Category Archives: Buying Real Estate on Pigeon Lake

Ultimate Service® For Buyers – Kawartha Lakes Real Estate

Coldwell Banker Ultimate Service® Program For Buyers

Safeclose + Ultimate SeviceWhen it comes to real estate, it seems like everyone talks about customer service. Your Coldwell Banker® team recognizes that you want more than just conversation. You want a commitment to action. That’s why we’ve created Ultimate Service® a system that puts you in control. Ultimate Service delivers real value and assures you the highest level of customer satisfaction.

We Listen

We want to know what things are most important to you, the customer. Tell us. We’ll listen.

Together, We Set Written Service Standards

We’ll develop a customized service plan that reflects your specific needs. We will live up to these written commitments, or you have the right to cancel your Buyer’s Agreement.

You Evaluate Us

We’ve surveyed thousands of customers from coast to coast. Their needs, wishes and expectations have helped us establish the high standards of performance we work so hard to provide to every customer –every time. That’s why when our job is done, we’ll ask you to complete a Customer Satisfaction Survey telling us how we did and how we can improve.

The Result: Ultimate Service

via Ultimate Service® For Buyers – Kawartha Lakes Real Estate.

Kawartha Lakes Real Estate – Market Watch Issue 14-11 – Kawartha Lakes Properties

Kawartha Lakes home sales post best November in more than a decade

Home sales recorded through the MLS® System of the Kawartha Lakes Real Estate Association Inc. came in above year-ago levels in November 2014.

Residential sales numbered 89 units in November 2014, an increase of 9.9 per cent compared to November 2013. November’s sales figure was the highest for the month since 2001, and stands just eight sales below the all-time November record.

On a year-to-date basis home sales were running 0.7 per cent ahead of the same period in 2013 and are on track for the best annual total in in seven years.

New residential listings on the Association’s MLS® System totalled 114 units in November 2014, up 3.6 per cent on a year-over-year basis.

There were 451 active residential listings on the Association’s MLS® System at the end of November, down 3.8 per cent from a year earlier.

There were 5.1 months of inventory at the end of November 2014, down from 5.8 months reported at the same time last year and below with the long-run average for this time of the year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

via Kawartha Lakes Real Estate – Market Watch Issue 14-11 – Kawartha Lakes Properties.

Kawartha Lakes Real Estate Market Conditions – BRAD NELSON

Kawartha Lakes Real Estate Market Conditions

Kawartha Lakes Real Estate Market Place

Kawartha Lakes Real Estate Market Place

Why the Kawartha Lakes Real Estate market heats up as the weather cools.

No one wants summer to end but the up side is that the busy fall Kawartha Lakes real estate market heats up.

July and August are busy in the Kawartha Lakes with visitors from all over the world making the Kawartha Lakes their holiday destination. With the hectic nature of unplanned summer activities and even planned activities, the search for real estate gets put on the back burner in favour of family fun.

All that is about to change: Every year, on the day after Labour Day, the Kawartha Lakes real-estate market explodes like clockwork. Home Buyers revisit the Kawartha Lakes to view the communities at a more relaxed pace. The fall colours, cooler temperatures and relaxed pace of life enjoyed by Kawartha Lakes Residents can be seen and enjoyed by those considering retiring to the Kawartha Lakes.

The fall boom is very much a chicken-egg situation: Buyers don’t get down to business until the listings are in abundance, but sellers don’t list their properties until the buyers start looking.

So what does this mean for the fall market? There’s more choice, for one. Buyers could come across multiple suitable properties that satisfy their search criteria. In some instances “deals” can be found as properties that have not been picked up in-season are reduced in the quest to find a buyer. Cottage owners may have decided to use the cottage for one last summer and enter the fall market new and fresh. Prepare to be in a competitive market place for these first time listed family gems. Fall price reductions on older inventory can spark competition from the many potential buyers that saw the property over the summer but did not feel it was priced competitively at the time.

You’d be naive to think that when a Kawartha Lakes home or cottage within your price range hits the market, that you’re the only person who’s going to stumble on the deal and submit an offer. By readying yourself for a competitive market now, you won’t be disappointed later.

Doing your property homework in advance and learning about the Kawartha Lakes is the first step towards making your cottage or retirement dreams come true. Many of my past clients began exploring the villages and towns in the area with day trips to the area. Checking out the neighbourhoods like Victoria Place and Port 32. Making note of the styles of homes you like, the locations of parks and points of interest, proximity to retail, and other important family and health considerations is essential to making an informed decision.

