Tom Flatt, Coldwell Banker J. Kazi Realty, Brokerage

Tom Flatt, Coldwell Banker J. Kazi Realty, Brokerage: The economic impact of Real Estate

2012-02-25T10:28:00.000-08:00

Tom Flatt, Coldwell Banker J. Kazi Realty, Brokerage: The economic impact of Real Estate: The economic impact of Real Estate Canada’s real estate market is booming, and that’s good news for most Canadians – and not just home sell...

The economic impact of Real Estate

2012-02-25T10:27:00.000-08:00

The economic impact of Real Estate

Canada’s real estate market is booming, and that’s good news for most Canadians – and not just home sellers. The economic impact of a thriving real estate market has a far-reaching ‘ripple effect’ that extends into many aspects of Canadian life.

A study commissioned by the Canadian Real Estate Association (CREA) and prepared by the Altus Clayton research company for the period of 2006 to 2008, indicated the following:

Canada’s resale market generated an average of 202,750 jobs each year
This represents an average of $2.3 billion annually
Each residential MLS transaction generated an average of $46,400 in additional consumer spending
This includes the cost of moving and for post-move renovations after moving in
The survey does not does not include any renovation expenditures by sellers to prepare their property for sale – if that aspect was included, the economic impact would be even greater.
The economic impact varied by province – BC was highest with over $60,000 per transaction, while Atlantic provinces generated close to $30,000
This variation in impact mirrors the level of house prices in the two regions, with BC being the site of Canada’s two most expensive housing markets, Vancouver and Victoria.

So, the next time you see news about a positive real estate market, and you think that has little to do with you --- think again. Real estate is a cornerstone of the Canadian economy, and we all benefit from a strong and thriving market. If you’d like more information about the real estate market in your community, contact your local Realtor® or myself, and take advantage of our expert advice.

Tom Flatt, Coldwell Banker J. Kazi Realty, Brokerage: Knowing the first-time buyer

2012-02-16T08:10:00.000-08:00

Tom Flatt, Coldwell Banker J. Kazi Realty, Brokerage: Knowing the first-time buyer: Knowing the first-time buyer In today’s competitive real estate market, more and more sellers are looking to target the increasingly import...

Knowing the first-time buyer

2012-02-16T08:09:00.000-08:00

Knowing the first-time buyer

In today’s competitive real estate market, more and more sellers are looking to target the increasingly important consumer group of the first-time buyer. The first step in reaching this target group is in knowing who this customer is, and then understanding their specialized wants and needs.

Just who is the first time buyer in terms of age, income, marital status, house price range? There’s no one right answer to that question, especially these days. First time buyers come from all ages and all walks of life. Also, their demographic profile can vary dramatically from market to market, and even between different communities in the same major market area. However, there are some interesting trends in the first time buyer demographics:

· As home prices rose, it resulted in young people staying at home with their parents longer in order to save the necessary money for a down payment. Not surprisingly then, the age of first time buyers has risen in recent years.

· There’s been a major shift in first time buyers in terms of marital status. Ten years ago, the vast majority were young married couples starting out their life together, with a hope for a growing family. Today, while couples still represent the majority, we’re also seeing a far greater percentage of young professionals, especially single women, entering the home buying market. These career-oriented people no longer want to wait for marriage before taking their first step on the property ladder. They want to build equity and achieve the dream of home ownership without waiting for the right life partner to come along. This group is a major force in low upkeep urban housing that is seen in the condo market.

Canada

enjoys a very strong positive in-migration population, and these individuals will continue to fuel the first time buyer market.

One trend that we’re now starting to see is an increase in the percentage of first time buyers in the market. With the escalating prices in recent years, some of these individuals were previously ‘locked out’ of the housing market. Now with adjusting prices, historically low interest rates, and help from government initiatives such as the Land Transfer Tax Rebate, have resulted in some of the most affordable housing seen in most markets in years. This is bringing a new buyer back into the market, as they are now seeing homeownership come back within their reach.

Want to know more about the first-time buyers market? Give your Realtor® a or myself a call to find out more.

Tom Flatt, Coldwell Banker J. Kazi Realty, Brokerage: Sharing the Cost of Home Ownership

2012-01-18T12:04:00.002-08:00

Tom Flatt, Coldwell Banker J. Kazi Realty, Brokerage: Sharing the Cost of Home Ownership: Sharing the Cost of Home Ownership The high cost of real estate in some Canadian markets can present a challenge to people wanting to enter...

Sharing the Cost of Home Ownership

2012-01-18T12:04:00.001-08:00

Sharing the Cost of Home Ownership

The high cost of real estate in some Canadian markets can present a challenge to people wanting to enter the housing market. First-time buyers in particular may find they have to make adjustments to their vision of a dream home, and start with something more realistic. It’s no wonder that young people in Canada are staying at home longer these days, in order to save for a down payment. In fact, in these days of employment uncertainty many homebuyers today want a home that has the potential to generate income, and are looking for a property with a rental apartment or flat to help offset their mortgage payments.

There are other home-ownership alternatives to help buyers build some equity in the real estate market. An option that may be of interest to some individuals is the joint purchase of a multiple-dwelling property by more than one group of buyers. For example, a legal duplex might be jointly purchased by friends or relations, with each family group occupying one of the property’s units. The duplex approach can work well in situations where young people plan to move away to marry, leaving their parents as “empty nesters”. In this scenario, the family home is sold, with the parents buying one unit of a new duplex outright, and then banking their surplus funds. The younger generation then assumes the more manageable mortgage payments on the remaining half of the duplex’s price. In this way, they can start to build equity immediately without having to come up with a large down payment, or getting into a high ratio mortgage.

In less formal arrangements, two couples might elect to jointly buy one single-family residence and share all the living space. This can prove to be a very stressful situation, and the best chance for success is usually when there is a family relationship between the two couples, such two siblings with their spouses.

Whatever method you use to ease the cost of homeownership, the most important thing to remember is to get the all the details worked out before you buy. Everyone involved in the purchase should agree on all sub-lease and re-sale provisions “up front”. For example, can one party move out and sublet their living space to someone else? How will the upkeep and chores of the property be handled? Who will decide what maintenance expenses are incurred and how will they be funded? What happens when someone wants to sell? Does one party get the first right to buy out the other’s interest? If so, how is a fair price determined? How long does the other owner have to make up their mind before the remaining partner sells their unit? Or, is the entire property put on the market with all parties sharing the proceeds and then going their separate ways?

As you can see there are a lot of variables to consider. Such important issues should not be left to chance. Don’t expect that they’ll be sorted out easily when the time comes. The best course of action is to get a lawyer involved and draw up an agreement that clearly sets out the rights and obligations of all co-owners.

Remember, when you’re thinking of creative ways to ease the cost of owning a home, talk it over first with the expert. Tell your real estate salesperson all about your plans, so they can ensure that you’re shown homes that conform to the appropriate zoning and municipal by-laws. Best of all, your Realtor® may be able to suggest options that you’d never considered, and help you make your home ownership dream a reality.

Tom Flatt, Coldwell Banker J. Kazi Realty, Brokerage: Open House viewing made easy

2012-01-12T14:51:00.000-08:00

Tom Flatt, Coldwell Banker J. Kazi Realty, Brokerage: Open House viewing made easy: Open House viewing made easy Today’s buyers have a lot to choose from these days, with a large inventory of homes listed for sale. Some r...

Open House viewing made easy

2012-01-12T14:49:00.000-08:00

Open House viewing made easy

Today’s buyers have a lot to choose from these days, with a large inventory of homes listed for sale. Some real estate representatives hold Open Houses in an effort to attract potential buyers to their listings. There’s a lot of information available about Open Houses from the seller’s perspective, but surprisingly few guidelines for the buyers who come to view them. Here are some helpful tips on Open House viewings from the buyer’s side.

If you plan to visit an Open House, inform your sales representative prior to your visit. You may be surprised to learn that visiting an Open House without your sales representative present may result in conferring certain rights on the salesperson who is showing the property. It all depends on the rules of the real estate board where the property is located and any other agreements that may be in place.
Ask your sales representative for information about the surrounding neighbourhood. Your Realtor® can be a valuable source of information about planned developments in the area and other aspects that may impact a home’s resale value, and may even be familiar with the individual property.
If you’re planning a tour of several Open Houses, start out with a map. Plot out the addresses where the Open Houses are located and the times of showings to ensure that you make the most productive use of your time. Make sure you identify where schools, amenities and major transportation routes are located. The Coldwell Banker Web site, www.coldwellbanker.ca can help make your planning process easier with helpful location maps. The site even flags properties that are holding Open Houses, so your list is made for you!
Start your Open House tour with a drive to get a feel for the entire neighbourhood before you devote any time to viewing individual houses.
When you visit an Open House, be direct and ask questions. You’ve got a lot at stake, so this is no time to be diplomatic. The salesperson showing the home is well aware that it won’t be right for everyone. Being open and direct allows the hosting sales representative to better understand your needs and objections and then offer solutions to meet them.

Do you have any other questions about viewing homes for sale? Or about home prices and affordability in today’s real estate market? Call me and take advantage of their helpful advice. It’s a great time to buy, so why not make the most of it!

Tom Flatt, Coldwell Banker J. Kazi Realty, Brokerage: Sizing up your new neighbourhood

2012-01-10T02:26:00.002-08:00

Tom Flatt, Coldwell Banker J. Kazi Realty, Brokerage: Sizing up your new neighbourhood: Sizing up your new neighbourhood Buying a home can be a confusing and even overwhelming experience. One of the best ways to take the my...

Sizing up your new neighbourhood

2012-01-10T02:26:00.001-08:00

Sizing up your new neighbourhood

Buying a home can be a confusing and even overwhelming experience. One of the best ways to take the mystery out of the process is with good information. When you’re looking for the right home, your success can often depend on knowing what questions to ask – not just about a prospective property, but also about the surrounding community. Here are some questions that can help you size up a neighbourhood before you decide to make an offer on a property:

• What other homes in my price range are currently listed for sale in this community?
• How affordable is this housing compared with other nearby markets?
• Where are schools and other amenities located?
• What age groups are predominant in the community?
• What is the average household income of the residents?
• What is the level of education of the residents?
• What is the employment rate or future job prospects in the community?
• Where can I find more specialized information about this community?

These questions can help you to develop an in-depth community profile. But now that you know what the questions are, where do you go to find the answers? Your local Realtor® is a great point of contact for real estate information, whether its about an entire community, a neighborhood, or even your own street. They can provide you with comprehensive and up-to-date pricing information and housing options in your target market and help you select a community that best suits your family’s needs and lifestyle. If you prefer to web surf for your facts, the answers to these and other home buying questions are just a mouse click away at www.coldwellbanker.com and www.tomflatt.com . There’s a wealth of consumer-friendly buyer tools and resources to help you evaluate and compare properties. You’ll also find thousands of listings from communities across Canada and all around the world.

