Blog entries will be posted in the language in which they were written.
November 21st, 2021

Royal LePage Network

Posted by Joan McGuigan
With a company of more than 18,000 agents strong, one of the major benefits of belonging to Royal LePage is the ability to network.  Meeting with peers in-person, or connecting by phone, email and/or social media allows you to share ideas, make lasting friendships and connect for referrals.
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November 21st, 2021

Volume Strong with lower prices

Posted by Joan McGuigan

Volume remained strong but the raw average house price in Westmount actually dipped below $2 million in October, as 13 sales agreements were posted by local agents who reported an average price of $1,966,154, the first time the average price has been less than $2 million since April, 2020. The October sales averaged 28 percent higher than municipal valuation, the lowest average mark-up since May, but once adjustments are made for extreme sales, the average adjusted price appears to be holding its own. For a house with an evaluation of $1,936,000, the statistics tell us, owners might expect to get something over $2,600,000.

In October the highest price was only $3,700,000 while another summit-area house price was recorded late for September with a price tag of $5,125,000, thus making it the highest price for that month. The lowest October price was $1,270,000; significantly, only four of the 13 sales were priced over $2 million, but the average mark-up over valuation was 28.6 percent and none of the sales involved mark-downs from tax value.

The average listing spent 73 days on the market, and perhaps more important, the median length of time was only 36 days — a little more than a month — meaning this is still a “seller’s market.” Bidding wars were not uncommon and few asking prices had to be reduced before sales were negotiated.

Among condominiums, 6 more were sold in October with an average price of $1,061,667. The average has been over $1 million since early last year, and the “adjusted” value of Westmount condos has been over $1 million since the first quarter of 2019. Condo prices ranged from $500,000 to $1,450,000; the highest mark-up was 35.6 percent, but there were two marked-down properties, one at at 285 Clarke Ave. and the other at 200 Lansdowne Ave, the latter some 8.2 percent less than valuation.

As the holiday season approaches, listings (at least for houses) are starting to dwindle, down from 84 in mid-October to 81 a month later, though the number asking between $1 million and $2 million actually grew to 18 from 14. Another 11 houses are available for rent.
Andy Dodge

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November 21st, 2021

Westmount Sales 2016 to Oct 2021

Posted by Joan McGuigan

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August 23rd, 2021

How to Buy a House in 6 Steps

Posted by Tina Martin

Image via Pexels

Purchasing a house is a milestone for any individual or family. While it starts an exciting new chapter, however, the whole process can seem daunting. And in a time when homes are going for higher list prices than in the past, buying a house may feel especially overwhelming as well as pressing.

Though it’s challenging, however, you can close a deal on the right home for you and your family if you take the time to prepare and you make smart decisions along the way. McGuigan Pepin Realties has broken down the process into seven steps:

1. Evaluate Your Finances

Your credit score matters a lot to lenders. Unless you have an above-average score, you should be working day by day to improve it. Once you have a plan for boosting your credit, go over your household budget to determine how much house you can afford.

Obviously, your estimated home price will depend not only on your monthly income and expenses but also on your future plans. You don’t want to commit to a house that you will have trouble making payments on down the road.

2. Start Saving

Even if you can qualify for a government-backed loan that requires no down payment, it’s better to pay as much down as you possibly can. Doing so will help you secure a lower-interest home loan and have less to pay off in the long term.

Come up with a strategy that helps you set money aside for your down payment, and shoot for saving up 50% of your home’s purchase price. At the very least, you’ll want to plan for 20%.

3. Get a Real Estate Agent

Agencies like McGuigan Pepin Realties are indispensable when it comes to the home purchasing (or selling) process. The right agent can help you with virtually every step of the process, from choosing a home to negotiating with sellers. Research your area and get references you trust to find a top realtor near you.

4. Go Hunting

Now to the fun part—house hunting. A lot of factors go into determining which property is best for you and your family. Take time to consider everything from the layout to the exterior material to the backyard. Your priorities will ultimately dictate what kind of home you need, as well as the amount of money you can comfortably spend.

One way to score a great deal on a home is to purchase a property “as-is”. Essentially, this refers to buying a home in whatever condition it is, with the seller having no obligation to perform repairs. Oftentimes, an as-is home will be listed for a much lower price than other homes of the same style, size, etc. If you go this route, make sure you have the property thoroughly inspected, and consult a lawyer with experience in real estate.

5. Get Pre-Approved

You can take care of this step before or after the house-hunting process. If you do it before, you will be more prepared to land a purchase quickly before other buyers get their hands on the property. The most important thing is not to simply accept the first pre-approval you get. You want to make sure you are working with a reputable lender and that the terms you agree to will work in your favor.

6. Present (and Negotiate) Your Offer

You’re nearly there; now all you have to do is present your offer to the seller! As previously mentioned, a real estate agent can prove invaluable during this process because they know how to negotiate. The key is to avoid agreeing to a price you will have trouble with later on. At the end of the day, you want to get the best price possible on your dream home while also remaining fair to the people selling it.

Don’t let the fact that the home buying process can be overwhelming deter you from pursuing the home of your dreams. Take the time to prepare and make good decisions throughout the process. Along with following the tips listed here, keep researching to learn any other steps that are necessary for your specific situation. And remember to get a good realtor!

Are you looking for a top-notch realtor in the Montreal area? Contact McGuigan Pepin Realties today!

