TEAM WEIR NEWSLETTER

MAY 2018

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To all of our Real Estate clients, thank you for trusting us with your real estate needs again in 2018.

With this in mind, we are giving you an opportunity to win a $500 gift card from Team Weir.

To enter to win just SHARE our Facebook Page at TEAM WEIR YOUR TRUSTED REAL ESTATE CONNECTION or go to our website at www.davidweir.com and send us an email.

I hope you enjoy the newsletter and good luck with the gift card draw. Odds are usually better than 1 in 100!

2018 2017 %Change
Total # of Residential Listings in April 532 582 -8.6%
Total # of Residential Listings YTD 1601 1754 -8.7%
Total # of Residential Sales in April 313 483 -35.2%
Total # of Residential Sales YTD 833 1322 -37%
Total Residential Sales Dollar Volume April $106,263,919 $157,838,437 -32.7%
Total Residential Sales Dollar Volume YTD $276,274,970 $403,675,169 -31.6%

Easy Ways To Follow The Trends 

Easy Ways To Follow the Trends published by Calgary Sun offers simple suggestions for keeping your home trendy in 2018.

  • Lovely lavenders
  • Statement lighting
  • Warmer metals
  • Bold Patterns
  • Intelligent design

Click here to learn more about how to implement these design trends.

Reporting Home Sale to CRA 

“The Canada Revenue Agency is getting tough with people who fail to comply with new rules requiring the routine sale of a home to be reported, even when there’s zero tax owing.

If you don’t report the sale of a principal residence on your income tax return, you could be subject to a fine of as much as $8,000. And something else to keep in mind: Normally, CRA may reassess your tax returns going back three years; with the reporting of a sale of a home, there’s no limit on how long CRA can wait to reassess you.” – Rob Carrick, THE GLOBE AND MAIL 

To view this article in it’s entirety please visit Sold your home? CRA may penalize you if you fail to report it.

3 Reasons A House Isn’t Selling 

Have you ever driven by a For Sale sign and wondered, “That house has been on the market for a long time, I wonder why it isn’t selling”? You might have asked that question because you were worried the same thing would happen when you put your own house on the market!

Often a home doesn’t sell for one of three reasons:

1. The price is too high.
Sometimes a homeowner will set the listing price exceptionally high in the hopes of getting lucky. What happens instead, however, is potential buyers stay away. In today’s real estate market, a house usually sells at a price that is close to its market value. Fortunately, the current market value of your house – and, hence, its approximate selling price – may be higher than you realize. It’s worth getting a free market assessment.

2. The house doesn’t show well.
Sometimes a house is strategically priced for the market but doesn’t show well. It’s difficult for buyers to look past issues, such as clutter, and see the potential. In those cases, prospective buyers who view the property, don’t like what they see, and move on. If you put your house on the market, make sure it looks its best for prospective buyers.

3. The listing is poorly promoted.
Clearly, buyers won’t become interested in a property if they don’t know about it. The listing must be promoted effectively, and that involves more than a For Sale sign.

For more information on selling your home please visit our Sellers Series and contact Team Weir.

Summer Home Maintenance Checklist

Below are “10 summer tasks that will keep your home in optimal shape” as published by Money Sense.

  • Replace furnace filters
  • Measure and grade your soil
  • Fill foundation cracks
  • Clean up mold and mildew
  • Replace cracked caulking around windows and doors
  • Replace worn shingles and cracked or bent roof flashing
  • Test your hot water’s pressure tank valve
  • Test all faucets for leaks
  • Locate and check main shut off valve for water
  • Check bulbs, outlets and cords

Click here for more information on how to complete the above tasks, the cost and time investment of each and a downloadable checklist.

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DID YOU KNOW?

  • Summer in the Northern Hemisphere begins on June 21 and ends on September 23.
  • When it is summer in the Northern Hemisphere, it is winter in the Southern Hemisphere.
  • It is believed that June is named after the Roman goddess Juno, who is the wife of Jupiter.
  • July was named in honour of Julius Caesar.
  • In the summer heat, the iron in France’s Eiffel Tower expands, the tower grows more than 6 inches.
  • Popsicles were accidentally invented by an 11-year-old boy in San Francisco in 1905.

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