Market predictions for the fall: The fall will be the same as this past spring—we’ll see competition for quality family homes, and waterfront properties. I expect that prices will continue to rise. I wish climbing costs weren’t the case, but they will be as long as the Kawartha Lakes continues to be a preferred retirement and recreational area with-in easy reach of the GTA..

The fall market moves quickly. We get two harried months in September and October before the market slows in November, then dies out almost completely in December.

Finding your ideal retirement or recreational property in the Kawartha Lakes is made easier when you work with a local Realtor who knows the area and knows the market place and trends. This requires the commitment of both the buyer and the buyer’s agent. Finding the perfect Kawartha Lakes home or recreational property is a huge commitment, if you plan on spending 10 to 15 years or longer in the property you buy, then choosing the right buyer’s agent is the place to start.

For additional information about the Kawartha Lakes Real Estate Market place and the advantages of Life in the Kawartha’s contact Brad Nelson – Broker and Kelli Lovell- Sales representative and let’s get started

via Kawartha Lakes Real Estate Market Conditions – BRAD NELSON.

Elements of an Offer Explained

Elements of an Offer Explained

There are six key components to the elements of an offer. They are: Price Depending on the local market conditions and information provided by your Real Estate Professional, the price you offer may be different from the seller’s listed price. It can often take some negotiation to come up with a price that you and the seller are happy with. Deposit Your deposit shows good faith and will be applied against the purchase of the home when the sale closes. Your Real Estate Professional can advise you on an appropriate amount. Terms Includes the total price offered and the financing details. You can arrange your own financing or ask to assume the seller’s mortgage, especially if it has an attractive interest rate. Conditions A condition is a term or requirement stated in the purchase agreement, which must be met to fulfill to sale of the home. These might include “subject to home inspection”, “subject to you obtaining financing”, or “subject to you selling your property”. Inclusions and Exclusions This section includes a list of items that will be included as a part of the home. These might include appliances and certain fixtures or decorative items, such as window coverings or mirrors. These items would remain in the house. If you see something in a home that you really like, make sure you add it to the inclusion section of the  Purchase and Sale Agreement. If you’re the seller and there are items you don’t want included in the sale of your home, make sure you add it to the exclusions. Closing or Possession Date Generally, the day the title of the property is legally transferred and the transaction of funds finalized. via Elements of an Offer Explained – Blog –

Top 10 tips for downsizing – Style At Home

Search kawartha lakes propertiesCut out the unnecessary before you move to a smaller home.

Whether you’re an empty nester moving from a house into a condo, or a renter trading in a two-bedroom for a studio, you’ll have to say sayonara to some of your stuff. Stressed out by the prospect? Don’t be. Sarah Moyse and Jennie Davidson, Toronto-based moving planners and owners of Wren Designs, offer 10 tips designed to make downsizing a snap!

1. Write a list of all the items you love and can’t live without; it will help you bid adieu to things that didn’t make the list. “It’s hard to persuade people they can’t take everything with them,” Sarah says. “But by keeping what’s on your wish list, you won’t be upset about the things you can’t keep.”

2. Start thinning out your belongings at least three months before the move. Take some time each day, or one morning each week, to go through that jammed coat closet or overflowing filing cabinet. “Paper is the real killer,” Jennie says, so tackle it one box at a time. The same goes for photos, which require a lot of attention.

3. Get a feel for the size of your new rooms by comparing them to rooms of similar dimensions in your present home. For instance, your living-room-to-be might be roughly the same size as your current bedroom. You may think you can squeeze in two sofas, but this kind of reality check could help you realize that only one will fit comfortably.

4. Heavily edit areas with items that don’t have as much sentimental value. Take the kitchen, for example; most people don’t need 10 mixing bowls and won’t get teary-eyed over losing a second spatula. If you’re downsizing from a house to a condo, target the garage. Snow shovels, the lawn mower, ladders – you won’t need any of them.

5. Don’t throw anything in the garbage. Recycle, reuse, sell and donate instead. As tempting and easy as it is to pitch wire hangers, musty clothes and shabby furnishings, be environmentally responsible and find a home for everything. A can of Comet with a few shakes of powder left could make someone else’s sink sparkle if you don’t want it; consider giving supplies to a shelter, neighbour or cleaning lady.

via Top 10 tips for downsizing – Style At Home.

