Warren Shouldice

Cell: 403-461-8103 |

I have listed a new property at 91 West Springs LN SW in Calgary.
Modern and bright two bedroom townhouse located in West Springs. Kitchen features granite countertops, Whirlpool stainless steel appliances and a large pantry. Off the kitchen, is a balcony with gas hook up. Back inside, the kitchen opens to a large living/dining area. The living room features a gas fireplace and built in media centre. Upstairs are two bedrooms, two additional bathrooms and a laundry room. The master bedroom has a custom closet, an ensuite bathroom and is large enough for a king bed. A second bedroom and bathroom complete the upstairs. This is one of the best units in the complex featuring a double attached garage and facing 1/4 acre of landscaped green space. Unit is in excellent condition with freshly cleaned carpets. The furnace was cleaned in Jan. and paint was recently touched up. Fantastic property in a great community with quick access to the mountains, shopping, transit and the city centre. All you have to do is move in and enjoy!
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Please visit my Open House at 91 West Springs LN SW in Calgary.
OPEN HOUSE: Saturday and Sunday 11am-1pm.
Modern and bright two bedroom townhouse located in West Springs. Kitchen features granite countertops, Whirlpool stainless steel appliances and a large pantry. Off the kitchen, is a balcony with gas hook up. Back inside, the kitchen opens to a large living/dining area. The living room features a gas fireplace and built in media centre. Upstairs are two bedrooms, two additional bathrooms and a laundry room. The master bedroom has a custom closet, an ensuite bathroom and is large enough for a king bed. A second bedroom and bathroom complete the upstairs. This is one of the best units in the complex featuring a double attached garage and facing 1/4 acre of landscaped green space. Unit is in excellent condition with freshly cleaned carpets. The furnace was cleaned in Jan. and paint was recently touched up. Fantastic property in a great community with quick access to the mountains, shopping, transit and the city centre. All you have to do is move in and enjoy!
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I have listed a new property at 1402 530 12 AV SW in Calgary.
Amazing 2 bed, 2 bath NW corner unit up on the 14th floor of the upscale Castello building. The floor-to-ceiling windows offer SPECTACULAR views of both the mountains and downtown! Inside, a spacious entryway leads to the open living/kitchen/dining area. The kitchen has quartz counters, stainless steel appliances, ample cabinet space, and a pantry. The large living area takes advantage of the incredible views. Off the living area is a huge 250sq.ft. wrap around balcony! The master suite overlooks the west side and features an ensuite bathroom with glass surround shower, double vanity and walk-in closet. The unit comes with TWO titled underground parking stalls (side by side) and a titled storage locker. Building amenities include a fitness facility, car wash, guest suite, and visitor parking. Located in the heart of the city's vibrant Beltline, this premium unit is close to all the amenities downtown Calgary has to offer.
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Please visit my Open House at 1402 530 12 AV SW in Calgary.
OPEN HOUSE: Saturday and Sunday 2-4pm.
Amazing 2 bed, 2 bath NW corner unit up on the 14th floor of the upscale Castello building. The floor-to-ceiling windows offer SPECTACULAR views of both the mountains and downtown! Inside, a spacious entryway leads to the open living/kitchen/dining area. The kitchen has quartz counters, stainless steel appliances, ample cabinet space, and a pantry. The large living area takes advantage of the incredible views. Off the living area is a huge 250sq.ft. wrap around balcony! The master suite overlooks the west side and features an ensuite bathroom with glass surround shower, double vanity and walk-in closet. The unit comes with TWO titled underground parking stalls (side by side) and a titled storage locker. Building amenities include a fitness facility, car wash, guest suite, and visitor parking. Located in the heart of the city's vibrant Beltline, this premium unit is close to all the amenities downtown Calgary has to offer.
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Welcome to summer! Hopefully there will be plenty of nice weather over the next couple of months so you can enjoy barbecues, picnics, deck parties, and other outdoor activities.

 

Without question, it’s the perfect season for socializing. The long sunny days and warm nights are the perfect setting for sharing interests or discussing ideas with friends and family. You might even find yourself talking about the possibility of buying or selling a home.

 

If that topic comes up, remember that I’m always available to help with any questions you - or your friends or relatives - may have. Call or email me anytime.

 

My best wishes to you and your family. Have a great summer!


MARKET UPDATE:


The detached market continues to improve with year-over-year increases in the number of transactions as well as prices. Inventory is also up and outpaced the bump in sales which led to a slight increase to the months of supply.


The attached market is behaving similarly with improvements to both sales and prices last month. However this is a tale of two product types with semi-detached homes up nearly 5% from a year ago while row homes are down close to 6%.


The apartment sector continues to face challenges. Total sales were down last month (although they're up this year as a whole). Inventory levels and months of supply are also up which could lead to further price adjustments.


QUICK STATS:

 

  June 16 June 17 Y/Y % change
Detached      
Total sales 1282 1385 8.03%
Inventory 2938 3224 9.73%
Months of supply* 2.29 2.33 1.57%
Average DOM 41 days 32 days -20.96%
Benchmark price** $500,900 $509,400 1.70%
       
Attached      
Total sales 437 469 7.32%
Inventory 1519 1561 2.76%
Months of supply* 3.48 3.33 -4.25%
Average DOM 49 days 44 days -10.22%
Benchmark price** $330,900 $334,500 1.09%
       
Apartment      
Total sales 310 286 -7.74%
Inventory 1544 1874 21.37%
Months of supply* 4.98 6.55 31.56%
Average DOM 71 days 55 days -21.97%
Benchmark price** $275,500 $265,800 -3.52%


Months of supply* The ratio between inventory and sales which represents the current pace of sales and how long it would take to clear existing inventory.

Benchmark price** The monthly price of the typical home based on its attributes, providing the best measure of price trends.


"FACELIFTS" THAT BOOST RESALE VALUE


If you plan on putting your home on the market, you obviously want it to look as attractive as possible to potential buyers. Improving the look of your kitchen or bathroom is a great place to start.


You don’t necessarily have to invest in a major - and potentially expensive - renovation. There are many simple, do-it-yourself ways to give your kitchen or bathroom a facelift and make it look (almost) new. 

Here are some ideas to consider: 

Instead of installing new cabinetry, just replace the cabinet doors and drawer fronts. Those alone will significantly improve the look of the room. In fact, even just replacing the door pulls can make a big difference. 

Replacing the sink is also an easy renovation. You can purchase a sparkling new kitchen sink and faucet kit for far less than the benefit they will deliver. 

Replacing the countertop in the kitchen is a more complex renovation and, in most cases, will require the help of a contractor. But, a handy person can probably tackle replacing the countertop in a bathroom without too much difficulty.

 

NOTABLE, QUOTABLE... QUOTES


“Nobody can go back and start a new beginning, but anyone can start today and make a new ending.” 

-Maria Robinson


“People may forget what you said or what you did, but they will never forget how you made them feel.” 
-Maya Angelou


“Our attitude toward life determines life’s attitude towards us.” 
-John N. Mitchell


Not intended to solicit buyers or sellers currently under contract. 
©IXACT Contact Solutions Inc.


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June is a busy month in so many ways.

Did you know that based on daylight hours, June has the longest days of the year? It also has the most marriages - and marriage proposals!

But as a homeowner, there are other things that make June particularly eventful. It’s a popular month for landscaping, gardening and undertaking renovations.

June is also a popular month to look for a potential new home. Some people are just curious and want to check out what’s available on the market. Other people, of course, are seriously planning to make a move, and could use some advice and help.

If you fall into either of those two camps, or even if you’re somewhere in between, give me a call. I’d be happy to answer your questions and offer my help.

Market Update:

The detached segment continues to drive the Calgary housing market. Prices improved across all price points and accounted for 65% of all transactions last month, the highest level since 2012. The year-over-year benchmark price sits at $509,000. Which is 1% higher than last year. This is the first year-over-year increase since June of 2015.

Attached homes are also seeing some minor price gains to both yearly and monthly benchmark prices, while not as strong as the detached sector, the attached market is certainly transitioning into more balanced conditions compared to the previous two years.

Apartment style homes continue to struggle with oversupply issues. The May benchmark price of $271,200 sits 2.9% lower than last year and is down over 11% from highs recorded in 2014. The largest peak to trough declines have occurred in the South, South East, and City Centre districts, this is likely related to new apartment construction in these areas.

Quick Stats: 

 

 

May. 16

May. 17

Y/Y % change

Detached

 

 

 

Total sales

1213

1378

13.60%

Inventory

3040

2941

-3.26%

Months of supply*

2.51

2.13

-14.84%

Average DOM

39 days

31 days

-20.65%

Benchmark price**

$503,600

$509,000

1.07%

 

 

 

 

Attached

 

 

 

Total sales

431

458

6.26%

Inventory

1527

1467

-3.93%

Months of supply*

3.54

3.2

-9.59%

Average DOM

46 days

44 days

-5.51%

Benchmark price**

$333,400

$333,900

0.15%

 

 

 

 

Apartment

 

 

 

Total sales

276

283

2.54%

Inventory

1610

1780

10.56%

Months of supply*

5.83

6.29

7.82%

Average DOM

49 days

55 days

12.59%

Benchmark price**

$279,300

$271,200

-2.9


Months of supply* The ratio between inventory and sales which represents the current pace of sales and how long it would take to clear existing inventory.

