Ottawa Home Staging

14 08 2013

living roomAre you a current  home owner who is thinking about selling your Ottawa property anytime soon? If you are, then you will benefit from our topic today: Home Staging, should you do it?

As an expert Ottawa REALTOR, I’m going to tell you why it is important to stage your home-and most importantly, stage the living room of your home, before listing your property.

Ottawa Home Selling Tips

The market shows that staged homes tend to sell faster and for a higher price than non-staged homes. Why? The reasons are clear and simple:

A staged home will make a property feel more warm, inviting, and emphasizes space and light in the home so home buyers can visualize living there.

It is not necessary to stage the entire home, but it is especially important to stage those rooms on the first floor, since home buyers tend to form an opinion about the home withing the first several seconds of stepping inside.

Here are some things you can do to create warmth and  a focal point in the room, whether it’s a mirror over the mantle or candles or something else.

  • Add a rug to the room to help set the scene and create a sense of warmth
  • Set plants in the room. Vegetation signals warmth and life.
  • Set out knickknacks in odd-numbered groupings, like 3 or 7.
  • Use brightly colored accents, such as pillows or flowers.
  • Use smaller furniture to make the room feel bigger
  • Use lamps to bring light to dark corners of the room
  • Avoid blocking windows, which are a great source for natural light

All of these tips have the effect of making your living room feel warmer, more welcoming, larger and more open-which is exactly what today’s Ottawa home buyers are searching for in their new home!

Ready to Sell Ottawa Real Estate

Are you ready to list your Ottawa home for sale with expert Ottawa REALTORS? Contact us today to learn about our diversified marketing plan and how we will target the right home buyers to get strong offers quickly for your Ottawa home.

 





Increase Ottawa Real Estate Value

11 06 2012

Tips For Increasing Your Ottawa Home Value

When it comes to selling Ottawa real estate, you have to take out your emotional attachment to your home, and instead look at it from an investment standpoint. You want to get the most money for your investment and by doing some of these tips to your Ottawa real estate you will be able to count on getting big bang for your buck when the time to sell comes.

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Help Finding the Perfect Ottawa Homes For Sale

5 03 2012

Re/Max Ottawa Real Estate

It’s been called the biggest investment you’ll ever make. No wonder so many people stress over buying a home!

How will you know when you’ve found the right Ottawa real estate for you and your family? Keep an eye out for these signs-they will help you know whether you have found “your home”:

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Market Outlook 2010

5 12 2009

Housing performance expected to accelerate in 2010, as economic stability returns to Canadian markets, says RE/MAX

Fifteen markets to set new records for average price in 2009

In the midst of one of the most tumultuous economic periods in recent history, residential real estate has proven to be a safe harbour, with sales and average price expected to post gains in most major Canadian cities in 2009, according to a report released today by RE/MAX.

RE/MAX Housing Market Outlook for 2010 examined residential real estate trends in 23 markets.  The report found that sales are forecast to recover in almost all major centres by year-end 2009, led by an anticipated 45 per cent increase in Greater Vancouver. Two markets –Ottawa and Quebec City — are expected to hit historic highs in the number of homes sold.  Average price should post new records in 65 per cent of markets surveyed this year.   As economic performance ramps up across the country, so too will residential real estate.  Eighty-three per cent of markets (19/23) are expecting sales to increase over 2009 levels while housing values are forecast to escalate in 91 per cent (21/23) of Canadian centres in 2010.  The remaining markets will match 2009 levels.
 
Approximately 465,000 homes are expected to change hands nationally in 2009, a seven per cent increase over one year ago.  Canadian housing values are forecast to close the year at $318,000, up five per cent from $303,594 in 2008. By year-end 2010, the number of homes sold is predicted to climb another two per cent to 475,000 units.  The average price of a home is also expected to experience an uptick, rising two per cent to $325,000 – the highest level in Canadian history.

“2009 was without question the year of the house,” says Michael Polzler, Executive Vice President, RE/MAX Ontario-Atlantic Canada.  “Real estate not only defied industry and analysts’ predictions in 2009  — it’s performance went well beyond the realm of expectation by boosting consumer confidence levels and ultimately kick starting the national economic engine.  While low interest rates were a principle factor driving home buying activity, no one can discount the value that Canadians place in owning a home.”

