Latest Manitoulin Real Estate Updates

New property listed in Spring Bay
New Listings

New property listed in Spring Bay

I have listed a new property at 458 White Church Rd in Spring Bay. See details here Have your own piece of quiet country living! Yet ...

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New property listed in Assiginack
New Listings

New property listed in Assiginack

I have listed a new property at 89 Leason Bay Trail in Assiginack. See details here Welcome to your private waterfront escape! This ...

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New property listed in Gore Bay, Manitoulin Island
New Listings

New property listed in Gore Bay, Manitoulin Island

I have listed a new property at 5 Hall in Gore Bay, Manitoulin Island. See details here Welcome to 5 Hall St. Gore Bay. Here is a great ...

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New property listed in Silver Water, Manitoulin Island
New Listings

New property listed in Silver Water, Manitoulin Island

I have listed a new property at 79 Sheshegwaning Rd. in Silver Water, Manitoulin Island. See details here Well-established 99-acre ...

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New property listed in Little Current
New Listings

New property listed in Little Current

I have listed a new property at Pt Lot 30 Con 3 in Little Current. See details here 5.4 Acre lot in the heart of rural area with right ...

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New property listed in Tehkummah
New Listings

New property listed in Tehkummah

I have listed a new property at 150 Pennie Avenue in Tehkummah. See details here Immerse yourself in the beauty of Manitoulin's south ...

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How we support our TEAM

As a brokerage, we want the best for our agents and our clients. We strive to build trust and influence motivation through our support.

When choosing a real estate agent to list your home on the market it's really important to choose someone who has the resources and a team behind them to guarantee your property looks the best it can, gets the most exposure possible and brings real buyer leads.

Our team is here to help you through it ALL and we have the tools to make sure you succeed!

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March 30th Newspaper Crossword Answers

Were you correct in guessing the Manitoulin lakes?! Check below! 


Across 

3. A lake with a dirty name - Mud Lake

4. A lake named after this west end town with a famous waterfall - Lake Kagawong

5. A lake named after a similar pair - Twin Lake

7. A lake named after a famous Canadian tree that produces delicious syrup - Maple Lake

9. A lake in which you take a stunning causeway over to get into Evansville - Lake Wolsey

13. A lake whose name suggests it has no name - Nameless Lake

14. A lake with a 'rocking' name - Stone's Lake


Down

1. A lake named after a popular fish and candy - Sucker Lake

2. A lake with the name the opposite of small - Big Lake

3. A lake named after this centrally located town - Lake Mindemoya

6. A lake which shares the name of a fish, a town and a colour - Whitefish Lake

10. The largest inland lakes on Manitoulin - Lake Manitou

11. A lake which is known to be the first Manitoulin lake to freeze in the winter and the first to de-ice in the spring - Ice Lake

12. A lake named after a popular fish, found in Sheguiandah - Bass Lake


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February 16th Newspaper Crossword Answers

A determining factor of the rises and drops in market price: Supply 
An economic principle referring to a consumer’s desire and willingness to purchase a specific good or service at a specific price: Demand 
A right, privilege or interest limited to a specific use or control purpose which one party has in the land of another party and which run with the land and are not a personal right of an individual: Easement 
The final state in a real estate transaction where ownership of real property is transferred from the seller to the buyer: Closing
When one person proposes a contract to another; if the other person accepts the offer, a binding contract is formed: Offer

In contracts a future and uncertain event that must happen to create an obligation or which extinguishes an existing obligation: Conditions
A definite place of business where real estate activities can take place: Brokerage
A Realtor’s favourite for letter word: Sold 
A private viewing of a property: Showing 
Can be: redecorating, rearranging furniture, cleaning and other aesthetic strategies to present the home in the best possible light: Staging 
A way to pay off debt in equal instalments that include varying amounts of interest and principal payments over the life of the loan: Amortization 
Who is the governing body for real estate in Ontario: RECO
A contract between a seller and an agent/brokerage to provide the service of selling real property: Listing 
Another word for a real estate salesperson: Realtor
A real estate agent who continues their education and obtains a higher designation: Broker

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 1. Faulty Pricing 

With the help of your realtor, you can determine the asking price of your home based on its market value. Some home-sellers have a pre-set price in mind based on a few things: what they paid for the house, money they’ve invested into the home, emotions or other needs. Let’s talk about what pricing incorrectly does. 


To buyers, a higher price means higher expectations. If you list your price relatively higher compared to similar-styled homes in the neighbourhood, buyers will most often opt for purchasing a larger home at the same price if they do not see where the value lies in yours.


Overpricing your home can lead to it being on the market for longer, which will bring up a red flag for buyers. A common thing we hear in real estate is, “If no one else has bought it, there must be something wrong with it.”


Bottom line: pricing is important. Too low can result in selling for much less than it’s worth, too high can also result in selling for much less than it’s worth. Our realtors are excited to work with you and price your home correctly. 


2. Showcase Your Home Properly 


Buyers want to imagine themselves living in the homes they’re seeing. When doing a viewing, they do not want to imagine the amount of plastering, repainting, or fixing they will have to do if they choose to buy. 


A few improvements done to your home before placing it on the market can increase the chances of selling quickly, and for more money. Ignoring these places will affect the buyer’s offer, as they will most likely factor in the cost of repairs in their offer, oftentimes assuming it will cost more than it actually would. 


In addition to fixing the cosmetic pieces, ensure your home is clean and welcoming, and the yard is well-groomed. 


Pro Tip: Takedown personal photographs to allow the buyers to imagine themselves living there. 


3. Choosing The Wrong Realtor 


Choosing the realtor who tells you the highest asking price isn’t always the best strategy. Some good questions in mind when interviewing agents are: 


Can this agent explain to you all aspects of the selling process? 

Does she/he have a good grasp of the market? 

Does she/he have access to a large pool of buyers and a marketing plan to attract them?

Are they familiar with the area? 

Can they help mitigate risks? 


Yes, selling price is important but there are other home-selling goals that should also be considered while choosing who to work with. 


4. Avoid “Hard Selling” During Showings


Selling a home is an emotional and stressful decision, buying is no different. Allow your home to speak for itself when potential buyers are walking through it. No need to point out every improvement you’ve made or pressuring for a sale. 


Good realtors let buyers discover the home for themselves, only pointing out features they’re sure will be of interest and being receptive to any questions the buyers might have.


5. Lookers Vs. Buyers


Although we’d like every person who is going through our home to be a potential buyer, it’s simply impossible to ensure that that’s the case. 


That’s where your realtor comes in. An experienced realtor is trained to separate the two. Realtors should usually establish a potential buyer’s savings, credit rating, and purchasing power. If your realtor hasn’t looked into a buyer’s financial background, you should take the time to investigate. This will save you valuable time in marketing toward the wrong people.


6. Limiting the Marketing and Advertising of the Property


A good realtor and brokerage use multiple forms of marketing to get your property seen by potential buyers. When you hire a realtor, they should commit to selling your property, making the effort to distinguish your home from the hundreds of other homes on the market and finding unique avenues of potential buyers.


7. Being Unaware of Your Rights and Responsibilities


Find yourself a realtor that will help you understand your rights and responsibilities. Here at J. James Bousquet Realty Inc., Brokerage, we like to think of ourselves as guides during the buying and selling process. Real estate contracts are often complex, therefore it’s essential the realtor you’re working with takes the time to make sure you understand exactly what you’re signing. Contracts are legally binding, without having an experienced realtor or lawyer - who has your best interest in mind - help review could cost you thousands in repairs and inspections. 

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The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.