Benchmark price** The monthly price of the typical home based on its attributes, providing the best measure of price trends.

      
What's Memorable About Your Home?

Chances are, there is a characteristic of your property that everyone remembers, appreciates, and maybe even envies. It could be a spacious kitchen with an island and upgraded appliances... or a stunning backyard with a wrap-around deck and beautiful landscaping... or rustic hardwood floors that contrast with elegant, high-end ceramics.
Whatever it is about your property that people tend to like and remember, will also appeal to potential buyers. So, when listing your home for sale, make sure to emphasize that characteristic.

When buyers view homes, they tend to remember just one, or sometimes up to two or three features of each property. "Oh, that's the house with the large rec room and bar." Or, "That's the property with the gorgeous landscaping."

These are characteristics that help sell a property. Make sure you highlight them.

However, sometimes homeowners lose perspective of what is truly appealing about their property. Ask friends to tell you what features in your home make it appealing. You might be surprised by their answers.


The Problem With "Stuff"


The late comedian George Carlin used to have a routine called, "A place for my stuff." He was referring to the idea that, besides being a place to sleep and eat, the purpose of a home is essentially to store all the stuff you accumulate over the years.
That may or may not be true. But, if you're like most homeowners, you probably have a lot of stuff in your home... stuff in closets, and stuff in the garage.

That’s just what happens!

The problem, however, comes when you try to sell your home. What may seem to you like a comfortable home office filled with supplies, office equipment, books and papers, may look to a buyer like an uncomfortable, small and cluttered space.

That's the problem with "stuff". Too much of it, and it gets in the way of buyers seeing and appreciating the great features of your home.

So, when you're selling your home, what do you do with all that extra stuff?

One solution is to have a garage or yard sale. (If you call it a "moving sale" you'll attract more buyers.) This is a great way to get rid of the things you don't need anymore – and, perhaps, make a few dollars!

Another solution is to give some of the items you don't need anymore to charity. There are many local organizations that can make good use of second hand clothing, furniture, and toys.

Finally, for all of the things you want to hang on to, but are cluttering up your home, consider renting a locker at a self-storage company.

One thing is for certain. The more spacious and comfortable each room of your home appears to potential buyers, the more likely it is that they'll see the true value of your property and become interested.


What's Great About Your Neighbourhood?

When potential buyers view your home, they are just as interested in the surrounding area as they are in the property itself. So, before listing your home on the market, it makes sense to think about your neighbourhood and its key characteristics.
Here's a good way to do that:

Imagine a relative from out-of-town coming to visit. She may say that she likes your neighbourhood, and wants to know what you enjoy most about living there.

How would you answer?

Would you talk about the friendly neighbours? Would you list the community events? Name all the local shopping? Describe the nice restaurants within walking distance? Or tell her about the local playground?

There are probably many things about your neighbourhood that make it great. What are the top three? Those are probably characteristics of the area that most buyers will want to know.

Your neighbourhood is a key selling feature of your property. I can make sure potential buyers understand its best features.


Notable, Quotable... Quotes!


“One who smiles rather than angers is always stronger.”
Chinese proverb

“Vision without action is a daydream. Action without vision is a nightmare.”
Japanese proverb

“Nothing is inevitable, if we are paying attention.”
Marshall McLuhan

Not intended to solicit buyers or sellers currently under contract.
©IXACT Contact Solutions Inc.

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The detached housing market continued to improve across all price points in April with the benchmark price edging up slightly from last month. However, prices still remain slightly lower (-0.6%) than this time last year. I would expect a year-over-year benchmark parity within the next few months.

Both the detached and attached sectors are experiencing higher total sales along with decreased inventory and months of supply, which are all positive signs as we enter the spring real estate market.

Unfortunately, condos continue to trend downward. Growth in new apartment listings continues to outpace sales. Oversupply in the apartment sector is placing further downward pressure on pricing. To date, apartment prices have contracted by nearly 12% from highs recorded in 2014.

Calgary's real estate market varies widely, depending on a number of factors including property type, price and location. For more information or to discuss an upcoming purchase or sale, don't hesitate to contact me!


Quick Stats: 
  Apr. 16 Apr. 17 Y/Y % change
Detached      
Total sales 1136 1204 5.99%
Inventory 3138 2522 -19.63%
Months of supply* 2.76 2.09 -24.17%
Average DOM 44 days 32 days -27.29%
Benchmark price** $504,400 $504,100 -0.06%
       
Attached      
Total sales 359 426 18.66%
Inventory 1530 1326 -13.33%
Months of supply* 4.26 3.11 -26.96%
Average DOM 48 days 52 days 7.75%
Benchmark price** $334,600 $331,500 -0.93%
       
Apartment      
Total sales 273 287 5.13%
Inventory 1583 1647 4.04%
Months of supply* 5.8 5.74 -1.03%
Average DOM 54 days 49 days -8.49%
Benchmark price** $281,100 $269,200 -4.23%


Months of supply* The ratio between inventory and sales which represents the current pace of sales and how long it would take to clear existing inventory.

Benchmark price** The monthly price of the typical home based on its attributes, providing the best measure of price trends.



How Much Can You Afford?

 

Why is it so important to know how much you can afford to spend on a home?

Two reasons. 

First, you don’t want to buy a property and then find out, after you’ve moved in, that you can’t financially maintain it. That would mean having to resell it under stressful conditions. 

Second, you don’t want to settle for a property that’s less than ideal, when you really could have afforded the "dream home" you’ve always wanted.

So how do you figure out how much you can afford to pay for your next home? 

The first step is to gain a clearer understanding of how much your current home will likely sell for in today’s market. That amount, together with other financial resources you might have (such as savings), will determine your available down payment. 

The next thing you’ll need to figure out is the maximum amount of mortgage for which you qualify. 

Say, through the proceeds of the sale of your home combined with your savings, your expected down payment is $150,000. If the lender authorizes a mortgage of $375,000, then you can afford a $525,000 home. 

Typically your lender determines your maximum mortgage based on, among other things, a percentage of your income, to ensure you can maintain the property. 

It’s worth doing your own calculations too. Calculate your anticipated utilities, insurance, and property tax, and make sure you have some money set aside for unanticipated expenses. 

Of course, you don’t need to spend as much as you qualify for on a new home. A home that meets your needs in terms of property type, features, and neighbourhood, may in fact cost you less. 

One thing is for sure. As your Realtor, I can work with whatever amount you can afford and show you homes on the market that most closely meet your needs.



Is Your Home In “Move In” Condition?

 

When buyers view your home, they ask themselves whether they like it. Assuming that the answer is "yes", they try to determine how much work would be required before they could move in.

It’s not uncommon for a buyer to be interested in a property but be turned off by the perceived amount of work required. In fact, this can sometimes discourage a buyer from even making an offer.

That’s why ensuring your home is in as “move in” condition as possible is so advantageous. It will help sell your home faster and, often, for a better price.

So what does “move in” condition mean? It means that there are no repairs or maintenance issues that need to be addressed immediately. Buyers can be discouraged by seemingly minor issues, such as a loose closet shelf or a lightly dripping shower head. So it’s important to get those little repairs done before showing your home.

Buyers will also likely want to know the age of your furnace, water heater and other appliances, in order to anticipate when they will need to be repaired or replaced. If you have transferrable warranties for any of these items, be sure to let buyers know.

A fresh coat of paint is one of the best investments you can make in preparing your home for sale. More than any other repair or renovation, a coat of paint can make just about any room look almost new and move-in ready.

Buyers are sometimes worried about having to purchase new window coverings. If your window coverings will stay with the home, make that clear to buyers too.

Generally, the more you can do to make your home seem ready to move in, the better.

Want more tips on selling your home quickly and for the best price? Call today!



What Happens When You Make An Offer?

 

If you want to buy a new washing machine, you simply go into a retail store and pay the listed price. Pretty simple.

However, it doesn’t work quite that way when it comes to real estate. Although a home will usually have a “listed price”, you must make an “offer” for that property and then the seller must accept it. In fact, if there are other buyers interested in the property, you may not get the home even if you offer the listed price!

That’s why it’s so important to work with a good Realtor like me, who can provide information and experience to help you determine the right offer to submit.

Once you make an offer, if the seller accepts it, the home is yours. If the seller rejects your offer, it could be because they’ve accepted another buyer’s offer, feel your offer is too low, or have rejected one of your conditions. 

Sometimes, the seller will come back with a counteroffer. If you accept it, congratulations, you’ve bought the property. If you don’t like the counteroffer, you can make a counter-counteroffer!

This back and forth negotiation can get a bit tricky, which is another reason to have a good Realtor like me by your side. Call today.



Notable, Quotable... Quotes!

 

“Every success is built on the ability to do better than good enough.” 

Unknown

Genius is the ability to put into effect what is in your mind.” 

F. Scott Fitzgerald

“It’s not the mountain we conquer, but ourselves.” 

Edmund Hillary

Not intended to solicit buyers or sellers currently under contract. 

©IXACT Contact Solutions Inc.

