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 you are having a wonderful Summer!

The numbers are in for June, and home sales have sprung back and prices are climbing. Residential average tops $600,000 for the first time.

The number of homes sold in June shot up 57.6 per cent compared to May. There were 673 residential homes sold through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® in June 2020, an increase of 2.1 per cent compared to June 2019, and an increase of 8.5 per cent compared to the previous 10-year average for June.   

After a pandemic–induced delay to the typical spring market, home sales sprung back to life in a big way in June. As Waterloo region entered stage two of reopening, we saw many buyers and sellers resuming their home buying and selling plans.

That said, should be cautiously optimistic? Read Drew’s full market report for our thoughts on the current market.

If you have any real estate questions, we are always here to help 😊


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-june-2020/

 

Featured Listings:

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

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


Using Neighbourhood Data to Help Sell Your Home

 
 
Your neighbourhood has a lot of features that can help you sell your home faster. Unfortunately, buyers don’t usually notice those features just by driving around. So, you need to make sure they get all the information they need about your neighbourhood.

For example, say homes don’t go on the market often in your area. That’s an indication that the quality of life in the neighbourhood is so good that no one wants to leave! In real estate, we measure the area’s “turnover rate”, and it’s a handy piece of data to have when listing your home.

Demographic data can also be helpful when selling your property. If your neighbourhood has a lot of families, for example, that’s going to be appealing to buyers with kids.

Other types of data that can help sell your home include:

  • Planned local construction.
  • Proposals for neighbourhood improvements, such as a new playground.
  • Rates at which local property values are increasing.

Any information that shows the advantages of living in your area is going to be useful when selling.

 

Does Your Home Insurance Cover Everything?

 
 
When you suffer damage to your home or its contents, you expect your insurance company to help you out. And, most do a good job of doing just that.

Still, it’s a good idea to review your policy with your insurance advisor and find out what’s covered and what isn’t. For example, you don’t want to discover that your policy will not cover the cost of repairing the damage caused by a flood in your laundry room.

Pay particular attention to coverage in the case of water damage. Some insurance policies don’t cover floods and sewer backup unless an additional rider is purchased.

Also, check liability limits. Ask your advisor to recommend an appropriate level. Finally, make sure you know exactly how much your home is insured for. Are you covered for the full replacement cost? Are you comfortable with that coverage or would you rather only insure for the actual cash value?

Having the right insurance policy gives you peace-of-mind and is an important part of enjoying your home.

 

BBQ Maintenance that Can Save Your Life

 
 
According to the National Fire Protection Association (NFPA), more than 160 people are injured each year in BBQ mishaps. That doesn’t sound like a lot considering the number of people who flip burgers on their backyard grills each year. But, you certainly don’t want to be one of those who get injured!

The best way to prevent fire and injury is maintenance. Remarkably, few people are even aware that BBQ maintenance is necessary. It is.

Every summer, experts say you should clean out the venturi tubes. Those are the little metal pipes that carry propane or natural gas. Pipe cleaners work well, although hardware stores also carry specialized tools for this purpose. The goal is to clean out any built-up dirt and debris. Don’t be surprised if you find spider webs inside a venturi tube!

Your BBQ grills should also be cleaned with soap and water each year. Just scraping them before barbequing isn’t enough. Fat and oils from cooking can build up on grills and harden. If you’re getting a lot of flare-ups, this may be the cause.

Finally, make sure nuts and bolts are tightened regularly, and replace any rusty hardware. Regular use, heat and weather can loosen or weaken bolts, particularly on the frame. Several fires each year are caused by BBQs tipping over or collapsing.

 

Notable, Quotable, Quotes!

“Remember that it is always better to be wise than to be smart.”
Alan Alda

“Never test the depth of the river with both feet.”
Warren Buffett

“The greatest mistake we make is living in constant fear that we’ll make one.”
John C. Maxwell

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

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