Christina, Author at Lets Talk Real Estate Team - Page 13 of 19

Multiple offers, crazy bidding wars leading to over asking prices- this is what we have been seeing time and time again. If you examine the market over the past four years or so you will see that this increase in the number of home sales has been on a steady incline. And although you can argue that we have seen the largest jump since the pandemic I do believe we have been heading in this direction for years.

Last May we saw a record-breaking low sales, clearly the effect of the first lockdown and so much uncertainty, but the Guelph market has not only caught up with activity levels but well surpassed the previous sale peak of May 2017.

As I was on social media last night I came across this below graphic from Home Group. It is really interesting to actually look at the price per square foot. Now obviously housing prices are up, but if you look given inventory levels the prices have not inflated that much.

 

Prepping your house for sale

Apr 21,2021 | Guelph Living

A very common discussion I have with clients is how to prioritize the work around the house to maximize how my home will show once it hits the market.

 

You might have a few repairs that need to be done. Or some cleaning and decluttering to do. You might even want to do some painting or redecorating to get your property looking its best for potential buyers.

 

When it comes time to put together the marketing material for your home, there are improves that will make the home show better, improve the photos and virtual tour and increase the traffic to your listing.

 

No, I can’t pick up a brush and do the painting for you! But I can help in two other important ways:

 

  • Help you figure out what needs to be done to get your property ready for sale. (It might not be as much work as you imagined.)
  • Recommend contractors, cleaners and other reputable professionals who can do the work for you.

A simple conversation can help alleviate some of this stress and with a proper game plan and timeline, we can have your home looking it’s best to maximize your sale price.

It’s all part of my job to make the home selling process go smoothly for you.

 

Please call or email me anytime.

Selling a Home “Off Market”

Why would a seller choose to sell their home before it goes on MLS in such a hot seller’s market?

This may seem like a “head-scratcher” to someone who thinks that all that goes into selling homes lately is putting a sign in the lawn and waiting for offers to roll in! Now, this may seem like the case in some instances, however, those who witness and participate in these transactions week in and week out, know there is a lot more that comes with selling a home.
Houses hold more value than just brick and mortar, emotions account for a lot of value to each homeowner. There will always be instances where money will not be the deciding factor in real estate transactions, having a property sold quickly and quietly can have enough value to warrant not putting the home on MLS, and of course some of the stress that goes along with this.
Buyers are not necessarily getting a “deal” on the home, and it can be the contrary, but the value to the buyer would be that they would not have to compete and possibly lose the property. The value to the seller is you are achieving an acceptable offer without the possibility of not selling for less than you would expect plus the added bonus of the stress of showing your home (at times).
It can be a Win-Win for both sides and that is why it is so important to be aggressive as a buyer and “Take your Shot”. In such a hot seller’s market, the buyers that go above and beyond and hunt down potential houses have sometimes been the lucky ones who actually secure a property.
Recently, I sold one of my listings before we even put the sign in the ground. My clients were going through some emotional hardship and just wanted to sell (of course at a good price) as fast as possible. Using my network and connections within CBN we were able to secure an offer over asking and off-market!
Of course, you need to weigh the opportunity cost of this if you are a seller. There is a potential you are leaving money on the table. But as I have said over and over there is no crystal ball in real estate and the offer in hand may be the best offer recieved.
It is beneficial to lean on your Realtor to try and provide whatever insight they may have into upcoming properties for sale. It is a Realtor’s job to be in the know and to communicate with other Realtors about potential listings and keep an eye on the market.
This is simply my opinion on the pros and cons of homes selling without being listed on MLS, but as we are seeing in this 2021 real estate market, things can change very quickly.
All the best,
Nick

Planting Tips with Addy

Apr 12,2021 | Guelph Living

Fun spring gardening activity! Hope you received your seeds! Below is a step-by-step guide and video to help you to start growing:

  1. Decorate your pot
  2. Add soil (suggestion to use a spoon for small hands)
  3. Add your seeds
  4. Water (suggestion to use a spray bottle or dropper for daily watering)
  5. Write the name of the plant on a popsicle stick OR keep the seed package for replanting
  6. AND WATCH IT GROW!

Addy wanted to give us a hand this year so we put this video together for further instruction, enjoy!

 

 

This year we could all use a little pick me up and what better way than getting outside for some fun while supporting the children in our community! I am excited to do the run again this year with my family. Hope to see you there.

Join Team Fitz

Details: 

Join Big Brothers Big Sisters of Guelph on June 27th, 2021 for a 5KM, 10KM, or Half Marathon race through the beautiful Guelph Lake Conservation Area in support of Guelph youth! All proceeds from participant registration and fundraising will support Big Brothers Big Sisters of Guelph’s life-changing mentoring programs and all race finishers will receive a medal and swag bag full of goodies!

Register today as an individual, or create a team with some friends and family! Be sure to register on a “team” with anyone you would like to be at the start-line with. All races will begin in heats to prevent large gatherings, so start times will vary between races. If you register on a team, you and the other participants on the same team will be given the same start-time.

The safety of our participants, volunteers and staff is our primary concern – The 2021 Big Little Run will follow ALL COVID-19 protocols and guidelines.