Why not logon to www.coldwellbanker.com or visit www.tomflatt.com and use our community profile information to your best advantage? And when you decide it’s time for a one-on-one conversation or taking a first-hand look at some property, you can also find contact information on the site to put you in touch me. Call me and let’s talk real estate. You’ll be glad you called me first!

Tom Flatt, Coldwell Banker J. Kazi Realty, Brokerage: Don’t refuse that low offer - Keep negotiating!

2012-01-03T08:30:00.001-08:00

Tom Flatt, Coldwell Banker J. Kazi Realty, Brokerage: Don’t refuse that low offer - Keep negotiating!: Don’t refuse that low offer - Keep negotiating! Receiving an offer to purchase is one of the most emotionally charged events in the entir...

Don’t refuse that low offer - Keep negotiating!

2012-01-03T08:30:00.000-08:00

Don’t refuse that low offer - Keep negotiating!

Receiving an offer to purchase is one of the most emotionally charged events in the entire selling process. Sellers should try to bear this in mind, and make a conscious effort to stand back and take an objective view of the situation. Most Realtor®’s have seen sellers who let their personal attachment to their home cloud their judgment. Their emotional reaction makes them lose sight of the importance of working with an offer, even if its a low one. Sometimes when an offer comes in that is quite low, homeowners take it as a personal insult. They react so strongly that they just refuse the offer out of hand. If you let this happen to you, then you could be missing out.

Even if it looks like you and the potential buyer are very far apart, the important thing to keep in mind is that a serious buyer has made an offer that has opened negotiations. Your goal is to keep them open until you get the results you want.

When considering an offer, bear in mind that prospective buyers usually don’t expect their first offer to be accepted outright. Don’t let your emotions drive your decision. Look at it as a purely business proposition. There are several positive aspects to receiving an offer, even if it’s not what you hoped for. First of all, you’ve made contact with a serious buyer who’s ready to purchase. Secondly, you know the buyer prefers your property over any other in your price range. Don’t slam the door on this prospect. You can keep negotiations going with a counter-offer (or “sign back”). A sign-back doesn’t mean you have to make major concessions to your desired price or terms. Even if you send the offer back with the same terms as your listing, it gives your sales representative one more opportunity to meet with these interested buyers to promote your property, and counter objections. They can also offer creative financing options that might encourage a better offer.

When coming up with a counter offer, its important to keep in mind that other aspects of an offer have value besides price. Even if you can’t move very far from your list price, you may be able to offer other concessions such as including fixtures (lighting, appliances, draperies) or changing your preferred closing date to accommodate the buyer.

Keeping the lines of communication open gives your sales representative a chance to do their job. Want to know more about effective negotiating strategies? Ask your local Realtor®. You’ll be glad you called us first!

Tom Flatt, Coldwell Banker J. Kazi Realty, Brokerage: Putting your best view forward!

2011-12-29T08:33:00.001-08:00

Tom Flatt, Coldwell Banker J. Kazi Realty, Brokerage: Putting your best view forward!: Putting your best view forward When showing your home for sale, it’s not just what buyers see inside that counts. Your Realtor ® will te...

Putting your best view forward!

2011-12-29T08:33:00.000-08:00

Putting your best view forward

When showing your home for sale, it’s not just what buyers see inside that counts. Your Realtor® will tell you that sometimes it’s all about the view. A good view is a strong selling point for any room in the house. A great view makes one property stand out from all the rest. And on the flip side, when the view is poor, even the most attractive décor may not be enough to counteract its negative effects. What’s a homeowner to do?

Here are some easy and affordable tips that may help to improve your outlook:

· If the entire view out a window is undesirable, try frosting the glass with a translucent window film available in most wallpaper or decorating stores. Simply cut it to size, spray soapy water on the glass so you can slide the film around to position it, and then smooth out any air bubbles. That’s all there is to it! And you can remove the film in seconds if you want.

· If there’s a problem in just part of the view, then shutters or blinds offer a great solution. Roman blinds are modern and attractive and you can install them so they will either cover the top or bottom part of the window. Just choose the configuration needed to obscure only the part of the window with the unwelcome view, and enjoy the rest!

· If you’re adding blinds for privacy, consider using a material that will still allow light to enter and give a greater impression of openness.

· Are your neighbours peering into your house? You can tint your windows or use one-way glass to avoid keeping the drapes drawn all day. Talk to your local glass supplier to see how to protect your privacy, yet let sunshine in.

· Is your view obscured by greenery? You can let in the light with some creative landscaping, pruning or even re-locating bushes and shrubbery.

· A simple and affordable way to make the most of a good view is to enhance the effect by positioning a mirror on an opposing wall. This has the added benefit of multiplying the natural light coming into the room.

· If you want to introduce some additional light into your room, but the view is not desirable, you might consider small feature windows or transoms placed high up in the wall. These can flood the room with light and you’ll find yourself looking at sky instead of staring into your neighbour’s kitchen.

· Etched or frosted glass panels in frames can also be hung in front of your clear window panes to draw the eye and break up an undesirable view.

There are many simple and inexpensive solutions to your decorating problems. Ask your Realtor® for their expert advice on how to showcase your home to its best advantage. You’ll be glad you called us first!

Tom Flatt, Coldwell Banker J. Kazi Realty, Brokerage: Ten ways to attract Buyer interest!

2011-12-16T06:24:00.001-08:00

Tom Flatt, Coldwell Banker J. Kazi Realty, Brokerage: Ten ways to attract Buyer interest!: Ten ways to attract Buyer interest In today’s highly competitive real estate market, the key to selling your home is being able to attrac...

Ten ways to attract Buyer interest!

2011-12-16T06:24:00.000-08:00

Ten ways to attract Buyer interest

In today’s highly competitive real estate market, the key to selling your home is being able to attract buyers to your listing. When you’re selling your home, it’s important to remember that you’re in competition with every other similarly priced listing in your area. To win buyers, you need your home to stand out from all the rest. Here’s a Top Ten list of things a seller can do to win buyer interest:

Create ‘curb appeal’ -- Buyers decide whether they like a property within the first few minutes of arrival. Make a great first impression with well trimmed and cared for lawns and walkways. A small investment in new lighting at your front door, an urn planter, a new mailbox or street numbers can all upgrade the look of your home and win big dividends.
Give them a warm welcome - Make the most of those first few critical minutes as buyers enter your home. A foyer or entranceway is typically one of the smallest areas of your house, so upgrading the flooring with hardwood or slate can be a very worthwhile and cost-effective investment. Add a mirror to visually increase the space and clear out shoes and mats.
Let there be light – Create a bright and cheerful atmosphere by opening the blinds and curtains and turn on all the lights for showings. If you have a fireplace, have a fire burning if the weather’s not too warm.
Show you care – Properties that aren’t well maintained send up ‘red flags’ to buyers that larger problems may be lurking beneath the surface. Complete all those minor repairs jobs that you’ve been putting off.
Create space – Buyers want a spacious interior, so do everything you can to create space, even if it means moving several items offsite while you’re showing. Send those extra chairs to Mom’s for now or rent a storage unit.
Depersonalize – You need buyers to picture themselves living in the house, so pack everything that’s distinctly yours, including photos, awards, mementos and religious artifacts. It’s your first step towards moving out.
Appeal to all the senses – Some of the strongest emotional reactions are created by smell, not sight or sound. Before showings, open windows to air out rooms, light scented candles, and put out a bowl of fresh lemons.
Upgrade for maximum impact and return – Kitchens and bathrooms are the most important rooms when selling a house, so they’re the areas where upgrades will likely get the best return on your investment. Even simple changes like new faucets or a lighting fixture can have big impact.
Present a neutral interior – A fresh coat of paint is always a good idea. Choose pale, neutral colors that won’t clash with a buyer’s furnishings.

10. Let the professionals do their job – As your Realtor® will tell you, one of the best ways you can help get your house sold is to leave home when showings are underway. Buyers will be more inclined to linger and ask questions, and it gives your sales representative a chance to counter objections and offer solutions.

Call your Realtor® to learn how to turn interest into offers!

Tom Flatt, Coldwell Banker J. Kazi Realty, Brokerage: First time buyers want ‘turnkey’ ready homes, not ...

2011-12-08T06:12:00.000-08:00

Tom Flatt, Coldwell Banker J. Kazi Realty, Brokerage: First time buyers want ‘turnkey’ ready homes, not ...: First time buyers want ‘turnkey’ ready homes, not ‘fixer uppers’ As a home seller, you may be thinking that a ‘fixer-upper’ property would ...

First time buyers want ‘turnkey’ ready homes, not ‘fixer uppers’

2011-12-08T06:11:00.001-08:00

First time buyers want ‘turnkey’ ready homes, not ‘fixer uppers’

As a home seller, you may be thinking that a ‘fixer-upper’ property would appeal to most first time buyers trying to put their first step on the property ladder. However, according to the results of a recent Coldwell Banker® survey on the preferences of first-time buyers, you’d better think again!

Coldwell Banker recently conducted a survey of real estate brokers and sales professionals across Canada and the U.S. to determine the preferences of first time buyers. The survey findings clearly show that First Time Buyers want a ‘turn key’ property where they can simply move in and start to enjoy living in their new home. These individuals have typically put the majority of their financial power into the down payment. They don’t have large reserves of cash available to start putting more money back into the property on major upgrades and renovations.

In addition, first time buyers are typically just starting out in their career and --especially in the case of single buyers -- have little free time available for house repairs. Bottom line? The less there is to do on your property in the way of repairs or updates, the more appealing it’s going to be to those buyers. In most cases, it’s well worth the investment to do the necessary repairs and finishing before putting your home on the market.

Of course, if you’d like to discuss how any planned repair, upgrade or renovation may affect the potential resale value of your home, your first step should be contacting your local Realtor®. They’re just a phone call away and always ready to talk real estate!

Tom Flatt, Coldwell Banker J. Kazi Realty, Brokerage: Seven home Staging tips for First-Time HOMEBUYERS

2011-12-03T09:42:00.002-08:00

Tom Flatt, Coldwell Banker J. Kazi Realty, Brokerage: Seven home Staging tips for First-Time HOMEBUYERS: Seven home Staging tips for First-Time hOMEBUYERS When it comes to staging a home for sale, it’s important that sellers create an inviting a...

Seven home Staging tips for First-Time HOMEBUYERS

2011-12-03T09:42:00.001-08:00

Seven home Staging tips for First-Time hOMEBUYERS

When it comes to staging a home for sale, it’s important that sellers create an inviting atmosphere that will appeal to as many potential buyers as possible. Today, due to historically low interest rates and government incentives such as the Land Transfer Tax rebate plus money for energy updates to homes (furnace, insulation, windows, etc.), first-time buyers account for a substantial portion of Canada’s home buying prospects. The good news is, sellers looking to attract this coveted demographic group don’t need to do a complete design overhaul. Staging a home for first-time homebuyers is easier than you may think.
Below are seven simple staging tips from me to help boost a home’s appeal and give owners the competitive edge necessary when selling a home.

