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Monday Market Update Episode 6

 

Welcome to episode 6 of the Monday Market Update!

On this weeks 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. 

March is over and it was an absolutely insane month for London real estate. We saw a 28% increase in sales volume compared to that of 2016. Like I predicted last week, more listings did hit the market in the past week, but the buyers just cannot be stopped! in the last week, London, Ontario’s real estate market saw: 230 new listings come to market with 391 homes sold or conditionally sold. This is insane! That is a difference of more than 150! We are still seeing this sellers market in London, Ontario. London, Ontario’s housing market set a record back in 2016, when sales were up 11%, however compared to last year we are up 28%! This market is just getting crazier and crazier, the numbers do not lie. One thing I am also starting to notice is that people being priced out of the market in the GTA are starting to find that their money goes a lot further here than it would in a place like Toronto. That being said we are even starting to see people going to the outer ring of the city because they are starting to get priced out of the London market! Timing is important to selling your home and if you are thinking about buying a home. Don’t let time get the best of you and wait too long, give me a call today and we’ll get your house on the market!

4 Easy Security Measures To Protect Your Home

Whether you live alone, you’re going on vacation, or you just don’t want to spend a fortune on a new home security system, these are some great tips that will help keep your home safe.

Purchasing a home is a huge investment in both time and money. Whether you’re a first time home buyer or a seasoned investor, wanting to protect your investment is only natural, however not all of us have thousands of dollars to spend on a top-of-the-line security system. Luckily, there are other clever and inexpensive ways to keep your home safe from intruders.

Car Panic Button

Whether you live alone or not, the panic button for your car is a great way to have an alarm system without having to fork out that extra cash. Simply keep your car keys beside your bed and if you hear any suspicious activity, press the panic button. The alarm should scare intruders away, or at least prompt your neighbours to check on the situation. 

Footsteps in the Snow

During the holiday season, many people go on vacations, and leave their homes empty – a perfect target for burglars. The key to deterring off unwanted visitors is to make your home look lived in. Ask your neighbours to shovel your driveway and collect your mail. Some burglars will even plant a flyer to see if someone retrieves it. You could even have your neighbour park their car in your driveway.

Beware of Dog

This is probably the oldest and cheesiest intruder prevention method in the book, but it surprisingly works! Burglars want to find the easiest, fastest and quietest house to break into, so finding out if the dog is real or not adds both time and effort to the operation that they’re not willing to take. Putting a dog bowl outside will also help support the myth and deter the burglar.

Timers

Set your inside and outside lights, radio and TV to a timer to create the illusion that you’re still at home. Motion sensors are also a great way to scare off intruders.

 

Monday Market Update Episode 5

 

Welcome to episode number 5 of the Monday Market Update!

On this weeks episode of the Monday Market Update, Matt provides you with numbers and facts about the London, Ontario real estate market. These numbers and facts include new listings, homes sold, and homes conditionally sold. In this segment Matt also gives his opinion on what the current London, Ontario real estate 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 March 20th, 2017 London, Ontario’s real estate market saw 250 new listings come to the market, and 288 homes sold or conditionally sold.

Spring is finally coming! We are hoping that this means that sellers will get their homes on the market. Inventory in London has been low for quite some time while the demand has been through the roof. It would be nice to see the playing field even up this spring with more new listings to meet the demand from buyers. We are beginning to see the gap between new active listings and sales getting closer and closer, and I think that it will finally even out shortly as the weather warms up. Winter is almost gone, and I hope this means that we are about to see a bug jump in listings and that this warmer weather lights a fire under sellers to get their homes on the market! It would be nice to see the market slow down here in London as buyers are having a difficult time finding what they are looking for due to low inventory. That being said it is also a very exciting time for the market in London, and sellers are getting crazy numbers for their homes! Lets see what happens, only time will tell.   

Preparing Your House For A Home Inspection

Why Would I Get A Home Inspection?

 

Having a home inspection is your chance to avoid concerns with buying a new home—or, at least, use the results to either negotiate the price with the seller or have them pay for the repairs. A home inspection would occur because of a contingency on a deal that the home must receive a satisfactory rating from a home inspector. It is mandatory by law, due to liability issues, that an agent must be present during the inspection (this can be either the buyer or seller’s agent). However, during the majority of inspections, both parties are present. The seller can join to answer any questions and because inspections are generally at the buyer’s expense, the buyer is usually present to express any questions or concerns about the home.

Being Proactive

  If the seller wanted to be proactive, they could have an inspection done before they list the house, called a ‘pre-listing inspection’. The reason a seller would have an inspection performed is that even they may question the safety of their home. This is usually only the case for houses that are over 40 years old. Another reason is to not scare off buyers. By having an inspection completed before listing and having that information available, the seller can expect the buyer to not drastically lower their offer, or pull out of the deal because of the inspection results.

