Oh No! I Sold My Home!

ce4a9f30cb42bf341ab2aa815aed136a_real-estate-sold-sign-lindsay-house-sold-sign-clipart_1000-750Are you afraid to sell your home in case you can’t find one to buy?

This seems to be the impasse  many potential sellers are stuck at. The market right now has such a low inventory of homes to buy, many people are putting off selling, even though they have many reasons that now would be a good time to sell.

If you are in this position, you have a lot of things to consider.

By not moving, are you putting off plans that would be better for your family?
Financially, is now a good time to sell?
If you haven’t sold your home, can you buy your dream home if it came on the market tomorrow?
If you can’t find your dream home, are you willing to rent a property until you find the right one?
Are you tired of carrying the household costs on large home that is more than you need?
Can you afford to own two homes?

If you are being held back by one of these concerns, or another not mentioned, take some time and determine whether there is a answer should you sell your home and become “homeless”.

Are you fortunate enough to have a second home where you could live temporarily while waiting for the right home to come on the market?
Are you prepared to rent accommodation while looking for the right house?
You might be able to negotiate a long closing on your current home, to allow you time to find the right home.
Do you have family members with extra space for you to stay with if the need arises?
Is there another solution which would enable to you move now?

Not everyone is prepared to put their home on the market without knowing where they are going next, but maybe you are.

Being homeless is not as bad as you might think. I sold my home last summer, and am currently renting a home while I look for just the right property. Is it perfect?, no, but it provides the freedom to be in control when I do find the right property. As a buyer with no home to sell, and the ability to match most any closing date a seller might request, I am in a good negotiating position.

So, are you ready to put your home on the market? Be sure to call one of our Coldwell Banker Community Professionals to discuss what your options are.

It’s that time of year…

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THE END IS NEAR! Don’t panic, I’m only referring to 2016.

This year seems to have just flown by… For those of us in the real estate profession, it has been an interesting year in many ways.

The market picked up momentum early in the year, and we found ourselves in a market where you were happy to only be one of 5 representing a buyer trying to purchase a property instead of 15 or 20…  Many buyers experienced an emotional ride to homeownership, and many stepped back and decided not to get on the roller coaster this year at all.  The government got involved, changing policies to try an cool a market they felt was overheated.

The market does not seem to be slowing down in the Hamilton/Burlington area in spite of the government intervention.  We are also beginning to see the slow climb of interest rates, which has many wondering whether our days of record low rates is coming to an end.

Looking back, a lot has happened this year, and looking forward, it appears that 2017 may be just as busy.

As 2016 comes to an end, we would like to wish everyone the best of the season, however you celebrate it – Happy Hanukkah, Merry Christmas, Joyous Kwanza, Happy Holidays…!

And a Happy New Year to All!  Let’s see what 2017 brings!

Frozen

atlanta-frozen-pipeSadly I am not referring to the Disney movie of the same title…

Each winter we hear news reports of homes that have had the pipes freeze in the severe cold weather we experience. Everyone seems to be forecasting for us to have a colder than average winter this year, so I thought I would touch on this early enough for preventive measures to be taken.

Generally when pipes freeze it is because they either run through an uninsulated area, such as a garage, crawl space or an attic, or are located on exterior walls of the house without adequate insulation between them and the wall. Another unexpected, but common cause can be an outside hose that is left connected to an outside faucet. When it freezes it puts pressure on the interior pipes, and can cause them to break, so always disconnect your garden hose at the end of the season. Also, always turn off your outside faucets and drain the last of the water out of the spigot.

If your water pipes run through an uninsulated or poorly insulated area, you can purchase foam wrap for the pipes. If you are concerned that the pipes will be exposed to the full cold, you can also wrap the pipes with a heat tape that will maintain a minimum temperature to prevent them freezing.

For pipes running in exterior walls, the only effective way to correct the problem is to open up the walls and improve the insulation. On very cold walls, you may actually need to reroute the pipes to a less exposed location.

It may seem like a lot of work to do on the chance that the pipes may freeze, but broken pipes will lead to larger repair bills down the road, including the potential for mold removal.

If you are buying an older home, be sure to have your home inspector check where the water feed is in the house. It is always better to know before winter strikes whether you may have a problem…

Also remember if you have a home with a lawn sprinkler system, have the water blown from the system at the end of the season.

As always, one of our Coldwell Banker Community Professionals will be happy to speak with you about this and other home ownership concerns.

At Coldwell Banker Community Professionals, we don’t strive to be the biggest, we strive to be the best!

The Grass IS Always Greener Over the Septic Tank – Erma Bombeck was right

 

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Most home owners may not have ever experienced this phenomenon, but those who have lived with a septic system know this is a fact…

If you are thinking of selling your home, curb appeal is especially important, as many buyers make up their mind whether they even want to look inside a home by driving past first. Whether you live in the city or on a rural property, keeping up your lawn and gardens can be a challenge, especially during summers like we just enjoyed.

Buyers are looking for well cared for homes, with lush, cared for grass. If you have gardens, they like to see them well tended, weeded, edged up, perhaps with a mulch cover to discourage weeds. Most hope for a finished driveway, whether paved, concrete, or interlocking block, that has been well maintained. In a rural setting, a gravel drive is common, but it still must be cared for, with a good gravel cover, distinct edges and no weeds.

