Trish & Cheryl Niagara Real Estate Agents Niagara on the Lake Realty

Office 905-262-6996 | EMAIL info@homesnotl.ca |

 

Here is some food for thought for those sellers looking to put there home on the market and reduce some stress from the get go.  What if you got a home inspection done before your home hits the market?  I think this is a great idea for those clients who would like to get a jump start on any problems that may come out during a home inspection with a buyer.

 

Most home owners prep their homes by typically stagging and de-cluttering which is a good start but what if you took this one step further?  A home inspection could prove beneficial to the home owner to take care of a few things before the sign goes onto the front lawn by fixing a few select things on the report such as shingles on the roof, a few rotten deck boards and redirecting downspouts away from the home.

 

Yes, the inspection will cost you some money but it will be money well spent especially if the buyers are first time home buyers.  They can become overwhelmed with the list of repairs needed even if they are small ones they all add up.  If you can tick off some of these items before hand you are ahead of the game and feel confident that when the home inspection does happen you have done your part and have listed your property accurately.

Post CommentComments: 0Read Full Story

November 2017

 

As a realtor we get this question all the time and my answer depends on variables such as condition of competing inventory, whether it's hot, cold or neutral and the seller's return on investment.  Many sellers put way too much money into fixing up their homes for sale.  Some of these repairs a buyer will never notice.  Some buyers want a fixer upper but these are people who generally want to repaint, replace a faucet and maybe repaint or replace the kitchen cabinet doors and hardware.  Flippers and contractors will want the homes where they can take it down to the studs and make a profit when completed.  

 

Here is a list of 10 minimum improvements to make before selling your home:

 

1. Patch holes and cracks in walls and ceilings.

2. Fix all broken appliances and HVAC systems.

3. Repair leaky faucets.

4. Replace worn or stained carpet.

5. Repaint dark or maked walls with neutral paint.

6. Replace broken window glass.

7. Repair the roof.

8. Change out any dated light fixtures and ceiling fans.

9. Fix any code violations

10. Replace old drapes and window coverings.

Post CommentComments: 0Read Full Story

What is your home worth? A wide range of factors go into that question…

 

What is fair market value? Fair market value is the price a home will sell for, if put on the market for a reasonable amount of time. Buyers, sellers, and financers must all agree that the home is worth this selling price. The fair market value is also used by the tax assessor to calculate property taxes and by insurance agencies to set premiums.  There is no simple calculation in determining what a home is worth but there are factors you can use to arrive at an educated guess.

 

Here are several factors that play into determining home value:

 

 

LOCATION: What is the neighbourhood like, school districts, traffic, is there any new development going to be happening, any properties going to be rezoned?

 

FEATURES: Upgrades in a home add value but if you are putting on granite to a home that is in a not soo good area you maybe throwing good money after bad!  Upscale finishes and fixtures — high-quality wood floors, stone countertops, premium appliance brands —It’s still about location, location, location.

 

SIZE AND LAYOUT: Homes that are all similar in terms of size may vary by square footage price. In general, buyers place a premium on open-concept layouts, which tend to make a place feel bigger, as do high ceilings. In terms of pure square footage, giant is not always better. Buyers nearing retirement are less likely to want a gargantuan place or a second story — so an area’s demographics play an important role in a home’s worth in its particular location.

 

CONDITION AND AGE: Like people, some houses age better than others — due in no small part to how well they’re maintained. The older the home, the more important that it clearly show signs of proper, ongoing care. If the homeowner has kept records of services and repairs, all the better. A poorly kept house may be cheap to buy but expensive to own — and even difficult to insure.

 

CHARM: Again, like people, some houses are just easy to like. But bargain hunters should note that charm can be easy to fix. A well-built and maintained house with a cluttered interior, off-putting décor or an ugly front door can be a buyer’s best friend. It pays to look past the surface to a structure’s true value.

 

Professionals Are the Best

 

Both professional real estate appraisers and real estate agents can provide reliable estimates of fair market value. Note that appraisers charge for this service, but real estate agents don’t.

Real estate agents and appraisers who are familiar with the areas where you are buying or selling know more about properties in the area.

 

Note that even when these professionals give their opinions of value, there are no guarantees. Unforeseen factors can affect the ultimate selling price, such as when a neighbor suddenly decides to put three cars up on blocks in his front yard or a neighboring property falls into foreclosure.

 

#realestateinniagara #buyingandselling

Post CommentComments: 0Read Full Story

November 8th, 2017 Niagara- The Niagara Association of REALTORS reported 577 property sales processed through the Multiple Listing Service (MLS) system in OCTOBER.  This represents a 23.17% decrease in sales over OCTOBER of last year.

 

 

 

The residential average sale price of $387,001 was 9.97% per cent higher than last OCTOBER. The average days on market INCREASED from 34 to 39 days on market in the residential freehold market, and from 51 to 46 in the condominium market. These figures are taken from the following areas; Fort Erie, Fonthill/Pelham, Lincoln, Niagara Falls, Niagara-on-the-Lake, Port Colbourne/Wainfleet, St. Catharines, Thorold and Welland.  Please contact us if you would like more specifics from these regions.

