Krista Jonker - KW REAL ESTATE BLOG

2011 Year End - 2012 Year Start

2012-01-16T10:52:00.000-08:00

2012.
A new year. New hopes, dreams, resolutions, and plans.
2011 in the KW real estate world wrapped up with an average of a 4% increase in sale prices from 2010. Not a huge leap, but certainly steady and in the right direction if you're one of the thousands that have invested in real estate.
KW 2011 Stats
What's the forecast for 2012? Well as with anything, that depends on who you ask, but generally it looks like interest rates will remain relatively low which will also mean our prices in KW will remain relatively unchanged over the next year. There may be a slight increase.
What does that mean for you? It's still a good time to get into the market if you're a first-time home buyer or as a "moving on up" client, as the interest rates are low. (Anyone start singing that familiar sitcom song when you read that?). Thinking about investing? Even a conservative 4% is better than having your money in a bank account or many other investments. On average in KW real estate has doubled in the past 10 years. Pretty sweet investment opportunity for sure!

I started this year with an email on Jan. 1st to list this lovely property at 35 Mahogany. Great start! This property close to amenities like the expressway and the Sunrise shopping centre offers 3 bedrooms, 2 bathrooms (plus a 3 piece rough-in in the basement). It's been well-cared for, has a great extra long backyard, new deck, and a huge master bedroom walk-in closet to mention a few of it's features. All offered at $289,899 MLS.

Know someone who might be interested? Pop me an email.

I also began the new year with a number of showings with clients who are hoping to find their dream homes at the beginning of this year. I had fun exploring this home with S as we saw a few things that made us go "huh". This was one of them. Take a peek at the picture and see if you can find what's wrong with it....

I posted this on facebook and many of my friends had fun commenting on it. Ideas were as diverse as toilet paper in the wrong spot, unfortunate spot for a window, and wondering why the gentleman working here actually put the seat down!

Hopefully, you've noticed the actual problem with this one which is the close proximity of the ELECTRIC heat....and the toilet and plumbing which of course contains WATER. Not a great mix. Obviously a leaky toilet could not only be disasterous but very dangerous.

I see many things in my job and no house is the same as another, so there are still little surprises along the away which may me go "huh"!

Looking forward to what else 2012 may bring with exciting prospects, new clients, and little laughs along the way.

Happy new year.

November Stats

2011-12-05T17:10:00.000-08:00

Here's the link to the media release of the November 2011 Statistics for Kitchener-Waterloo.
http://www.kwar.ca/stats/November_2011_Media_Release.pdf

Housing in KW continues to be a relatively good investment considering the world economy.

Funny story of the month was 3 yr old A, who apparently thinks the spare bedroom in her new home is for Grandma and myself! I told her I would visit but not sure how my own family would feel about me moving in! Sorry, I wasn't a chattel that was included on that purchase of agreement and sale! :)

The fall market is winding down for the holidays. If you're in my customer care search system don't be surprised if you see a decreased number of new listings coming up over the next month or so. Not a lot of new listings, but plenty of reduced listings and deals to be had for those who don't mind a little work. Email me if you're interested in seeing what might suit you!

Wonderful Clients!

2011-11-23T06:30:00.000-08:00

My theory is that noone should ever hire a Realtor without references, so I ask my clients if they have a few moments to write a few words about their experience with me. Some write a sentence or two and some send me a totally awesome letter of reference I can use with new clients. Thank you so much, Jeff and Tracy! Working with great people like you is why I LOVE my job!

"Letter of Reference
Re: Krista Jonker

To whom it may concern,

When Tracy and I decided to get serious about selling our house, we initially set ourselves to finding a real estate agent that we felt was a good negotiator, knowledgeable and above all – was someone we could really trust.

After we met and spoke with Krista Jonker, we felt we had found a representative with the personal qualities and professional qualifications we were looking for in an agent. Indeed, we were not disappointed, but rather our expectations were far exceeded.

Krista did an excellent job listening and discerning our ‘needs’ and ‘wants’ regarding a new house. We truly felt she gave us sound advice and steered us away from several pitfalls or potential mistakes along the way. She was very thorough with her research, giving us solid market evaluations both for our purchase and sale. Also, we found that she paid great attention to detail with all the paperwork and did a great job negotiating on our behalf.

We really can’t say enough when it comes to how happy we were with the service that we received from Krista. If you are looking for help with real estate matters and want someone who is trustworthy with a true heart to serve others, then we would highly recommend Krista Jonker.

Jeff & Tracy D"

October Stats

2011-11-14T10:23:00.000-08:00

http://www.kwar.ca/october-residential-sales-up/

Good news in October. KW continues to have a stable real estate market. Prices up marginally. With low interest rates, it's a good time to buy!

Recently my family and I were able to visit Disney World. What fun! The care that they take in making the entire experience a joy for families, is what makes it completely worth the money. The rides aren't any bigger or more thrilling than anywhere else, but the experience along the way just makes the entire trip more fun.

In real estate, the titles we are allowed to call ourselves are limited. "Sales representative" is one of the terms most of us use. I have a beef with this term though. Much like Disney I think of myself more as a customer service specialist than a sales representative. My job is not just to sell you a house. Anyone can do that! My job is to work with you to make sure your needs are met all along the way. It's those details that make the experience enjoyable and a whole lot less scary than it needs to be. I've been known to arrange babysitting for out of town buyers with kids so that they can view the homes while their little ones are taken care of. I've been known to develop my own clauses in offers to best protect my clients. I've been known to pull out the cleaning supplies and clean a bathroom before an open house to make sure the property is showing it's best. Last sunday, my hubby and I raked a lawn full of leaves at a vacant property so the elderly couple doesn't have to worry about it. I work hard for my clients in doing what I can to help them get to their goal. So, "sales representative", although the term we're supposed to use, just doesn't do justice to the job I actually do. I promise to strive to give you the "Disney experience" during your real estate buying/selling experience. I won't promise it will be quite as much fun as Disney.....but I'll try! :)

That's my blog rant for the day.

If you are thinking of buying or selling a property in the next year please contact me now! It's never too early to start working together to get you set up for the right time. Pop me an email!

September Stats

2011-10-29T11:12:00.000-07:00

http://www.kwar.ca/condominium-sales-remain-strong-in-k-w/

The news from Septembers statistics for Kitchener-Waterloo was that property prices continue to increase, in particular in the Condo market. The Canadian Real Estate Association reported that intereste rates continue to remain low. http://creanews.ca/ . Great news for those looking to increase the amount they're borrowing to purchase properties.

This month was a busy month. J&T were able to find their next dream house, an immaculate newer home with gorgeous hardwood floors. We were able to sell their present home in less than a week thus ensuring they didn't lose out on their new home. So, happy for them. C&H got possession of their new digs this month and although a smaller home will be an adjustment they're looking forward to cross-country skiing steps away from their new home. K's rental property sold just days after staging it and relisting. Amazing what a little paint and new flooring can do! S&B's home sold in less than a week to a buyer eager to move close to Uptown Waterloo which continues to be a desirable neighbourhood.

I've also been working with a great Mortgage Specialist Claire Cochrane from RBC on getting some materials together for my clients. She worked out a great spread sheet for my clients to easily reference how the cost of homes translates into monthly payments. Interested? Ask me for one!

Upcoming, I'm working with a few families getting their properties ready to list and looking for a great 4 bedroom home in Beechwood, Northlake, or Colonial Acres. Another buyer looking for a bungalow in uptown Waterloo and also looking for a semi in the Northlake area.

Lots in the works. I also received this great reference from another happy client: "It was truly a wonderful experience. Krista combines the correct amount of knowledge of the market and vision of your home to attract the correct purchaser in the quickest amount of time. Krista brings with her both the intelligence and diplomacy needed to get a deal closed."

Any questions? or ideas for topics for this blog? Drop me a line! Krista@kristajonker.com

August Stats and Fall Outlook

2011-09-14T10:31:00.000-07:00

Here is the link for the August stats:
http://www.kwar.ca/august-home-sales-up-from-last-year/

Fall is here. The kiddies are back to school and the world is regimented back in routine. Blech! At least the sun is shining, at least for today!

