February 27, 2021
This week our top stories look at bidding wars, home values, a 7-day market update and the market at this time at last year
9 Ways to Win a Real Estate Bidding War
1. Get pre-approved for a mortgage
2. Go in with an all-cash offer
3. Provide a flexible timeline
4. Eliminate your conditions
5. Write a personal letter about why you are the perfect homeowners
6. Be faster than your competition
7. Pay the future price
8. Don’t wait for offer day
9. Include a larger than required deposit with your offer.
12 Factors That Determine The Resale Value Of Your Home
1 Location
2 Your home is located in a good school district
3 Your home has a view
4 Your house has great curb appeal
5 Your home is located in a safe neighborhood
6 Your home is in good condition
7 Your home sits on a large lot
8 Your home has plenty of storage
9 Your home is up to date
10 Your home has a lot of natural light.
11 Your home has a good floor plan
12 Your home has more than one bathroom
Kitchener-Waterloo Real Estate 7-Day Market Update
Average days on market: 13
Median days on market: 7
Average list price: $614,709
Average close price: $722,420
Average SP/LP: 118.99%
Blast from the past
How’s the Market? February 25, 2020
From FOMO to FONFAH. Kitchener-Waterloo home sellers are waiting for spring to list
In this edition of “how’s the market” we visit the updated spreadsheet showing what’s been listed and sold for clients so far in 2020. Now that we are at the end of February, the data shows that list price to sale price ratio is edging up a little.
Waterloo Region Rural Post
My friends at the Waterloo Region Rural Post reached out and asked if I could provide some real estate business news and statistics.
“You betcha, uh huh”, I said.
