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Monday Market Update Episode 12

 

Welcome to episode twelve of the Monday Market Update!

On the Monday Market Update, Matt provides you with numbers and facts about the London, Ontario real estate market including new listings, homes sold, and homes conditionally sold. In this segment Matt also gives his opinion on what the current London, Ontario market looks like, as well as the surrounding areas! Matt also shares his predictions on what the real estate market will look like going forward. 

In the week of May 8th, 2017 London, Ontario’s real estate market saw 395 new listings come to the market and 283 homes sold or conditionally sold. Now we are starting to see some stability come to the market. Buyers and sellers are starting to get less anxiety as we are getting away from the frenzy. That being said, we are still seeing homes sell for a good buck, getting multiple offers, and homes selling for above asking price.  It seems that a lot of the people here in London, Ontario are kind of tapping on the breaks from an emotional standpoint and not necessarily rushing immediately into the housing market. We are still seeing houses sell above the listing price here in London, Ontario, but people are starting to take their time looking at houses and not necessarily rushing to send an offer on a home they just looked at. We are finally starting to see some warm weather coming back! My prediction is that we are going to see more buyers looking for homes as they are more likely to get out if they can drive around in a t-shirt and look for that home for the summer.  Check back next week for a new episode of the Monday Market Update!

Baracoa
Tobacconist

   

About

  This week we are talking to Dave Sorge! He is the owner and operator of London, Ontario’s very own licensed registered tobacconist: Baracoa Tobacconist Cigar Shop. Dave has been in this business for six years, recently moving his shop to 173 Wharncliffe Road South. While specialising in cigars, Dave also sells an array of top of the line accessories from humidors (they will season them for all customers, free of charge), to pipes and pipe tobacco, lighters, cutters, fixtures and even men’s shaving supplies! Most recently, Dave expanded his inventory to the vaping world. This shop is undoubtedly the Forest City’s premier destination for all things tobacco! Baracoa Because Baracoa is a licensed registered tobacconist, the products are approved to be on display, and this sets Dave’s shop apart from the rest. The inventory of cigars available to buy come from the leading tobacco-producing countries: Cuba, Dominican Republic, Nicaragua and Honduras. There is also an extensive selection from lesser known tobacco producers such as Italy, Ecuador, Canary Islands, Philippines and Mexico. Dave explains that in the face of significant headwinds with taxation and regulation, there is still a very high demand for tobacconists. Baracoa A unique feature is the customizable groomsmen packages that are available to purchase. Choose from a variety of cigars, cutters, lighters, travel cases, flasks, money clips and humidors to make the ultimate gift for your party on the special day. Baracoa even has an in-house engraver to personalise any product after purchase! Whether you are a tobacco amateur or aficionado, Barbacoa Tobacconist will unquestionably educate and provide you with everything you need to get started or expand your collection. Thanks for tuning in to this week’s #BusinessOfTheWeek, and see you next time! Baracoa

 

Contact Baracoa Tabacconist 

Website: www.BaracoaCigars.com

Phone: (519)679-2447

Email: info@baracoacigars.com

      

 

LOCATION:

173 Wharncliffe Road South

London, Ontario

N6J 2K7

 

HOURS

Monday-Tuesday: 10am-6pm

Wednesday-Friday: 10am-7pm

Saturday: 10am-6pm

Sunday: 11am-5pm

 

5 Renovation Mistakes

Renovations can be a nerve-racking but exciting time for you, as your home is one of the most important investments you will make in your life. It is a place where your family grows and memories are made, so you want to love every inch of space you have, and sometimes that calls for a renovation. There are many things that get overlooked, forgotten about, and even not considered when renovating – but hopefully you don’t make these same mistakes.

Buying Cheap Materials

The point of a renovation is to remodel or renew a space while increasing its value for an extended period of time. That period of time will be much shorter if you do not spend the money on materials where needed. The bottom line is this: you get what you pay for.

My Advice: If you’re planning on doing a renovation but can’t afford quality, wait.


