TEAM WEIR NEWSLETTER

JANUARY 2019

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Welcome to the New Year. I hope 2019 is a wonderful year for you and your family.

I’m not sure what your plans are for the coming months. Chances are, you will need to speak to an expert in a specific field at some point during the year. For example, you might ask a gardening expert some questions later this spring, get some recommendations from a trusted investment advisor, or ask your doctor an important health question.

It makes sense to take advantage of expertise when you need it.

That’s why I’m here. When you need to talk to someone about real estate – someone who is knowledgeable about the local market and considers you a valued client – I will be available.

So, don’t forget to add me to your list of experts!

December monthly numbers are now in and reflect a very challenging month, ending a challenging year for local real estate.

December monthly Dollar Sales for All Property Types comes in at $31,927,300, a significant 27.0% decrease from 2017, which was $43,722,990. The Year to Date numbers also reflect a decrease of 13.3% compared to 2017.

The December monthly Dollar Sales for Residential Listings comes in with an equally significant decrease of 21.2% with $28,020,650 for 2018 compared to $35,580,590 for 2017. The Year to Date numbers also reflect a decrease of 9.4% compared to 2017.

2018 2017 %Change
Total # of Residential Listings in December 152 122 24.6%
Total # of Residential Listings YTD 4591 4573 0.4%
Total # of Residential Sales in December 86 114 -24.6%
Total # of Residential Sales YTD 2777 3434 -19.1%
Total Residential Sales Dollar Volume December $28,020,650 $35,580,590 -21.2%
Total Residential Sales Dollar Volume YTD $930,801,243 $1,027,745,805 -9.4%

Characteristics Of A Desirable Street

Sometimes you know a desirable street when you see one. For example, it’s obvious that a home on a cul-de-sac is enticing mainly because there isn’t any through traffic.

What are the other characteristics of a desirable street that may not be as obvious? Here are just a few:

Sidewalks. A sidewalk in front of your home is not only handy, it also adds to the property’s curb appeal. In addition, if you have kids, a sidewalk makes it easier – and safer – for them to play and visit neighbourhood friends.

Mature trees. Trees lining the street add depth and beauty. Most homeowners value front yard trees and would miss them if they were gone.

Safety. Unfortunately, some streets are more prone to crime and other issues requiring police intervention than others. Clearly, homeowners appreciate a street that’s known for being safe and located in a neighbourhood with a low crime rate.

Pride-of-ownership. When considering buying a home, take a walk along the street. Do homeowners take good care of their properties? If so, that sign of pride-of-ownership indicates it’s a great place to own a home.

Location. Where the street is located is just as important as its characteristics. Are things you want, such as parks, schools, shopping, etc. nearby? Is the street in a desirable area overall?

Noise. This is a characteristic that can be invisible to the home buyer. If the street is in a flight path, or near a busy highway used by rush-hour commuters, you want to know!

A great street can dramatically add to the enjoyment of a home. Team Weir can answer your questions about the characteristics of streets you’re considering and the surrounding area. Visit our Buyers series for more great real estate tips.


How To Select A Realtor®

If you have decided to use a Real Estate sales professional to assist in the sale of your home, selecting that REALTOR® is an important part of the process and will be instrumental in achieving an expeditious and successful sale of your residence. As a part of our Sellers SeriesTeam Weir has developed a list of questions for you to ask yourself before hiring your next Realtor®.

  • Will your property be placed on the Multiple Listing Service (MLS), thereby giving you maximum exposure to all Buyers and Real Estate Companies in the area and across the country?
  • Is the sales commission in keeping with local norms? If a higher commission rate is being charged, what additional service will be provided? On the other hand, if the commission rate is lower than the norm, what services are not provided?
  • Is your residence located in an area in which the REALTOR® has sold homes before?
  • Does the REALTOR® and his/her office have a toll-free number available 24 hours a day, 7 days a week?
  • What type of administrative support is available to support your REALTOR® while he/she is actively trying to sell your house?
  • Will your property be actively advertised on a quality and easily accessible Internet site?
  • What is the marketing strategy proposed by the REALTOR®? i.e., frequency of media advertising, public open houses, internet availability, company advertising kiosks, flyers, and real estate agent open houses.
  • What will the REALTOR® do to sell your home that is above and beyond what most other REALTORS® do as standard practice?
  • What is the size of the company in terms of REALTORS® and market share? Most Real Estate companies try to sell their own listings first. Therefore, the more REALTORS® employed by the company, the greater the chance of it being sold quickly.
  • Finally, and most importantly, what research has the REALTOR® done to establish the Market Value of your property?

In conclusion, selecting the right REALTOR® is like selecting any other professional. Making a concerted effort to find someone who is knowledgeable and efficient will go a long way to ensuring your sale is handled in ways that will save you time, aggravation, and possibly money!


For more great tips and information visit our Blog and find us on Facebook. Click here to Contact Team Weir.


What Home Inspectors See That You Can’t 

When you make an offer on a home, it’s a smart idea to have a home inspector check it out from top to bottom. This inspection will ensure that the property doesn’t have any unexpected “issues”. After all, you don’t want to buy a home only to discover that the roof needs to be replaced, immediately, for thousands of dollars.

Nevertheless, you might question whether you really need to invest the few hundred dollars it costs for a professional home inspection. “The home we want to buy looks like it’s in very good shape,” you might be thinking. “I can’t see anything wrong with it.”

However, a professional home inspector can see things you can’t. When you view a property that’s on the market, you might be able to notice obvious issues, like a crack in the foundation or a dripping faucet. If you’re experienced with home maintenance, you might even notice roofing tiles that look like they’re overdue for replacement.

But, most people don’t have the equipment, knowledge or experience to identify all the issues a home inspector can.

A home inspector will, for example, use a special device to check for moisture build-up in the washrooms – which can be an indication of mould. A home inspector will also inspect wiring to make sure everything is safe and compliant with the building code.

That’s not all.

Like a determined detective, a home inspector will investigate the property’s structure, electrical and plumbing systems, insulation, and other components – and then report the findings to you.

In the end, a professional home inspection gives you peace-of-mind and protects your investment. So, getting one is highly recommended – even for recently built homes.

Looking for more ideas on making smart decisions when buying a home? Call Team Weir today!

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DID YOU KNOW?

  • February was named after the Latin word, Februum which translates into “Purification”
  • Until the concept of a leap year was established, the number of days in February was subject to change every year.
  • February wasn’t considered part of the calendar year until around 713 BC.
  • A 2017 study found that 43% of millennials chose Valentine’s Day as their top choice of day to propose or be proposed to.
  • The oldest record of a valentine was a poem Charles Duke of Orleans wrote to his wife when he was imprisoned in 1415.
  • In Victorian times it was considered bad luck to sign a Valentine’s Day card.

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