There are different years mentioned for Millennials. Some say Millennials are Born between 1980 to 1994, Others say 1982-2004. Millennials are currently between the ages of 25 and 39.
Knowledgeable first-time home buyers: Millennials are more informed when it comes to renovations, repairs and real estate process than other generations. Since they grew up during the development of the internet, they are very tech and research savvy. They're able to find ways to access important information such as listings, neighborhood reports, HGTV home renovation videos and other types of real estate information on their own.
In 2019, they will rely on real estate agents to share information that they can't find online such as neighbourhood developments, local market forecasts, local housing regulations and more.
In 2019, online presence will have a huge impact on a Millennial to hire an agent. Having quality testimonials, attractive social media profiles and online tools/resources are important factors that shape their decision-making in hiring an agent.
Buying preferences: In many instances, Millennials and Boomers are competing for the same home. Some similarities between the groups include a walkable and engaging neighbourhood as well as a smaller home with upgraded amenities.
In 2019, they will account for most of the first-time home buyer market as they gain more purchasing power, acquire higher paying jobs and get married.
The Graff Girls Say Definitely worth it! We had a pre-home inspection on a home we just sold. The buyer read the report but decided to have their own inspection done.
Their agent called to say thank you for having a pre-home inspection as there were no surprises and her clients firmed up the deal without any hesitation!
SO, SAY YES TO HOME INSPECTION! The home inspection familiarizes the buyer with the mechanics of the home and what to be aware of in future years. For a seller, a pre-home inspection informs them of anything that may need to be fixed prior to putting the house on the market to avoid a buyer asking for rebates after negotiating a deal!
We are in the “make it happen” business. That’s what clients hire us to do.
When clients need to sell their home quickly, and for the best price, we make it happen.
When clients need to find and buy their next dream home, we make it happen.
When a client wants the entire process to go smoothly and successfully, we make it happen.
How do we make it happen? When we begin working with a client, we ask a lot of questions. It’s important for us to clearly understand what a client really wants. Then, we use our professional skills, training, knowledge, and experience to make it happen!
So, if you’re looking for a “make it happen” REALTORŽ, give The Graff Girls a call.
The Graff Girls work with all buyers and recognize what they are about.
Connecting with Millennials does not always come easy to other generations, and it doesn’t help that there are a lot of contradictory opinions and generalizations popping up daily. Millennials are described as both fickle and brand loyal, having short attention spans and laser focus. We’re told in one article that their buying decisions are most influenced by social media and in the next, that they base their buying decisions on peer advice. We’re also told that Millennials aren’t financially stable enough to purchase homes and yet every stat proves otherwise.
In addition to the seemingly contrary information, Millennials have grown accustomed to distancing themselves from traditional processes and channels, and instead, attempt to go it alone.
The Graff Girls have found when working with Millennials we establish a relationship of trust and guidance that makes for a strong bond and a successful turn of events.
Have you ever worked with someone — a lawyer, an accountant, a contractor — who dropped the ball when it came to communication? Perhaps they failed to return your phone calls promptly or didn’t get back to you when you had a problem or concern.
We can only imagine how frustrating that must be.
In fact, you worry about that very thing when it comes time to select a REALTORŽ. So, let us tell you how The Graff Girls work:
We return calls and emails promptly.
We get back to our clients quickly when they have a problem or concern.
We explain everything clearly and answer questions fully.
We keep our clients in-the-loop, so they always know what’s happening.
Our clients are Our priority.
By communicating effectively, we are able to ensure our clients have a better buying or selling experience. That’s important to us.
So, in the spirit of good communication… call or email us, if you have any questions. We will get back to you right away.
