3 Biggest Challenges Facing CAF Members on their HHT’s
Our team has specialized in helping military families buy & sell their Ottawa homes for over 15 years. It has always been the most enjoyable part of what we do. The current market conditions in Ottawa have created some real challenges for our military clients relocating the capital. It is a seller’s market and the absorption rate is at an all-time high. Here are the 3 biggest challenges facing our HHT clients in Ottawa:
1: Available properties to buy
In many neighbourhoods within the city there is not much inventory available. It is even more prevalent in the areas our military clients like to purchase. Kanata, Stittsville, and Nepean are all grappling with a shortage of available listings. These are historically low levels. The graph below illustrates this well. When supply is down and demand is strong it puts upward pressure on prices. It also tends to make house-hunting trips a bit more stressful!
2: Speed of Sales
Homes in Ottawa are selling at record speed. Before you arrive on your HHT the properties you may hope to see are sometimes sold. It is challenging when we have a full list of houses to look at, only to discover that many have been put under contract. It also means that when you are on the ground here the houses can sell quickly. Decisions on properties need to be made quicker than usual.
3: Multiple Offer Dates
This was the biggest hurdle for my military clients in 2019. Many sellers in Ottawa are not entertaining offers until a certain date and time. For instance, a house may come for sale on a Wednesday. Showings will begin but there will be no offers until the following Monday. Then on offer day, you may be competing against 3-5 other buyers for the house. I don’t have to explain the logistical concerns involved for clients coming in for a few days on their house-hunting trip. It is something that we had to overcome in 2019 for sure. All our HHT’s were successful last year.
Ok, so I have given you a few of the challenges that one might face. It is also important to know the solutions. Here are some of the solutions to tackle this challenging house hunting trip environment:
How to have a successful Ottawa HHT in a tough market
First let me say that 2019 was the most challenging posting season ever in Ottawa. In these extreme market conditions, we managed to secure over a dozen houses for our clients and nobody left empty-handed or even settling for a house. I think a reality show on my client’s HHT experiences this year would win an Emmy for best reality show!! We had some adventures for sure and it wasn’t always easy but we got the job done. Here are a few keys to success in this market:
Adaptability to Conditions:
We need to act fast in this market. Whether it is reorganizing a day of showings to get into a new listing first or having an offer prepared and ready the instant our clients need it. We had one client purchase only 3 hours after they landed because that is when the offers were being presented. Clients need to be adaptable too. In that particular case, our clients beat out 5 other offers and secured the house. They love the house and neighbourhood to this day! Trust was important for them. They needed to trust us that the house was a good value and a good fit. They got a perfect house because they were adaptable to the conditions and our team was prepared to act fast with them.
Exclusive off-market opportunities:
We plan our whole year around the HHT season. We are determined to find off-market properties for our incoming military families. Here is an example of a letter we sent out to over 20,000 households.
We do targeted Facebook ads and postcards for Kanata and Stittsville. Both areas have been very popular for our military clients. Each year we have many clients who buy our off-market opportunities. In many cases, they are outgoing military clients who love selling to incoming CAF members. It works out great! Our team is proactive in creating the best experience possible.
Experience:
Simply put, there is no team better equipped to handle house-hunting trips. We work together on our HHT’s and are extremely organized to make sure every detail is taken care of. There is no team that knows BGRS policies or can get quick information on them faster than us.
Adaptability to market:
Every HHT is different and requires the ability to adapt to different situations. Let me give you a quick example of this: In 2019 posting season Andrew and Liv were about to put an offer on a house they didn’t really love in multiple bids. On the morning of the offer date, we are getting a pre-inspection done to give us the best chance. We are sitting there and this perfect house comes to the market (send to us via email). We booked the appointment for the inspection. We raced to the house and we were in there 30 mins after it hit the market. The clients loved it!! I knew the other agent really well and we had an offer in the seller’s hand within an hour (we have Steph in the office coordinating things). It was accepted an hour later (we had a tight timeline). Interestingly, another offer came in just after ours was already accepted. We dodged a bullet for sure. The moral of this story is that we do what it takes to get our clients the best house possible. If it means switching gears completely then that is what we will do. Andrew/Liv got their dream house! We need to adapt to the market conditions that are presented to us.
Communication before you arrive in the city is also very important. If you want to connect with our team and talk about your real estate needs or have any general questions please feel free to reach out.
I recently had some clients in from Edmonton on their HHT. They thought they found the perfect house for their family. Unfortunately for them, the inspector discovered some serious issues and our clients walked away from the deal. We were fortunate to have the expertise and guidance of an industry leader. This is the kind of support we make sure our clients have when they come to Ottawa for their HHT. Our preferred inspector is on the approved list and uses an infrared camera inspection as part of his package. He is the best in the business.
