Christine Lelond Your Home Expert

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Decorative moulding is one of the most eye-catching ways to upgrade a room. You’re probably accustomed to seeing standard baseboard moulding installed where your floor meets the wall. But, there are many other types. For example:

 

• Crown moulding for ceilings.

• Panel moulding for a southern colonial look.

• Chair rail moulding, which is very distinctive on walls.

• Apron moulding for window sills.

• Entablature moulding for above doorways.

 

Decorative moulding comes in a dizzying array of styles. Interior designers recommend taking home samples, just as you would take paint swatches, to test out ideas.

 

In addition to style choices, you also need to select the material you prefer. Moulding can be made of wood, plaster, laminate, composite, fiberboard, vinyl and other materials. There are pros and cons to each. Generally, the higher-priced options are more attractive and durable. (If you select wood, you typically have the additional option of “finished or unfinished”. If you choose unfinished, you of course, will be painting it yourself.)

 

Choosing the right moulding for the look you want is the toughest part of the job. Installation is a lot easier and most people with DIY experience have no problems.

 

So if you want to add some magic to your walls, consider decorative moulding. It can turn a room from standard to stunning.

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When you list your home for sale, you want as many buyers as possible to find out about it. So consider how many friends, neighbors and work colleagues you have. Then think about how many people they know.

 

The number is likely in the hundreds. One of those people could be looking for a property just like yours.

 

That’s why getting your friends to spread the word about your listing is so effective. How do you do that?

 

One strategy is to have a moving party. This gives you an opportunity to ask your friends, as a group, to tell others about your listing.

 

You can also encourage your friends to bring a guest who is currently in the market for a new home.

 

Another good idea is to put a profile of your listing on Facebook. This is the fastest and most convenient way for your Facebook friends to point others to your listing.

 

Do you have friends who work at larger organizations like banks and factories? They probably have access to an employee lunch room with a bulletin board. You can spread the word by asking them to put up an information sheet on your listing.

 

Try one or more of these ideas. Combined with my marketing plan for you, they can help get more qualified buyers to your doorstep.

 

Want more tips on promoting your listing? Call today.

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At the end of the first quarter, the number of MLS home sales was 723 units or a 1% increase over last year. The number of properties listed for sale year to date was 2,193, just 2% lower than the first three months of 2016. “Although the first quarter unit sales are comparable to 2016, pricing seems to be slipping slightly,” comments Jason Yochim, CEO of the Saskatoon Region Association of REALTORS®. “The median price of $320,000 is down 4.3% from a year ago, and the average price of $342,100 is down 1.5%,” he adds.


The Home Price Index (HPI) published by the Canadian Real Estate Association indicates a downward trend in pricing as well. The composite price, an aggregate of all home types, for Saskatoon, has been trending downward since August of 2016 when the benchmark value was $309,500 compared to $297,900. This composite value reached its peak of $313,800 in July of 2015. The HPI is based on a benchmark value of $133,400 established in January of 2005. This value is indexed every month thereafter representing the changes to that base value. The downward pressure on pricing is likely to remain until there is a decrease in the current inventory of just over 1,850 active listings or an increase in demand.


Multi-family sales of 220 units were up year to date by 18% compared to 187 unit sales last year. The number of single-family sales of 510 units was a slight decline of just over 4% year over year. The federal changes to mortgage qualification introduced in October of 2017 no doubt have had an impact on some who found it harder to qualify for a single family home. These changes increased the number of multi-family transactions due to buyers qualifying at a substantially lower purchase price. This is reflected in a 5% increase in sales between $200,000 and $350,000 in the first quarter. During this same period, homes priced from $350,000 to $600,000 saw a 13% decline in unit sales.


There is currently enough existing inventory to last almost six months based on current sales activity. This is slightly higher than the five-year average of 4.84 months. For the homes that do sell, currently, on average, it takes 47 days. This is two days more than the five-year average. These homes are selling at just under 98% of the asking price. This is a reflection of the “intelligent buyer” that we see in today’s market place. “Today’s consumer has access to detailed information at their fingertips and know very well what the true market price of a home should be.


Sellers are equally informed, and when they can think objectively, they price to market, and the result is a quicker sale with the sale price tight to list.” according to Yochim. The problem lies in most of us unable to be objective even in the face of raw data. The mindset of many home sellers is that their home is worth more than the one down the street because they used ‘heavy duty’ nails in the construction or similar rationale. “This is one of the most critical reasons for enlisting the advice of a professional REALTOR® in pricing your home.” Activity in the area surrounding Saskatoon has experienced a decline of almost 17% in the number of sales for the first quarter of the year with 167 total sales. A positive here though is the average price is up 9.2% and the days on the market is 64 days compared to 70 for last year.


Martensville and Warman have not been affected the same way in the past three years. The city of Martensville experiences 38 sales and 153 listings so far in 2017. By comparison, in the first quarter of 2017 Warman recorded 57 sales and 144 new listings. In the first three months of 2015, Warman had 81 sales compared with 26 in Martensville. -Source: April 2017 SRAR News Release 


Looking for sound market advice?  As REALTOR® and Nationally Accredited Buyer Representative - ABR®, Seller Representative Specialist - SRS® and Real Estate Negotiation Expert - RENE, I can provide you with this advice. Call today.
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