Days on Market in such a hot market.

Looking at the stats during this hot sellers market, it can be hard to wrap our heads around how quickly these properties are selling.
One stat that has been catching my eye is the DOM (Days on Market) and not for the reason you think. As of the last market report, the DOM for the City of Guelph was 9 days, which is obviously a tell-tale sign of a seller’s market. However, I believe this number is inflated due to the sales strategy of holding off on offers until a certain date.
With this strategy, the sellers sign a 244 form and request a date and time that they will review any offers that are submitted on the property. In most instances, this date is 5-7 days from the initial date of listing.
In my opinion, I believe that a lot of the properties that have sold in the past month would have easily sold in the first day or two if the sellers would allow it. So with most sales being forced on the market for a minimum of 5 days, it is seeming impossible for the average DOM to be lower than where it is.
With all the hype around this seller’s market, I am sure most people don’t need this metric to gage the market, however, as a real estate professional and constantly reviewing the details of the market, I find it interesting how this stat, in my opinion, is inaccurate. Just another side effect of such a hot seller’s market.

2020 was a wild year. Obviously, the pandemic changed so much for so many people in such a short period of time. I can’t express how lucky my wife and I have been that our business was only affected (we shut down for a few weeks completely when the pandemic first hit) minimally. 2020 ended up being a banner year for us and we are so grateful to have worked with so many amazing people. We truly love our job (we really do!) and we eat, sleep and breathe it! Whether around the kitchen island, in the car, office, or even on vacation! We work every day to ensure our clients are always taken care of and never passed off.

Thank you again to our clients for trusting us with your homes – we are privileged to work with you.

 

Charming century home in Guelph with chic designer backyard

Mar 11,2021 | Buying

Thoroughly modern interior: Sunlit, bright and spacious

When looking for a house, have you ever considered the perspective of the home itself?

If you have, 39 Derry Street in Guelph is one lucky property.

David Ruhl and Lee Vosburgh lovingly renovated the two-bed, two-bath, charming red brick house, which was built in 1894.

They purchased the home in 2013 and over the course of eight years have completely redone it. It was a task this particular couple is uniquely equipped to do.

Ruhl is a licensed, professional engineer who owns residential design and construction firm Ruhl Builds; his background is in building science and restoration. Vosburgh, a design graduate from OCAD University, is a creator and influencer who runs the popular blog Style Bee. She has impeccable taste, a designer’s eye and a commitment to sustainability.

“The curb appeal is what kind of got us here. It’s just got a really kind of classic look,” says Ruhl. They were also attracted by the camber-top windows, the original floors and high ceilings.

The pair met when they were both living in downtown Toronto. This house reminded them of the brick charm of their old Annex neighbourhood and had lovely details you don’t often find in newer homes.

“It had an old urban vibe,” says Ruhl. “The interior, however, was basic. It hadn’t seen a friendly renovation hand in many, many years.” The builder reckons the last time any work had been done was likely sometime in the 1970s.

Older homes can often be a bit of a hodgepodge. Someone may have renovated part of the house; years later, someone else renovates another.

The duo made sure to tackle every room, with the aim of creating a cohesive feeling. They took down some of the old plaster, put up drywall, added insulation and replaced windows—a lot of infrastructure work.

They also put in a new kitchen and new bathrooms. “It’s got a modern minimal look inside, but we’ve maintained the character,” says Ruhl.

Vosburgh loves the beautiful natural light that is plentiful in the home. “Definitely for me, a large part of my work is photography and so the natural light in here is really something I cherish,” she says.

They restored some of the trim and kept the walls white. Many remark that the home feels incredibly spacious, which the pair attribute to this light and the high ceilings. “We just wanted it to be as open as it can be, with lots of neutrals and calming spots to just rest the eye and body,” she says.

One of their most impressive projects was the backyard revamp. “Back in the day it was a pretty weird, dank yard,” says Ruhl. It just hadn’t been made a priority, adds Lee.

The new owners will be able to just move in and enjoy. They won’t have to live through the messiness of a remodel: the dirt, the gravel, the concrete being poured. They can simply sit back, relax and admire the details, such as the gothic picket fence where each slat was cut by hand one at a time.

The backyard renovation took about four months and couldn’t have ended at a more perfect time. They finished up just as Covid hit, when suddenly they had this great outdoor space to enjoy.

“We really wanted it to feel like a little hidden oasis. You don’t see it from the road and you don’t really see it from inside the house until you’re out there,” says Vosburgh. “It’s like this surprise little paradise. Because we have these big maples, it’s really nicely shaded with dappled light coming through, so it’s nice and cool even in the dead of summer. A little firepit extends your use of the space when it’s colder, so it’s a really great three-season outdoor area.”

Vosburgh’s favourite part of the house in the kitchen. Ruhl completely updated it; it now has beautiful vaulted ceilings and skylights. “It just is such a fun place to cook and spend a lot of time in,” she says.