The upswing in residential housing values speaks volumes.  By year-end 2009, average price is expected to increase in 15 of the 23 markets surveyed, led by St. John’s, NF (15 per cent); Quebec City, QC (eight per cent); Regina, SK (seven per cent); Saint John, NB (six per cent); and Winnipeg, MB, Ottawa, ON, and Greater Toronto, ON (five per cent). Other noteworthy developments include shattered price benchmarks in Greater Vancouver at $600,000; Toronto at $400,000; Ottawa at $300,000; and Quebec City and St. John’s at $200,000.   St. John’s will once again lead the country in terms of percentage increase in average price in 2010 with a projected upswing of 11 per cent.  Quebec City and Regina are expected to experience escalation of six per cent, while Calgary, Kelowna, and Victoria are forecast to climb five per cent next year.  Victoria, Kelowna, Edmonton and Calgary – all down marginally in 2009 – are all positioned for growth in 2010.

“Some of the greatest percentage gains were reported in Western Canadian markets in 2009– demonstrating the higher the peak, the lower the valley,” says Elton Ash, Regional Executive Vice President, RE/MAX of Western, Canada.  “That said, the recession barely registered on year-over-year activity in most major centres.  The economic fundamentals in place going forward ideally position the ten provinces, and the sector overall, for further growth.”

The major frontrunners in terms of unit sales appreciation in 2010, are all located in Western Canada, including Kelowna with an anticipated upswing of 10 per cent in housing sales; Calgary with an expected increase of eight per cent: and Victoria, which rounds out the top three with a seven per cent hike forecast for unit sales. 

“Canadians continue to demonstrate their commitment to homeownership – regardless of the economic climate,” says Sylvain Dansereau, Executive Vice President, RE/MAX Quebec.  “No where in Canada is that more evident than in Quebec. The province, with one of highest percentage of renters in the country, is well-poised for an escalation in homeownership levels as renters enter the market en masse to take advantage of ideal market conditions. Prices remain well under the national average, making ownership more attainable and leaving more room for appreciation that’s been long overdue.”

A number of factors will help prop up activity going forward, including improved economic conditions, continued low interest rates, rising consumer confidence and solid capital spending which will buoy employment.  Inventory will once again assume the wildcard role, with any decline placing upward pressure on prices.  Multiple offers will remain the exception in most markets, more commonplace on quality entry-level product which remains in tight supply.





Is the Ottawa real estate market “bulletproof”?

22 07 2009

It certainly looks like it.

After the 5 month “pause in the market from October 2008 to February 2009 the Ottawa market has roared back to life, echoing the positive climate in most other major markets in Canada.

Members of the Ottawa Real Estate Board sold 1,895 residential properties in June through the Board’s Multiple Listing Service® system compared with 1,685 in June 2008. This is an increase of 12.5 per cent. Listing inventory is at a very low level, which has led to competitive bidding on many properties.

Of those sales, 418 were in the condominium property class, while 1,477 were in the residential property class. The condominium property class includes any property, regardless of style (i.e. detached, semi-detached, apartment, etc.) which is registered as a condominium, as well as properties which are co-operatives, life leases and timeshares. The residential property class includes all other residential properties.

June was the third consecutive  record month in volume sales for Ottawa and year to date sales as of the end of June are up one per cent over the same time period in 2008.

The average sale price of residential properties, including condominiums, sold in June in the Ottawa area was $306,924, an increase of 3 per cent over June 2008.

At the end of the day, Ottawa is a very stable city with great employment opportunties and a largely affluent population. The future is bright for home ownership in Ottawa and it may very well be one of the most affordable cities to invest in with a tremendous potential for equity growth as we move into the next decade.

RE/MAX Affiliates Realty Ltd. is proud to offer unparalleled real estate services to buyer, sellers and investors in the Nation’s Capital. Contact one of our award winning salepeople at 613-216-1755 or www.remaxottawa.ca