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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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Setting the right list price for a home is a mystery for many sellers.  How do you begin to determine what buyers are likely to pay for your property? After all, no two homes are exactly alike.

 

Yet, setting the right price is crucial. You need to avoid the two price “tipping points” that, if crossed, can cause you a lot of problems.

 

The first tipping point is a price that’s low enough for buyers to begin thinking something is wrong. They wonder, “Why is your price so low? What are you not telling us about your property?”

 

But that’s not even the worst problem with this tipping point. If you do get offers at that low price, you’ll have a bigger issue – leaving thousands of dollars on the table.

 

The other tipping point is setting your price so high it discourages buyers from giving your listing a second look. When your price is that high, you’ll get few enquiries and even fewer people coming to see your property.

 

Of course, you can lower your price later, if necessary. But experience shows that reduced prices make potential buyers skeptical. Most sellers who price high in the hopes of getting a windfall actually end up selling for much less than they would have if they had priced their properties correctly in the first place.

 

So what’s the right price to list your property? The answer is somewhere inbetween those two tipping points.

 

Call today for help determining the right price for your property.

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Next to a major kitchen renovation, replacing appliances is the most expensive way to upgrade the space. So if you’re purchasing a new refrigerator, stove or dishwasher in order to make your home more attractive to buyers, you want to make wise purchasing decisions.

 

The most important consideration is how the appliances will look in the kitchen. Ideally, they should match in colour and style. They should also be the right size for the space. The last thing you want is a fridge that’s so large it dominates the room, or a stove that’s a completely different style and looks out-of-place.

 

Appearance is important, but so are the features. Buyers viewing your home will scrutinize the appliances. They’ll notice if the fridge has a cold water and ice dispenser. They’ll ask if the dishwasher has noise-reduction features. Double ovens and quick-heating burners (which are now available on electric stoves) will also get a buyer’s attention.

 

Power consumption is also a big issue these days. Increasingly, buyers are interested in the energy efficient features of a home — appliances included. So, as your REALTOR® I would point out appliances with energy-saving features, such as a dishwasher with a slow-run cycle that saves power.

 

Kitchen appliances may seem minor compared to the overall appeal of your property, but they do make a difference. Purchase wisely!

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When is the best time to meet with a REALTOR® like me?  Chances are, you would say,  “When I’m thinking of buying or selling a home.”  You’d be right, of course!

 

However, there are many other good reasons to meet with me.  Here are just a few:

 

• You want a professional opinion as to the current value of your property, so you know what it would likely sell for in today’s market.

 

• You notice a home listed for sale in a desirable neighbourhood, and you’re interested in learning more — even if you’re unsure you want to make a move.

 

• You’re thinking of moving within the next couple of years, and you want to find a REALTOR® like me, that you can get to know and trust.

 

• You want some recommendations for preparing your home for sale and especially determining what repairs and other work needs to be done.

 

• You want an honest assessment as to the state of the local market, and the best time for you to buy or sell.

 

• You have real estate-related questions and you want to talk to an expert who knows the local market well and can provide you with answers.

 

As you can see, there’s a lot of value you can get from talking to me as your REALTOR®.  Call today.

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As was expected with high inventory levels and a 6% year to date decrease in home sales, the average and median price are seeing a slight decline. Year to date the average residential selling price in the city of Saskatoon is down 2% to $346,371. The median price indicates a slightly greater reduction of 5.7% to $335,000. 
 
"A slight decline in pricing was anticipated with just over 2,000 residential units for sale in Saskatoon." comments Jason Yochim, CEO with the Saskatoon Region association of REALTORS®. "The decrease in home sales is also a factor and could be caused by lower demand or asking prices that do not reflect the market, turning away potential buyers". he adds. 
 
The five-year average for active listings is 1,633 units. Based on the sales activity in May, it would take just over 5 months to liquidate the current inventory. Properties that have been selling are selling within 97.2% of their asking price and in an average time of 45 days. The five-year average for the number of days to sell is 37.
 
The sales-to-listing ratio is determined by dividing the number of sales for the month by the number of new listings. At the end of May, the sales-to-listing ratio was 41% which is considered to be a buyers' market. The five-year average for sales-to-listing ratio is 48%, which represents a market that would be considered "balanced".
 
