2024/08/12
Large single-family home in the suburbs, condo in the city, with a pool? This summer, what are buyers looking for at a time when the second rate cut in July could motivate some to go looking for a new home?
Happy reading!
2024-06-24
2024-05-20
Do you know the powers of the law of attraction? Do you know that we attract thoughts, people, events that resemble us? Being magnetic, thoughts shape our lives today and tomorrow since they become reality. This is argued in the highly publicized book “The Secret” by Rhonda Byrne .
Interesting now to position it in the field of real estate. Reading this work, I was able to see to what extent I lived imbued with this way of being. My positivism, my energy and my sensitivity attract the best. I believe in life and in love of oneself and others: what a winning recipe! When you surround yourself with competent professionals, you attract superior results. Real estate brokers provide access to a large visibility network, advertising chosen based on your product and high legal skills. Added to these are the professional evaluation of your property, negotiation and personalized service. So why miss out on this facility? If the commission is the main negative factor in giving your house a mandate, it is the less educated consumers who do not believe they need a broker. However, they could obtain a better net sale price by doing business with a quality broker. No more troubles! Welcome peace of mind! I visualize happiness and I get it!
We are lucky to live in Quebec where houses are among the most affordable in the world. According to the most recent data on Centris , the average price of a single-family residence is $253,000 since the start of 2019 in Quebec. Which is very different, for example, from the island of Montreal which ranks respectively at $485,000. Why not work with a broker you trust? We attract with our emotions. Be open and positive and you will experience abundance with him. Surround yourself with an experienced broker. You will then be well represented. Having trouble getting a loan? Please note that some institutions or financial brokers offer category “B” loans. Although the rates are above the market, this type of loan can make your access to property possible. Finally, your chance to be an owner! And take inspiration from real estate cycles! For the analyst in you, know that according to Gilles Ouellet, president of the Real Estate Marketing Solutions Group, real estate cycles last on average 18 years in the United States. “It goes up for nine years, then it goes down for nine years. It’s been like this since 1705,” writes Mr. Ouellet in a newsletter published in the spring edition of “La Lettre Immobilier” for the benefit of his clients. It seems that in Quebec, the theory is verified based on available data dating back to 1966. In terms of housing starts, it was in 1995 that the last construction crisis took place with only 20,000 housing units built. Peak unit construction was reached in 2004 with 58,500 units built.
Well informed and opting for a winning attitude, you will overcome the most difficult obstacles of a real estate transaction. Especially since in collaboration with me and my team, you take off on the wings of a successful project and only you will know the secret!
Do not hesitate to contact the best to team up with you at patricia@patricietsonequipe.com or at 418 653-5353. Your real estate dream will soon be your reality!
2024-05-19
Do you dream of becoming the owner of an income property? Perhaps only one would be enough to fulfill your ambitions and that a real estate portfolio will finally allow you to achieve your main objective: a happy retirement.
In no time, you have already contacted your favorite real estate broker and you are looking for the new building… Your next gold mine.
But, have you considered the hazards of life as a property owner or are you made to have an income property?
Stock market losses and unprofitable investments make the income property market very attractive. For some investors, it proves the key to success in making money. This goal is achievable by considering several criteria. The location of the desired building, the choice of the building, its market value, the price paid, its general maintenance and the quality of its tenants.
No need to tell you that a good tenant pays for their accommodation, is respectful of the residents of the building and considers the building itself as an asset to be preserved. It’s not just the “Lavertueux Lavertu” gentlemen who make good tenants, the majority are. However, some landlords inadvertently come across a completely different type of tenant that is much more problematic: quarrelsome tenants.
Quarrelsomeness is, according to Petit Robert, a pathological tendency to seek quarrels and to make demands, in a manner out of proportion to the reparation of a harm suffered, real or imaginary.
Put simply, quarrelsomeness is the worst case in the life of a property owner and a tragedy for our legal system. These are tenants who have no serious recourse to assert, they argue with the neighbors, pursue in all directions and exhaust the legal system.
According to the Civil Code, the owner is held responsible for maintaining peace in his building. However, how can we get rid of a perfectly unbalanced individual who lives in complete delirium and who scares away all the occupants of the building?
You must prove the tenant’s behavioral problems before the Housing Authority. Have witnesses in court, for example, tenants who left following the misfortunes of the crazy tenant. The rules of proof before the Régie du logement are practically the same as before the Court of Quebec and the deadlines can vary up to two years depending on the type of case. Mention violence to activate your case.
In short, good advice… Attract the right people and choose a building without any problem! Your real estate broker will be able to provide good advice to help you select the one that meets your expectations. This way, you won’t fall into those energy-sapping legal nightmares.
We meet different personalities. We have a relative sensitivity to heat, noise and discomfort. Are you able to adapt to a tenant’s mood swings? Do you just have the patience to hear a tenant’s voice on the other end of the line? A tenant is disturbing. Furnace breakdown at 8 p.m. on Saturday evening. A tenant squabble at your party evening. A water heater that breaks when you are expected at work.
A good agreement is possible, it is necessary to bring together the following ingredients: regulations dictated and well explained at the time of signing the lease. Comply with it firmly and respectfully. Select your residents carefully, maintain your building well and have flair. Your little inner voice will inevitably dictate the right decision to make and you will have fun owning income properties.
Don’t forget that you have until March 31 to give your tenants their notice of rent increase or changes to their lease.
As a new owner informed of the worst and excited that the best is yet to come, stay away from the nagging as you move closer to your thriving future. Hoping that these few tips will allow you to build your own solid and strong empire with profitable real estate.
To support you in your new real estate project, do not hesitate to contact me or my team at patricia@patricietsonequipe.com or at 418 653-5353!