W2 Realty Team : Blog : Latest Blog Posts

How a Realtor® Can Help You - Buying or Selling a Home

Wed, 17 Jan 2024 16:48:00 GMT

What are the benefits of using a REALTOR®?

Whether you’re buying or selling a home, it’s important to understand from the outset how professional representation can help you at every step of the process.

Buying or selling a home is a major financial (and emotional) undertaking and

your REALTOR® is more than just a "salesperson".....we act on your behalf as your advocate, providing you with professional advice and guidance.

While the Internet has opened up a world of information not previously available to consumers, the data on listings available for sale, while interesting, is only relevant in context in our local market. In a competitive market, whether you are buying or selling, you need the most current information about what has sold or is currently for sale, any pertinent changes in pricing, as well as any additional information we have about specific properties beyond the listing details.

The way to ensure you have that information is by enlisting the help of a REALTOR®.

Buying a Home:

As a buyer, there are many advantages to having a REALTOR® work with you:

We simplify the process of finding you the perfect place by matching up properties that fit with your criteria & arrange all property showings. As buying or selling your home is a very personal transaction, many people tend to feel more comfortable using an agent as a liaison rather than having to deal face to face with potential buyers or sellers. The best part is it doesn't cost you, the buyer, anything to have a REALTOR® work on your behalf as buyer’s agent is compensated via a percentage of the seller’s brokerage commission.

Once we find the right property for you, we will develop a negotiation strategy based on our industry knowledge and experience, facilitate all the contracts and paperwork, as well as negotiate the purchase on your behalf including price, possession, inclusions & any conditions to the purchase.
We can recommend industry professionals, such as mortgage brokers, certified home inspectors, real estate lawyers, insurance agents, movers, & even proven contractors for any projects that need to be addressed. We will be with you through your home inspection and will help guide you through that process as well.

We also work closely with all parties involved in your home purchase & ensure that all documents are provided to your Lender & Lawyer.

Selling a Home:

When you're selling your home, you gain access to the most qualified buyers by being listed on the Multiple Listing Service. Whether you are buying or selling a home, MLS® is your best tool. By having your listing as part of the MLS® system you instantly have all of the REALTORS® in the city considering your property for their qualified buyers as well as national exposure to potential buyers relocating to the Regina area.

That is really the key....getting it in front of the highest number of people who are actively looking for a property with the same characteristics as yours, in your price range and neighbourhood.

We are your liaison with other local real estate agents to help promote your property & to work together to help affect a great end result for you!

One of the most important things we do is to help you price your home correctly through our experience and understanding of the market & comparable sales.

Great marketing of your property starts with professional photos & video tours. We will arrange that for you and we will help to advise you & give you our recommendations to ensure that your home & yard are photo ready and engaging to potential to buyers.

Because today's home buyers and sellers are so much better informed than in the past, our expertise and ability to communicate that, are becoming much more important. Our profession and the service we provide is evolving and we are becoming as much a "guide" through the process as a "salesperson".

We are your personal representative when you are buying or selling a home and we will be with you every step of the way!

We look forward to working with you & if you have questions about anything real estate, we are here to help! Email us at info@w2realtyteam.com

Happy House Hunting!
Karin & Jen

Preparing your Home for Sale - Fall & Winter Edition

Wed, 13 Oct 2021 15:05:00 GMT

Selling a home in Regina, Saskatchewan

Curb Appeal Tips for Selling Your Home

Fri, 14 May 2021 16:19:00 GMT

How To: Curb Appeal for Selling a Home

What Costs Can You Expect When Buying a Home?

Mon, 22 Feb 2021 20:06:05 GMT

What are the Typical Costs involved in a Home Purchase:

It really just begins with the actual purchase price of your home, so we want you to be prepared for the additional costs that come along with the home buying process.

Here are some of the common items you can expect(some are optional & some may be required by your lawyer or lender):

Home Inspection:

Once you find a property, you need to know everything you can about the home — good and bad. Home & Sewer Line Inspections can uncover issues that could impact the purchase price, or slow or stall the sale. These reports are optional, but can help you confirm that this is the home for you and also help prepare for possible projects to be addressed in the future.

