Thursday 27 December 2012


Six Top Tips for Paying Down Debt
This is it — that time of year where we make resolutions and fresh starts.  With the average family carrying more than $8,000 in credit card debt, and an economy still making adjustments, for many, it just makes good sense to put debt resolution a little higher on the annual “to-do” list.  To help you do that, let’s take a look at six top tips for getting out of debt.
  • Make a list and check it twice.  List every credit card you have, the balance owed and the interest rate you’re paying.  That will give you the best snapshot of where you are, and allow you to create a plan for where you want to be in the timeframe that makes the most sense for your family.
  • Pick a card - but not just any card.  Choose the card with the highest interest rate, and adjust your monthly payments so that you’re paying as much as possible on that card until it is paid off, then re-adjust your payments for the next highest interest rate, and so on.  Also consider moving balances on cards with high interest rates to cards with lower interest rates.
  • Weekly vs. Monthly.  If you carry a balance on your credit card, and you’re only able to afford paying the minimum monthly amount, pay weekly installments instead of one monthly payment. For example, if you owe $100 per month, pay $25 per week. Very often, credit card companies accrue interest daily on your balance, so paying only once a month can be detrimental. Switch to weekly and you could find yourself saving anywhere from $10-$100 per month.
  • Use your savings to pay down debt.  Consider that it just doesn’t make sense to earn 1-3% interest on your savings account while paying 12, 15, or 18% interest on credit cards.
  • Cut it up.  Choose the card with the most favorable rates and terms, and put it in a safe place (other than your wallet.)  Use this card for emergencies and cut the rest up.  It may seem extreme, but it is effective.  You can’t go deeper in debt if you’re not actively charging on your cards!
  • Get creative.  Consider ways you can reduce your monthly expenses by $10, $20, or even $50 or more a month and put that towards a specific debt. You can reduce your repayment schedule by months or even years.  Some ideas for saving include:  Cancelling magazine subscriptions - many could save you more than $10 per month.   Instead of going out as a family, consider game nights and family picnics as less expensive alternatives. This can save anywhere from $20-$60 per month or more depending on the size of your family.  Check the internet for restaurant and grocery coupons, especially the two-for-one varieties, which can save you another $10-$50 a month or more!
Make this year your year for building wealth and eliminating debt.  Little steps here and there may just help you and your family save in some very big ways! 

Friday 7 December 2012

SHOULD I SELL OVER THE HOLIDAYS?

That’s a question we’re actually asked a lot this time of year and while every situation is unique, there are a few rules of thumb to live by, such as:

1. It can’t sell if it’s OFF the market.  While “traffic” is historically slower over the winter and holiday months, those buyers you do see are often more serious, and with a greater sense of urgency than the spring and summer months where you historically see a lot more “lookers.” Remember — it only takes ONE buyer to accomplish your goal.

2. Analyze your price.  If your house has been on the market for a while, you’re not seeing any action and spring is still months away, the first thing you need to do is truly evaluate your price.  A home priced at or below market value is a great way to pro-actively raise interest in your property.  I have some great tools you can use to best understand how to calculate price.

3. Consistency is key.  Historically, it does take time to find the right buyer or for them to find you.  Taking your home off the market breaks the consistency of a true marketing plan and lowers your exposure in the marketplace.  If pricing is right, marketing is in place and exposure is good — chances are your home will sell.
 
Call me today to learn all the inside tips and tricks for getting your home sold ANY time of year.  I can help!

Peace on Earth

Peace on Earth and goodwill to all should be our wish all year long. When the days are busy and schedules hurried, it is easy to lose touch with all that is important and all those who bless our lives and brighten our days. While individually we may not be able to exact peace globally, we can do our part for our little corner of the world.
This holiday season, we can take the time to break bread with our family and friends. We can reach out to those we’ve been missing, and we can serve our communities by lending a helping hand to those in need. Gifts of service, or random acts of kindness and charity, are no small thing to the lives they touch.
Consider offering your time or resources to the local food bank, children’s homes, shelters, nursing homes or children’s hospitals. You may even want to adopt a family in need and bring joy to children who would otherwise do without. The guidance department at your local school is often a good resource for this information.
However your family chooses to spread the joy and spirit of the season, know that you are treasured.  Your gift of friendship and the ability to help you with your real estate needs is a tremendous blessing to me. I thank you so much and wish you and yours a very safe and happy holiday!

Friday 30 November 2012

REAL ESTATE & YOU – SHOULD YOU SELL IN A SHIFTING MARKET

Our market has changed considerably over the past few years and will continue to do so.
This of course means that both consumers and real estate agents will have to change with it in order to keep up and make the most of the situation.
As agents, we've had to change the way we do business. We've had to add a wide spectrum of new technology tools and best practices to capitalize on the buyer leads we can capture to get your home sold.
As sellers, you have to be motivated, price your property at or below market value, and do every- thing within your power to make your home show as well as possible. We liken today's market to a beauty pageant in that your home has to look its best because there is a lot of competition out there.
As agents, we also have to keep extremely close close tabs on market trends. By carefully calculating facts and figures, we can ensure that our clients and customers have the up-to-the- minute information they need to make the best decisions for their families.
As sellers, you have to be flexible, patient, and willing to let us do the job we're trained to do. Very often sellers try to pick and choose the portions of the marketing plan they're comfortable with. Of course, that's always their option. However, to get a home sold for
the most money in the shortest time and with the fewest head- aches, it's wise to use every success strategy in the real estate tool chest.

Thursday 15 November 2012

Transaction Checklist Before You Buy

Get a Transaction Checklist Before You Buy
It’s important to know all the requirements when meeting with your lender.  Use this checklist as a tool to help facilitate this process.  It outlines the recommenced steps, but be sure to check with your own lender to see whether any additional steps may be required.
Sandra Duncan, BA, MBA, REALTOR®, CCS’s

Basic Transaction  Checklist

Step 1: Work with your lender to provide financing for your home purchase. You can:
 Get pre-qualified
 Get pre-approved
Step 2: Select a home
Step 3: Get a sales contract on a  home
Step 4: Select the type of mortgage you want
Step 5: Select a lender
Step 6: Apply for a mortgage
 Complete a loan application
 Participate in a loan interview either over the telephone, online or in-person
 Receive a good faith estimate
 Receive Truth in Lending Disclosure
 Loan submitted for final review
Step 7: Closing
 Closing agent reviews whether the conditions of loan are met
 Make final inspection (walk-through) of the home
 Sign and record necessary documents

Tuesday 6 November 2012

Why understanding "Agency" is the first step toward success...
Your real estate transaction is one of the most important financial decisions that you will ever undertake. As a real estate professional, I understand this and want you to be fully aware of your representation options.
"Agency" in real estate refers to the nature of the fiduciary responsibility that exists between you and the real estate professional you choose to work with. Having a complete understanding of the nature of this relationship is the first step to working together to achieve your real estate goals.
Only after signing a legally binding document does a real estate professional become your agent. As your agent, that REALTOR® now has a legal obligation to insure the protection of your best interests in every facet of the transaction.

It's about loyalty and responsibility...
Traditionally, real estate professionals worked mostly as agents of the seller, not the buyer. Their loyalties and responsibilities rested with those of the seller.
REALTORS® working with buyers were, in fact, acting as "sub-agents" of the seller, keeping the seller's loyalties ahead of those of the buyer. Often, the buyer had no idea of the true nature of this relationship.

Today's Buyers have an option...
Buyers may now retain a real estate professional to represent their financial and legal interests when it comes to the purchase of a home. It's called a "Buyers Agent".
To learn more about the benefits of a Buyers Agent, please contact me directly for a free consultation.

