KITCHENER-WATERLOO, ON (December 3, 2009) – A new record for residential sales was set by the Kitchener-Waterloo Real Estate Board (KWREB) in November as MLS® homes sales to the end of November reached 556 units. That’s an 87.8 percent increase from November 2008, and the third consecutive month that sales set a monthly record.
The remarkable jump in residential sales this November is a clear reminder of what was happening this time last year--“not much” says Ted Scharf, the new President of the Kitchener-Waterloo Real Estate Board. “But for the third consecutive month we have seen a significant resurgence from the downturn that started last fall.”
Full media Release: http://www.kwreb.on.ca/Stats/November 2009 Media Release.pdf
Thursday, December 3, 2009
Tuesday, November 17, 2009
Closings....
Closings seemed to be the theme of the past two weeks. Last week, L's house closed and L is off to another end of the province to enjoy her new home there.
Yesterday S&T's new home closed. We had the final inspection last week. Always tougher with new homes because it's uncommon to have everything completed. In this case, grading, sod, outside painting all still needs to be done. In Ontario we have what's called the Tarion Warranty program. It helps to protect homeowners of new homes even after the closing date. So, S&T will be able to use the system to ensure the items that still need to be completed by the builder will still get done. The program also protects them in the future for things that may go wrong with the home for up to 7 yrs (for structural items). Their home looked beautiful and their colour choices all came together quite nicely.
Yesterday also marked the closing for D&A who will now get to finally settle down here in Canada in their new home. The sellers of their home kept the home immaculate and left the home spotless, including filling all nail holes and repainting over them. What a treat for them!
This weekend I was able to win a multiple offer situation for C who found the condo home of her dreams. The downside of multiple offers is that the buyer often pays more than they would have had they been the only offer. In this case, I think C still got herself a great deal and did not overpay for the house. Multiple offers are also a situation where it's a fine balance between making the offer appealing to the seller (so they will want to choose ours over the other), while still making sure the buyer's concerns and interests are covered. This balance is unique to each individual.
This coming week I will have the pleasure of meeting with D&L, a referral from a friend and previous client. They're thinking of selling their home in the spring and wanting me to come check it out and chat more about their plans.
Tomorrow the agents at Re/Max Twin City Realty Inc. Waterloo will be dining out for breakfast! Every month we beat last year's sales the boss helps us celebrate. Re/Max Twin City continues to take aproximately 27-28% of the KW marketshare. It's a fantastic brokerage to work for especially when it involves fruit and pancakes! yummmmmmm!
Yesterday S&T's new home closed. We had the final inspection last week. Always tougher with new homes because it's uncommon to have everything completed. In this case, grading, sod, outside painting all still needs to be done. In Ontario we have what's called the Tarion Warranty program. It helps to protect homeowners of new homes even after the closing date. So, S&T will be able to use the system to ensure the items that still need to be completed by the builder will still get done. The program also protects them in the future for things that may go wrong with the home for up to 7 yrs (for structural items). Their home looked beautiful and their colour choices all came together quite nicely.
Yesterday also marked the closing for D&A who will now get to finally settle down here in Canada in their new home. The sellers of their home kept the home immaculate and left the home spotless, including filling all nail holes and repainting over them. What a treat for them!
This weekend I was able to win a multiple offer situation for C who found the condo home of her dreams. The downside of multiple offers is that the buyer often pays more than they would have had they been the only offer. In this case, I think C still got herself a great deal and did not overpay for the house. Multiple offers are also a situation where it's a fine balance between making the offer appealing to the seller (so they will want to choose ours over the other), while still making sure the buyer's concerns and interests are covered. This balance is unique to each individual.
This coming week I will have the pleasure of meeting with D&L, a referral from a friend and previous client. They're thinking of selling their home in the spring and wanting me to come check it out and chat more about their plans.
Tomorrow the agents at Re/Max Twin City Realty Inc. Waterloo will be dining out for breakfast! Every month we beat last year's sales the boss helps us celebrate. Re/Max Twin City continues to take aproximately 27-28% of the KW marketshare. It's a fantastic brokerage to work for especially when it involves fruit and pancakes! yummmmmmm!
Wednesday, November 4, 2009
October Stats
News Release:
KW, Nov 4, 2009: "A new record for residential sales was set in October as MLS(R) homes sales to the end of October reached 579 units. That's a 40.5% increase from Oct. 2008 and the second consecutive month that sales set a monthly record.
"October was an especialy busy month for local REALTORS (R)" according to Karen Shartun, Presidend of the KW Real Estate Board. "Last month's results represent the largest month-over-month increase we've seen all year, and now overall residential unit sales have practically caught up to 2008 figures on a year to date basis".
To read the full media release, please click here:
http://www.kwreb.on.ca/Stats/October%202009%20Media%20Release.pdf
KW, Nov 4, 2009: "A new record for residential sales was set in October as MLS(R) homes sales to the end of October reached 579 units. That's a 40.5% increase from Oct. 2008 and the second consecutive month that sales set a monthly record.
"October was an especialy busy month for local REALTORS (R)" according to Karen Shartun, Presidend of the KW Real Estate Board. "Last month's results represent the largest month-over-month increase we've seen all year, and now overall residential unit sales have practically caught up to 2008 figures on a year to date basis".
To read the full media release, please click here:
http://www.kwreb.on.ca/Stats/October%202009%20Media%20Release.pdf
Tuesday, October 27, 2009
Fire Alarms and Fall update
It's been a busy few weeks.....
I have sold 507 Exmoor, a lovely 4 bedroom home in a fantastic neighbourhood. It sold for for than 97% of it's asking price in less than a week despite some home inspection issues that arose. My seller was thrilled and sent me these to thank me and replace the ones I got a few wks back! I am so spoiled!
I've done a few offers in the past few weeks. One on an overpriced condo for C. Between the property not being the ideal one for my buyer and the seller obviously not realizing the high price we just couldn't get a meeting of the minds on that one. So, we continue to look for C. We've expanded our search into homes that C can hire a company to do the yardwork and snowremoval, thus essentially offering some of the plusses that she was looking for in a condo.
Have also done an offer on a great property for R&S. The property was very well priced (even a little bit underpriced) and conveniently situated that we weren't able to present offers for the first few days. So, when we were finally able to present there were 4 offers (1 backed out at the last minute). There's a strategy used in the Toronto area where agents don't allow offers to be presented for the first week to allow a larger number of serious buyers through in hopes of getting multiple offers on the property. This situation apparently was not making use of this strategy but simply the sellers being out of town at a family wedding for the first few days. Unfortunately for my buyers, in effect it did the same thing.....allowed for a number of serious buyers to go through the home and resulted in numerous offers....and with a house to sell, it's hard to compete.
I received a great referral from my aunt to K whom hopefully I will meet in the next few weeks. She's hoping to sell an estate home in the spring after they've worked hard to spruce it up and update it. I've heard lots of great things about her and the property so I look forward to meeting with her soon.
I also finished up my last shift at the Grand Loft Condominiums. It was a decision I took a while to make, but now that I have I really feel it was the right one for me. After almost a year of working on the project I just found that the drive to the model and the weekend hours it was taking up were just not for me. The project is a good one and will eventually sell, but I have to put my time in my resale business which is more profitable at this point.
Well, that's the scoop on biz....KW real estate still moving along nicely for the fall. Seemingly a lot of buyers out there and not as many listings.
So, lastly, tip of the day.....if you haven't gotten your air conditioner ready for the winter yet, here's my tip. Don't use those lovely plastic covers the hardware store will sell you. They simply hold in moisture and can cause your AC unit to rust faster. Simply use a large piece of plywood on top of the unit with a brick to keep out debris and snow. Also a good idea to flip the breaker for your unit and turn off the electricity to your unit for the winter. You can actually save money doing this!
Thanks for reading!
Wednesday, October 7, 2009
Google Street
Well, it's confirmed. Google Street is a little creepy! But useful nonetheless. Do you use Google Maps? I do, quite frequently. I love the satellite view and often check it out for clients. It helps show where on the street a home is located and often gives an idea of what it backs onto.
Google Street has come to Kitchener Waterloo! You can now head to Google maps and drag the little yellow man to the area on the street you'd like to view and voila! You instantly (well, almost instantly!) have the view as if you were standing in front of the houses! Very cool!
