Josh Reyes - Real Estate Broker

05/07/2020

[RENTED] New Rental Listing 🚨
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This beautiful townhome in Barrhaven features a modern open concept with separate living and dinning rooms. This is perfect for young families and working professionals! 🔑
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🛏 3 bed
🛀 2.5 bath
🌇 3 storey
☀️ balcony
🚘 2 parking
💰 $2,000 per month
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Let me know if you would like a virtual tour and/or would like to learn more 🐼

03/06/2020

Investment doubled in 2 years 🤯
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Shoutout to my good friend and investor client who just sold her first investment property, doubled her equity and generated AMAZING cash flow in the 2 years she owned her AirBnb property 🏡
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February numbers are out and home prices surged another 20+ percent at a 21.5% increase from the previous February. That’s an increase of $105,000 for residential homes and an increase of $60,000 for condos 🚀
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Key highlights of Feb 2020:
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📈 Homes sales up 12% (most in 15 years)
🏠 The avg. home price is $611,000
🏙 The avg. condo price is $356,000
📉 Inventory is down 42%
🏃🏻‍♂️ Homes are selling 6 days faster
🔥 Condos are selling 37 days faster
💰 60% of homes are selling over ask
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If you have a property and thinking of selling, this is the time to SELL! Let me know if you would like to see what your home is value in this market 🤓

02/01/2020

Supa hot listing 🔥
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I’ll be hosting an Open House this Sunday from 2-4pm
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This all-star Airbnb property has almost 200 reviews, 4.83 rating, rents for between $140-$200/night (depending on the time of year) and comes fully furnished and ready to go 🏡
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It’s not just for investors, it’s minutes from the Byward Market and close to anything you’ll need! 🔑
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🛏 Three bed
🛀 One bath
📍 Prime location
🚘 One Parking
⭐️ Five Star AirBnb
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If you want to learn more or shoot me a DM if you want information on it now 🤓

495 St. Patrick Street

12/11/2019

That car payment could cost you an EXTRA $71,000 🤯
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What if I told you that your monthly car payment can negatively affect the amount you can afford for a house by 25%… 🙃
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I was talking to my mortgage broker and he explained how car payments can make or break a mortgage approval amount. Here is an example below. Assuming a $60,000 salary, good credit, no other debts and a 5% down payment 🏡
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🚙 A $250 car payment = $276,000 purchase price
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🚗 A $500 car payment = $240,000 purchase price, that’s a reduction of $36,000 just from an additional $250 for your car payment
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🏎 A $700 car payment = $205,000 purchase price, that is a reduction of $71,000 which is 25% less than what you could have got
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So before you “bougie” out on a car, think about your 1-3 year plan. If a house is in the picture, you might want to reconsider until after you buy a home 🧐
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Again this is only one variable in getting approved for a mortgage, reach out to me if you have any other questions! I would be more than happy to direct you to my mortgage specialists 🐼

11/26/2019

Barrhaven is going to be an even more attractive suburb 👀

A report detailing a new downtown for Barrhaven will go to Planning Committee on Thursday, November 28th.

11/15/2019

If you’re reading this, it’s too late ❄️
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Snow is here to stay. If you’ve procrastinated on buying that home, it’s too late to move before the snow hits the ground ⛄️
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Closing on a home can be as quick as 3 weeks and as long as a couple of months but on average 1-2 months has been the standard 🏡
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At this point if you’re thinking to buy you’re probably looking at a January closing. If you wait any longer you may push that to February 🤯
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Some things to consider when choosing a closing date:
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🤵🏻 You may have to give a 60 day notice to your current landlord
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🏙 That dream property may have a strict closing date out of your control
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🏘 Make enough time to sell your currently property
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👔 A faster close means you have to be more organized with your finances and legal paperwork
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Let’s grab some tea and talk about how to get you started in the home buying process ☕️