FALL TIPS

For most, the home is their family’s biggest investment. Here are some fall tips for keeping yours in tip top shape!
Hire a chimney sweep. Fireplaces are a lovely addition to a home, but can be dangerous if not cared for. Be safe and hire a chimney sweep every year to inspect and clean yours!
Clear the clutter from the gutters! Clogged gutters can cause roof and water damage and a safe haven for unwanted critters! Be sure to clear them at least once a season.
Heating system check. Be sure your filters are changed regularly and to help ensure your system is in top shape for the colder climates—hire a professional to give it a check up and a thumb’s up!
Seal the cracks! Now’s the perfect time to make sure your home will keep the warm air in, the cold air out and your heating bill down! A little time and a fresh few tubes of caulk around your doors and windows should do the trick!
If you’re not “handy” or are just too busy these days and need an extra hand, call me. I’ve got a list of trusted professionals I can refer that can help you with all of these seasonal chores and more!

Thursday 1 November 2012

New Homeowner Must Knows!

If you’ve recently purchased a new home or are thinking about it, here are some great must-know tips for keeping your head (and your bank account) above water!

1. Not everything is a NOW issue.  Everyone moving into their new home wants that instant gratification of making it their own with new furniture, amenities and décor.  Take your time.  You’ve just made one of the biggest investments in your life, which is a great financial decision.  Spending every dime on non-essential items is not.  So, pick and choose wisely what NEEDS to be done as opposed to what you WANT to be done and schedule the want-to items out over time to allow for a financial cushion to rebuild
.
2. Fix it - don’t forget it!  Before ensuring that everything looks perfect in your new home, make sure everything is working the way it should.  Little maintenance repair needs, when overlooked, can turn into worst-case-scenarios relatively quickly.  Not sure who to call?  Call me, I’m happy to share the names of trusted contractors, handymen, painters, plumbers and more!

3. Insure it!  Life can throw us curveballs sometimes.  Protect your family and your investment with sufficient homeowner’s insurance. 

I wish you the very best of luck in your new home, and for those of you still looking — call me!  I can help you find JUST what you’re looking for!

Savvy Selling in a Shifting Market

Although the market has shifted, buyers are still
out there! Here are some tips to set yourself apart from the competition and help you sell your home in these changing times:
• Set your price competitively, and be flexible.
• Consider incentives. Make provisions or offer allowances for outdated appliances and/or carpet. Doing so sets the stage for buyers to see the potential for making the home theirs.
• Eliminate pet odors and pet hair wherever possible.
• Create a neutral landscape. De-clutter your home,and pack away much of the collectables. Present clean walls or, if you are repainting, choose neutral tones.
• Open blinds and curtains to add light and make your home more pleasant and inviting. 
• Provide a professional home inspection.
• Stay in touch with your real estate professional so you know what to expect from today’s market. Patience is a virtue!
These are just a few general strategies for selling
your home in a changing market. For a complete understanding of current market trends, average time on market and comparable home prices, call me.
I’m happy to help!

Thursday 18 October 2012

PRICING YOUR HOME



PRESENTED BY Sandra Duncan, BA, MBA, REALTOR®, CCS
When you price your home at the TOP of the market, you eliminate many prospective buyers because they become unwilling to look at your property.


When you price your home HALFWAY between the market price and the Investor price, you will attract the highest percent- age of serious retail buyers. This is usually the most favorable pricing range.


When you price your home BELOW
the halfway mark you will attract Investor buyers as well as retail buyers, which will result in a very quick sale.



Not choosing the right price when a property is first listed. In other words, thinking, "We can always come down."
Putting the property on the market at an unrealistic price. A property must be priced on a comparative basis to other similar properties on the market.
Not relating marketing time to price. Generally, the quicker you want to sell, the less you should be willing to take.
Calculating brokerage fees on top of the sale price. A home is worth what it's worth, with or without a commission.
Thinking that buyers aren't comparing your home, on a dollar-to-dollar basis, with every other home on the market.

Tuesday 16 October 2012

HOW TO SELL YOUR HOME

How to sell your home without using an agent
It may surprise you to learn that even as a real estate professional, I believe there are some instances when a person can sell their home without utilizing the services of a real estate agent!  I have prepared this free report to help people, who like yourself, are considering selling their home and possibly doing so without using the services of a real estate agent.  In it, you'll find detailed information that will help you sell your home.  Naturally, should you decide at some point to take advantage of the expertise of a professional real estate agent, I would appreciate the opportunity to talk with you.  Thank you.

Factors you need to consider when selling your home
Most homeowners who are considering selling their home are interested in three basic things:
                             Obtaining the most amount of money
                             The shortest possible time
                             The least amount of trouble and inconvenience
Unfortunately, there is much more involved.  For example:  timing, terms, condition, accessibility, advertising, marketing, and merchandising all play a roll in whether or not your home will sell at all, and for how much.  Let's start with the basics.

Arriving at a realistic price to ask for your home
When determining the price to ask for your home, you'll need to know how other comparable homes in your area are priced, what comparable homes have actually sold for, and what homes were on the market, but did not sell.
You may want to order an appraisal to help you obtain this information.  Generally they run between $300.00 and $500.00 and will give you a good idea of what comparable homes are selling for in your area.  Should you decide to list your home for sale with an agent, the agent you choose will provide you with a "Competitive Marketing Analysis" gathered from information he or she can obtain through the Multiple Listing Service and his or her own experience.  Either way, you can get a reliable price structure for your home by compiling this information.

What you need to know about the condition of your home
Essentially, when you put your home on the market, it becomes a "product," and like any other product, the better the condition, the more money you'll receive from a buyer. There is an old saying in real estate that paint is worth $15.00 in the can, or $1,500.00 on the wall.  You should take an objective walk through your house, placing yourself in the shoes of a prospective buyer, and determine for yourself what you think needs to be upgraded, cleaned up, remodeled, refurbished, etc.  I can provide you with a checklist of items you'll need to review.  If you'd like one, please feel free to call.

Terms are also important
Flexible financing is also an important factor in selling your home.  Basically, the more avenues of financing you can provide, the quicker the house will sell.  When showing your home to prospective buyers, you will need to qualify them to determine what kind of financing they can obtain, how much down payment they can afford, how much monthly payment they can afford, and so on.  While this is often uncomfortable, it is a necessary step in the sales process and must be addressed.  Failing to properly qualify your buyers could lead to your home being tied up for several months, only to have the sale fall through later.

How and where to advertise your home
You must understand that people selling their homes as a "For Sale By Owner" and real estate companies, both compete for buyers from the same pool. It goes without saying that real estate companies have the bigger advertising budget.
Since you will be competing with real estate companies for the attention of potential buyers, you'll need to plan on spending enough money on advertising.  Should you decide to list with an agent, the advertising costs are funded by the listing agent and/or the real estate company.
Local newspaper classifieds are a good place to advertise your home.  Once your ad appears in the paper, you will need to stay close to the telephone.  It has been proven that many prospective buyers will not leave their name and number on a recording machine or voice mail.
You'll want your ad to be as descriptive as possible, as it will be competing with many other ads.  Also be aware that many buyers who call a "For Sale By Owner" advertisement do so believing that because the house is not listed with an agent, the price will be lower.  Like you, they are interested in saving the commission, so be prepared to negotiate.

How to Merchandise Your Home
To a person selling their own home "For Sale By Owner," merchandising often means simply showing the home.  To an agent, it means much more, including creating feature flyers, making other agents in the area aware that your home is on the market, holding open houses, and generally doing a host of different marketing activities to help promote the sale of your home.
You might consider doing some of these things yourself. For example, create and design a feature flyer so buyers looking at your home will have something to take with them after they look.  You could hold your own open house.  I can give you some tips on how to hold a successful open house, as well as other ideas for successfully merchandising your home.  If you'd like that information, feel free to give me a call.

Why Most "For Sale By Owners" Eventually List with an Agent
Selling your home without using a real estate agent is, at least initially, an appealing proposition.  Nobody wants to pay a real estate commission.  And yet, it would only make sense to ask yourself, "Why do so many people use a real estate agent to sell their home?"  The answer is really very simple.  Selling your home "For Sale By Owner" is typically an extremely costly and laborious task.  It is time consuming, frustrating, and often ineffective.
Many studies have been conducted by both independent consumer groups and real estate industry trade organizations over the years that convincingly indicate that selling a home "For Sale By Owner," in the vast majority of instances, takes longer and costs more.
The choice is certainly yours, and I hope I've been able to provide you with some ideas that will help.  If you feel you would be open to discussing your alternatives in person, please feel free to contact me at your convenience.


