Tag Archives: house for sale

April Showers Love on Barrie’s Real Estate Market

May 11, 2012

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April in Barrie and the area has been another blockbuster month for the real estate market. We’ve broken the record in Barrie for 2012 with a stellar 271 sold residential properties. The average selling price is up once again at $301,390 which is a 6.25% increase from this time last year. The average days on the market are at 32 with a list-to-sale price ratio of 97.9% (which means sellers are getting almost 98% of asking price) indicating that the sellers market continues.

This doesn’t mean that buyers shouldn’t be out looking! In Barrie alone, 421 new homes came on the market (802 new listings on the entire Barrie board). There is definitely something out there for everyone. The bonus being a buyer right now is that the mortgage rates have remained stable…for the time being. You probably read Tim’s “Mortgage Monday Rate Update” this week that talks about great 5-year, and even 10-year rates!

Another aspect to keep in mind is that every neighbourhood has its own market conditions. If you have a question about a specific neighbourhood, or how your own house might fare on the market, talk to your favourite REALTOR to get the best advice.

Stay tuned for more real estate statistics every month!

Laura

Laura Keller of Century 21 B.J. Roth Realty is a real estate agent with a business philosophy of nurturing relationships with her clients. She will walk you through the process of buying, selling, or investing step-by-step so there are no surprises at the end of your transaction.

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5 Tips to Sell Your Home

April 27, 2012

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It’s a big decision to sell your house. Here are some easy tips to make the process go as smoothly as possible!

  1. Interview a few different agents before making a decision. Despite what you may think, we’re not all the same! We offer different services for different commission rates. Make sure you’re comfortable with the person you hire and know exactly what you’re getting for what you pay.
  2. Know your rights and obligations. There are so many contracts you have to sign from the listing agreement to the offer you accept. Have your REALTOR explain everything in detail before you sign anything, or have your lawyer go over it with you.
  3. Price it right. Base the price of your home on current market information instead of what you think it’s worth. Even if you put $20,000 into a renovation doesn’t necessarily mean you will get it back when you sell.
  4. Take your agent’s advice. If he or she suggests your home needs some TLC or de-cluttering, do it! It’s not an insult, we’re only trying to help. The better your home looks, the more money you’ll get in the end.
  5. Take the first offer seriously. It’s true what they say; it’s often the best one that comes across the table. Also consider that after your home has been on the market for 45 days (or whatever it has been) the market conditions may have changed from when you originally picked the price. Make sure your agent brings current comparables when you look at the offers.

These are just a few things you can do during the process of selling your home. Ask advice from your agent and other real estate professionals; they know what they’re doing!

Good luck!

Laura

Laura Keller of Century 21 B.J. Roth Realty is a real estate agent with a business philosophy of nurturing relationships with her clients. She will walk you through the process of buying, selling, or investing step-by-step so there are no surprises at the end of your transaction.

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Still a Seller’s Market in Barrie

April 13, 2012

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Not much has changed in a month! March residential sales are still up like they were in February, but there’s still a lack of inventory in our fair city. There is a lack of new listings on the market (361 this year compared to 381 in 2011), and demand remains high. Luckily for sellers, this means you get the most money for your home; the average selling price in Barrie is $293,050 going for 98% of asking price on average, up over $15,000 from this time last year.

As you may recall from a previous posting (“Barrie sales HOT in February“), the market will eventually balance out. If you’re considering selling this year, maybe moving during the summer so the kids can get readjusted, NOW is the time. The average days on the market are around 40, and closing is often scheduled for at least a month after the deal is done. If you think about the timing, you’ll be moving at the end of June if you put your house on the market today!

These local statistics paired with a recent RBC study indicating that “majority of Canadians believe that now is the time to get into the housing market (59 per cent, up four percentage points from last year), instead of waiting until next year (41 per cent)” are important things to keep in mind when thinking about selling. The same RBC study says that a “majority of Canadians believe housing is a good investment (88 per cent, up two percentage points from last year) and more than two-thirds (68 per cent) believe the value of their home has increased in the past two years”.

As always, ask the experts when making a big decision like moving. Make sure that it makes financial sense to you and your family. Good luck!

Laura

Laura Keller of Century 21 B.J. Roth Realty is a real estate agent with a business philosophy of nurturing relationships with her clients. She will walk you through the process of buying, selling, or investing step-by-step so there are no surprises at the end of your transaction.

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5 Tips to Beautify Your Garden

March 30, 2012

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Due to some technical difficulties last week, this post never made it to its final stages. My apologies, and hopefully it was worth the wait!

We all know how important curb appeal is when selling a house. Sure, you can hire landscapers, or get your mom to come over! If you’re not a green thumb (probably because you never tried) like me, here are some great tips I got from our friends and neighbours at Bradford Greenhouses. Your garden doesn’t have to be complicated. Just enjoy it!

