January 2021

Found 13 blog entries for January 2021.

Congratulations! You have an offer on your property that is conditional on the sale of the buyer’s property. So if you accept it, the property is sold, right?! Well...not quite yet. Let’s explore what this condition means and how it affects you as the seller. 

The “Sale of Property” Condition

“Conditionally Sold” implies that you have accepted an offer from a buyer, which is conditional upon the seller and/or buyer being able to fulfill certain agreed upon conditions.  Such conditions usually include the buyer being able to obtain a satisfactory home inspection report and securing financing. In the case of the Sale of Property Condition (SOP), the buyer agrees to purchase the seller’s home, as long as the buyer’s home is successfully sold within

499 Views, 0 Comments

Are you thinking of selling your home in the near future but when you look around you see so many things that may overshadow your homes shine? You know that kitchens and bathrooms sell homes, and home buyers usually want to see these items completed before they move in, unless they are buying a house for a great price expecting to need to renovate it. And the trick to deciding whether or not to renovate is to figure out which category your home will fall under.

Renovations That Always Pay When Selling a House

There are renovations that pay, those that will add some value, and those to avoid. The key lies in the difference between what buyers like and what they’ll actually pay for. Here is a list of renovations that always pay:

General

63 Views, 0 Comments

A very small portion of the population is able to pay cash for a home purchase. Most people need to take out a mortgage to purchase a home. Small changes in interest rates can make a big difference in how much interest is paid over the lifetime of the mortgage. Join me as I explore what the interest rates are doing since COVID-19 hit and why you should sell now, during a pandemic.

Interest Rates in Canada

The Bank of Canada slashed its benchmark interest rate to help stimulate the economy. And even though the Bank of Canada doesn’t set all mortgage rates, they do have some impact on rates overall.

The Bank of Canada uses interest rates to control the economy. When the economy is strong, they may raise the rate to keep inflation from rising

104 Views, 0 Comments

 

SASKATOON REAL ESTATE REPORT

 December Update:

December's residential sales of 274 units were down from November's total of 358. They were up 34.98% from December 2019 which saw 203 units sell!

- 112 of the 274 were in the price range between $200,000 - $349,999 (40.88%)

- $200,000 - $299,999 had 65 units sell (23.72%)

- $300,000 - $349,999 had 47 units sell (17.15%)

For more details on these stats, compiled by the Saskatoon REALTORS® Association click here.

What is selling the most; Single Detached? Townhouses? Apartment style condos?

- Of the 274 sales in December, 196 were single detached (71.53%) Up from 69.0% in November.

 - 44 were Semi Detached (Townhouses, 1/2 duplex)  (16.05%) Up from 14.1% in November.

634 Views, 0 Comments

Selling your home is a large undertaking. Not only is it time consuming, but it can also be emotionally challenging, especially if you’ve never done it before. You will not only need to get your home ready for listing, but you will also need to deal with the sale itself—from deciding on the asking price to completing the contract. These details require a great amount of knowledge and should not be taken lightly.    

This is where the help of an experienced local REALTOR® can really help! They will provide you with profit-producing tips and tricks to ensure you get the most value for your home.  They will guide you every step of the way, from recommending the right asking price to ensuring all the contract paperwork is in order. It is their job to

99 Views, 0 Comments

The 2021 real estate market in Saskatoon is already hot and bustling, with listings heading out the door faster than they have in a while. This means the home buying experience is going to look a little different than you may remember, if you've done it before. And if this is your first time buying a home—you're in for a real treat! Here are 5 tips to get you ready to buy a house in the 2021 real estate market in Saskatoon!

56 Views, 0 Comments

Too often, people rush into buying a house when they’re not ready. Just because you’re sick of renting does not mean you should automatically buy a home thinking it’s the only alternative. Being sick of renting is most definitely a better alternative to buying and ending up with your finances in a mess or with a home that doesn’t fit your needs.

Owning a home is a big commitment, it’s not a guaranteed investment, and it’s a truckload of work. It can be a smart long-term move, but you want to know what you’re getting into. The following tips for buying a home are here to help you get started:

1. Know Your Credit Score. Your credit score is one of the most important factors considered in your mortgage financing. Find out your score before you even

46 Views, 0 Comments

Purchasing a home, especially as a first time home buyer, is a big decision and there are a lot of scenarios to consider. Now add in buying in a seller’s market, and it’s easy to feel overwhelmed. This guide will help take the guesswork out of the scenario for you and give you some tools and understanding of the process.  

A Brief Explanation of the Real Estate Market

Real estate and the housing market is cyclical, and these cycles are influenced by a number of factors, including interest rates, economic conditions, and consumer confidence. Together, all of these can create a shortage or surplus in housing, which is when we will see either a seller’s or buyer’s market.

A seller’s market happens when there’s a shortage in housing or more

106 Views, 0 Comments

Are you ready to tackle a renovation project? Whether or not you're thinking of selling your home anytime soon, it’s important to consider the return on your investment before you begin. That way, when it does come time to sell, you will see thatyour hard work paid off and increased the value of your home. Join me as I explore the best renovations with the highest return on investment:

Paint

Painting is the most under-appreciated home improvement. Nothing provides a higher ROI than quality, professionally-done painting. It doesn’t seem like the most glamorous of renovations, or promise the most dramatic before-and-after, but it instills freshness and can flatter your home in ways you’ve never imagined. 

Return on Investment: A fresh coat of

160 Views, 0 Comments

When you have a potential buyer request a viewing of your home, you have passed the first test. Your home meets some or most of their search criteria and the listing looks appealing enough for them to want to see more! One of the most important things you can do now to ensure your home makes a great first impression for buyers, both online and in person, is to stage your home.

Why Stage a Home For Sale?

Home staging has been growing in popularity for many years in the real estate industry. It’s important to understand that staging goes much further than placing furniture in a home that is going on the market for sale. The prime reasons staging has become commonplace is due to consumer demand and the increase of online home shopping.

Most, if

60 Views, 0 Comments