The Deutschmann Team Real Estate Update

The Deutschmann Team
RE/MAX TWIN CITY REALTY INC.

Phone:	(519) 841-6511
Email:	info@elitere.ca
Website:	www.elitere.ca

The arrival of spring traditionally signals an upswing in our real estate market. This is the time of year when families are most likely to purchase a new property so they can ensure an easier relocation during the summer. The average sale price of all residential properties sold in February increased 3.1 per cent to $478,801 compared to February 2017 so that’s a good sign that the local real estate market is healthy.

There have been quite a few changes introduced by the government surrounding mortgage rules so it will be interesting to see how that affects our market in the coming months. So far it’s off to a good start and I’m confident it will be another great year for the K-W area!

If you are wondering about taking advantage of this market or you happen to know someone who is, please give me a call. I can help navigate this year’s spring market, and ensure any purchase and/or sale goes smoothly.

Facebook! Have You Liked Our Team Page Yet?

Our team Facebook page is a great place for you to keep informed about the latest news or events in our community, exciting contests or giveaways and sneak peaks into our future and current listings. If you're not already following us, please take a moment and like our page.

https://www.facebook.com/thedeutschmannteam/

Market Report:

It's officially spring and the market is starting to warm up again. Read Drew's report to see how our local market performed last month: http://elitere.ca/blog/kitchener-waterloo-real-estate-market-blog/

Featured Listings:

Final Phase in Carriage Crossing - Starting at $1,381,667

Only a few lots left for the final phase in Carriage Crossing! We are now closing homes in 2019. Make sure you reserve your lot today! Custom build your dream home with Deutschmann Homes in Waterloo's prestigious Carriage Crossing! Premium upgrades included! For more information and pricing: http://elitere.ca/team-listings/. Want to see pictures of finished homes and previous model homes? Check out our gallery: http://deutschmannhomes.ca/gallery.php

326 Grant Crescent, Waterloo - $1,349,900

Country living in the city! Hidden away towards the end of a cul-de-sac, this magnificent "Old Colonial Acres" Estate home is located in one of Waterloo's most affluent neighbourhoods on a 3/4 acre property. This stunning American-Dutch Colonial 2-storey offers over 5100 square feet of finished space, has 6 bedrooms, 3 bathrooms, and boasts $300,000 in recent updates. This property offers more things than we can list! This is truly a home like no other. Check out the full listing: https://youriguide.com/i1t5c_326_grant_crescent_waterloo_on

23 Pioneer Tower Crescent, Kitchener - $899,900

Deer Ridge! Stunning executive home is located on a quiet, sought-after street in the heart of Deer Ridge! Beautifully-finished, this home has been recently renovated and is loaded with upgrades. No expense has been spared-no detail over-looked! Enjoy the tranquil backyard complete with a large pool-sized yard, 2-tier deck, and extensive landscaping.

https://mls.youriguide.com/23_pioneer_tower_cres_kitchener_on

204 Evens Pond Crescent, Kitchener - $879,900

This stunning model home built by Finoro Homes has 3 bedrooms, 4 bathrooms and a walk-out basement. Featuring: a designer kitchen, finished basement, luxurious finishes, tons of upgrades, and a fantastic location. This home offers it all! https://youriguide.com/204_evens_pond_cres_kitchener_on

84 Elmbank Trail, Kitchener - $858,750

This gorgeous, open concept 3 bedroom/2 bath bungalow by Finoro Homes can still be customized with your personal touch! This 1,850 sq. ft. home is currently under construction in Kitchener's beautiful Doon Creek neighbourhood, just minutes from Highway 401. Choose from a wide selection of luxury finishes offered by this high quality home builder. The neighbourhood is conveniently located close to nature trails, parks, schools, shopping and restaurants.

151 Oak Park Drive, Waterloo - $659,900

Prestigious Carriage Crossing! This executive freehold townhome backing onto green space offers luxurious finishes and upgrades throughout including hardwood, quartz counters, master with coffered ceilings and a 2-sided fireplace. Located in a prestigious neighbourhood – these homes rarely come available for sale! http://www.myvisuallistings.com/pfsnb/257318

708-223 Erb Street, Waterloo - $538,800

Enjoy living in the Westmount Grand! This luxurious 2 bedroom corner unit condo features 1,361 sq ft, a balcony and boasts high end finishes throughout. http://www.myvisuallistings.com/vt/254916