Here's a link to a youtube video explaining Google Street. Have fun exploring!
http://www.youtube.com/watch?v=lGWfvHmS0wg&feature=player_embedded#
Google Street has come to Kitchener Waterloo! You can now head to Google maps and drag the little yellow man to the area on the street you'd like to view and voila! You instantly (well, almost instantly!) have the view as if you were standing in front of the houses! Very cool!
Here's a link to a youtube video explaining Google Street. Have fun exploring!
http://www.youtube.com/watch?v=lGWfvHmS0wg&feature=player_embedded#
Friday, October 2, 2009
Reference
Received this today from some great clients I worked with this fall. What a joy!
"Thank you, Krista, for making our house buying experience an enjoyable and stress-free one. Your preparation and attention to detail both when viewing houses and when helping to draw up and negotiate an offer could not be bettered. As newcomers, and first time buyers, in Canada we really appreciated having an agent who was so patient and thorough in leading us through all the requirements for buying a house over here. Added to that we have found a new friend here!
With grateful thanks,
D&A
"Thank you, Krista, for making our house buying experience an enjoyable and stress-free one. Your preparation and attention to detail both when viewing houses and when helping to draw up and negotiate an offer could not be bettered. As newcomers, and first time buyers, in Canada we really appreciated having an agent who was so patient and thorough in leading us through all the requirements for buying a house over here. Added to that we have found a new friend here!
With grateful thanks,
D&A
Thursday, October 1, 2009
Busy Busy!!
Ok, so hardest question to answer from people is "soooooo, you been BUSY?". So subjective. In this job one can be busy all of the time if you wish. Even those with no clients are busy!
For me, this past week HAS been busy! With good stuff. Listed 507 Exmoor St. tuesday. Had 5 showings yesterday and received an offer this morning. We'll see........
Presented an offer this morning on a typical overpriced listing which neither the agent nor the seller realize is overpriced yet. No meeting of the minds quite yet. We'll see.....
Off to a 2nd showing this afternoon and possibly putting together an offer on that one later. We'll see....
Lots of fun! I was asked to write another article for the University Downs neighbourhood association newsletter. So, I have to start thinking up some ideas for the next one.....have already covered the history of our neighbourhood, and the benefit of some of the eco-energy grants available.
Got any ideas? let me know! :)
Thanks for reading!
For me, this past week HAS been busy! With good stuff. Listed 507 Exmoor St. tuesday. Had 5 showings yesterday and received an offer this morning. We'll see........
Presented an offer this morning on a typical overpriced listing which neither the agent nor the seller realize is overpriced yet. No meeting of the minds quite yet. We'll see.....
Off to a 2nd showing this afternoon and possibly putting together an offer on that one later. We'll see....
Lots of fun! I was asked to write another article for the University Downs neighbourhood association newsletter. So, I have to start thinking up some ideas for the next one.....have already covered the history of our neighbourhood, and the benefit of some of the eco-energy grants available.
Got any ideas? let me know! :)
Thanks for reading!
Sunday, September 27, 2009
Progress
What a great week! Was able to firm up D&A's great home in Kitchener.
Started working with C to find her a condo here in KW. Spent a few days checking out those on the market, ruling out those that don't fit her needs and landed on one that we may do an offer on tomorrow. It's the classic overpriced listing though, so then timing becomes important. We'll see how it goes!
I did a lot of work this week over at L's place. She's been away and not able to get her place ready, so I've been helping out with getting painters in and getting some odd jobs done. Even spent some time painting and cleaning myself! L has been extremely grateful as she was running out of time to get everything done and sent me these BEAUTIFUL fall flowers to thank me. What a treat!!! Her place will be listed tuesday and will show much better than where we started! I'm confident we should be able to sell it quickly and for much more than had we not done all of the work.
Off to for a little R&R before the weeks starts up again!
Tuesday, September 22, 2009
Fall Market
Well, it's been a busy first couple weeks of September. My kids are back in school and I'm still singing that Staples commercial..."it's the most wonderful time of the year...." (there, now you have it in your head too!).
D&A found a lovely home in Kitchener and we spent a few days trying to work out that deal. Amazingly we were able to get the sellers from a 5month close to 2 months (better for my clients) and down $8000 after only being on the market for a few days (better for my clients) and got all the appliances included yet too! Tomorrow we do the home inspection and if all goes well they'll be in their new home before December. Great news.
This morning I spent a bit of time getting some exercise and dropped about 70 flyers into the mailboxes of specific homes in R&S's preferred neighbourhood. I'm hoping to get a few calls from people thinking of selling so we can try and find a great home for R&S.
Last week I was able to attend the Re/Max Twin City Fall kickoff event. Sat thru an inspiring talk from a successful Realtor from Quebec who then encouraged us to attend his next event and sign up for coaching. Once again a reminder for me, that the whole over the top "I'm great" style of being a Realtor is just not me. I don't need to make millions to be successful. If I've chosen happiness, my family is happy, and my clients are happy than that's all the success I need. There's my 2 cents! Venting my little beef with so many of the programs out there that help Realtors.
Still getting L's place ready to list. I think there was more work to be done than time so after she called out for some help I've enlisted a few helpers to go in and get the painting done, trim up, doors rehung and hopefully ready to go for the weekend. Staging really is important. So, the more we can get done the better the place will look and hopefully the faster I can sell it for her!
This afternoon I'm off to a listing presentation. A few weeks back I took some clients thru a home in kitchener that was listed on a private sale site. There are a number of agents in town which target these private sales in hopes of getting the listing. I laughed when I saw the 1/2 a dozen or so magnets she had on the fridge from some of the 30-40 agents that had contacted her about listing! I am not one of those agents, and I think that's why she has called me to do a listing presentation for her. She's thinking of putting it on MLS since she has not been able to sell it privately. So, off to her place this afternoon to explain how I'm different.
A quick thanks to a few of you who have recently told me that you've passed my name along to someone you know who's thinking of buying or selling! Thanks so much for getting the word out there for me! Referrals really are the best compliment!
Off to do some stats for the presentation. And get cleaned up after this mornings' wet walk with flyers! Fun stuff! :)
Thx for reading!
D&A found a lovely home in Kitchener and we spent a few days trying to work out that deal. Amazingly we were able to get the sellers from a 5month close to 2 months (better for my clients) and down $8000 after only being on the market for a few days (better for my clients) and got all the appliances included yet too! Tomorrow we do the home inspection and if all goes well they'll be in their new home before December. Great news.
This morning I spent a bit of time getting some exercise and dropped about 70 flyers into the mailboxes of specific homes in R&S's preferred neighbourhood. I'm hoping to get a few calls from people thinking of selling so we can try and find a great home for R&S.
Last week I was able to attend the Re/Max Twin City Fall kickoff event. Sat thru an inspiring talk from a successful Realtor from Quebec who then encouraged us to attend his next event and sign up for coaching. Once again a reminder for me, that the whole over the top "I'm great" style of being a Realtor is just not me. I don't need to make millions to be successful. If I've chosen happiness, my family is happy, and my clients are happy than that's all the success I need. There's my 2 cents! Venting my little beef with so many of the programs out there that help Realtors.
Still getting L's place ready to list. I think there was more work to be done than time so after she called out for some help I've enlisted a few helpers to go in and get the painting done, trim up, doors rehung and hopefully ready to go for the weekend. Staging really is important. So, the more we can get done the better the place will look and hopefully the faster I can sell it for her!
This afternoon I'm off to a listing presentation. A few weeks back I took some clients thru a home in kitchener that was listed on a private sale site. There are a number of agents in town which target these private sales in hopes of getting the listing. I laughed when I saw the 1/2 a dozen or so magnets she had on the fridge from some of the 30-40 agents that had contacted her about listing! I am not one of those agents, and I think that's why she has called me to do a listing presentation for her. She's thinking of putting it on MLS since she has not been able to sell it privately. So, off to her place this afternoon to explain how I'm different.
A quick thanks to a few of you who have recently told me that you've passed my name along to someone you know who's thinking of buying or selling! Thanks so much for getting the word out there for me! Referrals really are the best compliment!
Off to do some stats for the presentation. And get cleaned up after this mornings' wet walk with flyers! Fun stuff! :)
Thx for reading!
