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It has certainly been an interesting month for me. My clients and I “got schooled’ by the banks. I’ve been in a few situations in the past with my buyers, where the banks didn’t approve a house.  In these few situations, everyone, including the seller, was aware of this before we even put in an offer. This past month I’ve had two deals where my clients were approved, but the houses were not. This type of situation is a slippery slope of confusion and could easily lead to mistrust and losing the deal when no one involved has ever heard of such a thing. “My house is not approved with your bank? Really?  I’ve had a mortgage on it for 20 years!!”

Times are a changing.  Banks have become stricter with their lending habits. I believe we will be seeing more and more of this. We all have to adapt as time goes on.

Big negotiating faux-pas, never write 'refuse' in the middle of negotiations when you have a bottom line, write your final offer in the counter. Telling me your bottom line and then writing 'refuse' kills the deal immediately. The most important thing is keeping the deal never know!

Featured Listing

Prud'homme NDG Condo

Come experience the NDG lifestyle, the sense of community, mature neighbourhood, and all this just a few minutes from the downtown core.

Features: Entire condo professionally repainted, custom designed window treatments throughout, professional built-in's added to 2nd bedroom and living room and more!

Want more information about this beautiful property?
Banks Are Approving Buyers,
But Not Houses

This past month I had two deals where my clients, the buyers, were approved with the banks. Then the houses were turned down.

It created a lot of confusion for the sellers and their realtor, and it put our offer in jeopardy.

This is a new trend I've been seeing in my deals and hearing about from colleagues and bankers in the business.

These days, when the banks send in their evaluators, they don't just assess value. They also report back about any cracks in foundations, or major up-keep issues. This raises red flags on the file and the loan officer will likely ask to see the building inspection report.

Inspection report can bring up more problems than expected

The state of a property tells a story. Overdue maintenance on brickwork, cracks in the foundation, a deteriorating leaking roof will all significantly lower the value of a property.

When a property is flagged and the loans officer requests the inspection report, you must oblige, even if you put in an offer that was not conditional upon an inspection.

...continue reading

Market News

What happened in October Market News – Montreal and surrounding areas

What a market these past 6 months have been!  Keeping up with the trend, sales are still up and listings are down.  The good news is that there are more listings on the market which is creating more active properties to choose from. All sections, houses, plexes and condos are up across the board.  Condos are making a comeback and have reached a high, which we haven’t seen in a long time!

View latest market news clip:

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

Upcoming Events

Flipping: Beginner Investor Workshop

Monday, December 11th, 2017
7:00pm - 9:00pm

Have you ever thought of getting into flips? Not sure where to start and what is involved? 

Come and learn what it’s all about!

Topics covered:
- Types
- Market & Strategy
- Buying
- Financing
- Holding Costs
- Renovations
- Selling

Out of all the real estate styles this one is the riskiest. It’s all about timing, finding the right deal and knowing your market. I’ll cover as much as I can in two hours. I’m going to use the white board to write out all the core knowledge and we can also brainstorm and share our ideas.

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

Hidden Cash: Increasing Your Building's Portential

We all want the get the most out of our investments. But how do we do it?

Over the years, I have seen thousands of properties and counselled owners on how to increase their value. In this guide, I’d like to share with you some ideas so you can pick and choose what works best for you and your situation. There are many great ideas that take almost no effort and some that could take a lot of time and money. The outcome could mean the difference between a good investment and a great one.
Buy Now

A little inside info ABOUT ME:

Jennifer Lynn Walker
Montreal's #1 Eco-Realtor
Montreal’s Premier Eco-Realtor and Real Estate Expert is on your side to joyfully guide you through stress of selling or buying your next home or investment property so you can stay in control and enjoy the process. My service goes beyond the sale and includes  helping you find eco-safe renovating products, neighbourhood eco grocery stores or the best online services, I’ll help you discover a healthier lifestyle both in and outside your home.
"I inspire people to go green with their buying, selling, & renovations"
Contact me at for a complimentary consultation.
Don't feel STRESSED have an expert on your side, holding your hand, helping and supporting you 100% of the way.  You are important.  Your issues are important...and no, you are not crazy.  Real estate investments can be a stressful undertaking.

"I am very fortunate to have had the pleasure of working with Jennifer as a colleague and as her client. In both aspects, she demonstrates professionalism, kindness and plenty of industry experience. Over the years we have become very good friends and I trust her judgment. I’m not a novice in the field and I thoroughly enjoy challenging her with my ideas. She’s fun to work with and is very passionate about what she does.”

- Marc-André Rocher
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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