Top 7 Reasons to Use a Buyer’s Agent When Purchasing Your KAWARTHA LAKES Real Estate – Blog – Brad Nelson

Bobcaygeon Real Estate - buyers agent

Top 7 Reasons to Use a Buyer’s Agent When Purchasing Your KAWARTHA LAKES Real Estate

Purchasing a home or vacation property in the Kawartha Lakes is a big step, and a big decision. The average person spends around 1/3 of their income on their home. The home that you choose has a big impact on your life, and can have a big impact on your finances, as well. It always surprises me when Buyers attempt to “go at it alone” because of the possibility of mistakes. A good Buyer’s Agent is invaluable to a Buyer, and can be the difference between a wonderful transaction, and a nightmare.

1) Full Access to the MLS The Multiple Listing Service (MLS) is a powerful tool that only Realtors have access to. When listing agents market a home for sale, they typically allow any Realtor to present the home to potential buyers, and to present contracts for purchase. The MLS is a database of all homes listed by Realtors, and represents roughly 99% of the homes for sale in any given market. As technology advances, so does the MLS. It has evolved into an extremely powerful search engine that allows your buyer’s agent to enter in search criteria, and returns only homes that match those specific parameters. Buyers can find a lot of this information online through IDX feeds available on many websites, but this information is a “watered down” version of the MLS because the IDX search engines aren’t quite as powerful, and don’t return as detailed profiles as the MLS.mls - Search for Kawartha Lakes Real Estate

2) Maximize Your Time While driving neighborhoods is an excellent idea to help you decide which locations you prefer, it’s not a very efficient way to find your new home. Gas is expensive, and your time is valuable. Your Buyer’s Agent will listen to your needs, make fantastic suggestions based on your likes & dislikes, and provide you with a list of homes that ALL match your wants & needs. Your Buyer’s Agent has helped MANY new homebuyers through MANY purchases, and will help you better organize your search & decision making process – saving you valuable time.

3) Representation Listing Agents enter into legally binding agreements that require them to ALWAYS act in the best interest of the seller. They are the seller’s “coach” and will make sure that their clients’ best interests are looked after. Luckily, your Buyer’s Agent is there to make sure YOUR best interests are accounted for. With your expert Buyer’s Agent in your corner, you can rest assured that you’re on, at least, even ground with the home seller. A football team would be at a pretty significant disadvantage without a coach – just as you would be without a Buyer’s Agent.

4) Negotiating Power The MLS maintains a record of, not only all homes listed by Realtors in a given market, but also the sales price of those homes. Your Buyer’s Agent will run a Comparative Market Analysis (CMA) to determine a prospective home’s Fair Market Value (FMV). In simpler terms, your Realtor will look at similar homes in the same neighborhood that have sold recently. This way, you will know whether or not the seller has their home priced fairly. If the home is priced over Fair Market Value, your Buyer’s Agent can present your “under asking price” offer with plenty of firepower – and a greater chance that the offer will be accepted.

5) Experience The average person buys 3-5 homes in their lifetime. A good Buyer’s Agent will assist in 3-5 home purchases every month. What might seem complicated and intimidating to you is fairly common and familiar to your Realtor. Your Buyer’s Agent will know what to expect, and will know when to alert you if anything out of the ordinary occurs.

6) Industry Contacts It takes a lot of people to close a real estate transaction – Buyer’s Agent, Listing Agent, Loan Officer, Inspector, Appraiser, Insurance Agent, General Contractors, and sometimes more! A good agent will come with a strong closing team that has performed in the past, and will continue to perform. A transaction is only as strong as its weakest link – with your strong Buyer’s Agent & their closing team, you can rest assured that you will have plenty of support.

Search kawartha lakes properties7) Piece of Mind If you are like most people, your home is the largest purchase you will ever make. The average person spends around 1/3 of their total monthly income on their home. This is a big decision and you don’t want to go at it alone. When you use a trusted Buyer’s Agent, you know that your best interests are accounted for, and that you can feel confident in your purchase. Purchasing a home can be a fun and exciting process. However, the home buying process can be intimidating, and mistakes are possible. A Realtor who specializes in working with Buyers can help alleviate the fears & possibilities for mistakes. Make sure and use a Buyer’s Agent on any real estate transaction, and you will help ensure that you are making the right decisions.

