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You’re standing by your window admiring the view. Then you notice it. Moisture has built-up around the edges of the glass. Should you worry?

 

It all depends on the reason for the build up.

 

Assuming you have traditional double-pane glass in your windows, there are a few things to look for if you notice moisture.

 

Often, moisture at the bottom of the windows is simply caused by too much humidity in your indoor air. If that’s the case, simply adjust your humidifier. If the moisture is on the exterior of the window, typically there’s also no problem with the window itself. It may have rained recently or the outside humidity may have spiked causing the accumulation. Generally, there’s no reason for concern.

 

However, if the moisture is in between the two panes of glass, the seal has broken and surrounding air – along with its water content – has made its way in. This disrupts the thermal barrier of the window, reducing its energy efficiency. In fact, the glass might feel noticeably colder than your other windows on chilly days. In that case, you’ll need to replace the pane.

 

Similarly, if the moisture is coming in through only one spot — the bottom right corner, for example — then you might have a leak. If you have a wood frame or sill, you may also notice a growing water stain. It’s important to get leaks fixed quickly. There may be water damage occurring within the frame that you cannot see.

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When you’re about to sell your home, it may be disheartening to see so many other properties for sale in your neighbourhood. You may be thinking, “That’s a lot of competition! Will our property get noticed?”

 

Fortunately, there are many proven strategies for standing out in a sea of For Sale signs.

 

First of all, keep in mind that many home purchasers come from the REALTOR’S personal network of buyers who want to move into your area. So, choosing the right REALTOR® is crucial.

 

Second, remember that when there are other properties for sale on your street, curb appeal becomes even more important. There are many simple things you can do to make your property look great to those driving around looking at homes. Make sure your property looks as picture perfect as possible.

 

In a competitive market, it’s also more important than ever to highlight features of your home that are unique and enticing. If, for example, you have a large backyard deck and brand new hardwood flooring, make sure these are mentioned prominently on the feature sheet.

 

Finally, be as flexible as you can be when scheduling viewings and open houses. Don’t forget that other listed properties in your neighbourhood draw in buyers, who may notice your home. It’s not uncommon for a buyer to view a property and then scout the neighbourhood. So, you want buyers to be able to see your home on short notice and at a convenient time for them. If there are several other nearby properties for sale, it means things are hot from a real estate point of view. You want to roll out the red carpet to buyers.

 

Looking for help selling your home quickly and for the best price? Call today!

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For many the average sale price is used to benchmark where the market is at. Year to date statistics reinforce why that is not a sound practice. As of the end of September, a total of 2,936 unit sales were recorded, a 7% drop from the same period in 2015. By comparison, the average sale price of $351,835 remains virtually unchanged from one year ago.
 
Furthermore, the average sale price for September 2016 was 6% higher than last September. The reason, an increase in the number of properties selling at the higher end of the price range coupled with a decline in more affordable home sales. More specifically, year to date the number of units selling between $300,000 and $500,000 declined by 12% while the number of units selling above $750,000 increased by 20%.
 
The Home Price Index (HPI) tool was created by the Canadian Real Estate Association (CREA) as a way to more accurately reflect changes in home pricing and predict pricing trends. The HPI uses a starting point of January of 2002 and establishes a "benchmark" value for a typical property type. This value is then indexed over time to reflect changes in the market. The composite benchmark value for a home in Saskatoon in January of 2002 was $115,000. Currently the composite benchmark price is $308,600. 
 
This index has changed very little since January when it was at $305,400. This would indicate little change in value over the first nine months of the year and has remained virtually unchanged since June.  
New listings for September were down 20% compared to September of 2015. 
 
"A reduction in new listings has a positive impact on the overall inventory levels in Saskatoon which have been elevated since the spring of 2015". comments Jason Yochim, CEO with the Saskatoon Region Association of REALTORS®. 
 
"Ideally we would like to see the number of active listings around 1,500 units" he adds. At the end of September, the number of active listings was 1,841, the five-year average is 1,625 units. The high water mark for active listings was 2,081 in June of 2015.
 
The number of sales for September was 324 units which is a 9% reduction from last year. Year to date the total unit sales was down 7% compared to 3,167 units a year ago. The average time to sell a home in Saskatoon is currently 51 days, the five-year average is 41 days. These homes have been selling for 97.4% of the asking price.
 
 "The key element in the sale of a property is proper pricing, buyers are more educated today than ever before," adds Yochim. 
 
