Desmond Brown

When things go WRONG 🏚🤦🏾‍♂️😰

16 November 2018
Desmond Brown

My clients were relocating out of the province and wanted to take advantage of Toronto's Spring Market. They prepared their home in the usual manner - decluttered, fixed the odds and ends, painted, staged it, and launched it on the market... Ten days later a large branch from the tree on their front lawn had crashed through their roof.


Accessing Sold Prices (...for real this time)!

05 October 2018
Desmond Brown

Sold information is now available! (For real this time!) For me and other realtors to release the sold information, we've had to jump through many hoops in order to follow TREB's silly rules...


How much did that house sell for? 🏡🤔

07 September 2018
Desmond Brown

If you're wondering what your neighbour's house sold for, all you have to do is this...


Downturn in the Market. Cause for Concern? 📉🤔

07 June 2018
Desmond Brown

Recent headlines have screamed prices down 12% compared to a year ago. Is this the beginning of a huge collapse in Toronto's real estate market? Has the bubble finally burst? Well, after working in the media for 11 years, I know how newsrooms work...


A traditional spring market?

10 April 2018
Desmond Brown

The headlines are saying sales in the Toronto real estate market are down by up to 35% compared to this time last year. That number looks huge, but...


Happy 2018

04 January 2018
Desmond Brown

It's been nine years since I left journalism and returned to selling real estate.


Ban on Double-Ending Coming to Ontario

04 December 2017
Desmond Brown

A couple of years ago I listed a property in North York. It had been in the same family for more than 50 years and the house sat on a premium lot with a 40 foot frontage. The property was an ideal opportunity for a builder. We listed it for $1,199,000 on a Friday and set a date to review offers the next Tuesday. To my surprise, by the time Tuesday rolled around 15 agents had registered offers. On that same morning, I got a call from a gentleman who said he wanted to buy the house, but would only deal with me because I was the listing agent. I told him to meet me at my office at 10AM and that offers were going to be presented at 11:30AM. When the potential buyer showed up at my office, he told me he hadn't even seen the inside of the house, but had driven by it. He gave me a bank draft for $100,000 as a deposit and said, "I want this house and I'll pay more than anyone else. You present my offer after you've looked at all of the other offers, and tell me what the highest offer is. I'll pay more."


Bouncing Back?

02 October 2017
Desmond Brown

Yes, I know... statistics show that overall sales have dropped by 35% compared to this time last year. However, as an agent who is active in this market on a daily basis, this is some of what my team and I have experienced since the Fall market got underway after Labour Day:


When Deals Don't Close

01 September 2017
Desmond Brown

We sold a bungalow back in April with a completion/closing date scheduled for mid July. It seemed like a straightforward transaction. We represented the Seller, who lived out of town and had rented the house to two separate tenants - one who occupied the main floor of the bungalow and the other who lived in the basement. In the Agreement of Purchase and Sale, our client promised the buyer vacant possession of the entire premises, meaning that both tenants would have to move out and find new places to live before the deal would close. The main floor tenant found a new home very quickly; however, as the closing approached we discovered that the basement tenant had not found a place to move to and to top it off, hadn't even started looking.


Experienced Agents Rise to The Top in This Changing Market

08 August 2017
Desmond Brown

I recently received a call from an agent on one of my listings. On the listing I stated that the seller would consider holding a mortgage for the new buyer. The agent said to me, "You mentioned on the listing that your seller will hold a mortgage. Can you tell me what that means?" I immediately knew that the agent I was speaking to was fairly new...