 

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Here in Calgary, we're continuously dealing with an ever changing real estate market. I've been in this business for many years now, and I have a lot of knowledge and information at my fingertips. If you have questions about real estate, I encourage you to pick up the phone and give me a call. I'd be happy to provide you with any information you need.

For example, you might want to know what a particular property sold for in your area. I can help you with that. Or, you might be curious about the current market value of your home. I can help you with that too!

Please think of me as your personal real estate expert. Give me a call anytime!

Market Update:

The detached sector continues to drive the Calgary market. Supply is now less than two months and the market is firmly in balanced territory. Sales are still lagging behind long term averages but the lack of new listings has helped the benchmark price increase for the third straight month.

Conditions in the apartment sector are quite different as added inventory from new builds continues to saturate the market.

Year-over-year inventory levels dropped by 16% in March, this was driven by reductions of 25% and 17% in the detached and attached sectors respectively. Inventory of apartment style homes increased by 3% from last year.

Quick Stats:

  Mar. 16 Mar. 17 Y/Y % change
Detached      
Total sales 1005 1176 17.01%
Inventory 3093 2312 -25.25%
Months of supply* 3.08 1.97 -36.12%
Average DOM 41 days 38 days 7.46%
Benchmark price** $505,300 $503,900 -0.28%
       
Attached      
Total sales 328 428 30.49%
Inventory 1478 1227 -16.98%
Months of supply* 4.51 2.87 -36.38%
Average DOM 44 days 51 days 15.23%
Benchmark price** $337,800 $330,000 -2.31%
       
Apartment      
Total sales 257 302 17.51%
Inventory 1531 1575 2.87%
Months of supply* 5.96 5.22 -12.45%
Average DOM 48 days 57 days 17.93%
Benchmark price** $282,000 $269,700 -4.36%

 

Months of supply* The ratio between inventory and sales which represents the current pace of sales and how long it would take to clear existing inventory.

Benchmark price** The monthly price of the typical home based on its attributes, providing the best measure of price trends.      

 

How Much Is Your Home Worth?
 
If you are like most homeowners, you have probably often wondered what your home is currently worth.

You may want to know the value of your home just because you’re curious, or because you need to know the financial value of this important investment, or even because you’re thinking of making a move in the near future.

These are all good reasons. So how do you find out?

Well, a lot of homeowners simply guess. You might have heard a friend or neighbour say, “We bought this property for such and such five years ago. So I bet we could get such and such if we sold it today!” 

Unfortunately, a guess is just a guess. It’s often wrong. 

Other homeowners might find out what the “house around the corner” sold for last month, and base their estimate on that. While that’s actually a more accurate predictor of what your home is worth, you can still be off by tens of thousands of dollars. 

The best way to find out what your home would sell for in today’s market is to calculate its Current Market Value. This is done by reviewing what similar homes in your area have sold for recently – usually within the last six months – and then, based on that data, and the unique characteristics of your home, determining the value of your property today. 

Looking for help on how to calculate what your home is currently worth? Call today.


Should You Host During A Viewing?
 
You take pride in your home. So, when you put it up for sale, you want to show potential buyers all the great features that make your property so appealing.

But is playing host and guiding buyers through your home a good idea? Usually not.

When a potential buyer sees your property – either during a viewing or an open house – the buyer wants to feel free to look around, ponder each room, look at things with a critical eye, and ask candid questions of the Realtor. If you’re there, the buyer may not feel comfortable doing any of that. In addition, buyers want to envision themselves living in the house, but if you host the tour they are constantly reminded that it is your home. Consequently, they might not develop an interest in buying your property!

So playing host, no matter how good your intentions, will likely result in more lost selling opportunities than you will gain.

If possible, always make sure you’re out of the house during a showing. You can run an errand or take your family to the park.


Consider The Possibilities
 
You’re shopping for a new home. You visit a property that looks great from the outside, but when you go inside to explore the rooms, you’re disappointed. The kitchen is cluttered and “feels” small. The living room seems too wide. The master bedroom doesn’t look comfortable at all.

Should you strike this home off your list of possibilities?

Maybe. Maybe not. You see, there may be any number of reasons why a room doesn’t look appealing. Some of those reasons may have little to do with the size and configuration of the space.

For example, a bedroom might look tight and uncomfortable because there are two over-sized dressers taking up most of the space, making the room feel cluttered. Without them the room could be ideal.

The kitchen might seem small because the toaster, coffeemaker, spice rack and numerous other items are using up all the counter space. If you can imagine those gone, you might see how roomy the kitchen could feel.

So the next time you’re viewing a home, consider the possibilities for each room, not just how the room actually looks now.


Notable, quotable... quotes!
 

“Action is the real measure of intelligence.” 
Napoleon Hill

“Intelligence without ambition is a bird without wings.” 
Salvador Dali

“We can’t plan life. All we can do is be available for it.” 
Lauryn Hill

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Have you been wondering what your home would sell for in today’s market? Most homeowners ask themselves that question – especially if they’re thinking of making a move in the not-too-distant future. If you’re interested in knowing the potential selling price of your property, give me a call!

Market Update:

The housing market in our city continues to show signs of improvement, however this mainly has to do with a strengthening detached sector as the condo market in particular still faces both elevated inventory levels and months of supply. This is the same for the attached market, which also faces the same challenges although less pronounced. In the detached sector, both inventory levels and months of supply have seen a sharp decline from a year ago and are now in line with long term averages. In spite of this, the benchmark price is still down 1% from the same time last year. The attached and detached sectors have seen much steeper price declines with their benchmark prices down 2.91% and 5.14% respectively. Apart from the lower benchmark prices, nearly every other indicator of market strength has seen improvement from last year.

Quick Stats:

  Feb. 16 Feb. 17 Y/Y % change
Detached      
Total sales 693 825 19.05%
Inventory 2953 1990 -32.61%
Months of supply* 4.26 2.41 -43.39%
Average DOM 38 days 41 days 7.85%
Benchmark price** $507,000 $501,900 -1.01%
       
Attached      
Total sales 269 281 4.46%
Inventory 1340 1116 -16.72%
Months of supply* 4.98 3.97 -20.27%
Average DOM 50 days 51 days 1.48%
Benchmark price** $340,200 $330,300 -2.91%
       
Condo      
Total sales 168 236 40.48%
Inventory 1390 1387 -0.22%
Months of supply* 8.27 5.88 -28.97%
Average DOM 50 days 66 days 32.11%
Benchmark price** $283,800 $269,200 -5.14%

 

*Months of supply: The ratio between inventory and sales which represents the current pace of sales and how long it would take to clear existing inventory.

**Benchmark price: The monthly price of the typical home based on its attributes, providing the best measure of price trends.

 

How To Sell Your Home Super Fast
article 1 image


If you put your home on the market, chances are you want it to sell quickly. However, there are certain circumstances in which sellers don’t just want their home to sell quickly, they actually need it to sell super fast. This may be due to a sudden relocation, the purchase of a new home with a tight closing date, or any number of other reasons.

Obviously, this can be a stressful situation. However, there are some practical things you can do to help your home sell super fast:

  • Find out the current market value of your property. This will guide you in your decision on the listing price.
  • Be reasonable about the listing price. You can sell quickly and still get a good price for your home. But, realistically, you won’t be able to hold out in the hopes of getting an “above market value” offer.
  • Be as flexible and accommodating as possible when it comes to scheduling viewings and open houses. If you’re going to restrict buyers to seeing your home on Saturdays from 3 to 5, then you’re going to reduce your chances of a quick sale.
  • Clean and declutter your home. This is the fastest way to dramatically improve how it shows.
  • Tend to the outside of your property. Cut the grass. Trim the hedges. Fix the creaking back gate. Do everything you can to increase your property’s curb appeal.
  • Apply fresh paint wherever possible. Painting is the quickest and least expensive “renovation” you can do. It can significantly improve the look of any area of your home.
  • Spread the news that your home is on the market and that you’re looking for a quick sale. Tell your friends, neighbours and co-workers.

 

What to View When Viewing a Home
article 2 image


Shopping for a home is a little like shopping for a car. Unless you know what to look for, you risk being swayed by first impressions and buying something that does not truly meet your needs.

For example, you might fall in love with the recreation room — complete with a bar and a dartboard — and unconsciously overlook the fact that the home doesn’t have enough bedrooms to accommodate your growing family.

So when you’re viewing a potential new home, or checking out a property during a weekend “open house”, make sure the home meets your needs.

Here are some questions to ask yourself:

  • Is there enough room for my family, now and in the future? Remember, as kids grow so does the space they require!
  • Are there enough bedrooms, bathrooms, closets and storage space?
  • Is the yard big enough?
  • Will my furniture fit the space?
  • Do I like the neighbourhood? Always take a walk around and explore the area.
  • Does anything need to be repaired or replaced? If the seller won’t be taking care of such issues, repairs or replacements could add hundreds or even thousands of dollars to the true cost of buying the property.

Don’t be afraid to ask lots of questions when viewing a home. After all, it’s a major purchase. You want to get it right!

Need help finding homes to view that meet your requirements? Call today.

 

Buyers Will Love Your Storage Areas If...
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A potential buyer comes to view your home. She explores each room with interest. Then she opens the closet door in the master bedroom. Will she be impressed with the space and imagine her clothes adorning the racks and shelves?

