I am a little apprehensive saying this because as soon as I say it, we will be hit with a big snowstorm. I hope Spring is here? I love Spring for a few reasons. I always know when Spring is here because I get to go to the Elmira Maple Syrup festival. Who doesn’t love Sapfest! I can picture those pancakes now.. Yummmmmy!! The second thing is I get to open my fish pond. Hopefully my fish are OK this year. There were a couple of really cold nights. We have had really good luck over the past 5 years so I am expecting this year to be the same.
The other way we can tell Spring is here is the Kitchener Waterloo Real Estate market heats up. I can tell this year is going to be hot. Buyers are “chomping at the bit” to get out house hunting. Some already are.. The biggest issue though is the lack of inventory. There are lots of multiple offers going on and buyers are paying more money for houses. Sellers are getting top dollar for their houses. The is great for sellers but not so great for buyers. With that said, interest rates are still low. I think the key thing buyers should consider is the money they are saving in interest from the bank is offset by the prices they are paying for the houses. Move-up buyers will get more money for their houses but they will also pay more money for the house they plan to buy.
What does this all mean? To me it means that it is still a good time to buy despite the higher prices. Not all areas are effected. So you can still get good deals if you look for them. Research is important before making decision.
It is important to get out and see everything that is available and act fast when you find the house you like.
Thanks for reading!
We are a full-time real estate team in Waterloo Region, Woolwich & Wellesley Townships. We enjoy assisting buyers and sellers with the purchase or sale of real estate in the Kitchener-Waterloo, Cambridge, Elmira, Wellesley, Wilmot, Drayton and everywhere in between. If you would like us to help you with your home search, please check out our brand-newfree search website or if you are thinking of selling, get a free market evaluation.
Buyers are in the market right now looking to buy houses. However the biggest problem is low inventory levels. In January, the number of active listings was down 33% over 2009.
Our team has been doing lots of market evaluations for people lately so we know that it’s going to be a busy spring.
Now is a good time to sell because of the following reasons:
less inventory can work in the sellers favour. less competition
low interest rates for buyers making it easier to buy
there’s an abundance of buyers
the minimum downpayment requirement is still 5% and not 10%
the olympics are over. Not sure if that’s a good reason but it sounded good
higher offer potential
multiple offer potential
The next three months are going to be really interesting.
Thanks for reading!
We are a full-time real estate team in Waterloo Region, Woolwich & Wellesley Townships. We enjoy assisting buyers and sellers with the purchase or sale of real estate in the Kitchener-Waterloo, Cambridge, Elmira, Wellesley, Wilmot, Drayton and everywhere in between. If you would like us to help you with your home search, please check out our brand-newfree search website or if you are thinking of selling, get a free market evaluation.
Kitchener East, Kitchener - Absolutely adorable 1 1/2 storey single detached home! Upper level boasts 2 spacious bedrooms with original hardwood. Bright cozy living room with gas fireplace. Separate dining room with newer hardwood.
Many people are getting ready to sell their houses this year and some will be deciding whether to sell privately or with a real estate agent. The purpose of this blog is to let sellers know their options. My goal here is not to slam any particular method. Just to point out the options.
Here are 4 options for selling your house:
FSBO or for sale by owner. There are many people who head to Canadian Tire, pick up the black and orange sign and put it on the front lawn. This way could work if the timing is right or you already know someone who might want to buy your house. People do successfully sell there house this way but is not for everyone.
Using private for sale companies. This is a step up from selling totally on your own. There are two popular private for sale companies in our area. They are Property Guys - www.propertyguys.com and By The Owner – www.bytheowner.com. These private for sale companies help sellers by providing them with a sign, a website where they can showcase all the information about their house along with providing potential buyers with easy access to contact the seller. These sites give the private seller an added advantage over going at it completely alone. I think these services work well for people who want to do it themselves but just need a little bit of an edge.
Discount brokerages. These types of services are similar to the FSBO service providers. The big difference between them is that they are licensed brokerages registered with the Canadian Real Estate Association. Sellers are able to work with these brokerages to help them sell their house. With some plans, you can even get MLS services. This will allow you to have your house showcased on realtor.ca. This is an option for people looking for a alternative to the private for sale companies. This will also give you an edge over going at it completely alone.