This is reflected in the close relation between asking and selling price. Homes that don't sell are likely listed further from the true market value.  -Source: October 2016 SRAR Media Release
 
As REALTOR® and Nationally Accredited Buyer Representative - ABR®, Seller Representative Specialist - SRS®I can provide you with sound market advice. Call today.
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A pantry is the ideal nook for storing extra food and other items ordinarily crammed into the kitchen. It’s also a nice design feature, as it harkens back to the days of country kitchens with spacious pantries.

 

You might be thinking, “That’s nice, but our home doesn’t have a pantry.”

 

That’s okay. These days, there are many ways to create a pantry in your home – even if it doesn’t have one! Here are just a few suggestions:

 

• Add shelves to the laundry room. If you have the space, this is the ideal place to create a mini-pantry.

 

• Purchase a portable pantry. There are many available on the market. Some are even disguised as cabinets you’d expect to see in living and dining rooms.

 

• Purchase a movable pantry. These units are on wheels and can slide in and out of the kitchen with ease. Some are short enough to slide conveniently under a kitchen table.

 

• Make use of an unused closet. These are rare in most homes, but if you have a closet that isn’t being used, it can easily be converted into a pantry.

 

As you can see, there are plenty of options available. You don’t necessarily need to build an extra room!

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When considering which of two or more competing offers to accept for your home, there is no doubt price plays a huge role. After all, if Offer #1 is $10,000 higher than Offer #2, that’s an enticing difference that puts thousands of extra dollars in your pocket.

 

However, price isn’t the only thing you should think about when comparing multiple offers. There are other factors you need to consider as well.

 

For example, what conditions are in the offer? If Offer #1 is conditional upon the seller selling his current property for a specific amount, then what if that doesn’t happen? You could end up with an offer that dies and be forced to list your home all over again.

 

In that circumstance, the lower offer may be your best move. There’s also financing to consider. Most buyers will state their mortgage lender qualifications to show that they can afford the home and will likely secure financing with little difficulty. If you get an offer where the ability of the seller to get financing is in doubt, that’s a red flag. The closing date is another important factor. Offer #1 might propose a closing date that’s perfect for you, while Offer #2 is four weeks later. If you’ve already purchased another home, you might require a month of bridge financing if you accept Offer #2. There’s nothing wrong with that per se, but the costs and additional hassle are factors you should consider.

 

As you can see, assessing competing offers isn’t as easy as it looks. Fortunately, as your SRS® REALTOR®, I will guide you toward making the right decision.

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Dollar volume and unit sales for the Saskatoon real estate market saw a 13% year over year increase in August. At the end of July, the year to date dollar volume was 10% lower than 2015, the recent activity in August has helped to improve that to only a 4% decrease. 
 
Dollar volume for Saskatoon and surrounding area was up significantly month over month in August with a 38% increase, a record for August. The total dollar volume was just over $210M this past month eclipsing the next best August performance which was in 2013 at $180M.
 
Unit sales year to date in Saskatoon are 2,614, a 7% reduction from 2,811 units sold by the end of August 2015. Jason Yochim, CEO with the Saskatoon Region Association of REALTORS® is encouraged by this recent improvement in activity.
 
"To put it in perspective this is a difference of less than 200 units for the year or 24 home sales a month." The 373 sales in August is slightly higher than the five-year average and is comparable to activity in 2012 and 2013. "A levelling of new listings introduced to the market combined with an increase in sales is slowly helping to reduce historically high inventory levels." He adds.  
 
Currently there are 1,956 active listings in Saskatoon, the five-year average is 1,634 units. The total number of units listed for sale in Saskatoon year to date was 6,694, a 4% reduction or 291 units for the first eight months of the year. New construction has also seen a decline in housing starts, especially in the multi-family market. This will also help to reduce inventory levels as many of these new homes are listed with a professional REALTOR® prior to or on completion.
 
The average number of days to sell a home in Saskatoon is currently 47 days with a sale price of 97.2% of the list price. 
 
"I think sellers are beginning to recognize that pricing to market will sell their home in a reasonable time and close to their asking" comments Yochim "I think that is playing a role in more units selling in August." 
 