A home inspector checks that all major elements in the home are in good working order. A home inspection helps you make a more informed decision about buying a home but is not designed to be a renegotiation necessarily.

If a roof needs repairs, you want to know about it right away and if the ducts require cleaning, a normal maintenance item, you want to know about that too!

Average cost is $450.00 plus taxes.

Sewer Line inspection:

Optional but we recommend it in most cases, and especially in more established neighbourhoods where sewer lines may be older & where mature trees are the norm, and tree roots may cause blockages. Sewer line issues can be costly to deal with so having this information is valuable prior to completing a home purchase.

Average cost is approximately $125.00 plus taxes.

Property appraisal:

When you apply for a mortgage, your lender may order an

Appraisal to get an estimate of the property's value. You may need one for financing purposes, so factor this into your closing costs. Ask your lender/broker for more information about the costs involved & if they think it will be required for your purchase.

Title insurance:

Your lawyer may encourage you to buy an owner's title insurance policy. In some cases, your lender may require a lender's title insurance policy, which is generally at your expense. These title insurance policies protect you and the lender from title fraud, municipal work orders, zoning violations and other property defects. The lawyer usually adds title insurance costs to your legal bill.

The average cost is between $185-250.

Property insurance:

Property insurance protects you in case of fire and certain other disasters. Your lender requires you arrange property insurance for your home's replacement value. The insurance must be in place before your lender advances the mortgage funds. Cost will depend on your coverage. There are new add-ons to cover your sewer line and replacement protection of items like your appliances, furnace etc. Be sure to ask what options are available to you!

Legal fees and disbursements:

These are the final expenses you need to plan for prior to possession of your new home!

After removal of conditions, your lawyer will send you a transaction report which includes copies of all relevant legal papers.

Disbursements include any expenses your lawyer had to pay for work on your behalf. Legal Fees vary from law firm to law firm but average between $1500-1700 including applicable taxes. We can request a quote specific to your purchase so you know what to expect.

Adjustments will also be made for property taxes and pro-rated rental charges on water heaters etc, where applicable.

In addition, your total legal bill will also include land title transfer fees which are dependent on the purchase price of your home, but is equal to .04 cents/thousand dollars of purchase price.

So, for example if you are purchasing a $500,000 property your total legal costs, plus title transfer fees will be approximately:

$1,500.00-1,700 Legal Fees

$2,000.00 Land Title Transfer

$ ?? Additional Adjustments for Property Taxes, Rental Contracts

Having this information can help you to be prepared for all of the costs that come along with the purchase process, beyond just the purchase price of your new home, so hope there are no surprises along the way!

Happy Home Shopping!

~ Karin & Jen

Is 2021 Your Year to Make a Move? 3 Things To-Do Now!

Mon, 22 Feb 2021 19:14:07 GMT

To-Do List when Buying or Selling a Home in 2021

Is 2021 Your Year to Make a Move? 3 Things To-Do Now!

Mon, 04 Jan 2021 20:54:02 GMT

To-Do List when Buying or Selling a Home in 2021

2020 YQR "Shop Local" Holiday Gift Guide

Fri, 11 Dec 2020 23:15:14 GMT

Support Local Holiday Gift Guide

YQR Market Experiencing Strong Recovery!

Sun, 12 Jul 2020 17:25:47 GMT

JUNE 2020 YQR Real Estate Market Update:

As the province continues to re-open, the real estate sector is experiencing a strong recovery!

Year-over-year sales across the province were up close to 50% from June of last year and down only slightly year-to-date, signalling that we’ve nearly recovered all of the sales lost during the COVID lockdown.

New listings were up almost 8% over June last year and the median home price was up almost 2%.

Total inventory is down indicating that people are eager to buy now and make up for lost time due to the pandemic, which are seeing personally in our business for sure!

Average Days on Market in June was 58, down from 66 days in May.