Sandra Duncan, BA, MBA, REALTOR®, CCS
CIR REALTY
168, 8060 Silver Springs Blvd. NW
Calgary, AB T3B 5K1
403-512-1939
©1995-2012 ProspectsPLUS!®

WHAT IS A REVERSE MORTGAGE AND HOW DOES IT WORK


A reverse mortgage is a loan designed to help you tap into the equity in your home.
It's called a reverse mortgage because, unlike a mortgage where you make payments, it pays you. In fact, one of the greatest benefits of a reverse mortgage is that you don’t have to make loan payments for as long as you live in your home.
There are, however, some very specific requirements to qualify. You must:
be age 62 or older live in your home as a principal residence and not be delinquent on any federal debt have enough equity to be eligible for the program meet certain HUD property standards

This is just a glance at what has become a quickly growing market trend. To better understand the intricacies of this or any mortgage or real estate issue, please call me for a confidential appointment. As your real estate professional, I am here to help in any way I can.


Saturday 6 October 2012

TOP TIPS FOR HIRING A HOME CONTRACTOR


Taking the measure of a man, woman or crew that you choose to repair, remodel or renovate your home is not always an easy calculation. As with any profession, contractors come in all shapes, sizes and integrity levels. Keeping your business relationship on the straight and narrow requires commitment, confidence and homework on both sides. Follow these quick tips for a successful project before hiring your next handyman or contractor:

1. Clearly understand and spell out what you want from the project.
 Your contractor will use this information to define your price points,
 identify what subcontractors might be needed and develop a timeline for
 completion. Get commitment up front regarding accessibility,
 dependability and quality.
 Word to the wise: If you change your mind halfway through the project,
 your price and timeframe WILL change accordingly.

2. Get everything in writing. A professional contractor leaves nothing to chance and will take the time to include the full spectrum of what is and is NOT covered in a contractual agreement. This protects you as well as the contractor and eliminates the “he said, she said” issues that can occur with verbal agreements. Be sure to work with contractors who are willing to pull the appropriate permits; building without official permits can cause real trouble when it comes time to sell your home.

3. Make sure your contract includes dates. Specifically define your timelines for the work being done, allowing reasonable leeway for changes and/or acts of nature.

4. Don’t pay too much up front. Most contractors will request a reasonable deposit when the contract is signed.
 If the bulk of the expense is labor, the percentage might be lower than for a job that requires costly materials and equipment. Address progress payment dates up front so that additional payments are made as certain milestones
 are reached. This can be a great motivator to keep the project humming along!

5. Understand the difference between licensed and unlicensed contractors. Hiring licensed contractors can give you additional leverage because they are regulated by the state and run the risk of losing their license if they are less than ethical or leave you with substandard work. That license, however, does not denote expertise in every case.
 There are occasions when unlicensed contractors could very well be best for the job. Just be sure they have a business license and a history of quality work backed by referrals!

6. Get referrals. Never just choose the first name in the phone book or internet search! Ask around. Get at least three referrals from friends, family and co-workers, then call those contractors and ask for additional referrals.

7. Be realistic and flexible. Understand that problems can—and probably will—crop up. Weather delays, subcontractors quitting, material problems and more all can add days or weeks to your project. How your contractor handles these issues is what’s important; the ability to adapt and correct each situation is vital.

8. Remember rapport and respect. At the end of the day, developing a successful relationship with your contractor is just like developing any other business relationship. Mutual respect and rapport is key. Your contractor might show you that respect by delivering on promises and maintaining a clean and safe work environment. On a hot day, serving ice water to a dehydrated crew will win you favor and keep them motivated to do a great job!



When you’re in the market for a contractor or other service professional,
it’s never a bad idea to consult your local Better Business Bureau®.
The BBB provides information on more than 2.5 million organizations.
It is an incredibly helpful consumer resource and a fast way to learn
whether the person you are working with—or are considering working with—has received complaints in the past. You also can check with the
city or provincial office that governs licenses in your area.

WHAT IS A REFERRAL

Did you know that according to a study of home buyers and sellers this year, 38% of sellers were referred to their agent by a friend, a neighbor or a relative?  Another 26% used an agent they had worked with before.  Why?  Because, now more than ever, trust, integrity and reliability are essential qualities people look for when considering the sources and resources they use to help make decisions for their families.  The internet has given consumers a wide spectrum of information to help them decipher what they need to know, but still, in the end, it’s good to know there is a friendly face and helpful hand they can turn to when trying to sort it all out.
That’s why I’m grateful to all of my customers for their many referrals throughout my career, but also happy to provide a list of those customers who don't mind sharing their experience with others.  For most of us, there’s comfort in that referral, and in that knowledge that other people, just like us have been down the same road successfully.
What’s also wonderful is how many of my customers I’ve referred my clients to as well.  If you have a business or service that would benefit my customer base, share it with me!  I’m happy to send valuable referrals your way too!  Call me today!

Thursday 4 October 2012

THE "ETHICS" DIFFERENCE

Many people incorrectly use the terms real estate agent and  REALTOR® interchangeably. While both are licensed to sell real estate, the basic difference is that a REALTOR® is a member of the National Association of REALTORS® and, as such, must subscribe to a strict REALTOR® Code of Ethics.
The Code of Ethics is a promise to the public that when dealing with a real estate agent who is a REALTOR®, they can expect honest and ethical treatment in all transaction-related matters. All REALTORS® are required to complete a minimum of 2 ½ hours of orientation on the Code of Ethics. Existing members must take a refresher course every four years.
Only REALTORS® pledge to abide by the Code of Ethics, and only REALTORS® are held accountable for their ethical behavior.
The basic principles of the Code of Ethics include:
• Protect and promote your client’s interest, but be honest with all.
• REALTORS® shall be careful at all times to present a true picture in their advertising and representations to the public.
• Assure, whenever possible, that transactional details are in writing.
I will be happy to provide a complete copy of the REALTORS® Code of Ethics for your review.
Call me to get yours today!

October - and fall is here

As the air turns crisp and the leaves present their dazzling display of extraordinary color, it is easy to get caught up in this season of change.
The days ahead will be filled with pumpkin patches, sweater weather, fall festivals and hot apple cider!
How will we spend our days? Hurried and hassled? Worried and worn out? Let us borrow an early page from November and remember to slow down and give thanks to the people in our lives who make a difference, the little things along the way that make us smile, and this incredible time of year filled with color and beauty.
Go for a walk with your family or friends. Find those first early leaves
as they fall. Discover the laugh-out-loud fun of apple picking or
pumpkin carving.
However you choose to celebrate the season, know that I am here when you need me. Knowing the tricks necessary to help people find the right home and solve their real estate riddles is more than my job, it is my treat!
Thank you, and have an incredible October!