Thursday, September 3, 2009
August Stats
August Stats are in and show that consumer confidence in Kitchener Waterloo continues to gain momentum. Although average house sales are still down my a minimal 1.7% in comparison to last year, the volume sold in Aug 2009 was a 26% increase from Aug 2008. Check out the full media release below.
http://www.kwreb.on.ca/Stats/August%202009%20Media%20Release.pdf
This week continued to be a busy week. Ongoing search for D&A resulted in a number of showings this week. One of the ones they thought they might consider sold over the weekend and another that we went for a second visit at got an offer that night. Things are moving folks especially in the $250,000-$350,000 price range.
R&S were able to view a lovely backsplit in their dream neighbourhood, but were concerned about the number of updates the home needed in order to make it suit.
W&K decided to rent their condo and have decided to put off finding a new home for their family for a few more months.
R&C are out of province and trying to decide whether to come back and purchase a condo here in town.
L is getting her 4 bedroom house ready for the market. Cleaning, painting, redoing the driveway, new flooring. It's going to look great. And I've been checking out the competition in the price range and nothing has come up for weeks. Between the staging results and the lack of competition, the money she's pouring into her home in order to sell is going to pay off. I'm even thinking I'd like to list is a few grand more than we originally thought.
And things are moving along at the Grand River Lofts. Construction has started with the replacement of all the windows. Plans are being prepped for approval and we're happy to be starting off the fall with an Agent Open House event at the Lofts Wed. Sept 9, 11-1pm. Join us if you can, refreshments will be served!
September is here. I've always found that once the kids are back to school I often get a few phonecalls out of the blue from buyers or sellers wanting to work with me. Judging from the strong August numbers, I expect this September will bring some more lovely people out of the woodwork for me to work with. Can't wait! Know someone? Pass along my name! I work solely on referrals and word of mouth.
http://www.kwreb.on.ca/Stats/August%202009%20Media%20Release.pdf
This week continued to be a busy week. Ongoing search for D&A resulted in a number of showings this week. One of the ones they thought they might consider sold over the weekend and another that we went for a second visit at got an offer that night. Things are moving folks especially in the $250,000-$350,000 price range.
R&S were able to view a lovely backsplit in their dream neighbourhood, but were concerned about the number of updates the home needed in order to make it suit.
W&K decided to rent their condo and have decided to put off finding a new home for their family for a few more months.
R&C are out of province and trying to decide whether to come back and purchase a condo here in town.
L is getting her 4 bedroom house ready for the market. Cleaning, painting, redoing the driveway, new flooring. It's going to look great. And I've been checking out the competition in the price range and nothing has come up for weeks. Between the staging results and the lack of competition, the money she's pouring into her home in order to sell is going to pay off. I'm even thinking I'd like to list is a few grand more than we originally thought.
And things are moving along at the Grand River Lofts. Construction has started with the replacement of all the windows. Plans are being prepped for approval and we're happy to be starting off the fall with an Agent Open House event at the Lofts Wed. Sept 9, 11-1pm. Join us if you can, refreshments will be served!
September is here. I've always found that once the kids are back to school I often get a few phonecalls out of the blue from buyers or sellers wanting to work with me. Judging from the strong August numbers, I expect this September will bring some more lovely people out of the woodwork for me to work with. Can't wait! Know someone? Pass along my name! I work solely on referrals and word of mouth.
Wednesday, August 26, 2009
buyers, buyers, buyers....
Back from a week of vacation and it's been full speed ahead....
Spent Monday meeting with A&D to find out what kind of home will best suit them, then booked some showings for them for tues.
Tues I spent doing showings and taking a course at the Real Estate Board....not the most informative course I've ever been in, but oh well.
Last night I was able to show R&S a backsplit in Waterloo.....and if only we could pick it up and move it and get new windows into it it would be perfect! :) lol. Sometimes I wish house hunting was more like puzzling or better yet, Lego!....just pick the pieces you want and stick them together!
Today I spent with A&D again showing them a few more possibilities. We're getting closer, but not quite there yet. They're heading out of town for the weekend so we'll pick up where we left off on monday.
Busy week so far. I'm heading to my open house at the Grand Lofts this afternoon and then looking forward to an evening in. Still trying to fold 500 loads of laundry from vacation!!
Spent Monday meeting with A&D to find out what kind of home will best suit them, then booked some showings for them for tues.
Tues I spent doing showings and taking a course at the Real Estate Board....not the most informative course I've ever been in, but oh well.
Last night I was able to show R&S a backsplit in Waterloo.....and if only we could pick it up and move it and get new windows into it it would be perfect! :) lol. Sometimes I wish house hunting was more like puzzling or better yet, Lego!....just pick the pieces you want and stick them together!
Today I spent with A&D again showing them a few more possibilities. We're getting closer, but not quite there yet. They're heading out of town for the weekend so we'll pick up where we left off on monday.
Busy week so far. I'm heading to my open house at the Grand Lofts this afternoon and then looking forward to an evening in. Still trying to fold 500 loads of laundry from vacation!!
Tuesday, August 4, 2009
Updates...
Well, as you can tell from the slowdown in my blog posts....it's summer! :) whether the weather has cooperated or not!
Things have slowed down some, but the KW real estate continues to be strong with the average single detached sale price in June almost exactly the same as the average last June. July numbers are expected to continue in the right direction.
Summer is always a little bit more a juggle with my kids home, but the joy of my job is the flexibility it provides, so it continues to be busy.
I've been busy with a number of closings this month on spring deals. I'm continuing to actively search for a backsplit in the Northlake area for S&R. Working with W&K on finding the perfect solution for giving all members of their family the right space. Still searching for the right condo townhouse for C&R in Waterloo as well as one for A&M. A&C are trying to find their perfect next home with a large lot and hopefully a pool.
The end of August will continue to get a little busier as the fall market begins and things pick up again. I have buyers D&A coming from Europe to purchase a home here closer to family. And I'll be listing L's home in a fabulous neighbourhood where homes sell quickly and for higher than many other neighbourhoods in KW....my neighbourhood! :) As well as a few closings in August as well.
And of course always looking forward to some referrals from friends and previous clients. The fall usually brings a few of those as well! :)
July numbers should be out soon.....I'll be sure to update!
Things have slowed down some, but the KW real estate continues to be strong with the average single detached sale price in June almost exactly the same as the average last June. July numbers are expected to continue in the right direction.
Summer is always a little bit more a juggle with my kids home, but the joy of my job is the flexibility it provides, so it continues to be busy.
I've been busy with a number of closings this month on spring deals. I'm continuing to actively search for a backsplit in the Northlake area for S&R. Working with W&K on finding the perfect solution for giving all members of their family the right space. Still searching for the right condo townhouse for C&R in Waterloo as well as one for A&M. A&C are trying to find their perfect next home with a large lot and hopefully a pool.
The end of August will continue to get a little busier as the fall market begins and things pick up again. I have buyers D&A coming from Europe to purchase a home here closer to family. And I'll be listing L's home in a fabulous neighbourhood where homes sell quickly and for higher than many other neighbourhoods in KW....my neighbourhood! :) As well as a few closings in August as well.
And of course always looking forward to some referrals from friends and previous clients. The fall usually brings a few of those as well! :)
July numbers should be out soon.....I'll be sure to update!
Monday, July 27, 2009
Reference
Here's a sweet reference I received from a happy client today.....
"Considering we met you by chance, we have been very happy with how everything turned out. Overall, the process of buying and selling went very smoothly due in part to your hardwork, dedication, work ethic and knowledge. You always had an answer to all our questions, were friendly and fun too! We have nothing but good things to say about you and how you conducted yourself. I'd like to say we'd use you again but I'm hoping to never have to move...way too much work!:) With that being said, we would definitely recommend you to our friends and family and of course, if for some reason we decide to move again you'll be the person we call. We love the new house and really feel like it's home..."
.....makes me so happy when my clients are happy! :)
"Considering we met you by chance, we have been very happy with how everything turned out. Overall, the process of buying and selling went very smoothly due in part to your hardwork, dedication, work ethic and knowledge. You always had an answer to all our questions, were friendly and fun too! We have nothing but good things to say about you and how you conducted yourself. I'd like to say we'd use you again but I'm hoping to never have to move...way too much work!:) With that being said, we would definitely recommend you to our friends and family and of course, if for some reason we decide to move again you'll be the person we call. We love the new house and really feel like it's home..."
.....makes me so happy when my clients are happy! :)
Wednesday, July 22, 2009
Private Buyers/Sellers
I don't like to harp on the dangers of buying and selling privately, but we hear these horror stories all the time. So, I thought I'd pass one along. Here's a true experience that was brought to our attention recently....