From our SRA Media Release regarding June 2020 Market Activity:

“This recovery was expected as physical distancing restrictions were loosened and as people’s confidence began to return. With the economy getting back to “normal”, people are getting excited to buy homes.

“We’ve seen properties in some markets sell within days of being listed,” said SRA CEO Jason Yochim. “And we’ve even seen bidding wars start to break out”, suggesting that people are quite motivated to buy and may be willing to pay more than full listing price. “

This could help to further fuel Saskatchewan’s recovery as people feel encouraged to list their properties as activity increases and home prices rise.

Check out the full July 2020 SRA Media Release here!

If you have questions about buying or selling real estate in Regina, or the market in general,feel free to reach out to us. We're here to help!

Email: Info@W2RealtyTeam.com

Happy House Hunting!

~ Karin & Jen

YQR Real Estate Market Update: Strong Recovery Expected!

Sat, 06 Jun 2020 17:46:06 GMT

“SASKATCHEWAN REAL ESTATE MARKETS REBOUNDING AS PROVINCE RE-OPENS: Strong Recovery Expected”

The May 2020 market stats are out and signs remain positive! We have seen a lot of activity in the market since the beginning of May when our provincial re-open plan began and the hopefulness & positivity we see in our province is reflected in both buyers & sellers appetite to make a move in real estate!

Here’s a snapshot of what happened in our market in May:

* Sales in Regina held in May at 293 vs 289 in April, but still down from 339 sales YTD.

* The number of new listings in May 2020 rose dramatically to 644 from 286 new listings in April this year, but more on par with new listing numbers from a year ago.

* Homes in Regina stayed on the market an average of 66.3 days in May—up just slightly from 62.7 days in April (and from 61 days a year ago).

* Average home prices in Regina went from $287,925 in April to $294,390 in May (an increase of 2.2%).

* The MLS® Home Price Index (HPI)—a more accurate measure of house price trends—is up 3.7% from $267,200 to $271,300. Year-to-date, the median home price in Regina was $286,735 which is essentially unchanged from the $286,690 price, from the same time last year.

So what does all of that mean to you?
In a nutshell, we have thankfully not seen any measurable effect of a COVID-19 world in regards to our local real estate market….so far so good!

The National picture may be different because every province is in a different situation right now and of course, we have all heard about the controversial decision CMHC has made in regards to new mortgage rules…here is an excerpt from our SRA Market media update in reference to that topic:

“Saskatchewan’s market strength calls into question CMHC’s recent projections about the province’s real estate market, and CMHC’s Housing Market Outlook ignores the local nature of real estate. For instance, Saskatoon and Regina account for over 50% of the sales in the province, and these two markets alone can have a significant impact on the province’s overall performance. In addition, even at the height of the province’s state of emergency, year-to-date (YTD) sales in North Battleford, Estevan, and Yorkton were up more than 10% from last year, and YTD prices in several markets were also up.

“I hear more frequently that our members are receiving multiple offers”. So while the real estate sector in the province has been hit by COVID and continues to feel its effects, the outlook isn’t nearly as grim as some are making it out to be, and we’re already starting to see signs of recovery going into summer. “As the province continues to open up and our members take action to protect public safety,” says Yochim, “I expect markets to make a strong recovery.”

To view the full report from our Saskatchewan Realtors® Association click on the link below:
https://mlssask.ca/june-2020-media-release/

If you have questions about anything real estate, just ask…
We’re here to help!

~ Karin & Jen

Info@W2Realtyteam.com

YQR Market Update: Better than Expected!

Tue, 12 May 2020 15:15:40 GMT

“SASKATCHEWAN REAL ESTATE MARKETS FARE BETTER THAN EXPECTED: poised to help boost provincial economy”

The April market stats are out and as the headline reads, the numbers are “better than expected” and actually mirror exactly what we have experienced personally in our business.

We have seen less activity in the market in April, more so on the selling side than buying, and most transactions were necessary rather than discretionary. But because there were less listings, we saw homes selling quickly and prices holding.

