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Archive for June, 2015

June 24, 2015

difference between geowarehouse and vimoThe marriage of GeoWarehouse to ViMO is proving to be one of the most powerful toolsets available to real estate sales professionals. To have ViMO, you must be a GeoWarehouse subscriber. This has led to some confusion, and a number of people are still not fully aware of the ViMO app nor the many benefits it offers. Some believe that ViMO is GeoWarehouse’s mobile app and that it serves the same purpose – it doesn’t!

This blog will help separate fact from fiction.

GeoWarehouse is a tool that real estate sales professionals primarily use to perform due diligence and investigate details about properties and neighbourhoods. Through GeoWarehouse you can even reveal encumbrances and liens on properties; electronically request surveys and condo certificates and much, much more. GeoWarehouse is the Ferrari of real estate research and due diligence!

While ViMO, on the other hand, is a tool that can be used to perform research about a property,  a neighbourhood or demographics, it is primarily a marketing tool. A real estate sales professional can use ViMO to post listings as well as market them; collaborate with other professionals and even use it to electronically sign documents.

ViMO is a tool that comes in very handy when working remotely and out of the office. Imagine increased ease transacting while on the road with clients or working open houses. ViMO makes the buying and selling process way more efficient and with far less paper. That said, full service client representation involves more than just the buying and selling of properties. This is where diligent real estate sales professionals turn to GeoWarehouse: to validate legal ownership of a property, check registered mortgages to ensure the existence of sufficient equity, or to review a property’s history to ensure that everything is copasetic.

As a real estate sales professional your sales related duties are important. Yet of even greater significance, is your role as the first line of defense against mortgage fraud and as the first professional – in a string of professionals – to deal with the administration of legal documents that facilitate a property transfer.

While you can use both GeoWarehouse and ViMO to perform some of the same basic functions, these two tools are optimized when you combine them.  Not only will you achieve more while on-the-go, you can also help make the entire buying and selling process more efficient.

If you are a GeoWarehouse customer interested in more information about ViMO you can view the full demo here https://www.youtube.com/watch?v=mxkxwZbUmNs.

Not a GeoWarehouse customer? Find out why you should be and reach out to our sales team today! Please call 1-866-237-5937.

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BOC rate increaseFluctuating economy conditions create a well-known international financial domino effect. When market conditions show negative response to fluctuations, one of the adverse effects the economy bears is a tightening of credit conditions. From there, a financial domino effect can create a larger economic instability, which, in turn, can have dramatic impact on housing markets.

Let’s look at a recent chain of events that began overseas and ended up impacting the housing market within Canada:

  • Earlier this year gas prices dropped to lows not seen in years, to well under a dollar. This resulted in our own dollar sinking.
  • This drop then resulted in the BOC deciding to take measures to protect the economy by lowering interest rates.
  • In January 2015, the BOC reduced the country’s lending rate by .25.

This only fueled an existing rate-war between mortgage lenders.

Think about how this chain of events has impacted your overall business these last few months. Did you witness an increase in business as a result?

Now that gas prices have inched their way back up, what’s next for the Canadian economy – specifically housing and other domestic economic contributors? Some believe that increased gas prices spell a rise in the value of the Canadian dollar, which would then prompt the BOC to feel confident enough to increase interest rates.

However, this line of thinking is based on the assumption that the only factor impacting the BOC’s monetary policy is the price of oil. This isn’t the case. So how CAN we predict what will happen next?

If you are a real estate sales professional who pays close attention to the economy, we’re interested in your predictions for Canadian interest rate activity through 2015. As many believe that recovery from the 2008 recession remains one of this past century’s most difficult, how much more complicated would that make any further economic instability?

We’d love to hear from you on this! Please post your feedback and ideas on our Facebook page , Twitter @GeoWarehouse or in our LinkedIn Group

Regardless of how interest rates may fluctuate, GeoWarehouse remains a steadfast tool for your real estate due diligence.  Remember, GeoWarehouse is the premier, online due diligence tool for viewing property ownership history, comparable sales, value, home ownership, and registered mortgages, as well as obtaining condo certificates, surveys, Parcel Registers*, MPAC assessment reports and more. Call us today at 1-866-237-5937.

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Social media is not just a fad – this is undeniable – and real estate professionals across Canada are taking advantage – are you? Check out these great infographics if you need a refresher on just how and why social media is so crucial for your overall marketing strategy!

Twitter – with over 270 million active users, this platform should not be ignored:

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Facebook – With the most active users of any social network in the world, this platform offers the most potential for your business:

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Make yourself more marketable and keep in touch with clients all in one place – contact ViMO today at www.myvimo.ca.

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real estate toolWith the real estate industry so hot, that means competition is high, and any tools you can access to help you compete are worth their weight in gold. GeoWarehouse is one such tool – and real estate sales professionals are raving about what this great tool can do.

Wondering what all the fuss is about? Check out this quick video to see just a few of the things GeoWarehouse can do to make your job easier:

Already decided to take advantage, but just waiting to get your feet wet? Check out this great “Getting Started” video. It gives you step by step instructions to help you set yourself up:

Want to know more about this great real estate tool, or find out how you can start reaping the benefits? Call GeoWarehouse today at 1-866-237-5937 to learn more!

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