Real Estate Blog

Most homes sold in Saskatchewan have a home inspection condition in the contract of purchase because it is highly recommended that all buyers request one before they close on a property. Since there are often a lot of questions surrounding a home inspection, let’s take the time to review some of the more common ones:

What is a Home Inspection?

A home inspection is a professional consulting service that determines the present condition of the home’s major systems, based on a visual inspection of accessible features. 

A Home Inspection is: 

  • An in-field evaluation and professional opinion of the performance of the readily accessible installed systems in a home.
  • Primarily a visual inspection.
  • Intended to identify components that are
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The real estate market is data-driven and, as a REALTOR®, it is my job to not only be familiar with this data, but also to understand how it will impact both my buyers and sellers at any given time so that I can protect their best interests. There are those who will rely entirely on the experts to advise them, which is why I continually focus on this aspect of my job. But if you're at all interested in the basics, understanding what is happening in the real estate market for yourself before you dive in could give you an advantage over the competition.

Let’s take a look at just a few key market stats that will help you learn more about what is happening in your current real estate market:

Sale-to-New-Listing Ratio

Whether you are buying or

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In the past few decades, it has become more and more popular to purchase a fixer-upper as a way to invest in real estate. With the invention of the internet and YouTube, any DIY-er can quickly learn how to do practically anything—from refinishing hardwood flooring to mudding and taping walls. Removing that old popcorn ceiling? No problem! Opening up the wall between the kitchen and the living room? Simple! 

With a fixer upper, a real estate investor has the choice to contract the work or put in some sweat equity to really increase their ROI. Of course, the end goal is to make a profit when it comes time to sell. Whether the plan is to sell immediately or to live in the home for awhile and sell in the future, this can be a very realistic way to

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If you haven't already heard, the 2021 real estate market in Saskatoon is crazy low in inventory, with homes selling faster and faster as spring approaches. Certain price ranges and property types are especially short this year, so we thought we would take a moment to share with you the 5 we are most in need of this year. Think yours might be one of them? Contact me today and let's get it listed while the market's hot!

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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

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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

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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

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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.

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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

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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!

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