Kitchener Waterloo and Cambridge offer a huge selection of condos, lofts or singles. Whether you want to live in a Kaufman loft, a Keats Way condo, a single-family in Doon South or a townhouse in North Waterloo the choices are endless. But which is the best option?
I have written similar blogs about this topic before but it never seems to get old. I have lots of clients who say to me they would never pay a condo fee. I have other clients who say, they want somewhere that will allow them the freedom to come and go as they please without having to worry about maintenance. Whatever the case is, people have their preference and here are a couple of thoughts to ponder.
One of the cons to condo living is the extra monthly fee you have to pay for maintenance. I had a client say to me recently that they feel that the monthly condo fee is a waste of money. These people lived in a single-family home for 30 years and were used to doing all of their own maintance and upkeep on their house. My goal with them was to explain the benefits of condo living. One benefit I shared with them was that condo living would allow them the flexibility to travel for extended periods of time while leaving the condo unattended. All maintenane and upkeep is taken care of for them. No snow to shovel and no grass to mow. We have many clients who own condos and lofts who absolutely love that they don’t have to worry about these types of things.
Choosing a condominium over a single-family home is about choosing a lifestyle. If you are used to living in a single-family home then moving into a condominium could be a huge shock to you. But wouldn’t it be great to not have to be responsible for repairs or other maintenance. What about underground parking or access to a swimming pool? These are all amenities you can expect from living in a condominium.
Overall, condominiums are a pretty secure investment for buyers over the last ten years. With diligent research on your part, you’ll be able to answer your own “which option is better?” question in the end and feel good about your decision.
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!
Thanks for reading!
Warren & Melanie McNeil | Sales Representatives, Team McNeil RE/MAX Twin City Realty, Brokerage ( 519.579.4110 | 519-498-8118
People relocate for a variety of reasons. Maybe you are looking for a new job, better quality of life or your are just looking for a change. Waterloo Region has alot to offer and is a wonderful area to move into. Here are the top 5 reasons to move to Waterloo Region.
Number 5:
We have a very low crime rate compared to other cities in Canada. In a study done in 2007, Waterloo Region was ranked the fourth lowest crime rate in Canada. So if you are looking for a safe place to live, look no further. (source http://www.techtriangle.com/invest)
Number 4
We have some of the best Universities and Colleges in the world here. University of Waterloo, Wilfred Laurier and Conestogo College.. A lot of very successful companies were formed by alumni who went to these schools. Companies such as Research in Motion makers of the world reknowned Blackberry, MKS and QNX to name a few.According to Wikipedia, University of Waterloo is also known as the Silicon Valley of the North.
Number 2
Easily accessible. This is one of my favourite reasons. KItchener-Waterloo and Cambridge are extremely accessible. The highways travel down the middle of each city which makes getting around the cities very convenient. If you work in Toronto or London, we are only one hour away. Late last year, GO busses started offering their services here from Toronto.
And the number 1 reason to relocation to the area is:
The cost of living here is very affordable. House prices are about 1/3 less then Toronto. The average house price for a single detached home year-to-date was approximately 297,000 for 2009. We have a very strong real estate market with a good selection of different home styles. If you work in Toronto, you can drive a little to save alot.
There are so many more reasons. These were just a few that I thought were worth mentioning. Let me know what you think. If you live in the area, tell us what you like best about Waterloo Region.
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.
This is a question that gets asked almost every day. However the answer is a lot more complicated then just saying “it’s good” or “it’s bad”. Each area of the Kitchener-Waterloo real estate market is different. For example, according to the KW real Estate Board, condos in Kitchener-Waterloo had an increase in 2009 of 2.2% over 2008. Freehold condos increased by 2.2% and single detached homes increase was 0.3%.
In order to get a really accurate evaluation of the market, we need to isolate the area that you are most interested in. For example, lets look at freehold condominiums in Waterloo West less then 10 years old. The next thing we do is pull up all the freehold townhouses that sold within the last year. Feb 1, 2009 – Feb 1, 2010. I get the following information.
