Friday, January 18, 2019

Buyers Were Asking: The Goldilocks Phase

The Goldilocks Phase

For a lot of reasons, buying a home at any stage comes with its challenges and it’s hard to know what’s right without seeing a little of everything. We typically see buyers go through what we like to call the ‘goldilocks phase’. Yes, I’m sure you know the story of the doe eyed blondie who breaks into the home of the three bears. No, no! We’re not suggesting taking a few homes out for a test drive with its unsuspecting owners out of town, but, more mimicking her experience.  

Goldie, upon entering the home had a few different adventures… some hot, some cold and some just right.  A little tired from her travels she opted to rest her weary feet and came across three chairs. It took our fair haired friend a seat in the BIG chair and the chair that was just far too little until she was able to find the chair that was just right. Looking at the chairs she likely knew the big chair would be too big, or that steaming porridge too hot but, couldn’t help indulge anyways. 

We’ve talked a lot over the years about the home purchasing process… you set out on one journey with your list of must haves and needs and somewhere along the way you end up compromising or changing that initial list. Starting to see the parallel? A lot of buyers actually believe it’s a waste of time or, don’t want to bother their Realtor by seeing a home that is far too big or far too small for their needs. The reality is most buyers need to see it to believe it, otherwise they will be left pining over the home that they never saw and seemingly slipped away.

Alternatively, that’s when the “ah-ha!” moment actually occurs… that one home when they finally humour their Realtor and relent to see that too small home, where, they actually discover the size is more fitting to their needs. 

The moral of the storey? Take a page out of Goldilocks’ book to find what’s just right for you.

Monday, January 14, 2019

Market Conditions and Spring Forecast

This fall brought us a statistically slower but steady market through to the holidays. Average days on the market has risen to its highest point in the last two years in both Burlington and Hamilton but average sale price has rivalled that of the summer market in both areas as well. Pricing sharp has ensured a successful sale for sellers, particularly in Hamilton with a 99% price to sale ratio throughout most of the market.  With buyers still out in full force well into December there were still many transactions to close out the end of the year. As we look ahead to Spring, we can anticipate much of what we saw this same time last year… an influx of more homes on the market and buyers, now returning to their daily routines, will quickly get back into their search as well as a new group of buyers to add into the mix. Last year we saw a late start, edging almost into March before some real numbers started to tip the scales. This year, time will tell but all signs point to a prosperous balanced market.

Wednesday, January 9, 2019

You Were Asking: The Measure App

The Measure App

If you have a smart phone or tablet you’ve likely noticed the recent addition of a standard measuring app. This handy feature can actually prove functional in various aspects of the home purchase and sale process. If you’ve ever ventured to open it up and play around you’ve likely noticed it’s a little tricky at first but after some exploration and some trial and error the measurements can actually be pretty accurate and furthermore are easy to save as photographic evidence directly in your device, making it accessible wherever you are! 

How many times have you gone out to the store with that paper rambling in your purse or pocket of window measurements only to find it’s been misplaced, ruined or now impossible to read? Measuring key pieces of furniture within your home can help you in the home buying process for the couple who must find the adequate space for their antique and irreplaceable king sized bed suite. Measure allows you in real time while you’re viewing the property, to determine if that home (or more specifically, its master bedroom) is a viable option. 

Think of your further visit after you purchased. Planning on installing shutters? Perhaps eyeing a new sofa or replacing the appliances. Same logic applies… you can even take a photo virtually placing the measurements directly on the space and leaving you with an easy visual not only to take away with you but easily shared with contractor or designer. 

As a seller, you could use this to your marketing advantage, boasting about the size of the yard with its ability to fit a 15’ x 30’ pool! The practical uses are abundant and as many as your imagination can come up with. Next time you venture out on a showing, you may just want to give this app a try!