Frank Steinhausen, Broker
RE/MAX Rouge River Realty Ltd., Brokerage
- Real Estate News
- Home staging
- Neighbourhood fun
- Green Building
- Home Inspection
- Home Ownership
- Real Estate Market Update
- Pickering Village
- Real Estate
- Real estate investment
- Buying real estate
- Selling real estate
- Durham Region
- Area interest
- Agency relationships
- March 2017
- February 2017
- January 2017
- December 2016
- November 2016
- October 2016
- September 2016
- August 2016
- July 2016
- June 2016
- May 2016
- April 2016
- March 2016
- February 2016
- January 2016
- December 2015
- November 2015
- October 2015
- September 2015
- August 2015
- July 2015
- June 2015
- May 2015
- April 2015
- March 2015
- February 2015
- January 2015
- December 2014
- November 2014
- October 2014
- September 2014
- August 2014
- July 2014
- June 2014
- May 2014
- April 2014
- March 2014
- February 2014
- January 2014
- December 2013
- November 2013
- October 2013
- September 2013
- August 2013
- July 2013
- June 2013
- May 2013
- April 2013
- March 2013
- February 2013
- January 2013
- December 2012
- November 2012
- October 2012
- September 2012
- August 2012
- July 2012
- June 2012
- May 2012
- April 2012
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
- November 2008
- October 2008
- September 2008
- August 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
- January 2008
- December 2007
- November 2007
- October 2007
- September 2007
Another record month for Durham Region:
Durham Region Association of REALTORS® (DRAR) President Roger Bouma reported 833 residential transactions in February 2017, a slight decrease from the same time last year. “We’re seeing a pattern of low inventory and strong demand,” stated Bouma. There were 976 new listings in February 2017, compared to 1,053 in February 2016.
The average selling price in Durham reached $665,005 last month. In comparison, the average selling price was $490,081 during the same period last year; a 37 percent increase. “We’re continuing to see record highs in average selling price,” said Bouma. “This year alone, from January to February, we have seen the average selling price increase by almost 10 percent.”
Homes have continued to sell quickly in an average of 10 days compared to 16 days last year. “The February statistics show us there is still a strong demand for inventory,” said Bouma. ”Homes are selling at an accelerated pace for much higher prices than we have ever seen, making this market a sellers dream.”
“Homeownership remains affordable in the Durham Region, when compared to other neighbouring Toronto communities,” said Bouma. “Durham has long been the best kept secret in the GTA, but it no longer is. The buyers come looking because of our relative value and stay because they fall in love with our great communities,” adding “who can blame them?”
Currently Comments Off on Durham Real Estate Market Hits Record High With 37 Per Cent Increase|
Imagine finding a home you love, making an offer, and then finding out there are other competing offers on the table. Ouch.
If you’re looking for a property in a competitive market, it is likely that there will be multiple offers. Even just one can create the risk that you’ll lose the home. So how do you make sure your offer is enticing enough to win over the seller? Here are some ideas:
- Don’t make a low-ball offer. If you do, it might be dismissed and you probably won’t get another chance to bid — especially if the other competing offers are near the listing price.
- Have a pre-arranged mortgage and include that with your offer. This reassures the seller there won’t be any money issues. (Most lenders will provide you with a pre-arranged mortgage certificate for this purpose.)
- Go in with a price high enough that the seller will be interested, but not so high as to be leaving money on the table. This is tricky and requires a savvy knowledge of the current market.
- Have a REALTOR® present the offer on your behalf. A REALTOR® will know how to do so professionally, and in a manner that gives you the best chance of getting the home.
In a competitive situation, working with a REALTOR® who is an expert on the local market — and a skilled negotiator — is crucial.
Looking for a REALTOR® like that? Call us today.
Currently Comments Off on Making an Offer in a Competitive Real Estate Market|
February 15th, 2017 Categories: Home Ownership
A good place to start is with your electronics.
According to the David Suzuki Foundation, “Any gizmo that has a clock, digital timer, remote control or standby mode is sucking energy when it’s not being used (it’s called ‘phantom electricity’ — and it’s scary how much of it there is).” So keep them unplugged as much as possible. Also, unplug charger cords for phone and computers when not in use. Even when not connected to the device, they still suck power.
Another easy change to make involves your lights. Switching to compact fluorescent (CFL) or LED light bulbs can save you a lot of energy. They’re 75% more efficient.