The summer concluded with house prices up a little bit even though the overall number of transactions was down a little bit. Pretty steady.

The fall outlook continues to be good. I got word this morning that ScotiaBank lowered their interest rates yesterday. There appears to be a slight advantage to the buyers right now with a few more listings on the market than buyers. It's a great time to get into the market for those reasons.

Certainly, the uncertainty of companies like RIM in Waterloo and the overall world economy (in the US and Europe) should be in the back of everyone's mind when making buying or selling decisions for your own family. But generally, the economy in Canada continues to hold it's own and certainly presently Kitchener-Waterloo is still a great place to invest in real estate.

I spent the last two days updating my data base and was overwhelmed with thankfulness. It was a great reminder of some of the great people I have had the pleasure of working with in the past and also the number of those people who trusted me enough to refer their friends and family to me. So blessed.

I take this trust seriously and work hard to be sure I exceed the expectations of my clients.
Thanks!

July Stats and Fall Ramp up

2011-08-25T09:15:00.000-07:00

After such an enjoyable summer of great weather it's hard to wrap my mind around fall being just around the corner! Almost time for routine to return and the kiddies to head back to school.
The fall also brings the second busiest time of year in the real estate market. Sept/Oct bring an influx of new listings and buyers wanting to move before the snow flies. (ugh. Snow.).

The summer has been a great one for referrals for me with great clients and friends passing my name along to their friends and family who are thinking of moving. Thanks to KF, R&TS, L&SS, A&LC, and...ahem...my folks... for trusting me enough to pass my name along recently.

If you're looking for something to buy this fall I've got a great bungalow in a family neighbourhood but close to amenities listed for $299,900. Ideal for investors, parents of students heading off to university, families, or empty nesters.
In the future I have clients who may be selling a great raised bungalow in Cambridge backing onto a park, a newer semi-detached home in Waterloo in a great family neighbourhood or a move-in ready bungalow perfect for a family or empty nesters.

If you're looking to sell this fall I have buyers looking for a bungalow in Uptown Waterloo with a good setup for entertaining, a family home in Kitchener with good access to the 401 and a great yard, and a bungalow condo at a reasonable price and a 4 bedroom home in Waterloo in a mature neighbourhood with a good setup for entertaining. Anything sound like it might be a match for you or someone you know? Let me know!

Cute story from one of my clients. P&P's 3 yr old daughter has been a little confused. Everytime they come to see a house they tell her "let's go see Krista!". Poor little one has no clue anymore where I live! lol. She thinks each house she "visits" me at is my house! Love it! What a doll.

In conclusion, here's the link to the July stats for KW. Despite some hiccups in the economy recently (internationally as well as locally-RIM) the housing market continues to be strong and housing starts seem to indicate we'll have a steady housing market into the fall.
http://www.kwar.ca/steady-sailing-for-kw-home-sales/

Any questions or comments? Feel free to email me or leave me a message here! Thanks!
Krista

June Stats and 189 Carter Av. Waterloo

2011-07-13T07:07:00.000-07:00

Summer is finally here and in full swing. The June statistics for the Kitchener Waterloo area are out and our market continues to be strong, despite the odd blip in RIM stocks! :)

Here's the link: http://www.kwar.ca/k-w-home-sales-up-for-second-month-in-a-row/

I listed 189 Carter last week. It's a well-built brick bungalow just steps away from Moses Springer Park. It's presently being rented and has a complete second kitchen in the lower level.
It's listed at $299,900. Here is the MLS Link http://www.realtor.ca/propertyDetails.aspx?propertyId=10863240&PidKey=1214428625 To view or for more information please contact me.

Last week I was able to go to a breakfast seminar put on by Manulife One. Great product for sure with a lot of potential for clients. Essentially it's a way of consolidating all of your debt into one account, including your mortgage. As your paychecks go in they directly lower the amount of your principal thus working off your debt faster.

http://www2.manulifeone.ca/ Let me know if you're interested in finding out more and I can put you in touch with a rep from Manulife.

This is often the time of year people think about getting ready for buying or selling in the fall. If that's you, please pop me an email!

Celebrations and Family Law

2011-06-22T15:51:00.000-07:00

Last week I attended a course on Family law put on by two local lawyers. They had some great information on some of the latest judicial decisions coming down the pipes affecting various real estates transactions. Thinking about living common-law with someone and purchasing a house together? Be sure to protect yourselves with a co-habitation agreement. Seperating? Be sure to have the seperation agreement in place before making any major decisions about real estate. Obviously the lawyers are a little biased, but the key is to seek the advice of the lawyers early in the process to avoid needing much more of their services later on!

The pic is of first time home-buyer's L and D....so excited to move into their new digs in about a month. Nothing like plastic wine glasses and sparkling grape juice to celebrate! :)

This week I've been busy following up on some market evaluations and brushing up on the new City of Waterloo rental housing bylaw. The new bylaw has proven to be quite the nightmare already for some. It's been hard to get anyone from the city to give any answers on present licensing and even harder for clear answers on the bylaw set to come into effect April 2012. Generally though it's going to cost landlords more money, IF they can even get the licenses. Lots of bugs to work out and certainly not a pleasant thing to deal with for landlords in the city. The demand for investment properties in Waterloo has been rumoured to have gone down by about 30%....yikes! And if you've ever wanted to purchase an entire street, now is the time as an entire street in Northdale will be putting their homes up by auction because of the new bylaw. Tighter rental housing bylaws and licenses are certainly a positive thing, especially in neighbourhoods, like Northdale where students are everywhere, but this particular bylaw leaves landlords wondering how much more they will have to pay in inspections and licenses IF they can even get the license. The bylaw has limits on the number of people, limits on the amount of bedrooms in comparison to living space, and limits on proximity to other licensed properties. It will be interesting to see how it all plays out.

Any questions as to how this may affect your rental property, pop me an email at krista@kristajonker.com

May 2011 Stats

2011-06-07T21:47:00.000-07:00

May Stats http://www.kwar.ca/spring-market-finally-arrives/

A slower start to the spring market has now arrived and in full swing. Hopefully, with it's late start maybe it will stick around a little longer!

This week I've been busy with a couple of market evaluations. V&C had me into their beautiful home to to an evaluation and I was able to meet with K(a referral) to chat with one of her rental properties and give some suggestions as to how to get it ready to sell. C&H firmed up on their fantastic bungalow in Northlake and are looking forward to being close to the market and Laurel Creek.

Yesterday I went to a course on environmental concerns. Although there was a commercial spin to much of what what taught there were certainly some nuggets I took away from to keep in mind in residential sales. The sins of our past have a lasting effect on our environment and it's certainly important to be able to recognize the signs of issues for concern. Underground oil tanks, asbestos, radon gas, methane, contaminated groundwater are all things that are good to be aware off when purchasing properties that may be at risk for these items.

I've got a few buyers looking for the perfect property, maybe you can help out with! :)
I have buyers looking for a great lot in Waterloo to build a dream house, buyers looking for a 4 bedroom home in Waterloo, buyers looking for an older home in the East Ward of downtown Kitchener, a bungalow in Uptown Waterloo, and another buyer looking for a bungalow on a great greenspace property. If you think you might have or know of a home that might be appropriate for one of my buyers let me know!

If you're looking for a property I may have one coming up that might be right for you! How about a 4 bedroom home in Waterloo in an affordable price range? or a luxurious bungalow in Laurelwood? or a spacious starter home in East Ward of downtown Waterloo? How about a backsplit in Country Hills? or a raised bungalow in East Ward? or a backsplit in Northlake? or a rental property in Waterloo with or without the tenants?

I've often got a few things up my sleeve, if you're thinking of buying or selling I may have some ideas for you!

April Stats and Spring Update aka....RAIN!

2011-05-24T09:58:00.000-07:00

April KW Stats-click here

Spring has been anything but sunny for most of us. April showers seems to have just brought May showers! The spring market got off to a bit of a slower start, largely due to the rain, Federal election, and yes, even William and Kate seemed to distract buyers and sellers.

