Below you will find my monthly newsletter that is emailed out to clients, friends, relatives or anyone else who has requested to be included. Every month new information is posted that pertains to Real Estate and home ownership. Everything from how to select the right agent for you to when's the best time to water my lawn.
If you would like to be added to the monthly newsletter feel free to contact me with your email address and I will be happy to include you in next months edition.
April 2015

Andrew Rink
Phone: 306.527.9507
Email: andrewrink@remax.net
Website: andrewrink.com

Well here we are, 3 months into 2015. Let's explore what's been happening since 2015 brought itself upon us.

All numbers as of March 31, 2015 and represent the Regina Area. Includes all price ranges and all styles.

Current Active Listings- 1324
Total Sales- 524
Total Number of Homes Selling-38%
Sale to List Percentage- 96.2%

So how does all this compare to last year at this time.

Current Active Listings- 1145
Total Sales- 541
Total Number of Home Selling- 41%
Sale to List Percentage- 97.2%

 As someone who has either bought or sold a home with me here's the important items to note. Although the numbers are showing an increase and decrease in areas, houses are still selling in Regina. There is however a caveat to that comment. Buyers are becoming more picky and less willing to negotiate and because of that if a home does not show 8-10 out of 10 it becomes a challenge to sell. So what makes a home show 8-10 out of 10. There are a lot of factors and everything from both the inside and outside must be considered. Feel free to give me a call if you need help determining which areas you should focus on that will make for a quicker sale.

On a completely different note, my website www.andrewrink.com has gone live. Feel free to navigate through and if there is any good or constructive feedback you could provide me it will be warmly welcome. 

Best Regards




 

Preparing Your House for Sale in Less Than a Week
article 1 image


It’s great when you have lots of time to prepare for something important. But life doesn’t always happen that way. Sometimes you have to move quickly, and do the best you can with the time you have.

Say, for example, you had to get your house ready for sale, and you only had a week to do so. What could you do in those few days to make your home as attractive as possible to potential buyers? Here are some ideas:

  • Clean the house from top to bottom. Make it look “guest ready”.
  • Get rid of as much clutter as possible. If necessary, put some things in storage. Try to make every room look organized and spacious.
  • Get all minor repairs done.
  • Paint. It’s the fastest and cheapest way to dramatically improve the look of any room.
  • Don’t forget the outdoors. Prune the hedges, sweep the walkways, and deal with any potential eyesores — such as a rusted old bike stowed in the side yard.
  • Place some fresh flowers in the dining room and outside next to the front door.
  • Depersonalize your house as much as possible. For example, stow away family pictures. You want buyers to imagine themselves living there, not you.

This is just a partial list of ideas. A good REALTOR® can help you with more tips on preparing your house so that it sells quickly and for the right price.

Want help? Call today.

 

Lighting Matters When Selling Your House
article 2 image


Remember the last time you were in a furniture store or other major home retailer? Remember the fully decorated displays of furniture, appliances and other products? Some of those may have even been organized as model rooms.

What did most of those displays have in common?

Chances are, they were well lit.

In fact, in the retail industry, there are professionals who specialize exclusively in display lighting. It plays such an important role in showcasing and selling home products successfully that the stores are willing to absorb the expense.

And the same holds true for your house.

If you want to show your house well, and sell it quickly and for the best price, make sure every room is well lit.

There are probably some rooms in your house where the lighting is adequate, such as the kitchen and bathrooms, and perhaps the foyer. But there are other areas where the lighting may be mediocre. Take a close look at:

  • Closets
  • Storage areas
  • Bedrooms
  • Laundry rooms
  • Hallways
  • The garage

If there are areas in your house that are dark or shadowy, the solution may be as simple as installing higher wattage bulbs, provided your fixture can accommodate them. Keep in mind that brightness can vary significantly from one type of bulb to another. For example, a 40-watt energy efficient bulb may not give off as much light as a comparable standard bulb. So do some experimenting. Your goal is to make the room feel bright yet comfortable on the eyes.

