Posts Tagged ‘Buyers’

The Cambridge Market Snapshot compares September 2014 to September 2013 Real Estate activity for Cambridge Ontario and also a five year comparison on the number of homes listed and sold and average price of list and average price of sold. All information refers only to single detached homes for the five listed area.

Cambridge Market Snapshot

 

Now is a good time to sell your home. Start now with a FREE HOME EVALUATION!

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Cambridge market barometer September 2014

 

Now is a good time to Sell. Get a FREE Home Evaluation!

We have DREAM Homes for Sale

640 Honeywood Pl

640 Honeywood Place, Waterloo ON $744,900

 

This beautiful home is located in a great area of Laurelwood and backs onto greenbelt. You will love the great layout and spaciousness of this home. A large front porch gives this home a homey feel and when you walk into the large foyer you will see that this is the home for your family. Down a short hall we find a large kitchen that is bright and open and you won’t believe the amazing view that the adjacent dinette gives you with large windows facing the back yard and green space. The kitchen and dinette are open to the family room and the garden door gives you access to the two tiered deck and the large back yard. The kitchen has a large island with double sinks and also serves as a breakfast bar. The family room also has large windows with view of the back deck and an opulent gas fireplace grounds the room and is a beautiful focus point. From the kitchen we access the formal dining room which is big enough for any family, friends or business function and the formal living room next to it is the place to entertain your guests. On the main floor we also have the 2-pce powder room and the laundry room with secure access to the garage. As we walk up the stairs you will notice the large landing area which could be used for a reading nook or computer area. The large master bedroom is complete with walk in closet and a large 4-pce ensuite with Whirlpool tub and separate shower. On this floor we also find three large bedrooms and a 5-pce bathroom. Down the lower floor is the fully finished basement with a large rec room from which we can access the back yard. We also have an office, a kid friendly playroom, storage, and a 3-pce bath on this floor. This home combines hardwood, carpet and tile floors beautifully. The double car garage and driveway completes the distinction of this home. See the Visual Tour Open House 24/7 at DaleDyer.com

Dream Home Finder

Summer came and left just like that! August market was slower for the Cambridge area but September is starting out like a lion. We’ll have to wait and see  how it all unfurl.

Here are the results for August:

Cambridge Market Barometer for  August

 

Dream Homes still available! Right Here!

Buying a resale condo is similar to buying a house but there are a few differences that you should be aware of if this is what you are planning.

Is condo living for you?
Condo living can require more give and take than a house as they might have rules regarding pets, noise, even window treatment and balcony furniture. You will want to consider that before launching into condo hunt.

The status certificate
Finding out about the condo corporation is most important and a status certificate will include such critical information. When you make an offer on a condo, it should be conditional on a review by your attorney of the status certificate. The certificate will cost you about $100 but is well worth it. Some of the key points that you will find in a status certificate include but are not limited to:

  • By-laws and rules~unlike apartments if the condo by-laws state that pets are not allowed then they are not. Make sure that you can live with the condo’s rules.
  • Financial records for the condo corporation~including most recent budget and the reserve fund. If costly repairs are required in the near future could require a steep increase in condo fees if there is insufficient cash in the reserve fund.
  • Utilities~some condos have their own hydro and water meters others share the cost equally or are included in the condo fee. You will want to know this to better budget.
  • Rental Status~you will want to know if there are other units that are rented. The corporation keeps a tally and includes the figure as part of the status certificate.
  • Parking Details~parking spaces can be owned or could be common element owned by the condo corporation and assigned to you

Ultimately when you buy into a condo, you are also choosing your community. It’s a big commitment, so take the time to find a place that suits your personal needs.

 

CONDO FOR SALE:

688 Preston Pkwy

302-688 Preston Parkway Cambridge ON

 

$229,900 ~ Great central location is 5 minutes to 401 and close to amenities. Close to nature trails. This large condo has 2 bedrooms 2 bath and 1390 sq. ft. It is located in a smaller building with 40 units which is geared to seniors. Nice open main living area has great features which include oak cabinets in kitchen, ceramic flooring in the kitchen, foyer and baths, in-suite laundry, whirlpool tub, super large master bedroom – 2 bedrooms were converted – could be converted back to 3 bedrooms. Storage area has water softener and water heater. A good size balcony surrounded by greenery is the ideal place to relax and enjoy the scenery.

See Visual Tour Open House 24/7 at DaleDyer.com

Living Room

Living Room

A little late bringing this out this month but with vacations and BBQ and all the summer fun and frolic we figured most of you are at the cottage or away visiting anyhow. If you are thinking of selling your home before the end of the year now is a good time to get started. Find out what your home is worth HERE!

Cambridge Market Snapshot July 2014

 

This is not the place to find a Realtor!

This is not the place to find a Realtor!

We always encourage Sellers to do their homework when hiring an agent and many do but there are those who just can’t seem to grasp the idea that the agent’s fiduciary duty is to represent the Seller and not himself. With increasing home prices in the KW region some have used  “Pocket Listing” as a mean to sell homes. This is an american term which Wikipedia explains as a property where a broker holds a signed listing agreement (or contract) with the seller, whether that be an “Exclusive Right to Sell” or “Exclusive Agency” agreement or contract, but where it is never advertised nor entered into a multiple listing system (MLS), or where advertising is limited for an agreed-upon period of time.

A ‘pocket listing’ gives that agent exclusive rights to sell the home and does not expose it to multiple buyers other than his own. This really raises questions about the value and role of the Realtor who cuts off the exposure to the MLS system. The promises by an agent that the sellers home will be sold right away is misleading and unscrupulous in the sense that the home might sell right away but will the sellers interest be looked after.

Even though a seller might be getting full asking price as established by the listing agreement he might not be given fair exposure to other buyers who would be willing to pay more. So on one hand the seller might look at that agent and think that he did well because he listed and sold his property and didn’t have to split the commission with another broker, and he got full price for it. But did he give himself the best exposure to get the best price?

The best way to get the highest price and best value for a property is with market exposure.

In the state it has been proven that pocket listed homes sold for less than those which had MLS exposure – in some cases significantly less.

The pocket listings are introduced to a small group – like members of a team – and kept hush, hush until a buyer is found. This could be a limited time agreement (2 weeks) where the agent has to find a buyer from his list of contacts. The marketing restrictions to such a small group poses the questions of discrimination and anti-trust that can emerge. This could become a price fixing arrangement which is violation of antitrust laws, subjecting all participants to potential liability.

Pocket listings can have undeniable attractions but sellers should beware of agents who offer them for their own gain and not for the sellers best interests.

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Find Your Dream Home!