It’s decided; you have agreed to take on a new challenge which requires you to move to another Canadian city, or perhaps even to our neighbours to the south. But how can you choose a property in Toronto, New York or Los Angeles when you don’t even know a soul who lives there? In any event, you wouldn’t pick just any agent in Montreal, so why would you randomly hire an agent somewhere else?
The REALTA team can offer invaluable help in finding a real estate agent who will meet all your needs, by referring you to some of our colleagues based elsewhere in North America.In Quebec
The Montreal real estate market is booming. The relatively low cost of properties in this Quebec metropolis compared to other major North American and European cities is a definite attraction for potential foreign buyers.
Once the decision has been made to move to a new city, or even a new country, the questions just keep on coming. City or suburb? Rent or buy? At what price? Single-family home, duplex… how do you choose?
In addition to informing you of the real estate market to better target the property that’s right for you, the REALTA team will gladly provide you with information about the neighbourhood that interests you. We will give you references on the best schools, services, restaurants and cultural activities – all to help you carve out a familiar and enjoyable environment.
Since buying and renting procedures vary from one country to another, it’s best to count on a team of experts who will wisely guide you in your choice. You’re not just investing in real estate, but in your quality of life.OPEN HOUSES, FOR OR AGAINST?
An open house is a marketing tool that increases the visibility of a property by inviting anyone who is interested in the building to show up during the advertised period, without an appointment, to meet the real estate agent on site. However, open houses are sometimes the object of unwarranted prejudice. Some of the myths and misconceptions surrounding open houses include:
• Open houses are only used to sell properties that might not otherwise sell.
• Open houses only attract curious neighbours.
• People who show up to open houses are not serious about buying.
Admittedly, there will always be neighbours who show up for open houses. But statistics show that over 80% of people who make the effort to show up are ready to take action – in other words, to buy or sell – and will do so within the next year. And since no one can sell a neighbourhood like one of its residents, it’s not surprising then that these visits from your neighbours will often pique the interest of their friends or family who otherwise would not have seen your property.
What’s more, an open house will create a certain sense of urgency among potential buyers, who will also be gauging the interest of other visitors. For example, a property sold above the asking price following a second open house (after having been on the market for 5 weeks). That open house resulted in three promises to purchases. It was the highest bidder who got the house.
In short, an open house is an effective and generally very positive trade practice that can be used for any property, be it at the beginning, middle or end of a mandate.THE CERTIFICATE OF LOCATION: AN IMPORTANT DOCUMENT
To avoid unpleasant surprises when selling your home, it’s best to ensure your certificate of location is still valid.
A certificate of location is a document that attests to the property’s geographical situation. Generally, it is the vendor who must provide the buyer with a certificate of location, since it is the vendor’s responsibility to demonstrate the accuracy of the information concerning the property (the building’s site, measurements, etc.). Waiting until an agreement has been reached with a buyer (accepting the promise to purchase) to verify whether the certificate of location is still valid could cause the vendor certain problems, including the inability to deliver the home within the agreed timeframe. A notary will be able to confirm whether the certificate is still acceptable.
Here are some situations for which a new certificate of location will be required:
- Addition or removal of a balcony
- Addition or removal of a pool
- Addition or removal of a shed
- Addition or removal of a fence
- Cadastral renovation
- Enlargement or demolition of a building
- Addition of a new building