The National picture may be different because every province is in a different situation right now but we knew that the effects of a COVID world on real estate in Regina, and the province as a whole, would be directly related to the time it took to re-open our economy…so far so good!

Here’s a snapshot of what happened in our market in April:

* Sales in Regina were down 50.2%, going from 289 in April 2019 to 144 in April 2020

* The number of new listings in April 2020 fell significantly from the number last year. In Regina, new listings fell 50.8%, going from 581 to 286

* Active listings also fell 17.0% in Regina (down from 1,457 to 1,209), which just means that some sellers chose to remove themselves from the market in this time of COVID.

* Homes in Regina stayed on the market an average of 62 days in April—up a modest 1.6% from 61 days last year.

* Median home prices in Regina went from $283,000 to $287,925 (an increase of 1.7%) and were approximately 1.8% below the 5-year average median price.

* The MLS® Home Price Index (HPI)—which is considered a more accurate measure of house price trends—was down just 0.2% from $271,300 to $271,100, year to year.

For the full SRA media release with all the provincial stats for April check out the link below:

May 2020 SRA Media Release: Market Update

⁉️ So what does all of that mean to you?

If you have questions about anything real estate, just ask…

We’re here to help!

~Karin & Jen

Guide to Prepare Your Home for Sale - Part Two

Fri, 08 May 2020 03:39:00 GMT

There's a lot to do to get ready to list your home so we're helping you out with a guide to get you started!

Check out our prvious blog with part 1 of 2 for the whole list of to-do's....if you have a month or more to prepare, you can take one item per day to prepare your home for sale!

1: Repair What You’ve Been Avoiding

We all have that list of “I really need to do that” repairs and fixes. Now’s the time to get to it, including fixing the leaky faucet, the picture holes in the wall, etc. and get it done once and for all. If you aren’t handy yourself, bring in a handyman to take care of it (we know some good ones, we can help).

2: Have Your Windows Cleaned

We know, you probably don’t even think about cleaning your windows, but rain, snow and blowing dust & dirt(this the prairies after all) can really make your windows dirty. We like Men in Kilts for affordable window cleaning.

3: Focus on the Front Yard

Curb appeal matters and will significantly impact people’s first impression of your house. Stand on your street and take in your front yard: what do you see? At a minimum, clean the scuff marks off the front door and touch-up the chipped paint or give it a fresh coat. And if your front door has seen better days, consider investing in a new one. If you have a front porch, make it look inviting (and not just a receptacle for more of your stuff). Invest in some seasonal plants. Clean up the garden. A lot of Buyers will see your home at night, so make sure that your outdoor lighting is showing off your home.

4: Don’t Ignore Your Backyard

What you can accomplish in the back yard will, of course, depend on what time of year you sell. If you’re selling in the near future(Spring/Summer) clean up the gardens, trim the trees, cut the grass, stain the deck and clean the patio furniture and BBQ. If it’s winter: do your best to make it look presentable. If you have a garage: tidy it up and fix any peeling paint and the sagging roof.

5: Have your Carpets Cleaned

Unless your carpets are brand new, you’ll want to have them steam cleaned (or do it yourself). You’ll be amazed at what a difference it makes.

6: Don’t Forget About the Floors

If your floors are scratched, there are some great products out there to make them look almost-brand-new. And just make sure you do a good deep clean of the surface & don’t forget those corners!

7: Tackle the Walls and Doors

If your walls and doors are scuffed, buy some Magic Erasers and go to town. You’ll wonder why you didn’t do it sooner. If your art needs an update, now’s the time to do it too.

8: The Final Clean

By now you’re probably exhausted..sorry about that. While you can do this final step yourself, if your budget allows bring in professional cleaners who will make sure to clean all the spots you don’t get to: the baseboards, inside the lights, the fridge, etc. A clean home matters to potential buyers….it just does!

9: Make Plans for the Kids and Pets

We love them all but we want buyers to see themselves living in the space so now is the time to stow the toys and finger painting artwork and have a plan to tuck it all away easily before showings.