Market activity in the area and communities surrounding Saskatoon appears to be slightly more challenged. The total number of sales year to date was 388 at the end of May a decrease of 20% for the same period last year. The average selling price of $309,099 is down 3% from 2015, comparable to that of Saskatoon. 
 
Year to date, Martensville saw a total number of sales at 67 representing a 7% decrease for the same time last year. Warman on the other hand experienced a 52% decrease in sales for the first five months of 2016 when compared to the 169 sales last year. 
 
The total number of properties available for sale in Warman at the end of May was 209 which would take a year to liquidate at the current rate of sales. Comparatively, Martensville had 159 listings available representing just over seven months of inventory. The average time required to sell a home for these two cities is 45 days.
 
"It is important to keep in mind that houses are selling in all price ranges, the key to realizing a sale in a short period of time at 97% of asking price is to get sound advice on where a particular home fits in the market based on its condition and location compared to its competition." advises Yochim.  -Source: June 2016 SRAR Media Release
 
I can provide you with that sound advice.  Call today.
 
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Comedian George Carlin’s most memorable routine was, “A place for my stuff.” In it, he talked about dealing with the increasing quantity of items we accumulate throughout life.

 

George was funny. The problem is not. Here are some low-cost ideas for quickly creating storage space for your stuff.

 

• Attach a cloth pouch or thin plastic basket to the inside of cupboard doors. This is a great way to store Tupperware lids, cosmetics, etc.

 

• Install hooks inside the foyer closet for loose items such as hats and scarfs.

 

• Use egg cartons to make effective storage inserts in drawers.

 

• Fashion stores often put purchases in stiff, high-quality boxes. Placed on their sides, these make effective storage compartments. (Especially shoeboxes.)

 

• Consider using suitcases for out-of-season clothing. In addition to storage, they also provide protection.

 

• Never throw out an old wine rack. There are numerous ways these can be used for storage. (Example: for tools.)

 

By thinking creatively, you can probably come up with many other simple ideas for creating more storage. The reward is a home that looks neater and more spacious.

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I have sold a property at 2809 Melrose AVE in Saskatoon
 


I have just sold a property at 2809 Melrose AVE in Saskatoon.
Cute, Colorful, Comfortable & Cost Affordable! This upgraded and cared for starter home is located on a mature lot in the ever popular Avalon. It features a retro style kitchen, loads of natural lighting and a splash of vintage meets modern charm. Fenced & landscaped low maintenance backyard, raised deck and fire pit area with plenty of room for a future garage in the designated back parking area. Book your private viewing today on this little gem with a lot to offer.
Avalon, Saskatoon Area 02
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Imagine if you dreamed of owning a special limited edition vehicle. What would you do to ensure that your dream vehicle would someday be parked in your driveway — with your name on the ownership papers?

 

You would probably start by doing some research. You’d find out how much that vehicle would cost, what features are available, and so forth. You would likely visit a local dealership and take a test drive if a model is available on site. You would keep an eye on the market for any that come up and let the dealer know you’re looking for just that car.

 

If you did, then, some day, you’d probably be the proud owner of the limited edition car of your dreams.

 

What does this have to do with real estate?

 

Well, you can take the same approach when there’s a neighbourhood you’d love to live in someday. You can target it, learn what homes typically cost in that area, and keep your eye on that market in case a property becomes available that meets your criteria.

 

By focusing on a specific neighbourhood, you increase your chances of someday living there, simply because you’re focusing on it.

 

Of course, neighbourhood targeting isn’t as simple as aiming to own a specific car someday. That’s why you need a great REALTOR® who can keep an eye on that neighbourhood on your behalf and alert you to opportunities that become available.

 

Then, when there is a listing that’s a good fit, you can decide whether or not to make a move.

 

Is there a dream neighbourhood you’d like to live in some day? Call today to start making it happen.

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In 2007, pricing your home to market was not a factor as prices were escalating on almost a daily basis. The demand was so strong that within reason one could name their price and get it almost without delay. Current high inventory levels offer buyers more selection and reduce urgency to act. The result is the average home in Saskatoon takes 46 days to sell, an increase of 15% over the five-year average. 