Although the market has been a tad slower it's still plugging along and certainly I've been busy with market evaluations, listing, and buyers looking for their next property. L&D purchased their first home and looking forward to moving their company out of the city. C&R moved into their new home this month and are enjoying being together as a famiy again after a tranfer to our city. Uptown Waterloo has been anything BUT slow and with a carefully thought out strategy using pricing, timing, an open house and advertising I was able to sell my listing in Uptown Waterloo for over list price with multiple offers. Many a buyer are disappointed they missed out on that cutie of a house!

A couple of conversations this weekend (one out on the deck enjoying the sun we finally had!!!) made me aware of the need to put out a few reminders to everyone.
First, Grading. Proper grading is the number one thing you can do to your properties to avoid water problems. Each spring get some top soil and put it around the perimiter of your home to ensure you have a grade that will take water away from your foundation. Clean out your eaves and downspouts, making sure they are extended away from the foundation of your home. These things alone can help you avoid a wet basement. If the water stays close to your foundation it's only a matter of time before it finds a place to seep in. No foundation is without cracks and even the smallest of crack can become a problem if the water is heading in that direction. A dear friend said, "you should put that on your blog"! So, here it is! :)

The next thing I wanted to remind people is that if you're thinking of moving call me sooner rather than later! Don't worry about bothering me when you're not quite ready! All too often people wait, not realizing there are many things that I can help with that will make things easier later in the process. It may be that you need a market evaluatioin so you have an accurate idea of what your home may be worth. Sometimes I can help you make the right renovation choices months beforehand which may help you make the best choices for resale. And sometimes it's a matter of making sure all your ducks in order so you'll be ready. Let me help with those ducks. I order them all the time! It's my job. It's never to early or a waste of time to meet with me to discuss your future plans.

Thanks to A&T, D&B, and H&M for the great referrals this Spring! I certainly appreciate you trusing me to refer to your friends!

If you or someone you know have any real estate needs, please don't hesitate to contact me!
Thanks!
Krista

Renovations for the Future

2011-05-19T03:32:00.000-07:00

Here's an article I recently wrote for the University Downs Neighbourhood Association Newsletter. Enjoy!

Renovations for the Future

As a Realtor© people often ask my advice on their renovation decisions. Recently a friend asked my advice on whether or not to renovate her main bathroom from a shower/tub combination to only a shower. The quick answer would be “NOOOOOOO” since most people would want a shower and a tub in their main bathroom. But this question is not as simple as it sounds.

How does one know what to consider when making future renovation choices? Should you use the lovely green ceramic tile you love, but others may not? Or should you keep everything boring neutrals?

Here are some renovation tips.

1) Keep big ticket items neutral. Items like carpets, countertops although fun to match with your own personal style really are better neutral. Not just for future buyers, but also for 5 years down the road when you don’t enjoy teal green quite as much as you used to. If you want to get that shot of colour to personalize your home use paint and accessories which are much easier and cheaper to change as time passes and styles change.

2) Consider future buyers. If you’re thinking of selling in the next few years be sure to take those future buyers into consideration. Neutrals may be boring to you, but not to the majority so stick with them if you think there’s a chance you’ll want to be appealing to buyers in the not so distant future.

3) Consider your own personal needs. If you’re making renovations in your “forever home” then make decisions in a way that makes you happy! The need to think of resale value diminishes. It’s hard to predict what buyers 30 years down the road will be looking for and realistically some of those renovations may be ready to be redone again in 30 years! For my friend, a beautiful tile and glass shower better fits the needs of her family. Since she’s living in her “forever home” I told her to go for it and not worry about resale value. Who knows, maybe 30 years down the road bath tubs will be passé!

3) Don’t let your renovation “to do” list get too long. Homes in the University Downs neighbourhood are not new anymore. Plug away at keeping things updated or before you know it you’ll have a home in need of major updates that may just become too daunting for your budget or your family handyperson.

4) Pick one room at a time for the biggest impact. Instead of doing little jobs in numerous rooms, pick one room and get it to a point where you can enjoy it. A few years back we did this to our living room. We made a budget and put most of the money into bamboo flooring, a cream shag carpet, custom bookshelves, and a new sofa. Some inexpensive Costco chairs, and some family artwork made with the kids, framed and hung on the wall finished the look. It quickly became our favourite room, feeling like it was the one room that was “finished”.

5) Don’t wait until just before the sign goes on the lawn! So many times I see my clients do many pesky little renovation jobs in order to sell their house. Things that bothered them the entire time they’ve lived in the home finally get done, only to be enjoyed by the new owners! Recently my husband and I decided that time was just not allowing us to finish off some of those pesky jobs in our own house. We called up a wonderful “jack-of-all-trades” I know, and put him to work. We’re now enjoying the trim finally put up the basement, the neutral countertop in the main bathroom (good-bye baby blue!), and the caulking redone around our patio door. Well worth the money spent!

If you’re thinking of doing home renovations and want some tips don’t hesitate to email me at krista@jonkerteam.com . I know wonderful tradespeople I can refer to you and help you avoid the risk of the yellow pages. Whether you’re thinking of selling 6 months or 60 years from now I’m happy to be of help to you

Babies, Renos, Decks and Swimming Pools

2011-04-06T11:17:00.000-07:00

The title pretty much sums up the last few weeks for me.

I had the pleasure of catching up with a few clients recently. H&R moved into their new digs in December and now welcomed Baby H to their family. I very much enjoyed an afternoon snuggling with Baby H and catching up with his lovely mommy. One of the joys of this job for sure! :) I met Mom and Dad at an open house 4 years ago, helped them purchase their first home and then more recently helped them sell that one and purchase the next one which has plenty of room for Baby H and whichever siblings come down the road. :)

B&S moved into their new home in Jan (also 2nd time clients) and will be welcoming their new baby girl into their new home anytime now. I quite enjoyed the baby shower for S at another client's home. Thanks M for hosting! Can't wait to hear when little one arrives!

Last week I also got to catch up with clients W&K and Z&C. Cool experience to go back to a dated home, with the old owners and see how the new owners have spruced things up. Z&C have done a fantastic job refacing the kitchen cabinets, putting in new flooring, and renovating the bathroom to include a beautiful soaker tub. Great to catch up with you all!

Yesterday I finished up the last of my courses for this registration period. This month I celebrate 4 years as a Realtor (5 1/2 in the business). It's flown by! So cool to have previous clients returning and sending more and more referrals my way. Thank you!!!

The course I took yesterday highlighted some of the concerns around decks and swimming pools. Key things to note.....permits, permits, permits. Much easier to get before you start building that deck than afterwards. If you build a deck without a permit you can be fined so always better to check with the city before building. Swimming pools offer so much fun for family and friends, but be sure if you have one, to check out some of the various safety mechanisms for keeping little ones out.

This month I'll be continuing to work with clients P&P, L&D, C&H, K, and K&D on finding them the perfect home. If you have a home you're thinking of selling please let me know! It may just be the perfect match with one of my buyers!

It's never too early to have me come by to do an evaluation on your home. Better to know how sellable your property is and for what price before you start looking! Give me a call anytime!

Don't forget to search my name for my real estate page on Facebook. Click "LIKE" and be kept up to date on a variety of Kitchener Waterloo Real Estate news.
Thanks for reading!
Krista

March Stats from KW Association of Realtors

2011-04-05T11:02:00.001-07:00

Here the latest stats from the Kitchener Waterloo Association of Realtors, previously known as the Kitchener Waterloo Real Estate Board.

KW MARCH STATS

Looks like the market continutes to be strong and stable. Not as nutty as last year (ok, so NUTTY isn`t an official term!), so the number of sales is down, but the prices continue to increase in comparison to last year at the same time.

These numbers are indicators, but individual homes should be evaluated by a Realtor (ahem...preferrably me!) to give you a true sense of the value of your home.

If you`re thinking of selling or just curious about the value of your home, pop me an email!