March #'s are in The Toronto Real Estate Board (TREB) has released the housing figures for March, and with 7,187 sales reported across the region, volume was unchanged from the same time last year. The average sales price of all transactions rose to $788,335, representing a year-over-year gain of 0.5%. The average days on market for sold properties was 21. While March sales and pricing remained flat, the number of new listings fell 5.1% to 13,996. Active listings were also down 2.5%, leaving the current supply at approximately 2.2 months of inventory. Such low inventory would typically suggest seller’s market conditions, however, the OSFI stress test continues to impact buyers’ ability to qualify for a mortgage, which has largely kept prices and sales volume in check. As buyers look for more affordable housing options, it’s interesting to note the jump in March’s townhouse sales. Last month, 1,253 townhouses sold in the GTA, representing a 12.1% annual increase. In the 416, where housing is priced at a premium, the increase is even more pronounced, rising 15.2%. We expect to see increasing interest in similar property types until a point where pricing becomes less attractive. At an average price of $741,881, townhomes in the 416 were more than $500,000 less than the average single detached home, and only $140,000 above the average condominium, which went over the $600,000 mark. While at an average sales price of $603,969, the price of condominium apartments continues to appreciate, sales volume was down notably, as a result. In the 416, the 1,349 condo sales represent a 14.1% drop in sales from last year. As the price gap between condo apartments and high density low-rise continues to narrow in the 416, expect to see increasing demand for multi-unit low- and mid-rise housing or increased sales activity in the 905.
What is the newest trend in kitchen design and Should I jump on board?
Today's kitchens are the heart and soul of the home. It is the family meeting place. It's the place where the spouses catch up. It's the place where the kids (actually) talk to you. Guests hover around the kitchen island. The kitchen is central to everyday living. Of all the places in the home, the kitchen consumes most of our waking moments.
Kitchen design is so popular that large industries cater to all parts of the kitchen from cabinets, to countertops, from lighting to appliances and smart home technology. Homeowners justify the expense as an investment in the re-sale value while also enjoying its daily use. There are so many types of kitchen design from old world to modern, from city chic to country cozy. What about cabinet material? Too many. Is there only one finish to the counters? Heck No. Smooth, seamless, straight edges. Hardware or no hardware? How much colour can one put in the kitchen? These are a few of the trends appearing in 2019.
The choices you make stem from your personality. Just like every family has a feel, so too do kitchens. If your home is a city, then the kitchen is city hall. It needs you to define its personality. This is the one room that requires your thoughts and attention. Good kitchen design is worth the investment. It's what sells homes and makes your home yours.
If you are looking for advice on your kitchen, then call The Graff Girls who have years of experience and observed complete kitchen makeovers. Cheryl and Samantha would be happy to share their expertise with you.
What does “sibling rivalry” have to do with the sale of a family home?
As it turns out, quite a bit.
In fact, in our experience, this has proven to be a key part of our work with families who hire us to sell their elderly parents’ home.
In the last 10 years, we have experienced a significant rise in the number of adult children who have consulted and then retained us to list, stage, sell and close on their parents’ home, either after they have moved into a senior’s residence or, G-d forbid, passed away.
The sort of work that we have done with families is highly specialized. Often times, there are many different emotions at play which can influence and sometimes hinder the sale process. Luckily, as a mother/daughter team, we have decades of experience helping adult children and their elderly parents manage the sale of their home - successfully, speedily and with the least amount of stress.
We have faced the presence of sibling rivalry play out in our work, which has caused us to become sensitive, skilled and capable in managing the family dynamics.
As we know, siblings generally spend more time together during their childhood than they do as adults. The sibling bond is often complicated and is influenced by factors such as birth order, gender, personality and the relationship that each child had with the parents. We have witnessed particularly intense family dynamics surrounding the sale of the family home. At times, this is influenced by financial issues such as inheritances. At other times, the intense emotions stem from unresolved past issues, the loss of the family home or, even worse, the unexpected loss of the parents.
Whatever the underlying issues may be, an experienced realtor who is skilled in family dynamics, diplomacy and estate sales is critical to ensuring that all members of the family are treated equally, fairly and respectfully, whatever the outcome of the home sale is.
If you are facing the prospect of selling your parents’ family home and/or moving them to a smaller residence such as a condominium, The Graff Girls would be pleased to assist you in transitioning your parents to their new home.