Skipping The Prep Work

Comparing a renovation to going to the gym, the prep work is stretching. Although some consider it boring and time consuming, it is critical to perform well. Prep work during the renovation process is, just as, if not more important. The small things such as taping around obstructions when painting, may not seem like much, but to avoid frustration and added time and cost of cleaning, prep your home property before renovating. Remember, the whole point of doing a renovation yourself is to save time and money – don’t make the job more difficult than it has to be.

My Advice: The phrase, “measure twice, cut once” exists for a reason – plan ahead and take your time.


Using Too Much Duct Tape

Contrary to what movies and TV shows have told us, Duct Tape does not fix everything (and doesn’t look very pretty either).

My Advice: Stop listening to ‘The Red Green Show’.


Ignoring Lighting

Lighting is one of the most important elements in a room. It can create an ambiance and mood, especially by playing off the colours you have decided for the room. Determining fixtures or the bulbs themselves will stem from the purpose the room serves. For example, you will want to have bright, fluorescent lighting for a work space, but warm, dimmed-lighting for a theatre room. You will also need to consider how much natural light the room will receive – How big are the windows? Which direction do they face? Do you live in an area with multiple seasons? These are all questions you need to ask yourself.

When it comes to renovating your lighting, you must understand this: moving, changing, and adding lighting after the fact is not a quick, easy, inexpensive, or clean task.

My Advice: Talk to an electrician and plan ahead to make sure your final design is possible.


Mistake: Forgetting Safety

Just because you’re not on a construction site does not mean you can forget about the proper safety equipment such as steel-toed boots, safety glasses, earplugs, and gloves. You need to follow instructions and safety protocol when using heavy equipment and power tools.

Another thing to note: left-handed people need to be extra careful! Thousands of left-handed people are injured and killed each year from using power tools that are designed for right-handed individuals.

My Advice: Ensure that safety equipment is worn and a first aid box is kept near by.

Kyle Misson / Rogers

Kyle Misson / Rogers

Today I mugged Kyle Misson, a Local Rogers Advisor here in London, Ontario. Kyle is the guy to talk to with any questions surrounding home phone, internet, TV and Smart Home Monitoring Systems.

Monday Market Update Episode 11

 

Welcome to episode eleven of the Monday Market Update!

On the Monday Market Update, Matt provides you with numbers and facts about the London, Ontario real estate market including new listings, homes sold, and homes conditionally sold. In this segment Matt also gives his opinion on what the current London, Ontario market looks like, as well as the surrounding areas! Matt also shares his predictions on what the real estate market will look like going forward. 

In the week of May 1st, 2017 London Ontario’s real estate market saw 376 new listings come to market, and 283 homes sold and conditionally sold. We have FINALLY seen the much needed spike of new listings hit the market! The playing field is starting to even out as we see more new listings come to the market than homes sold. This is happening because one of two things. One is that people have been able to get outside more to clean up their front and back yards, and prepare to list their homes. The other reason could be that the buzz around the real estate market in London is finally getting through to homeowners and the deals are just too good to pass up. An interesting number to note is that we are about 25% ahead of where we were in 2016, this is another substantial number when you think about it. Another interesting fact is according to the London St. Thomas Real Estate Agency is that the average 2-storey sale of a house has now surpassed the $500,000 selling price! This is a very historic number in the London, Ontario real estate market, as this has historically never happened before. I feel like there will be even crazier numbers to come, so be sure to subscribe to my channel to find out the latest London, Ontario real estate market news! Check back next week for a new episode of the Monday Market Update!

55 Stone Ridge Crescent, Ilderton Ontario.

 

About 55 Stone Ridge Crescent

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4 Common Misconceptions of Real Estate

 

Having a professional on your team is now more important than ever. Thanks to the Internet, proprietary information is no longer an issue – it’s posted for all to see. Would you trust doing an engine swap in your car from how-to YouTube tutorials or would you prefer a professional with years of experience do it for you? The same goes for real estate.

