October 9 2017 Kitchener Waterloo Real Estate News Update

October 9

October 9 2017

Kitchener Waterloo Real Estate News Update

 

October 9 2017. In today’s news: Amazon real estate, Lonely Planet thinks KW is boring, the Open House conundrum, myths about house selling, neighbourhood gentrification, tips for buying land

 

Amazon now occupies 19 percent of all Seattle office space

Amazon currently lays claim to 8.1 million square feet of office space in Seattle. That number is expected to rise to 12 million square feet in the next five years. The company has spent over $4 billion on real estate in Seattle over the past two decades.

Lonely Planet thinks we’re boring

Kitchener-Waterloo is two cities for the price of one, and it even contains the headquarters for Blackberry. However, “neither city is particularly exciting,” writes Lonely Planet. If it doesn’t happen to be Oktoberfest, tourists are advised to speed through as quickly as possible.

Myths sellers believe about pricing their home

Many home sellers succumb to myths about home pricing that don’t match the reality of the housing market. Realtor.com (USA) recently highlighted several of those common pricing myths.

Do you really need an Open House?

I think they are old fashioned (out-of-date) marketing tools still in a Realtor’s bag, like a rusty old adjustable wrench or some masking tape left over from that last painting job so oh so many years ago. Like the painter’s tape, the perennial favourite – the Sunday Open House – is a little worse for wear, a little frayed around the edges, but still might have some value

How can you tell if a neighbourhood is gentrifying?

Is it the art gallery that appears next to the bodegas? Is it the hipster coffee shop opening up where the old deli used to be? Maybe it’s the expensive new condos rising up across from the older row houses? The problem with any of these obvious indicators is that by the time they appear, it may already be too late.

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5 tips for buying land as an investment in Ontario

As any old real estate hand knows, every market is different. If you’re interested in buying land as an investment anywhere in Ontario, you’ll want to keep these five points in mind — and find a trusted estate agent who knows the region well.

What is a Poronkusema?

About ten kilometres

To renovate or relocate, that is the question.

Adding value to any property is always less expensive than moving. Not only do you get the years of enjoyment out of a bathroom or kitchen renovation, but you will get financial return on investment when you eventually sell.

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