In order to make the inspection process go as smoothly as possible, there are some tasks that the seller should make sure are complete prior to the appointment:

  1. All utilities are on – this includes hydro, water, and gas.
  2. Locks are removed from the outside gates to allow access to the exterior of the home.
  3. All crawlspace entrances are not blocked or nailed closed.
  4. Ensure the electrical panel is accessible.
  5. Ensure the water meter and main water line are accessible.
  6. Ensure the water heater is accessible.
  7. Ensure the furnace is accessible.
  8. Ensure the air conditioning is accessible.
  9. Ensure the attic hatch is accessible with a stepladder (note: the location of the hatch may be in a hallway, garage, bedroom, or closet – if in a closet, be sure to remove all clothing, stored items, and shelves prior to inspection).

Other Things to Note:

 
  • A complete and thorough home inspection will vary depending on the size and complexity of the home, but a ‘typical’ home inspection will take approximately 3 hours.
  • Professional home inspectors will generally arrive 15-30 minutes prior to the scheduled appointment time. This allows them to inspect the exterior of the home while waiting for the buyer and realtor to arrive.
  • The inspector will need about 2-3 feet of clearance to safely access the electrical panel, water meter, water heater, furnace, sump pump, etc.
  • Be sure to remove all debris or stored items restricting these areas prior to inspection as that will add more time to the inspection process.

Monday Market Update Episode 4

 

Welcome to episode 4 of the Monday Market Update!

On this weeks 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.  Last week we missed our Monday Market Update because Matt was on vacation, so this week we are going to update you on the past two weeks of real estate numbers inclusing homes sold, and conditionally sold, and new listings, as well as the trends that we have seen in the past few weeks. In the week of March 13th, 2017 London, Ontario’s real estate market saw 213 new listings come to the market, and 332 homes sold or conditionally sold. In the week on March 20th, we saw 184 new listings come to the market and 296 homes sold and conditionally sold in London, Ontario’s real estate market. We are still seeing a strong and fierce Seller’s market here in London, where the supply of homes for sale cannot keep up with the demands from buyers in the London, Ontario market. Because of this we are still seeing many homes sell above their listing price. It is still a great time to sell in London, Ontario, and if you are considering selling your home now is the time!! My prediction for the month of March 2017 is that we are going to see a 20% increase in sales compared to that of March 2016 sales as the market in London, Ontario is on fire.  If you are in the market now is the most opportune time to sell!    

4 Easy Ways To Learn More About A Neighbourhood

If you’re looking to move, whether it is just around the corner or halfway across the world, there are proactive actions you can take to get a better idea of the neighbourhood that you’re looking to move into. Here are 4 tricks you can do to make sure you choose the right place to live.

Google Earth

Google earth may be the best way to virtually view your neighbourhood today. It has multiple features that allow you to interact differently with this tool. The detail is incredible as you can zoom from outer space all the way down to street level. The street level view looks as if you’re standing in the middle of the road and can look around from the perspective of a person rather than an overhead view (which is also available). In this view, you can ‘walk’ down the street to see the neighbourhood. You can also visualize GPS tracks, which makes it easy to see what the commute to work, the store or the gym will be like. Lastly, you can now fly overhead and view the world in 3D.

Go For A Walk

The best way to get a feel for the neighbourhood is to go see it yourself! Go for a walk in the neighbourhood with purpose – see the local parks, meets neighbours, and get a feel for the sense of community.

Shop Local

Imagine you’ve bought the house that you’re thinking about. Now, think about where you would go for groceries? For dinner? For a new pair of shoes? Go to these locations, meet the people and see if it is somewhere that suits you. We more often than not shop in places that are conveniently located on our way home or near our house.

Google Reviews

To tie into much what has already been mentioned, Google reviews can provide insight into many of the concerns you may have. Online is a great resource for reviews of neighbourhoods, schools, businesses and restaurants. This way you can compare your own opinions to what other people have to say. Places like Yelp and TripAdvisor are also helpful tools. But be mindful! There are many reviews written by hired writers to help increase their rating. Surf the internet with caution and don’t believe everything you read. 

3 Things That People Overlook When Moving

There are many factors to take into consideration when moving; such as the size and cost of your new home, proximity to the highway and/or what schools are in the neighbourhood. Here are the 3 most important things buyers often overlook that will make a significant difference when purchasing a home.

Proximity To Lifestyle Activities

People often underestimate how important it is to live close to activities surrounding their lifestyle. Do you have a dog that loves going to the dog park? Are you a couple that cycles on bike paths daily? Is there a specific gym that you prefer? These are all questions that you need to take into consideration when looking for a new home. Staying active and maintaining a healthy lifestyle is extremely important, and moving to a new location may break these habits if the distance is too far.

What Stages Of Your Life Will Be Spent In Your New Home

When planning to move, it is important to have an idea of where your life is headed. Are you planning on starting a family soon and will need a bigger space? Are you retiring in the next ten years and will need to downsize? Are you going to be travelling a lot for business or pleasure in the coming years? Answering these questions can really change your mindset about where to move. Buying a new home can be a tedious and stressful experience, so make sure you make the right decision the first time so you can properly plan for your future.

How Easy It Is to Get To And From Work

Imagine driving to work in bumper-to-bumper traffic with the sun directly in your eyes every single morning. The commute to work is something that you’re going to be doing on almost a daily basis, so try and find a home that makes getting to and from work easy and stress free. You wouldn’t believe the difference this makes to your routine!