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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We hope this email finds you doing well, and that you are enjoying our nice May weather.

 

With April now behind us, and the relaxation of some restrictions, as provinces begin to gradually re-open their economies, the real estate market is slowly starting to climb back to some version of normalcy. It goes without saying the current pandemic has had a major impact on the real estate market, and the number of sales we would normally see at this time of year, particularly in April, was greatly reduced. Total residential sales in April included 145 detached homes (down 63.3 per cent), and 22 condominium apartments (down 71.1 per cent). Sales also included 44 townhouses (down 61.1 per cent) and 16 semi-detached homes (down 60 per cent).   

 

As we now head towards the end of May, preliminary pricing data has already observed an uptick in sales and listings. We can further add to this observation from experience in our real estate business-over the last 2 weeks, it has been exceptionally busy in all price categories and property types, with a significant increase in showing activity, sales, and even multiple offers in some cases. With the observed increases in sales and listings, and the exceptionally low interest rates, we are definitely starting to see a gradual recovery of the housing market locally, and across Canada.

 

Being locked down has given us the opportunity to spend more time in our homes, which has helped us to realize how important they really are.

Over the coming months and years, we believe that the experience of a home, and its utility will be driving forces behind our Real Estate market.

We look forward to what is to come over the next few months.

Stay well, and of course please feel free to reach out if you have any questions

 

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-april-2020/

 

Featured Listings:

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

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

Healthy Lighting for Your Home

 
 
Recently, researchers discovered that the lighting in your home can have a much greater impact on your health and well-being than originally thought. Better lighting can boost your energy, help you sleep better, and even enhance healing.

So, it pays to make sure the lighting in your home has a positive impact on the health of your family.

Start by enhancing sources of natural light, such as windows and skylights. Study each room of your home and replace as much of the artificial light as possible with sunlight. For example, reposition a favourite reading chair next to a window.

Consider dimming the lighting in your home during the evenings. If your home is very bright when it’s dark outside, it can affect your body’s natural rhythms, resulting in disturbed sleep.

Avoid over-lighting, which is common in rooms where there are few windows. Over time, excessive light can cause headaches and even mood changes. Lighting that is sufficient to see everything clearly is all you need.

 

Estimating Your Selling Costs

 
 
When the time comes to sell your house, you’ll want to determine roughly how much you can expect to net after the sale. To figure that out, you’ll not only need to know how much your house will likely sell for, but also the selling costs you are likely to incur in the process.

The costs of selling vary depending on a number of factors. Here’s a general rundown of what to consider:

  • Repairs. You will want your house to look its best to buyers. That may require you to get any needed repairs done before listing. You don’t want a buyer to see a dent in the wall or a dripping faucet.
  • Renovations. It might make sense to get a few improvements done to make the house more attractive. For example, you may want to replace old and worn kitchen countertops.
  • Legal fees. Selling a house requires a lot of legal work. You’ll need a good real estate lawyer to take care of that for you.
  • Commissions. This is usually calculated as a percentage of the sale price.
  • Moving costs. Once you sell, you’ll obviously need to move! So, factoring in this expense is a smart idea.

Although this may seem like a long list, selling costs are fairly easy to estimate. Once you have that number, it’s easy to calculate how much money you’ll have available to put towards your next home.

 

How to Quickly Improve Indoor Air Quality

 
 
There are many reasons why the air quality in your home may not be at its best. A faulty furnace or an aged carpet are just two potential culprits. Until you get those issues addressed, how can you make your indoor air healthier - today?

Here are some ideas:

Check the furnace filter. This is one of the most overlooked maintenance items in the home. Any furnace repair person can tell you stories about filters they’ve seen caked in dust. Make sure those aren’t yours. Air passes through those filters before circulating throughout your home. Replacing a filter takes less than five minutes.

Clean the drains. Drains are a surprisingly common source of odour in the home. Most people only clean them when they’re clogged, but they should be flushed thoroughly with a good-quality cleaner at least once a season.

Turn on the bathroom fan. Not only do bathroom fans remove odour, they also reduce moisture build-up. About 50% of air pollutants originate from some type of moisture. Mould is the worst of these pollutants. Professionals recommend you keep your bathroom fan on for at least 30 minutes after a shower.

Clean your doormat. Even if your doormat doesn’t smell, it can be a source of air pollutants. When people wipe their shoes, they transfer outside ground pollutants from their shoes to your mat.

Of course, you can always open a window. That’s the most popular and easiest way to freshen the air, and it works.

 

Notable, Quotable, Quotes!

“If you cannot do great things, do small things in a great way.”
Napoleon Hill

“Logic will get you from A to B. Imagination will take you everywhere.”
Albert Einstein

“Motivation is the art of getting people to do what you want them to do because they want to do it.”
Dwight Eisenhower

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RE/MAX TWIN CITY REALTY INC. , 83 Erb St W, Waterloo, Ontario N2L 6C2 Canada

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