May Sales Remain High

TREB Marketwatch May 2010Greater Toronto Area Realtors reported 9,470 sales in May, representing a 1% dip from May 2009. In comparison to previous years this was ther third highest May sales result on record.
 
“The pace of transactions slowed in May following the record-setiing sales in February, March and April”, said Toronto Real Estate Board President Tom LeBour. ” Buyers who otherwise would have been purchasing a home in May moved more quickly this year, likely to get ahead of mortgage rate hikes.”
 
New listings were up 38% annually to 18,940. It seems Sellers became more motivated to list in May partly due to the HST coming July 1 and forecasted rising interest rates upcoming. The increase in listings has certainly minimized bidding wars on choice properties. Thats great news to Buyers.
 
The average price for May transactions was $446,593, up 13% compared to the average price of $395,609 recorded in May 2009. Year-to-date sales are up 37.9% and the year-to-date average price is up 17.4%.
 
“The gap between listings and sales  has widened which means there is more choice for buyers,” said Jason Mercer, TREB’s Senior Manager of Market Analyses. “The annual rate of price growth will slow in the second half of 2010 from the current double digit pace into the single digits.”
 
Other notable stats saw the average days on the market fall from 35 days in May 2009 to 22 days in May 2010 and the sales-to-listing ratio fall from 47% in April 2010 to 37% in May 2010 . The market is still in seller market territory.
 
Please call me at 416-520-6746 or email me , David@TorontoRealEstate.ca

Staging Tip #10-Updates and Repairs

Take an objective look at your house to determine which updates and repairs are necessary. Based on your timeline and budget you can determine what needs to be completed to improve the overall presentation of your home. Buyers today are looking to purchase a home that does not require too much work. They are also willing to pay more for a house that has been looked after.

For more staging advice please call me at 416-520-6746 or by email, David@TorontoRealEstate.ca

Staging Tip #9-Paint

Buyers want to purchase a home that is move-in ready and that includes the paint colour.If your home is painted in very bright or unusual colours potential buyers may be turned off or feel that they can negotiate on your asking price. Neutral paint colours that are easy on the eye are recommended.

For more staging advice please call me at 416-520-6746 or by email, David@TorontoRealEstate.ca

Staging Tip #8- Odour/Pets/Holidays/Air Quality

All are important to consider when selling your home. The odour of your home creates a first impression.  Strong food odours or pet odours  could discourage a potential buyer from making an offer. Avoid cooking with food that leaves a lingering odour. Remove all pets from the house and all signs of the pet. A strong mildew smell in the house could indicate water penetration issues. As well, if the home is being sold during a holiday season decorate using items that are simple and nondenominational.

For more staging advice please call me at 416-520-6746 or by email, David@TorontoRealEstate.ca

Staging Tip #7-Main Selling Rooms

The overall impression of your entire home is important. Most buyers will focus on your main selling rooms first so there needs to be an immediate impact. Rooms to concentrate on include: front entrance, living room, dining room, family room, kitchen,master bedroom and ensuite washroom.

For more staging advice please call me at 416-520-6746 or by email, David@TorontoRealEstate.ca

Staging Tip #6-Home Inspection

Consider having your home inspected before it is listed. By having this done you will learn if there are any major repairs needed and can address them before the house goes on the market. This will also show the buyer and their agent that you have been proaxctive. When it comes to finding the right inspector I recommend using one of the GTA’s best, http://www.carsondunlop.com/ . Once the inspection is complete you will be able to determine what the next steps are in preparing your home for sale.

For more staging advice please call me at 416-520-6746 or by email, David@TorontoRealEstate.ca

Staging Tip #4-Furniture Placement and Lighting

Proper furniture placement will display the room to its full potential and allow buyers to see the specific function for each room. Keep in mind the traffic flow and how buyers will walk through each room. Lighting is also a key factor when it comes to preparing your home for sale. Make sure each room has sufficient lighting to show off the prime features. Light fixtures and furniture ideally should be current with the design trends as showcased on the many TV design shows and in design magazines. This allows potential buyers to connect with the home.

For more staging advice please call me at 416-520-6746 or by email, David@TorontoRealEstate.ca

Staging Tip #3: Depersonalizing

Depersonalizing is an important step when it comes to selling your home. It means that you need to let go emotionally . This can be a tough process. Focus on turning your home into a ” model home”. Disconnecting yourself will allow potential buyers to emotionally connect with the home and envision themselves living there.

For more staging advice please call me at 416-520-6746 or by email, David@TorontoRealEstate.ca

Staging Tip #2: Curb Appeal

Your exterior says a lot about how your home is maintained both inside and out. When a buyer drives by your home or views photos online this will create a lasting impression. Show them that your property is well cared for. When buyers see an attractive interior they will be eager to stop and get excited to view the interior as well.

For more staging advice please call me at 416-520-6746 or by email, David@TorontoRealEstate.ca

Staging Tip #1: Clutter Control

Preparing your home for sale is not just about pre-packing, clutter and editing, but this is a big part of it. Your house needs to be neat, clean and orderly. Organizing and pre-packing items that are not regularily used will create a spacious feeling. Storage is one of the top items on a buyers list; therefore it’s necessary to show them that your home has the space they want and need .

Quotes to Live By

Never stop being curious.

If you can change the outcome do it, if you can’t delegate it.

Perception is reality.

Talk less, show more.

Phsychology teaches us we should only have a problem once.

Constant, daily, incremental improvement.

98% of our grief comes from 2% of people. Eliminate the 2%.

Kill the monster while it is small.

The person who does not read has no advantage over the person who cannot read.

Be fun, have fun.

If you live a reasonable life you will be dominated by unreasonable people.

We don’t stop playing because we grow old.

If you lie in the middle of the street people will use you as a speed bump.

You get what you negotiate.

When the aggravation exceeds the contribution you trade the player.

Associate yourself with people who will tell you the truth.

Some of us will do our jobs well and some will not but we will all be judged by only one thing…the outcome.

The ability to move forward to the goal or vision we have set with no guarantee of ultimate success will always separate the winners from the losers.

There is nothing to fear in life if we are not attached to the outcome. Be open to everything, attached to nothing and ego free.

The only thing worse than starting something and failing is not starting something.

When it comes to greatness there is no free ride .

Within every adversity is an equal or greater benefit.

Don’t be ordinary. be extraordinary.

Laugh alot . Celebrate often.

The only way to discover the limits of the possible is to go beyond them into the impossible.

We have to earn the right to achieve the success we desire-there are no short cuts.

The best is yet to come.

Personal development is undoubtedly the single most important factor to your success in life-both personally and professionally. You can never go wrong when you are investing in yourself.

Three types of people: people who makes things happen, people who watch things happen, people who wake up and say ” what happened?”

Focus on what you want not on what you don’t want.

Time is life. It is irreversible and irreplaceable. To waste your time is to waste your life but to master your time is to master your life and make the most of it.

Accept the things you cannot change, have the courage to change the things you can and the wisdom to know the difference.

Whether you believe you can or you can’t either way you are right.

He who talks the most may feel in control but the one who asks the most questions and listens is in control.

Self-discipline is the key to personal greatness.

Tenacity always wins over talent.

A great man shows his greatness by the way he treats little men.

Its takes character and self-conrol to be understanding and forgiving.

I will speak ill of no man and speak all the good I know of everybody.

Don’t let your ego eat your brain .

You know you are on the road to success because it’s uphill all the way.

If you don’t have a vision for the future then your future is threatened to be a repeat of the past.