Tuesday 4 September 2012

MOVE UP MISTAKES HOMEBUYERS MAKE

Not Putting first things first: One of the trickiest things in moving up is knowing which order to take each step in the process. Do you list first? When do you look for a new house? What about possession of the current home? An experienced agent will guide you through these twists and turns with ease and help ensure that you have everything moving in the right direction at the right time.
Failing to evaluate your finances: Buying and selling homes are major decisions and  should be thought through thoroughly. Unfortunately, many consumers leap before they look which can be a recipe for disappointment. Dig deep and look at, not only how much you’re bringing in pay- check-wise but also, how much is going out. Loan to debt ratio is one of the largest factors consumers face when attempting a favorable mortgage loan. Things like making large purchases or applying for new credit before hand can have a negative impact on your buying power.
Choosing the wrong (or no) agent: In terms of getting the most from your current home and negotiating the best deal on the new house, don’t leave your investment options to chance. An experienced agent can negotiate on your behalf and use all the tools and programs the industry has to offer to work for you.
Overestimating your home’s value: Many homeowners make the mistaken impressions that they can price their home high and “come down” later. That strategy couldn't be more detrimental to getting the most for their home in the shortest time. I can walk you through the wide spectrum of reasons why pricing right is your best chance at a fast sale.
Not knowing your liabilities: Most know what their mortgage payment is but not necessarily their mortgage payoff or what liens may be associated with their loan. It pays to have your ducks in a row when considering both selling and buying a home,
Not doing the math: People get overwhelmed thinking about how much less they might get for their home but forget to look at the flip side: how much less they’ll pay for their next. For example, if your home is worth $200,000 and you want to buy a $600,000 house, the difference in value is seemingly $400,000. However with home prices decreasing roughly 10% on average in today’s market, your current home’s value would be $180,000 and the home you want to move up to would be worth $540,000. So while your home value has decreased only $20,000, the home you want is now $60,000 less!
Like everything else, the real estate market has its ups and downs. For sellers in a tough market, getting the most from their home can be a challenge, but for buyers it often means getting more house for their money. For those consumers looking to both sell their house and move into the home of their dreams, it really does make for the perfect opportunity to move up.
Understanding exactly how the shifting economy affects your buying and selling power is not just my job, it's my passion. While you might hear a lot of media expounding on bad-market syndrome or buyer's market vs. seller's market, know that in any market, I am here to bring you real information, in real time, with real answers on how you can achieve your real estate goals.
If you've thought about moving up to the home of your dreams while taking advantage of low prices and historically low interest rates, call me to walk you through all the information you need.

Sandra Duncan, BA, MBA, REALTOR®, CCS
Business 403-512-1939
Fax 403-776-6064
sduncan@cirrealty.ca
www.sandraduncan.ca

Back to School


As children across the country return to their classrooms, they are developing their foundation for the future and hopefully discovering a
love of learning and a passion for becoming their best selves. Let us remember that feeling and explore all those things we’ve yet to learn, to do, to create that will move us in the direction of our dreams. Life is interesting that way, don’t you think? The more perspective, purpose, lessons, friendship and love we share with those around us, the more
we gain in return.
As a REALTOR®, I love what I do. I have an opportunity each day, each week to help people realize their dreams. It is my honor to find the homes in which memories will be made, celebrations will happen, family and friends will congregate and life unfolds. What a joy it is to do what you love. What a tremendous sense of satisfaction to be in the business of service. Thank you for that opportunity. I promise to always keep learning so that I can bring that knowledge and perspective to my customers and community. Enjoy the lessons, life and love in the month ahead! I’m just a phone call away should you need me. Be well and take care.


I hear and I forget. I see and I remember. I do and I understand. - Confucius

Monday 27 August 2012

Take Time


It is too quickly we jump back in the deep water of the rest of our year as summer days give way to fall. In the blink of an eye, we find ourselves back to full schedules, kids in school and racing to meet life’s high demands. Why is it that we only try to break the cycle when the sun is high, the weather hot and time too short? Let us make a resolution now, that fun should be an all-year-round proposition! Enjoy the moments, and the days and take the time and find the ways to bring laughter, adventure and togetherness into our lives. Life is meant to be celebrated! So throw your hands up, and enjoy the ride! As the summer fades, and the leaves will turn, I wish you and yours great blessings. Know that I am here for you as your neighborhood specialist, and I hope a friend as well. Take good care and have an amazing Aug.

S.E. (Sandra) Duncan BA, MBA
REALTOR®
Certified Condominium Specialist
CIR REALTY
168, 8060 Silver Springs Blvd. NW
Calgary AB
T3B 5K1
Ifax: 403-776-6064
Cell: 403-512-1939
Web Site: http://www.sandraduncan.ca/
Web Site:  www.cirrealty.ca


Thursday 16 August 2012

Understanding Capital Gains:


Understanding Capital Gains:

Capital Gains are calculated as the difference between what you paid for something (Stock or Real Estate for example) and what you sold it for.

How to Calculate Gain

(+) PURCHASE PRICE - Price paid for property
(+) COST OF PURCHASE - Transfer fees,
 attorney fees, inspections
(+) COST OF SALE - Repairs, commissions,
 attorney fees, inspections
(+) COST OF IMPROVEMENT - Room additions, deck,
 for example, though not replacing existing
(=) ADJUSTED COST BASIS OF YOUR HOME
(-) AMOUNT YOU SELL YOUR HOME
(=) CAPITAL GAIN

A Special Real Estate Exemption for Capital Gains

Since 1997, up to $250,000 in capital gains ($500,000 for a married couple) on the sale of a home is exempt from taxation if you meet the following criteria:
* You have lived in the home as your principal
 residence for two out of the last five years.
* You have not sold or exchanged another home
 during the two years preceding the sale.

NOTE:  As of 2003, you may also qualify for this exemption if you meet what the IRS calls "unforeseen circumstances" such as job loss, divorce, or family medical emergency.

Understanding Appraisal Value

For buying and selling purposes, appraisals are usually based on the market value - what the property could probably be sold for in the market today.  This value is not a constant number and changes with market conditions which can often alter the appraised value. Lenders usually use either the appraised value or the sale price, whichever is less, to determine the amount of the mortgage they will offer to a borrower.

Always consult your Tax Advisor or CPA/CMA/CA regarding current tax law.

Tuesday 14 August 2012

SELLING YOUR HOME IN A CHANGING MARKET

In today’s rapidly changing economy, many homeowners wonder or worry about selling their home for the best price, and terms in the shortest period of time.
Here are 9 helpful hints if you are considering selling your home:
1. Be realistic, and price your home right by using market comparisons.
    Know your true bottom line for both price and time.
2. As the market shifts, be prepared to evaluate your price.
3. Advertising your property with yard signs, local MLS and newspapers.
4. Get rid of the clutter!  It makes your house appear smaller.
5. Clean your walls, floors, baseboards, stove and refrigerator.
    Buyers will know your house is well cared for.
6. Clean up outdoors! Remove tools, toys and be sure lawn
    and shrubs are neatly trimmed.
7. Have the carpets cleaned to eliminate odors, smoke, and pet smells.
8. Make minor repairs such as leaky faucets, sticky doors, etc.
9. Be sure to ask for a Merchandising Review before listing
    your property.
For Your Free Merchandising Review Call
Sandra Duncan, REALTOR®, CCS - 403-512-1939

Monday 30 July 2012

MOVING - GARAGE SALE TIPS

Planning a move? Many people hold a garage sale to get rid of items they no longer need or want. If you're planning a sale, here are some ideas to make your garage sale a success!
ADVERTISE: Many newspapers offer inexpensive ads for garage sales. Make a note of the location, the start and end times, and any special items that will be available, such as antiques or collectibles.
DISPLAY: Group items in large boxes and write a price (25¢, $1, etc.) on each box. Place items in the boxes according to what you think each is worth. Items such as clothes, toys, and collectibles sell quickly. Large pieces such as furniture and appliances should also do well.
BE PREPARED: Have small boxes and strong bags for purchases. An extension cord will allow you to prove that appliances work. Have an ample supply of cash so that you can make change, and a calculator to avoid any mistakes.
HAVE ASSISTANCE: Your kids can help by offering lemonade or cookies to people who are browsing through your items. Enlist friends or family members to staff the garage sale, and answer any questions your customers may have. Music is a nice touch and will often draw attention to your sale.
MOST IMPORTANT: If you're planning a move, give me a call! I have the experience and expertise to bring a sale quickly and easily. I'll provide a free Market Analysis showing how long it should take to sell your house, as well as the price it should bring.
If you're moving to another part of Calgary, or to another province, I can provide a list of homes that will fit your needs, from price, to location, to size.
Call me today for information on my full suite of services! Thank you.
Sandra Duncan, REALTOR®, CCS
403-512-1939

Saturday 21 July 2012

Great Professional Condo

http://www.ca.open2view.com/tour/walkthrough/2257

Fantastic Royal Oak townhouse, perfect for the professional/entrepreneurial home owner. Dual master suites, each with their own 4pc ensuite and walk-in closet. Main and garage entrances are ceramic tiles that have in-floor heating. Two decks – morning sun on the front deck, which is off the kitchen/dining room and afternoon sun on the back deck, which is off the living area. The back deck has a gas outlet for the BBQ. Fantastic living area for entertaining has beautiful hardwood floors, one whole wall of huge windows and soaring ceilings. One flight up you will find a modern kitchen, which is open to the living area,  complete with an eating bar, black appliances and beautiful lighting fixtures. There is also a half bath and conveniently, laundry on this floor. The basement is unfinished just waiting for your artistic touches. You are close to the Royal Oak Centre, transportation, growing marketing/shopping areas, schools and a fantastic community association.  Don’t let this opportunity slip through your fingers.

