613-618-4082

March 2018 Real Estate Ezine


March, 2018
News From Michael Arthur
Is spring already here or not? As I’m writing this blog, I am looking at the tremendous amount of snow that has plastered the front lawn and driveway of my home. It has been snowing for a couple of days and I can’t believe that it is still here in March.

Lately, I have participated in a number of bidding wars for my buyer and investor clients. Being engaged in multiple offer situations can be entertaining as a strategic and tactical game where you are competing against other realtors and their clients. On the other hand, however, this game can be stressful and frustrating as you are going back and forth with the seller’s agent who tells you that they received a better offer than your client’s offer. As a result, you constantly have to amend the offer, get your client’s initials and submit the offer numerous times until you receive the devastating news that the seller accepted another offer, instead of yours. This what happened to me a few times, and is demoralizing after all the hardwork, time and effort invested in making your client’s offer the one that the seller should take.

Similar to Toronto, the Ottawa real estate market currently is in a home bidding frenzy due to the limited inventory of homes available for sale on the market, coupled with increased buyer demand, which has led to significant home price increases. Homes are being bought immediately beyond the sale price after being listed on the market after a few days or less than 24 hours.

If you are interested in seeing any upcoming events in Ottawa, you can visit the Ottawa Tourism website at: https://www.ottawatourism.ca/events/#

Happy reading!

Best regards,

Michael B. Arthur
 
Quote of the Month 
 “A funny thing happens in real estate.  When it comes back,
it comes back up like gangbusters.” 
– Barbara Corcoran
 
A Laugh or Two For Good Measure!
Little Johnny asks his father: 
“Where does the wind come from?”
–
“I don’t know.”
– 
“Why do dogs bark?”
–
“I don’t know.”
–
“Why is the earth round?”
–
“I don’t know.”
–
“Does it disturb you that I ask so much?”
–
“No son. Please ask. Otherwise you will never learn anything.”
 
Helpful Life Hacks & Cartoon of The Month
      
 

Buy on sale
           If you went in to your stock broker and said “Hey, I’d like to buy $100,000 worth of Apple Stock, but only if they’ll give me a 10% discount” – what do you think would happen?  After your broker stopped laughing, he or she would explain that it doesn’t work that way.  What the stock is trading for is what you’re going to have to pay.  Take it or leave it.

   Real estate on the other hand is much more flexible.  It is quite common to be able to get a $10K, $20K or even $50K or more DISCOUNT off the asking price of a property.  All that’s required is a bit of knowledge, some negotiation skills, and simply ASKING for it!

   Getting a bargain on what I buy is another reason I love real estate over almost any other kind of investment out there.
 


About Michael Arthur:

Who are we? Creative Real Estate Ventures is a real estate investment company. We have been actively involved in Ottawa area real estate investing for a number of years. Our mission is to provide quality housing for quality tenants, while at the same time providing an above average return on investment (R.O.I) for our investor partners and ourselves. It is truly a win-win-win way of investing!

And if you are ready to find out more about our investment program, I invite you to contact me directly, and I will be happy to show you exactly how it works, either in person, by phone, or on-line.

You can email me at:
michael@michaelbarthur.com
or give me a call at 1-613-618-4082