That likely depends on how you use and manage that storage space.

Of course, her first reaction will be based on size. Short of doing a major renovation, there’s not much you can do about that.

However, there is plenty you can do to make the space seem bright and roomy. Your first step is to remove as much of the clutter as possible. If the closet doubles as storage for boxes and other items, for example, move those items elsewhere. (It might make sense for you to temporarily rent space at a local self-storage.)

Next, make sure the space isn’t over-filled. You don’t have to remove all your clothes, but consider removing enough to fully accentuate the roominess of the space and make it look neat and organized.

Finally, don’t forget about lighting. It also plays a key role. A dimly lit closet will make the space look unappealing. Use enough wattage to create a pleasant glow throughout the area.

Don’t forget to do the same things for all your other storage spaces too.

 

notable, quotable... quotes!

 

“If I look confused, it’s because I’m thinking.”

Samuel Goldwyn

 

“Everyone is a genius at least once a year.”

G. C. Lichtenberg

 

“I not only use all the brains I have, I use all the brains I can borrow.”

Calvin Coolidge

 

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I have listed a new property at 403 922 19 AV SW in Calgary.
Top floor, one bedroom condo in Lower Mt. Royal. Ideally located close to all the trendy shops and restaurants of Mission and 17th Ave! The kitchen features stainless appliances, and has plenty of cabinet and counter space. Next to the kitchen is a dining area and large living room. Off the living room is a big balcony with downtown views. The master bedroom is a good size and offers plenty of closet space. Across the hall, the four piece bathroom is well laid out. An in-unit storage space and assigned parking stall complete this wonderful property. The professionally managed complex features low condo fees. The building exterior was renovated in 2005 and the roof was replaced in 2012. Unit shows very well. Call now to book your private showing!
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Spring is just around the corner and that is traditionally the time of year when the housing market starts to heat up.

If you have any plans to move, or are just curious about what’s available on the market, now is a great time to inquire.

I’d be happy to help you with any information you want. Please give me a call anytime.

 

MARKET UPDATE:

For the fourth straight month, year over year inventory levels have declined across the Calgary market. This decreased supply has helped ease further price declines. While conditions have certainly improved over this time last year, 2016 was one of the weakest years on record so this relative improvement should be taken with a grain of salt. Additionally, while many factors have improved over last year (total sales, inventory, months of supply) benchmark prices still remain below levels recorded at this time last year. While certain areas of the market are expected to improve modestly in 2017, this transition will likely be a slow process.

 

QUICK STATS:

 

  Jan. 16 Jan. 17 Y/Y % change
Detached      
Total sales 466 584 25.32%
Inventory 2537 1849 -27.12%
Months of supply* 5.44 3.17 -41.84%
Average DOM 49 days 46 days -6.19%
Benchmark price** $510,700 $500,400 -2.02%
       
Attached      
Total sales 170 212 24.71%
Inventory 1234 994 -19.45%
Months of supply* 7.26 4.69 -35.41%
Average DOM 48 days 62 days 27.76%
Benchmark price** $342,900 $330,300 -3.67%
       
Condo      
Total sales 129 151 17.05%
Inventory 1252 1269 1.36%
Months of supply* 9.71 8.4 -13.41%
Average DOM 59 days 68 days 14.85%
Benchmark price** $284,000 $269,900 -4.96%


*Months of supply: The ratio between inventory and sales which represents the current pace of sales and how long it would take to clear existing inventory.

*Benchmark price: The monthly price of the typical home based on its attributes, providing the best measure of price trends. 

 

Making the Home Selling and Moving Process Easier
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There’s no doubt that things change in a home when it’s put on the market. Those changes can cause stress for the entire family.

Fortunately, there are ways to reduce that stress considerably. With a little bit of planning, you can even make the home selling process a relatively pleasant experience for everyone.

The first step is to talk candidly with your family, especially kids, about their feelings and concerns regarding selling your home and moving. Their worries may include:

  • Losing connections with friends.
  • Finding a new job.
  • Starting a new school.
  • Disruptions in the home during viewings.
  • Work involved in preparing the home for sale.
  • Keeping the home clean and tidy for viewings.

The more you’re aware of how your family feels about the process, the better you can deal with those issues.

Keeping the home clean for viewings and open houses is usually one of the major stressors. It may feel like you’re tidying up for a special guest several times a week! A solution worth considering is hiring a maid service on a short-term basis. That help can save you a lot of time and stress, especially if you’re also searching for a new home.

During viewings, it’s best for you and your family to be out of the home. So, consider planning little adventures. You can visit a museum, eat at a restaurant you’ve been wanting to try for months, or take the gang to a recreation centre. These ideas will go a long way toward alleviating the sense of being “kicked out” of your own home!

 

Neighbourhood Open House
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While shopping for a new home, you will likely view a lot of properties and may even attend a few open houses. That’s part of the process of finding your next dream home.

But there is another type of open house you should also attend. It’s one for which you need no invitation – the “neighbourhood open house.”

Of course, this isn’t an actual advertised open house. The term simply means that you’re able to view any neighbourhood you’d like to live in and try it on for size.

So when viewing a home or attending an open house, take some time to explore the neighbourhood. Get a sense of what it’s going to be like to live there. You can:

  • Take a walk around the block.
  • Visit the local park and playground.
  • Have a coffee at a local cafe.
  • Visit the local school.
  • Test access to commuting routes to work.
  • Check out daycare facilities.
  • Drive to the local shopping centre.
  • Investigate local features, such as theatres, restaurants and golf courses.

The neighbourhood you live in is just as important as the home itself. Before you buy, make sure you get to see your neighbourhood too.

 

Diffusing Disputes with Neighbours
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Even if you live in a beautiful home in a great neighbourhood, a dispute with a neighbour can make living there a miserable experience. That’s why it makes sense to settle such disputes quickly and amicably.

How do you do that? Here are some tips:

  1. Deal with the issue quickly. It’s tempting to avoid facing an unpleasant dispute with a neighbour and hope the problem just goes away. That rarely happens. To settle a dispute, you need to act quickly.
  2. Avoid displays of anger. Acting angrily typically only gets the other party on the defensive. It can escalate the situation and rarely, if ever, leads to a resolution.
  3. Isolate the problem. Never generalize a dispute with a neighbour. Be specific.
  4. Don’t complain; propose. Rather than complaining about loud music at night, propose a solution. For example, “When our front lights have been turned off, that means we’ve gone to bed. Would it be possible to turn down the music at that time? Thanks!”
  5. Say thanks when there’s a resolution. You may never be close friends, but being cordial will go a long way toward easing the tension.

 

notable, quotable... quotes!

 

“Congratulations. Today is the day. You’re off to great places. You're on your way!”

Dr. Seuss

 

“Don't mistake activity with achievement.”

John Wooden

 

“Doing the best in the moment puts you in the best place for the next moment.”

Oprah Winfrey

 

Not intended to solicit buyers or sellers currently under contract.
©IXACT Contact Solutions Inc.

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When most people think of the word “REALTOR®“, the image of a professional helping someone buy or sell a home comes to mind. Of course, that’s a big part of the job! But as your REALTOR®, I also consider it my job to help you enjoy your home between transactions.

How do I do that?

This informative newsletter is one way. Another is to invite you to give me a call when you have questions about the real estate market or want to know the current market value of your home.

If you need some work done around the property, I may also be able to recommend a good contractor from amongst the reputable home professionals I know.

Is there any other way I can be of service? Please let me know!

MARKET UPDATE:

The last month of the year is also the slowest month for real estate in our city. With the holidays as well as the onset of winter, many buyers often take a break from their search during the winter months. However, those that are actively looking are often quite motivated and also face less competition from other buyers.

Inventory levels fell across all segments from a year ago, on a monthly basis this helped keep the benchmark price stable in the detached and attached segments. However, the condominium market continues to face significant headwinds, mainly to do with elevated supply levels which currently sit at 7.59 months, well over twice that of the detached market.

QUICK STATS:

 

  Dec. 16 Dec. 15 Y/Y % change
Detached      
Total sales 571 533 7.13%
Inventory 1719 2132 -19.37%
Months of supply* 3.01 4 -24.74%
Average DOM 50 days 47 days 6.12%
Benchmark price** $498,300 $514,000 -3.07%
       
Attached      
Total sales 216 194 11.34%
Inventory 938 1088 -13.79%
Months of supply* 4.34 5.61 -22.57%
Average DOM 59 days 49 days 20.12%
Benchmark price** $329,300 $343,400 -4.11%
       
Condo      
Total sales 146 152 -3.95%
Inventory 1108 1120 -1.07%
Months of supply* 7.59 7.37 2.99%
Average DOM 71 days 56 days 25.11%
Benchmark price** $269,200 $288,000 -6.53%

 

*Months of supply: The ratio between inventory and sales which represents the current pace of sales and how long it would take to clear existing inventory.

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

 

 

Viewing Your Home From A Buyer’s Perspective
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There is an old adage in marketing and sales: Before trying to sell something, you need to put yourself in the buyer’s shoes. When it’s time to sell your home, you’ll need to do the same thing. Imagine that you’re the potential buyer and then view your property from that perspective.