Finally, the old-fashioned method of insulating doors and windows can work wonders for lowering your electricity bill. In fact, some particularly drafty homes can lose up to 40% of their heat. Check for drafts regularly and repair or replace insulation as needed.
None of these ideas will impact your day-to-day living. Yet, they could potentially save you a bundle.
Currently Comments Off on How to Cut Your Electricity Bill in Half|
Many people are curious and surprised by what is happening in the real estate market in their neighbourhood. Here is what is happening across the region:
Durham Region Association of REALTORS® (DRAR) President Roger Bouma reported 595 residential transactions in January 2017, a 17 per cent increase from the same time last year. “Strong demand and low inventory are a few key factors in the booming price growth in Durham Region,” stated Bouma. There were 735 new listings in January 2017, a 7 per cent decrease compared to 788 in January 2016.
“We’re seeing record highs in average selling price in January,” said Bouma. The average selling price in Durham reached $608,417 last month. In comparison, the average selling price was $446,117 during the same period last year; a 36 per cent increase. Homes have continued to sell quickly in an average of 15 days compared to 23 days last year. “This is a story that will continue to make headlines as strong price growth, short supply, and low interest rates continue in 2017,” said Bouma.
In the past 10 years, the Durham Region’s average selling price has more than doubled, from $257,850 in 2006 to $533,828 in 2016. “There is no doubt that the Durham Region will continue to grow as we enter 2017, we’re already seeing a dramatic increase from the same time last year.”
“The province-wide news that Durham Region will be receiving more funding from the gas tax program for transportation infrastructure is just another example of the great quality of life for families that live or wish to live in Durham,” said Bouma. Minister of Transportation Steven Del Duca announced on February 1 that Durham Region will be receiving approximately $10 million by 2019. “This news, coupled with the extension of the 407 east to the 115, the expansion of the GO Train, and the affordability of living, makes Durham Region one of the hottest markets in Ontario.”
Currently Comments Off on 36 Per Cent Increase in Real Estate Prices Makes Durham Hottest Market|
January 28th, 2017 Categories: Home Ownership
In almost every movie featuring a house on fire, the actors seem to be able to move around the house and see just fine, while beating back flames with a shirt or coat. Of course, that’s not what happens in real fires.
When there’s fire in a home, there is typically complete darkness (because the power goes out) and a cloud of spreading thick, black smoke makes it difficult to see and breathe.
That’s why knowing how to get out of your house — fast — is crucial.
Experts recommend rehearsing what to do in case there’s a fire. Make sure everyone in the family has an exit plan. Each should know exactly how to get out, including primary and secondary exits, and where the family will meet once safely outside.
Never attempt to take anything with you. It may seem like you have plenty of time to grab a coat or purse, but the characteristics of a fire can change in seconds.
As a failsafe, in case you can’t exit through a door, you should determine in advance which window has the safest exit. Make sure that the window opens easily and everyone knows how to remove the screen or any other obstruction.
Finally, don’t call the fire department from inside your house. Get out first, then make the call.
Currently Comments Off on Your Exit Plan in Case of a Fire|
Property Surveyors, sometimes referred to as land Surveyors, play a vital role in the real estate world. They are the professionals who determine or confirm the exact boundaries of a property.
Sometimes the mortgage lender will ask for a land survey, especially if your property is older and hasn’t changed hands in many years. You might also be asked for one by the buyer if there is any confusion about the size and boundaries of your property – or if significant changes have been made to it in recent years.
This is nothing to be concerned about.
A qualified Property Surveyor will do the appropriate inspection and measurements on your property and issue you the survey. (It looks a little like a blueprint.)
Property Surveyors are highly trained and licensed. In Canada, Professional Surveyors Canada (PSC) represents the profession nationally, and most provinces have their own professional associations.
Before getting a new land survey, make sure you don’t already have one. Hopefully, you’ve stored the paperwork that relates to the purchase of your home. Look through it. A valid land survey might be right there.
If you have questions about land surveys, call today.
Currently Comments Off on What Does A Property Surveyor Do?|
You’ve probably seen signs around the area for Open Houses. You may have even attended a few. These are open invitations for potential buyers to drop by on a certain day and time, to check out the property and get more information.
When you’re listing your home for sale, you might wonder whether you’ll need to have an Open House.
To answer that question, you’ll need to consider the pros and cons. Planning and hosting an open house isn’t as easy as it may seem. There’s a lot of preparation involved. In addition, you’ll likely spend hours making your property look its best and you’ll need to be away from your home for a good part of that day.
