The Deutschmann Team
RE/MAX TWIN CITY REALTY INC.
Phone: (519) 841-6511
Email: info@elitere.ca
Website: www.elitere.ca
 
 

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Yet another month has quickly passed by and it's really starting to feel like winter is just around the corner!

Last month, there were 670 residential properties listed on realtor.ca representing a 12.4% decrease versus this time last year.  By the end of the month there were 691 active listings which represents a 26.4 % decrease.

Inventory continues to be tight and available homes are getting purchased quickly when priced competitively. 

In terms of pricing, the average home priced increased 91.% last month to $533,288 versus October 2018.  This number is primarily driven by the lower priced homes which are selling quickly.

If you are considering a move in the near future this may be the ideal time. Or, if you would like to discuss your plans for buying, selling or investing in the new year, let us know.  We'd love to connect with you.

Market Report:

There's a lot to say about the current supply and demand for real estate locally.  Here's Drew's report on how the numbers looked last month: https://elitere.ca/kitchener-waterloo-real-estate-market-report-october-2019/

 

Featured Listings:

Click here to see all of our fantastic listings and their virtual tours.

https://elitere.ca/team-listings/

What's Happening in Our Region:

Santa Claus is on his way to many parades and events near Kitchener-Waterloo!

Why not check out a few of them this year.  We've compiled a list of the local parades as well as more festivities and Christmas events happening in our region.

https://elitere.ca/2019-christmas-events-in-kitchener-waterloo/

How to Quick-Prep Your Home for Sale

 
 
Ideally, you should plan to have plenty of time to prepare your home for sale. You want to be able to get everything fixed and cleaned up, and perhaps even make a few improvements, such as installing a new countertop in the kitchen.

For any number of reasons, that’s not always possible. If you have to suddenly relocate for work, for example, you may have only days to make your home “show ready” for the market.

What should you do? The answer is: the essentials.

First, arrange to get any maintenance issues dealt with immediately. If you have a clogged shower drain or cracked windowpane, call a professional repair person. Even if those items don’t get fixed by listing day, you can inform buyers that the repairs are scheduled - and that receipts proving that the work was done professionally will be available.

Next, you need to do a thorough clean-up. Staging experts (those who professionally prepare homes for sale) unanimously agree that making each room look neat and tidy is essential. Even something as seemingly minor as dust accumulation on blinds can impact buyers.

If you still have time available before the For Sale sign goes up, consider doing some redecorating. Stand in each room and ask yourself, “How can I make this room look more spacious and appealing?” Oftentimes, simply rearranging the furniture and moving a few items into storage will make a dramatic difference.

Yes, prepping your home on a tight schedule takes some work. However, in just two or three days, you’ll have a property that is more attractive to prospective buyers. It will show better, and, as a result, it will likely sell faster.

Looking for more ideas for selling your home, quickly? Call today.

 

Décor Colour Choices Can Be Psychological

 
 
Although choosing a room’s colour is highly personal, it’s worth noting that studies have linked specific colour tones to psychological behaviours. In fact, many doctors, scientists and design experts believe that certain colours can actually influence your mood or motivation.

The following list provides a general interpretation of commonly held views about how we perceive colour. It may help you decide on the colours you’ll use in your next interior painting or decorating project. While some suggested connections may seem obvious, others might surprise you.

White: cleanliness, purity, innocence.
Yellow: concentration, attentiveness, optimism.
Orange: abundance, expressiveness, passion.
Red: emotion, creativity, appetite.
Purple: status, opulence, indulgence.
Blue: trust, confidence, productivity.
Green: tranquility, comfort, nourishment.
Brown: honesty, sincerity, simplicity.
Black: contemplation, dedication, commitment.

Of course, subtle differences in hues and shades can evoke different emotional responses. As a result, complementary colours can sometimes seem to conflict with the expected psychological response to your primary selection. So, despite all the available scientific information, you should consider your instincts as well.

 

Choosing a “Seller-Friendly” Contractor

 
 
Although there are many terrific contractors out there, there are always a few bad apples. When preparing your home for sale, you need a contractor that gets your job done on time, on budget and without creating a big mess.

To help make sure that happens, ask prospective contractors these questions:

  • “Will I be issued a receipt detailing the work done?” This is handy to have as you might want to show it to buyers.
  • “Do you thoroughly clean up the work area each day?” This is especially important if your home will be shown to buyers during this period.
  • “Is the project schedule realistic? Is there a chance the work might take longer than expected?” Delays can negatively impact the sale of your home. It’s better to get a realistic timeline from the contractor, rather than an ambitious one.
  • “Under what circumstances will the final price be higher than quoted?”

Of course, you also need to check references and do other due diligence to ensure the contractor is a “good apple”.

Looking for a contractor recommendation. Call today.

 

Notable, Quotable, Quotes!

“What comes from the heart, goes to the heart.”
Samuel Taylor Coleridge

“Instruction does much, but encouragement does everything.”
Johann von Goethe

“What we see depends mainly on what we look for.”
Sir John Lubbock

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