Kitchener Green Housing Incentive Program

2011-03-29T10:45:00.000-07:00

This morning I had the pleasure of listening to a great seminar put on by CREW (Community Renewable Energy Waterloo) and the City of Kitchener discussing the benefits of the KGHIP (Kitchener Green Housing Incentive Program).

It's an incentive program designed to encourage builders and consumers to build high performance green homes.

Builders may be interested as a great program they can offer consumers as a way to get paid for making greener choices. Consumers are recognizing the importance of being greener and many will chose greener choices over other choices, even when it costs more.

Basically the City of Kitchener will pay you to build your new home as a LEED home. LEED is a third party company that will assess the home you've built and give you ratings based on it's eco-friendliness. The City of Kitchener then gives you cash incentives based on those ratings.

Note that an Energy Star home is not included in the incentive program since after 2012 every home built will HAVE to be a minimum of an Energy Star Home. That's good news for our environment!

If you're thinking of building a new home in Kitchener, it's worth asking about the KGHIP.

Essentially for approximately a coffee a day you can get PAID to build an Energystar home. If you were to give that coffee a day back to the builder you could build a LEED home for free. If you were willing to give up a coffee or two a day that would be about the cost of building a LEED Platinum home.

Great job, Kitchener! Our environment thanks you for putting this as a priority! If you're building a new home in Kitchener, why WOULDN'T you take advantage of this program?

Any questions at all pop me an email! krista@jonkerteam.com

Here are a few websites you may find interesting:

LEED
CREW
CITY OF KITCHENER KGHIP

Reference from happy buyers

2011-03-08T16:42:00.000-08:00

Buyers sent me this glowing reference.....I love working with great people!

"When we decided to relocate from Ottawa to Kitchener-Waterloo, we asked our selling agent to refer us to a high-calibre agent in the KW area. After doing some research, she introduced us to Krista. Even though we were still preparing our home in Ottawa for market, Krista made a point of communicating frequently with us, and met with my husband to understand what type of home we were looking for. Krista set us up with an MLS alert and was very responsive (and patient!) as we changed our minds over and over about our requirements. When we travelled to KW on a house-buying trip, Krista had all the bases covered for us, right down to ensuring our kids were entertained while we were out viewing homes. Krista sourced a wide range of properties for us to view and, as we were unfamiliar with the area, provided us with candid advice on various neighbourhoods, locations, schools and amenities. Once we found the right property for us, Krista worked quickly and under difficult circumstances to ensure that our offer was accepted. She helped us organize a home inspection and kept on top of all the details. We are now waiting for our closing date to move in, and Krista is continuing to offer support to help make our move a successful one. Working with Krista was a very pleasant and positive experience. She is always friendly, receptive, responsive and ready to help. We highly recommend her to anyone relocating to the KW area." C&R, Stittsville, ON

January and February Stats

2011-03-07T11:52:00.000-08:00

Here is the market update for the first part of 2011. Decreased number of sales, but prices staying pretty steady. Last February was significantly higher than normal, this February more "normal".
http://www.kwreb.on.ca/january-home-sales-return-to-normal-levels-in-kitchener-waterloo/
http://www.kwreb.on.ca/Stats/February_2011_Media_Release.pdf

One thing the stats don't always show are the overall climate. This last month there were quite a few multiple offer situations in KW. There seems to be more buyers out there than listings indicating a slight seller's market. If that continues, that can sometimes drive prices up a bit more. Sometimes the spring listings will catch up and it will even out a bit.

This month I've been keeping busy with market evaluations for clients looking to sell in the near or not so near future. Some looking to downsize, and some looking to upsize. I was also able to help C&R secure a new home for their family. After a few attempts we were able to find them an underpriced home on a beautiful greenspace lot and we were even able to avoid multiple offers! Worth the wait!

The sun is shining today and melting the snow. Gives me opportunity to remind you to take a walk around your property and be sure the melting snow is heading in a direction away from your house. Noone wants to discover the cracks in their foundation the hard way, with water in the basement!

Enjoy the sun!

Tighter Mortgage Rules

2011-01-19T08:58:00.000-08:00

Monday, Canada's finance minister announced new tighter mortgage rules that will take effect March 18th.
The rules in a nutshell:
1)CMHC will no longer insure morgages amortized more than 30 years (from 35).
2) The maximum amount that can be refinanced will be 85% (From 90) of the value of the property.
3)CMHC will no longer insure home equity lines of credit.

These new rules are aimed to promote saving through home ownership and discourage debt, hoping Candians will pay off mortgages quicker and thus pay less total interest.

The message here folks is not to overextend yourself in debt!

Any questions? Let me know! :)

2011-01-13T10:05:00.001-08:00

2011

To begin this year I'd like to look at the past year. 2010 was a great year for the Kitchener Waterloo real estate market. The spring was, as I like to refer to it as, NUTTY! Many buyers purchased in hopes of avoiding the predictions of rising interest rates, tighter mortgage rules, and the introduction of the HST in July. As a result, prices were driven up and many first-time home buyers got into the market. The fall market finished off the year, still strong and holding onto the increased prices. As a result, single-detached house prices ended 2010 at an average of 9.3% over the previous year.
http://www.kwreb.on.ca/Stats/December_2010_Media_Release.pdf

2011 began with a few out-of-town referrals so I thought I'd say a few words on this. Moving to a new city can be a scary process that I can certainly help with. If you or someone you know is moving to a new city give me a call! If it's in the KW area I'm happy to welcome them to the city (whether they're purchasing a home or not) and be a contact for them for information and referrals about the Kitchener-Waterloo area. Over the holidays a lovely agent from the Ottawa area called me up to interview me for clients she has who were selling their home and moving for a new job in Waterloo. We had a great 45 min. chat on the phone and I was able to answer some pretty pointed questions about how I work with my clients. The agent interviewed a few more agents and called me back to let me know she wanted to refer her clients to me. C&R will be listing their home with her out Ottawa way, and I was able to meet R this week to chat about how we can find his family a fantastic new home in Waterloo. Another agent I know from Brantford also called me up last week to pass along the name of a client selling in Waterloo and moving to Paris. I look forward to possibly being able to connect with him as well. I always appreciate it when other agents entrust me with their clients and I take the responsibility seriously.

Likewise, sometimes I have people contact me wondering if I have an agent recommendation for another city and I'm always happy to help! I have many contacts for agents in other cities and if I don't, I have other agents I ask, and similar to the agent from Ottawa who called me, I also am willing to call other agents to interview them to decide who to refer people too. So, don't hesitate to call or email me if you're looking for some referrals to agents in other cities. I know some great people out there!

As we look to 2011 if you're thinking that selling or purchasing a property may be something you'll be looking into please don't hesitate to pop me an email or give me a call....sooner rather than later! Don't feel like you have to have all of your ducks in order! I have a few clients out there who I know are thinking of selling this year who I have already met with and given tips on getting their properties ready. Giving me the heads up also gives me the opportunity to keep an eye on comparable properties for you so we can keep tabs on properties that may affect the price you get for your property when you sell. So keep me posted!

Thanks to Cathy and Jeff for trusting me this month to refer me! And thanks to you all for reading! Any questions or suggestions as far as topics for this blog are always welcomed!

Wishing everyone a joy, health, and happiness - filled 2011!

Competition Bureau and October Stats

2010-11-03T07:18:00.000-07:00

Many of you over the past number of months may have been following the talks between the Competition Bureau and the Real Estate Biz. The following are my opinions based on my understanding of the facts.

The media has made a big deal about this new agreement between the Competition Bureau and the Canadian Real Estate Association. Many headlines have stated that consumers will save money and it's now "easier" to sell their properties on their own....this is not really the case. The perception is that you can now use the MLS system without a Realtor. That is not correct.

The MLS system is a system for Realtors. Always has been and always will be. Realtors have developed and paid for this tool. It belongs to Realtors, not consumers. Realtor.ca is an advertising site for consumers. In order for a listing to be posted on the MLS system one needs to use a Realtor. This system only has it's value because the information can be trusted. Any Realtor who puts a listing on the MLS system must verify the information and is held to a code of ethics when dealing with it. This has not changed.