10: Make Your Home Smell Good

If you’re a dog owner, freshen up the couches, beds and surfaces where the dog sleeps. You may not smell Fido anymore, but trust us Buyers will. If you a cat, make sure the litter box is inconspicuous and cleaned regularly so it’s all fresh!

If you have diffusers they are great to make everything smell great but avoid strong air fresheners…it makes it seem like you’re trying to hide something!

11: The Final Once-Over

You’ve worked hard, to get ready to list, now take one last look and see if there is anything that would distract a buyer? Take one final walk through all the rooms and adjust as necessary. Now you’re set & ready to go!

If you need a hand to figure out what projects you need to take on to get the best result in your home sale, we are here to help. Just ask!

~ Karin & Jen

Guide to Prepare Your Home for Sale - Part One

Mon, 27 Apr 2020 21:09:12 GMT

We know that there is a lag time between when you start thinking about selling your home and when you actually start the process. There's a lot to do to get ready to list your home so we're helping you out with a room by room guide to get you started!

It's already overwhelming enough so we're breaking the to-do list into two parts for you. Here is Part One to start the ball rolling.....

1: Change Light Bulbs and Update Light Fixtures

It’s easy to forget about all the bulbs that have burned out over the years, but you want your home to be as bright as possible. Lighting makes an incredible difference in how a home looks to potential Buyers. If you have dated light fixtures, make a quick trip to Home Depot or one of our great local lighting stores and pick up some modern…budget friendly… ones to update your space!

2: Dig Out all that Paperwork

Buyers and agents are going to ask a lot of questions, so start digging out the paperwork now: utility bills, renovation details, warranties, survey certificate if you have, floor-plans and rental contracts for things like your water heater & water softener and alarm system.

3: Pick up Boxes or Containers

A big part of preparing to make a move involves reducing clutter, and starting that process before you list your home is a great place to start! Having a supply of those boxes and containers handy allows you to start the process room by room anytime you have some time to spare. PS: Remember to mark the boxes with the room those items go back to after the move.

If you’re going need to remove a lot of stuff out of your house for the sale, consider renting a storage pup – you fill it up at your house, it gets hauled away, stored and delivered to your new home when you move in!

4: Make an Extra Set of Keys

We will need a set of keys for the lockbox so agents have access your home for showings, so you’ll need to get an extra set cut which you can do at any hardware store.

5: Tackle The Bathrooms

Remove all the toiletries you have on display and tuck in a cabinet (we know it’s nice to have them handy but they don’t look great in photos or add value to your space). Make a quick stop at Winners for some new white towels and bath mat (and no, you don’t get to use them). If your toilet paper holder and towel rack/hooks could use refresh consider updating those as well! A freshened up bathroom goes along a way when buyers are viewing your home!

6: Declutter the Kitchen

The kitchen is one of the rooms Buyers are most attracted to so if you’re looking to skip a room, this shouldn’t be it. Remove your blender/toaster/bread machine from the counters – you want the counters to be as clear as possible. Clean inside all the cupboards and eliminate anything you don’t use and don’t want o move! You want your cupboards and pantry to look spacious and organized. Clean inside the fridge (and remove the magnets, photos and reminders from the front). And now is the time to clean your oven! Yes people do look! When it comes time for photos, consider investing in some fresh flowers and a beautiful bowl with some fresh fruit in it. Those are things that do look great in pics!

7: Next up: The Bedrooms

The bedrooms should be inviting, and that means more cleaning and decluttering. If you don’t already have one, invest in a neutral-coloured duvet cover and some new pillows/cushions. Th good news is those go with you! Straighten the bookshelves, remove some of the personal photos(it doesn’t have to be all of them…this is still your home for now), minimize knick-knacks and personal grooming products.

Clean out the closets and if you have a large dresser or armoire that doesn’t really fit into the space, consider removing in prep fr sale…it will make the space look larger.