"Mrs. B decided to become an “instant” realtor by selling her home privately and save all that commission. A Buyer was found and the Agreement of Purchase and Sale drafted up by the (“instant" realtor) her lawyer. The offer was conditional upon financing.
Mrs. B decides to purchase a Power of Sale, and asks her lawyer how things are with the financing on her home. Her lawyer advices her that all seems in order and to make an offer on the P.O.S. which needs a “clean” offer to make it go as she is competing against another offer.
Mrs. B now has an agent to put in the offer. Agent asks Mrs. B to make sure she has her house sold. Agent is told that all is OK and to go ahead. (can you see it coming?) Mrs. B’s offer is accepted.
Mrs. B buyer however backs out of the deal on her home, due to (you guessed it) non qualifying for mortgage. Apparently her (“instant” lawyer mortgage advisor) guessed wrong.
Mrs. B still has her house for sale (privately) and owns 2 homes (soon) or will get sued."
"Mrs. B decided to become an “instant” realtor by selling her home privately and save all that commission. A Buyer was found and the Agreement of Purchase and Sale drafted up by the (“instant" realtor) her lawyer. The offer was conditional upon financing.
Mrs. B decides to purchase a Power of Sale, and asks her lawyer how things are with the financing on her home. Her lawyer advices her that all seems in order and to make an offer on the P.O.S. which needs a “clean” offer to make it go as she is competing against another offer.
Mrs. B now has an agent to put in the offer. Agent asks Mrs. B to make sure she has her house sold. Agent is told that all is OK and to go ahead. (can you see it coming?) Mrs. B’s offer is accepted.
Mrs. B buyer however backs out of the deal on her home, due to (you guessed it) non qualifying for mortgage. Apparently her (“instant” lawyer mortgage advisor) guessed wrong.
Mrs. B still has her house for sale (privately) and owns 2 homes (soon) or will get sued."
Friday, July 3, 2009
SMART RENOS
So, perhaps you've been thinking about renos.... I often get asked which renos give back the most return...which ones are "worth" doing. It's a great question, and whether you're thinking about staying put or moving it's an important aspect to keep in mind when making those reno decisions.
Here are some Re/Max stats on Smart Renos....
Bathrooms - keep it neutral and spa-like. Bathroom renos on average get you 56% better return on your money.
Landscaping - aim for low maintenance and great curb appeal. Landscaping renos on average get you 7% better return on your money.
Kitchens - plenty of cupboard space, keeping in mind entertaining and work flow. Kitchen renos on average get you 44% better return on your money.
Flooring - neutral, neutral, neutral. Flooring renos on average get you 22% better return on your money.
Painting - again, keep it neutral, use your splashes of color in your accessories. Painting renos get you 29% better return on your money.
So, there you have it. Kitchens and baths have the most value to a buyer and doing those renos can get you the best return on your money, especially if you're willing to roll up those sleeves and become a little handy yourself! :)
Want more indepth info on this topic?
http://www.remax.ca/Reno/
Here are some Re/Max stats on Smart Renos....
Bathrooms - keep it neutral and spa-like. Bathroom renos on average get you 56% better return on your money.
Landscaping - aim for low maintenance and great curb appeal. Landscaping renos on average get you 7% better return on your money.
Kitchens - plenty of cupboard space, keeping in mind entertaining and work flow. Kitchen renos on average get you 44% better return on your money.
Flooring - neutral, neutral, neutral. Flooring renos on average get you 22% better return on your money.
Painting - again, keep it neutral, use your splashes of color in your accessories. Painting renos get you 29% better return on your money.
So, there you have it. Kitchens and baths have the most value to a buyer and doing those renos can get you the best return on your money, especially if you're willing to roll up those sleeves and become a little handy yourself! :)
Want more indepth info on this topic?
http://www.remax.ca/Reno/
Tuesday, June 23, 2009
LOFTS VIRTUAL TOUR AND NEW HOMES
I'm up early this morning and couldn't get back to sleep....a rare phenomena for me! I like to sleep in! So, figured I'd spend some time updating things here.
Alison, Kathi and I are in full swing at the Grand Lofts at 25 Concession St. now. We've got the pictures and virtual tour done. We had a professional come in and do them (jury may still be out, but I think I still like my own better! :).
So, take a peek http://www.venturehomes.ca/VirtualTour.asp?TourID=16428
The model at 25 Concession St. is open Sat, Sun, Mon 2-4, and Wed 5-7. Come and check it out! (I'm there tomorrow!)
This morning I'm heading to meet S&T at a model home as they prepare to put a deposit down on a new home. Often buyers go into model homes and feel that the expected process is that you just deal with the agent at the model. One thing to remember is that the agent there is working for the seller/developer not you. There is the odd builder that will give you a better deal if you don't bring your own agent in, but nowadays those builders are rare in KW. The benefit of bringing your own agent in is that although there is very little room to negotiate with new home prices, sometimes there is with upgrades. And having your own agent gives you an objective opinion on the builder you're contemplating, the pros/cons of the floor plan or upgrades you may be choosing. Also, which updates are better done with the builder and which are better done on your own after possession. And generally, having someone with your best interests in mind as you walk thru the process is a real asset. Certainly, if you're considering purchasing new it's still wise to call your own agent (well, me, of course! :).
Alison, Kathi and I are in full swing at the Grand Lofts at 25 Concession St. now. We've got the pictures and virtual tour done. We had a professional come in and do them (jury may still be out, but I think I still like my own better! :).
So, take a peek http://www.venturehomes.ca/VirtualTour.asp?TourID=16428
The model at 25 Concession St. is open Sat, Sun, Mon 2-4, and Wed 5-7. Come and check it out! (I'm there tomorrow!)
This morning I'm heading to meet S&T at a model home as they prepare to put a deposit down on a new home. Often buyers go into model homes and feel that the expected process is that you just deal with the agent at the model. One thing to remember is that the agent there is working for the seller/developer not you. There is the odd builder that will give you a better deal if you don't bring your own agent in, but nowadays those builders are rare in KW. The benefit of bringing your own agent in is that although there is very little room to negotiate with new home prices, sometimes there is with upgrades. And having your own agent gives you an objective opinion on the builder you're contemplating, the pros/cons of the floor plan or upgrades you may be choosing. Also, which updates are better done with the builder and which are better done on your own after possession. And generally, having someone with your best interests in mind as you walk thru the process is a real asset. Certainly, if you're considering purchasing new it's still wise to call your own agent (well, me, of course! :).
Thursday, June 18, 2009
Great People I refer to....
As you know, I receive most of my business through referrals. Clients, friends, acquaintances, letting others know that I am a real estate agent and that I'm good! :)
I, in turn, find this practice to be very important in how I deal with others as well. Nothing makes me happier than to pass on the name of a professional whom I have had a good experience with for someone else to experience.
And in my line of work I'm often asked for the name of a good professional or trades person that you can rely on. Some of these are real estate related...and some not! Generally, I feel that if someone gives me outstanding customer service and does their job well, then they deserve to be referred!
Just be sure to let them know that I referred you to them! :) Here are just a few to get you started.....I'll add more to this as time goes on....
FLOORING:
Fred Ayoubi - Factory Flooring 519-571-0550
- Dave and I (that's hubby) have used Fred a number of times of the years. We were pleasantly surprised that the carpet installers 6 yrs after the first time we used them were still the same guys! Quality work for sure! Factory Flooring has competitive prices (and they'll match other companies if you find a sale) and I've had great experiences with their installers.
Just tell Fred you want the best Krista rate he can give you!....he'll laugh, but he will be kind!
PHOTOGRAPHY:
Click Photography - Christine Kufske http://www.clickphotography.ca/
- I have hired Christine to do my business pics, and family pics.....a few times! LOVE HER! Great to work with, great sense of humour and she has a real talent for photography.
She'll go to where ever you want her to as well! She did my biz pics in my living room.....just cuz she liked it!
HOME INSPECTIONS:
Denise Larocque - Amerispec http://www.amerispecnet.ca/lma/story.cfm?story=news&headline=Meet_the_office
I've had the opportunity to follow many home inspectors in the past few years. Some of them great and some of them....not so great.... Usually I recommend a few to my clients so they can choose for themselves. Denise's name is always passed along. She has a real knack for explaining things really well, especially to first time buyers. She's also very good about being quite realistic about issues that pop up. Not afraid to point out the "scarier" ones, but definitely in such a way that is objective and informational.