THINGS TO KNOW WHEN SELLING YOUR HOME

How to sell your home without using an agent

It may surprise you to learn that even as a real estate professional, I believe there are some instances when a person can sell their home without utilizing the services of a real estate agent!  I have prepared this free report to help people, who like yourself, are considering selling their home and possibly doing so without using the services of a real estate agent.  In it, you'll find detailed information that will help you sell your home.  Naturally, should you decide at some point to take advantage of the expertise of a professional real estate agent, I would appreciate the opportunity to talk with you.  Thank you.

Factors you need to consider when selling your home
Most homeowners who are considering selling their home are interested in three basic things:
1. Obtaining the most amount of money
2. The shortest possible time
3. The least amount of trouble and inconvenience
Unfortunately, there is much more involved.  For example:  timing, terms, condition, accessibility, advertising, marketing, and merchandising all play a roll in whether or not your home will sell at all, and for how much.  Let's start with the basics.

Arriving at a realistic price to ask for your home
When determining the price to ask for your home, you'll need to know how other comparable homes in your area are priced, what comparable homes have actually sold for, and what homes were on the market, but did not sell.
You may want to order an appraisal to help you obtain this information.  Generally they run between $300.00 and $500.00 and will give you a good idea of what comparable homes are selling for in your area.  Should you decide to list your home for sale with an agent, the agent you choose will provide you with a "Competitive Marketing Analysis" gathered from information he or she can obtain through the Multiple Listing Service and his or her own experience.  Either way, you can get a reliable price structure for your home by compiling this information.
What you need to know about the condition of your home
Essentially, when you put your home on the market, it becomes a "product," and like any other product, the better the condition, the more money you'll receive from a buyer. There is an old saying in real estate that paint is worth $15.00 in the can, or $1,500.00 on the wall.  You should take an objective walk through your house, placing yourself in the shoes of a prospective buyer, and determine for yourself what you think needs to be upgraded, cleaned up, remodeled, refurbished, etc.  I can provide you with a checklist of items you'll need to review.  If you'd like one, please feel free to call.

Terms are also important
Flexible financing is also an important factor in selling your home.  Basically, the more avenues of financing you can provide, the quicker the house will sell.  When showing your home to prospective buyers, you will need to qualify them to determine what kind of financing they can obtain, how much down payment they can afford, how much monthly payment they can afford, and so on.  While this is often uncomfortable, it is a necessary step in the sales process and must be addressed.  Failing to properly qualify your buyers could lead to your home being tied up for several months, only to have the sale fall through later.

How and where to advertise your home
You must understand that people selling their homes as a "For Sale By Owner" and real estate companies, both compete for buyers from the same pool. It goes without saying that real estate companies have the bigger advertising budget.
Since you will be competing with real estate companies for the attention of potential buyers, you'll need to plan on spending enough money on advertising.  Should you decide to list with an agent, the advertising costs are funded by the listing agent and/or the real estate company.
Local newspaper classifieds are a good place to advertise your home.  Once your ad appears in the paper, you will need to stay close to the telephone.  It has been proven that many prospective buyers will not leave their name and number on a recording machine or voice mail.
You'll want your ad to be as descriptive as possible, as it will be competing with many other ads.  Also be aware that many buyers who call a "For Sale By Owner" advertisement do so believing that because the house is not listed with an agent, the price will be lower.  Like you, they are interested in saving the commission, so be prepared to negotiate.

How to Merchandise Your Home
To a person selling their own home "For Sale By Owner," merchandising often means simply showing the home.  To an agent, it means much more, including creating feature flyers, making other agents in the area aware that your home is on the market, holding open houses, and generally doing a host of different marketing activities to help promote the sale of your home.
You might consider doing some of these things yourself. For example, create and design a feature flyer so buyers looking at your home will have something to take with them after they look.  You could hold your own open house.  I can give you some tips on how to hold a successful open house, as well as other ideas for successfully merchandising your home.  If you'd like that information, feel free to give me a call.

Why Most "For Sale By Owners" Eventually List with an Agent
Selling your home without using a real estate agent is, at least initially, an appealing proposition.  Nobody wants to pay a real estate commission.  And yet, it would only make sense to ask yourself, "Why do so many people use a real estate agent to sell their home?"  The answer is really very simple.  Selling your home "For Sale By Owner" is typically an extremely costly and laborious task.  It is time consuming, frustrating, and often ineffective.
Many studies have been conducted by both independent consumer groups and real estate industry trade organizations over the years that convincingly indicate that selling a home "For Sale By Owner," in the vast majority of instances, takes longer and costs more.
The choice is certainly yours, and I hope I've been able to provide you with some ideas that will help.  If you feel you would be open to discussing your alternatives in person, please feel free to contact me at your convenience.

Sandra Duncan, REALTOR®, CCS
CIR REALTY
168, 8060 Silver Springs Blvd. NW
Calgary, AB T3B 5K1
403-512-1939

Monday 9 July 2012

KEEPING YOUR COOL

Global warming, fuel prices and the ever-rising cost of electricity can mean money saved or quickly lost, depending on the efficiency of your home’s cooling system. Taking a few simple steps now will increase your chances of staying cool… and keeping your cool when the utility bill arrives this summer!
Have your system checked by a professional. Whatever costs you incur can quickly be regained by ensuring that your system is well maintained and energy efficient.
Keep filters clean and free of debris to allow maximum air flow and decrease stress on your system.  Filters should be replaced monthly.
Consider a programmable thermostat. This great tool automatically controls the temperature of
your home, even when you are away.
Keep window treatments closed to prevent the sun's heat from permeating your living area. This also reduces the sun's fading effects on your carpet and furniture.
Use ceiling fans. Fans make you feel cooler by creating a “wind chill effect” and only use roughly as
much power as a 100-watt light bulb.
Run your clothes dryer at night, or line-dry your clothes. The heat from your dryer is more easily
dispelled during the evening hours, when your system is not working at maximum capacity just to
counter the heat of the day. You also might want to consider upgrading to any number of today's
more energy-efficient models.
These are just a few ideas for keeping your cool this summer season! Check with your local electric company for more money-saving options in your area!

Wednesday 4 July 2012

Picking the Perfect Paint Colour for Your Personality

Picking the Perfect Paint
Color for YOUR Personality
Color Cues from Industry Experts

Ask any staging or decorating expert and they will tell you that color can make or break a room, but did you know that what colors you choose can say a lot about you?  If you are thinking about sprucing your home up this summer with some new splashes of paint, let’s first take a look at the personality hints behind the hues and learn how they can affect your family’s mood and morale! 
Red:  Red colors tend to conjure up emotions such as passion, romance, energy and power, but did you know it is also known for stimulating the appetite and the art of conversation?  You may want to consider adding a dash of red to your kitchen as part of your recipe for dining décor!
Yellow:  Yellow often symbolizes joy, happiness, energy and wisdom.  It’s a great color to use in rooms with little or no natural light.  A pale yellow can brighten up a living room, sass up a kitchen, and perk up a bathroom.  Deeper, more intense shades of yellow can be overwhelming so sample first!
Orange:  Long recognized as a symbol of vitality, energy and endurance, add a splash of orange to spice up a room, increase creativity and playfulness.  Try pairing it with a complementary color for a dramatic room effect.  Perfect for a playroom, studio wall or sun room accents.
Brown:  Considered in alignment with taste, sophistication, order and down-to-earth warmth, this color is wonderful for easy, relaxing living areas and family rooms.
Green:  Green is said to be great for concentration and for its calming effect.  Perfect for your home office, den or anywhere in your home you’d care to curl up with a good book, or get down to business!
Blue:  Soothing blues denote youth, peacefulness, spirituality and calm.  Great for bedrooms, guest rooms and even bathrooms for those long, relaxing soaks in the tub!
Purple:  Another “romantic” hue, purple is a great shade for bedrooms and even dressing areas.  Blue-purples have a more relaxing tone, while red-purples add more energy, so keep that in mind when choosing color for the walls where you sleep!
Adding color to your home doesn’t have to be an all or nothing proposition.  If bold colors intrigue you but make you a little nervous to try on a grand scale, consider painting just an accent wall, or perhaps just as splashes of color in table settings, throw pillows, lamp shades or window treatments.   Remember, the wonderful thing about indoor paint is that it’s not permanent.  Don’t be afraid to try different shades on for size.  What’s fun is that the end result will find you seeing more of yourself in the rooms of your home which very often adds an extra sense of comfort, well being and security!  So go ahead — color your home beautiful!

