Blog_July2017_5

Failure to Complete – What’s Going on in Guelph?

By | Buying, Selling, Uncategorized | No Comments

This isn’t the way I like to start off my week. I’m drafting a Mutual Release for a property that failed to close. Without getting too far into the details, clients of mine found out, on the day their home was supposed to close, that their buyers were unable to get funding. The process dragged out, but in the end, the buyers had to walk away from the purchase – and, in doing so, they essentially walked away from their deposit. Months later, after a series of negotiations between the two party’s lawyers, I’m drafting this mutual release – a…

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Blog_July2017_4

Sizzling Hot Summer – Buyer Opportunities in Guelph

By | Buying | No Comments

The summer is hot and so is the Guelph market… but in a different way than we have experienced for quite some time. After a wild Seller’s market in the first half of the year, in a matter of a couple of weeks, June saw a very significant shift. Suddenly, we had a market something like one we haven’t seen in a few years. It feels pretty balanced and, for the first time in a long time, buyers have options. It’s a great time to buy a house in Guelph, and here are just a few of the reasons why….

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GuelphNeedsMore_3

Guelph needs more of this – Basic housing

By | Buying | No Comments

Stone counter tops, hardwood floors, stainless steel appliances, soaring ceilings, walk in showers, en suite bathrooms, walk in closets, lots of storage.  This is not just a wish list anymore; in the time of HGTV many buyers are looking for these finishes and are starting to expect them in their newly built homes.  Guess what, builders are listening. Luxury finishes are quickly becoming standard among local builders including stone counters, raised ceilings, and even some high end appliances.  This is great in many regards as it creates a very well polished product which sells quickly and easily. But what happens…

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BlogArt_June2017_3

Paddock Appeal

By | Buying | No Comments

It comes as no shock that real estate is a very visual industry. That’s why you hear of people spending thousands on staging, renovating, landscaping and preparing their property for when it hits the market. And if they’re spending wisely, these upgrades can pay off. Curb appeal is one of the areas that people often invest in. You only get one chance to make a first impression…might as well make it a good one! Sprucing up that 30 feet at the front of a home in downtown Guelph can work wonders. Now just imagine if that frontage was 500 feet…

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BlogArt_June2017_4

A tale of two markets

By | Buying | No Comments

If you’re a buyer in Guelph’s white hot real estate market, you may be thinking that this market is too insane to invest in. All homes sell in multiple offers for a hundred thousand over asking or more. Your offer is just a spit in the bucket and the biggest number always wins. You scoff at listing prices because you “just know” it’ll go way over asking. You’re burnt out and discouraged and tired of playing the “but what will this ACTUALLY sell for” guessing game. If you’re a seller in this market, you may be thinking that you won’t…

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Blog_June2017_2

Tough first call! Condo or a house

By | Buying | No Comments

Hey You,… Yes You!  Guess what?I have a secret to share with you. Are you ready for this? It’s worth the wait I promise! Being a first time home buyer under 35… is… challenging to say the least. Yes- you heard me right. And this is coming from the mouth of your local ’35 and under’ real estate agent.  I’m sure at this point you are scratching your head and wondering why a real estate agent would make such claims. I say this because I am in your shoes. I’m in the market to buy and yes- you guessed it,…

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BlogArt_May_2017

When the Guelph Investment Market Changed

By | Investment Property | No Comments

For years, the Guelph investment game was pretty simple. Purchase property for X, rent it for Y, and after all of your expenses are paid, make a few $100 per month, or simply just break even to cover your expenses and Bob’s your uncle.  Sounds easy, right? However, it was sometime around the start of last summer that everything in the Guelph investment game started to change. All of the sudden prices started to skyrocket and nobody really knew why. It was crazy. I remember bidding on a property at 1155 Gordon St that was listed for $374,900. All of…

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Blog_May2017_2

Shifting Market, Shifting Expectations: Selling in Guelph Today

By | Selling | No Comments

Woah. What a year it has been in the world of Guelph real estate. The dust is just starting to settle now, after a wild first quarter that left even the most seasoned veterans in this business shaking their heads in disbelief. Bidding wars, cash offers, bully offers… it really was a frantic scene for Guelph home Sellers and Buyers. But the scenery has changed. At the end of March, I started to notice a minor shift, and I wrote about inventory changing and things levelling out a bit. It was a slow process in some ways, but without question this…

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GuelphNeedsMore_affordablehousing

Guelph needs more of this – Affordable housing

By | Buying | No Comments

In this unprecedented housing market I have been reflecting more and more on what it means for those who do not yet own a home. When we get together we love to talk about real estate.  Everyone has an opinion on it and most of the time I hear that things are getting too out of reach for the average buyer.  I agree.  Most Guelphites and first time buyers are quickly getting priced out of the town they live in and love.  They can’t afford to keep their kids in school here, they are looking to move further away from…

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Screen Shot 2017-04-03 at 11.03.24 AM

Beware of smoke and mirrors

By | Selling | No Comments

Driving around town, I’m seeing the signs more and more. Literal signs, I mean. I see them at busy intersections and even on hydro poles. The wording varies, but the gist is always the same… call us now if you really, really need to sell your home quickly, because we’ll pay cash. Sometimes there is mention of zero fees. Sometimes it’s a little more fear-driven, referencing the way that a Seller can get out of their bad situation. And so forth. You know, I’ve helped people in very dire straits sell their homes. The stories vary, and so do the outcomes….

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