 

The sales to listing ratio currently sits at 34.4% which means that four homes sell for every 10 that come on the market. The homes that are selling are seeing sale prices in the neighborhood of 97.2% of the asking price. "Homes that sell do so because they are priced to the current market" comments Jason Yochim, CEO of the Saskatoon Region Association of REALTORS. With online access, buyers are educated and are not likely to pay more than current market conditions dictate. "Without expert advice it is very difficult to know where the price of a particular home fits into the market." He adds.

 

The average year to date sale price has decreased from $351,384 to $344,249, a 2% decline. More importantly, the median price has declined by 3.3% to $330,800 from $342,000. The CREA Composite Home Price Index continued its downward trend with a year over year decline of 2.4%. This is the most accurate indicator of where the market is trending. It had been declining slightly since July of 2015 until February of this year when the trend started to reverse upward. This is due mainly to increased sales in the spring market combined with a slowing of new homes coming into the market. Currently there are 1,965 residential listings for sale in Saskatoon, this is an increase of 1.6% over the same time last year. "Homes sell in any market, there is a right price for every home, in every area in every condition. In my opinion, if more of our current inventory was priced to closer to market it would sell within the average days on market and ease the inventory levels."

 

The total number of sales at the end of April for Saskatoon was 1,091, a 6% decline compared to the same period last year and 12% below the five-year average. The total dollar volume however was down 7.8% to $375.5 Million for the first four months of the year.

 

Properties in the market surrounding Saskatoon, which includes rural residential property, the cities of Warman and Martensville and smaller bedroom communities, have experienced a 13.4% decrease in unit sales year to date with 290 sales. The total number of active listings was up 8.4% to 1,152 properties. The average selling price in the surrounding market declined by 1.6% over the same period last year to $312,251.  -Source: May 2016 SRAR Media Release
 
Looking for a good REALTOR®?  Call today.
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No one wants to deal with a burglary. How do you reduce the chances of one happening?

 

Fortunately, burglaries are a well-studied phenomenon — especially by law enforcement. These studies have identified specific things you can do to cut the risk dramatically. Here are some ideas:

 

• 34% of home break-ins occur through the front door. Experts recommend investing in a door with a top-quality locking mechanism. (The best are those that lock at three points of contact.)

 

• 50% of burglars will be deterred if your home has some sort of video monitoring system. A thief doesn’t want his face on YouTube!

 

• Unfortunately, signs and window stickers warning of an alarm system do not deter thieves. However, 62% of burglars will immediately run away when an alarm goes off. Always turn on your alarm system when you’re not home!

 

• 22% of burglaries occur through a sliding glass door or patio door. Make sure it’s locked and also use a solid metal jammer.

 

• Some thieves use frequency scanners to gain access to garages. Police recommend changing your remote entry code regularly and putting blinds or curtains on garage windows so thieves can’t see (and be tempted by) any valuables inside.

 

As you can see, there are many simple things you can do to reduce your chances of a burglary dramatically. The effort is worth it.

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Determining if you should buy a new home or fix up your current one isn’t easy.  In fact, the decision can be steeped in so much drama they make reality TV shows about it!

 

So if you’re considering whether to move or improve, here are three things to consider.

 

1. Will a renovation truly fix what you don’t like about your property?  If you’re tired of a small kitchen, for example, it might not be possible, given the layout, to make it any bigger.  On the other hand, if you’re craving a spacious rec room with a cosy fireplace then a renovation could make that happen.

 

Of course, there are some things you may want that aren’t specific to your house, such as an easier commute or nearby park.  Those are features you may only be able to get by moving.

 

2. How much will a renovation cost?  How does that compare to the cost of moving to a new home?  It’s important to get accurate estimates of each so you can make a smart decision.  This is where a good REALTOR® can help.

 

Keep in mind that renovations have a habit of costing more than you originally anticipate. As mentioned earlier, the final result should be a home you want to stay in for quite some time.

 

3. Beware of compromising versus settling.  Whichever decision you make — renovate or sell — you can expect to have to make at least some compromises.  That’s normal.

 

For example, consider adding an extension to your house. That’s a major renovation.  Is it the ideal way to get the extra room you want?  Do the benefits of renovating outweigh the benefits of finding a new larger home designed to include the space you need?

 

Yes, it’s a tough decision.  If you’re in the midst of making it, call today, to get the facts you need to make the best choice for you.

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