Also, don’t forget to open drapes and blinds. Often the best and most pleasant source of light for a room is the sun shining through a window.

Want more tips on showing your house well? Call today.

 

Increasing Foyer Appeal
article 3 image


You’ve heard of curb appeal. It refers to the good impression buyers tend to get when they first see your house “from the curb”. The greater the curb appeal, the more enticing your house will seem.

But there’s another type of appeal you may not be aware of: Foyer appeal. That’s the impression buyers get when they first walk in the door.

Think of what happens when someone visits your house for the first time. Chances are, they stand in the foyer for a few moments, look around, and take in the view of your house from that perspective.

That’s why, if you’re preparing your property for sale, it’s important to make the foyer look as attractive and inviting as possible.

Obviously, you want to make sure it’s clean and free of clutter. You don’t want potential buyers to trip over shoes or catch a glimpse of an over-stuffed coat closet.

If you have a welcome mat, make sure it’s clean and in good shape. Or, better still, buy a new one.

Finally, make sure that the rooms that can be seen from the foyer look attractive.

The impression you want to make is, “Wow. I can’t wait to see the rest of the house!”

 

notable, quotable... quotes!

 

“The best way to predict your future is to create it.”

Unknown

 

“The first half of life is finding out how to do things. The second half is enjoying them.”

Frances Lear

 

“Ability is of little account without opportunity.”

Napoleon Bonaparte




March 2015

Andrew Rink
Phone: 306.527.9507
Email: andrewrink@remax.net
Website: andrewrink.com

There’s no doubt that certain properties will generate a great deal of excitement at this time of year. But, no matter how enticing things get, emotions should never be allowed to overshadow personal priorities. Keeping the focus on your goals, helping you in a professional and meaningful way in support of your objectives and always being of service, no matter how busy it gets is my job. I’m proud to say, I enjoy serving my clients, and they often show their appreciation by recommending me to others!

I’ll always be grateful for client referrals, because it demonstrates your confidence in my ability to provide the professional, reliable services you need to reach your goals. Everyone knows that real estate can be very rewarding, but the best results will always come from a good relationship – truly a priceless property.

Thanks for your support!



 

Understanding Market Value
article 1 image


If you were going to sell your car, what would you do? Well, you would probably check to find out how similar vehicles to yours are priced. Then you would set your advertised price within that range.

What you would be doing, perhaps without knowing it, is determining the “market value” of your car.

Market value is simply what buyers today are willing to pay for a particular product.

When you decide to put your house up for sale, one of the first things you and your REALTOR® will do is determine the market value of your property. That’s important to know because if you price your home too much above its market value, you probably won’t get any offers. Alternatively, if you price your property too low, it might get snapped up quickly but you’ll have left a lot of money on the table.

How does a REALTOR® help you determine your home’s current market value?

He or she will look at a variety of factors, such as the desirability of the neighbourhood, the features of your home, how well it has been maintained, renovations and other improvements you’ve made, and of course, its location.

Your REALTOR® will also review what similar homes in your area have sold for recently – which is, perhaps, the strongest indicator of current market value.

Once you know the market value of your home, you can make an informed decision as to how to price it so that it will attract the right type of buyers and the best possible price.

Should you price your home high above its market value in the hopes that some unwary buyer will purchase it? Unfortunately, that rarely works.

The good news is, your property may be worth more than you think. One of the best ways to find out is to invite a good REALTOR® to your home to do an assessment.

Looking for a good REALTOR®? Call today.

 

Stay or move? How to decide
article 2 image


Do you sometimes review the real estate ads in your local paper? Do you drive by an open house sign and feel the urge to stop and check it out? Those are common indications that, at least on some level, you’re thinking about the possibility of making a move.

But how do you decide if you should actually move?

The first step is to consider whether there are any practical reasons to consider buying a new home. What’s pushing you in that direction?

