Fewer houses sold from January to May

How often do doctors recommend you get a checkup? Usually, once a year. How regularly do advisors suggest you review your investments? Most say at least annually. So how often should you review your home with your real estate agent? You guessed it! Once a year! Why is that review so important? First, your home is a big investment; possibly your biggest. So, it’s smart to get updated on its current market value.

From January to May 2018 , the average sale price was $169,528, up three per cent compared to same period last year. For the same period, there were 697 houses sold, down 6.8 per cent from January to May 2017.

In May alone , the average price was $169,554 and the total volume of houses sold was $33.2 million. These figures were both down 2.4 per cent compared to same month last year.

In addition to being an investment, your home is also a part of your lifestyle. It’s important to review it each year to see if it’s still a good fit for your changing needs.

As your real estate agent, I’d be happy to stop by at your convenience and do an “Annual Real Estate Checkup”. I’ll let you know, approximately, what your property is worth on today’s market, and we can discuss the latest market trends.

Do Open Houses Still Work?

Buyers are using the internet to search for properties more than ever before. In some cases, they can even go on a “virtual” tour of a home using their smartphone or desktop computer. So, you might be wondering if the old-fashioned Open House still works these days?

The answer is yes. Otherwise, you wouldn’t see them advertised. If Open Houses didn’t work, no one would be doing them!

No matter how good the internet gets, it can’t compete with a buyer being able to visit a property in person, walk through the rooms, stand in the backyard and imagine himself BBQ-ing with his family, stroll the area, and meet neighbours.

An Open House makes it easy for buyers to do just that. It’s an open invitation for them to come by at a specific date and time, to see the property and chat with the REALTOR®. It’s a casual environment, which
many buyers prefer. Some buyers, in fact, are more comfortable going to an Open House before scheduling a private viewing.

Will you need an Open House to sell your home?

That depends on a lot of factors. When I work with clients, I put together a marketing plan designed to sell the property quickly and for the best price possible. Depending on the circumstances, that may or may not include an Open House.

If you have questions about what would be involved in a quick and successful sale of your home, contact me. I’d be happy to chat and answer your questions.

What Do Interior Designers Do?

If you want to transform a room into something that’s functional, beautiful and perfectly matched to your taste, then you might want to hire an interior designer. It’s an interior designer’s job to come up with imaginative ideas that will wow you.

It’s a myth that interior designers just deal with paint colours, décor and furnishings. In fact, according to the Interior Designers Institute, these professionals have the training needed to handle all aspects of a renovation or remodeling project, including selecting and managing contractors. They can direct a project from beginning to end.

If you want to renovate your basement into a stunning home theatre and gathering place, an interior designer can:
• Draw out several concepts for you to choose from,
• Purchase the best building materials,
• Hire the contractors, and
• Manage the project.

He or she can even pick out classic movie pictures for the walls! There are many professional associations that have “Find an Interior Designer” links on their websites. In the U.S. check out the Professional Association for Interior Designers (www.asid.org). In Canada, it’s the Interior Designers of Canada (www.idcanada.org).

Handling a New Home Problem on Moving Day

moving-day-pic

Imagine buying a product from a store, taking it home, and then discovering there’s a problem with it. Disappointing, yes, but not a catastrophe. You can simply take it back for repair or exchange.

But, what if it’s moving day, and you discover there’s a problem with your new home? Whoa. A house isn’t so easily returned!

What are the most common problems encountered on moving day?

• A delay in getting the keys.

• The seller not having completely moved out.

• An item expected to be included with the property is missing. (For example, the window blinds.)

• Something needs repair that was not disclosed by the seller, nor did it come up during inspection. (For example, the dishwasher not working.)

• Damage to the property caused by the seller. (For example, a heavy item dropped during the move and cracking a floor tile.)

Fortunately, these are rare events. In most cases, you can expect no serious issues when you move into your new home.

But, if something is wrong, you have options. So, call me immediately. In all likelihood, I will be able to quickly resolve the issue.

If it’s a serious matter, such as missing items, I may get your real estate lawyer involved to arrange for the return of the item(s) or compensation.

So don’t worry. Let the professionals handle it. You can just enjoy your new home!

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