95 Glenvista Drive, Kitchener - $425,000

Beautiful 3 bedroom, 3 bathroom freehold townhome with garage. Built in 2016. Spacious, open concept 3-storey design with 1,438 sq ft. All appliances included. Central location close to shopping, restaurants, schools and Highways 8 and 401. Full listing details: http://elitere.ca/team-listings/

709-1 Victoria St. S, Kitchener - $359,900

This is your chance to own a spectacular one bedroom + den in the trendy 1 Victoria building known for its exception location and state of the art amenities! Situated right in the heart of the "Innovation District" this stunning condo features a gorgeous modern kitchen, bright and spacious layout, wide-plank laminate flooring and over-sized, almost floor to ceiling windows which offer spectacular views of the city! http://elitere.ca/team-listings/

What's Happening in Our Region:

The sap has started to flow! Did you know that the Elmira Maple Syrup Festival is recognized by the Guinness Book of World Records for being the World’s Largest Single Day Maple Syrup Festival? This is a great chance to fill up on pancakes and syrup, visit the sugar bush, enjoy live performers and endless delicious foods! Don't miss your change to meet Flapjack!

The festival will be held on Saturday, April 7th from 7am-4pm and all the details can be found here:

http://www.elmiramaplesyrup.com/the-festival/

How To Deal With Competing Offers

Ideally, you want to be the only buyer who makes an offer on a particular property. That way, assuming your price is acceptable to the seller, you’re almost certain to close the deal.

But, it doesn’t always work out that way. In the case of highly desirable homes, it’s very common for there to be competing offers.

So, what do you do if there’s a competing offer on a home you really want?

First, don’t panic. Just because there are other buyers interested in the property doesn’t mean you won’t get it. There are many factors that influence a seller’s decision to choose one offer over another.

For example, sellers are generally skeptical of offers from buyers who do not have a pre-approved mortgage, or have not yet put their own home on the market.

Conditional offers based on these factors are often a red flag. Most sellers will readily accept an offer conditional on a satisfactory home inspection. However, if there are other more stringent conditions - such as an offer conditional on the buyer selling his own home for a particular price, or an offer conditional on arranging satisfactory financing - many sellers will be reluctant to accept the offer.

Of course, it isn’t always possible to avoid including these kinds of conditions. That doesn’t mean you won’t get the home. A solid presentation of the offer along with my skilled negotiation can make all the difference.

Remove Emotion When Selling

Most real estate experts agree that being too emotionally attached to your home can lead to poor decision making, such as over-pricing the listing and making hasty choices based on feelings rather than facts.

Of course, removing emotion from the home selling equation is easier said than done. After all, it is your home. It’s only natural to be emotionally connected to it. So, how do you ensure that emotions don’t get in the way of selling your house quickly and for the best price? Here are some strategies:

Think of selling your property as a business transaction only. Focus your emotions on the new home you’ll be moving into soon.
Stow as many personal items as possible, such as trophies and family pictures. Turn your home into an attractive product.
If a buyer makes a negative comment about your property - “I hate the deck colour.” - don’t take it personally.
Avoid judging offers to buy your house based on whether or not you like the buyer.

Finally, whenever you make a decision during the home selling process, ask yourself: “Am I making this decision based on fact or emotion?” If the answer is “fact” then, chances are, you’re on solid footing.

Make Your House “Picture Perfect” For Buyers

When you walk into a nice hotel room, what do you usually notice first? It may be the large, often beautiful picture hanging above the bed. You’ll probably find a smaller, equally attractive picture hanging in the bathroom. Often there will be at least two more adorning other walls.

That’s no accident. Hotels know that pictures are the simplest, surest way to make a good-looking room look great.

The same thing holds true when preparing your house for sale. According to home staging experts, hanging a few quality pictures can transform the look of just about any room - even a washroom!

Chances are, you already have pictures hanging in your home. Do you need more? That depends. If you have a room that seems dull, and there is open and empty wall space, try adding a picture. You don’t have to buy one or hang one - just have someone hold up an existing picture. If the look of the room improves, consider adding a picture in that spot.

Pictures don’t have to be expensive; they just need to be of good quality. Many retailers sell good-looking, nicely-framed pictures at affordable prices.

notable, quotable... quotes!

“Failure doesn’t come from not reaching your goal, but from having no goal to reach.”
Benjamin Mays

“No bird soars too high if he soars with his own wings.”
William Blake

“You can’t build a reputation on what you’re going to do.”
Henry Ford

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

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