Start with what a buyer sees first, the outside of your property from the curb. Does your home look inviting and attractive? Are there ways you can improve the look of your home from this vantage point?

It may be as simple as trimming the hedges.

Then, walk into your home through the main entrance. What is your first impression? Does your home look clean, uncluttered, and appealing from the foyer? Is there anything you can do to improve the look?

Even a small change, such as moving a coat rack that is cluttering the space, can be a significant improvement.

Finally, tour the rest of your home. Most buyers viewing homes will visit the kitchen, the living room, and other rooms on the main floor and then check out the upstairs bedrooms. As you are pretending to be a potential buyer and looking around, what impression are you getting? What features do you especially like? What don’t you like? Are there any issues that concern you?

Don’t forget to view your garage and backyard too.

By doing this simple exercise, you’ll be able to see what changes and improvements will make your home show better.

Want more ideas on how to sell your home faster and for the best price? Call today.

 

Imagine The Home In Five Years
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When you view properties listed on the market, you will see them as they look today. Yet, once you purchase a new home, you’ll likely plan on living there for years to come. Since homes and neighbourhoods change over time, it’s a good idea to imagine what the property and the surrounding area will be like over the years you plan to be there.

How do you do that?

To begin, take a close look at potential maintenance issues that may be coming up. Will the roof shingles need to be replaced in a couple of years? Is the furnace more than 15 years old? Will the bathrooms need to be renovated in four or five years?

Then, take a look around the neighbourhood. Find out what construction projects, road improvements, and other improvements are underway or will be happening soon. Are there plans for a new school nearby? Is there a major shopping centre due to be built down the street?

Also try to get a sense of the trends in the neighbourhood. Does it seem like it will be a nice place to live over the next few years? Do the homeowners take good care of their properties?

 

Understanding How Homes Are Priced
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Whether you plan on putting your home on the market someday soon, or you’re just interested in how much your property is worth from an investment perspective, it makes sense to know how homes are priced.

When a home goes on the market, there is an overwhelmingly high probability that it will sell for somewhere close to its market value.

So if a three bedroom, detached home in a neighbourhood sold for X dollars, then you can expect a similar home down the street to sell for roughly the same price.

That’s why REALTORS® look closely at recent home sales in the area in order to advise clients on the best listing price.

Are there other factors that determine selling price? There are many. Home improvements, special features such as a large deck as well as the general attractiveness of your home, can all increase its value to potential buyers.

While some of these characteristics may help boost its selling price, others may simply help you sell your home more quickly.

 

notable, quotable... quotes!

 

“Success usually comes to those who are too busy to be looking for it.”

Henry David Thoreau

 

“There are only two ways to live your life. One is as though nothing is a miracle. The other is as though everything is a miracle.”

Albert Einstein

 

“The good life is inspired by love and guided by knowledge.”

Bertrand Russell

 

Not intended to solicit buyers or sellers currently under contract.
©IXACT Contact Solutions Inc.

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It’s hard to believe that 2016 has almost ended. I hope you’ve had a terrific year, and I wish you all the best for 2017!

Providing excellent service to my clients is very important to me. In fact, my business is built on repeat business and referrals from satisfied clients. That’s why I do my best to go the extra mile with the help and information I provide – whether it’s during a transaction or during the years in between transactions.

MARKET UPDATE:

After a busy October (due to CMHC's new mortgage rules taking effect), November's housing market returned to similar levels experienced over the past 18 months. In the detached sector, benchmark prices fell below the $500k mark for the first time since early 2014. Despite this, the detached market continues to outperform both condos and attached homes. This is largely due to the disparity in months of supply between housing segments.

The Alberta economy finally got some good news with the government's approval of two new pipelines this past week. Additionally, OPEC's decision to cut output also signals that the worst may be over for the energy sector. As the energy sector begins to show signs of recovery, hopefully so too will Calgary's real estate market!

QUICK STATS:

  Nov. 16 Nov. 15 Y/Y % change
Detached      
Total sales 777 798 -2.63%
Inventory 2322 2680 -13.36%
Months of supply* 2.99 3.36 -11.02%
Average DOM 45 days 43 days 5.18%
Benchmark price** $498,300 $515,600 -3.36%
       
Attached      
Total sales 255 269 -5.20%
Inventory 1223 1287 -4.97%
Months of supply* 4.8 4.78 0.24%
Average DOM 59 days 49 days 20.86%
Benchmark price** $330,000 $345,300 -4.43%
       
Condo      
Total sales 195 195 0.00%
Inventory 1430 1353 5.69%
Months of supply* 7.33 6.94 5.69%
Average DOM 58 days 50 days 16.02%
Benchmark price** $271,300 $291,100 -6.80%


Months of supply* The ratio between inventory and sales which represents the current pace of sales and how long it would take to clear existing inventory.

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

 

 

Where To Put It All
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As you’re probably aware, one of the key steps to preparing your home for sale is to get rid of as much clutter as possible. You want to make every room look spacious and comfortable.

But what do you do with the pictures, boxes, clothing, tools, furniture and other stuff you need to take out of your home?

For items that you don’t want anymore, you have two options: dispose or donate. You can dispose of items at your local waste depot or recycling centre, (but be sure to call ahead to confirm which items they will accept.) Donations can be made to organizations like Goodwill and The Salvation Army. These organizations are interested in good furniture, clothing, appliances (that work), bikes and other toys (that don’t need repair), and tools.

For items you want to keep, consider renting space at a local self-storage facility. Most offer a variety of storage options from lockers to garages, and typically charge by the month. As for security, most self-storage facilities have fencing, gates that require a passcode, cameras and other security features. You can also lock your own unit.

One of the drawbacks of self-storage is that you have to move your stuff twice – first to the storage unit, and then to your new home. An alternative that’s becoming increasingly popular is a Mobile Storage Unit. The unit is placed in your driveway for a few days while you load it with the items you want stored. Then it’s picked up by the mobile storage company and taken to their warehouse. When you move, the company simply drops the unit off at your new home for unloading.

 

Why Bargain Hunting Is a Bad Idea
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It seems like every month there is a new website offering deals on everything from electronics to travel. In fact, the “coupon industry” is booming.

This trend has conditioned people, more than ever before, to look for bargains and become determined to pay well below the market price for merchandise. There’s nothing wrong with that. We all want a deal!

But when it comes to shopping for a home, bargain hunting can be a bad idea.

First of all, the real estate market is competitive. The overwhelming majority of homes sell for a price that is at, or close, to their respective market values. Your chances of finding a property that is listed significantly below its market value is slim to none.

Secondly, if you become fixated on finding a bargain, you may not notice all the great properties on the market that are within your price range and meet your criteria.

In other words, you may inadvertently pass on what may, in fact, be your next dream home.

So, when shopping for a new home, focus on finding the right property at the right price, and not on finding a bargain.

 

S.M.A.R.T. Get Smart With Your Success Goals
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At this time of year, people traditionally set goals for next year. Do you have something you want to achieve over the coming months? If so, then you’ll have a much better chance of reaching your goal if you make it “SMART”.

SMART is an acronym that refers to the five ingredients of a successful goal: specific, measurable, achievable, realistic, and time-bound. It is based on the work of famed management guru Peter Drucker, but the technique is equally applicable to personal goals.

Here’s how it works:

Let’s say your goal is to lose weight.

To make this goal SMART, you would need to make it specific – lose 7 pounds; measurable – track your weight every week; achievable – find a good program to follow; realistic – check with your doctor to make sure your weight loss goal is sensible, and time-bound – six weeks.

Studies prove that if your goal is SMART you’ll have a much better chance of achieving it. Good luck!

 

notable, quotable... quotes!

 

“If we did all the things we are capable of doing, we would literally astound ourselves.”

Thomas Edison

 

“Life is a combination lock, your job is to find the right numbers, in the right order, so you can have anything you want.”

Brian Tracy

 

“It’s time to start living the life you’ve imagined.”

Henry James

 

Not intended to solicit buyers or sellers currently under contract.
©IXACT Contact Solutions Inc.

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For the first time in two years, sales activity in October resembled long term averages for our city. The 1644 sold properties marks a 16% increase over last year. While this is definitely a good sign, the increase in sales likely has something to do with the government's new mortgage rules which took effect on October 17th. It will take a few more months of data to determine whether or not this is the beginning of an upswing in the market or just a temporary shift.

Despite the good news, benchmark prices still edged down slightly in October. Since the beginning of the downturn, home prices have declined from a low of 3.8% in the detached sector to a high of 9.4% in the condominium sector. As always, prices, market trends and sales activity varies greatly based on location, property type and price. If you have any questions please don't hesitate to contact me!

 

Quick Stats:

 

  Oct. 16 Oct. 15 Y/Y % change
Detached      
Total sales 1031 872 18.23%
Inventory 2565 2921 -12.19%
Months of supply* 2.49 3.35 -25.73%
Average DOM 42 days 38 days 9.95%
Benchmark price** $502,200 $518,800 -3.20%
       
Attached      
Total sales 362 313 15.65%
Inventory 1320 1334 -1.05%
Months of supply* 3.65 4.26 -14.44%
Average DOM 49 days 41 days 20.64%
Benchmark price** $329,600 $347,000 -5.01%
       
Condo      
Total sales 251 237 5.91%
Inventory 1542 1366 12.88%
Months of supply* 6.14 5.76 6.59%
Average DOM 54 days 50 days 8.41%
Benchmark price** $273,800 $292,300 -6.33%

 

*Months of supply: The ratio between inventory and sales which represents the current pace of sales and how long it would take to clear existing inventory.