· Stage rooms with one purpose. Extra rooms that have a jumble of mixed uses can confuse and even deter first-time homebuyers. Staging rooms with one purpose is vital. Keep in mind that these buyers are generally young couples with few or no children, so rooms should be presented as areas well equipped to meet their current needs. So turn those playrooms into dens, storage rooms into a home office or the second kids’ bedroom into a guest room.

· Tackle the easy “do-it-yourself” projects. In a recent Coldwell Banker survey, 81 percent of brokers said today's first-time home buyers consider move-in conditions to be very important when searching for homes. To ensure that a home is in tip top shape, make sure to replace outdated kitchen and bathroom fixtures, apply a fresh coat of paint to a worn wall and refinish the kitchen cabinets. Providing a sleek and modern look wherever possible can make a huge difference in the eyes of first-time homebuyers.

· Be informed about current style trends: Ask your Realtor® about the styles seen in homes that are selling in the area, and purchase a current interior design magazine for ideas.

· Focus on the living areas. A living room is an area in which potential first-time buyers should be able to envision themselves entertaining friends or gathering with their family. With that in mind, homeowners should make the area appear as large and functional as possible by removing any unnecessary furniture and decorations.

· Make sure the master bedroom appeals to both sexes. The master bedroom of a couple’s first home is often the first bedroom they will share. When staging this room, make sure that it appeals to buyers of both sexes. Remove any feature that seems too gender-specific and paint the walls a neutral colour.

· Clear the room of family portraits. First-time homebuyers are looking for a home they can picture their family living in, not the previous owners. I recommend taking down family portraits, personal collections and knickknacks. Removing these items will also eliminate clutter and ensure that people are looking at the house for sale, not at the photos from the last family vacation.

Don’t forget to spruce up the yard. First impressions often play a role in a consumer’s decision-making process. In fact, 21 percent of participants in a recent Coldwell Banker survey knew their home was the one for them before even walking inside. I can attest to that. I was showing a home to a client and as I pulled on to the long driveway I knew it was for me before I even got to the front door. I told my Buyer’s I loved it and they said ‘go for it, were not ready yet.’ Make sure the home’s exterior is inviting by trimming the bushes, mowing the lawn and painting faded window trim. Couples looking for their first home often have less yard work under their belts and will appreciate the seller’s attention to detail.

Tom Flatt, Coldwell Banker J. Kazi Realty, Brokerage: USE HOLIDAY SPIRIT TO SELL YOUR HOME IN THE FESTIV...

2011-11-30T02:10:00.000-08:00

Tom Flatt, Coldwell Banker J. Kazi Realty, Brokerage: USE HOLIDAY SPIRIT TO SELL YOUR HOME IN THE FESTIV...: USE HOLIDAY SPIRIT TO SELL YOUR HOME IN THE FESTIVE SEASON The end of the year is not just about holiday shopping, family gatherings and oth...

USE HOLIDAY SPIRIT TO SELL YOUR HOME IN THE FESTIVE SEASON!

2011-11-30T02:09:00.001-08:00

USE HOLIDAY SPIRIT TO SELL YOUR HOME IN THE FESTIVE SEASON

The end of the year is not just about holiday shopping, family gatherings and other festive events. Despite the demands of the holiday season, there are still many people who will want to use the time off to view homes with a thought to starting the New Year in a new home. If your home is for sale during the festive season, don’t stop showings and go into ‘hiatus’ until mid-January. Instead, make the most of the warmth and festive appeal of a home that’s decorated for the holidays, and keep showing while other sellers – your competition -- may be out of action!
I offer the following tips to help sellers maximize their home’s charm and allure during the festive season and into the New Year:
Increase Curb Appeal: First impressions are critical. Make sure the snow is cleared from walkways and driveway, and ensure the path to the stairs is free of ice. Put up a few exterior holiday lights and decorations to display seasonal tidings and pride in ownership. Do not overdo the lighting. Keep it tasteful and consistent with the rest of the neighbourhood. Turn on the lights for showings, even if its still daylight. After all, it may be getting dark by the time your viewers leave. A holiday welcome mat outside the front door is also an inviting touch.
Keep the House Warm and Welcoming: December and January can be cold, so make sure the home is warm and cozy. If your home has a fireplace, light a fire to bring the room to life and enhance the ambience. Bake holiday cookies or treats to give the home an enticing aroma.
Decorate the Interior: Its important not to overwhelm home shoppers with dramatic displays of holiday cheer, so be conservative with holiday decorations. Decorate to accentuate the house, not to cover it. Tasteful decorations will help connect buyers to the home, remind them of pleasant memories and help them imagine their own holiday celebrations there.
Agree on Showing Times & Procedures: On a more practical note, sellers who are entertaining over the holidays should talk to their Realtor® about ‘off limits’ times and discuss removing the lock box except during designated appointment times. The MLS information may need to be changed to let the buyers’ sales representatives know that there is a temporary showing procedure that requires them to call in advance for an appointment. It is best if the house is not shown when entertaining family and friends.
Want more great tips on how to maximize your home’s selling potential into the New Year? Contact your Realtor®, and get ready to start the New Year off right!

Tom Flatt, Coldwell Banker J. Kazi Realty, Brokerage: Men vs. Women: Who ‘wears the pants’ in the home b...

2011-11-21T11:33:00.002-08:00

Tom Flatt, Coldwell Banker J. Kazi Realty, Brokerage: Men vs. Women: Who ‘wears the pants’ in the home b...: Men vs. Women: Who ‘wears the pants’ in the home buying process? It seems when it comes to home buying, there are some definite differences...

Men vs. Women: Who ‘wears the pants’ in the home buying process?

2011-11-21T11:33:00.001-08:00

Men vs. Women: Who ‘wears the pants’ in the home buying process?

It seems when it comes to home buying, there are some definite differences between how men vs. women approach the process. Coldwell Banker® has just released the findings of their latest consumer survey tracking the gender preferences of more than a thousand home buyers. Here are some highlights of the survey findings:

Women may be inclined to make up their mind more quickly than men …

When asked how long it took before they knew their home was “right” for them, almost 70 percent of women had made up their mind the day they walked into the house, vs. 62 percent of men.
Significantly more men needed two or more visits: (32 percent vs. 23 percent of women).

Women would rather live closer to their extended family than to their job …

55 percent of women find it more important to be closer to their extended family (those that do not live in their household) than to their job, compared to only 37 percent of men.

A home’s security is a deal-breaker for both men and women …

· 64 percent of women said if they found the home of their dreams but had concerns about its security, they’d no longer be interested. More than half of men agreed (51 percent).

Couples say that no one “wears the pants in the relationship” in terms of major financial decisions …

· When asked who wears the pants in the relationship (when it comes to major financial decisions, such as purchasing a home), almost 70 percent of respondents living with their significant other said it’s actually mutual.

Men and women tend to agree on how they would use a spare room …

When asked how they would use an extra 12 x 12 room if it could be anything they wanted, men and women agreed on the top three most popular, and very practical, responses:

· Bedroom: 25 percent

· Office/Study: 15 percent

· Family Room / Den: 11 percent

Did any of these findings sound like you? Whether you find yourself in the mainstream, or you’ve got your own distinct preferences, rest assured that your local Realtor® will listen to your needs and be there to help throughout the real estate process.

Tom Flatt, Coldwell Banker J. Kazi Realty, Brokerage: Don’t try to time the market. Know when your timi...

2011-11-11T03:31:00.000-08:00

Tom Flatt, Coldwell Banker J. Kazi Realty, Brokerage: Don’t try to time the market. Know when your timi...: Don’t try to time the market. Know when your timing is right In today’s changing market, many Canadians are wondering whether it’s still...

Don’t try to time the market. Know when your timing is right

2011-11-11T03:30:00.001-08:00

Don’t try to time the market. Know when your timing is right

In today’s changing market, many Canadians are wondering whether it’s still a good time to buy or sell a home. The truth of the matter is, there’s no one right answer to that question. The real question to ask is whether it’s the right time for you.

Don’t make the mistake of trying to time the market. If you’re buying a home, you need to determine the costs vs. the expected return, and then decide if that situation will likely improve if you wait. With today’s historically low interest rates, the cost of carrying a home is now very affordable. Your local Realtor® real estate professional can help you estimate what your expected mortgage, taxes, utilities and other carrying costs will be after your down payment. First time buyers may even find that their carrying costs are comparable to rent. And bear in mind that you can lock in your mortgage rate now to keep your costs low, even when interest rates inevitably start to move higher.

In most cases, a simple calculation will tell you that you have a lot to lose by waiting. The higher carrying costs if mortgage rates go up and the lost equity you might have been building could be significant if you decide to wait. First time buyers waiting to save for a larger down payment could find this especially true when you consider that you still have to pay rent while you’re saving for a home.

If you already own a home and want to sell it to buy another, then you’ve got both ends of the transaction to consider. Don’t lose sight of the fact that it’s the difference between the prices of the two properties that’s your primary concern. You need to focus on whether you can afford the additional expense of the new property over that of your present home. Again, here’s where your Realtor® comes in -- estimating the proceeds of the sale of your existing home, providing helpful advice on how to keep your carrying costs low for your next home, and helping you lock in a great mortgage rate before you buy.

So, if you think the time may be right for you and your family to make a move, just consider the high cost of waiting and talk to your local professional for their expert advice. Instead of trying to time the market, make an informed decision that’s right for you and your family.

Tom Flatt, Coldwell Banker J. Kazi Realty, Brokerage: Going Green is a growing trend in real estate.

2011-11-09T02:03:00.000-08:00

Tom Flatt, Coldwell Banker J. Kazi Realty, Brokerage: Going Green is a growing trend in real estate.: ‘Going green’ is a growing trend in real estate Until recently, the term “greenhouse” meant a building made of glass, where plants are cult...

Going Green is a growing trend in real estate.

2011-11-09T02:02:00.001-08:00

‘Going green’ is a growing trend in real estate
Until recently, the term “greenhouse” meant a building made of glass, where plants are cultivated. But for today’s prospective homebuyer, the terms “green” and “house” can conjure up very different meanings—that of a home that uses sustainable building materials and energy efficient design. And now, according to the Canadian Real Estate Association (CREA), the growing green housing movement is significantly changing how property is marketed and managed.
In a global friendly (Source: BCREA, January 2009).
As you might expect with a newly-emerging field, right now there is little consistency or standardization amongst the various degrees of ‘greenness” within a market. There is already a growing demand for some type of consistency which will make it easier for property developers and building owners to monitor and compare the energy performance of their buildings. But when it comes to individual homeowners—that is not so easy.
Consumers looking to purchase eco-friendly homes have limited options to obtain detailed information on the green aspects of a home, often relying on the information provided by the current homeowner which may or may not be accurate. So, while going green is good for consumers and for our planet, this is another area where homebuyers can benefit from the advice of real estate industry professionals. Whether it’s a professional home inspector or your local Realtor®, they can point out aspects of a home that will help save you money on your energy costs. And if you plan on selling, talk to your Realtor® about how to showcase the ‘green’ features in your home to appeal to today’s eco-conscious consumer.
shift towards ‘eco-friendly’ housing, people are now recognizing that a green building is efficient, and this efficiency has real economic, as well as social and environmental value. No longer is ‘green’ housing just a trendy buzzword. It is quickly becoming a measurable standard throughout the world. For building construction, organizations in the UK, the US and Australia have agreed to cooperate and develop common metrics for measuring CO₂ emissions. These leading green building ratings are now available internationally for measuring the environmental sustainability of new and existing homes and buildings.
Here in Canada, the movement towards going green is growing exponentially, especially in British Columbia and the Atlantic provinces, says CREA. Recent findings show that about one out of three BC residents has already taken steps to make their homes more environmentally

Tom Flatt, Coldwell Banker J. Kazi Realty, Brokerage: See the value in today's real estate market!