That being said, an Open House has many advantages.
- It helps showcase features of your property that may not come across well in advertisements and listing descriptions.
- It attracts potential buyers who, for any number of reasons, might not otherwise call to view the home.
- It generates a buzz and publicity about your listing.
However, an Open House might not be necessary if there is high demand for properties like yours and you’re likely to get multiple offers.
Currently Comments Off on Will an Open House Help Sell your Home?|
Surprised at house prices? Here’s why…
Durham Region Association of REALTORS® (DRAR) President Roger Bouma reported 528 residential transactions in December 2016, a 4 per cent decrease from the same time last year. “Real estate transactions tend to slow down around the holidays,” stated Bouma. There were 411 new listings in December 2016 compared to 512 in December 2015.
The average selling price in Durham reached $570,957 last month. In comparison, the average selling price was $451,671 during the same period last year; a 26 per cent increase. “Our current housing market forecasts effects of financial conditions and changes in the economy,” added Bouma. Homes have continued to sell quickly in an average of 14 days compared to 21 days last year.
“We’ve seen substantial growth of the average selling price in Durham Region,” said Bouma. “In December 2016, Durham Region led the Greater Toronto Area (GTA) with a 26 per cent year-over-year percentage change on the MLS home price index.” Comparably, during the same time last year, Durham Region’s year-over-year percentage change was midpoint in the GTA.
The 2016 year-to-date value of all home sales in Durham Region totalled over $6.7 billion in dollar volume, a 29 per cent increase from 2015. “This is a direct reflection of the overall health of Durham Region’s economy,” said Bouma. “Rising house prices are an optimistic demonstration of consumer confidence.”
Uxbridge had the highest increase in year-to-date average selling price growth with a 31 per cent increase from 2015. The second highest increase was Oshawa at 27 per cent, and third highest was Brock and Clarington at 21 per cent. Durham Region is also selling the quickest in the GTA with a year-to-date average of 12 days-on-market, 3 days quicker than Peel Region and 4 days quicker than York Region. Ajax, Oshawa, and Whitby sold the quickest in Durham Region with an average of 10 days-on-market.
“The housing market is an economic driver that strengthens our economy,” said Bouma. “Ultimately, the rise in house prices is creating an increase in wealth for homeowners.”
Currently Comments Off on House Prices in Durham Leading GTA In Average Selling Price Growth|
December 20th, 2016 Categories: Buying real estate
Is that day today, or, is it a few years down the road?
Here’s a quick way to make that assessment.
First, make a list of all the practical reasons why it might be time to move up. Those reasons might include features such as: more bedrooms, proximity to work and school, a larger backyard with trees, nearby parks and walking paths and better access to things you enjoy like theatre.
Next, make a list of the emotional reasons for making such a move. Those reasons might include memorable get-togethers with friends on a more spacious deck, an easier and less stressful commute to work, more family time with the kids and enjoyable Saturday golf at a nearby course.
Finally, take a financial snapshot to determine if you can afford to move up. You’ll need to get a good idea of what your current property will sell for in today’s market, average price of homes in your desired neighbourhood, and how much mortgage you’ll need.
Once you have all that down on paper, you’ll have a clear picture of your readiness. If the practical and emotional reasons for buying up are compelling, and you can afford to make the move, then you have your answer.
The time is now!
By the way, if you need help in making this determination – especially figuring out what your home will likely sell for, call today.
Currently Comments Off on Are You Ready To Buy Up?|
According to the Centers for Disease Control and Prevention (CDC), 90% of exposures to poisons occur inside the home. Almost all are preventable, if you follow some simple guidelines.
- Look for the poison label on products you buy. Visually, it’s a skull and cross bones, often (but not always) with the word POISON above it.
- Don’t make assumptions. Sometimes a seemingly innocuous product, like a shampoo, can contain poison or other ingredients which are harmful if swallowed.
- Avoid mixing different cleaning products together. When chemicals are combined, they change. Combining some cleaning products can even create toxic fumes.
- Keep all medication, even the non-prescription kind, out of reach of children. Never leave medicine on the bathroom counter.
- Never use pesticides inside the home unless the product is clearly labeled for indoor use. Then, use only as directed.
- Never use a charcoal grill or barbeque indoors, no matter how well ventilated you think you’ve made it. Doing so can easily cause carbon monoxide poisoning.
Currently Comments Off on Watch Out For Poisons In Your Home|