 

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

 

Getting a Taste of The Market
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While you may not be seriously considering selling your home or looking for a new one, you might still be interested in what’s going on in the marketplace. After all, it’s nice to see “what’s out there” and find out more about some of the homes that are currently listed on the market.

There’s nothing wrong with that. In fact, it’s a good idea.

Keeping up with what’s going on in the local market, will help you make better decisions about your own home, especially if you anticipate selling within the next year or so.

Many people do this by reviewing listings online, ads in the real estate section of the local paper or dropping in on open houses. While these techniques are helpful, they don’t always give you the best picture of what’s really going on.

A better strategy is to talk to me. I will give you the best information about properties available and where the local market is headed.

As your REALTOR®, I can also satisfy your curiosity about how much particular homes have sold for in the area – which will give you a clearer idea of what your own home might get if it was listed today.

Speaking of price, I can provide you with a free assessment of your home’s current market value, which will give you an even clearer idea of what you’re likely to get.

Clearly, by working with me, you’ll have a source of advice and information that will help you make the best decision when the time comes to consider making a move.

 

Enhance Your Foyer Appeal
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You’ve probably heard the term “curb appeal”. It refers to how your property looks when a potential buyer first sees it from the curb. Curb appeal plays an important role in the first impression a buyer gets of your home.

There is another type of appeal you should also be concerned about – “foyer appeal”. Foyer appeal is all about the impression a buyer gets when he or she first walks through your front door.

Think about it. What do you do when you enter a particular home for the first time? You probably take a quick look around while you’re removing your jacket or shoes. In fact, a lot of the impression you form about a home comes from the first look you get while standing in the foyer. Home buyers do the same thing.

So when preparing your home for sale, it makes sense to make your home look as attractive as possible from the perspective of the foyer. There are many ways you can do that. Make sure the area is clean and uncluttered. Don’t have shoes and boots lying around. Make sure there is nothing obvious and unsightly in the foyer.

Fair or not, buyers form lasting impressions from the foyer. So make sure that the first impression is a good one!

 

How to Decorate a Room on a Shoestring
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It would be ideal if you could hire an interior designer and completely remodel your living room. But, let’s face it, that could be very expensive.

That doesn’t mean you can’t make your current room look a lot better. Here are some simple, low-cost decorating tips that will accomplish just that.

  • Put a covering over your worn sofa or chair. A simple throw blanket placed at an angle can make a dramatic difference.
  • Plants, real or artificial, make just about any room look better. Just don’t overdo it.
  • Don’t try to hide problem areas. Instead, accent them. For example, if the window sill is worn and aged, place a couple of antique-looking ornaments on it!
  • Re-do the walls. Move pictures around. Consider adding other wall decor, such as plates and mini-shelves.
  • Place your favourite hard-cover books around the room. Add illustrated books in the living room and cookbooks in the kitchen or dining room.
  • Lamps, especially interesting looking ones, can go a long way toward enhancing a room.

Don’t be afraid to experiment. Be daring. Sometimes just moving a picture or a piece of furniture can make all the difference.

 

notable, quotable... quotes!

 

“The best way to have a good idea is to have lots of ideas.”

Linus Pauling

 

“All that is necessary for evil to succeed is that good men do nothing.”

Edmund Burke

 

“Dreams are the touchstones of our character.”

Henry David Thoreau

Not intended to solicit buyers or sellers currently under contract.
©IXACT Contact Solutions Inc.

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As you may know, I rely on repeat clients and referrals to build my business. That’s why I work so hard to provide the best possible service, information and advice. I want my clients to feel comfortable relying on me for their real estate needs, and recommending my services to their friends and colleagues.

So when you need advice or recommendations from someone who is well connected to Calgary's real estate market, give me a call!

Market update:

The real estate market in our city continues to be on the slow side with the total number of transactions this year (detached, attached, and condo) remaining below long term averages. The detached segment, which accounts for well over half of all real estate transactions, continues to outperform attached homes and condos. In particular, the resale condo market continues to struggle due to high inventory levels as well as increased competition from new builds. On a more positive note, the benchmark price for detached and attached homes increased from last month suggesting that the market may be stabilizing after nearly a year of losses.

Quick stats:

 

  Aug. 16 Aug. 15 Y/Y % change
Detached      
Total sales 945 906 4.30%
Inventory 1660 1768 -6.11%
Months of supply* 2.99 3.34 -10.65%
Average DOM 42 days 37 days 11.51%
Benchmark price** $503,400 $520,500 -3.29%
       
Attached      
Total sales 338 284 19.01%
Inventory 1403 1277 9.87%
Months of supply* 4.15 4.5 -7.69%
Average DOM 52 days 41 days 25.98%
Benchmark price** $331,600 $348,300 -4.79%
       
Condo      
Total sales 200 259 -22.78%
Inventory 1651 1293 27.69%
Months of supply* 8.26 4.99 65.36%
Average DOM 56 days 49 days 15.02%
Benchmark price** $274,700 $294,600 -6.75%

 

Benchmark price** The monthly price of the typical home based on its attributes, providing the best measure of price trends.

Months of supply* The ratio between inventory and sales which represents at the current pace of sales and how long it would take to clear existing inventory.

 

The Vocabulary of Selling a Home
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As in any industry, there are terms and buzzwords that are unique to residential real estate. When you put your home on the market, you should know what those terms mean. Here are definitions for the most common ones:

Fair market value: This is an estimate of how much a specific home will sell for in today’s market, taking into account what similar properties in the area have sold for recently.

Seller’s Agent: That would be me, the REALTOR® who is helping you sell your property. I would also assist you in finding and buying your next home.

Buyer’s Agent: This is the REALTOR® who is representing the buyer of the property you want to sell.

Pre-approved Mortgage: This is a statement (often in the form of a certificate) from your bank or other lender that states that you qualify for a mortgage for a particular amount of money. A pre-approved mortgage adds credibility to any offer you make on a new home.

Staging: This is a strategy where a home is purposely prepared so that it appeals to potential buyers. Staging may involve cleaning, de-cluttering, rearranging furniture, redecorating, and more.

Survey: This is a document that defines the boundaries and measurements of your property and any structures on it.

Offer: This is an offer of purchase, in writing, for a particular property.

Conditional Offer: This is an offer to purchase, but with conditions – such as “conditional on a satisfactory home inspection” or “conditional on arranging suitable financing”.

 

Engaging the Other Senses
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When preparing a home for sale, most homeowners focus on pleasing the eyes. In other words, they make their property “look” as attractive as possible. That is, of course, a very important thing to do! However, your home will be even more appealing to buyers if you also engage their other senses.

Take smells, for example. Ideally, you don’t want any smells at all in your home during a viewing. So be careful about odours that can linger after cooking. Use the fan. Do not use scented air fresheners or strong perfumes in washrooms prior to viewings. If you or another family member smokes, avoid having the smell come into the home.

As for sounds, soft, pleasing music is fine. Just be sure to choose a style that would be acceptable to all. Think elevator music! If a neighbour is creating a loud noise next door – jackhammering a patio foundation, for example — ask him or her to keep it down during showings. Most good neighbours will be happy to do so.

In general, anything you can do, even something minor, that will make your home more appealing to all the buyer’s senses is worth the effort.

 

Go Beyond Property Needs and Wants
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When you shop for a new home, you’ll probably start by thinking about what you need in your next property. Your list might include a spacious kitchen; three bedrooms; and, a mature tree in the backyard.

Those are property features and, of course, they’re important. But finding your next dream home involves more than just property features. It also involves getting what you want from the surrounding area. After all, a home isn’t going to be enjoyable if commuting to work from your neighbourhood is long and agonizing. So when you shop for a new home, also think about:

  • Work. How will you get to work? Is public transit nearby?
  • School. Where will your kids go to school? Is transit or bus service available? Will your kids be able to walk to school?
  • Kids. Where will your kids play and hang out? Are there nearby playgrounds and parks?
  • Neighbours. Do the local homeowners seem like the kind of people you’d like as neighbours?
  • Shopping. Where will you do your weekly shopping?
  • Hobbies. How far will you be from golf, theatre, or other hobbies?

As your REALTOR®, I can help you answer these questions. Call me today.

 

notable, quotable... quotes!

 

“We make a living by what we get; we make a life by what we give.”

Sir Winston Churchill

 

“Always aim for achievement and forget about success.”

Helen Hayes

 

“It is best to disregard talk and judge only actions.”

Dorothy Day

 

Not intended to solicit buyers or sellers currently under contract.
©IXACT Contact Solutions Inc.

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This is a busy month in many households. Summer is over. The kids are back in school. It’s time to prepare for the change in seasons.

One thing that's not experiencing a whole lot of change is the real estate market in our city. Detached homes (-3.3% from last year) continue to outperform attached (-4.7%) and condos (-7.1%). The considerable difference between housing sectors can be directly attributed to inventory levels and months of supply which are quite different between the three. 