JEWELLERY:
Jennifer http://www.justperfectdesigns.com/
I've got a new addiction to Jennifer's jewellery! Yep, all the teachers this year are getting 'em! (ok, except for the male teacher....his wife might appreciate it, but he's getting movie tickets instead!)
Jennifer designs the jewellery, makes it, and it's all out of sterling silver and great prices. You might have caught her at the Waterloo Arts Festival last weekend or seen her Jewellery in and around KW and St. Jacob's. Check out her website and see what she's got! And if you have something specific in mind, don't be afraid to ask her to design something. She's working on a piece for our Breastperate Housewives Team (we walk for the Run for the Cure for Breast Cancer in the fall) to sell and raise money for research (stay tuned...once it's available I'll be sure to mention it again!)
Looking for someone for a specific job? Don't hesitate to pop me an email and I'd be happy to pass along the name of someone I know who does a great job! And if you know someone looking at buying or selling a property, please pass along my name! :) Thx!
I, in turn, find this practice to be very important in how I deal with others as well. Nothing makes me happier than to pass on the name of a professional whom I have had a good experience with for someone else to experience.
And in my line of work I'm often asked for the name of a good professional or trades person that you can rely on. Some of these are real estate related...and some not! Generally, I feel that if someone gives me outstanding customer service and does their job well, then they deserve to be referred!
Just be sure to let them know that I referred you to them! :) Here are just a few to get you started.....I'll add more to this as time goes on....
FLOORING:
Fred Ayoubi - Factory Flooring 519-571-0550
- Dave and I (that's hubby) have used Fred a number of times of the years. We were pleasantly surprised that the carpet installers 6 yrs after the first time we used them were still the same guys! Quality work for sure! Factory Flooring has competitive prices (and they'll match other companies if you find a sale) and I've had great experiences with their installers.
Just tell Fred you want the best Krista rate he can give you!....he'll laugh, but he will be kind!
PHOTOGRAPHY:
Click Photography - Christine Kufske http://www.clickphotography.ca/- I have hired Christine to do my business pics, and family pics.....a few times! LOVE HER! Great to work with, great sense of humour and she has a real talent for photography.
She'll go to where ever you want her to as well! She did my biz pics in my living room.....just cuz she liked it!
HOME INSPECTIONS:
Denise Larocque - Amerispec http://www.amerispecnet.ca/lma/story.cfm?story=news&headline=Meet_the_office
I've had the opportunity to follow many home inspectors in the past few years. Some of them great and some of them....not so great.... Usually I recommend a few to my clients so they can choose for themselves. Denise's name is always passed along. She has a real knack for explaining things really well, especially to first time buyers. She's also very good about being quite realistic about issues that pop up. Not afraid to point out the "scarier" ones, but definitely in such a way that is objective and informational.
JEWELLERY:
Jennifer http://www.justperfectdesigns.com/
I've got a new addiction to Jennifer's jewellery! Yep, all the teachers this year are getting 'em! (ok, except for the male teacher....his wife might appreciate it, but he's getting movie tickets instead!)
Jennifer designs the jewellery, makes it, and it's all out of sterling silver and great prices. You might have caught her at the Waterloo Arts Festival last weekend or seen her Jewellery in and around KW and St. Jacob's. Check out her website and see what she's got! And if you have something specific in mind, don't be afraid to ask her to design something. She's working on a piece for our Breastperate Housewives Team (we walk for the Run for the Cure for Breast Cancer in the fall) to sell and raise money for research (stay tuned...once it's available I'll be sure to mention it again!)
Looking for someone for a specific job? Don't hesitate to pop me an email and I'd be happy to pass along the name of someone I know who does a great job! And if you know someone looking at buying or selling a property, please pass along my name! :) Thx!
Sunday, June 14, 2009
Eco-Energy Audits
Eco-Energy Audits:
Do you own a house that's 15, 20, 25+ yrs old? Then listen up! There's free money to be had!
Did you know that you can collect money from government grants just for doing upgrades to your house that you'd likely be doing anyway! If you're thinking about replacing a furnace, air conditioner, windows don't do it before looking into getting an Eco-Energy audit. Basically how it works is that you hire a qualified inspector (ie. Amerispec is a great company!). They come in and assess your home and give you recommendations as to how to make your home more eco-energy friendly. You then have an 18 month period to do some or all of these recommendations. Call the inspector back and they apply for the appropriate grants on your behalf. The cool thing is that the provincial government will match what the federal government s offering. And in March of this yr they upped their grants by 25%!
Does it work? Well, that's just say that if you're planning on doing the reno's anyway, you can use the grants to put in more eco-energy friendly products (ie. higher efficiency furnaces, energy star windows) without the extra cost. I've had some clients who ended up getting more money back than the reno's cost because they did it themselves (ie. in the case of adding extra insulation).
Check it out for yourself and certainly if you have questions or would like me to recommend a qualified inspector just let me know!
http://oee.nrcan.gc.ca/residential/personal/home-improvement.cfm?attr=0
http://www.en.amerispec.ca/specialty-services/new-ecoenergy-retrofit-initiative
Do you own a house that's 15, 20, 25+ yrs old? Then listen up! There's free money to be had!
Did you know that you can collect money from government grants just for doing upgrades to your house that you'd likely be doing anyway! If you're thinking about replacing a furnace, air conditioner, windows don't do it before looking into getting an Eco-Energy audit. Basically how it works is that you hire a qualified inspector (ie. Amerispec is a great company!). They come in and assess your home and give you recommendations as to how to make your home more eco-energy friendly. You then have an 18 month period to do some or all of these recommendations. Call the inspector back and they apply for the appropriate grants on your behalf. The cool thing is that the provincial government will match what the federal government s offering. And in March of this yr they upped their grants by 25%!
Does it work? Well, that's just say that if you're planning on doing the reno's anyway, you can use the grants to put in more eco-energy friendly products (ie. higher efficiency furnaces, energy star windows) without the extra cost. I've had some clients who ended up getting more money back than the reno's cost because they did it themselves (ie. in the case of adding extra insulation).
Check it out for yourself and certainly if you have questions or would like me to recommend a qualified inspector just let me know!
http://oee.nrcan.gc.ca/residential/personal/home-improvement.cfm?attr=0
http://www.en.amerispec.ca/specialty-services/new-ecoenergy-retrofit-initiative
Wednesday, June 10, 2009
Reference Letters
Ok, so a few people have told me I need to post some of my reference letters here. I often get letters or notes from clients who have been happy with my services (sometimes they even send them to my boss!). Here are a few of my most recent. I guess I'll let my clients toot my horn for me! :) Thx for reading!
"Dear Adrian, (my boss)
We first met Krista at an Open House over a year ago while looking for a condo. Although she offered to work with us, we were reluctant based on previous experiences with several other agents. After a short discussion during which she explained how she works, we agreed. In her quiet self-confident manner she assured us she could and would meet our needs. It was one of the best decisions we've ever made.
During or search for the "perfect" condo, Krista always answered emails promptly and always made sure we were informed of new listings in a timely manner. She showed us each and every condo we requested to view, always greeting us with a warm smile and a cheerful hello. She was so gracious that we were never made to feel that we were inconveniencing her in any way. She told us it was a pleasure to show us anything we wanted to see.
When viewing listings her keen eye would often spot details that we hadn't noticed. She would draw these to our attention sow we could consider future implications. She always had all the angles covered.
We quickly became accustomed to her professionalism, and although we decided not to purchase a property at this point, we knew that she was the one we wanted to list my parents' house. Both (my husband) and I had complete confidence that if she couldn't get the job done, nobody could. How right we were!
When faced with the task of pricing this house, Krista was in a difficult position because of the lack of real comparables. We sincerely appreciated the fact that she sought your opinion and invited you to view the house. Yet another example of how she goes the extra mile to do the best job possible for her clients.
Throughout the whole process she has kept us well informed and has consistently looked out for our best interests. Her kind, patient, and calm manner helped keep us focused through what could have been a very stressful process. I should also mention how much we both appreciated her gentle sense of humour. What an asset!