Tuesday 3 July 2012

When the competition gets tough......

Real Estate Outlook:
When the competition gets tough...
The tough take the advice of an expert.  Many homeowners trying to sell their homes today are facing stiff competition from bank-owned and short sale properties.  How can you compete against the low-cost of foreclosures?

Price it right.  There has never been a more important time to ensure that your home is priced to sell. Old facts, figures and even sales prices won’t help. To move your property in today’s market, you must be aggressive, strategic and just below market value.  Call me today for a Pricing Pyramid which can help illustrate just that.
Looks count.  It’s been said that selling your home in today’s market is a little like being in a beauty contest.  Looks really do matter, especially when competing against homes in foreclosure which may not be as well cared for.  It’s an advantage you can’t afford to ignore!
Don’t go it alone.  Buyers today are savvy investors indeed.  The internet and media have given them plenty of ammunition!  While “going it alone” may seem like the way to save, statistically you’ll get more for your investment in less time and with far less headaches by working with a Realtor®.
Call me today to learn more!  I can help.

MONTHLY CALGARY FROM CREB REAL ESTATE STATS

http://www.creb.com/public/documents/statistics/2012/package/res-stats-2012_June.pdf

Wednesday 20 June 2012

Splash On Some Colour

Splash on some colour!
Painting Tips
Sometimes lighting and shadows can make choosing a paint color a little tricky. Try these tips for getting it just right!
1. Look to your favorite home-decorating magazines and tear out color schemes and ideas that appeal to you and take with you when shopping for paint.
2. Know that color is usually more intense on walls than it seems on a sample card. Play it safe and go a shade or two lighter.
3. Yellow and rosy tones give a room a warm feeling. Greens, blues and grays give a cooler tone.
4. Avoid snow-white except in ultramodern, minimalist environments, because it will seem too harsh, giving a sterile, operating-room effect. It's better to go with a white that contains a hint of peach, beige or pink.
5. Keep bold color schemes for areas such as bathrooms and dining rooms where you don’t spend as much time. That way if you tire quickly, changing it won’t be as large of a project!
6. Take fabric with you if you're matching it, either a swatch,
pillow or curtain panel for example.
7. Start small, buying just a quart or so of paint, and then paint a section of wall with a paintbrush or roller, or test the color on a good-size (perhaps 3 feet square) plywood or wallboard scrap, or on a piece of cardboard; set it against the walls in the room as the light changes (including artificial light) and evaluate
it for a few days.
8. Test a two-tone scheme, such as wainscoting in one color and walls in another, by painting two boards or painting one board in both colors.  Repeat the test, tinkering with colors in small amounts until you're satisfied. While th¬e cost for sampling various paints can add up, it is still better than applying the wrong color to an entire room and having to repaint!

Wednesday 6 June 2012

Calgary Real Estate Sales Growth Lead Canada

According to a report recently released by the Canadian Real Estate Association on May 15th, Calgary’s MLS listings have risen 30% since last year. Nationally, sales have also risen, but at a much lower average rate of about 11%. New listings in Calgary have risen by 4.4%
since last year.
Compared to the rest of Canada, the average price increase of a home in Calgary remained relatively modest at 0.7%. The national average was reported at 0.9%. It is estimated that housing prices as a whole will not see more than a further 2% increase this year (TD Economic).
Looking at Alberta as a whole and real estate as an economic indicator of economic recovery, real estate sales have increased by 23.5% from last year..

Sunday 3 June 2012

Possible Red Flags When buying a Home

If every transaction and home was squeaky clean, then we really wouldn’t need lawyers, home inspectors, Realtors and other professionals to assist and protect us through the process. There are hundreds of things that can be problems in a house or with the deal itself. Below are a few red flags that should pique your attention when buying a house.
PLEASE NOTE: These items are only red flags. They are not necessarily problems in themselves, but should trigger a little more research.

Current Owner Assumed Their Mortgage – Assumable mortgages have been an easy way for unscrupulous people to purchase homes without using a bank.

Low Down Assumable Offered – The terms of the mortgage may be horrible, or the house may be over priced.

Stained Basement Items – Water stains on any item in the basement should be questioned.

Newly Finished Basement – This is a common way to hide past problems.

Odd Smell – Could be mould, mildew or caused by water or a past drug operation.

Exterior Cracking – Any unsealed opening on the exterior can cause water entry.

Slope Toward the House – The yard should move water away and not toward the house.

Attached Homes Without Condo Fees – If something happens to the roof or another shared item, who is responsible for the cost? Does your neighbor even have the money for half the expense? Can they paint their half pink?

Hot Water Tank Damage – Any sign of wear and tear on a hot water tank should be addressed very quickly.

Dirty Furnace Filter – The furnace is likely working overtime, and what else haven’t they fixed?

Cold Spots – This can be poor insulation or improper construction.

Swellings Around Windows and Wall Seams – Possible water entry.

Water Staining – Uhhhh… probably water.

Restrictive Covenants on Title – This could restrict the ways you can use the property, or what you can build in the future.

No RPR or Survey – This is the only protection you have to ensure that the house is built in the proper location on the lot and that you are getting the amount of useable land you paid for.

Newly Built Deck or Fence – Is it in a legal location and does it have a permit?

Soft Shower Walls – Could be rotten from long term water leaks

House Feels Small – The square footage listed may not be accurate.

One Agent Represents the Seller and the Buyer – It is impossible for a single agent to get the seller the highest price possible, and the buyer the lowest price possible. This is a conflict of interest. (Dual Agency)

Ask lots of questions and be sure to get accurate information from trusted professionals. Your team of pros is the best protection here.

This article has been written by Lindsey Smith of the Entyro Service Group in Calgary AB

Saturday 2 June 2012

WHEN AND WHAT TO REMODEL

WHEN AND WHAT TO REMODEL:
When remodelling your home, any major repairs must yield increasing returns.  For example, if you spend $1,000 to enhance part of your home, it must yield more than $1,000 when you are ready to sell your home.  These areas show increasing returns:
• Bathroom remodelling
• Master suite addition
• Bathroom addition
• Family room addition
• Roof replacement
• Window replacement
Hiring A Remodelling Contractor
• Get written estimates from at least three contractors
• Check references, including past clients
• Call local Chamber of Commerce or Better Business Bureau to ensure there are no complaints
• Make sure your contract is clear and specifies what the job entails, including time, price and changes
• Do not pay in full.  Make a down payment on services rendered.
• Check that all permits, licenses and insurance needs are met by the contractor
• Many contracts have a 3-Day Rescission
to protect you should you change your mind!
• Ask who will do the work.  Will it be the contractor or what portion will be sub-contracted?
• Ensure that all work completed complies with local building codes and/or regulations.
• Hold contractors responsible for clean up and any damage that occurs during work completed
• Guarantee that materials used are what you requested
• Once you are satisfied, then make the final payment