Posted by Brad Nelson on June 10, 2013

via Top 7 Reasons to Use a Buyer’s Agent When Purchasing Your KAWARTHA LAKES Real Estate – Blog – Brad Nelson.

Buying Real Estate in the Kawarthas – 2. Decide what you want to buy

2. Decide what you want to buy

moving to the kawarthas - real estate kawartha lakesNowadays, there are many different types of homes to choose from. And there are pros and cons to each. Take a minute to reflect on your lifestyle and based on that, decide what best fits you. To help, we’ve broken down the most popular housing options here.

First, decide where you want to live

Urban
Ahh, the big city. Sure the prices are generally higher, but you can walk to a restaurant, maybe even to work. You’ll also have the widest range of housing options.

Suburban
Newer schools, newer shopping centres, bigger yards, bigger homes, no wonder so many people love the suburbs.
Smaller Cities and Towns
Canada is dotted with thousands of wonderful self-contained communities, and compared to the big city, you can save a bundle.

Country living near bobcaygeonRural
If you like the idea of owning land, how about a few acres all to yourself? Seclusion is not for everybody, but for some, it’s heaven.
Next, decide what type of home you want
By now, you probably have a good idea of what type of home is right for you. To familiarize yourself with the terminology, here’s a quick overview:

Single-family detached:
As the name implies, the home is not attached to the home next door. Styles range from a single-story suburban bungalow, to a three-story Victorian.

Semi-detached or linked:
Two houses that share a common wall. Usually less money than a fully detached home.

Duplex:
A building zoned for two families.

Town house:
Also known as terrace or row housing. Several homes with a common style and joined in a row. They usually share walls on both sides.

The condo alternative
How Condos are owned
You’ll own 100% of your unit, and a share of the common areas. Common areas include the necessary plumbing, electrical systems, hallways and elevators. They may also include lots of fun stuff like a private gym or party room.

Condo fees. Membership has privileges — and costs
On top of your mortgage and property taxes, condo owners also pay a monthly fee to operate and maintain the common areas. Be sure to look into condo fees, and how well they’re managed, before signing anything.

bobcaygeon - find a real estate agentNew or resale?

Resale. Previously loved
Nothing can match the charm and character of an older home. As a bonus, the previous owner may have made improvements and upgrades and you get them with the house, usually for less than the cost of putting them in yourself. However, some may have a little too much ‘character’, like a leaky roof. Know what you’re getting into.

Ahh… that new house smell
If you’re having a new home built from the bottom up, carefully examine the property, the blueprints and visit other homes built by the same company. Have your REALTOR® and/or lawyer review everything before you sign. While your home is being built, stay on top of the process. And remember, you have a legal right to make a full inspection of the house before you accept it as complete.

Buying real estate in the Kawarthas – 1. Make sure you’re ready to buy

selling real estate kawartha lakes1. Make sure you’re ready to buy

If you’re thinking of buying a home, 2nd home, cottage or vacation property in the Kawartha Lakes, you’ve come to the right place. With my personal knowledge  of the local market and the power of  the Coldwell Banker R.M.R. brand on your team, your hunt for Kawartha Lakes real estate will be a smooth and trouble free experience.

But before we jump right in, you have to make sure three things are ready: you, your bank account, and the real estate market.

Are you ready? Be sure

Few joys can match the pride of owning the roof over your head, but you will have to make some sacrifices. There’s the obvious financial responsibility, but your home will also require constant care. That’s what real pride of ownership is all about.

trent canal at bobcaygeon

Lock 32 docking on Pigeon lake side.

Is your bank account ready? Check it twice

Your first home will be the biggest financial obligation you’ve ever faced. You should ideally have saved up some money for a down payment and are managing any debts like student loans or credit cards. In a couple steps you can determine how much you can afford.

Is right now a good time to buy?

Markets go up, markets go down and even the smartest experts can’t accurately predict when a market will peak or bottom out. If you’re buying a home as a long-term investment (and for long-term enjoyment), you should be protected from short-term changes in the market. Pick a home that meets the needs of you and your family. Then you’ll enjoy living in your investment as it grows in value.

via howrealtorshelp.ca – Preparing to buy.

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