We had high expectations of Krista when we began working with her. I can't begin to tell you how much she exceeded them. It was certainly a great pleasure getting to know her. Your company is indeed extremely fortunate to have her. " - C&R
"Dear Krista,
We can't tell you how HAPPY we are about the results of our buying and selling adventures with you! Thank you for making it so easy and for your honesty and integrity throughout the whole process. We are SO IMPRESSED! We'll be sure to recommend you every chance we get! " M&S
"Dear Adrian, (my boss)
We first met Krista at an Open House over a year ago while looking for a condo. Although she offered to work with us, we were reluctant based on previous experiences with several other agents. After a short discussion during which she explained how she works, we agreed. In her quiet self-confident manner she assured us she could and would meet our needs. It was one of the best decisions we've ever made.
During or search for the "perfect" condo, Krista always answered emails promptly and always made sure we were informed of new listings in a timely manner. She showed us each and every condo we requested to view, always greeting us with a warm smile and a cheerful hello. She was so gracious that we were never made to feel that we were inconveniencing her in any way. She told us it was a pleasure to show us anything we wanted to see.
When viewing listings her keen eye would often spot details that we hadn't noticed. She would draw these to our attention sow we could consider future implications. She always had all the angles covered.
We quickly became accustomed to her professionalism, and although we decided not to purchase a property at this point, we knew that she was the one we wanted to list my parents' house. Both (my husband) and I had complete confidence that if she couldn't get the job done, nobody could. How right we were!
When faced with the task of pricing this house, Krista was in a difficult position because of the lack of real comparables. We sincerely appreciated the fact that she sought your opinion and invited you to view the house. Yet another example of how she goes the extra mile to do the best job possible for her clients.
Throughout the whole process she has kept us well informed and has consistently looked out for our best interests. Her kind, patient, and calm manner helped keep us focused through what could have been a very stressful process. I should also mention how much we both appreciated her gentle sense of humour. What an asset!
We had high expectations of Krista when we began working with her. I can't begin to tell you how much she exceeded them. It was certainly a great pleasure getting to know her. Your company is indeed extremely fortunate to have her. " - C&R
Monday, June 8, 2009
Investment Opportunity
Well, I think I've happened upon the one of the best investment opportunities available! :)
About 2 yrs ago a number of members of our neighbourhood started talking about renovating our local playground. It was 16 yrs old, had a metal slide, and the only ways to get up involved big rubber tires and chain link ladders! Not sure they even had kids in mind when they put this one in!
About a yr ago we started meeting with reps from the city to see what we could do about it. $40,000 (see sponsor sign to the left)and about a yr later our dreams have come to fruition.
Saturday our community got together and put in a brand new playground! Working hard together alongside city workers (including our Regional Councillor, Mark Whaley), members of the Kiwanis club, Conestoga fire fighter students, and large numbers of the immediate neighbourhood, we got the job done!
The new engineered mulch will be way better to fall on than sand....you know.....if you're going to fall, you may as well have a soft landing!
Group shot of just some of the volunteers out for the build.
Later we celebrated with our 2nd annual "Party in the Park" with games and crafts for the kids, silent auction, book exchange, bouncy castle, magician, and of course food.
Great times!
This build will no doubt impact property values, but more importantly has helped develop our sense of community. Fantastic investment!
Wednesday, June 3, 2009
A Day in the Life.....and May Stats
The past few days have been a whirlwind of busyness!
Yesterday I spent the morning at a Seminar put on by some of the top producers in KW/Cambridge from Re/Max Twin City. 4 panelists sharing their secrets as to how they make their millions..... you know....hire an assistant, plaster your face on buses, drop flyers in 20,000 homes every month....wow! I learned a few things.....A. you need money to make money! lol. Marketing oneself to death is expensive! And B. it's just not me. Only one of the 4 panelists works with the style that I do. Most of his business comes from referrals and repeat business...he doesn't advertise himself at all.... That's more my style. Sorry folks...you won't be seeing my face plastered on highway billboards, but you will get great customer service and you will want to tell your friends about me. Promise! :)
Last night I received an offer on my newest listing. Thought we were pretty far apart to start with but we were able to bring them up and in the end I think got a pretty good price in a very short amount of time (1 week!).
Today we had a breakfast meeting for our office. Our broker at Re/Max Twin City treats us to breakfast months that we break last years record for the same month. With the economy the way it has been let's just say there haven't been too many breakfasts as of late! But last month in KW sales were up almost 10% from last May and the average price of a home in KW was up .3% from last May. KW is definitely holding it's own in this economy! And Re/Max Twin City was leading the way, breaking our record last year as well.
I also had the privilege of checking out the Agent Open house at the new condo units at 144 Park Street. A beautiful project of high end condos close to the border of Kitchener/Waterloo (near the hospital).
This afternoon I spent at a meeting with the University Downs Neighbourhood Association Park Renovation committee (boy that's a mouthful!) and reps from the city of Waterloo. Just wrapping up loose ends before Saturday when we do our big park build! Can't wait! It's been our dream to get a new playground in on Auburn Drive. We've raised the money and together with the city organized our big build for this Saturday along with our 2nd Annual Party in the Park. Should be a good time....realizing our dream!
Then it was off to the school to be a good mom and check out my kidlets at Track and Field day! They were good and tired tonight!! :)
Then back to the office, off to get signatures on an offer, dropping off the offer, back to the office to finish up the last of the condo listings, then off to Cambridge to meet my partners and the developer of the Grand Condominiums (http://www.thegrandlofts.ca/about.html) to have him sign the listings, ready for MLS tomorrow. Still some prep work to do on marketing, pics, and virtual tour before the Agent open house, but things are coming along nicely and I'm looking forward to selling some of these great lofts!
Back home in time to put my munchkins to bed. Phew. Thankfully not every day is quite so jam packed! :) Now I'm definitely off to relax and hit the hay! Night all!
Yesterday I spent the morning at a Seminar put on by some of the top producers in KW/Cambridge from Re/Max Twin City. 4 panelists sharing their secrets as to how they make their millions..... you know....hire an assistant, plaster your face on buses, drop flyers in 20,000 homes every month....wow! I learned a few things.....A. you need money to make money! lol. Marketing oneself to death is expensive! And B. it's just not me. Only one of the 4 panelists works with the style that I do. Most of his business comes from referrals and repeat business...he doesn't advertise himself at all.... That's more my style. Sorry folks...you won't be seeing my face plastered on highway billboards, but you will get great customer service and you will want to tell your friends about me. Promise! :)
Last night I received an offer on my newest listing. Thought we were pretty far apart to start with but we were able to bring them up and in the end I think got a pretty good price in a very short amount of time (1 week!).
Today we had a breakfast meeting for our office. Our broker at Re/Max Twin City treats us to breakfast months that we break last years record for the same month. With the economy the way it has been let's just say there haven't been too many breakfasts as of late! But last month in KW sales were up almost 10% from last May and the average price of a home in KW was up .3% from last May. KW is definitely holding it's own in this economy! And Re/Max Twin City was leading the way, breaking our record last year as well.
I also had the privilege of checking out the Agent Open house at the new condo units at 144 Park Street. A beautiful project of high end condos close to the border of Kitchener/Waterloo (near the hospital).
This afternoon I spent at a meeting with the University Downs Neighbourhood Association Park Renovation committee (boy that's a mouthful!) and reps from the city of Waterloo. Just wrapping up loose ends before Saturday when we do our big park build! Can't wait! It's been our dream to get a new playground in on Auburn Drive. We've raised the money and together with the city organized our big build for this Saturday along with our 2nd Annual Party in the Park. Should be a good time....realizing our dream!
Then it was off to the school to be a good mom and check out my kidlets at Track and Field day! They were good and tired tonight!! :)
Then back to the office, off to get signatures on an offer, dropping off the offer, back to the office to finish up the last of the condo listings, then off to Cambridge to meet my partners and the developer of the Grand Condominiums (http://www.thegrandlofts.ca/about.html) to have him sign the listings, ready for MLS tomorrow. Still some prep work to do on marketing, pics, and virtual tour before the Agent open house, but things are coming along nicely and I'm looking forward to selling some of these great lofts!
Back home in time to put my munchkins to bed. Phew. Thankfully not every day is quite so jam packed! :) Now I'm definitely off to relax and hit the hay! Night all!
Monday, June 1, 2009
407-225 Harvard Place and Grand Lofts
NEW LISTING:
Last week I listed a cute 2 bedroom condo in Waterloo (close to Glenridge plaza). 2 bedrooms, 2 bathrooms, updated carpet, neutral decor, and a great buy at $134,900 mls 0925140. The condo fees are $450/month, but this amazingly includes all your heating, water, maintenance costs. Basically, you pay your phone, internet, and cable. Not a bad deal.
