My Agent Mike

Hi! I'm Mike Rapkoski.

Sales Representative, Keller Williams Referred Urban Realty Inc., Brokerage

I have spent the past 18 years assisting clients build their wealth through making wise choices with their real estate buying and selling. I am passionate, dedicated and committed to providing world class service to my real estate clients.

24 December 2010 ~ 0 Comments

Home Inspectors Update Qualification Requirements

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I recently came across the article below and all I can say is…it’s about time! This is so long overdue I’m surprised it hadn’t already happened five years ago.

Read and let me know your thoughts? I will post a blog on my thoughts as well.

Reprinted from www.propertywire.ca

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14 December 2010 ~ 0 Comments

How’s the Market?

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A lot of times I get asked the simple question “hey Mike how’s the market doing”?

To which often I reply…”well that depends.  Are you asking about buying, selling, leasing or an investment property”? Not such a simple reply on my part but a reasonable question to ask none the less.

You see the real estate market can be divided up in to “sub markets” and ofter these markets work in contrast to one another. For example. If you are in the market for investment real estate November/December may have some sellers looking to sell by year end to offset any capital gains against capital losses incurred elsewhere, or vice versa.  Or you may have sellers looking to sell with a January closing to extend any capital gains payable until the following tax year.

Now compare this to a buyer looking to purchase a house or condo and absolutely want to take possession before Christmas and the holiday season. Not only to they want to buy in the October/November/December they would like to close it before Christmas.

You see, two different markets. I have many times over the years represented clients in both situations and getting good advice about “how’s the market” can save you tons of money. In our current environment of indebtedness the correct advice is priceless.

05 December 2010 ~ 0 Comments

Why a buyer’s real estate agent matters even more

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By Mark Weisleder

When you use an agent to sell your home, you may agree on a commission as high as 5 per cent with the proceeds split two ways. One half goes to the agent who works for you and the other half is paid to the agent who finds the buyer and helps negotiate the deal.

Now that the federal government has brought more competition to buying and selling a home, there are more ways for you to sell a home by yourself. That means the role of the real estate agent acting for the buyer will become even more important to you and the buyer.

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24 November 2010 ~ 0 Comments

Let the Buyer Beware! Yikes!

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You know that often used Latin term muttered when things go wrong as you hear of someone who is stuck with some bad real estate…caveat emptor (let the buyer beware). Well today I had to shake my head as I was out looking at potential properties for a client.

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18 November 2010 ~ 0 Comments

Boulevard and Front Yard Parking Informatiom

With front yard parking (boulevard parking in some areas) being a major headache for home buyers throughout many neighbourhoods, the city of Toronto is trying to make access to getting information on what is legal (or not) more easily accesible.

Many times I encounter sellers during a listing presentation (audtioning to be their choosen agent to represent them during the sale) who will tell me that their property has one (two, three) parking spaces. When I ask them if they are legal spots (most front yard parking spots need a city permit license) I typically get a “i’m not sure, but we’ve never had a problem”.

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16 November 2010 ~ 0 Comments

Building wealth through real estate investing

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I recently took ownership of a loft I purchased as new construction in March 2007 and it got me thinking about my property investment portfolio and also the dozens of clients whom I have helped purchase similar investments over the years.

Although the bulk of my time is spent assisting buyers and sellers with their residential principal residence needs I have personally been buying investment real estate for myself and clients for the past twelve years. Mainly I have focused on duplexes, triplexes, condos or lofts and the odd small commercial building.

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15 November 2010 ~ 0 Comments

Time to re-think the way we build cities

Comments from me: This article was originally posted in the Globe and Mail December 3rd, 2009. I saved the article and was reading it yesterday and thought it brings up some interesting points to discuss. What are your thoughts?

It may be time to ask a key question: Are Canadian cities marching in the right direction? Many very smart people say no.

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13 November 2010 ~ 0 Comments

Affordability a key issue for this panel of experts

Stephen Dupuis – Toronto Sun

In an interactive webinar earlier this week, RealNet Canada Inc., BILD’s official, independent source of new home market intelligence, provided an in-depth analysis of the housing market’s performance in the third quarter of 2010.

I was on the panel as one of the speakers, and I was in very good company with RealNet president, George Carras, Toronto Real Estate Board senior manager of market analysis, Jason Mercer and N. Barry Lyon Consultants Ltd. president Barry Lyon.

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09 November 2010 ~ 0 Comments

Susan Powers says "Stop the Insanity"!!

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The spotlight continues to shine bright on the real estate industry and the focus of many newspapers, magazines and news programs have mainly been one sided with the almost exclusive position being spoken about is what will the affect be with the new changes for a) consumers; b) what the future holds for real estate agents and brokerage companies.

I get why the media is almost entirely choosing to cover one angle of this story and that’s because it sells papers, advertising and viewership. That’s the name of the modern media game where it’s dog-eat-dog (much like my industry) and fueling the hype is what puts the food on the table. No matter that the message being spread (not reported I add) is often flawed, or worse, entirely one sided and self serving but come on media people, wake up and get a conscience! Go out and find a few respectable, professional hard working Realtors and ask them their thoughts. Not just the discount brokers who at best maybe represent 1% of the 100,000 real estate sales people across Canada that are now having to deal with these new rules and the constant one sided reporting you have slanted reports have created.

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04 November 2010 ~ 0 Comments

Follow up and opinion to Remax condo article

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It seems over the past few years any bit of positive real estate information to be published from any of the big real estate brokerages is met with some surefire opposing opinion critique (mostly opinion) by main stream journalists and publications.

And it almost always reeks of the same rhetoric. Reports published like the recent condo market findings by Re/Max Ontario/Atlantic is most obviously biased and self serving (Toronto Life online John Michael McGrath November 2nd) because that’s what all us “real estate” sales people, brokers or companies do. Pass along only one sided (read self serving) information to paint a picture that will allow real estate agents like me to go out and sell more houses.

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