All posts by Kelly Caldwell

Blog_Sept2017_2

Three Questions to Ask a Listing Agent

By | Selling | No Comments

The fall market is a-foot in Guelph, and people are once again turning their attention to buying and selling homes. Things have changed, though, as everyone knows. We had a wild Spring market, the after-shocks of which we’re still experiencing on a few levels. The summer was quiet in accordance with seasonal averages. And now… here we are. Today, we’re in a balanced market. Nothing has crashed; prices are not steeply declining… we’ve just returned to Buying and Selling environment that we used to call “normal.” If you’re buying a home, this pretty much means only good things. You might…

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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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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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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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HomeInspection

Pre-Offer Home Inspections in a Seller’s Market

By | Buying, Investment Property | No Comments

There’s no shortage of chatter about the current Real Estate Market in Guelph. It’s such a wild, wild Seller’s Market that it can feel a bit hopeless for Buyers when it comes to conducting the matters of basic due diligence recommended when buying a home. What, exactly, do I mean by that? I mean that, in a more balanced market, we see conditions attached to most offers, including the ability to arrange mortgage financing, insurability, and home inspections. In today’s Guelph market, we’re seeing few (if any) of those conditions on offers at the negotiating table… if we can even call it that,…

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CreditScore

Buying a Home? First Let’s Talk Credit Scores

By | Buying | No Comments

Remember the good, old days when getting a mortgage was easy-peasy? Why, you’d just head to the bank and sign some forms and then – poof! – you’d be approved. Off to buy a home! (That was a lot easier then, too.) Well, those days are history. Getting a mortgage has, over the years, become a trickier and trickier thing to get. Even the tiniest of “blips” on a credit rating can wreak havoc on your chances to get a pre-approval from an A-Lender. There’s a lot to learn when it comes to the whole financial picture around buying a…

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FallinLove

Falling in Love with Your House… All Over Again

By | Selling | No Comments

Love is in the air at this time of year. So, hopefully you have the more personal aspects of your Valentine’s Day season sorted out by now. But, what about that home of yours? Look… it’s a crazy Seller’s Market in Guelph right now and a lot of people, myself included, feel like we really have little or no choice but to stay put. Well, yes – we could sell… it’s the buying part that’s a bit of a trick. Much like a marriage, the relationship you have with your home is going to wax and wane over the years. Of course it…

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smokyhouse

Buying or Selling a Smokey Home

By | Buying, Selling | No Comments

Even in the kind of wild seller’s market like we are seeing in Guelph, it’s always not easy to sell a home. A few things can be fairly consistent deterrents among buyers, and one of them is smoke odour. Yes, a smokey house can prove a bit challenging for buyers to overcome. But many of them can…. In addition to the general turn-off, many people point to the health implications of what is called ‘third hand smoke’ – smoke coming off of things like walls, upholstery, etc. I’ve watched people walk up to a house and turn around before they’re even through the front door,…

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downtown_disclosure

Selling a Home in Downtown Guelph – Let’s Talk Disclosures

By | Selling | No Comments

Guelph is home to many beautiful historic homes. Exhibition Park, Old University, St. George’s Park, Sunnyacres, St. Patrick’s Ward… the list goes on and on when it comes to Guelph neighbourhoods where we see an abundance of century homes. For many of us, the allure of a historic home is too strong to ignore. We’re willing to sacrifice on  size, storage, parking, and so many modern conveniences… all in exchange for that connection with history, old-world character, and the upsides of urban living. My own home, built in the 1800s, is far from perfect—but it’s very hard for me to…

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