Check out the virtual tour: http://vt.realbiz360.com/Listing-165821.html
Saturday I joined about 20 agents from KW in doing some road clean up. We met for breakfast at Angie's Kitchen out in St. Agatha and then proceeded with gloves and garbage bags to clean up a few stretches of road out that way. Looks nice and clean now!! :) Thx to Karen for organizing and to Nitin for being my partner!
This week should prove to be a busy week.... setting up some appointments with some buyers looking for a bungalow condo in a reasonable price range....not the easiest to come by! I've often said to my hubby, if I were a builder I'd be building bungalow condos in the $250-300000 price range wherever I could get my hands on land! Huge demand, especially in Waterloo.
I have a referral to pass off to an agent out of town. This person doesn't know an agent where they're wanting to move to. So, I'll be doing some digging, making some phone calls to my contacts, and try to set them up with an agent that has high standards and great work ethic for them.
This afternoon I'm off to my open house at the model lofts in Cambridge.
This loft project is located at 25 Concession Rd. We're open Sat, Sun, Mon 2-4, and Wed, 5-7. It's an old machinery building located within steps from the river, Uof W School of Architecture, and Southworks Outlets. The developer will be transforming two historical buildings into fantastic condo units. Some with lofts, 1-3 bedroom, and listed from $189,900 right up to $500,000.
We're working on getting the listings on MLS this week (man, that's a lot of work!!!!) and getting the virtual tour done soon as well. In the meantime, come join Kathi Dick, Alison Livingstone, or myself (all reps from Re/Max Twin City) at the model and check it out. It's beautiful!!
Thanks for reading everyone!
Last week I listed a cute 2 bedroom condo in Waterloo (close to Glenridge plaza). 2 bedrooms, 2 bathrooms, updated carpet, neutral decor, and a great buy at $134,900 mls 0925140. The condo fees are $450/month, but this amazingly includes all your heating, water, maintenance costs. Basically, you pay your phone, internet, and cable. Not a bad deal.
Check out the virtual tour: http://vt.realbiz360.com/Listing-165821.html
Saturday I joined about 20 agents from KW in doing some road clean up. We met for breakfast at Angie's Kitchen out in St. Agatha and then proceeded with gloves and garbage bags to clean up a few stretches of road out that way. Looks nice and clean now!! :) Thx to Karen for organizing and to Nitin for being my partner!
This week should prove to be a busy week.... setting up some appointments with some buyers looking for a bungalow condo in a reasonable price range....not the easiest to come by! I've often said to my hubby, if I were a builder I'd be building bungalow condos in the $250-300000 price range wherever I could get my hands on land! Huge demand, especially in Waterloo.
I have a referral to pass off to an agent out of town. This person doesn't know an agent where they're wanting to move to. So, I'll be doing some digging, making some phone calls to my contacts, and try to set them up with an agent that has high standards and great work ethic for them.
This afternoon I'm off to my open house at the model lofts in Cambridge.
This loft project is located at 25 Concession Rd. We're open Sat, Sun, Mon 2-4, and Wed, 5-7. It's an old machinery building located within steps from the river, Uof W School of Architecture, and Southworks Outlets. The developer will be transforming two historical buildings into fantastic condo units. Some with lofts, 1-3 bedroom, and listed from $189,900 right up to $500,000.
We're working on getting the listings on MLS this week (man, that's a lot of work!!!!) and getting the virtual tour done soon as well. In the meantime, come join Kathi Dick, Alison Livingstone, or myself (all reps from Re/Max Twin City) at the model and check it out. It's beautiful!!
Thanks for reading everyone!
Wednesday, May 27, 2009
FIT TO SELL
Buyers take 3 things into consideration when viewing a property. Location, Price, and Condition.
Location: you can't change. Either it's acceptable to the buyer or not.
We have control over Price (that's my job) and Condition.
These days home sellers are inundated with information on staging homes. Properly staged homes are proven to sell for more and sell faster than their unstaged counterparts. I can vouch for that! In this market the properties that are selling...often with multiple offers, are the ones that buyers can imagine moving into and not having to do a thing to them.
Take a peek at this listing I had in April. It sold for more than asking price with multiple offers!
http://vt.realbiz360.com/Listing-129446.html
The problem is that often people associate staging with money! The cost of a stager, renting/buying new furniture, repairs, often scare people off.
Re/Max is launching a new program unique to our brokerages. It's called "Fit To Sell" and it's designed to help homeowners prepare their own home for selling. It can be used in conjunction with a home stager.
In the case of many of my sellers, instead of a professional stager, we work together to stage their home appropriately to maximize the speed and price that the property will sell for. Thus far I have not used the professional services of a stager. Although I'm certainly not against it, I often find homeowners want to keep their costs down. So, I work with my clients to get their home ready to sell using furniture they have around the house, or that can be borrowed. I try to make suggestions based on what's appropriate for my clients' budget. And I know what items get the most return and which items you won't. Anyone who knows me knows I like to save money...and helping my clients save money too!
The clips for the Fit To Sell program are available at http://www.remaxtwincity.ca/viewcustompage.php?id=3375
If you're thinking about selling your home, take a peek at the clips. They'll get you thinking about things in a way that will help you begin the process. Then, call me. When I come in to do a market evaluation of your property we'll go through some of the checklists and you can borrow my "Stage Your Own Home" dvd's to get you going.
Time and money spent in prepping a property for sale go a LONG way in ultimately selling your property faster and for more money.
Location: you can't change. Either it's acceptable to the buyer or not.
We have control over Price (that's my job) and Condition.
These days home sellers are inundated with information on staging homes. Properly staged homes are proven to sell for more and sell faster than their unstaged counterparts. I can vouch for that! In this market the properties that are selling...often with multiple offers, are the ones that buyers can imagine moving into and not having to do a thing to them.
Take a peek at this listing I had in April. It sold for more than asking price with multiple offers!
http://vt.realbiz360.com/Listing-129446.html
The problem is that often people associate staging with money! The cost of a stager, renting/buying new furniture, repairs, often scare people off.
Re/Max is launching a new program unique to our brokerages. It's called "Fit To Sell" and it's designed to help homeowners prepare their own home for selling. It can be used in conjunction with a home stager.
In the case of many of my sellers, instead of a professional stager, we work together to stage their home appropriately to maximize the speed and price that the property will sell for. Thus far I have not used the professional services of a stager. Although I'm certainly not against it, I often find homeowners want to keep their costs down. So, I work with my clients to get their home ready to sell using furniture they have around the house, or that can be borrowed. I try to make suggestions based on what's appropriate for my clients' budget. And I know what items get the most return and which items you won't. Anyone who knows me knows I like to save money...and helping my clients save money too!
The clips for the Fit To Sell program are available at http://www.remaxtwincity.ca/viewcustompage.php?id=3375
If you're thinking about selling your home, take a peek at the clips. They'll get you thinking about things in a way that will help you begin the process. Then, call me. When I come in to do a market evaluation of your property we'll go through some of the checklists and you can borrow my "Stage Your Own Home" dvd's to get you going.
Time and money spent in prepping a property for sale go a LONG way in ultimately selling your property faster and for more money.
Monday, May 25, 2009
Revisits and Blog Stalkers
Well, I hope you have all had an enjoyable weekend. I had a little work and a little pleasure too. Sat. I had my first open house at my new loft project in Cambridge. Once I have pics and the virtual tour up and running I'll be sure to fill you in on this really cool endeavour. (The model suite is gorgeous!).
Dinner with some clients and the mutual friends who referred them, was a lot of fun on Sat. night.
Revisits: Today I had the pleasure of taking 2 families back to the homes they've purchased for another viewing. First, this morning, D&S brought all 4 of their parents along to see their cute place in Baden. I knew the home had passed the "parent test" when both moms said "good job, kids, you bought a great house!". Phew! lol. Funny how parents can call grown adults, kids, eh? Cute!
Then this evening I was able to take M&S back to their beautiful home in Waterloo. They brought along a decorator to get some ideas for colours and furniture placement.
Funny experience though...as we're hanging in the front room pondering paint swatches we here a faint "coo, coo" coming from the fireplace. Yep, apparently they have a bird who's taken up residency in the chimney. Thankfully, the current owners were around and assure us they'll "help" the birdie find a new home before closing!!! lol. Never a dull moment....