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June 22nd, 2020

ANDY DODGE MARKET REPORT APRIL 2020

Posted by Joan McGuigan

http://andydodgeassociates.com/?m=202004

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June 22nd, 2020

ANDY DODGE MAY 2020 MARKET REPORT

Posted by Joan McGuigan

http://andydodgeassociates.com/

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June 1st, 2020

Covid-19: What you should know

Posted by Joan McGuigan

Summer 2020 Covid-19: What you should know

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April 26th, 2020

COVID-19 CANADA EMERGENCY WAGE SUBSIDY click on link

Posted by Joan McGuigan

http://app.dialoginsight.com/T/OFSYS/SM2/744/2/S/F/6384/18311183/ozE7fJVE/746260.html

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January 11th, 2020

B U L L E T I N D ’ I N F O R M A T I O N D E S M C G U I G A N Immobiliers McGuigan Pepin Inc.

Posted by Joan McGuigan

L E  S A V I E Z – V O U S ?
B U L L E T I N  D ’ I N F O R M A T I O N  D E S
M C G U I G A N
Immobiliers McGuigan Pepin Inc.
Cet été, nous nous sommes joints à Royal Lepage – Groupe Mellor et
avons réduit la taille de nos bureaux afin de pouvoir faire ce que nous
aimons le plus: fournir à nos clients notre expertise et expérience.
Nos bureaux sont maintenant chez Royal Lepage HERITAGE
situé au 1245 Av. Greene à Westmount H3Z 2A4
Nous sommes des plus heureux de faire partie de la bannière no. 1 au Canada pour
tous les avantages que cela apporte à notre clientèle.
La mère de Joan, Mme Elizabeth Scott Taugher
était une des pionnières de l’immobilier dans les
années 50. Joan a suivi ses pas en 1970, Brian se
joignant à elle quelques années plus tard. Ensemble,
ils ont créé une équipe maintes fois récompensée
avec Royal Trust et Royal Lepage. Tim s’est joint à
l’équipe en 2000 après une carrière florissante dans
le milieu bancaire.
En 1994, prenant leur courage à deux mains, les
McGuigan Pepin ont ouvert leur propre agence
immobilière, à une époque où la grande majorité
des courtiers se tournaient vers les franchises.
Immobiliers McGuigan Pepin Inc. était parmi les
premières agences à avoir un site Internet:
McGuiganPepin.com, toujours actif à ce jour.
Pendant plusieurs années, le site
McGuiganPepin.com sortait en tête parmi les
recherches d’immobilier de luxe. Il va sans dire que
McGuigan Pepin nom était LA référence.
Fait à noter: les McGuigan Pepin ont été les
premiers à être associés à Who’s Who in Luxury
Real Estate.
Au sommet de leur croissance, ils avaient 6
courtiers travaillant avec eux, ainsi qu’une
excellente équipe administrative. En 2009, ils ont
ouvert un bureau ayant pignon sur rue sur Ste-
Catherine. Et en 2012, ils ont ouvert la première
franchise de Century 21 à Westmount, époque
pendant laquelle ils ont reçu beaucoup de prix.
C’est en 2019 que McGuigan Pepin se joint à
Royal Lepage Heritage (une des 3 agences du
Groupe Mellor), sur la prestigieuse avenue
Greene, afin de poursuivre leur travail. Et ce
travail, c’est d’aider leurs clients ainsi que leur
famille à prendre les meilleures décisions.
Le bon courtier fait toute la différence, après tout!

JOYEUSES FÊTES ET AU PLAISIR DE VOUS VOIR EN 2020!
NOUS CÉLÉBRONS NOS 25 ANS EN TANT QUE MCGUIGAN PEPIN INC.

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January 11th, 2020

M C G U I G A N N E W S L E T T E R

Posted by Joan McGuigan

Downsizing our office this summer and forming an alliance with Royal
LePage – Mellor Group to be able to spend more time doing what we
do best, giving our customers the best advice from our vast experience
and knowledge.
Our office address: Royal LePage HERITAGE
1245 Greene Ave, Westmount Qc, H3Z 2A4

We wholeheartedly welcome the opportunity to work alongside Canada’s #1 real
estate banner and bring the added benefits to our clientele.

Joan’s mother, Elizabeth Scott Taugher, was
amongst the first women pioneers in real estate in
the 1950’s. Joan followed her in 1970 and Brian
joined a couple of years later and created a
formidable award-winning team with Royal Trust
and Royal LePage. Tim joined in 2000 after a
successful business career.
In 1994, Joan and Brian took their courage and
started their own real estate company working from
their home in Westmount. At the time everyone
else was being wooed by the new franchises.
McGuigan Pepin Realties inc. had the first web
presence in Westmount long before any other
major real estate brokers. The website
www.McGuiganPepin.com was on the first page of
real estate search engines for luxury real estate for
many years. Needless too say, it became a go-name
in the real estate working from their Westmount
home office.

Joan’s mother, Elizabeth Scott Taugher, was
amongst the first women pioneers in real estate in
the 1950’s. Joan followed her in 1970 and Brian
joined a couple of years later and created a
formidable award-winning team with Royal Trust
and Royal LePage. Tim joined in 2000 after a
successful business career.
In 1994, Joan and Brian took their courage and
started their own real estate company working from
their home in Westmount. At the time everyone
else was being wooed by the new franchises.
McGuigan Pepin Realties inc. had the first web
presence in Westmount long before any other
major real estate brokers. The website
www.McGuiganPepin.com was on the first page of
real estate search engines for luxury real estate for
many years. Needless too say, it became a go-name
in the real estate working from their Westmount
home office.

HAPPY HOLIDAYS AND SEE YOU IN 2020!
A YEAR THAT WILL MARK OUR 25TH ANNIVERSARY OF MCGUIGAN PEPIN INC.

Provided by McGuigan Pepin Realties Inc. Read the rest of this entry »

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