We have been incredibly lucky with record-breaking warm weather this month (except this past week…brrr). You may be getting the gardening bug, so keep reading to help you start your journey!

  1. Plant native plants. If you’re new at the gardening game, using plants that are native to our geographical area will help ensure a successful garden. Native plants are anything that you might find naturally, say if you went for a walk in the forest. Luckily, Bradford Greenhouses are local experts and they can guide you toward plants like honeysuckle which grows wonderfully here.
  2. Plant bulbs. Bulbs are very attractive to me…drop them in a hole in the ground, water, and wait. Not a lot of room for me to mess up! My favourite flowers are lilies, and they’re so easy to grow. Every bulb has different planting instructions, but maintenance is easy; keep the soil moist and add some fertilizer.
  3. Plant perennials. Some of us can never remember the difference between perennials and annuals. But the important thing to remember is that, because perennials come back year after year, the long-term maintenance is manageable. Plus they often bloom from April to October, so you get the biggest bang for your buck!
  4. Plan your design. It may seem unnecessary, however taking an hour or so to properly plan where everything will go will make all the difference in the world. The shape, the soil type, the sun or shade factor – these all play a part in the success of your garden. Plus, you want all the colours and plant height and size to make sense. And if you need help with this, the lovely people at Bradford Greenhouses can help you with a consultation.
  5. Maintain your lawn. With all this garden talk, you don’t want to ignore your grass. Especially if you’re considering selling your house (even next year!) this is an important factor to curb appeal. A potential buyer who sees a dead or weedy lawn will think a lot of work has to be done. Keep it watered and fertilized, and you will notice the difference.

Following these tips is a great way to start your Spring garden. Keep in mind our local weather and various soil types, and when you visit your local garden centre you should be in good shape.

Our friends at Bradford Greenhouses gave me some fun extras to share with you. Enjoy!

  • To prevent accumulating dirt under your fingernails while you work in the garden, draw your fingernails across a bar of soap and you’ll effectively seal the undersides of your nails so dirt can’t collect beneath them. Then, after you’ve finished in the garden, use a nailbrush to remove the soap and your nails will be sparkling clean.
  • Turn a long-handled tool into a measuring stick! Lay a long-handled garden tool on the ground, and next to it place a tape measure. Using a permanent marker, write inch and foot marks on the handle. When you need to space plants a certain distance apart (from just an inch to several feet) you’ll already have a measuring device in your hand.
  • To create perfectly natural markers, write the names of plants (using a permanent marker) on the flat faces of stones of various sizes and place them at or near the base of your plants.
  • The next time you boil or steam vegetables, don’t pour the water down the drain, use it to water potted patio plants, and you’ll be amazed at how the plants respond to the “vegetable soup.”
  • Always misplacing garden seeds, gloves, and your hand fork?  Try placing an old mailbox in your garden. With a new coat of paint, you have the perfect spot to place all those little things!

Laura

Laura Keller of Century 21 B.J. Roth Realty is a real estate agent with a business philosophy of nurturing relationships with her clients. She will walk you through the process of buying, selling, or investing step-by-step so there are no surprises at the end of your transaction.

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Barrie sales HOT in February

March 16, 2012

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If you are thinking about selling your home in Barrie or the surrounding area later this Spring or in the Summer, don’t wait! Now is the time to sell. Buyers are seriously looking, and inventory is very low. As we get into May and June, inventory will be up again and it will turn into a buyers’ – or at least a more balanced – market. Take advantage of your sellers’ market in March and probably April.

We saw 223 home sales in February compared to only 179 at that time last year. Buyers are eager!

You’re also getting the most money right now for your homes. In February, the average sales prices for a home in Barrie was $290,231 getting 97.9% of their asking prices, whereas in February 2011 it was only $264,553.

For example, I put a house on the market a couple of weeks ago and it sold the day after the sign went up…and the sellers got exactly what they wanted.

I know statistics can be boring. Hopefully I’m getting my point across here! Numbers talk! You may think “I’m not ready yet, I still need a month to unclutter” or “I wanted to paint the kitchen” or “there’s just so much work to do before I can put my house on the market!”. Your Realtor can help you make some decisions. We have the expertise to give you proper advice; you may be surprised at how little you actually have to do in your home. Often just a good deep clean will make all the difference.

Either way, if you’re thinking about selling this year, call your favourite Realtor to ask their opinion. As I said, the numbers don’t lie. Make the smart decision, and act now!

Good luck!

Laura

Laura Keller of Century 21 B.J. Roth Realty is a real estate agent with a business philosophy of nurturing relationships with her clients. She will walk you through the process of buying, selling, or investing step-by-step so there are no surprises at the end of your transaction.

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