fbpx
Toronto Real Estate

Also known as “off-market” listings, these homes may be for sale but are not listed on the multiple listing services (MLS) or REALTOR.ca. Yes, you read that correctly, the MLS does not account for every property on the market.

Off-market property sales happen more frequently than many people realize. Sellers most commonly choose to list off-market for privacy reasons, or because they want to test their home on the market without any history showing up on MLS should they not sell for the amount they are hoping for. The last thing you want as a seller is for there to be a history of your home not successfully selling as this will give buyers the impression that you are either an unrealistic seller or that there is something wrong with your home which will negatively effect your ability to get top dollar. In this case you could find yourself fighting an uphill battle with not many options other than to accept an offer that is substantially less than you may have obtained had you taken a different listing approach in the first place.

Toronto Real Estate

Real estate agents who sell off-market listings must do the legwork and get the word out to find buyers on their own, typically through their network of clientele and other real estate agents as well as making use of other marketing methods that don’t leave behind a long-lasting history of your property being listed.

If you are considering listing your property off market, make sure you discuss with your agent the different marketing methods they will make use of in order to ensure your off-market listing receives maximum exposure. Some of these methods may include various forms of print marketing, open houses, signage and other methods that don’t leave a long lasting history online.

As previously mentioned, many off-market listings are listed in this manner for privacy reasons which is why it is a common listing method for high end homes in neighbourhoods such as the Bridle Path, Rosedale, Forest Hill, Hoggs Hollow etc.

If you are currently house hunting for a new home or plan on doing so in the near future, you may want to ask your agent if they are aware of anoff-market listings that may meet your criteria. You could be missing out on your dream home by not doing so.

Toronto Real Estate Agents

Are you planning on making a move now or in the near future and have questions about the selling and buying process or the market in general?

Send me a message, I’m happy to answer all of your questions for you.

Leave a Comment

Toronto Real Estate Agents

It’s now the time of year when we can enjoy warm cozy fires while we escape the cooling outdoor temperatures on a brisk autumn evening. You know, one of those nights that you pour yourself a drink, sit back and watch a movie or the Leafs as the fire crackles.

Many of the homes in Toronto were built approximately 100 years ago and in some cases before that time. A large number of these older homes in Toronto include wood burning fireplaces, I see them on a daily basis while showing homes throughout the city to my buyer clients.

One important thing to consider when viewing homes which have wood burning fireplaces is whether or not the fireplace and chimney are in good working order and are safe to use. Many of the fireplaces that you see during showings look inviting and you likely take a moment during your showing to visualize yourself sitting back with your feet up enjoying a nice warm fire on a cold Toronto evening once you’ve moved in. However, the reality is that many of these charming old wood burning fireplaces are not in good working order and could pose a threat to the safety and health of you and your family. The last thing you want is to start your first fire in your new home to have a back draft of smoke blowing into your home or even worse, a chimney fire due to build up of creosote over the years.

Toronto real estate

When considering the purchase of a home with any type of fireplace, ask the sellers and their agent the following questions:

Is the fireplace and chimney functional and in good working order?

When was the fireplace and chimney last cleaned?

Are you able to provide a copy of the receipt for the most recent chimney cleaning?

When was the fireplace and chimney last inspected by a WETT certified inspector and do you have a copy of the inspection?

When possible, have a home inspection completed, including an inspection of the fireplace and interior and exterior of the chimney completed by a WETT certified inspector prior to submitting an offer. You may want to ask your agent about including a representation and warranty clause in your offer which essentially requires the seller to provide a declaration that the fireplace and chimney are in good working order. Including such a clause will support your cause at a later date should the seller provide a misrepresentation about the fireplace and chimney to you during the buying process and you then find out that the fireplace and chimney are not in good working order on closing.

Toronto real estate agents

By asking questions and having the proper inspections completed, you can avoid headaches and unwanted expensive repairs associated with fixing a fireplace and chimney that are not in good working order.

Are you thinking about making a move or do you have questions about the Toronto real estate market?

Contact me any time with any questions you may have. I am always here to help and to answer your questions.

Leave a Comment