  • Is your current home too small for your needs?
  • Is the commute to work, for you or your spouse, too long? (Perhaps longer than you expected when you purchased the home?)
  • Are there property features you would now like to have, such as a larger backyard or a more spacious kitchen?
  • Has the neighbourhood changed in an undesirable way?
  • Do you have personal reasons for wanting to move, such as a desire to be closer to relatives in another area?

Carefully consider those things that can’t change unless you move. For example, if a major highway was recently built near you, the ongoing sound of traffic isn’t going to go away. It’s now part of the neighbourhood.

If there are no practical reasons for moving, there may still be other reasons for wanting a new home. You may want to move your family to a better neighbourhood, with better schools or you may simply want a bigger home, with a larger backyard, more rooms, and a wider driveway.

There’s absolutely nothing wrong with simply wanting a better place than the one you have now. In fact, that is a common reason why many people make a move.

The point is, if you’ve been thinking about a new home for a while, perhaps now is the time to take the next step. A good REALTOR® can help you understand your options.

Looking for a good REALTOR®? Call today.

 

Shopping for the Right Neighbourhood
article 3 image


When most people shop for a new home, they think about the kind of house they want: three bedrooms, two bathrooms, trees in the backyard.

But it also makes sense to shop for the right neighbourhood.

Think about it. In what type of area would you most like to live? What neighbourhood features do you want most? For example, you may want your next neighbourhood to have a good high school, a nearby recreation centre, and close access to public transit.

Make a list of what you want and then go “shopping” by visiting neighbourhoods that meet your criteria.

Your next home is more than just a property; it’s a dream home in a desirable location.

 

notable, quotable... quotes!

 

“Don’t judge each day by the harvest you reap, but by the seeds you plant.”

Robert Louis Stevenson

 

“When I hear somebody sigh, ‘Life is hard’ I am always tempted to ask,
‘Compared to what?’"


Sydney Harris

 

“The way I see it, if you want the rainbow, you gotta put up with the rain.”

Dolly Parton


February 2015

Andrew Rink
Phone: 306.527.9507
Email: andrewrink@remax.net
Website: andrewrink.com

Last month's newsletter provided insight into the 2014 market statistics. It's interesting to see how one month can bring about so much change. In January the Bank of Canada adjusted their Overnight Bank Rate by 25 basis points. It didn't take long after that for some of the major banks to reduce their prime lending rate. Subsequently the reduction has made it easier for individuals to obtain financing. As I write this a 5 year closed mortgage can be found at a 2.69% rate. The Government sees this as a way to grow the economy and increase job growth. Foreign countries also have the ability to purchase Canadian goods thru our exports at a reduced price as the lower Bank Rate has lowered the value of the Canadian dollar.

So what does all this mean for you? It depends on your situation. As a buyer, there's an opportunity to find a home for good value while obtaining the funding you need at historically low rates. As for selling, the lower interest rates could bring more buyers into the market which could level out the amount of selection buyers have. My outlook for the next few months is that both supply and demand will slowly move themselves closer together bringing about a balanced market. 

Feel free to email or call should you have questions about the market. 

Best Regards



 

Getting A Handle On The Home Selling Process
article 1 image


You probably know there’s more to selling a home than putting up a FOR SALE sign. But if you don’t understand the process in detail, you might feel intimidated and stressed when it comes time to put your property on the market.

Fortunately, the home selling process isn’t that difficult to understand. There are basically six steps.

Step one is selecting the right REALTOR®. You need a knowledgeable, trusted expert who can guide you through the process, take care of all the details, and help sell your home quickly and for the best price.

Step two is preparation. You need to ensure your home is clean and uncluttered. It’s also important that you take care of any needed repairs, even minor ones like wall dents. You may also need to consider a home improvement, such as replacing worn carpeting.

Step three is the listing price. You need to select a listing price at or near the fair market value of your property.