2011-11-03T06:41:00.001-07:00

Tom Flatt, Coldwell Banker J. Kazi Realty, Brokerage: See the value in today's real estate market!: See the value in today’s real estate market There is great value in today’s real estate market for several good reasons. There’s good inv...

See the value in today's real estate market!

2011-11-03T06:41:00.000-07:00

See the value in today’s real estate market

There is great value in today’s real estate market for several good reasons. There’s good inventory to choose from, interest rates are at historically low levels, and lower prices in some markets have led to the best home affordability seen in Canada in many years. But despite all this, some consumers are still just sitting on the fence, waiting to time the market. This can prove to be a costly mistake. Consumer need to be aware that their best opportunity may just be right here and now.

A good way to evaluate opportunity is to stop thinking short-term numbers and start thinking long-term value. In most of the markets across Canada, this is one of the best times ever to buy a home. Yet today, some members of the media are barraging the public with headlines about how much sales activity or house values have fallen since the previous period. They rarely mention the fact that they are comparing today’s results against unprecedented record-breaking highs. They focus on provocative headlines about short terms results that can instill fear in the home buying public. These same articles say very little about the long-term benefits of owning your own home, including freedom and pride of ownership, or building equity as you pay for shelter, rather than putting your investment in a landlord’s pocket. They do not tell the story of how the vast majority of homeowners in Canada have enjoyed appreciation – sometimes record appreciation -- in the value of their home overall. And in many cases, they’ve built equity even if they have only owned their home for just a few short years. This is a message that consumers need to hear.

Perhaps the simplest way to assess the value of buying your own home is by asking those people who have already done it. Talk to family and friends who bought a home whether they still think it was a good decision. Chances are they’ll confirm what savvy real estate investors already know – buying a home is a great investment. What’s more, this is a great time to buy, so why not take advantage of the opportunity?

Your local Realtor® has been armed with an impressive array of tools and resources to help you do just that. After a one-on-one conversation, we hope you’ll agree that no other real estate brand prepares you so well to take advantage of the opportunities in today’s market. Why not call us soon and let’s talk real estate!

Tom Flatt, Coldwell Banker J. Kazi Realty, Brokerage: What’s selling and what’s not?

2011-10-24T08:01:00.001-07:00

Tom Flatt, Coldwell Banker J. Kazi Realty, Brokerage: What’s selling and what’s not?: What’s selling and what’s not? In today’s challenging real estate market, people are full of questions about the real estate market. As y...

What’s selling and what’s not?

2011-10-24T08:01:00.000-07:00

What’s selling and what’s not?

In today’s challenging real estate market, people are full of questions about the real estate market. As your local Realtor® will tell you, one of the first questions most consumers ask is ‘What’s selling these days?’

If you’re thinking of selling, you’ll be pleased to know that homes are selling when they’re well-prepared for sale and priced right. The reason is because people buy and sell homes for lifestyle reasons. Births, marriages, new jobs, retirement and other demographic factors all drive the market, even in times of economic downturn. However, in today’s increasingly competitive market, you need the advice of a full-service professional, who knows market conditions and a home’s competition and can use this critical information in readying your home for sale.

In today’s market, successful sellers are those who have become more realistic in setting their asking price. They understand that a home isn’t a winning lottery ticket; it’s a place to raise a family and build equity over time. Your local Realtor® can give you the straight facts on what comparable homes are selling for right now in your market. They can show you actual sales activity so you know what prices the market will bear. They can also talk to you about time on market, and let you see for yourself what’s not moving. They can also answer the all-important question of why it’s not moving.

Make no mistake, prospective buyers are out there. They’re recognizing that there is tremendous value in today’s market as lowered mortgage rates and adjusting prices have resulted in some of the best home affordability we’ve seen in many years. It’s just a matter of knowing how to create a pricing and marketing strategy that will maximize your chances to attract buyers and win offers.

If you’re thinking of selling, why not talk to your local Realtor®. Together, you can develop a strategy to get you a great result. Then the next time someone asks what’s selling in your neighbourhood, the answer will be – your house!

Tom Flatt, Coldwell Banker J. Kazi Realty, Brokerage: Let real estate help with college expenses

2011-10-18T03:00:00.000-07:00

Tom Flatt, Coldwell Banker J. Kazi Realty, Brokerage: Let real estate help with college expenses: Let real estate help with college expenses Many Canadian parents who have a son or daughter going away to college this fall, are already th...

Let real estate help with college expenses

2011-10-18T02:59:00.001-07:00

Let real estate help with college expenses

Many Canadian parents who have a son or daughter going away to college this fall, are already thinking about all the expenses this will involve. While there may not be much that most parents can do about the high cost of tuition, books or travel, there’s one major college expense that you may be able to turn to your advantage. Rather than paying rent at a student residence for three or four years, you could buy a rental property and turn that expense into a source of income. If you buy a property near the campus, you could rent rooms to other students and your child could potentially live there rent free. With financing rates at near historic lows, it’s a great time to invest in real estate. If you buy smart, you may be able to recover all or most of the cost of your child’s college housing expense. You might even be able to generate enough positive revenue to offset some of the other expenses of a college education. Best of all, if house prices continue their upward climb, in just a few years you could potentially realize a profit on the equity you have built up in the property.

Whether your real estate needs are nearby or in another community, you can start the process right there at home. Your Realtor® real estate professional can counsel you on what to look for and what to avoid. I have several unique research resources to help you in your search, including the Home Price Comparison analysis I can complete. Through my connections in the financial sector, I can even help you pre-qualify for a mortgage, so you’ll know in advance exactly how much house you can afford. And when you’re ready to start looking, they can personally show you properties near at hand, or if you’re looking for a property out of town, they can put you in touch with an experienced real estate professional who’ll show you suitable properties in your target area.

Why not take advantage of the opportunities that are available in today’s market and use it to help offset the high cost of a college education? If you’d like to talk about your options, your local Realtor® is just a phone call away. It could be the most important call you’ll ever make!

Tom Flatt, Coldwell Banker J. Kazi Realty, Brokerage: Canadian real estate forecasts upgraded

2011-10-15T08:15:00.000-07:00

Tom Flatt, Coldwell Banker J. Kazi Realty, Brokerage: Canadian real estate forecasts upgraded: Canadian real estate forecasts upgraded Canada ’s real estate market continues to make a strong showing. Recently, industry forecasts fo...

Canadian real estate forecasts upgraded

2011-10-15T08:14:00.001-07:00

Canadian real estate forecasts upgraded

Canada

’s real estate market continues to make a strong showing. Recently, industry forecasts for the national housing market were slightly upgraded. On August 16, The Canadian Real Estate Association (CREA) revised its forecasts upward for 2011 and 2012. National sales activity is forecast to reach 450,800 units in 2011, edging just slightly higher than the sales levels 2010. Sales in 2012 are forecast to stay at similar levels, easing just seven tenths of a percentage point to 447,700 units next year.

According to CREA, additional new listings are expected to result in a more balanced resale housing market in most provinces. The national average home price in Canada is forecast to rise 7.2 per cent overall in 2011 to $363,500. However, prices are expected to moderate in the second half of this year. The national average is forecast to stabilize in 2012, although at a slightly higher level than previously expected.

Of course, that’s just an overview of the national scene. It’s important to remember that real estate is, and always will be, a local business. Prices can vary dramatically within a community. Even from street to street. That’s why it’s so important to talk to your local Realtor® real estate professional, to help you understand the market and make smart decisions.

Tom Flatt, Coldwell Banker J. Kazi Realty, Brokerage: Canadians believe buying a home is a good investme...

2011-10-13T11:44:00.000-07:00

Tom Flatt, Coldwell Banker J. Kazi Realty, Brokerage: Canadians believe buying a home is a good investme...: Canadians believe buying a home is a good investment On September 7, 2011 , the Bank of Canada again held interest rates at near-historic l...

Tom Flatt, Coldwell Banker J. Kazi Realty, Brokerage: Canadians believe buying a home is a good investme...

2011-10-13T10:41:00.001-07:00

Canadians believe buying a home is a good investment

2011-10-13T10:41:00.000-07:00

Canadians believe buying a home is a good investment

On September 7, 2011, the Bank of Canada again held interest rates at near-historic lows, maintaining the overnight rate at 1%. The ready availability of affordable financing continues to attract home buyers, including new buyers who are entering the market for the very first time.

It’s really not all that surprising that Canada’s housing market is going strong. The demand is there. Canadians firmly believe that buying a home is a good investment. According to the CMHC (Canadian Mortgage and Housing Corporation) 2011 Consumer Survey, the vast majority of recent homebuyers (a whopping 86%) agree that homeownership is a good long-term investment. This view was shared by respondents in all regions of Canada.

With interest rates still at near-historic lows, for many people this is a good time to buy a home, especially if you have the financial viability and a lifestyle need to move. However, real estate should be seen as a long term investment that adds to the quality of life for you and your family. It’s not a get-rich-quick scheme or a winning lottery ticket. Prices are forecast to moderate and stabilize through 2012, so those looking for a fast return from a ‘quick flip’ could be disappointed.

Some of the area major banks have raised rates or are warning about raising rates and several Lender's are offering to hold rates at current levels for months if applications are in before rate hikes. Get pre-approved. I have a list of great Lender's ready to help.

Even looking long term, investing in real estate is not for everyone. That’s why it’s important to get some expert advice from your local Realtor®.

Tom Flatt, Coldwell Banker J. Kazi Realty, Brokerage: What’s worth renovating?

2011-10-11T07:32:00.000-07:00

Tom Flatt, Coldwell Banker J. Kazi Realty, Brokerage: What’s worth renovating?: What’s worth renovating? One of the questions most frequently asked by homeowners considering a renovation is “What’s worth doing?” Wel...

What’s worth renovating?

2011-10-11T07:31:00.001-07:00

What’s worth renovating?

One of the questions most frequently asked by homeowners considering a renovation is “What’s worth doing?” Well, the answer isn’t a simple one, because it all depends on what you want to get out of it. Is your purpose primarily to improve your property value, or increase your enjoyment of your home, or a combination of the two?

If you’re thinking primarily of increasing your home’s resale value, you should be aware that the cost of professional improvements to a home will very often not be recovered in a corresponding increase in your property’s value. A home’s list price is essentially a reflection of the demand from buyers for a home’s features and location. Just because you’ve invested a certain amount of money in your home renovation doesn’t necessarily translate into adding that same figure onto your potential resale price. However, if you’re doing some of the work yourself, there’s a far better chance that you can recoup the costs of your improvement.