 

Market Activity for Niagara-on-the-Lake

 

Niagara-on-the-Lake homes listed and sold

 

# of sales in OCTOBER 2016 - 37

 

# of sales in OCTOBER 2017 - 26

 

Average sale price 2016 - $748,783

 

Average sale price 2017 - $881,417

 

Average days on market 2016 - 71

 

Average days on market 2017 - 43

 

 

***The most popular (trendy) streets to live on in Niagara-on-the-Lake are Bay Berry, James Drive, Lucia Court, Harmony and Gage Street.


*Please contact Trish & Cheryl Niagara-on-the-Lake Realty

Sales Representatives, for more information for current

homes for sale in Niagara-on-the-Lake!

 

Post CommentComments: 0Read Full Story
I have listed a new property at 971 LINE 1 Road in Niagara-on-the-Lake.
A welcoming space for family and friends, this custom 1 acre estate home, built for the owners in 2006, has it all. Comprising a 3550 sq ft 3+1 bed bungalow, a detached two story 2 bed guest house, a large workshop/shed and a lazy L shaped in-ground swimming pool (approx. 44×20) with spill-over spa, gazebo and pool house. The main house is equipped with in-floor hydronic heating for maximum comfort, central a/c with attic located air handler, an on demand tankless hot water system (domestic and heating) and a monitored alarm system. As you enter the home, there are 2 large beds, full bath and extensive closets to the right and the Master suite to the left, comprising bedroom, walk-in closet and luxurious master bath with convenient access to the huge sunroom which features a 9 person hot tub. The chefs kitchen features commercial grade appliances. A barrel vaulted 146" ceiling, custom cabinets from John Bambridge, granite counters, large windows and custom built island/dining area, also opening into the formal dining room. Off the kitchen is a pantry and laundry/mud room, leading to double garage. The 500 sq ft Great room has extensive windows overlooking the pool & yard. Finished basement with full bar and wine cellar must be seen! Detached 1500 sqft 2 storey guest cottage features games room, living room and bathroom on the main floor,washroom, 2 beds and kitchen/dining space upstairs. Totally self contained with its own furnace, central air and water heater system. (id:2493)
Read Full Story
I have listed a new property at 6285 Pinestone Road in Niagara Falls.
Freehold Bungalow with loft and walkout basement. This end unit is in the award winning Neighbourhood's of St. David's subdivision. Open concept with vaulted ceiling in the great room and dining room. Hardwood floors, gas fireplace and unfinished walkout basement. Brand new Roof - September 2017. (id:2493)
Read Full Story
I have listed a new property at 16 PARKHILL Road in St. Catharines.
Attractive brick 3 bedroom bungalow in an elevated position on desirable Parkhill Road. Featuring a spacious living room to the front of the house and a great family kitchen and dining area, this home has a lot to offer. The basement has two further bedrooms and a recreation room along with several storage rooms and laundry room. The roof is in good shape the private back yard backs onto woodland. A new fence is being erected and there is lots of parking for four vehicles. This home is within walking distance of the Pen Centre, grocery stores, LCBO, various restaurants and good schools. More photos to be added soon. ** Please note, property boundary adjustment has been approved. Lot is now approx. 65 feet wide, not 70 feet ** (id:2493)
Read Full Story

October 12th, 2017 Niagara- The Niagara Association of REALTORS reported 547 property sales processed through the Multiple Listing Service (MLS) system in SEPTEMBER.  This represents a 35.95% decrease in sales over SEPTEMBER of last year.

 

 

The residential average sale price of $405,480 was 12.42% per cent higher than last SEPTEMBER. The average days on market DECREASED from 47 to 42 days on market in the residential freehold market, and from 73 to 28 in the condominium market. These figures are taken from the following areas; Fort Erie, Fonthill/Pelham, Lincoln, Niagara Falls, Niagara-on-the-Lake, Port Colbourne/Wainfleet, St. Catharines, Thorold and Welland.  Please contact us if you would like more specifics from these regions.

 

Market Activity for Niagara-on-the-Lake

 

Niagara-on-the-Lake homes listed and sold

 

# of sales in SEPTEMBER 2016 - 41

 

# of sales in SEPTEMBER 2017 - 54

 

Average sale price 2016 - $801,457

 

Average sale price 2017 - $1, 257,000

 

Average days on market 2016 - 88

 

Average days on market 2017 - 52

 

 

***The most popular (trendy) streets to live on in Niagara-on-the-Lake are Bay Berry, James Drive, Lucia Court, Harmony and Gage Street.


Post CommentComments: 0Read Full Story
The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.
MLS®, REALTOR®, and the associated logos are trademarks of The Canadian Real Estate Association.