Buying and selling a house is an infrequent transaction. You need someone there who knows the ins and outs of the market, the best strategy of when and how to list, and someone who understands the entire process. This help and expertise will allow the transaction to be as smooth as possible. This decision doesn’t just affect your bank account, it’s also incredibly emotional. A home is a place where families grow and memories are shared, but you need someone who can look at a deal and put feelings to the side.

 

This is a common misconception, especially for the younger generations, looking to buy their first home. Getting approved for a mortgage was particularly difficult after the credit and housing crisis, however today it is much easier. It is possible to get a loan with as little as 5% down. Keep in mind, hitting a home run isn’t that easy. You must still have good credit, a steady income and tangible assets to back you up!

 

Many people believe that because of technology, high-definition pictures, video walk-throughs, 360 degree videos, and virtual reality, that open houses are no longer an important aspect of selling your home.

Open houses are part of the foundation of real estate. The more you make your home available the better chance you have at not only selling it, but finding the best buyer.

While technology offers itself as a great tool to showcase your home to people who may not be able to make an open house, pictures and videos only go so far. As technology stands to today, virtual is still virtual. You cannot get a true sense of how well a home was maintained, how a home feels and the space it provides, without stepping inside.

 

There are many factors that help determine the appraised value of a home including the neighbourhood, age of the home, renovations, finishes and fixtures. That being said, those things only determine the appraised value, there is only one force that can determine the true value of a home. That force is the market. The true value of a home is only determined by what buyers are able and willing to pay for it.

Monday Market Update Episode 10

 

Welcome to episode ten of the Monday Market Update!

On this episode of the Monday Market Update, Matt provides you with numbers and facts about the London, Ontario real estate market including new listings, homes sold, and homes conditionally sold. In this segment Matt also gives his opinion on what the current London, Ontario market looks like, as well as the surrounding areas! Matt also shares his predictions on what the real estate market will look like going forward. 

It is the last week in April (April 24th, 2017) in London, Ontario the real estate market was a busy! We saw 306 new listings come to the market and 356 homes sold and conditionally sold. The trend continues as once again we see sales outpace listings. It is still a strong sellers market here in London, Ontario, and I do not see this changing any time in the near future. To summarize the month of April, London, Ontario had an overall amount of 906 homes sell which is less than that of 2016. This April we were slightly down from 2016’s sales, but why? The only reason I can think of is lack of inventory. The buyers are there and willing to buy, but the inventory is not. Like I have mentioned over the last several weeks is that the inventory is just not there! The demand for houses in London, Ontario far out measures the supply of homes for sale. I Wish there was something else to talk about, but the real estate market continues to be a very hot market and homes are still selling for well above the asking price and there are tons of buyers in the London, Ontario market. It is still a great time to sell your home in London, Ontario. Check back next week for a new episode of the Monday Market Update!

What Is A Real Estate Agent Today?

 

 

What comes to mind when you think of a real estate agent?

The easy answer is someone who is at open houses, someone who tries to get top dollar for your home or someone who sells construction that is underway. While all of those things are true, the job of a real estate agent has evolved into something much more than that. In order to be successful in any industry, you need to know the ins and outs, you need to be knowledgeable and be confident in your knowledge. A real estate agent is someone who you can reach out to with any and all questions regarding the housing industry. Your agent should be able to answer a wide range of questions. From “are there good schools in the area I’m looking for?” to “how much would it cost to install hardwood floors in the property I’m looking at?” 


 

So What Is A Real Estate Agent Today?

Beyond buying and selling homes, a real estate agent has evolved into a directory. We are now a walking-talking Yellowpages and Whitepages. We are the ‘who do you know’ person – we are the connectors. Our jobs require a lot of face-to-face conversation and networking is extremely important in the industry. Over time, a realtor will have built their own database of people they trust. Your agent was once someone you put a lot of your trust in their hands. Wouldn’t their recommendations on movers or landscapers be more credible than Google searching for a phone number and taking whoever was on the first page.

So next time you’re wondering where you can find a great painter or a skilled electrician, call your real estate agent! After being in the industry for over a decade and talking to countless clients and attending endless open houses, I wish I could say I know it all! I’m always learning and growing from each client I work with and I am always thankful for that working relationship.