Posts Tagged ‘market’

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

 

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Cambridge market barometer September 2014

 

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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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Here we are June already. Market is heating up along with the weather. If you are thinking of selling or buying a home don’t forget that we have the tools in place to get the job done. For Sellers, get a quick Free Home Evaluation to find out what your home is worth. For Buyers, let us help you Find your Dream Home quickly from the comfort of your home. Give us a call or follow the red links.

May Cambridge Market Baromerter

 

 

cleaning

Doesn’t it seem that when you just dust off the furniture a couple of  hours later it looks like you haven’t dusted at all? If you have dark furniture you will notice it even more. How can you get rid of this bothersome pest called ‘dust’? With great difficulties because dust particles are everywhere in our atmosphere. But for some folks it is more than a pest it is a cause of suffering with asthma, allergies and other breathing problems which can compromise their lifestyle and quality of life. You can however minimize the amount of dust in your home by making some small changes which will make a world of difference in the air quality of your home.

It’s all about the Carpet

If you are able to forgo the carpet you will notice a great difference right there. Dust just love the fibers of carpeting and every time you step on it the dust releases into the air. Products such as hardwood, stone or tile are good choices but don’t forgo a quality laminate or linoleum if price is an issue. There are so many new kinds on the market you should be able to find something to fit your decor and your budget. These are much easier to maintain and keep clean.

Wet Dust Can’t Fly

There is something to be said for the power of water especially when dusting or mopping. A simple damp cloth can pick up an enormous amount of dust from furniture. The same goes for a wet mop for the flooring. Wet dust can’t fly therefore reducing the amount of dust that gets pushed around and lands on the coffee table within the hour. Make sure to use fiber type cloth and not paper towels. For fine wood furniture use a well wrung damp cloth followed by a dry cloth to wipe off any moisture that could damage or mark the wood.

Zap the Static

The static electricity in your home can actually attract more dust. When your home is very dry like in the winter months you should look at using a humidifier to add moisture to the air and minimize dust. Remember wet dust can’t fly so if you add moisture to the air the dust will fall to the ground where it can be easily be damp mopped. Air purifiers can also help to reduce the dust.

 The Power of the Vacuum

Vacuuming your home every other day will make a major difference in the battle against dust. While you’re at it why not vacuum the upholstery from the furniture once a week to maximize the elimination of dust. A vacuum with a HEPA filter to trap small particles of dirt will go a long way and help freshen the air. Even though the bagless style vacuum cleaners are quite popular I prefer the bag vacuum as they capture more dust and you don’t have to handle any containers full of dust with your bare hands. Make sure you change the bag every couple of months.

Minimize the Strays

A lot of dust comes from the fibers of cotton and polyester found in our clothing. A simple solution is to store clothes in garment bags or even in space-saving, vacuum seal bags. Both will help in reducing the dust that flies around your house.

Keep the Pooch

Pets can be a major cause in the dust warfare as dead skin and hair find their way unto them! Make sure to groom them regularly to keep dead skin and hair from accumulating. Your cat or dog will also love you for it. Use a covered litter box to help lower the dust flying around.

Windows to fresh air

Some experts recommend keeping the windows close to avoid increasing the amount of dust in your  home but others suggest that the residues of flame-retardant chemicals in essentials like mattresses and TVs were showing up in household dust and with these particles being linked to cancer causing agent it was highly recommended to air out the home on a regular basis. Some fresh air might not eliminate dust but will give you a sense of well-being.

Change the Furnace Filters

Furnace filters are an inexpensive means of cleaning the air and preventing dust from blowing back throughout the house. Change them often especially in the winter months.

Get Rid of Dust Collectors

You know the nick-knacks that sit on the shelves that you barely look at or never use are major dust collectors. They need your attention too and must be washed and dusted regularly. Keep them to a minimum and it will make your cleaning job easier.  Less is always best when fighting the dust.

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Here are the March numbers for the Cambridge Real Estate Market. As spring ever so slowly takes place over winter, we see the number of listings on the rise compared to last month. Price of homes slightly higher by about 2%. The number of sold homes has also increased but the price of sold homes is slightly down from last month. Don’t miss our future post by the end of the week comparing five years for the Month of March which will give us a better picture for this time of the year.

 

Market Barometer for March 2014

 

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Here are the results of the Cambridge, ON Real Estate Market for the month of February 2014. Note that only Single Family Residential homes are included in the Barometer.

Cambridge ON Real Estate Market Barometer

Are you thinking about selling your home? Now is a good time to call us as we have buyers looking to buy your home.  Sell My Home NOW!