If you are a true gardener, your efforts will garner attention. Many buyers love to see the gardens, and hope to become proficient at taking care of them. Buyers especially like to see perennial gardens, believing them to be lower maintenance.

Your lawn can be a big seller. That lush grass you can find over the septic tank appeals to buyers. If you can’t count on the septic bed to make your lawn look pretty, and you are planning to sell your home, prepare to keep your lawn well watered. You don’t need a weed killer company at your home, but regular maintenance to keep the weed population under control is necessary.

If you have a rural home, the lovely expanse of front lawn can make buyers anxious to see more…

If you are looking for more tips on how to make your home ooze curb appeal, speak to one of our Coldwell Banker Community Professionals. They have lots of tips and tricks up their sleeve to help you get top dollar for your home.

At Coldwell Banker Community Professionals, we don’t strive to be the biggest, we strive to be the best.

The Magnificent Seven!

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Movie makers could only come up with seven magnificent cowboys. At Coldwell Banker Community Professionals we have an office full of magnificent individuals.

As part of our Ultimate Service Guarantee, we survey all our buyers and sellers to ask how we did. Many write in to tell us about their experience with our team of professionals, and I have selected some such testimonials to share with you. These are a sampling of the hundreds of surveys we receive back.

“Justin is the kind of agent everyone should have. His professionalism, while he helped and guided us through the purchase of a new property and the sale of our existing residence was greatly appreciated”

“Ozie was exceptional! We were blown away by his professionalism and kindness. Our expectations were exceeded”

“Jeannie was exceptionally helpful and accessible for all our home viewings. She made very helpful observations and was vested in finding the best home for us within our price range. She was, and continues to be prompt with messages. I don’t think we could have found our dream home without her!”

“It was a tough market and Jesse showed above and beyond customer service and PATIENCE! We are extremely happy with our final purchase!”

“As he has in the past, Vince went above and beyond our expectations. He provides exceptional customer service and prioritizes clients like they’re all his only one. I wish I could buy houses every year just to hang out with him more!”

“Amy is a very caring and devoted sales rep – She is looking out for our best interest. I will recommend her to my Friends and Family”

“Rejeanne was patient, understanding and she took the time to understand my needs, and as a result she showed me properties that were within my budget and needs She set me up with the listing alerts and I was able to view properties beforehand. My sales rep accommodated every change (and there were a few), and made every appointment as scheduled.”

“I was referred by a friend, but chose Coldwell Banker based on excellent rapport with Paul. Fast reply time, understood quickly, very patient in explaining everything (more than once). Paul made it comfortable to become a first time homebuyer.”

It’s impossible to pick just 7 magnificent experiences with so many to chose from.

If you are considering buying or selling your home, don’t hesitate to contact one of our Sales Professionals. You will receive the excellent service outlined above from everyone on our team.

At Coldwell Banker Community Professionals we don’t strive to be the Biggest, we strive to be the Best.

Has the Real Estate Market Run out of Steam?

ee080e912907e1b1fadad2edfff41c39I believe we are experiencing a traditional August. We just have forgotten what that is!

It seems that people always believe that the spring market is the hottest, the summer market is the slowest and the fall market runs until December when everyone quits looking for houses as they prepare for the holidays. I think this year is falling into a category of its own.

Our spring market started out brisk, with lots of buyers and not enough homes to sell. We thought it was a pretty strong sellers market and that buyers would need to be aggressive to be successful in home buying. In the back of everyone’s mind was that the thought that the market would ease up a bit after the initial rush, and buyers would find what they were looking for… We are still waiting for the market to ease up a bit and provide properties for all these buyers who are waiting.

Spring was not our hottest market. So far this year, and we have yet to see our fall market, the May, June, and July markets were crazy. Prices are up and the number of available homes is decreasing. Sellers have hesitated to put their home on the market fearing that they will not be able to find a home themselves…

This August has provided the slowest market so far this year, letting everyone catch their breath. I think maybe the buyers are worn out, and have taken the last few weeks of summer to regroup and prepare to do battle in the fall market.

As parents prepare to get their children back to school, REALTORS® are busy helping sellers prepare to put their homes on the fall market, and helping buyers fine tune what they are looking for. I don’t know what the fall market will bring, but if the first part of the year is anything to go by, we should be in for a busy time!

If you are considering buying or selling, call one of our reps at Coldwell Banker Community Professionals. They are well prepared to help you meet your housing needs. Find out how our Ultimate Service Guarantee can provide you with peace of mind in your real estate experience.

Flip or Flop

Flip-or-flopThere’s lot’s of money to be made flipping homes!

That may be true if you know what you are doing. HGTV makes it look easy… buy that neglected home, rip out the kitchen and bath… throw down that hardwood floor and you can make thousands, if not hundred of thousands of dollars…

It’s not that easy, as many renovators will tell you. In a hot market, the first challenge is to find that property listed at the right price, in the right neighbourhood, that you can renovate quickly, and not have to enter into a bidding war to purchase. Nothing to it, right?

Flipping houses truly comes down to the math. What you buy it for, plus the cost of renovations, plus the cost of carrying it while renovating, plus the legal and real estate fees, and plus your profit. The last item is the most important one. You cannot be flipping houses without having a reasonable profit built in. And keep in mind, that profit is taxed as income when you are in the business of flipping homes.

Still think flipping homes is a good idea? Call one of our Coldwell Banker Community Professionals, and have them help you find the right property at the right price to renovate.