Essentially the agreement with the Competition Bureau keeps local real estate boards from discriminating against Realtors who choose to list "mere listings" or listings with only a very limited number of services attached. My understanding is that this does not change anything for our local KW real estate board as there were never any rules or bylaws that kept those listings off the MLS system. So, now consumers can use a Realtor for a negotiated rate, for negotiated services to sell their property.....oh....wait....that's the way it was before the agreement!

The United States went through very similar changes in the past couple of years with the NAR (National Assocition of Realtors). My understanding is that after a short amount of time the changes made down there actually ended up increasing the average commissions paid to Realtors, not decreased as the media often likes to portray.

A question I've received a few times over the past few weeks is how this changes things for me in my business. My answer is simple, business as usual. I am a full service Realtor who offers knowledge, experience, and service guided by a code of ethics. There will always be consumers who recognize the value of a full service Realtor and for those folks I am here. My services and my commissions have always been negotiable, but ultimately noone works for free and I believe that the value I add to the purchasing or selling process is worth the commissions I charge.

I've had a few experiences with "mere listings" or FSBO (for sale by owner) properties lately. One "mere listing" property I showed resulted in the seller later asking me for advice because the agent they had their property listed with is an agent in a city 6 hrs away and had not been through the property. Given that my code of ethics dictates that I cannot interfere with an existing contract I can't be giving advice just because they've chosen an agent who's not willing to offer that service. Sorry folks!

I had a lovely dealing with a great FSBO (for sale by owner) seller recently when my clients purchased her property. She told me when people congratulate her on selling "on her own" she's been telling people that the only reason things went so smoothly is because the buyers were working with a great agent (me!). She also had an "in" with a great real estate lawyer which certainly helped her end of things. Even though she sold privately she recognized the value of having a Realtor involved, she paid a commission, and she armed herself with a good lawyer to cover her end of things.

There are many out there who feel they can adequatly do what I do without the experience or knowledge. And for some it may work....for others not so much. One local example I've recently heard was of buyers purchasing a property through sellers who later found out that the sellers were actually the tenants who had no legal rights to sell the property but had decided to put up a "by the owner" sign, collected a nice hefty deposit of $10,000 from the buyers who thought they were getting a "great deal" because they weren't working with a Realtor and then those tenants disappeared. Those buyers are now out $10,000. Ouch.

So, that's my 2 1/2 cents on things. Please don't hesitate to call me or email me if you have any questions. Or send a comment if you wish to continue some dialogue and start some discussions on this topic.

In close, here is the link for the October stats for the KW real estate market and a link to a great site giving more information about the value of working with a Realtor. Take a peek! Thanks for reading!

http://www.kwreb.on.ca/k-w-average-home-price-jumps-14-3-percent-in-october/
http://www.howrealtorshelp.ca/

Fall Update

2010-11-02T06:14:00.000-07:00

It's been a busy fall.....as evident by the few blog postings of late! :)

This fall I've had the pleasure of seeing a number of clients move into their new homes. Last week I was able to catch a quick visit with T&H to see them all settled in their new digs after a busy summer of moving and getting married! I have such great clients that they even think of me while honeymooning! H&T took this pic for me while on their European Honeymoon. Maybe you'll see the 3 of us on House Hunters International one day! lol

September Stats came in and things heated up from the summer months and the market in KW continues to look like it will be strong and balanced for the 4th quarter.
http://www.kwreb.on.ca/k-w-home-sales-wake-from-summer-slumber/

As part of keeping my real estate licence, we as Realtors are expected to keep up with our education and take courses each year. Some of the courses I took part of this fall included ones on Heritage homes in KW and Surveys. We had speakers from both the city of Waterloo and the city of Kitchener speak about some of the areas that have heritage status and some of those areas and specific homes that are on a list of properties that may be added to the list in the future. If a property has a heritage designation there may be restrictions as to what can be done to that property. ie. an owner may not be able to demolish an existing structure. Valuable information for a homeowner to know about a property they may be considering purchasing.

As many of you may have been following the news, the Canadian Real Estate Association has come to an agreement with the Competition Bureau in regards to what is being referred to as "mere postings". My next blog posting will discuss this a little further and give you some of my thoughts on the matter as I know a few of you have emailed or asked me about how this will effect my business.

In closing, congrats to B&S, N&E, Z&C, R&H, and T&I, just some of the awesome couples I've had the pleasure of working with this fall! Thanks for putting your trust in me to help you with your property sales and/or purchases!

August Stats

2010-09-22T08:35:00.000-07:00

August Stats:
http://www.kwreb.on.ca/temperatures-hot-home-sales-not-so-much/

And in case you missed it, KW was ranked number 2 as best place to invest in real estate!
http://news.therecord.com/article/758347

The fall market thus far has picked up from the summer and trekking steadily along. Whether the market is hot or cold, this is true...the homes that show well sell for more and quicker than those that don't.

Check out this beautiful new listing at 136 Dellgrove in Cambridge.

http://www.jonkerteam.com/ or on MLS shortly.

$444,900: Stunning Mattamy home convenient to the 401 with numerous upgrades including hardwood, ceramics, deck, granite, luxury master ensuite, upper laundry, and an upper den which can easily be used as a 4th bedroom. All this backing onto greenspace.

Come visit me Saturday 2-4 for an open house!

July Stats

2010-08-28T12:21:00.000-07:00

Check out the July stats. While sales in July were down aprox 23.7%, prices continued to be up from last year.

http://www.kwreb.on.ca/temperatures-hot-home-sales-not-so-much/

In my own personal business August seems to have been busier than July so perhaps August stats will send things back in the right direction.

The fall market is fast approaching and things are expected to be similar. Slower number of sales expected, but prices holding their own. Perhaps moving from a fairly balanced market to one slightly in the favour of the buyers. Times will tell....

Interest rates were reduced slightly recently, but this may not be an indication of a trend by any means.

This summer has proven to be a good one for a number of my buyers and sellers who have sold or purchased. A few new listings including:

30 Highbarry Cres. $359,900 MLS

A gorgeous 4 bedroom home with 200 sqft professionally built solarium with hot tub. Shows beautifully and has good value with it's ceramics and hardwood floors, master bedroom with ensuite and double walk-in closets.

159 Brenneman Dr. $255,000 MLS

A well priced semi with a beautifully finished basement. Yard has a deck and back onto farmer's field. Baden is only about 10-15 min from KW with a small town feel but only minutes to many amenities. A new school has just been built only a few minutes walk away.

Check out http://www.realtor.ca/ or email me for more info.

And to finish things off a few references from some happy clients:

"Krista's pleasant attitude and professional approach makes it easy to work with her. She provided real benefit to us from offering another set of eyes during our inspection, to explaining contract clause language, to even initiating research on some issues that she knew would impact our transaction. We highly recommend Krista." D&H, Waterloo

"We loved working with Krista. She was always prompt at getting back to us, no matter how busy, and tried to book showings the next day. Her best quality is her emotional intelligence: she listens well and responds to what we as clients need and hope for, If felt like I was looking for homes with a great, long-time friend. We would strongly recommend working with Krista to any family considering buying a home. " T&I, Paris

I'm always so thankful for the great clients that come my way! They really are such a big part of why I love my job!

Just a reminder as the fall comes, if you know someone who may be thinking about buying or selling a property please tell them about me! Referrals are always welcome!

Interest Rates expected to rise!

2010-07-19T18:50:00.000-07:00

Expecting a .25% hike.....

http://www.financialpost.com/news/Week+Ahead+Rate+hike+cards/3288001/story.html#ixzz0u7teJzQu

June Stats

2010-07-09T12:27:00.000-07:00

Here are the June Stats for KW sales. *Take note that effective this month, rentals have been removed from the stats.

http://www.kwreb.on.ca/Stats/June_2010_Media_Release.pdf

And here's a reference from a fellow agent whom I recently worked with on a deal:

"Thanks for everything Krista. It’s always so refreshing to work with someone as professional and pleasant as yourself. I look forward to working with you again! "

Reference

2010-07-08T08:47:00.000-07:00

Here's another reference from a happy client. I'm not quite as superhuman as they make me seem, lol! Thx J&H!

