Bobbi Fahey

12/30/2023

Here are the top 5 mistakes first-time home buyers need to avoid:

1. The community at night; things can change when everyone is home from work or school. TIP - before you offer take a drive to the neighbourhood in the evening or on the weekend.

2. Whether there is room to grow; to really make money off your home, conventional wisdom says you need to stay put for several years. That's why you should think long and hard about what your future needs are too!

3. Daycares and schools; one may assume these two things should be in abundance, but they are not. If you plan on switching cities, do your due diligences on daycare waitlists, schools and school bus availability.

Are you a first-time homebuyer? I can help you make sure that you avoid these mistakes by guiding you throughout the homebuying process. Call me at 905-922-2641 or for those who prefer email, [email protected] so we can get started!

10/18/2023

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“I highly recommend the Michael McDougall Team we had a Great experience working with Bobbi and couldn't be happier with the results. From start to finish they walk you through each and every step of the process of selling your home. The entire team provides you with outstanding service and their professionalism is second to none” — Sandy Knox

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08/09/2023

⚡️BIG NEWS⚡️

I enjoyed a very insightful event this last week; an economic outlook on what the future brings and a bit of what history has wrote in the past that we can learn from, and here are my takeaways that I thought were important to share:

1—When the market bounces back, it will do so swiftly.

In 2009 after we hit rock bottom, there was a 26.9% increase in most markets in 1 month.

In 2018, after experiencing a cooling market when the stress test was introduced, a 12.5% increase in 1 month.

In 2020, when interest rates were first lowered to stabilize our economy, a 25.2% return in 1 month.

2—Time is on your side; historically, the odds of your investment being positive in 1 year is 87%

3—Interest rates will come down going into 2024. However, they will never be as low as they once were and won’t even be as low as they were pre-pandemic. Pre-pandemic, on a high end, 5 year fixed rates sat at approximately 4% and today on a high end is around 6.5%. So we really only sit 2.5% higher than what the ‘norm’ was before. And in theory, if predictions are true when interest rates come down again, there may only be a 1%-2% difference in interest rates from today, and what they could be in the future.

If you really look at the historical findings, and what is predicted to come, some may be asking themselves ‘why are we waiting?’

The market is going to shoot up drastically at some point in a very short amount of time, you have an 87% chance of yielding positive returns on investments over one year AND when interest rates come down it isn’t going to be a mind blowing, life change difference; for most people.

Might be time to rethink your strategy! If this sparked some questions and changed your thinking in any way - send me a DM or hit that link 🔗 in my BIO to connect or receive valuable market info.

07/12/2023

—the reality of high inventory—

the ‘market’ has always been used as a very broad term. overall there may be some similarities between communities but truly, every community has its own market.

and this type of market is dependent on how much inventory that particular community it carrying.

as an example; the Taunton Community in Oshawa is currently carrying 28 listing, and on average stay on the market for 20+ days before a sale. Within the last two weeks, 12 homes have terminated, 6 have done price changes and only 8 have sold.

so then on average 4 homes are selling per week - compare that to the inventory and you have a 14% chance of selling each week IF you are priced fairly. this number will decrease if you are over priced.

this is a perfect example of why market knowledge is so important to continue to effectively sell homes in a shifting market, because those selling stats differ throughout the city and their respective communities. they not ‘market’ stats, they are ‘community stats’ and if I have your full trust, they are they stats that will help me guide you to a sale sooner 🤌

06/27/2023

listings are not selling the way they have in the last couple of weeks. many newer agents have never seen a market like this where listings on the market start to become “stale.” the longer they sit, the more people begin to think something might be wrong with it, making it harder to sell.

this can be frustrating for both the agent and the seller, but it is important to remember that all properties can be sold with the right marketing strategy.

so, why is it stale?

the price. the best marketing in the world isn’t going to get someone to overpay for a house. your price IS your best marketing tool. presentation is also a key factor that coincides with the price and your home should be staged and showcased at its highest and best use.

at the mcdougall team we take extra care and time to follow pricing trends to ensure the value we place on your home is the one that will get your home sold, the first time. in addition to our staging/home enhancing consult, you can be sure your home will be shown in its best light.

if you, or someone you know is thinking about making a move in the next 3-6 months, second/third opinions on value and marketing strategies are always encouraged, and we would love to be one of them. send me a dm to get started!

03/09/2023