The neighbourhood is filled with character-rich homes and is part of the King George Public School catchment area. There’s a good mix of people, including a few who have lived in the area for more than 50 years, as well as couples and young families. The area is very dog-friendly and there are bike trails nearby; less than two blocks away is Wolfond Park, then the Speed River. Walk ten minutes and you’re in downtown Guelph.

The two believe in the stewardship model rather than outright ownership. “We make homes as best as they can possibly be and then we’re ready to hand over the keys,” says Vosburgh.

“The things that the house needed to have done to it have been done,” explains Ruhl. “It’s sort of our general philosophy with building. We want to do things well and make sure that Derry will now stand here for another 100 years.”

Inspired by Ruhl and Vosburgh’s talents? Follow them on Instagram. You can also learn more about their backyard remodelling project.

For more information, visit Nick FitzGibbon’s Let’s Talk Real Estate or call 519-821-3600.

AS SEEN OF GUELPHTODAY.COM

https://www.guelphtoday.com/spotlight/charming-century-home-in-guelph-with-chic-designer-backyard-3519530

Spring is just around the corner…

As we roll into Spring, and buyers are licking their wounds from a very lopsided seller’s market, we are seeing trends develop in the Guelph and surrounding area real estate market. With inventory still very low, sellers are in the driver’s seat and they are seeing properties in the neighbourhoods sell for record-breaking numbers.

I will be the first to tell you that I do NOT have a crystal ball and I can’t predict the future, but I do believe that after coming out of the “Covid 19 Stay Home Order”, and as we enter into better weather, we may be seeing more homes come onto the market as sellers grow more comfortable with the idea of strangers coming through their homes. This may be a pipe dream, and I am not a fool to think that we will suddenly see a balanced market this Spring, but I am hopeful that a slight influx of inventory may result in some relief for those buyers who have spent the last 2 months being aggressive searching and still coming up short.

That being said, I do believe that the value of these homes is being solidified with sale after sale proving their worth. So as I hope there may be less pressure while purchasing a property, I do believe the values will not waiver and the current prices of these homes will remain similar.

I hope this brought some insight into my thoughts on this explosive market, but as always, don’t hesitate to reach out with any questions or inquiries.

All the best,
Nick 

 

Preferred Vendors- Guelph and Surround Area

Oct 23,2024 | Guelph Living

We have been fortunate enough to work with many vendors in the Guelph area over the years. Below is a compiled list of a few of our favorite/trusted vendors to help you with home maintenance and improvements.

Vendor Type Company Name Contact Name Contact Email/Website Contact Number
Air Quality Test Air Quality Solutions https://www.airqualitysolutions.ca/contact-us/ 844-247-8378
Appliance Repair
Electrical Delanium Electrical info@delanium.com 519-830-8001
Flooring Sarmazian Flooring https://sarmazian.com/contact-us/ 519-837-2120
Home Inspector Building Insights Keith Langlois keith@building-insights.com 519-766-7286
Home Inspector Pillar to Post Simon Mayne https://simonmayne.pillartopost.com/contact-us/ 365-544-4332
Home Renovations Fair Slope Construction Dean Fair deantfair@gmail.com 519-803-4458
Home Renovations Worton Homes Grant Worton https://wortonhomes.ca/contact/ 519-658-7068
Home Renovations New Town Construction Andy Bin https://newtownconstruction.ca/ 529-546-6405
HVAC Hy-Mark info@hy-mark.ca 226-917-2686
HVAC Milos
Insurance Broker Brokerlink Michael Durigon mdurigon@brokerlink.ca 519-820-8355
Insurance Broker Sutherland Insurance Zac Sutherland zac@sutherlandinsurance.com 519-822-0160
Landscaping Frontiers https://frontiersdesignbuild.com/reach-out/ 877-589-1068
Lawyer McKenzie Lake Lawyers Kyle Hampson kyle.hampson@mckenzielake.com 519-826-4333 ext 7601
Lawyer SV Law Kevin Thompson kthompson@svlaw.ca 519-821-4146
Lawyer Matthew W Stanley Law Matt Stanley matt.stanley@mstanleylaw.ca 519-829-3607
Lawyer Travers Law Robert Sheldon rsheldon@traverslaw.ca 519-744-2281 ext 260
Locksmith Pop-A-Lock service@popalock.ca 519-894-5625
Mortgage Broker Mortgage Outlet Cody Doiron codydoiron@live.ca 647-203-3049
Mortgage Broker Guelph Mortgage Architects Paul Gazzola paul@tobemortgagefree.com 519-763-6436
Moving Company Mike the Mover info@mikethemover.ca 519-822-0298
Moving Company Swan Moving & Storage info@swanmoving.com 519-821-6683
Painter Urban Savvy urbansavvy3@gmail.com 519-830-4129
Pest Control Skedaddle https://www.skedaddlewildlife.com/contact-us/ 519-658-4400
Remediation/Restoration (Mould/Water/Fire) Service Master claims@servicemasterguelph.ca 226-780-6435
Roofing Wm. Green Roofing William Green info@wmgreenroofing.ca 519-822-6414
Septic Bio-Bob’s Septic Service biobobs@hotmail.com 519-648-3004
Staging Oklu Lu Parkinson lu@oklu.ca 416-885-5466