" May 2010. We need to move to Waterloo within a couple of months. We have a 2-year old son and a weeks-old daughter. We are moving from West Virginia, and we have one weekend to make a trip to the area to find a home. We have very specific ideas about what kind of house we want, and the neighborhood we want to live in. In a very hot market, the houses available all seem out of our price range. Most homes are selling at over asking price, and within days of listing. We meet Krista almost by accident, and she offers to work with us.
For a solid month Krista stays in close contact with us by phone and email, providing excellent advice on the Waterloo market, and even helping us think through the listing, marketing, and selling of our home in West Virginia. While we are still in another country, she also personally visits dozens of homes for us and gives us feedback. She knows how busy our lives are. We never have to ask for anything – she is on top of it.
We sell our house at way under our asking price. The Waterloo market is exploding, and it is looking pretty unlikely that we will find a house. We set aside two days to travel to the area. Krista sets up 8 viewings, having pared the list down herself by visiting homes ahead of time and ruling out houses that aren’t going to work. We can trust her completely, because she has really taken the time to understand who we are and what we want.
When we tour homes with her, she pays close attention to all of the important details, and has a lot of knowledge about electrical, plumbing, foundation, insulation and other issues, with an added sense of some key problem areas in the homes in our region and of a particular age. She also knows the cost and difficulty of specific repairs, giving us a real sense of the value of a home. When there is a question she can’t answer, she finds the answer for us right away by making a few calls.
Still, we aren’t finding anything.
After viewing 8 homes, we are exhausted. The toddler and the baby have had a long day, and so have we. We are a bit discouraged. We decide to take a break for coffee. Instead of taking a break, though, Krista secretly heads back to her office and starts working the phone and the internet. She finds a house that hasn’t been officially listed yet. It is in our desired neighborhood – the best part of that neighborhood – and in our price range. Somehow, she gets us into the house for a viewing. We love it.
Because Krista is so motivated, connected, and persistent, we get the house without going over the asking price – a small miracle. Her “pitching” of our offer is creative, honest, and persuasive. Krista handles all of the negotiations skillfully, professionally, and with grace.
Krista even actively helps with our arrangements for insurance, lawyers, and banking. She follows through on the small details of our contract to make sure the sellers complete their end of the deal. She makes everything easier than it should be, and always emails or calls us (and others) back within an hour. When a key document needs to be faxed or delivered, she always gets it where it needs to be, on time. Within a month, we are moving into our new home.
We can’t imagine working with anyone better than Krista; nor can we imagine having found a home if we hadn’t worked with her. We will recommend her to everyone we know. Krista is a wonderful person and a terrific real estate agent.

J&H, Waterloo

WETT - Fireplaces, wood burning appliances

2010-07-05T11:01:00.000-07:00

One course I took recently was a great course put on my Gerald Moore, RSM Building Consultants. He spoke on being WETT certified.

WETT stands for Wood Energy Technology Transfer. Basically it's a certification for those who inspect fireplaces, wood stoves, etc. He had a lot of information for agents, but also had some great tips for homeowners in general.

The building code in Ontario did not come about until 1975 and has changed quite a bit since that time. If you have an older home with a fireplace or woodstove, it may be a good idea to have an inspector who is WETT certified come and take a look at your chimney and wood burning appliance. There's a good chance that if your home was built before the 1960's it may not have been built to any particular standards at all.

Wood Burning stoves should have some sort of certification label on them somewhere. That label indicates how that particular stove should have been installed..and of course it's slightly different for every apparatus.

As far as energy efficiency is concerned a great wood burning stove can be an efficient way to heat a home. Most wood-burning fireplaces on the other hand are pretty to look at, but aren't the most efficient way to heat a home as most of the heat goes straight up the chimney.

One last tip, that I found interesting is that getting yourself a flue thermometer is a great way to be efficient and keep your fire at the right temperature. Gerald suggested using some newspaper and start your fire and warm up the chimney. Then get your fire going to between 300-500 degrees F. It's best to keep the fire between that temperature. A smoldering fire will create creosote which is what builds up in the chimney and can cause chimney fires. The less smoldering, the safer fire.

If you have any other questions or would like to be referred to a WETT certified inspector for your fireplace or wood burning appliance, just let me know!

May Stats for KW and update

2010-07-05T10:54:00.000-07:00

With the busyness of June I didn't realize that I had not yet posted the May stats, so here they are....with the June stats to be available sometime later this week.

http://www.kwreb.on.ca/Stats/May%202010%20Media%20Release.pdf

June was quite the month. Working with clients who just began their search for a new home, other just moving into their new homes, and a few who have decided to change thier plans and await a better time for thier situation.

I also took a number of courses over the month and will post some tips and info in my next posting.....momentarily! :)

Dishwasher Recall

2010-06-04T05:09:00.000-07:00

If you've purchased a dishwasher in the past 5 yrs or so you may want to read up on this article on a major recall. It affects dishwashers under the name of Maytag, Amana, Magic Chef, Jenn-Air, and Admiral sold 2006-2010.

Full CTV article here
http://www.ctv.ca/CTVNews/Canada/20100603/maytag-dishwashers-100603/

2010-06-01T07:47:00.000-07:00

As suspected.....The bank of Canada has raised it's rate....

http://www.theglobeandmail.com/report-on-business/economy/bank-of-canada-hikes-interest-rates/article1587719/

Keep yourself educated if you're using a variable rate for your loans right now. Typically lending rates from major lendors willl follow suit with the Bank of Canada hike.

If you need a great Mortgage broker to discuss your needs with just pop me an email!

Re/Max Twin City Realty Inc., Brokerage

2010-05-26T12:21:00.001-07:00

Re/Max Twin City Realty Inc. (the brokerage I work for) has ranked 4th place in all of Canada for closed transactions in 2009. Wow! There's something to be proud of.

This brokerage is where I started my career, working at the front desk with over 100 agents at the time, in the Waterloo office. I can speak from experience when I say that after coming across so many agents from many different brokerages, we really do have the cream of the crop at Re/Max Twin City! I think we have a higher standard amongst our agents in terms of customer service and integrity.....and apparently it shows! :) So proud!

For the full story
http://news.therecord.com/Business/article/717031

April Stats and Interest Rates

2010-05-14T06:55:00.000-07:00

Another record month for the KW Real Estate market in April.
Read full media report:
http://www.kwreb.on.ca/Stats/April_2010_Media_Release.pdf

Another great month....prices up, number of properties sold up....and....wait.....interest rates up? Yes, that's right! Interest rates up as well.

Interest rates have been a topic of many conversations lately as the indications are there that they will be going up. So, here's my take on things. A few things are true....Variable rates will always be cheaper than their counterpart 5 yr fixed rates. Another is that over time, historically those who choose to go with a variable rate will normally save themselves money. The question is will the variable rate of 1, 2, 3 years from now still be cheaper than the going 5 yr rates today? In other words....do I stay variable or lock in at a fixed rate?

If you've worked with me before you know one of my regular sayings is "I don't have a crystal ball but....."...but in my opinion interest rates only have one direction to go....UP! There's a lot more room for them to go up than to go down. I don't think we will see the 18-23% rates previous generations got to experience, but I personally do think that we may see 7-9% again. I should probably add in my disclaimer here that I am not an economist or a mortgage specialist. But the indicators are there, deflationary period predictions, Bank of Canada indicating they will raise their prime rate come June, a struggling world economy.

Regardless of which route you choose here are a few things to consider.

1) Affordability. Variable rates are great right now, but take a look at your mortgage payments and make sure that if interest rates rise you'll still be able to afford your home. Don't purchase a home on a variable rate that you can barely afford....you may run into trouble in the long run.

2) Education. Keep yourself educated. Find a great Mortgage Specialist who can keep you up to date on the going rates and the upcoming trends. This is essential if sticking with a variable rate. You don't want to find yourself behind the 8 ball because you weren't paying attention to what the rates were doing! When making your mortgage choices it's important to sit down with a mortgage specialist you trust who can help you decide which route is best for you.