Step four is promotion. How will buyers find out about your property? Will they see it on MLS? Will they come across an ad in the newspaper or on the internet? Will they receive an invitation to an open house? An effective promotion plan is critical.

Step five is dealing with offers. Ideally, you’ll get several. But the best offer is not necessarily the highest one. An offer can fall through for many reasons, so dealing effectively with offers is, perhaps, the most important part of the home selling process.

Step six is the transaction. Once the sale is made, you want to know that you have the right professionals in place – your lawyer, mover, etc. – to make sure all the after-sale details are taken care of properly.

Want more ideas for making sure the home selling process goes smoothly for you? Call today.

 

Help Buyers Understand The Area
article 2 image


There’s a famous saying in the real estate business: “Location, location, location”. It simply means that where your home is located — the neighbourhood — is just as important to potential buyers as the features of the property itself.

Sellers often make the mistake of creating a long list of home features while ignoring neighbourhood features. They tout the spacious kitchen, the newly renovated bathrooms and the gorgeous backyard deck, but say little about the area.

So when you’re ready to sell your home, sit down and create two lists: home features and neighbourhood features. Buyers want to know both.

On that neighbourhood features list, include:

  • Location of schools and daycare centres.
  • Major retailers and shopping centres.
  • Proximity to major commuting routes.
  • Theatres, night clubs and other entertainment.
  • Rinks, gyms and other sporting facilities.
  • Green space, walking trails, ponds.

When buyers have their eyes on two properties which are comparable in features, the neighbourhood is often the deciding factor.

A good REALTOR® who knows your area can help. Call today.

 

5 Things Home Buyers Don’t Want To See
article 3 image


When preparing a property for sale, homeowners often focus on the things that will impress buyers, such as clean and uncluttered spaces, well lit rooms, staged furniture designed to maximize appeal, and so forth.

But it’s equally important to pay attention to those things you don’t want buyers to see... those little turn-offs that, although seemingly minor, can distract buyers and cause them to lose interest in your property.

For example, you don’t want buyers to see these things:

Pets. Although many people love pets, some don’t. Others are allergic to them. Dogs, in particular, can take a keen interest in new visitors, jumping and barking excitedly. It’s best to take pets for a walk during viewings.

Unfinished repairs. Dripping taps. Gouges and marks on walls. Broken tiles. Squeaking gates. Home buyers will notice, and may mistakenly think there are other deficiencies lurking in your home. Do as many repairs as you can. Then be upfront about those that are in progress.

Clutter. It’s common for main rooms, like livingrooms and kitchens, to be clean and uncluttered during a viewing. But buyers who become interested in your property will take a closer look, and check out the garage, cupboards, backyard shed and other places where things tend to accumulate. The more you de-clutter, the better your property will show.

Smells. Obviously not something a buyer will see, but he or she will definitely notice lingering odours associated with pets, garbage, exotic cooking, and smoking. Scents have a strong influence on emotions. That’s why perfume companies do so well! So make sure your home is as scent-free as possible.

You. Nothing personal. When buyers view your home, they want to visualize themselves living there, not you. So let your REALTOR® be the host. Remove as many personal items, such as family pictures and trophies, as possible.

 

notable, quotable... quotes!

 

“Excellence is not an act, but a habit.”

Aristotle

 

“Learn from the mistakes of others. You can’t live long enough to make them all yourself.”

Eleanor Roosevelt

 

“The world can only be grasped by action, not contemplation.”

Jacob Bronowski


January 2015

Andrew Rink
Phone: 306.527.9507
Email: andrewrink@remax.net
Website: andrewrink.com

YEAR IN REVIEW!!

Depending on who you ask, 2014 had some pretty interesting events occur. What with the oil prices dropping, Apple still maintaining their position as the most valuable publicly traded company, and my wife and I getting married. It was a pretty crazy year. Along with that, real estate in Regina was a hot topic. The 20 year high of inventory coupled with the small slide of housing prices really put Regina real estate at the forefront. With that I'd like to provide you with the year end numbers for the Regina and surrounding market.

