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News and Blog2020-03-26T14:56:35-04:00

Bidding Wars in Today’s Real Estate Market

The bidding war phenomenon, common in the Quebec real estate market for a few years now, has intensified in recent months. What does this mean exactly, and what is the impact for buyers and sellers? Truth in numbers In the Greater Montreal area, the price paid for a property is generally higher than the original list price now. This is a good indicator of how volatile the market has become. In fact, it is not uncommon for several different buyers to submit offers on the same property—and in trying to outbid everyone else drive up the price by thousands of dollars. “I have seen offers go as high as 20 percent above the original list price,” says real estate broker Katia Samson, founder of Katia Samson Real Estate Group specializing [...]

Selling Your Property: Why you need a current certificate of location

You may have put a lot of time and effort into renovating your property to make it irresistible to a new buyer. But in the rush to conclude the transaction, it is essential to not overlook an important detail: the certificate of location. An up-to-date document helps protect you against potentially costly mistakes. What does a certificate of location include?  The certificate of location is one of the most important legal documents in any real estate transaction, whether it involves a commercial or residential building, house, duplex or condo. This report, prepared by a land surveyor accredited by the Ordre des arpenteurs-géomètres du Québec, outlines how a property is situated and its current state, which includes any titles, lots, zoning regulations and municipal bylaws that may affect it. In the [...]

Income property—always a sure thing?

Many owners decide to keep their first home or condo as an investment. But should they later decide to sell while tenants are still living there, the initial excitement around owning a rental property can quickly turn to disappointment.  Katia Samson, founder of Katia Samson Real Estate Group and Certified Real Estate Broker AEO, possesses more than 25 years of experience in property sales and rentals. Here, she explains why there can be significant drawbacks to renting out your property. About the lease “It is essential to know about tenants’ rights and associated issues when you decide to sell,” Katia explains. “What’s more, a home must be sold and notarized six months before the end of the lease if the buyer wishes to occupy it, which is difficult to predict when [...]

New Association for Katia Samson Real Estate Group!

Katia Samson Real Estate Group is very proud to announce its new partnership with the RE/MAX L’ESPACE agency, located in the heart of Montréal. “We will continue to provide the same ultra-personalized service to our clients, which we are known for, while being affiliated with the RE/MAX Group,” says Katia Samson, President and Founder of Katia Samson Real Estate Group. RE/MAX is the most important local and worldwide real estate banner, and the one with the largest number of international transactions. In Quebec, most property sales are completed with RE/MAX, which boasts an impressive market share and a very large group of real estate brokers. In addition, in the Greater Montreal area transactions with RE/MAX outnumber every other banner. “I am extremely happy to be joining such a valued brand [...]

Real Estate Continues to be a Dynamic Driver in Quebec This Fall 2020

Even if shutdowns are ongoing in Quebec at the end of October 2020 because of an increase in COVID cases, the real estate market is still extremely active and sales continue to break records in the Greater Montreal area; this could also be due to overbidding from some buyers for some very desirable properties.  In Quebec, 32,200 property sales were recorded from July to September 2020, an exceptional increase of 49% compared to the same period in 2019. This is an absolute record of activity since the Centris system began compiling market data, in 2000. As for new property listings, there were 37,566, an increase of 16% over 2019. In addition, we’ve seen continuous price increases for several years now. Throughout the province, the median price of single-family homes increased [...]

Real Estate and Covid: Visits and Transactions Are Still on for Fall 2020

Despite the partial shutdown of certain commercial activities (restaurants, bars, gyms) in red zones across Quebec, all real estate activities continue to be carried out, but with the necessary preventive measures put forward by the government. Better Safety Measures "It goes without saying that, since the start of the pandemic, visits have changed in order to respect physical distancing and the new reality that we are all living through,” explains Katia Samson, Certified Real Estate Broker Chartered AEO and President of Groupe Immobilier Katia Samson. Several new safety and hygiene measures are currently being implemented, including a coronavirus statement declaring the person who wishes to visit a property has not been in contact with anyone affected by Covid, and that they themselves exhibit no symptoms. In addition, several guidelines provided [...]

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