Now more than ever, it's very important that both buyers and sellers pay close attention to the data in their particular market segment. Should you have any questions or wish to discuss an upcoming purchase or sale please let me know.

QUICK STATS

 

*Months of supply: The ratio between inventory and sales which represents at the current pace of sales and how long it would take to clear existing inventory.

**Benchmark price: The monthly price of the typical home based on its attributes, providing the best measure of price trends.

 

 

What Buyers Notice Most When Viewing a Home
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Do you remember the last time you viewed a home for sale? What do you recall about that property? You likely remember the features and characteristics that stood out, such as the gorgeous hardwood floors, the spacious kitchen with the long island, or... the faucet that was dripping in the main floor washroom!

Obviously, you want potential buyers to notice the great features of your home rather than those things that are less appealing. So, when preparing your home for sale, pay particular attention to what a buyer is likely to notice and remember.

Say, for example, you have a small unused bedroom that has become the unofficial storage room. If something doesn’t go anywhere else, it gets put in that room! Now it’s a cluttered space.

What will buyers remember about that room after a viewing? Will they see the potential for a home office or comfy reading room? Most likely, they will just remember a small, cluttered, potentially unusable space.

Buyers will also notice a dripping faucet, a scuff in the wall, or the lingering odour of spicy cooking in the kitchen. They will remember all the things that stand out, regardless of whether they are positive or negative.

So, when you list your property, make sure that what stands out for potential buyers are the desirable features of your property.

If you have a wonderful sitting room with large windows and a great view, make sure that space is clean and comfortable. You may even want to “stage” it a little, perhaps with some fresh flowers and a good book sitting on the end table.

As your REALTOR®, I can help you determine the most marketable features of your property and how to ensure buyers notice – and remember – them. Call me today.

 

Make a “Great Things” List
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What’s great about your home? Is it the spacious foyer and generous main floor closet space? Is it the beautiful washroom? Is it the playground that is only a short walking distance away?

Although some properties may look similar at first glance, every home is unique – with features and characteristics that make it special.

If you’re considering putting your home on the market, make a list of all the great things about your property that potential buyers will want to know.

Start by thinking about what you think are the desirable features of your home. Write down what you really love about the house and the surrounding area.

Next, think about what friends and other visitors to your home think is great about it. Have you ever heard anyone say something like, “I really love your kitchen!” or, “This is such a quiet street”? Those are indications that potential buyers will like those features and characteristics too.

Finally, talk to me. I can help you determine all the great things about your home and area, and how to market them.

 

Can You Afford the Home You Want?
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Can you afford to purchase the home you really want? Here are some things to consider:.

  • What kind of home do you want? What kind of neighbourhood do you want to live in? What features and characteristics do you need in a home? (Three bedrooms? A large livingroom for entertaining? A backyard big enough for a garden?)
  • What homes currently on the market match that criteria? Are there some properties for sale that are close to what you’re looking for? What are their listing prices? How much, realistically, will it cost to buy one of those homes?
  • How much, realistically, can you expect to get for the sale of your current property?
  • How much of a mortgage will you need? How does that compare to the mortgage you qualify for?
  • What additional costs will you incur in selling your current property and purchasing your new home? (For example, moving, home inspection, repairs and renovations, closing costs, etc.)

Chances are, there’s a home on the market that you can afford – and is right for you. Call me today to discuss.

 

notable, quotable... quotes!

 

It is our choices that show what we truly are, far more than our abilities.”

J. K. Rowling

 

“Your own resolution to succeed is more important than any other thing.”

Abraham Lincoln

 

“People always call it luck when you’ve acted more sensibly than they have.”

Anne Tyler

 

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I have listed a new property at 119 Midridge GD SE in Calgary.
**Open House Saturday, Aug. 20th 2-4pm** Amazing price for a semi-detached home in Midnapore; and with no condo fees! This two story home is ideally located close to schools, transit, shopping and is just minutes away from one of the best lakes in the city. The home sits on a very low traffic street and offers plenty of outdoor space as well. Complete with three bedrooms, one and a half baths and a finished basement, this home is perfect for the investor or first time buyer looking to get into an established lake community. Call today to book your private showing. RMS = 1,039 sq.ft.
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House prices continued to decline in July with the benchmark price of detached homes, attached homes, and condos falling slightly from the previous month. July saw a total of 1741 transactions in Calgary which was 12.6% lower than last year. This marks 20 consecutive months of year-over-year sales declines. One thing to keep in mind is that prior to this current downturn, sales activity was well above long-term averages.

Prices appear to be leveling off somewhat in the detached homes sector, this is not the case for condos and attached homes which continue to decline in price. Condos are experiencing the steepest declines, due in part to high inventory levels which are now in excess of six months, nearly a 60% increase from a year ago. Many buyers continue to expect prices to decline further and are searching for properties and writing offers accordingly. Conversely, homes that are selling are those in which sellers expectations are in line with the current market.

QUICK STATS:


  July 16 July 15 Y/Y % change
Detached      
Total sales 1108 1220 -9.18%
Inventory 2727 2752 -0.91%
Months of supply* 2.46 2.26 9.11%
Average DOM 43 days 37 days 16.22%
Benchmark price** $502,300 $520,000 -3.40%
       
Attached      
Total sales 379 447 -15.21%
Inventory 1404 1137 23.48%
Months of supply* 3.7 2.54 45.64%
Average DOM 50 days 44 days 13.42%
Benchmark price** $330,800 $347,000 -4.67%
       
Condo      
Total sales 254 324 -21.60%
Inventory 1554 1245 24.82%
Months of supply* 6.12 3.84 59.22%
Average DOM 57 days 47 days 19.54%
Benchmark price** $277,000 $296,500 -6.58%

 

* Months of supply: The ratio between inventory and sales which represents at the current pace of sales and how long it would take to clear existing inventory.

**Benchmark price: The monthly price of the typical home based on its attributes, providing the best measure of price trends.

 

 

Making a Small Room Seem Bigger to Buyers
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When you’re putting your property on the market, you want to make it seem as big and comfortable as possible. After all, buyers are attracted to space. However, you probably have at least one room in your home — and perhaps even more — that feels small and a little cramped.

Of course you don’t want the buyer’s first impression of the room to be its size. Since it isn’t practical to be knocking down walls and renovating, what should you do? Here are some ideas for making small spaces seem larger and more comfortable:

  • Remove any items and extra furniture that make the room feel smaller than it really is.
  • Remove any obstructions near the entranceway. You should be able to open the door fully and walk in without bumping into a desk or bookshelf.
  • Don’t use heavy curtains on the windows. Let the light in.
  • Use soft light bulbs with enough wattage to fill the room with full and pleasant (but not blinding) light.
  • Less is more. Keep knickknacks, pictures and other décor items to a minimum.
  • Keep the door fully open during viewings.
  • Make sure there’s enough space for two people to walk in and move around without bumping into each other.
  • Give the room a purpose. “This is the home office.” Or, “This is the comfy reading nook.” If a small room doesn’t have a reason for being, it will seem like wasted space.

Want more ideas for preparing your home so that it will sell quickly and for the best price? Call today.

 

Understanding the Costs of Selling a Home
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If you’re planning on moving, you’re probably focused on how much your new home is going to cost. However, it’s also a good idea to understand the real costs associated with selling your current property.

In fact, there are some costs and expenses you may not have anticipated. Here are a few examples:

Home inspection. You might think you’ll only need a home inspection for a home on which you’ve made an offer. However, it might also make sense to have a home inspection completed on your current property in order to identify potential issues that might get in the way of a sale. Buyers feel more confident when considering a home that has had a recent professional inspection.

Cancellation costs. There may be extra expenses associated with cancelling internet services, newspaper subscriptions, home security systems, and even lawn care services.

Repairs. You should budget to get any maintenance issues, such as a broken door handle, dealt with before your home goes on the market.

Staging. Tasks like getting rid of clutter, arranging for the carpets to be professionally cleaned, having the hedges trimmed, and doing other things to make the property look attractive to buyers all fall under the umbrella of “staging”. You can do much of this work yourself, or hire a professional.

Moving. It’s a good idea to budget for the costs of moving. Even if you’re using a friend’s truck and planning to do most of the packing and hauling yourself, there may still be costs, such as packaging materials, gas, and perhaps even pizza for your crew.

At the end of the day, these costs may turn out to be negligible when compared to the value of your property. As your REALTOR®, I can help you understand all the costs and help make the selling process go smoothly.

 

The Offer With Strings Attached
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You put your home up for sale. You work hard to make it look attractive to potential buyers. Then, you finally get an offer.

But there’s a catch. The offer comes with a string or two attached… a couple of “conditions”. Should you be worried?

First of all, don’t panic. It’s common for offers to come with a condition or two. Sometimes an offer is conditional upon the buyer securing appropriate financing, or your property passing a home inspection.

These types of conditions are usually dealt with in just a few days and then the offer becomes firm. (In other words, you’ve likely sold your house!)

However, there are some types of offers that can be worrisome. For example, a buyer may make an offer to buy your home “conditional” upon him selling his current home for a specific price. Of course, there is the concern that the buyer won’t sell his home. Then the deal will fall through and you’ll have to put your home back on the market.

