Warren Shouldice

Cell: 403-461-8103 |

Real Estate often enjoys a “second season” in many markets during the late summer and early fall, when there is often renewed interest in certain communities and specific types of properties. This trend is brought about by families shifting their focus for the balance of the year, as they evaluate their family and job needs and real estate prospects for the fall and winter.

Maybe you know someone who wants to relocate elsewhere, or you might even be curious to know if your property is the type that would be appreciated by those looking to move into your neighborhood. Either way, there’s plenty of reason to call during this “second season”. If you think you’d like to participate in something new, or just understand the value of your current property, please give me a call!


Quick Stats

 

  Aug. 15 Aug. 14 Y/Y % change
Single Family      
Total sales 1000 1278 -21.75%
Average DOM 33 days 37 days 10.56%
Benchmark price* $516,000 $516,000 0.00%
       
Attached      
Total sales 364 516 -29.46%
Average DOM 44 days 34 days 27.73%
Benchmark price* $356,700 $355,000 0.48%
       
Condo      
Total sales 279 456 -38.83%
Average DOM 47 days 40 days 16.24%
Benchmark price* $298,400 $294,100 -1.44%


-Benchmark price: The monthly price of the typical home based on it's attributes, providing the best measure of price trends.



How Much Is Your Home Worth?
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Your home has both a personal value and a market value.

When you think of your home as a place where a family is raised and memories are built, then it’s like those popular MasterCard commercials on television: Your home’s value is “priceless”.

But when it comes to how much your home is worth to potential buyers, then things get much less sentimental. It’s the “market value” of your property that determines how much it will sell for, not your personal feelings.

Market value is simply the price that similar properties in similar neighbourhoods are currently selling for. If you were to list your home on the market today, you could expect to get somewhere close to that figure.

Even if you’re not planning to sell your home in the near future, it makes sense to get an update on its fair market value. Your home is an investment – and you should know how much that investment is worth.

There may also be circumstances where you might have to move quickly. Knowing the market value of your home will help you make quick – and better – decisions.

How do you determine the market value of your property? Call today.

 

Selling Your Home And Buying Another – Quickly
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What if something unexpected happened – a relocation, perhaps – and you needed to sell your current property quickly and find another home? What would you need to do to make that happen, especially when you don’t have a minute to spare? Focus on the following three steps:

1. Prepare your property for sale
If you’re selling your home, you want to make it as attractive to potential buyers as possible. Depending on your property, this may involve getting minor repairs done, doing some light renovations (such as painting the foyer), eliminating as much clutter as possible, and making sure your home is clean and neat.

2. Get a pre-approved mortgage
A pre-approved mortgage is simply a certificate from your bank or lender that states how much money you qualify to receive. Getting a pre-approved mortgage is a good idea for two reasons: It gives you confidence when shopping for a new home, because you’ll know exactly how much home you can afford. And, it gives the seller confidence that you’ll be able to secure a mortgage for the purchase price you’ve offered.

3. Find the right REALTOR® 
The right REALTOR® can make the entire process of selling your current property and buying your next home quick and easy. He or she can help you determine the right listing price and show your home to prospective buyers. At the same time, your REALTOR® can show you properties that fit your budget and other criteria. So there’s no need to panic. If you have to sell your home and buy another one quickly, focus on these three steps to help ensure everything works out fine.

 

Surviving A Home Remodelling Or Renovation
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You’ve picked a great contractor, decorator or remodeller. The crew is coming in on Monday to do the work. You can hardly wait to see the remodelled kitchen, new hardwood floors, or freshly painted living room.

But there’s one thing that can put a damper on all your enthusiasm. The work itself.

Dust. Loud noise. Renovation debris. Work people tracking dirt in and out of your home. It can all add up to a not-so-great feeling about the renovation or remodelling.

That’s why it’s important to have a discussion with your contractor, decorator or remodeller before the work begins so you understand how the work will actually be done, and so you can set some ground rules.

Here are some key questions to ask: What are the names of the people on the work team? What are their hours? Who will be in charge of the work team when you are not on site? What steps do you take to reduce dust and dirt in the home during the project? Is the job area cleaned up at the end of each day? What is your policy regarding smoking and eating on site by your work team?

Getting answers to these questions upfront will help avoid unpleasant surprises.


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Data supplied by CREB®’s MLS® System. CREB® is the owner of the copyright in its MLS® System. The Listing data is deemed reliable but is not guaranteed accurate by CREB®.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.