3) Personality. As strange as it sounds, I feel strongly about this one. What kind of mortgage you choose will reflect your personality to some degree. The rise and falls of a variable rate are not for everyone. How you deal with stress will give you some indicator as to whether it's for you or not. This is really another area a great mortgage specialist can help.

Now on a personal note......I've enjoyed a variable rate with a cap for a number of years and have saved ourselves a lot of money going this route as opposed to a fixed 5 yr rate. When it came time to renew last year it looked like rates were staying down for a while longer so we threw it on a line of credit and enjoyed super-low rates for a while. Last month when rates went up and the indicators showed they will likely go up again when the Bank of Canada increases their rate this summer, we locked in just before they went up. We were able to lock in for a 5yr fixed at 3.65%. No crystal ball here, but here's hoping!

If you'd like to be put in touch with a great mortgage specialist let me know!

OH at 159 Brenneman

2010-04-30T17:19:00.000-07:00

Inviting you all to come join me at 159 Brenneman Dr. in Baden for an open house 2-4 tomorrow (Sat).

Listed for $259,500 MLS Great 3 bedroom 2 bath semi, finished basement, back onto greenspace.

Email me for more information or better yet, come visit me at the open house!

March Stats from KW Real Estate Board

2010-04-07T05:16:00.000-07:00

The strong market in Kitchener Waterloo continues both with volume and prices. Volume up 47.1% from last March and prices up 9.6% from last March with an average price of $276,695.

To read the full report click HERE

Enjoy!

Happy Buyers

2010-03-29T07:23:00.000-07:00

Another reference from some great buyers:

"We just purchased our first home and working with Krista was such a pleasure. We decided to purchase our house with Krista based on a co-worker's glowing referral and we were not disappointed. As first time homebuyers we were a bit nervous and it was so important to us that we felt comfortable with our agent. Krista was able to put us at ease. She walked us through each of the steps, explained everything along the way, and cheerfully answered all of our questions (and we had a lot!). Her professionalism was greatly appreciated and one of the things we appreciated most about her was her commitment to always being honest and open with her comments and whenever she was answering our questions. We saw a number of houses and we never felt pressured to buy a house that wouldn't feel like our home. Krista is great at answering e-mails promptly and has been excellent at providing us with sources and advice for any questions we have (whether it's lawyers, flooring, or furniture she takes the time to research our questions and does her best to find us an answer). Thanks for all your help Krista!!" - T&H, Waterloo

MLS and the News

2010-03-25T13:13:00.000-07:00

I'm sure you've heard plenty of interesting views and opinions in the media in recent days regarding the amendments that the Canadian Real Estate Association made on Monday. It's all very confusing and complicated. And unfortunately, the media has reported a number things that just aren't accurate. Basically the controversy has arisen through the perception that consumers don't have choices. An interesting perception, but is it really accurate?

To be clear, you have always had the opportunity to sell your own home. That has not changed. That is your legal right and there are certainly plenty of advertising sites and companies out there who are more than willing to assist you in that. The government has stipulated that in order to participate in brokeraging buying and selling property you must either own the property or be a licenced Realtor.

You also, have always had the opportunity to seek out different services from different Realtors at different prices. The Canadian Real Estate Association, The Ontario Real Estate Association, Re/Max Twin City, my boss, other Realtors, not even my husband ;) has ever stipulated how I, as a Realtor run my business. I set my own fees and offer my own services. For as many agents that are out there, that's about how many different business models you'll find.

The MLS system is a system that has been built up and developed over the years by REALTORS, through their fees to the Canadian Real Estate Association (CREA). It's not a public system. It's a regulated system which presently can be viewed by the public and used by anybody for a fee by using a Realtor who is obligated to be a member of a local real estate board, a member of the Ontario Real Estate Association, and a member of the Canadian Real Estate Association. And as you can imagine, none of those mandatory memberships come free or cheap!

One of the benefits of the MLS system is that there is a high degree of integrity in the accuracy of the information on it. An accuracy which is highly regulated and for which Realtors, who are governed by a Code of Ethics, are held accountable for. Again, the integrity of the information which makes the MLS systm so reliable is something that comes at a cost.

Property owners have the choice to sell a property themselves, using their choice of methods, they have the choice to use a plethora of different Realtors with a huge variety of different business models. The reality is that things don't come for free. One cannot expect to receive all of the benefits of working with a Realtor without some compensation.

In my opinion, the world of real estate is constantly changing. That's nothing new. And it will continue to change. Therein lies the reason that Realtors are constantly taking courses, researching, and educating themselves in their areas of expertise. There will always be those who choose not to use these expertise, but for those who do, there will always be a cost. That's just as much a reality as change is. And there's my rant for the day! :)

If you have any questions at all I'd love to hear them and I'm always more than happy to research the answers to them! Thanks!
krista@jonkerteam.com

MOULD

2010-03-24T11:50:00.000-07:00

Today I had the pleasure of taking a great course on Mould put on by Chad from Pillar to Post Home Inspections.

Here are some highlights I wanted to pass along:

*Mould is everywhere and pretty much every house has it somewhere. The problem is when there are large quantities of the more dangerous spores.

*Mould can grow on wood products, drywall, wallpaper, insulation, carpets, dust (dirt), but can't grow on things like glass or vinyl.

*Mould needs the following 4 things to grow: spores, nutrients, the right temperature (18-24C or 65-80F), and moisture.

*Don't finish a basement in the first year, rather run a dehumidifier to dry it out.

*Contrary to popular belief mould is actually more common in newer homes than in older homes, because they're often too airtight.

*Main ways to avoid it:

- Keep a healthy air flow in your home. It's actually cheaper to heat cold dry air from outside, than it is to heat moist warm air in your home. Keep your furnace fan on at least an hour each day. Keep a window open, just a crack, even in the winter and don't keep your blinds closed up. HRV (Heat Recovery Ventilation) systems on your furnace are great for good air flow because they bring in outside air and pump out stale inside air.

- Keep water and moisture out of your home by keeping a proper grade around the exterior of the house, by maintaining caulking around windows, and keep your roof and flashing in good repair.

* Key point: Don't just clean mould. Find the source of the moisture and fix it or you will just have the problem again.

Any questions just let me know! krista@jonkerteam.com

Happy Buyers

2010-03-18T17:53:00.000-07:00

So, over the past few years I've taken pics a few times of clients putting their sold stickers up.....or more precisely, my clients' KIDS! Tiffany and Herb are so excited about their new home they asked if they could have the honour of putting up the stickers. How cute are they? ;)

This may just start a new trend guys!

Congratulations!

Too cute!

Awesome moves!

March Update

2010-03-15T08:08:00.001-07:00

You don't have to look far this spring to realized the KW real estate market is already picking up. Between the promise of rising interest rates in the fall, the new mortgage rules in the fall, and the lovely HST hitting us all in July, the rush is on. Many buyers and sellers are trying to get their moves out of the way before all of the changes. Certainly the February stat numbers I posted indicate an increase in the market!

2010 so far has been moving at a steady pace. The year began with a great referral from an agent in London to a couple moving to KW from Brampton. H&N were able to find a great backsplit with little to do and a cute little backyard to relax in. Funny how a house can fit a couple like a glove as soon as you walk in.

I've been doing a number of compartive market analysis's for clients who have been debating whether to move now or not. And working with a number of buyers who are looking for that perfect home. T&H were a great referral from good friends who have used me a few times before. T&H found their first home last week and we'll be busy doing the home inspection this week. There were also a few of my previous clients who referred me to E&N who are now looking for a great place to move to as their second home and hopefully a home they can stay in for years to come.

I've been involved in a number of multiple offers this year already. Homes that were priced right in many senses, but because of the sheer lack of inventory, sold for more with multiple buyers interested.

Later this month I'll be meeting with S&R to list their home, J&H to find a new home in a "new-to-them" community here in KW, and A, who is hoping to find another home and sell the one she's got.

Well, the kids are home for march break so this week is a bit of a juggle. Time to keep them occupied for the afternoon!