Full Service real estate brokerages such as Re/Max.. This is where our team falls into the mix. The majority of homes sell though this method. Full service real estate brokerages offer a full range of valuable services to home sellers. Sellers can benefit by having licensed, skilled and motivated professionals to help them through this sometimes challenging and tedious process.
These services will appeal to the following types of people:
-people who don’t want to be involved in the process at all
- people who lack the ability to negoitate or don’t like to negotiate
- people who live out of the area
- investors that don’t want to be involved in the sale of property
- divorce
- power of sales
- distress sales
- estate sales
The list goes on and on. This is a really good option if you are afraid to go at it alone or don’t see the value in using a discount brokerage.
I also want to add that buyers are better off working with a realtor when buying a house. Especially first time home buyers who know nothing about the process. Buyers are able to benefit by the knowledge of a good realtor. Buying a house without knowing market knowledge could lead to over paying for a house or worst then that buying a money pit.
I want to reiterate that this blog is not intended to alienate any one method. It’s main purpose is to show sellers that they have options. They should choose wisely when choosing which one will give them the greatest result. There will always be people who want to sell privately and those who want to work with a real estate agent. There is room for both…
Good luck and happy selling!
Take care and thanks for reading!
We are a full-time real estate team in Waterloo Region, Woolwich & Wellesley Townships. We enjoy assisting buyers and sellers with the purchase or sale of real estate in the Kitchener-Waterloo, Cambridge, Elmira, Wellesley, Wilmot, Drayton and everywhere in between. If you would like us to help you with your home search, please check out our brand-newfree search website or if you are thinking of selling, get a free market evaluation.
Hi There! I am Warren McNeil from Team McNeil and Re/Max Twin City Realty in Kitchener
The Internet has changed the way we all communicate in this world. As a realtor, we need to constantly stay current with technology and utilize these new methods with our marketing. Technology, if used right, can make a huge difference when marketing a home for sale. Gone are the days of the big MLS book. According to the National Association Realtors, 84% of people start their home search onlne. So hiring a tech-savvy realtor is more important then ever to give you that edge you need to sell or buy your next home. Here are the top 5 reasons to hire a tech-savvy realtor.
Number 5 – Website
It is important that a realtor has their own website. In my opinion, websites are not optional they are mandatory. They serve many purposes. A realtor’s website should be able to display listings with lots of photos, detailed desctriptions of the property and an area for virtual tours as well as provide an easy way for prospective buyers to contact the realtor.
Number 4 – Print advertising
A realtor who utilizes both print advertising and the internet is better able to take advantage of both mediums strengths. Marketing a house for sale in the newpaper and leading the buyer to the website for more information is crucical for maximizing the marketing of a property. You still need both! A tech-savvy realtor understands that many consumers still rely on traditional advertising methods. So don’t let anyone tell you otherwise.
Number 3 – Mobility
Realtors must be able to access email or text messages while in the field. Prospective buyers want information rightaway so it is very imortant for realtors to have a PDA such as a Blackberry or an Iphone.
Number 2 – SEO or Search Engine Optimization
Realtors who have good search engine ranking ensures that your listings get found on the Internet. Realtor.ca is a great website but it is not the only website to rely on when it comes to marketing your home online. Buyers also use search engines such as Google, Yahoo or Bing to look for houses. Realtors who have their websites optimized will have a better chance at getting their house listings found.
Number 1 – Web 2.0 – Social media
The internet has become more interactive over the past 5 years. Having a website is not good enough. Realtors also need to blog, do videos, Twitter and use Facebook. These are all methods that are important for us to connect with clients, prospective buyers and prospective sellers. Having a realtor that utilizes some or all of this technology ensures that you hired the right person to do the job.
The good news is, technology will continue to evolve. As new technologies come out we must harness their effectiveness so we can all do our jobs more efficiently!
Thanks for watching and see you next time!
We are a full-time real estate team in Waterloo Region, Woolwich & Wellesley Townships. We enjoy assisting buyers and sellers with the purchase or sale of real estate in the Kitchener-Waterloo, Cambridge, Elmira, Wellesley, Wilmot, Drayton and everywhere in between. If you would like us to help you with your home search, please check out our brand-newfree search website or if you are thinking of selling, get a free market evaluation.
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wmcneil @ 9:14 am
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