Generally, the areas to focus on in terms of increasing your resale value are the kitchen and bathrooms, since these are the critical areas that frequently are deciding factors in buying a home. However, even in these areas, make sure your improvements are limited to what’s clearly visible in a quick walk-through. New cabinets, counters, or fixtures will all win points, but upgraded plumbing is an expensive undertaking that will add little to the overall appeal of your home. Prospective buyers will expect reliable plumbing as a “given”, and will not be willing to pay a premium to get it. Why not get some expert advice in this area from your Realtor®? Even if you’re not planning on selling just yet, your Realtor® would be happy to talk to you to confirm what features are in demand by buyers in your area, and to counsel you on where you can concentrate your resources to get a good return.

If you’re planning on a renovation primarily to enhance your family’s enjoyment of your current home, you’ve never picked a better time to do it. The cost of financing a renovation is very affordable, with interest rates at a forty-year low. Basically, you can focus on what would please your family, but do keep in mind that you will eventually still want to sell that home, and some improvements can actually reduce your chances of future resale. If it’s a toss-up between a couple of potential renovations, you should lean towards the one that will be the most appealing to the maximum number of buyers in the future. For example, a home theatre or media room is a current trend that would be enjoyed by just about anyone. On the other hand, a swimming pool can be costly to heat and time-consuming to maintain, so many buyers would not want to even consider a home with a pool. Again, why not have a chat with your Realtor®? They’ll be happy to give you the benefit of their experience, and help you decide what’s worth renovating in your home.

Tom Flatt, Coldwell Banker J. Kazi Realty, Brokerage: How Much Home Can You Afford? (Closing and Moving ...

2011-10-06T07:02:00.000-07:00

Tom Flatt, Coldwell Banker J. Kazi Realty, Brokerage: How Much Home Can You Afford? (Closing and Moving ...: How Much Home Can You Afford? Part Two – Closing Costs and Moving Expenses After you’ve estimated your mortgage payment and other ongoing c...

How Much Home Can You Afford? (Closing and Moving Costs)

2011-10-06T07:01:00.001-07:00

How Much Home Can You Afford?

Part Two – Closing Costs and Moving Expenses

After you’ve estimated your mortgage payment and other ongoing costs for carrying your first home, you’ll also need to consider the one-time expenses associated with the purchase of a property. This includes your closing costs, as well as your moving expenses.

Be aware that there is no set rule for what’s included in closing costs, or how they’re calculated. Closing costs can vary significantly from property to property, but may include home inspection fees, appraisal fees, title search, survey costs, home insurance and lawyer’s fees. Some of these costs may be shared with the seller, while others are payable by the buyer only. Your Realtor® can give you helpful advice about specifying a cost-sharing agreement for some of these related costs within your offer to purchase.

You will also be required to reimburse the seller for a proportionate share of specific housing expenses that have been pre-paid by the seller and continue after your closing date. These pre-paid expenses usually include property taxes and utilities, and the amount is typically equivalent to only a few months service. Your real estate lawyer will give you an exact accounting of these expenses upon closing, so be sure to discuss this with your lawyer in advance, so you will have sufficient funds available to cover these costs at that time. After these one-time adjustments are made, and the transfer of ownership is completed, you will pay for such expenses directly in future.

In addition, you’ll also have to budget for your relocation costs. This could include such costs as a moving company truck and labor, packing charges, boxes and wrapping materials, or rental of a vehicle or trailer if you’re doing all or part of the move on your own. There can be a wide variation of costs for these types of services, so you should start planning well in advance, and obtain comparative quotes from more than one mover. Get the quotes in writing and ensure that all the required equipment, staffing and materials are documented. Ask the provider to specify what charges may apply if your move does not proceed on schedule. Be sure to read all the fine print carefully, so you understand upfront what other charges, such as waiting time, or a late return charge you might incur that are not planned for in the initial quote.

Your Realtor® can be a valuable resource here too. Not only can they help you estimate carrying and closing costs, they can also recommend experienced and trusted service providers to help you keep the cost of moving and home ownership affordable and keep your move hassle free.

Tom Flatt, Coldwell Banker J. Kazi Realty, Brokerage: How Much Home Can You Afford? (Budgeting your Carr...

2011-10-04T06:13:00.000-07:00

Tom Flatt, Coldwell Banker J. Kazi Realty, Brokerage: How Much Home Can You Afford? (Budgeting your Carr...: How Much Home Can You Afford? Part One - Budgeting your Carrying Costs Finding the right property at an affordable price can sometimes be ...

How Much Home Can You Afford? (Budgeting your Carrying Costs

2011-10-04T06:12:00.000-07:00

How Much Home Can You Afford?

Part One - Budgeting your Carrying Costs

Finding the right property at an affordable price can sometimes be a challenge. When it comes to deciding just how much home you can afford, there are two kinds of expenses you’ll need to consider – the ongoing or ‘carrying’ costs of the home, and your closing costs.

The first step in determining your carrying costs is to get pre-approved for a mortgage. By pre-qualifying for a mortgage, you can find out up front what your maximum mortgage payment might be, even before your home search begins. Your lender will look at your earnings, credit history and any outstanding debt, and help you determine what size loan you qualify for, at what rate, and what your regular mortgage payments would be. Being pre-qualified offers another advantage, since it puts you in a stronger negotiating position when you go into an offer with pre-approved financing.

Once you’re pre-approved, the next step is determining what you actually want to spend on your mortgage payments. Remember, your pre-approved mortgage establishes the maximum amount of loan you’d qualify for, but you may decide that you want to aim at a smaller loan, with a lower payment.

Be realistic and think about your lifestyle. Although it may seem feasible to handle a sizable mortgage payment at first, keeping it up may eventually require cutting back on other expenses, such as clothing, or entertainment. Make sure that if you plan to make any concessions in these areas, you’re prepared to live with your decision until there’s a change in your income. Owning a home can give you a tremendous amount of pleasure and personal satisfaction, as long as you plan for adequate resources to enjoy it with some peace of mind.

With your estimated mortgage payment in mind, the next step is to determine your total carrying costs. Add up all your estimated monthly costs, such as the mortgage payment, property taxes, insurance, heating costs and other utilities. Then add a figure to cover yearly maintenance and upkeep. Consider both the interior and exterior of the house, as well as the garage, driveway, landscaping and all other aspects of the property when you arrive at this figure.

When preparing your budget, be sure that you also make allowance for a “contingency fund” to cover unexpected expenses such as a major repair or the replacement of a large ticket item, such as an appliance. Life sometimes has a way of surprising us, and you don’t want to start out with a budget that’s so tight, there’s no room for the unexpected.

Tom Flatt, Coldwell Banker J. Kazi Realty, Brokerage: Home Energy Saving Ideas

2011-10-01T01:53:00.000-07:00

Tom Flatt, Coldwell Banker J. Kazi Realty, Brokerage: Home Energy Saving Ideas: Home Energy Saving Ideas Energy costs can take a big bite out of any homeowner’s budget, so you need to know how to be energy-wise. Here a...

Home Energy Saving Ideas

2011-10-01T01:52:00.000-07:00

Home Energy Saving Ideas

Energy costs can take a big bite out of any homeowner’s budget, so you need to know how to be energy-wise. Here are a few quick and easy ways to cut your energy bills with a minimum of time and effort.

One of the biggest energy expenses is your home heating bill, so let’s start there. You can significantly reduce your energy costs by installing a thermostat with an automatic timer that allows you to set the temperature back by a few degrees at bedtime, and returns the temperature to a more comfortable level before you get up. After all, why heat the whole house, when an extra quilt will keep you toasty and warm for a lot less money? On the flip side, when the temperatures ramp up, pre-set timers can reduce air conditioning costs too.

Similarly, if you have a room that isn’t used every day, such as a guest room or workshop, consider shutting the air register, and closing the door until you plan to use the space. Your furnace or air conditioning system won’t have to work so hard and you’ll pocket the savings while the rest of your home environment stays in the comfort zone.

You can also reduce the effect of ambient solar heating in summer and heat loss in winter with lined draperies or installing window blinds. Adding weather-stripping to seal drafts around doors can also result in big energy savings.

Insulation is an energy saver that works hard for you all year long. A one-time investment keeps your home cooler in summer and warmer in winter and the cost of installation can be recaptured in energy savings. Many local utilities and government bodies offer special incentives or rebates to help offset the cost of energy-saving improvements, so be sure to investigate what options are available in your market. Your Realtor® may also be a helpful source of information about local programs and access to Energy Audit Professionals.

Old appliances may also be draining more power than you might think. Did you know that a refrigerator is one the biggest energy users in the house? So, if you have an old appliance that needs repair, don’t just look at the cost of fixing it, also think about how much energy it uses. Today’s newer appliances are far more energy efficient than their predecessors, so buying used appliances or repairing an old unit may not be the bargain that you think it is!

Tom Flatt, Coldwell Banker J. Kazi Realty, Brokerage: Easing the Cost of Home Ownership

2011-09-29T10:25:00.001-07:00

Tom Flatt, Coldwell Banker J. Kazi Realty, Brokerage: Easing the Cost of Home Ownership: Easing the Cost of Home Ownership Even with today’s very affordable mortgage rates, the real estate market can still present a challenge to...

Easing the Cost of Home Ownership

2011-09-29T10:25:00.000-07:00

Easing the Cost of Home Ownership

Even with today’s very affordable mortgage rates, the real estate market can still present a challenge to many people wanting to step onto the property ladder. First-time buyers in particular are finding they have to make adjustments as they plan for their dream of home ownership. Some young people are staying at home longer in order to save for a down payment. Other would-be homebuyers are scaling down their expectations, while still others are choosing a home with a rental unit to help with mortgage payments.

There are some other creative alternatives available to help First Time Buyers start to build some equity in the real estate market that entail multiple ownership of the same property. One option that may be of interest to family groups or close friends is the joint purchase of a multiple-unit dwelling, such as a duplex. Such a property might be jointly purchased by two groups of buyers, with each family occupying one of the property’s units.

The duplex approach can work well in situations where young people plan to marry, leaving their parents as “empty nesters”. In this scenario, the family home is sold, with the parents buying one unit of a new duplex outright, and then banking their surplus funds, perhaps for retirement. The younger generation then assumes the more manageable mortgage payments on the remaining half of the property. In this way, they can start to build equity immediately, without having to come up with a large down payment, or taking on a big mortgage.

In less formal arrangements, two couples may elect to jointly buy one single-family residence and share all the living space. This can sometimes be a stressful situation, and the best chance for success is usually when there is a family relationship between the two couples, such two siblings with their spouses, where there is already some history of living together in a shared space.

Whatever method you choose to ease the cost of homeownership, the most important thing to remember is to get all the details worked out before you buy. Everyone involved in the purchase should agree on all sub-lease and re-sale provisions “up front”, and in writing. For example, can one party move out and sublet their living space to someone else? Also, what happens when someone wants to sell? Does one party have the right to buy out the other’s interest? If so, how will a fair price be determined? And how long will the other party have to come up with the funds? Or, is the property simply put on the market with all parties sharing the proceeds?