Monday 28 May 2012

Things you need to know when hiring a contractor

Who to Hire?
When choosing a contractor, you should hire someone who has experience with projects similar to yours. For large renovation projects, you can hire a renovator to take charge of the whole job. You may also need to hire an architect, architectural technologist or a designer to prepare your project plans.
Finding a ContractorYou should get estimates from several different contractors. A good source for referrals may be a family member, friend or neighbour who has had similar work completed. Other sources include local homebuilders, renovator associations, local building supply stores and contractor websites on the Internet.
Choosing a ContractorYou want a contractor who will explain what’s going on as the project progresses, discuss problems and work with you to make the final result as good as it can be. Remember that a good contractor will have satisfied customers. A contractor should have references from at least three previous clients who have had similar work done. You should contact these references and ask about their experience.
Getting Estimates or ProposalsThree estimates will usually give you the information you need to make a decision. The estimate should include everything that the contractor will do to complete the job. You should assume that anything not listed is not included in the price. Make sure you have extra money in your budget to
cover unexpected costs.  Look for a fair price. Factor in any differences in what the contractors are offering and the skills they bring to the job.
Get It In Writing — The ContractContractors who don’t have an address, don’t want a written contract and offer discounts if you pay cash should be avoided. For your own protection and peace of mind, it’s best to always have a written contract, even if it is a small job.
Ensure The Contractor Has InsuranceMake sure the contractor has workers’ compensation and third-party liability insurance for all the people who will be working on the renovation and for the damage they may cause. Don’t accept or assume any liability for the contractor or trades people.
Working With Your ContractorTalk often with the contractor so you know what’s going on and what might be needed from you. Good communication can help settle disagreements between you and your contractor.
Consumer Protection LawsProvincial and territorial consumer affairs or consumer relations departments usually administer consumer protection laws. They can help you solve problems between you and your contractor. The Better Business Bureau will also handle consumer complaints and work through disputes to try and get a fair settlement.
If legal action is necessary, you may be able to take the contractor to small claims court.
Completion CertificateDon’t sign a certificate of completion until you have thoroughly inspected the work. If the contractor has to return later to finish a few minor details, you should note this, and if appropriate, hold back a portion of the payment to cover the work that still has to be finished.

Thursday 24 May 2012

Real Estate Insight

Real Estate Insight
Buying REO vs. Foreclosure - What's the Difference?
REO is an abbreviation for a REAL ESTATE OWNED property which indicates that the property has been foreclosed on and has been taken back by the mortgage lender, trustee, or bank.
I’m often asked, “Which is better to buy, an REO or a house being foreclosed on?” The answer isn’t always that simple, and really depends on personal preference, the individual properties, the conditions and terms being offered, etc.  There are distinct advantages to purchasing both, and a laundry list of items you should consider if you’re in the market.
There’s much to learn about purchasing these properties, and certainly any good investment is worth taking the time to fully understand your options.  As a real estate professional, I can help you make the right decisions for your family, and help you protect your best interests.  Most of these properties are sold, “as-is,” so it’s important to have an advocate on your side when negotiating these offers.
Call me to learn what properties are available in this area and how you can make the best financial investment for your family.

Tuesday 15 May 2012

DRESS YOUR HOUSE FOR SUCCESS!!


Spending a few hours beautifying your house can go a long way toward a quick sale at top dollar. Taking the time now to look at several key areas will result in a dramatic increase in serious buyers. These few steps are a must for any home seller to follow: 

1.   Take a walk through your house with a "buyer's" perspective. Is the house warm and inviting, or does it look run-down, old, and cluttered? 

2.   Touch-up paint in all rooms. If the existing paint is especially unsightly, paint the entire room with a neutral color. 

3.   The most examined rooms in the house are the kitchen and the bathrooms. Make sure these rooms shine by removing all clutter, caulking around sinks and tubs, and cleaning all fixtures. Dripping faucets are easy to fix yourself 

4.   Prepare for a showing the same way you would prepare for friends coming over. Make the beds, pick up clothing, sweep and mop as needed. It should be easy for prospective buyers to move throughout the house. 

5.   Buyers will be interested in storage space in your house. Make sure your closets are clean and clutter-free. If you have clothes that you're not wearing, consider moving these to a storage facility to make your closets look more spacious. 

6.   Too much furniture can make a room look small and cramped. Consider moving extra chairs or tables to a storage facility as well. 

7.   What is the first thing your prospective buyers will see? Your front door. Make sure your door and entry are spotless. Paint if needed, and place a few bright flowers along the sidewalk. 

Call me for more home selling tips
you can use today!

Monday 14 May 2012

UNDERSTANDING "AGENCY"


Why understanding "Agency" is the first step toward success...

Your real estate transaction is one of the most important financial decisions that you will ever undertake. As a real estate professional, I understand this and want you to be fully aware of your representation options.

"Agency" in real estate refers to the nature of the fiduciary responsibility that exists between you and the real estate professional you choose to work with. Having a complete understanding of the nature of this relationship is the first step to working together to achieve your real estate goals.

Only after signing a legally binding document does a real estate professional become your agent. As your agent, that REALTOR® now has a legal obligation to insure the protection of your best interests in every facet of the transaction.

 It's about loyalty
and responsibility...

Traditionally, real estate professionals worked mostly as agents of the seller, not the buyer. Their loyalties and responsibilities rested with those of the seller.

REALTORS® working with buyers were, in fact, acting as "sub-agents" of the seller, keeping the seller's loyalties ahead of those of the buyer. Often, the buyer had no idea of the true nature of this relationship.

Today's Buyers
have an option...

Buyers may now retain a real estate professional to represent their financial and legal interests when it comes to the purchase of a home. It's called a "Buyers Agent".

To learn more about the benefits of a Buyers Agent, please contact me directly for a free consultation.

Friday 4 May 2012

FSBO FIRST AID


Six Factors Necessary To Get Your Property Sold...

1.  Setting the right price.
In today's competitive real estate market, buyers have access to more information than ever before. You have one chance to make a good first impression. In determining your asking price you should calculate the average sales price to list price ratio in your neighborhood. If you're serious about selling your house on your own you may want to offer a buyer a price incentive. After all the buyer you're looking for isn't using a broker either. National statistics indicate that For Sale By Owners usually wind up with about 9% less than what they could have gotten by using a broker.

2.  Create your marketing plan.
An ad in the paper, a sign in the front yard and word of mouth is a good place to start -- but where do you go from there? The more qualified buyers that you expose your property to, the higher the odds of finding a buyer that's willing to pay your price. I invite you to take a look at my marketing plan, and learn some strategies that may help you get your home sold.

3. Preparing your product.
Many factors come into play in preparing your property for showing. I'll be happy to give you my secrets for properly preparing your home for showing.

4.  Four questions to ask every caller:
(1) Are you pre-qualified? (2) What's the name and phone number of the person who pre-qualified you? (3) How much did you pre-qualify for? (4) What's your possession deadline? You have to separate lookers from buyers. You don't want to wind up entering into an agreement with somebody that down the road doesn't qualify to buy your property. I'll be happy to put you in touch with my lender to help you pre-qualify your callers.

5.  Properly presenting your property.
Don't get emotional. When I'm showing properties to buyers I don't even want the sellers there, because buyers are less likely to express their true feelings. I invite you to call me today and I'll share with you my strategies on presenting your property professionally.

 6.  Negotiating the sale.
It's a fact even in a seller's market over 90% of the properties sold sell for something less than the asking price. Prepare yourself for offers less than your asking price. Don't get emotional. After all, one of the main reasons a buyer is shopping For Sale By Owners is to try to get a better price. They know you're not paying a commission. Be prepared, and present evidence proving the value of your property. A third party negotiator can literally save you thousands in negotiating the sale of your property.

What's most important to you in the sale of your property? If it's putting the most amount of money in your pocket as you possibly can, I invite you to contact me directly.

Tuesday 1 May 2012

MAKING YOUR REAL ESTATE DREAMS REALITY: Real Estate Outlook - Investing

MAKING YOUR REAL ESTATE DREAMS REALITY: Real Estate Outlook - Investing: With our economy back on the move and markets across North America heating up—investment in real estate is once again on the rise. In fact...