Many Ottawa military house hunting trips are during the busy spring market. This is the time where inspectors are also hard to book, especially on short notice. As an extra service to our clients, we have our home inspector tentatively book us a time. We are one of the few teams he does this for because we work with him so often.
Other inspectors that we use on HHTs when needed:
Water Inspectors
Our guy will test the volume of the well, the water treatment equipment, and of course have the water tested.
Septic Inspectors
We want to test the system to make sure it is in working order. It is one of the most expensive home components so we want to make sure there are no unexpected costs coming up.
Pool Inspectors
If you have a pool it is a good idea to have this inspected prior to purchasing. We have a company that specializes in this.
Whatever your needs are on your Ottawa house hunting trip, our team has you covered! Call or text us anytime if you have any questions 613-863-6999.
Relocating to Ottawa? Fill out our HHT Buyer Criteria Form to start your Ottawa home search today.
There is no sugarcoating that if you are posted to Ottawa this year, your HHT may be challenging. Our inventory is down 20% over last year and 40% over 2017 numbers. It is bordering a housing crisis, considering the insatiable demand. Prices are still affordable but buyers are competing and putting upward pressure on prices. I really believe this could be the last year or two of prices that fall within the affordability index with average income levels of the city.
As you may know, we work with dozens of military buyers who get transferred into and out of Ottawa each year. I have been proactive in building up a database of off-market listings. This weekend we have 2 properties that we are showing to a couple on their HHT that are exclusive listings. They will be contenders for them. As an example of our proactiveness, we have sent this letter to 10,000 households in the West end of Ottawa:
Our team is serious about making your house hunting trip in Ottawa successful. Please get in touch to discuss how we can be of service to you.
House hunting trips can be challenging for buyers who are not familiar with Ottawa. We really only have a few days to explore its neighbourhoods and secure a house. In the east end of Ottawa, many of my military clients are comparing the markets of Orleans and Rockland. Here is a brief summary of the two locations:
Rockland: This is a rapidly growing neighbourhood that is outside the city of Ottawa boundaries. It is situated about 40 km to downtown Ottawa. Housing prices are much more appealing to families looking to stretch their dollar. You drive further but get more. In many cases, you can get a detached home for the same price as a newer townhouse in Orleans. For many this is enough to take on a longer commute each day. It is, however, important to note that resale can be a bit more challenging in Rockland. Houses tend to stay on the market longer.
Orleans: This is an Ottawa East suburb with a population of over 100,000 people about 16kms to downtown Ottawa. Always, a very popular location with lots of amenities, schools, and good transit connections to downtown. The future LRT line will make access even easier in the years to come. Resale is much easier when compared with Rockland but prices can be 100k more than Rockland for the same detached 2 storey/double garage house.
In a recent house hunting trip, my clients who were up from Washington ended up looking in both Orleans and Rockland. He was posted to Letrium and felt like Rockland would be the better choice because of its value proposition. They ended up securing their dream house there for $425k. That house would have been 550k plus in Orleans. It really is that big of a price difference depending on the style of housing.
If you are debating between these two locations on your relocation to Ottawa please feel free to get in touch. I would be happy to send you options in both locations.
Ottawa is increasingly becoming a city with a clear price differential between some of the East end suburbs when compared to the west. Nothing could have illustrated this more than a recent house hunting trip. My clients were looking in both Barrhaven and Orleans with a budget of under 500k. They had Barrhaven as their ideal location but were open to looking at other areas. After looking at 15-20 properties together It was clear that one could get more house/square footage in Orleans for the same price as something in Barrhaven. The bigger question for my clients was is the price difference enough change their mind on Orleans?
Price of a detached 2 storey home with a one car garage:
Orleans: $427,000 (YTD sales Jun 4/18)
Barrhaven $454,750 (YTD sales Jun 4/18)
In the end, my clients went with their preferred location. They (as do I) see the future of Ottawa being more West-centric. Especially for the military with its new DND location and the upcoming construction of the operational headquarters. My clients decided to pay a premium to be in the location they wanted. As a military Realtor, it is always good to look at future resale as well. I think because of the shift in DND jobs to west-end it will be a bit easier to resell in the future.
Orleans also has some great future prospects as well. Amazon just announced a new 1M square foot distribution centre and the LRT will extend out East in its next phase. The nice thing about buying in Ottawa is that no matter what location you choose, you cant go wrong! Our real estate market is one of the worlds most stable.
If you are in need of a military Realtor that knows Ottawa well and has experience with HHT’s please feel free to get in touch. This is what we specialize in.
We are always doing everything we can for our military clients. This year in Ottawa the real estate market is tight. We are putting together a list of off market homes this year for our military clients to look at. Many of these will be focused in the areas of Kanata and Stittsville. This is where many of our clients are looking on their house hunting trips. See video for more details.
