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Reading the papers, there is a lot of talk of foreign investors, especially money coming from China. I’ve also been seeing a lot of talk of rental prices going up. Those two seem to be the latest hot topics. Montreal is an amazing market. Not only is it the most incredible city in Canada (my opinion of course after living in 3 major cities and visiting all of the cities in Canada but one).  We’re the 3rd on the list for Canadian real estate. It’s a great place to invest.  The cost is just low enough that it’s still relatively affordable and there is room to grow.  It’s like buying the smallest house in a neighbourhood full of big homes.  The city is attractive, cultural, festive, hot and sexy, architecturally divine and we’re all foodies and wine connoisseurs. We house the historic Canadians hockey team, and are known for our poutine, bagels and smoke meat. What’s not to love!

How much do you declare when selling?
A lot of people think that this is a waste of time and almost feels like they are shooting themselves in the foot by declaring everything they know that is wrong about their house. There is nothing further than the truth. If you receive an offer on your house, a buyer will be acknowledging your declaration in writing.  They are stating that they understand and accept all that you have declared.  Their price will reflect that, which means that after the building inspection, they would have no reason to “renegotiate” on something you’ve already declared. As well, very important, after they buy and move in and then decide to come after you for a problem they have found, and it was stated in the declaration, you would be protected because they acknowledged knowing. A declaration protects both parties. This post is a reminder that you have to legally declare any violent death, which includes a suicide. 
Stage Your House with
Low Cost Upgrades

We all know it: the better your place looks, the easier it is to sell.

But many people don’t realize that upgrades don’t have to be major renovations. Here are some low-cost ideas that will give you a solid return on investment.

Love the Exterior for a Good First Impression

First impressions are important so give the outside of your house the most love. Choose exciting colors like grey/mauve, terracotta, or sage. Paint everything that needs it: wood trim, railings, the mailbox, light fixtures, etc. Be sure to have some black or white in there for contrast. If it can’t be painted, replace it.

Do some basic landscaping

Take out or trim everything that is overgrown. Be ruthless. Cedars are great when they are green and small but get rid of them if they are yellow and too tall.  Keep the look short, so you can see the entrance. Weed the grass and add more seed. Clean debris and weeds from the garden and add more dark earth and mulch. Make a nice clean line between the grass and garden. Consider investing in a couple of contrasting bushes and some bright annuals to light up the front.

...continue reading

Market News

What happened in December Market News – Montreal and surrounding areas

The number of sales are up in December 10% from a year ago.  Overall active listings have changed from -25% in the spring, to -19% over the summer, and now -9%.  Hopefully that will balance out the market a bit more and allow buyers to find product and reduce the multiple offers. Having said that, the Island itself is still at -13%. The biggest change I see is that condos are up +8% compared to every month over the last year, whereas it’s been extremely low.  Huge jump in sales in Laval to 20%!  North shore and Vaudreuil-Soulanges took a bigger tumble than usual in sales. Perhaps people are moving closer to the island. Welcome Saint-Jean-sur-Richelieu; who has joined the monthly statistical report.

View latest market news clip:

Centris® Residential Sales Statistics – December 2017
Sales statistics for May 2017

Upcoming Events

Flipping: Beginner Investor Workshop

Tuesday, February 7th, 2018
7:00pm - 9:00pm

David Ghavitian is an engaging real estate lawyer. I've seen him live and was so impressed that I invited him to speak to our group.

The topic he'll be covering is "Legal Challenges of Buying a Property". He'll address latent defects and understanding recourses in regard to finding out information that is incorrect, such as a square footage irregularity that was on the listing, or possibly information the seller knew and withheld, etc.

Cost: $10

Learn more about this month's Meetup here. Would love to see you!!!
If you want to stay on top of the market, become a part of our Meetups here!

Build Your Real Estate Brain

Visiting Properties: What to Watch Out For

Not only will we look at assessing a property for purchase, I've also compiled a list of very important details that are always overlooked.  Tips and tricks to help you determine aspects about the building that are imperative to its overall value.  I'll share with you my secrets that I've learned...shhhhhh.  With an important purchase like this, you can never be too cautious!
Buy Now

A little inside info ABOUT ME:

Jennifer Lynn Walker
Montreal's #1 Eco-Realtor

If you are thinking or planning on selling your home or buying more real estate, and/or interested in real estate being part of your retirement portfolio, and would like a free 15 minute phone consultation, please email me your availabilities to book your call.
If you are thinking or planning on selling your home or buying more real estate, and/or interested in real estate being part of your retirement portfolio, and would like a free 15 minute phone consultation, please email me your availabilities to book your call.

"We were first time home buyers when we were referred to Jennifer by our bank manager. She made our experience of purchasing our first home so easy and enjoyable, and included us in all processes of the transaction. She was absolutely in tune with what we were looking for in a home, answered all our questions and made us feel we were in control of our purchase. Five years later, and we are still very much in touch! I have, and will continue to recommend Jennifer to others. Thank you Jennifer for your kindness and up most professionalism!”

- Melinda Paradis
Copyright © 2015 Montreal Realestate, All rights reserved.

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Montreal Real Estate · 121 Av. de Breslay · Pointe-Claire, Qc H9S 4M8 · Canada

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