Real Estate Outlook - Investing


With our economy back on the move and markets across North America heating up—investment in real estate is once again on the rise. In fact, more than 12% of today's home buyers are purchasing their new home as an investment.

With low interest rates and high inventory to choose from—especially with the glut of priced-to-move foreclosures on the market—there is real value and excitement that surrounds this long-term investment strategy. Like any big investment, however, there are things you need to do to ensure that your best interests and legal rights are protected.

 If you or someone you know has thought about investing in real estate, give me a call today. I can help make sure you have the right information, tools and resources to make the best decisions for your family.

In fact, if you have any real estate questions, know that I'm here to help with everything from first time home buyers to second homes and retirement options and everything in between. In today's fickle financial world, it's always good to know you have someone you can trust who can get the answers you need when you need them.

Monday 30 April 2012

MAKING YOUR REAL ESTATE DREAMS REALITY: 6 REASONS SOME REALTORS MAY REDUCE THEIR COMMISSIO...

MAKING YOUR REAL ESTATE DREAMS REALITY: 6 REASONS SOME REALTORS MAY REDUCE THEIR COMMISSIO...: 1. They need the business.   In today's competitive market some agents are offering to cut their commissions because they don't have sy...

MAKING YOUR REAL ESTATE DREAMS REALITY: THINKING BIG WHEN YOU HAVE A SMALL BATHROOM

MAKING YOUR REAL ESTATE DREAMS REALITY: THINKING BIG WHEN YOU HAVE A SMALL BATHROOM: Do you have little spaces and BIG ideas? You’re not alone. Here’s how to maximize every inch of space in a small bathroom—turning it int...

THINKING BIG WHEN YOU HAVE A SMALL BATHROOM


Do you have little spaces and BIG ideas? You’re
not alone. Here’s how to maximize every inch of space
in a small bathroom—turning it into an oasis all its own.

If you’re not quite ready for a wrecking crew but want to make
your small bathroom appear bigger, try these tips and tricks for upsizing your space:

1.    Use light, airy colors to open it up. Save dark colors for larger rooms.

2.    Paint the door the same color as the walls, and add mirrors to create the illusion of depth.

3.    Consider a slim shower stall to replace a bulky tub.

4.    New tile can enhance the aesthetics of any room. Talk to your home center professional or trusted contractor to see the wide variety of beautiful textures and colors available today.

5.    Clear out the clutter! A small space is no place for knickknacks and trinkets. One or two small, warm additions will pop much more than a menagerie of dust collectors.

6.    Replace oversized cabinetry or outdated furniture with simple, sleek designs that provide needed storage without overwhelming your space.

7.    Crown molding painted the same color as the ceiling adds size and depth to your ceiling.

8.    Consider a pedestal sink to replace a bulky, outdated one. You will immediately open up much-coveted floor space.

9.    Speaking of flooring, light colors work best here, too. Cool tiles, a light, natural wood or even a neutral vinyl will add a fresh look to an old room.

10.  Light the way with new fixtures. If you choose a light, neutral color palette for the rest of the bathroom, this might be just the key to adding a splash of accent color and bright light. Many older homes and small bathrooms have limited lighting, which can add to that cramped feeling. Let the light in with beautiful new fixtures!

Thursday 26 April 2012

Why you should get a home inspection


Why Every Buyer Should Get a Home Inspection

I thought this article by  John D. Mayfield ABR, ABRM, GRI, e-PRO, CRB would be of interest to my readers
Although this is not a comprehensive list of the need for a home inspection nor should this report be relied on solely with the purchase of your next home.  It is a guide that can help you understand the benefits for having a home inspection prior to your next real estate purchase.   

¨  Most sales contracts provide the buyer to perform various inspections on the property with in so many days after signing of the sales contract.  By having a qualified and recommended home inspector look at the property under consideration you have the opportunity to find any major or structural defects in advance of the home purchase.  This inspection and notification of the issues at hand can allow you the borrower to either cancel or void the contract or request the seller to make the necessary repairs prior to signing any closing documents.  Of course state laws and the contract verbiage that you sign will dictate the final outcome but it is important to make sure the party representing you in the transaction includes the opportunity to have a building inspection on the property you plan to purchase.

 

¨  The inspector will look for things you never dreamed of!  Most building inspectors will look for a wide variety of items both structurally, mechanically and visible to you and I and items that are not visible during the normal inspection.

 

¨  The building inspector will provide you with a detailed report outlining on the issues and problems that need to be corrected.  It is important to use this detailed report when requesting corrections to the contract or in the case of major structural defects allowing you the opportunity to terminate the contract. Of course you will need to seek legal council and the verbiage in the contract before you can move forward on your decision.  But a detailed report will normally be necessary to you to provide the seller or sellers agent should this situation arise.



¨  Don’t panic about everything.  Remember the building inspector’s job is to find problems and issues with the sales contract.  It is not critical that every detail pointed out in the contract be correct or repaired.  Some minor issues listed in the inspection report may only take a half a days work and a couple hundred dollars to correct.  Although you should consult with your agent or legal council regarding your detailed inspection report, don’t feel that every listed item in the inspection is for concerned panic.



¨  Ask for recommendations.  Prior to hiring a building inspector it is always a good idea to ask for recommendations and find out what the satisfaction level is with their past clients.  You can not only request recommendations from the building inspector themselves but also ask the real estate agent you are working with to provide a list of names that may have used this inspector or several others.  By doing this you’re sure to find out a positive or negative reaction others have experienced with this building inspector.



¨  Ask to see if the inspector is a member of any national organization.  Some groups such as the [associations name ASHI] require the inspector to meet certain criteria and to have a certain educational background to be certified as one of their inspectors.  This rigorous requirement assures you that the inspector you are hiring meets all of the qualified criteria and code when performing a home inspection for you it also assures you that the inspector is recertifying themselves on a contentious and regular basis so that they are constantly updated and familiar with the current building code and construction requirements.



¨  A home inspection is not all that you will need.  Although most home inspectors do a good job at finding areas in need of repair and problem issues with the home you are planning to purchase.  Some cities and government municipalities require a separate occupancy inspection and permit prior to your moving into your future residents.  Just because the building inspector investigates your home and finds little or no problem areas occasionally the city inspector may have a newly updated list and will require certain changes to be made to the home.  Although most building inspectors will try to stay on top of these local city changes occasionally one issue or area may fall through the cracks.  It is not only a good idea to hire a building inspector but to also sign the necessary forms and documents and pay any local municipality fees so that the occupancy inspector can preview the home too. 



¨  Don’t forget local utility inspections.  As noted in the previous bullet point for obtaining any local municipality occupancy inspections it is also a good idea to have the local utility companies inspect the home for their standards required in turning on the utilities.  Again most inspectors do a good job in looking at the utility requirements necessary during their home inspection.  Occasionally local gas company or electric company could have a requirement the building inspector is not aware of.  It is always a good idea to cover all of your bases prior to closing then for an issue or problem to arise after the seller has received their money and the contract dates have elapsed. 



¨  Ask the building inspector what areas they do not cover and what additional inspections you might need.  For example, some building inspectors are qualified to inspect for termites while others may not. It is a good idea to make sure you know in advance what areas the inspector will not guarantee under their inspection.



¨  Order your inspection in advance. Remember the sales contract will have important dates for you to follow in order to request changes to the home that are in the sales contract.   Please seek advice from your legal council or qualified real estate professional regarding these dates.  But understand waiting until the last minute can be detriment and possibly cost you thousands of dollars if an issue or problem needs to be corrected and your inspection period has expired. 


All the above bullet points are not a complete list of items that could arise regarding building inspections.  It is hopefully a good guide for you to use and remember prior to purchasing your next home.  At CIR REALTY we would love to help you with your next home purchase.  I have additional FREE reports listed on my web site at [web address] and you can also call me at [agent phone number] for more information.  I hope this report has been helpful for you and I look forward in hearing from you soon [agent name].





This article has been written by John D. Mayfield ABR, ABRM, GRI, e-PRO, CRB