The average sale price is continuing to hold fairly steady at $352,000 while the median price is currently $335,000. The Composite Home Price Index (HPI) published by the Canadian Real Estate Association, measures the rate of change in home values for a period of time. It is considered to be the most accurate barometer of market conditions. The HPI works similar to the Consumer Price Index in that it starts with a typical home value and a base year and measures changes in the value over time. For August the index was at 231.9 down slightly from a year earlier. This indicates that pricing is remaining stable for the most part. -Source: September 2016 SRAR Media Release
 
As a Nationally Accredited ABR® & SRS® REALTOR®, I can provide you with sound market advice. Call today.
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I have sold a property at 218 Waterloo CRES in Saskatoon
 


I have just sold a property at 218 Waterloo CRES in Saskatoon.
Excellent family bungalow on quiet East College Park Crescent featuring loads of key quality upgrades. The open floor & abundance of natural lighting showcase the pristine white kitchen & Maple Hardwood flooring. Basement offers plenty of additional living space & storage to accommodating the larger family, requiring only final finishings, which are included. The landscaped lot is generously complemented by the large patio, is rimmed with garden beds of Ferns, Hostas & Tiger lilies and has gated back alley access from poured 16x26 concrete pad for future garage. Close to Park, Sidney L. Buckwood elementary school, bus, shopping & amenities. Upgrades list includes: All Flooring, Paint, Bathroom surround, Lights, Fixtures, Faucets, Complete Kitchen & Appliances, Shingles, Fascia, Sofia, Vents, Water Heater, Windows, Doors (in/out), Air conditioner, Concrete basement floor, Weeping tile, Sump pump, Attic insulation & shed.
East College Park, Saskatoon Area 01
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You can’t call yourself a dentist unless you have specific hard-earned credentials. Just about anyone, however, can hang a shingle and call himself a home improvement contractor. That’s why choosing a reputable one is so difficult. Here are some tips:

 

• Find out if he or she is truly in business full-time. A part-time or occasional contractor may not have the experience necessary to do a great job.

 

• Ask about licenses and other credentials. Some contractors have accreditations from professional and trade associations.

 

• Review his or her project portfolio. A reputable contractor will have photos and other evidence of work completed for similar clients.

 

• Check online for reviews. If there are more than five poor reviews within the past three years — that’s a red flag.

 

• Ask for references. Then, call at least one.

 

Finally, the best contractors are those that get recommended by people you trust.

 


Looking for a contractor recommendation? Call today.

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The number of properties introduced to the market for sale continued its decline in July. Although the number of new listings has been down every month since February, July's decline of 14% year over year was the most significant decrease. Overall the number of new listings for 2016 totaled 5,683 units compared to 6,142 for the same period last year, a decrease of 5%.
 
"This is a positive sign for the market and has an impact in two significant areas" comments Jason Yochim, CEO with the Saskatoon Region Association of REALTORS®, "Firstly it helps to reduce elevated inventory levels and secondly it helps to move the market closer to a balance."
 
Currently there are 1,986 active listings in Saskatoon, still considerably higher than the five-year average of 1,641 units. The high water mark for active listings occurred in June of 2015 with nearly 2,100 active listings for sale in the Saskatoon market. The sales to listing ratio is determined by dividing the number of sales for the month by the number of new listings. 
 
It is said to be a balanced market when this ratio is 50%. Anything less than that is considered a buyers' market while a ratio in excess of 50% is considered to be a sellers' market. The sales to listing ratio was 47% at the end of July, its highest point since December of 2015.
 
Sales volume for July of this year was 16% lower than the same month in 2015 with 370 home sales compared to 442 last July. A reduction in sales volume year over year has been the trend since January of 2015. June and July of this year showed the most significant decline in sales volume so far in 2016. In spite of a reduction in sales and dollar volume, the average and median selling prices continues to remain largely unaffected with a 1% decline over the previous year. 
 
"All in all the reduction in inventory, although slow is a move in the right direction." Adds Yochim, "It is still a great time for buyers to be in the market with decent selection, stable pricing and low interest rates, however, as inventory levels continue to decline so will selection for buyers." 
 
Homes are still selling for 97% of their asking price. Sellers that need to sell are considerate of the market when pricing their homes strategically. Buyers are also more educated today than at any other time with access to information on sales and the expert advice of a REALTOR®. 
 
The average days on market for a home in Saskatoon is 52 compared to 50 last July. The five-year average for days on market is 41 days. If inventory levels continue to decline, so should the number of days needed to sell. At the current level of sales activity, it would take just over five months to liquidate the current number of active listings, the five-year average is just over 4 months.  -Source: August 2016 SRAR Media Release
 
As a Nationally Accredited ABR® & SRS® REALTOR®, I can provide you with sound market advice. Call today.
 