In addition to the terms of ownership, the ongoing care of the property should also be considered. Who will be responsible for the ongoing maintenance of the property? What services such as landscaping or snow removal will be contracted out to service providers, and how will this cost be shared? How will the cost of major repairs be handled?

Remember, when you’re thinking of creative ways to ease the cost of owning a home, talk it over first with the expert. Tell your real estate salesperson all about your plans, so they can ensure that you are shown homes that conform to the appropriate zoning and municipal by-laws. Best of all, your Realtor® may be able to suggest options that you’d never considered, and help you make your home ownership dream a reality.

Tom Flatt, Coldwell Banker J. Kazi Realty, Brokerage: To Buy or Rent-that is the question!

2011-09-27T18:03:00.001-07:00

Tom Flatt, Coldwell Banker J. Kazi Realty, Brokerage: To Buy or Rent-that is the question!: To Buy or Rent – that is the question! For a lot of people, the number one reason they choose to rent versus buy their own home is their ...

To Buy or Rent-that is the question!

2011-09-27T18:03:00.000-07:00

To Buy or Rent – that is the question!

For a lot of people, the number one reason they choose to rent versus buy their own home is their fear of signing their name to a long-term mortgage agreement. But let’s face it – very few of us can go through life without paying for our place of residence in one form or another. In that sense, you’ve already made a commitment to a fixed schedule of payments for housing -- whether it’s in the form of a mortgage or a rental lease. In actual fact, one of the major advantages of a mortgage agreement is that it usually covers a longer time period than a lease -- which can work in your favor. Since no one can guarantee what your rental payments may be two or even five years down the road, your mortgage agreement actually protects you from the increases – compounding annually -- you can often encounter when you rent.

Nevertheless, some people are still intimidated by the total debt that a mortgage agreement represents. Yet if you added up all the rental payments you could expect to pay over an extended period of time, you may find that going the mortgage route is actually the more affordable of the two options. With today’s relatively low mortgage rates, and creative financing options, the cost of carrying a home may be lower than what you might expect. Your Realtor® can show you how owning your own home may be more affordable than you ever imagined.

While making mortgage payments may actually be more affordable than paying rental costs, let’s not lose sight of the biggest financial benefit of buying a home.

The simple fact of the matter is, when you rent, you’re slowly but surely building someone else’s ownership equity in the property. On the other hand, when you buy a home, a portion of your mortgage payment is building personal equity for you. And if sometime in the future, you decide to sell, that equity is something you’ll take with you as you make your next move.

Lastly, let’s not forget the creative freedom and pride of ownership that comes with owning your own property. When you buy, you decide the extent of home improvements, and decor changes you want to make. You decide on color schemes and where you want to build that bookcase. Maybe best of all, you gain the equity that those improvements add to your home. Spending money to improve a rental property just puts value in someone else’s pocket.

If you’re tired of paying off someone else’s home for them, talk to your Realtor® for a no obligation consultation and find out how to make your dream of home ownership a reality.

Tom Flatt, Coldwell Banker J. Kazi Realty, Brokerage: Tips for a Smooth Move

2011-09-25T03:09:00.000-07:00

Tom Flatt, Coldwell Banker J. Kazi Realty, Brokerage: Tips for a Smooth Move: Tips for a Smooth Move To paraphrase an old real estate saying – the three most important factors for a stress-free move are: planning, pla...

Tips for a Smooth Move

2011-09-25T03:08:00.001-07:00

Tips for a Smooth Move

To paraphrase an old real estate saying – the three most important factors for a stress-free move are: planning, planning, and more planning. Plan your move at least one month in advance. Set up an expense log, and start lining up your suppliers – movers, storage companies, delivery of new appliances or furniture. Don’t forget painters, carpet installers and other services working on your new house prior to your move-in date.

Now is the time to minimize the number of items you have to move. Discard unwanted items, hold a garage sale, and collect boxes. Notify friends, relatives, the post office, and companies you do business with of your change of address. Don’t forget about those companies you might contact only once a year, such as life or car insurance companies.

Contact your real estate lawyer to confirm who will be handling the changeover of various utilities and services. Typically, utilities such as power, gas, water, etc. are handled by your lawyer as part of the final adjustments on the sale’s closing. Other services, particularly cable television, internet and telephone services, you’ll probably be instructed to handle on your own. Try to schedule utilities and service connections before you arrive at your new house – and book your appointments as far out in advance as possible, especially if you plan to move at month end, or you might find yourself on a waiting list.

Make a floor plan of the new house and plan where everything will go. Don’t guess - take measurements of room dimensions and major furniture items and then lay everything out. You don’t want pay movers an hourly rate to move Grandma’s piano four times because it just doesn’t fit! When you’re packing, label boxes clearly by contents and by room, and on moving day, provide movers with a copy of your floor plan so they’ll know exactly where to put the boxes for ‘Johnny’s bedroom’. Remember to provide plastic sheets to protect carpets.

Prepare a list of the items you wish to move personally such as jewelry and precious breakables. Pack your pillows, a set of sheets and blankets, along with your nightclothes, a towel and toiletries to take with you in your car. Then at the end of a long and tiring day, you can get ready for bed without having to sort through 50 boxes. You might also pack a lunch complete with utensils, napkins, condiments, (and perhaps a wine opener?) to enjoy your first meal in your home as a picnic on the living room floor. And if you like a cup of coffee in the morning, you’ll want to pack the coffee maker and all the fixings to take in your car as well.

These little things can add up to a pleasant adventure on moving day, rather than an exercise in frustration for you and your family. Ask your Realtor® for more advice about hassle-free moves. They’ve been through this with hundreds of customers, so they’re the experts!

Haldimand Weather-I confirm that it is raining in Hagersville now

2011-09-23T08:08:00.001-07:00

HaldimandWthr Haldimand Weather

Now overcast 16°C. Wind: NE at 13 km/h. Today chance of storm. Min 10°C. Max 18°C. Tomorrow partly sunny. Min 9°C. Max 21°C.

Haldimand Weather

2011-09-21T06:05:00.001-07:00

HaldimandWthr Haldimand Weather

Now 13°C. Wind: E at 2 km/h. Today chance of rain. Min 13°C. Max 22°C. Tomorrow mostly sunny. Min 11°C. Max 22°C. #HaldimandCounty

Tom Flatt, Coldwell Banker J. Kazi Realty, Brokerage: September Canadian 2011 @Home Newsletter

2011-09-20T13:51:00.000-07:00

http://tomflatt.blogspot.com/2011/09/september-canadian-2011-home-newsletter.html?spref=bl: Sept. Canadian 2011 @HomeNewsletter Canadians believe buying a home is a good investment On September 7, 2011, the Bank of Canada ag...

September Canadian 2011 @Home Newsletter

2011-09-20T13:29:00.000-07:00

Sept. Canadian 2011 @HomeNewsletter
Canadians believe buying a home is a good investment On September 7, 2011, the Bank of Canada again held interest rates at near-historic lows, maintaining the overnight rate at 1%. The ready availability of affordable financing continues to attract home buyers, including new buyers who are entering the market for the very first time.

It’s really not all that surprising that Canada’s housing market is going strong. The demand is there. Canadians firmly believe that buying a home is a good investment. According to the CMHC (Canadian Mortgage and Housing Corporation) 2011 Consumer Survey, the vast majority of recent homebuyers (a whopping 86%) agree that homeownership is a good long-term investment. This view was shared by respondents in all regions of Canada.

With interest rates still at near-historic lows, for many people this is a good time to buy a home, especially if you have the financial viability and a lifestyle need to move. However, real estate should be seen as a long term investment that adds to the quality of life for you and your family. It’s not a get-rich-quick scheme or a winning lottery ticket. Prices are forecast to moderate and stabilize through 2012, so those looking for a fast return from a ‘quick flip’ could be disappointed.

Even looking long term, investing in real estate is not for everyone. That’s why it’s important to get some expert advice from your local Coldwell Banker® real estate professional.

Canadian real estate forecasts upgraded Canada’s real estate market continues to make a strong showing. Recently, industry forecasts for the national housing market were slightly upgraded. On August 16, The Canadian Real Estate Association (CREA) revised its forecasts upward for 2011 and 2012. National sales activity is forecast to reach 450,800 units in 2011, edging just slightly higher than the sales levels 2010. Sales in 2012 are forecast to stay at similar levels, easing just seven tenths of a percentage point to 447,700 units next year.

According to CREA, additional new listings are expected to result in a more balanced resale housing market in most provinces. The national average home price in Canada is forecast to rise 7.2 per cent overall in 2011 to $363,500. However, prices are expected to moderate in the second half of this year. The national average is forecast to stabilize in 2012, although at a slightly higher level than previously expected.

Of course, that’s just an overview of the national scene. It’s important to remember that real estate is, and always will be, a local business. Prices can vary dramatically within a community. Even from street to street. That’s why it’s so important to talk to your local Coldwell Banker® real estate professional, to help you understand the market and make smart decisions.

Tom Flatt, Coldwell Banker J. Kazi Realty, Brokerage: The Value of a Home Inspection-Great Education abo...

2011-09-20T13:09:00.000-07:00

Tom Flatt, Coldwell Banker J. Kazi Realty, Brokerage: The Value of a Home Inspection-Great Education abo...: The Value of a Home Inspection Buying a home is probably the single largest investment you'll ever make, and you want to ensure you get the...

The Value of a Home Inspection-Great Education about your Investment...

2011-09-20T13:08:00.001-07:00

The Value of a Home Inspection

Buying a home is probably the single largest investment you'll ever make, and you want to ensure you get the best value for your hard-earned dollar. That's why more and more buyers today are turning to professional Home Inspections. Prospective home buyers, especially first timers with less experience than a repeat buyer, may not always be able to anticipate potential problems down the line. Here’s where the Home Inspector can help.

A professional Home Inspector takes a close look beneath what’s on the surface, and then prepares a detailed written report for the prospective buyer on what repair and maintenance work is required now, or is likely to arise in the near future, as well as help you estimate how much this work might cost. The Inspector should look at such things as the condition of the foundation, electrical service, roof, insulation, and other structural factors. Your Realtor® can help you connect with an experienced Home Inspection service in your community.

Although costs will vary, you can probably expect to spend a few hundred dollars for an inspection of a single family home. And who pays for it? Well, since the benefit of a home inspection is almost entirely that of the buyer, it’s often the buyer who pays the full cost. However, there’s no set rule, and as with most things in real estate, the cost and who pays for it is negotiable. All things considered, it's a small price to pay for the peace of mind it provides, and the negotiating power it can give you as an informed buyer -- especially if the inspection indicates that there are major repairs required. Under such circumstances, you may still decide to proceed with your offer, but take the cost of the upcoming repairs into consideration when you decide on your offer price.

