Wednesday, October 17, 2018

Weekly Stats: Realtors Association of Hamilton Burlington

Our Real Estate Board, The Realtors Association of Hamilton Burlington (RAHB) has begun reporting WEEKLY stats!  To expand on our monthly stat reporting currently found on our website, you'll find a weekly addition to your profile.

This will help us all to keep a closer eye on the changes as we evolve through our changing Real Estate markets. October 7th-13th for Hamilton Burlington, attached... our starting point! 

Note that the average sale price for Burlington for the month of September was $773,258... our weekly average is down to $719,400 as of current stats.  The opposite is true for Hamilton, with average sale price for the month of September having been $414,831... our weekly average is up to $492,001.

1) Data are RAHB Matrix including non member inter-board listings.
2) Hamilton area:  Region = Hamilton 
3) Burlington area:  Municipality = Burlington and Halton Hills 
4) Sale price >= CAD 40,000 

Friday, October 12, 2018

Seller's Were Asking: HELP! I Want to Change My Closing Date!

HELP! I Want To Change My Closing Date!

It actually happens a lot more than you think when our Buyers or Sellers approach us after they have firmed a transaction and realize they need to change their closing date. Sometimes it’s a day or two, other times it can be weeks! 

To make any change to an accepted offer, it must be done so first and foremost by mutual agreement (including all parties to the transaction) as well as executed formally in writing, amending your original agreement with the new dates. When a closing date or completion date is changed, it’s important to remember your title search date must also be amended to fall in line with any new date selected. Buyer and Seller are at a stalemate? The accepted agreement stands as legal and binding so, business carries on as usual. 

How do you avoid making the mistake? Think and plan ahead! It’s hard to think of dates when you’re sat down putting together the terms of your offer or deep in the throws of negotiation. Before you get too far into your search, sit down with a calendar and your loved ones. Other somewhat obvious tips: steer clear of holidays; both statutory holidays and planned vacays away. Birthdays and anniversaries are other busy times for most… you’d hate to have a house full of boxes while you’re chasing a party of 7 year olds around the house! Think of work schedules also… end of the quarter? Likely not the ideal time to add more stress.

There’s no magical formula and life being what it is, there’s always going to be exceptions or unexpected twists and turns. Your closing date can change should circumstance change, but, our recommendation always is to think it through beforehand to save yourself the worry later on. 

Tuesday, October 9, 2018

Seller's Were Asking: When Do I Call My Realtor

When Do I Call My Realtor

If I only had a quarter for every time someone said “well, I don’t want to waste your time… we’re not ready to sell yet!” The truth is, it’s never too early to call your Realtor. We’ve worked with homeowners for years leading up to a For Sale sign going on the lawn in a variety capacities.  

We’ve helped in planning for renovations both before and after sale… everything from ‘money rooms’ to picking out finishes. We’ve even advised against certain renovations based upon market trends.  We can provide detailed staging lists to help tackle the clutter or get family members on board. We also are happy to recommend handymen, donation sites and so much more well in advance or simply as a kind gesture when needed.  We’ve even gone as far as done yearly check-in’s with homeowners to watch market trend and strategize timing of a purchase and sale. 

So, the short answer to the question? Anytime! A Realtor can be a great neutral sounding board to help make some of these decisions when it comes to your home or investment property. 

Friday, October 5, 2018

Market Update: Market Conditions & Winter Forecast

Market Conditions & Winter Forecast

This Summer and into the early Fall we saw a return to a more balanced market. Looking at the stats you can see it’s been a while since we’ve been here! With the scales tipping in either direction, most notably from the benefit of all Sellers last Spring and then quite drastically back to Buyers this same time last year. 

It’s taken some time and some getting used to for many Sellers but the evidence is seen by the number of days on the market increasing over the last year. The difficulty remained for Sellers still reeling off inflated values, it’s been a frustrating lesson in market trends to say the least.

As we await the arrival of winter weather, we watch the final push of sales from families and snowbirds before a pretty common holiday lull. With many of you already thinking ahead to Spring, our biggest market of the year, we all expect to see more of the same... a balanced and more stabilized pricing strategy will bode well for those looking to make a move this new year.

Tuesday, October 2, 2018

Seller's Were Asking: Emotional Rollercoaster

Emotional Rollercoaster

Your home is the single largest asset you will ever own in your lifetime. I’ll pause to let that really sink in for a minute…. It’s safe to say, purchasing or selling that asset is never a straight and narrow path. We often refer to it more appropriately as ‘an emotional rollercoaster.’ 

We’ve seen it all and everything in between, from the highest of highs; when you see a family beaming from ear to ear in excitement over their new home. To the lowest of the lows; reasoning through with Sellers whose Buyer did not close on the property.  You can expect some bumps and bruises along the way, it’s all part of the journey and most Buyers and Sellers will go through it at some point. 

It’s easy to paint all Realtors with the same brush but, in reality, there are many of us that go along this emotional journey right beside our clients. We feel the emotional anguish of losing out on your third offer or feel the pride and joy of accomplishing your dreams, whatever they may be. We’re right there along side you helping you navigate this journey, together. 

Over the years we’ve talked about finding the right fit in your Realtor and this is exactly why! Working with the right people you can build that trust and confidence will only help make things easier. We feel honoured to be a part of each and every client who chooses the Edwards Difference. We’re right there with you.. at the front of the car, hands up and screaming!

Monday, September 24, 2018

Sellers Were Asking: Four Legged Friends

Four Legged Friends

In all the hustle and bustle of selling a home we often forget about the affect it has on our four legged friends. Most Sellers don’t love the thought of strangers coming into their home and let me tell you, neither do your pets! To save yourself the mortifying discovery of coming home to an accident on the kitchen floor, we often recommend a few different strategies for handling a sale with your fur babies.  

The first and best option? Find a comfortable home and relocate them, at least for your first week/weekend on the market. This is usually the busiest time and your highest traffic flow. It also helps to keep any odours to a minimum and ensures they have the continued care they would normally.

The alternative is, bring them with you! If you have the luxury to bring your pets to work or take your pets with you when you leave for showing appointments, it can make the world of difference. I realize not all pets love the car (“not the VET again!”) which is why we recommend a safe home as your first choice.

If you aren’t able to remove your pets from your home, thats ok.  We always recommend letting your Realtor know so they can let showing Realtors know. It forewarns Buyers to be respectful of their space, ensure indoor pets do not escape outdoors and caged pets aren’t bothered more than they need to be. 

There’s no secret recipe to helping your cat or dog understand what’s going on but, I do know at very least, a few extra treats never hurt!

If you really want to go that extra mile, there's always the option of giving them a safe and exciting place to stay.  Why not check out a doggy getaway, we've got trusted referrals on our Business Directory.