Thx for reading! If you have any questions or know someone who might need my services, please let mw know!

February Stats

2010-03-03T20:22:00.000-08:00

I think I finally learned how to properly link these stats! :) The hot spring market in KW has begun!

KW Real Estate Board Stats for Feb. 2010

New Mortgage Rules

2010-02-18T07:06:00.000-08:00

Well, you've probably heard that Canada's Finance Minister, Jim Flaherty announced some new rules for mortgages in Canada. The hope is to slow the real estate market down a bit and keep people from overextending themselves in credit.

Here's the gist of the rules....I'm by no means a mortgage specialist, so it's always good to go to the expert before making any decisions, but here's my take...

*All buyers will now need to qualify for a 5yr fixed mort. rate. Whether you're going to end up with a 3 yr or a variable rate, you'll be required to meet the standards of that higher interest rate. This way you'll be prepared for the higher rate when it comes. Interest rates are expected to start increasing later this year.

*As of Oct. 15th there will be no more opportunity to get a 40 yr nothing down mortgage. There will be a limitation to a 35 year minimum 5% down. If house prices go down (as they're expected to) then this will help limit the number of people walking away from houses that they owe more on than they're worth, which is what was happening in the US market.

*Lowered max amount that Canadians can withdraw in refinancing their mortgage from 95% to 90%. Limiting those who have been taking out almost all of their equity to spend on other things.

*increasing the minimum downpayment on non-owner properties to 20% down. This will affect those who have been thinking about buying rental properties. Now they'll need more money to put in if they'd like to purchase.

Essentially, these new rules are intended to keep Canadians from overextending themselves with credit that they may not be able to afford when interest rates go up and house prices go down.

Personally, I think they're late, but better late than never. I tend to advise my buyers to be sure that they're doing the math themselves and not just going by what the lenders will give them. When buyers are pre-approved they receive a max amount they can borrow. Then I tell people to take a look at the numbers and add in the fact that they may want to vacation, go to the movies, give, .....EAT!!!....and the max number will likely be less. I like it when I hear buyers say that they've been preapproved for $300,000, but want to keep their max at $250,000.

Cautious buyers are wise buyers.

Feel free to email me if you have any questions! Like I said, I'm not a mortgage expert so it's always good to consult with one before making any decisions on your own finances!

HST and you!

2010-01-12T07:59:00.000-08:00

As I’m sure you’ve heard by now, come July 2010 the GST and PST will be replaced by the infamous Liberal HST. What do you need to know about how this will affect the real estate world?

For SELLERS the biggest way the HST will affect them will be in real estate commissions. Presently the real estate commissions you pay as the seller of a property have GST added on top of that percentage. Come July, the entire HST will be applied.

So, as an example: on a $300,000 home, using a 6% commission with a closing date prior to July you would pay a total of $18,000 plus GST = $18,000+900= $18900
With a closing date on or after July 1st 2010, the commission would be $18,000 plus HST = $18,000 +2340 = 20340.
An increase of $1440.

Obviously this will be a significant increase owners should be aware of when planning a budget for selling a home.

For BUYERS the biggest way the HST will affect them will be in purchasing a new home. Presently the GST is not applied to resale homes, but does apply to new homes. Most builders include the GST in their purchase price, but this is certainly something that should always be clarified so there are no surprises. Come July 2010, the HST will be applicable to the purchase of new homes, and you can bet this increase will be passed along to the buyer.

So, as an example: Presently on a $300,000 new home, the builder might add on the 5% GST of $15,000 making the price to the buyer $315,000. Come July 2010, if the buyer includes the HST in their price to the buyer, the buyer will be paying a whopping $339,000.
An increase of $24,000!!!
Thankfully the provincial government has recognized the blow this would have for the new home industry. So, homebuyers will be able to claim a rebate of some of the provincial portion of the tax for new homes priced up to $500,000. The rebate for new primary residences under $400,000 will be six percent of the purchase price (or 75 percent of the provincial portion of the tax), with the rebate amount reduced for homes priced between $400,000 and $500,000.
Will still result in an increase but not as much of a blow.

Buyers of new residential rental properties will receive a similar rebate.

Not considering buying or selling, but you are a home owner? How will this affect you?
In reality, the HST will mean that the costs of all services will increase. Hiring a plumber, a roofer, a carpenter will all cost more money. Heat and hydro costs will no longer be exempt and you'll pay the full 13%.
Rental fees and condo fees are exempt, but you can bet that the increase in costs of heat and hyrdo and property managament fees will be passed along to the renters and condo owners eventually.

Certainly if you have any questions as to how the HST will effect you, I'm no tax expert, but pop me an email and I'll find an answer for you!

A new year.....New biz and new beginnings

2010-01-05T07:22:00.000-08:00

A new year has begun. Happy New year to all of you!

It's a time for fresh starts and renewed commitments. Looking back on 2009 we saw a tentative year in the housing market in KW....still strong, but tentative. Looking into 2010 I think we will see more of the same but stronger. The economy is not completely out of the woods, yet in the Kitchener Waterloo area we still seem to be moving forward and getting stronger.

The end of 2009 saw C moving into her new condo after a lengthy search to find just the right one. And A choose a new home to move into with East Forest Homes. It will be exciting for her in the next few months to see her home being built.

2010 continues the search for homes for some clients and has already brought on new clients as well. Looking forward to meeting with A&H, an out of town referral, next week as they begin their search for a home in Waterloo.

As you begin this new year, keep me in mind if a new property is on your list for 2010. And because most of my business comes through referrals please pass my name along to others you know who may need the services of a realtor.

Thanks for a great 2009 everyone and here's to a great 2010.

In close, here's a reference from another happy client....

"In the short time we've worked together Krista, it has been a real pleasure! You were always very friendly and helpful and never made me feel like I was an interruption to your day. I plan to stay in my new home for many years, but when it does come time to sell, I will be sure to give you a call. I have already told several people if they need a real estate agent who really takes their best interest at heart, to give you a call." A, purchased new home in Kitchener.

December KWREB News Release

2009-12-03T11:31:00.001-08:00

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

Closings....

2009-11-17T09:39:00.000-08:00

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!

October Stats

2009-11-04T12:05:00.000-08:00

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

Fire Alarms and Fall update

2009-10-27T11:25:00.000-07:00

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!

Google Street

2009-10-07T19:36:00.000-07:00

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#

Reference

2009-10-02T11:59:00.001-07:00

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

Busy Busy!!

2009-10-01T09:46:00.000-07:00

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!

Progress

2009-09-27T07:15:00.000-07:00

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!

Fall Market

2009-09-22T09:12:00.001-07:00

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!

August Stats

2009-09-03T18:16:00.001-07:00

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.

buyers, buyers, buyers....

2009-08-26T11:07:00.001-07:00

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!!

Updates...

2009-08-04T09:29:00.000-07:00

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!

Reference

2009-07-27T18:43:00.000-07:00

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! :)

Private Buyers/Sellers

2009-07-22T07:48:00.000-07:00

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."

SMART RENOS

2009-07-03T07:59:00.000-07:00

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/

LOFTS VIRTUAL TOUR AND NEW HOMES

2009-06-23T03:57:00.000-07:00

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! :).

Great People I refer to....

2009-06-18T09:13:00.000-07:00

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!

Eco-Energy Audits

2009-06-14T19:58:00.000-07:00

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

Reference Letters

2009-06-10T08:51:00.000-07:00

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 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

Investment Opportunity

2009-06-08T06:01:00.000-07:00

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!

A Day in the Life.....and May Stats

2009-06-03T18:10:00.000-07:00

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!

407-225 Harvard Place and Grand Lofts

2009-06-01T05:40:00.000-07:00

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!

FIT TO SELL

2009-05-27T08:08:00.000-07:00

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.

Revisits and Blog Stalkers

2009-05-25T15:41:00.000-07:00

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! :)

New House/Old House

2009-05-20T05:46:00.000-07:00

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!

MCM Architecture and Mannheim

2009-05-16T09:26:00.000-07:00

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!

Welcome!

2009-05-15T05:40:00.001-07:00

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.