When it comes to making your offer to purchase, your Realtor® can advise you how to allow for a satisfactory home inspection as a condition of your offer. Provided you can obtain the homeowner’s permission,

a home inspection can be arranged either before your offer is submitted, or after your conditional offer is accepted by the seller. More importantly, you have a legal escape route if the report turns up some major negative surprises, such as a bad roof or a crumbling foundation.

Your Realtor® can counsel you further on the best approach to suit your market and your individual situation.

A Home Inspection is a great education about the investment purchase you are about to make.

Tom Flatt, Coldwell Banker J. Kazi Realty, Brokerage: How to pay off your mortgage quickly

2011-09-18T11:40:00.002-07:00

Tom Flatt, Coldwell Banker J. Kazi Realty, Brokerage: How to pay off your mortgage quickly: How to pay off your mortgage quickly Many financial planners will tell you that one of the best investment strategies you can adopt is to...

How to pay off your mortgage quickly

2011-09-18T11:40:00.001-07:00

How to pay off your mortgage quickly

Many financial planners will tell you that one of the best investment strategies you can adopt is to pay off your mortgage in the shortest time frame possible. Here are a few tips to put your mortgage repayment schedule on the fast track, and with a minimum of hassle and stress.

· Select the most frequent payment option available. By choosing to make your mortgage payment on a bi-weekly, or better still, a weekly basis versus monthly payments, the result is making extra payments every year. Over the life of your mortgage loan, this approach can save you thousands of dollars in interest, and pay off your mortgage years earlier. Best of all, you’ll hardly notice the difference, since you’ll simply be making regular payments.

· Consider a closed mortgage. Getting the lowest rate mortgage available just seems like common sense, yet a great many homeowners choose open mortgages versus the lower rate closed versions. Unless you’re expecting a windfall and are planning to pay off your mortgage before the end of it’s term, closed mortgages may be your best choice. Although you can’t add extra money whenever you wish, most closed mortgages allow for an annual lump sum payment, perhaps ten percent of the loan. Talk to your lender to find out what provisions their closed mortgages offer for repayment. In most cases, you’ll find that the lower rate closed mortgage offers you the best alternative.

· Shop around for mortgages. Gone are the days of “one-stop financial shopping” when people routinely arranged for mortgages at the same place where they did their banking. Your mortgage represents one of the biggest financial commitments of your life, so it pays to do some research and a little comparison shopping. There may also be some financing options available to you that you haven’t even considered. Ask your Realtor® to tell you more.

Lock in rates while they’re at their most affordable. A good way to protect yourself against a potential increase in interest rates is to get pre-qualified for a mortgage, and lock in your interest rate now with your lender. A difference of even a quarter percent in interest can add up to thousands of dollars over the life of a mortgage. Rates are very favorable right now, so why not protect yourself and lock in the current rates while you look for a home, and avoid the risk of paying a higher mortgage payment if rates go up before you close.

Tom Flatt, Coldwell Banker J. Kazi Realty, Brokerage: What makes a good neighbourhood? Location, Locatio...

2011-09-15T05:53:00.002-07:00

Tom Flatt, Coldwell Banker J. Kazi Realty, Brokerage: What makes a good neighbourhood? Location, Locatio...: What makes a good neighbourhood? There’s an old saying that ‘the three most important things in real estate are location, location, locatio...

What makes a good neighbourhood? Location, Location, Location

2011-09-15T05:53:00.001-07:00

What makes a good neighbourhood?

There’s an old saying that ‘the three most important things in real estate are location, location, location. But what makes one community more desirable than another? Often, it’s the visible aspects of the neighbourhood such as pride of ownership in well maintained houses and clean, tree-lined streets. Sometimes it’s the intangibles: a look or feeling you get while driving down a street. When you’re house hunting, it’s important to remember that when you buy a home you’re also buying the neighbourhood.

Your home is probably the single largest investment you’ll ever make. So, it’s wise to buy in an area that is stable and has a good reputation. A community’s reputation is based on many factors, including close proximity to a thriving economic centre. Look for good schools and easy access to public facilities such as libraries, parks and recreation centres. Also consider commute time: how long will it take you to get to work? Remember not to make that decision based on how long it takes to make the drive to view the house, but actually during rush hour. Are you the type of person who doesn’t mind an hour’s drive each way to work? Or do you prefer to take public transit?

Before you purchase a home, it’s a good idea to check with the planning and zoning departments at city hall for proposed developments in the area. If you’re looking for a quiet area away from the hustle and bustle, you’ll want to know if there’s a proposed shopping mall going in at the corner. Or could there be an office tower slated to back up against your backyard?

The resale potential of the neighbourhood is important too. Your Realtor® can create a report for you, showing the properties listed and sold in the area, and discuss the potential for appreciation in property values.

Try to get a sense of the community before you move in. Make several trips to the area you’re considering. Visit on different days of the week at different times of the day and night. Do you like what you see? Do you feel comfortable? Talk to residents—they are a wealth of knowledge about the area amenities and the community spirit. Read a few issues of the local newspaper to get up to date on current initiatives and developments. You might even want to visit the local library or community center to get an overview of what’s going on in the area.

You can rely on your Realtor® to be a fountain of information too. Then, when it comes time to buy your first house, you’ll choose a community where you’ll feel right at home.

tomflatt: Northview Estates, Hagersville-1,249sqft Freehold ...

2011-09-13T07:27:00.000-07:00

tomflatt: Northview Estates, Hagersville-1,249sqft Freehold ...

Northview Estates, Hagersville-1,249sqft Freehold Semi's and Town's

2011-09-13T07:26:00.000-07:00

Open House Times are Noon to 4pm on Sundays excluding holidays.

Virtual Tour and interior unit pictures CLICK HERE!

tomflatt: How to plan for an In-Law Suite?

2011-09-13T06:42:00.000-07:00

tomflatt: How to plan for an In-Law Suite?: How to plan for an In-Law Suite? Today’s home buyers are often young parents, trying to find enough hours in the day to meet all their commi...

How to plan for an In-Law Suite?

2011-09-13T06:41:00.001-07:00

How to plan for an In-Law Suite?

Today’s home buyers are often young parents, trying to find enough hours in the day to meet all their commitments. Many are responding to this challenge by having live-in help assist with childcare and household chores…and that means you’ll probably need an in-law suite. In some cases, you may be one of the fortunate homebuyers who find caregiver accommodations ready-made in your new home. Other homeowners may go with the DIY approach. Here are some helpful hints to keep in mind when planning your space.

An effective in-law suite will be appealing to your caregiver, while at the same time giving you some privacy. The challenge is to do that without putting too much strain on your pocketbook. A good benchmark to help you determine what improvements are worth doing is to measure the cost against the expected lifespan of the expense. For example, putting in a 4-pc bathroom can be costly, and may not be worth doing if you only see it being needed for three or four years until the kids go off to school. In a case like that, rather than adding a full bath, you might consider a compromise of adding a sink and counter to a bed-sitting room, that could later evolve into a den with a wet bar.

On the other hand, if you can see the caregiver’s space being used long-term as a permanent in-law suite or used as additional living space as your family grows, then you’ll probably feel the cost is well worth it. Remember too, the number of bathrooms is an important factor when determining the resale value of your home. If you do it right, you have an excellent chance of re-couping some, if not all, of the expense when the time comes to sell. Your Coldwell Banker sales representative will be glad to advise you on how such improvements may impact a home’s future value.

Privacy and space are important issues with an in-law suite. Your caregiver will probably appreciate a lock on the bedroom door, or at least a cabinet that can be locked. As to decorating, keep it simple. Light colours, mirrors and recessed lighting will all help make a small space seem larger. Keep it bright with extra task lighting, including a reading lamp. Choose inexpensive window treatments such as mini-blinds that let in lots of light, but still allow for privacy. Add a large framed corkboard for photos, notes and other mementos which will allow your live-in help to personalize their space without it looking cluttered. Include a writing area, either a small table or desk with a lamp and chair.

Plan your room layout in advance, and don’t forget to take wiring and other facilities into consideration before you start painting. For example, you may want to install a cable TV or internet outlet or add a phone jack, or a baseboard heater. A little planning can help make your space a pleasure for years to come.

tomflatt: Tips for Visiting an Open House

2011-09-10T11:25:00.000-07:00

tomflatt: Tips for Visiting an Open House: Tips for Visiting an Open House There’s a lot of information out there for sellers staging an Open House, but surprisingly few guidelines fo...

Tips for Visiting an Open House

2011-09-10T11:24:00.001-07:00

Tips for Visiting an Open House

There’s a lot of information out there for sellers staging an Open House, but surprisingly few guidelines for the people who come to view them. For some, an Open House viewing may simply be an impulse activity to satisfy their curiosity about a neighbor’s home. However, for serious buyers, especially First Time Buyers who have limited experience in seeing different home styles and layouts, visiting Open Houses can be a very worthwhile exercise.

To plan an effective Open House tour, you should start with a map. Plot out the addresses of where the Open Houses are located, and the times of showings to ensure that you make the most productive use of your time.

If you don’t already know the neighbourhood, then that’s the first place to start. Look at your map, and see where major transportation links are located, as well as parks, schools, shopping and amenities. If everything you see on the map looks good, then start out with a driving tour of the neighbourhood itself, before you devote some time to viewing individual houses.

If you plan on visiting an Open House, and you’re already working with a real estate salesperson, be sure to notify them in advance. Your sales representative can be a very valuable source of information about the neighborhood, and may possibly even be familiar with the individual property. Also, depending on the rules of your local real estate board, visiting an Open House without your agent present may result in conferring certain rights on the salesperson who is showing the property. If you discuss this with your salesperson before your visit, you’re ensured of having the right person to look after your interests when it’s time to make an offer. Of course, if you aren’t yet working with a sales representative, Open Houses can provide a great opportunity to not only look for the right house, but the right salesperson. What better way to see them in action, and find out quickly if you communicate on the same wavelength.

As you tour an Open House, try to see past the furnishings, and any personal clutter, and focus on whether the space and layout works for your needs. Don’t assume that what you see is what you get! Many things you see at the viewing, such as window treatments, light fixtures, appliances and even that hot tub on the back deck may not be included in the list price. Check details on the feature sheet and verify what’s included with the agent hosting the Open House.

When touring an Open House, be direct and ask questions. Remember, this is no time to be diplomatic. The real estate professional showing the home realizes that it may not be right for everyone. By keeping your comments open and direct, you help the sales representative to better understand your needs, and offer solutions to meet them.

tomflatt: Look to the Future when home buying

2011-09-08T06:54:00.001-07:00

tomflatt: Look to the Future when home buying: Look to the Future when home buying With today’s interest rates at near record lows, many people are recognizing that a mortgage payment on...

Look to the Future when home buying

2011-09-08T06:54:00.000-07:00

Look to the Future when home buying

With today’s interest rates at near record lows, many people are recognizing that a mortgage payment on a house can actually be comparable to what they would spend on renting an apartment or home. Perhaps you’re one of them and are ready to take a step up the property ladder.

