As the housing landscape heats up, we're seeing a significant return of bidding wars. This video is your ultimate guide to understanding why bidding wars have made a comeback and how you can navigate this competitive market, whether you're buying or selling. Ariel Kormendy and Adrian Trott, with years of real estate under their belts, share their top strategies and shortcuts. They're here to make your real estate adventure smoother and smarter, using all the insider tips and tricks they've picked up along the way.

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0:14 – Intro
3:54 – The market can drastically change in short periods of time
5:29 – The confidence level of buyers is up
9:24 – People spend more in the warmer months
11:33 – People are more cautious and mindful in bidding wars this year
15:02 – An asking price does not have any perception to the actual value of the property
19:16 – For buyers, get an official mortgage approval from the bank
22:07 – It's not a good idea to write a personal letter to a seller unless you are leasing
24:27 – Recap/outro

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Want more real estate podcast discussions?

Watch it here: youtu.be/uLhNb8fdHt4
Listen to it here: http://www.soundcloud.com/ktrealty

Catch clips and highlights of the show here: http://www.instagram.com/kormendytrott

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Our Social:

Instagram: www.instagram.com/kormendytrott 
YouTube: www.youtube.com/user/kormendytrott 
Facebook: www.facebook.com/kormendytrott
 Twitter: www.twitter.com/KormendyTrott
Soundcloud:http://www.soundcloud.com/ktrealty
 LinkedIn: www.linkedin.com/company/ktrealty
 Pinterest: www.pinterest.ca/KormendyTrott
 TikTok: www.tiktok.com/@kormendytrott?lang=en

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In 2011, Ariel Kormendy and Adrian Trott formed The Kormendy Trott Team, now often referred to as KT (thanks to our logo!). The foundation of KT is built on providing unmatched value and attention to detail in everything we do. From our ever-expanding, comprehensive list of exclusive services to our expertly trained team, you will receive the highest level of care throughout your entire real estate journey.

Originally a team of two in Milton, Ontario, the KT Team has grown into a large team of exceptional REALTORS®, a client-care department, and now includes KT media, KT Commercial and KT Property Management to provide our clients with a complete lineup of genuine, professional, and proven services across Halton Region, Peel Region and the surrounding Regions within the Greater Toronto Area.

We’d appreciate it if you’d subscribe and follow us for behind-the-scenes footage, real estate tips, industry secrets, exclusive listings, KT Confidential - the real estate podcast, and more!

Real Estate Bidding Wars Are Back in 2024: What You Need to Know | EP276



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Andrew Applepie

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I made this track together with Jeff. Show him some love! https://soundcloud.com/jeff-kaale

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Jeff Kaale & Andrew Applepie - Jeff 'n' Andy

KT Confidential Episode 11: Talking the Importance Of Open Houses

Welcome back! Here's what goes down in this episode:

- Builders need to incorporate better garbage, recycling and composting solutions in their new homes to encourage homeowners to properly utilize each service as well as considering more sustainable construction, off-the-grid options, etc.

- How we managed to sell a home over the asking price, in multiple offers, after  being on the market for almost 30 days

- Ariel's overly sensitive about being called out about using his cell phone while Adrian talks

- Creating a basement apartment and the lengths people go to when creating separate access... are they legal apartments and are they adding value to their home?

Thanks for listening to KT CONFIDENTIAL, please like, share and comment if you enjoyed 🙏

Building homes with tech and sustainability | Generating multiple offers | KT Confidential #13

We're discussing Gary Vaynerchuk's recent rant on his $0.02 on home ownership, primarily for entrepreneurs, and how he feels the money you're using for a downpayment could be put to much better use in your business, whether for advertising, hiring somebody, etc.  Feed your business, bust your butt and it'll grow more than any potential gains in your property.

Check us out on Insta: http://www.instagram.com/kormendytrott

Discussing GaryVee's Thoughts on Home Ownership for Entrepreneurs

KT Confidential Episode 15 Answering Your QNA Live On Instagram(If You Had 1 Million Dollars Equity)

THERE IS NO REASON A HOME FOR SALE SHOULD HAVE SHITTY PHOTOS so, in KT Confidential episode 17, we put a smartphone head-to-head against a Sony A7R2 w/ a $2000 Sigma lens to see how they compare.

Smartphone Listing Photos VS Proffessional Camera Gear Quality Comparison (Real Estate Photography)

In this episode of KT Confidential, we discuss some of the new initiatives announced in the 2019 Federal Budget on Tuesday, March 20th.  First-time home buyer incentives have been revised and new ones introduced.  We're speculating that the Equity Share Mortgage option will allow some people to buy where they wouldn't have otherwise and the increase in the First Time Buyer RRSP Program allows for taking advantage of up to $20,000 more tax and interest-free borrowing from your RRSPs.  

The question is, will these initiatives stimulate the market?  

The government is doing other things to increase the development of new construction properties and purpose-built rental properties, which should also have an impact on prices if inventory increases. 

2019 is going to be an interesting year in Real Estate!  Follow the KT Confidential podcasts for updates on the market, real estate news, design trends, home tech and banter.

Our thoughts on the Federal Budget 2019 #YOURBUDGET2019

In this episode of KT Confidential, we answer questions about real estate in another quick-fire round.

1) What are the typical closing costs when buying or selling a property?
2) What are the first steps to take when preparing to sell your house?
3) Spring home maintenance tips
4) Is it worth finishing my basement before selling?
5) When is a good time to buy a home?
6) Selling a house with children
7) Are there any energy efficiency incentives for home upgrades right now?
8) Should I use a mortgage broker or stick with a big bank
9) How much can I expect to spend to landscape my backyard?
10) Where is the best place in the house to spend money for the greatest ROI
11) Where is the best location to buy an investment property?
12) Widening my single car driveway to accommodate two cars side-by-side
13) Understanding value (sentimental value vs market value)
14) Dealing with cracks in your foundation

Real Estate Quick-Fire Round | Selling Your House with Children

What It Takes To Run A Business as an Entrepreneur (Old Generation VS Now)

Founders Ariel Kormendy and Adrian Trott hash it out.  Join them and guests for entrepreneurial motivation, business discussions, real estate tips and more.

Real Estate Bidding Wars Are Back in 2024: What You Need to Know | EP276

KT Realty

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