“The best way to predict your future is to create it.”
“The first half of life is finding out how to do things. The second half is enjoying them.”
“Ability is of little account without opportunity.”
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
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
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
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
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
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
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?’"
“The way I see it, if you want the rainbow, you gotta put up with the rain.”
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
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
Feel free to email or call should you have questions about the market.
Getting A Handle On The Home Selling Process
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
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
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
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
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
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
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.”
“Learn from the mistakes of others. You can’t live long enough to make them all yourself.”
“The world can only be grasped by action, not contemplation.”
YEAR IN REVIEW!!
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).
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
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
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
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.
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?
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
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
notable, quotable... quotes!
“Things may come to those who wait,
but only the things left by those who hustle.”
“The more you are thankful for what you have,
the more you will have to be thankful for.”
“Imagination is everything. It is the preview of life’s coming attractions.”