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Figuring out how much time you should spend viewing properties for sale is a little like asking, “How long should I spend trying on shoes?”

 

The answer seems obvious: As long as it takes to make a decision!

 

Buying a home is significantly more complex than purchasing shoes – and the stakes are higher too! You need to make sure you have all the information necessary to confidently make the best decision.

 

There are basically three stages to viewing a property:

 

1. Macro

 

2. Micro

 

3. Professional

 

When you view a home on a macro basis, you’re looking at it from an overall perspective. For example, you may do a general walk-through to get a first impression and determine if the property has the basic features you need, such as the number of bedrooms and the size of the backyard.

 

Macro viewing is often the fastest stage in the viewing process and can sometimes take just a few minutes.

 

If you like what you see, then it’s onto the micro stage. At this stage you take a closer look at the details of the property. You might, for example, spend extra time in the master bedroom imagining how your furniture would look and fit.

 

The micro stage takes longer simply because the home is now on your shortlist. You’re interested and are considering making an offer.

 

Finally, the professional stage involves getting a qualified home inspector to go over the property with a fine tooth comb. That typically occurs after you’ve made an offer.

 

As your REALTOR®, I will guide you through a viewing so you’ll know what to look for and can make a smart, informed decision. Call today.

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You’ve seen fire extinguishers in commercial environments, such as schools, stores and workplaces.  Does it make sense to have one in your home?

 

According to the experts, yes.  In fact, a fire extinguisher can quickly put out a blaze that would otherwise quickly grow out of control.

 

There are several types of fire extinguishers that are made especially for residential use.  That means they put out the most common fires that occur in the home (Class A, B & K fires), and they are easy to handle and use.

 

Since most residential fires happen in the kitchen, that’s the best place to keep your extinguisher.  Make sure everyone in your household knows where it is and how to use it.

 

Keep in mind that a home fire extinguisher is meant for small fires that are easy to put out, such as a pan of vegetable oil igniting on the stove.  If you find you can’t control the blaze within a few seconds with the extinguisher, get everyone out of the home and call the fire department.

 

Also, never  attempt to fight a major fire yourself.  Leave that to the professionals.

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Inventory levels remain elevated at just over 2,000 units, largely due to a decline in the level of sales year to date. In the first half of 2016, the number of homes that have sold within Saskatoon totaled 1,873 units representing an 8.2% decline from the same period last year. At the current rate of sales it would take just over five months to liquidate the current active listings, the five year average is 3.76 months.
 
It also appears that a few sellers are willing to wait until supply drops before placing their property on the market as the number of new listings year to date is down 3% compared to 2015 with a total of 5,074 properties listed to the end of June. The average number of days for a home to sell is up slightly from 42 to 46 days. 
 
The current sales to listing ratio of 42% is down slightly reflecting a firm buyers' market. Pricing seems to be only slightly affected in a negative way with the average price of $354,000, down by 1.7% from a year ago. The median price is also down from $350,000 to $335,500. 
 
"It is actually an ideal time for anyone considering a purchase" according to JasonYochim, CEO with the Saskatoon Region association of REALTORS®. "In addition to having a broad selection in most price ranges, interest rates remain low and prices are stable." he adds.
 
So far in 2016, the homes that have sold have sold for 97.3% of the asking price. This underscores the importance of proper pricing for a home to sell in a reasonable time and close to asking. With few exceptions, this market is not conducive to speculative selling. 
 
"If a seller is serious about selling, it is important to get sound advice on the current market conditions for the area, the competition and how that impacts pricing of their property". Cautions Yochim "Buyers have access to market information, are well informed and in most cases have the assistance of a professional REALTOR®."  
 
Market activity for rural residential and communities surrounding Saskatoon, the total number of sales year to date was 514 for the first half of 2016 which is a decrease of 14.8% for the same period last year. The average selling price on average in 2016 is $304,334 down 2.9% from last year. The number of active listings is down 3.2% from last year with 1,161 properties available at the end of June. 
 
For the major cities of Martensville and Warman, the combined total of active listings at the end of June was 343, down from 379 in June of 2015. Meanwhile the number of sales in June was 55, a 10% increase from June of 2015. -Source: July 2016 SRAR Media Release
 
Need sound pricing and timing advice?  Call today.
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