Freehold Condominiums in Waterloo West less then 10 years old (Feb 1, 2009 – Feb 1, 2010)
units sold 83
average sale price: 249,500
average list to sale price ratio: 98%
average days on market: 38
Now lets do the same comparison for Feb 1, 2008- Feb 1, 2009
Freehold Condominiums in Waterloo West less then 10 years old (Feb 1, 2008 – Feb 1, 2009)
units sold: 59
average sale price: $250.439
average list to sale price ratio: 99%
average days on market: 62
As you can see there is quite a bit of difference. Last year, there were 30 more freehold condos sold then in the same period in 2008. The average sale price was pretty much the same. In 2008 the list to sale price was higher then 2009. The average days on market was alot better in 2009 then in 2008.
What’s my point here? Well it’s simple, each area of the market require seperate analysis to get truly accurate data. From now on, my response when somebody asks the question, “How’s the Kitchener-Waterloo Real Estate Market?” will be, it all depends on what information you are looking for. For Kitchener-Waterloo as a whole, I would say great!
Anyways, thanks for reading!
We are a full-time real estate team in Kitchener Waterloo area. We enjoy assisting buyers and sellers with the purchase or sale of real estate in the Kitchener-Waterloo or Cambridge areas. 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.
I put together another video that will be helpful for people who are thinking about selling their house. I give you 5 good reasons why you should hire a realtor to sell your house. If you have any questions or comments please leave them below. I hope you enjoy it!
Hello again, I’m Warren McNeil. Real Estate Agent with Re/Max Twin City Realty in Kitchener
Today I am going to talk about the “Top 5 Reasons to Sell Your House with a Realtor”. I know there are many sellers out there right now getting ready to sell their house this year. The primary goal when selling you house is to get the most money possible. And having a good realtor on your side will make sure this process is successful. Here are the “Top 5 Reasons to sell Your House with a Realtor”.
Number 5
Pricing: We know the real estate market and can recommend a price based on recent sales in the area. We also take into consideration the condition of the home and its location. Properly pricing your house could mean the difference between your house selling quickly or sitting on the market forever. The question you need to ask yourself is, do you want to sell your house or do you want to just put it on the market?
Number 4
Market Exposure: A good realtor will market your home to the fullest so that it gets the best exposure possible. The effectiveness of various marketing is always changing, therefore we must remain cutting edge and research what works and stay on top of current trends. In addition to the traditional marketing methods such as print advertising or direct mail we also utilize the internet and social media such as Blogs, Facebook, Twitter and Youtube to name a few.
Number 3
Experience: A good agent who sells lots of homes will be able to provide a high level of experience that will ensure that you get top dollar for you home and will also make sure that the process goes as smoothly as possible. Our experience will help reduce your stress!
Number 2
MLS and realtor.ca. MLS or multiple listing service is a database created by realtors which keeps track of all the homes that are currently for sale and those that have sold. The data in this database is very valuable and provides the realtor, sellers and buyers with information about the local real estate market. Realtor.ca is the main interface to this database and is searchable. Having your house listed in the MLS database will ensure that your house gets the maximum exposure to all prospective buyers anywhere in the world. There could be a buyer in China right now looking to relocate and is using realtor.ca to search the MLS for homes for sale in Waterloo.
And the #1 reason to hire a realtor is to minimize risk and shift the responsibility. To act as a buffer between you and the buyer to ensure that emotions don’t get in the way. To protect your best interests and seek out qualified buyers. Dealing only with licensed realtors instead of complete strangers who may not have your best interests at heart. Shouldn’t you use a trusted professional to protect your single largest asset.
Thanks for reading!
We are a full-time real estate team in Kitchener Waterloo area. We enjoy assisting buyers and sellers with the purchase or sale of real estate in the Kitchener-Waterloo or Cambridge areas. If you would like us to help you with your home search, please check out our brand-newfree search website.
Kaufman loft, a Keats Way condo, a single-family in Doon South or a townhouse in North Waterloo the choices are endless. But which is the best option?
Choosing a condominium over a single-family home is about choosing a lifestyle. If you are used to living in a single-family home then moving into a condominium could be a huge shock to you. But wouldn’t it be great to not have to be responsible for repairs or other maintenance. What about underground parking or access to a swimming pool? These are all amenities you can expect from living in a condominium.
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wmcneil @ February 23, 2010 1:53 am
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