to the offers the next day. If that took an amendment for the 2nd offer to change the timeline so be it.

What’s the most important thing here is not the deadline of an offer, but the effort you take to get the most for your client.

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I’ve started this group because I love real estate and educating people on the matter. If you would you like me to work for you, call me 514-402-8444 or EMAIL ME!

WHERE: Royal Bank of Canada
3900 cote vertu, suite 101, st laurent, QC

TITLE: “Learning About Commercial Mortgages For Buildings And The Financial Aspects On Buying A Business”.

DESCRIPTION: We’ll learn more about commercial lending for buildings and for businesses.

PRESENTED BY: Guest Speaker: Angelo Caparelli – Senior Account Manager at RBC. He has 25 years experience within RBC Real Estate related to lending, underwriting, risk assessment, leasing & management of mutli-residential, retail, industrial & office buildings. Angelo’s role within RBC is to support and guide the Account Manager’s in commercial lending.

Doors open at 6:50

AT 7:00, we’re asking members to do a 30 second (or less) infomercial about themselves. This is a great time to introduce yourselves and inform people of what you are doing & looking for. Bring your business cards for our table.

DRAW: We will put your name in a draw to WIN a Real Estate Invement book. We’ll do this following our Guest Speaker.

COST: 10$

For more information on our Meetup Group, visit: www.budurl.com/MeetupGroup

If you would like a one on one consultation on buying real estate, please give me a call and I would be more than happy to assist: jenn@montreal-realestate.ca or call Jennifer Walker 514-402-8444

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I’ve started this group because I love real estate and educating people on the matter. If you would you like me to work for you, call me 514-402-8444 or EMAIL ME!

What are the first steps to be taken when you want to sell your home? I recommend doing the following. Go outside and view the home as if it’s the first time you are visiting this house and ask yourself the following questions:

• How does the house present itself at first glance. Would you notice the house when driving by?
• Is there an abundance of plantings in the front?
• Is the front appealing to passersby?
• Is there anything blocking the main entrance door?
• Is the main entry way welcoming?
• Does the main door open easily?
• Once inside, is the entryway cluttered?
• How does the energy flow through the rooms?
• Is there a lot of clutter everywhere?
• Are there any unfinished projects or unrepaired holes etc. that need to be attended to?
• Are the wall colors easily adapted to any furniture type or style
• Are the rooms dark and stuffy or are they bright and airy?
• Do the rooms feel overloaded with furniture?
• Is there a smell in the home such as from a beloved pet?
• Are your kitchen and bathrooms in need of a facelift?
• Do your carpets need cleaning?
• Do your walls need painting?

Do you get a sense of a well maintained home when touring your own home?
If you don’t then you know that you have much work to do.

What does it actually cost you to keep your stuff? Let’s do the math shall we.

List all the rooms that you have in your home on a piece of paper. Then go in each room and estimate the percentage of space that is be

ing taken up by things that you rarely or never use. Be honest with yourself as you do this process. If you want the blatant truth, include everything you don’t absolutely love or haven’t used in the last year.

In an average home the list should look something like this:

1. Entrance foyer 5%
2. Living room 10%
3. Dining room 15%
4. Kitchen 30%
5. Bedroom #1 40%
6. Bedroom #2 25%
7. Bedroom #3 20%
8. Junkroom 100%
9. Bathroom 10%
10. Basement 70%
11. Garage 90%

Total Clutter 415%

Now divide the total by the number of rooms.

415% ÷ 11 rooms = 37.72%

This means that 37.72% of your mortgage is being paid to house things that you don’t need or use.

The example given above is an average one. Some people’s percentage will be higher and some will be lower. The point is that clutter costs you $$ no matter which way you look at it.