For most people, buying a home is the most significant financial investment they’ll ever make, and there’s a lot of planning that goes into a successful transition. With that in mind, here are a few tips to help buyers navigate the home buying process:

Consider future needs. Look ahead and anticipate what your family may look like just a few years from now. If you’re a single buyer, you may someday add a ‘significant other’ to your household. If you’re a young couple, you may be planning on children. Or you may already have children whose needs will change within just the next few years. As they get older, perhaps your children will need a bedroom of their own, or some private play space. Though additional space may not be needed immediately, it’s important to consider potential future plans for a home. Keep in mind that there is no such thing as the "perfect" house. Instead, determine what’s essential for the near future – number of bedrooms, approximate square footage, community, etc. But be cautious. Look to future needs but don’t overextend yourself buying space you may not ever need.

Remember resale. Purchasing a home is a great long-term investment. However, there are many reasons home buyers may need to move again, such as relocating for a job or a major lifestyle change. Think about the length of time that the home may be owned and during your search, also consider the potential resale value of prospective properties you are viewing. Your local Coldwell Banker professional can help by sharing such valuable information as the average price of resale homes in the area, how long each property has been on the market and what features increase – or detract – from a home’s value and appeal.

Plan for maintenance and repair costs. Owning a home is a rewarding experience. However, along with a set of house keys come certain responsibilities for upkeep. A leaky faucet and unkempt lawn won’t take care of themselves, so be sure to include future repairs and maintenance in your household budget. Keep in mind that certain properties such as condominiums and town homes require less exterior maintenance and might be a good option for those who find the idea of maintaining a yard a bit daunting.

Want to know more about the home buying and selling process? Feel free to contact me for the inside scoop on your market.

tomflatt: High gas costs prompt 'stay-cation' living...

2011-09-06T12:13:00.000-07:00

tomflatt: High gas costs prompt 'stay-cation' living...: High gas costs prompt ‘stay-cation’ living Outdoor and leisure features have growing appeal as families change their vacation strategies If...

High gas costs prompt 'stay-cation' living...

2011-09-06T12:12:00.000-07:00

High gas costs prompt ‘stay-cation’ living

Outdoor and leisure features have growing appeal as families change their vacation strategies

If you’re like most Canadians, you probably wince when you pull up to the gas pumps these days. It’s already having an impact at how many ‘day trippers’ drive out of the city each weekend for visits to the beach or lake. And it doesn’t look like the situation is going to improve any time soon. The latest news comes from Air Canada, announcing that it is eliminating several flights due to the high cost of fuel. With these cut-backs comes a warning that we can expect airfare prices to rise dramatically over the next short span of time. It leaves me wondering if more crowded seating and luggage surcharges can be far behind.

So with all these rapid changes and escalating costs, where does that leave the average Canadian family when it comes to their vacation plans? Many of my customers are already telling me that they’re changing their vacation strategies. And not too surprisingly, that brings us back to the subject of real estate. Many homeowners are opting to take their vacations at home. They’re planning to put their holiday budget back into their property, to create their own restful oasis from their daily stress. Luxury features like saunas, home theatres, hot tubs, entertainment size kitchens, swimming pools, outdoor rooms, water features and extensive landscaping are all part of this scenario. Such appealing amenities are going to be increasingly sought after by discriminating home buyers in the future. If you’re thinking of similar improvements, I’d be glad to tell you how your renovation plans might improve your property’s resale value.

But what about those people who still crave a change of scene for their vacation plans? Here’s where a real estate solution can also be the answer. Think about it! A family cottage or chalet can grow in value and create an asset you can enjoy for years to come, and even provide rental income if you don’t want to use it for the whole season. When you’re situated in an area with multiple leisure activities all around you, you won’t be burning gas and spending most of the day driving to get to some outdoor area attraction just to spend a few hours there.

A vacation property can be a sound investment if you have the help of a specialist to do it right. I can help you do the groundwork right here at home, helping you to determine how much you can afford, offering creative financing solutions and much more. And when the time is right, I have a network of experienced colleagues in resort locations to help you find the right property for you and your family. So why not give me a call and let’s see if we can put a new spin on your family’s vacation strategy? The high cost of fuel could send you in an exciting new direction!

We purchased a bank repo cottage this summer and have had a great experience using and renting it.

Get the best bang for your renovation buck. Thinking of getting ready to list. @tomflatt

2011-09-03T03:12:00.000-07:00

Get the best bang for your renovation buck

Now more than ever, Canadian homeowners are venturing into the domain of home renovating. Many Canadians look forward to enjoying the new, attractive or functional features that these renovations can bring to their everyday life. Yet more and more, market-savvy homeowners are spending thousands of dollars on home improvements, just to turn around in a short period and put the property up for sale. Renovations may not sound like a novel idea in terms of adding market value to your home. However, knowing how and where to use your money can help you achieve the best return on your investment by delivering an improved listing price when the time comes to sell.

The two most prominent areas of your home that will affect its selling appeal are the kitchen and bathrooms, so these are two prime areas to focus on if you’re looking for the biggest bang for your renovating bucks. For bathrooms, if you’re looking to improve resale value, then focus your efforts first on the main floor bath or powder room. Buyers decide on a home within the first few minutes, and it will be the only one they will have seen in that time. Besides, it’s usually the bathroom all your visitors use and it’s typically small – perhaps a half bathroom – so it’s a good place to splurge and achieve maximum impact for a relatively low expenditure. After the main floor, the master bath is most worthy of premium fixtures and upgrades, because that’s the one prospective buyers will visualize themselves using. For these two rooms, you don’t necessarily have to break the bank by replacing tubs and sinks. New products such as porcelain tub paint or even a full insert that mounts on top of your existing tub can give your bathroom a fresh as new look. Where it will pay off in the end to spend some money is with new, modern faucets and perhaps a new light fixture.

No other fixture in the home gets more use than the kitchen faucet – so don’t skimp here! A good idea is to choose one of the latest washer less styles that minimize internal seals and components that can wear out. Spend the extra couple of dollars on stylish, advanced faucets that will give years of leak-free service. While the plumbing for the faucets are out, you might decide to replace the kitchen sink – a good investment if yours is showing signs of obvious wear.

The countertops in the kitchen and bathrooms are another guaranteed-return home improvement. If the cost seems a little daunting, don’t be discouraged. New melamine paints can rejuvenate an outdated counter surface with today’s new cool neutral shades. If your counter is scratched and worn, there are new countertops available today, which are custom ordered pieces according to your specifications that are placed over top of your existing counter. The end result is a low cost, limited effort alternative that gives you the look of solid granite!

You can speak with your local Coldwell Banker sales professional today to give you further ideas on how to best improve your home in terms of market value.

Phasing in a major renovation-stuff to think about.

2011-09-01T06:02:00.000-07:00

Phasing in a major renovation

Renovating a home can be a rewarding and exciting experience, but all too often it can also be costly, disruptive and stressful. Many homeowners feel that they have to make compromises in their ideal plan in order to accommodate their budget and their schedule. Granted, as with most things in life, compromise is usually a part of any successful renovation. However, rather than cutting corners on features or materials, one of the compromises that you can opt for is taking more time to complete the renovation you want, on your own terms. By spreading out the various stages of your renovation into specific groupings, such as excavation and foundation work; framing, plumbing and electrical; drywall and painting; or flooring, you can plan on some well-timed breaks in between. You can gradually move toward completion without putting as much strain on your bankroll as you would rushing to do the entire project in one year.

If you’re thinking of renovating by degrees, a good starting point is research and planning. First of all, what are your goals for this renovation, and what is your timeline? Are you planning on creating a dream kitchen where your family will spend the majority of its time for many years to come? Or are you just looking to freshen up the look, but plan to move within the next two or three years? Defining your objectives and time frame can really help you to decide what’s worth doing now, what can be done in degrees, or what’s worth doing at all. Your public library and city planning offices can be a wealth of information on the various stages and requirements for home renovations.

Your Coldwell Banker sales professional will be happy to discuss how the resale potential for your home might be affected by any renovations you may be planning. Your local financial institution can advise you on the most cost effective way to finance your renovation. Usually a line of credit secured against the equity you’ve already built up in your property is one of the most cost efficient options available to you.

Of course, your contractor is the most important person to include in the investigation and planning process. Make sure that your contractor understands your goals not only for the immediate stage of your project, but also for any future enhancements you may be planning. Your contractor is responsible for getting a building permit and ensuring that your long range plan conforms to the building code and regulations of your municipality. Don’t assume you can simply add on later when the time is right. Once you’re armed with the right information, you are better able to make an informed choice.

Haldimand Weather forecast

2011-08-31T09:40:00.001-07:00

HaldimandWthr Haldimand Weather

by tomflatt

Now mostly cloudy 15°C. Wind: N at 3 km/h. Today partly sunny. Min 15°C. Max 26°C. Tomorrow chance of storm. Min 17°C. Max 27°C.

Tips for cost effective kitchen renovation

2011-08-30T14:41:00.000-07:00

Tips for cost effective kitchen renovation

If you’re thinking of selling your home in the near future, investing in a few well-conceived improvements could pay you big dividends in terms of improving your resale value The big question is: where to spend your money? Whether you’re selling in the near future or at some later date, your first consideration should be the value you place on the improvements while you’re continuing to live in the home. After taking that into consideration, there are several guidelines that can help you achieve the best return on your investment. The kitchen is normally the focal point of any house. It’s the high point of virtually every potential buyer’s walkthrough – male and female alike. As such, improvements to this area are almost always a worthwhile investment.

As a general rule, the more visible an improvement is, the better your chances for a good return on your investment. For example, mentioning you have a new water heater or plumbing upgrade won’t have the powerful visual impact of a new kitchen counter top or tile backsplash -- even though they may cost the same. Refacing your existing kitchen cabinets is a lower cost option than replacing all your cabinetry. If you’re thinking of a major kitchen renovation, focus your energy – and your budget – on creating new work surfaces and improving function or traffic flow, rather than simply focusing on adding more floor space.

For the more budget conscious, a fresh coat of paint is one of the least expensive improvements that can create a favourable first, and lasting impression on buyers. In fact, dollar for dollar, a fresh coat of paint often delivers one of the best returns on your investment. So, why stop with the walls? Painting your kitchen cabinets and simply replacing your handles with updated hardware can revitalize the entire look of your kitchen and strengthen its visual appeal.

Remember when choosing your colours that light colours can make a room appear larger, and neutral shades will be most appealing to the greatest number of potential buyers. Another optical effect that will help create the illusion of more space is to install new flooring or backsplash tiles on the diagonal to draw the eye up and away on the longest line possible.

A new tap, and possibly even a new kitchen sink are also very affordable options to give your kitchen a quick and affordable ‘facelift’.

Lighting is also a very affordable way to improve the look and the function of your kitchen space. For a very minimal investment, the new halogen light fixtures can illuminate your workspace while adding ambiance to your kitchen. Small under the cabinet halogen pot lights take up little space, and can add a modern flair.

If you’re not sure what’s worth doing or where to start, why not contact your local Coldwell Banker professional? Your Coldwell Banker sales representative is a great source of information and can tell you what improvements will show well to prospective buyers in the future.