5 Tips for Staging your Home


By Cindy-lou Schmidt

When people think about staging their home for sale, they often think of rented furniture and fake fruit. But staging begins with some pretty important foundations. In addition to the obvious repairs, and all the glitz, there are some basic points you’ll want to start with:

  1. Cat litter: Purchase the best cat litter you can afford to keep the smell managed to the highest degree and put the litter in an area that has low traffic.
  2. Odours: If you have a dog that loves to hang out on your sofa, rugs and carpets, have a professional come in to clean them or rent a rug and upholstery cleaner from your local hardware store. It makes a big difference both in the smell of your home, but also in the appearance to display the carpets be in better condition. This is equally if not more true if you’re a smoker. Smoking indoors can reduce the sale price of your house by up to 20%!
  3. Declutter: Get rid of anything that you can store away for the next 3-4 months. Donate, throw it out, and prepack
  4. Musty basements: Humidity is here to stay in Southern Ontario so make sure you manage any moisture in your basement at all times. If you haven’t, it’s never to late to start–especially if you’re thinking about selling.
  5. Clean, clean, clean: Even if you think it’s pretty clean it can always be cleaner. A clean home simply sells more quickly and allows potential buyers to focus on your home.

Watch the video for additional info not covered here!

Kindly,

 

5 Tips for Bickering Couples


By Cindy-lou Schmidt

 

Moving in together? Even if you’ve been living together for a while you’re likely arguing some of these top five 💩💩💩💩💩 things! .

Whether it’s hogging the blanket or dealing with that pesky alarm clock, I’ve got you covered! 😇

Watch for my simple solutions so you can live happily ever after!

 

Here are the products I suggested in my video if you’d like to check them out:

Multi Hook Shelf

https://etsy.me/2MMf2da

 

Choose Love shelf

https://etsy.me/2ML8740

 

Blanket Clamp

https://bit.ly/2dXlUU6

 

PHILIPS Sunrise Simulation Bedside Light

https://amzn.to/2HM2hKB

 

More Fancy version of the alarm:

https://bit.ly/2waBumD

 

Kindly,

 

Signing a Buyer Contract


By Cindy-lou Schmidt

For first-time home buyers, or those who haven’t purchased a home in a while, the mention of a Buyer Agreement contract may make you wonder if it’s necessary. It’s not only necessary for great service, it’s also necessary part of the paperwork to buy a home with a Realtor.

In this video I’m discussing what the contract covers in general and what you can expect. I also talk about why signing the contract is an advantage for you!

There are some main points you’ll want to consider:

  • The contract is going to introduce you to the Relationship between you an your Realtor. You’re essentially agreeing that you’re choosing your agent to represent your BEST interest, provide fiduciary duty, and protect your confidentiality as their client. This is known as a Client relationship, the highest form of obligation. The other alternative is to be served in a Customer Service fashion which is more of a way to document the services provided to a buyer or seller and is provisioned with a restricted level of service while maintaining honesty, fairness and integrity.

My clients always choose “Client”. The other way to put this is that I choose to work with Clients and not Customers. It’s simply the most effective, advantageous way to buy a home.

  • You will discuss the term of the agreement ex. 6 months or 1 year
  • There is an understanding that your Realtor is representing the Brokerage and the Agreement is between you and the Brokerage your Realtor is working for.
  • It will outline what commissions are due. In most cases as a buyer, you are not going to be paying a fee to  your Realtor’s brokerage. For the most part, this fee is already decided between the Seller of the home you will purchase and their Listing Agent.
  • If you want to break up with your Realtor, it’s good to tell them why so they can have a chance to do a better job or at least improve their service in the future. If you don’t want to tell them why, then it’s a good idea to let them know you don’t want to work with them anymore before moving on.

Ultimately, having a Realtor to assist you in the buying process is more than just helping you with paperwork. There are a lot of details that happen behind the scenes and you’ll want to work with someone who does this as their full-time job. It’s important that your agent be familiar with the activity in a thriving real estate market like Waterloo-Region.

Watch the video for additional info not covered here!

Kindly,

 

Simplified Market Update – August 2018 – Home sales down, prices up


By Cindy-lou Schmidt

The Trend Continues! Home sales in Kitchener-Waterloo have continued to balance out with home sales numbers dropping while home prices continue to rise.

Cindy-lou’s Simplified Market  Update

 


Full Media Release

SALES RETURNING TO NORMAL WHILE PRICES REMAIN STABLE

KITCHENER-WATERLOO, ON (August 2, 2018)

July home sales through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR) were down 16.8 per cent compared to last month and down 10.6 per cent compared to July of last year.  A total of 504 residential properties sold in July compared to 564 in the same month last year.

On a year-to-date basis, there have been 3,601 home sales during the first half of the year, a decrease of 18.0 per cent.

“The story for July is largely more of the same that we’ve been seeing for most of 2018,” says Tony Schmidt, KWAR President. “The number of sales has decreased from what we were seeing the past couple of years to more typical levels, but the value of homes not only remains steady but continues to gradually increase.”

Residential sales in July included 282 detached (down 23.4 per cent compared to July 2017), and 130 condominium units (up 14.0 per cent) which includes any property regardless of style (i.e. semis, townhomes, apartment, detached etc.). Sales also included 53 semi-detached homes (up 35.9 per cent) and 35 freehold townhouses (down 5.4 per cent).

The average sale price of all residential properties sold in July increased 5.5 per cent to $480,145 compared to the same month a year ago. Detached homes sold for an average price of $584,337 – an increase of 12.4 per cent compared to July of last year. During this same period, the average sale price for an apartment style condominium was $292,714, an increase of 4.3 per cent. Townhomes and semis sold for an average of $359,278 (up 2.2 per cent) and $387,664 (up 9.8 per cent) respectively.

The median price of all residential properties sold last month was up 7.1 per cent compared to July of last year at $443,700, and the median price of a detached home during the same period increased 12.8 per cent to $530,000.

REALTORS® listed 739 residential properties in K-W and area last month, down 8.9 per cent compared to July of 2017. The number of active residential listings on the KWAR’s MLS® System to the end of July totalled 1,062, which is 3.3 per cent higher than July of last year but still down from the historical (2007-2016) ten-year average of 1,885 listings for July.

“The competition from buyers is still out there, but not nearly as prevalent as the past two years. This is showing up in the $400,000-$600,000 price point where we continue to see the shortest average days on market,” reports Schmidt. “I think this reflects both the move-up market as well as the typical home that buyers who migrated down the 401 were purchasing.”

“There is no doubt the mortgage stress-test is impacting buyers and the market. Our concern has always questioned the wisdom of introducing policy to respond to temporary market activity, so now the only question is whether this impact is beneficial or not.”

“Either way, Buyers are wise to avail themselves of a REALTOR® to help them navigate local market conditions and ensure the most successful outcome.”

The average days it took to sell a home in June was 23 days, the same as in June 2017.

 


 

Would you  like an practical valuation of your home to help you make an informed decision about selling? Contact me for a complimentary assessment. The condition of your home, location, and other key factors matter.

Kindly,