Stalkers: So, it seems there's a few of you out there who are checking in with the blog quite frequently yet not commenting.....you know who you are!!! :) well, that's allowed. Blog stalkers are welcome here. Thanks for reading, and thanks for for the comments....on the site or in person, they're both appreciated! :)
Dinner with some clients and the mutual friends who referred them, was a lot of fun on Sat. night.
Revisits: Today I had the pleasure of taking 2 families back to the homes they've purchased for another viewing. First, this morning, D&S brought all 4 of their parents along to see their cute place in Baden. I knew the home had passed the "parent test" when both moms said "good job, kids, you bought a great house!". Phew! lol. Funny how parents can call grown adults, kids, eh? Cute!
Then this evening I was able to take M&S back to their beautiful home in Waterloo. They brought along a decorator to get some ideas for colours and furniture placement.
Funny experience though...as we're hanging in the front room pondering paint swatches we here a faint "coo, coo" coming from the fireplace. Yep, apparently they have a bird who's taken up residency in the chimney. Thankfully, the current owners were around and assure us they'll "help" the birdie find a new home before closing!!! lol. Never a dull moment....
Stalkers: So, it seems there's a few of you out there who are checking in with the blog quite frequently yet not commenting.....you know who you are!!! :) well, that's allowed. Blog stalkers are welcome here. Thanks for reading, and thanks for for the comments....on the site or in person, they're both appreciated! :)
Wednesday, May 20, 2009
New House/Old House
Yesterday I attended a course put on at the KW Real Estate Board, entitled "New House/Old House".
A few tips I was reminded of...
Roofs:
* save yourselves some money when you put on new shingles....20 yr, 30 yr, 40 yr...doesn't really matter it's much more about your location to sun and trees and how the shingles are installed. No matter what the ashphalt shingle you can count on 15-20 yrs-ISH.
Don't however save money by having the roofer install shingles over the previous shingles. Just not worth it, in the end this will shorten the lifespan of your shingles. Have the old layer removed before installing the next and be sure to have them install plenty of ventilation!
Air Conditioners:
* like the looks of that tidy central air cover for the winter? Don't bother. It keeps moisture in which then can corrode your components. Instead a simple piece of plywood and a brick on the top to keep things from getting in is all you need to winterize it.
Retro-Foam:
* if you were one of the 700 homes in KW that had Retrofoam insulation put into your home in the past few years you should be contacting the government about the recall on it.
The rest of my day yesterday I spent getting ready to list a condo project on friday (exciting project...will fill in soon!) and doing a market evaluation for a cute little condo in Waterloo.
That's it, that's all! Enjoy the sun everyone!
A few tips I was reminded of...
Roofs:
* save yourselves some money when you put on new shingles....20 yr, 30 yr, 40 yr...doesn't really matter it's much more about your location to sun and trees and how the shingles are installed. No matter what the ashphalt shingle you can count on 15-20 yrs-ISH.
Don't however save money by having the roofer install shingles over the previous shingles. Just not worth it, in the end this will shorten the lifespan of your shingles. Have the old layer removed before installing the next and be sure to have them install plenty of ventilation!
Air Conditioners:
* like the looks of that tidy central air cover for the winter? Don't bother. It keeps moisture in which then can corrode your components. Instead a simple piece of plywood and a brick on the top to keep things from getting in is all you need to winterize it.
Retro-Foam:
* if you were one of the 700 homes in KW that had Retrofoam insulation put into your home in the past few years you should be contacting the government about the recall on it.
The rest of my day yesterday I spent getting ready to list a condo project on friday (exciting project...will fill in soon!) and doing a market evaluation for a cute little condo in Waterloo.
That's it, that's all! Enjoy the sun everyone!
Saturday, May 16, 2009
MCM Architecture and Mannheim
MID CENTURY MODERN ARCHITECTURE:Last month I had the pleasure of selling the home above. It has beautiful wood beamed ceilings and upper windows, in typical Mid-Century Modern architecture. I had quite a bit of interest in this property and sold it very quickly for very close to asking price.
Yesterday I came across another home in KW with similar architectural design, not quite as nice, but a nice location. I had a large number of buyers come thru my open house last month and two gentlemen in particular who quite obviously really apprectiated the architecture of the home. So, I've popped them an email about this new one to see if they're interested.
MANNHEIM: Just got back from some showings in the lovely village of Mannheim. Mannheim is a neat little place with a newer area with some very expensive homes (some custom built easily 700-over a mil), as well as an older section with some slightly less expensive homes (300-600ish).
The lure of Mannheim is often the property size, large lots that are just much harder to find in the city. It's convenient to the expressway as well as to the west side of Kitchener (only a few minutes to the Sunrise centre! :). Interestingly enough, the area of newer homes is hooked up to municipal sewage, but if you're looking in the older section, those homes usually have their own septic tanks. One of the main concerns with septic is often where it is located in relation to your water source (wells). Thankfully in Mannheim most of the homes are hooked up to municipal water.
That's it for today! Not sure I'm going to be able to post something interesting EVERY day but certainly come back and check in again! And please leave comments or questions for that matter! I'd love to know what everyone would like to hear more about.
Enjoy your long weekend!
Friday, May 15, 2009
Welcome!
Well, a girlfriend of mine recently gave me the idea of starting a blog for Real Estate. So, here I am. Not entirely sure what I will put on this, so if you have suggestions by all means let me know what you'd like to see! But I thought it would be a great way to share some experiences and tidbits that I learn each day on the job.
Yesterday, I spent the morning in a mortgage course put on by Genworth (they insure high ratio or low downpayment mortgages). Learned a bit about some of the changes that have happened with the shifts in our economy.
All in all it was a good day yesterday. I was able to complete the last of the paperwork firming up A&D's purchase of their new home in Waterloo. We listed their home on Friday and had it sold firm by Wednesday. Let's just say we were all pleased! I'm sure they will enjoy moving into their new home. It needs a bit of work but has a beautiful piece of property!
Also, had the pleasure of receiving a call from another referral yesterday. I'll be meeting with A&C on Saturday to begin their search for a new home.
As many of you know, referrals are how I get business. It's such a joy and an honour for me when a friend or previous client pass my name along to someone else.
Well, I'll close up with a few interesting facts from my course.... Enjoy! :)
MORTGAGES: In the US, they don't require insurance for high ratio mortgages like we do here. In Canada, if you have less than 20% down you are required to get the loan insured (CMHC or Genworth).
In the US those mortgages made up 35% of their mortgages. In Canada? only 3-5%. One of the reasons our economy seems to be holding up better.
CREDIT SCORE: Ever wondered what your credit score (Beacon Rating) is? You can fill in this form and send it in and Equifax will give it to you. http://www.equifax.com/ecm/canada/EFXCreditReportRequestForm.pdf
It is suggested that you check your own score once a year to see where things are at. 80% of Canadians are between 650-700.
Yesterday, I spent the morning in a mortgage course put on by Genworth (they insure high ratio or low downpayment mortgages). Learned a bit about some of the changes that have happened with the shifts in our economy.
All in all it was a good day yesterday. I was able to complete the last of the paperwork firming up A&D's purchase of their new home in Waterloo. We listed their home on Friday and had it sold firm by Wednesday. Let's just say we were all pleased! I'm sure they will enjoy moving into their new home. It needs a bit of work but has a beautiful piece of property!
Also, had the pleasure of receiving a call from another referral yesterday. I'll be meeting with A&C on Saturday to begin their search for a new home.
As many of you know, referrals are how I get business. It's such a joy and an honour for me when a friend or previous client pass my name along to someone else.
Well, I'll close up with a few interesting facts from my course.... Enjoy! :)
MORTGAGES: In the US, they don't require insurance for high ratio mortgages like we do here. In Canada, if you have less than 20% down you are required to get the loan insured (CMHC or Genworth).
In the US those mortgages made up 35% of their mortgages. In Canada? only 3-5%. One of the reasons our economy seems to be holding up better.
CREDIT SCORE: Ever wondered what your credit score (Beacon Rating) is? You can fill in this form and send it in and Equifax will give it to you. http://www.equifax.com/ecm/canada/EFXCreditReportRequestForm.pdf
It is suggested that you check your own score once a year to see where things are at. 80% of Canadians are between 650-700.
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