AVG Sale Price. $320,464
Down $2,619 from 2013 ($323,083).
Up $14,723 from 2012 ($305,741).

Days to Sell: 46.
Up 8 Days from 2013 (38).
Up 11 Days from 2012 (35).

Number of Houses Actually Selling: 43%.
Down 6.5% from 2013 (49.5%).
Down 16.2% from 2012 (59.2%).

List to Sale Price: 95.8%
Down .5% from 2013 (96.3%).
Down 1.3% from 2012 (97.1%).

Total Units Sold: 3826.
Down a total of 4 sales from 2013 (3830) .
Down a total of 306 sales from 2012 (4132).

Overall, statistics are showing a slow down in our market as a whole. Buyers have some opportunity to find some good value while Sellers might not be able to achieve a sale price similar to those obtained in 2013 or 2012. The outlook moving forward should be one that includes a more balanced market of equal Buyers and Sellers. With interest rates not looking to be increased significantly any time soon and job growth still at a good level Regina should be confident in having home prices remain steady for 2015.

With that I'd like to thank everyone for a great year and I look forward to working and chatting with you in the future.




 

The Benefits of a Pre-Sale Inspection
article 1 image


Your home probably has dozens of great features that are going to help it stand out and sell faster. Perhaps it has a cozy sunken living room? Or an equipped and smartly decorated kitchen that Rachel Ray would envy? Or a location in a desirable neighbourhood?

All these things will help.

But there’s another selling feature you should consider adding: a pre-sale inspection.

A professional home inspection is usually done on behalf of the buyer before the deal to purchase a property is finalized. In fact, you can expect any offers to purchase your home to be “conditional upon satisfactory home inspection.” However, there are two good reasons why you, as the seller, should get the home inspection done:

Reason #1

A professional inspection can identify problems that might otherwise thwart the sale.

Say, for example, you get a great offer but the buyer’s home inspector discovers a minor leak in the foundation. That might be enough to jeopardize the deal. However, if you had a professional inspection done, you would have had the opportunity to get that problem fixed in advance of the offer.

Reason #2

Informing potential buyers that a professional inspection has been done is a great selling feature. It demonstrates to buyers that there are no hidden problems with the property, which gives them more confidence to make an offer.

A certificate of home inspection can be as enticing a feature to home buyers as a wrap-around deck!

Need more ideas for selling your home faster and for a better price? Call today.

 

Does Location Really Matter?
article 2 image


You find a beautiful home available on the market, but you’re not so sure about the location. Does it really matter all that much? Yes, it does. That’s why you’ll often hear REALTORS® say, “Location, location, location.”

The location of a home you’re considering buying will affect you in two ways.

First, it will affect the property’s future resale value, especially if the neighbourhood is becoming less desirable.

Second, it will affect your lifestyle. If the area doesn’t have the features you want — nearby schools and playgrounds, walking trails, proximity to activities that interest you, such as golf or theatre — you probably won’t enjoy living there.

A good REALTOR® will help you find the right home in the best location for you.

 

The Advantage of Getting Pre-approved
article 3 image


One of the best things you can do to ensure you get the home you want is to arrange for financing before you go shopping. This is often referred to as getting “pre-approved”.

Getting pre-approved simply means that your lender has calculated how much of a mortgage they’re willing to offer you, depending on your down payment and current financial situation.

There are two advantages to having a pre-approved mortgage. First, you know exactly what you can afford when shopping for a new home. Second, when you make an offer, you’re likely to be taken more seriously.

 

notable, quotable... quotes!

 

“Things may come to those who wait,
but only the things left by those who hustle.”


Abraham Lincoln

 

“The more you are thankful for what you have,
the more you will have to be thankful for.”


Zig Ziglar

 

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

Albert Einstein

 



 

Andrew Rink
Andrew Rink
Andrew Rink Real Estate Prof Corp.
Associate
234 University Park Drive Regina SK S4V 1A3