As your REALTOR®, I can help you decide if a particular offer is worth accepting.

 

notable, quotable... quotes!

 

Always do right. This will gratify some people and astonish the rest.”

Mark Twain

 

“If your success is not on your own terms, if it looks good to the world but does not feel good in your heart, it is not success at all.”

Robert Allen

 

“Setting your own standards — and living up to them — is a better way to profit. Not to mention a better way to make your day worth all the effort you put into it.”

Seth Godin

 

Not intended to solicit buyers or sellers currently under contract.
©IXACT Contact Solutions Inc.

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June prices continued to decline slightly across most areas of the market, with detached and attached homes faring much better than condos. In fact, the detached benchmark price in June was $502,400, a 0.4% improvement from May. That put an end to eight consecutive months of losses, however the benchmark price still remains 3.4% lower than last year. Overall, sales activity for 2016 has remained well below the 10-year average for our city. Fortunately, the number of new listings is also down which has helped prevent further inventory gains. As always, market conditions vary significantly based on property type, location, and price.

 

QUICK STATS

 

  June 16 June 15 Y/Y % change
Detached      
Total sales 1282 1331 -3.68%
Average DOM 41 days 37 days 12.15%
Benchmark price* $502,400 $520,200 -3.42%
       
Attached      
Total sales 435 452 -3.76%
Average DOM 49 days 44 days 12.49%
Benchmark price* $331,100 $348,200 -4.91%
       
Condo      
Total sales 311 399 -22.06%
Average DOM 59 days 48 days 24.09%
Benchmark price* $278,200 $295,600 -5.89%

 

*Benchmark price: The monthly price of the typical home based on its attributes, providing the best measure of price trends. 

 

How To Tell if a Neighbourhood is Improving
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When you’re looking for a new home, you want to find one in a great neighbourhood – or, at least, in a neighbourhood that is on the upswing. How can you tell if a particular area is improving? Here are some common indicators:

  • Pride of ownership. Take a walk around the neighbourhood. Do you get a sense that people take good care of their homes? Are the lawns mowed? Is the landscaping trimmed? Are flowers planted? Homeowners are more likely to look after their properties when they like where they are living.
  • Home improvements. Are people investing in their homes? Are they getting their driveways re-done? Their windows replaced? Are there signs of home improvement projects? If so, this is a clear indication that homeowners like the area enough to invest in their properties.
  • Real estate sales activity. Do homes tend to sell quickly in the area? Do they sell for a good price? If so, the neighbourhood is probably in demand. If people want to live there, it's a desirable area.
  • Business investment. Are businesses investing in the surrounding area? Is there an increase in the number of upscale shops, health clubs, restaurants, and other commercial enterprises that often locate near desirable neighbourhoods?
  • Community involvement. Are there signs that the community plays an active role in the look and lifestyle of the neighbourhood? Are there neighbourhood picnics, yard sales and other get-togethers? Check Facebook to see if the neighbourhood has a community page.
  • City plans. Find out what plans the city has for the area. Will there be road improvements done in the near future? Are there any major construction projects on the schedule, such as a new school or community centre? Although such projects can be disruptive in the short term, they may improve the neighbourhood – and, as a result, boost the value of any home you buy – in the long-term.

If you need help finding this information, call today.

 

Painting to Sell
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A fresh coat of paint is the fastest and most inexpensive way to make your property more attractive to buyers. It can make just about any room look stylish and new.

The challenge is determining what paint colours and options you should choose out of the hundreds available. Should you be daring and select “designer” colours? Should you consider stippling, ragging and other effects?

Experts say to keep it simple. Stick to just two or three traditional colours for your entire home. The simple consistent tones will make your property appealing to the tastes of more buyers.

 

Home Safety is More than Locked Doors and Alarms
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When it comes to home security, most homeowners think about door locks and alarms. These are, of course, very important. However, there is also a lot you can do around your property to prevent the possibility of a break-in.

One important part of home security is outdoor lighting. Your home doesn't need to be lit up like a baseball diamond at night, but your exterior lighting should illuminate your yard enough to be a deterrent to burglars.

Some burglars hide around the property and wait for someone to arrive and open the door so they can use that opportunity to force their way into your home.

Security experts suggest that you walk around your property and look for areas where someone could hide, such as behind tall shrubbery or behind a tool shed. Make sure these areas are well lit.

Pay particular attention to lighting around exterior doors, especially the back door.

Experts also recommend that exterior lighting be installed with a timed dimmer. The lights can then be set to cast a bright light in the early evening, and then a dimmer light throughout the rest of the night.

Lights installed with motion detectors can also be effective in certain areas. The sensors will cause the light to turn on or brighten when someone comes onto that part of your property. Generally, thieves will flee as soon as they see a light turn on.

Do you hide a spare key under the front door mat or in a flower pot? You may think you have found a clever spot, but experienced thieves know all the common hiding places. So, if you need to have a spare key available, put it in a small combination lock box and hide the box. Even if a burglar finds the box, he won't be able to open it and access the key.

 

notable, quotable... quotes!

 

“Imagination is everything. It is the preview of life’s coming attractions.”

Albert Einstein

 

“Everything you want is just outside your comfort zone.”

Robert Allen

 

“The secrets of getting ahead is getting started.”

Mark Twain

 

Not intended to solicit buyers or sellers currently under contract.
©IXACT Contact Solutions Inc.

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In case you haven’t already noticed, there has been a little more action in the real estate market lately. This activity is common during the spring and summer months. After all, summer is an ideal time to make a move! While the total number of sales is on the rise, so too are new listings. This continues to add to the city’s inventory levels, which are currently at 6148 units, an increase of 14% over the same time last year. The increased inventory, along with weakness in the labour market, has continued to put downward pressure on prices. As always, market trends vary significantly based on price, location and property type. If you have any questions about what’s going on in the real estate market please give me a call, I’d be glad to help.

Quick Stats:

  May 16 May 15 Y/Y % change
Detached      
Total sales 1217 1362 -10.56%
Average DOM 39 days 38 days 3.71%
Benchmark price* $500,500 $518,000 -3.38%
       
Attached      
Total sales 431 465 -7.31%
Average DOM 46 days 43 days 7.72%
Benchmark price* $332,100 $347,100 -4.32%
       
Condo      
Total sales 275 359 -23.40%
Average DOM 49 days 48 days 0.98%
Benchmark price* $278,500 $295,000 -5.59%

*Benchmark price: The monthly price of the typical home based on its attributes, providing the best measure of price trends.

Home Inspectors Help More Than You May Think
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If you’re thinking of buying a particular home, you’re probably aware that you should get a qualified home inspector to examine it. In fact, most offers will include a condition that the property be inspected before the sale becomes final.

A good home inspector will go over the property from top to bottom, inside and out. He or she will look for things like cracks in the foundation, out-dated wiring, repairs that need to be done, and aging components (such as the roof and furnace). The inspector will also provide a timeline for the replacement of any of the major components including HVAC windows, roof, etc.

Basically, a home inspector helps you understand the condition of the home and the related expenses you should expect.

But it can also be very beneficial for a seller to hire a home inspector. Getting your current home inspected before you list it for sale can help sell your property faster and for the best price.

Say you put your home on the market. You get an offer. That offer is conditional on a home inspection. What if the inspector uncovers a major issue, like a leak you weren’t aware of, or some problem with the wiring? The buyer could potentially walk away from the deal.

If, however, you got your home inspected first, you would know about those issues in advance and could deal with them appropriately.

So a good home inspector can be more valuable than you think!

 

Give Your Outdoor Space a Wash & Haircut
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When preparing a home for sale, most people focus on making the inside look as appealing as possible. But the outside of your property deserves your attention too. After all, it’s the first thing a potential buyer sees.

You can dramatically improve the appearance of your property by giving it a “wash and haircut”!

Clean the driveway, walkways and deck or patio. A pressure washer — which can be rented from most home improvement centres — works best, although you can do nearly as good a job with a water hose and walkway cleaner.

Trim hedges and shrubs. Mow the lawn. Pull any weeds out of flower beds.

These small measures will help you make the best first impression on buyers.

 

Creating a Realistic New Home Budget
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You’re probably aware that there’s more to the cost of a new home than its purchase price. So to help you make an informed decision, ask yourself the following questions:

  • How much do you expect to pay for moving expenses? Don’t forget to include packing materials in your calculations.
  • “Closing costs” are the extra charges you will have to pay at closing. How much do you expect your closing costs to be?
  • Estimate how much you’ll pay for activating your phone, internet service, cable television, and other utilities at your new home. These little costs can add up.
  • Will your new property require painting, repairs, and other preparations once you move in? How much will they likely cost?
  • Will you need to purchase new furnishings, decor, and other items for your new home? What’s your budget for those items?

The more aware you are of the true costs of a home you’re interested in buying, the better choices you’ll be able to make about that home. If you decide to buy, you’ll be able to do so with much more confidence.

 

notable, quotable... quotes!

 

“Not everything that is faced can be changed, but nothing can be changed until it is faced.”

James Baldwin

 

“Worrying is like a rocking chair: it gives you something to do, but it doesn't get you anywhere.”

Anonymous

 

“When you’re through changing, you’re through.”

Bruce Barton

 

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Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
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.