March 23 – Update

Guelph Real Estate Results amidst Covid-19

Well, the world has changed in a week! Many people are returning home from March Break vacations, some of which were cut short. Snowbirds have returned home earlier than normal and Ontario has just announced the closure of all non-essential businesses for the next 2 weeks to further the message of social distancing and self-isolation.

I don’t know how that will impact the Guelph Real Estate Market long term. The market was VERY Hot entering March break with a low inventory of homes for sale and what seemed to be a growing number of buyers. Between March 16 and March 23, 2020 (the last 7 days) we saw a net gain of just 4 homes for sale. In that time period, Guelph itself saw 82 new listings, 19 conditional sales, 31 firm sales along with an additional 28 sales firm up from conditionally sold to sold.

Now, with all of the scrutiny on many businesses to help “flatten the curve” Real Estate is no different. We must as an industry continue to service and do a good job for our clients, whether they are a buyer or a seller. However, we also have an obligation to our communities to take every precaution reasonable to ensure our, our clients and public safety in these unprecedented times.

Royal Lepage Royal City Realty announced several changes early last week. These changes are to allow us to still service existing and new clients while maintaining the utmost sensitivity to the current situation.

  • Not hosting public or agent open houses.
  • Not allowing “shared” showings with multiple Realtors and clients of currently listed properties at the same time.
  • Closing our offices to the public.
  • Requesting that all showings include sanitization procedures, before, during and after.
  • Using electronic signatures whenever possible.
  • Encouraging virtual tours, virtual open houses, and virtual showings when possible.

While this list isn’t complete, and it changes daily if not hourly at times, working for a Real Estate Brokerage that puts our clients, staff and public safety at the forefront is something that makes me proud.

If you would like to discuss how the current situation affects your home value, or how it affects the buying process, I would be happy to set up a phone call, coffee or home evaluation. If you just wanna chat real estate over a virtual coffee… I can arrange that as well. E-mail Me Here

What to do during the Covid-19 Self-Isolation Period

Take a look at your home from a buyer’s perspective.

Well, you are stuck at home, and solitaire gets boring after a while.  One of my suggestions is that you take the self-isolation time to start thinking about how a potential buyer would view your home?  Even if you aren’t planning on selling today, tomorrow or as one client puts it… “that’s for my trustees to worry about”  It’s a good perspective to take as you purge and evaluate your home?  

There had been a lot of social media banter on what to do during the Covid-19 Self-Isolation period. Taking the time to give your home a deep clean will have lasting benefits, and of course, free up more time for social activities when this is over.

Go out to the street…. look at your house?  Compare it to houses you’ve driven past that you liked.  Is there something simple you can do during this break to improve the “curb-appeal?

Next, pretend you are me, showing a prospective buyer, your home.  Walk in the front door, turn on the light and look around.  Is it clean, tidy, and inviting?   After all, this is the first impression of your home.

Take this same approach room by room, along with doing that deep clean you’ve wanted to do for a while anyway, and soon your home will feel like a model home.  

Please don’t do too good of a job, I don’t want you to love your current home and decide you are staying until the 50th anniversary of the Covid-19 Pandemic.

When the dust settles, and we look back on this chapter in our lives, I hope we look at it with a sense of, that wasn’t so bad. Either way, give me a call, I’d love to see how your cleaning and purging worked out.

Small Changes, Big Differences with Home Staging

Ever wonder what exactly is Home Staging?

Home staging is the preparation of a private residence for sale in the real estate marketplace. The goal of staging is to make a home appealing to the highest number of potential buyers, thereby selling a property more swiftly and for more money.

Wikipedia

When touring homes for sale, and showing them to clients, I see so many different examples of Home Staging. Whether it’s a full selection of rented furniture and decor to make a vacant house pop, or just some subtle changes to make your home photograph well, the options are endless. Even the smallest staging efforts will help make the photos look better, the viewings last longer, and hopefully the offers arrive quicker.

This video from Designing Spaces featuring home staging expert and author of “The First Seven Seconds”, Karen Conrad helps show what some small changes can do.

A stager will help you declutter, remove personal effects, and create a sense that someone could live here as soon as they walk in the door. Did you know that you should also declutter your closets, cupboards and storage areas? Nothing says too small like closets that explode when you open them or cupboards that are stuffed with junk.

If you are thinking of selling your home, I will gladly have a look, make some suggestions, and when the time comes, arrange for a professional stager to consult on where to start, what to do, and help you make your home look it’s best for a photoshoot.