8: Tackle The Living Room

Clean the sofa and chairs and invest in some new throw pillows. …on that stop to Winners!

Take a photo of the space and remove any clutter that you see! Of possible tuck any & hide the wires from your TV/stereo/speakers.

9: Make Your Dining Room Look Like a Place People actually Eat

Remove the kids’ homework and the piles of stuff that have accumulated on the dining room table and add a simple table centre ….think flowers or the bowl of fruit!

10: De-clutter, Organize and Clean the Basement

Ok so this is likely going to take more than one day so you may need to plan room by room. Whether your basement is finished or just a storage area for extra stuff you never look at, now is the time! You’ll need to invest the time to make it look as spacious and clean as possible….and making it smell nice is a good thing too! You will have to do this before you move anyway so it’s a good investment of your time to do it in preparation for selling your home!

11: Tackle the Closets and Storage Areas

No you can’t just take all of the stuff off counters and shelves and stuff them in closets….because buyers open closets too! The last thing you want is for Buyers to think there isn’t enough storage in your home, so take the time to pack away what you don’t need in the immediate future. Store, Toss or Donate!

12: The Entrance - First Impressions Count!

Remember that most Buyers will have an immediate emotional reaction to your home so what they experience at the entrance is very important…with inside & outside! You want your entrance to be clean, de-cluttered and inviting. Make sure that your front steps are clean, your light and door handle is clean and having a new inviting door mat is a nice touch as well!

Follow the Store, Toss or Donate rule when it comes to your front entry & closet….eliminate all unnecessary coats, shoes & boots and have nice clean doormat inside as well!

13: Minimize the Things That Make Your Home Yours

Ouch, we know that one is tough. You want your house or condo to appeal to as many Buyers as possible, and that will only happen if they can picture their own stuff in your house. Minimize the family photos, collections & souvenirs from your travels. Here’s a great tip….walk through every room in your house and pretend you’re a Buyer. If what you see identifies you & your life, remove it.

14: Paint Touch-ups and Re-painting

A fresh coat of neutral paint is one of the cheapest ways to freshen up your home. Bold colours might be your jam but that may also just be a turn-off to some Buyers, so to appeal to the most people possible take the time to re-paint that red bedroom and blue bathroom. Don’t forget about baseboards and ceilings – they might need a touch-up too.

Well that will give you a good start on your projects....watch for Part Two of our to-do list coming soon!

If you have specific questions about your property and what you may need to do to in preparation for sale, don't hesitate to ask! We're here to help.

~ Karin & Jen

Buying a Home: Do You Need to do a Home Inspection?

Mon, 20 Apr 2020 17:37:09 GMT

If you’re buying a house and trying to decide if you should have a home inspection done, we can make it really easy for you – the short answer is YES….in almost every single situation.

In some cases, a buyer will forgo a home inspection in order to make their offer more appealing to the seller, but that is a big gamble. You might get the house, but you might also end up with unexpected costly issues to deal with.

When you don’t have a home inspection you’re relying on the seller to disclose everything that may be wrong with the house and that’s risky because some sellers just won’t do it, while others genuinely may not know.

Having an impartial expert come in and evaluate the house is the best way to get an honest, informed opinion.

And having said that, getting a home inspection is not a guarantee that you’ll uncover every single problem.

1. What a Home Inspection IS:

When you request a home inspection as a buyer, there are 3 things you’re hoping to accomplish:

Identify any major problems with the house and get an idea of what’s involved in remedying those major issues. In all likelihood you are not buying a new house…..you’re buying a house that may have been built a half century ago and renovated periodically over time. Very few homes are in perfect condition and you need to know what to anticipate in the future.
This is an introduction to your future home so that you know how to maintain it. If you’re a First Time Home Buyer this will be especially important for you – owning a house can be a lot of work and properly maintaining it is the best way to protect your investment.
One of the biggest benefits of a home inspection is that it prepares you for the house – what needs to be fixed immediately, in 2 years, in 5 years, etc. Most home inspectors spend the time to give you important maintenance tips (like telling you where the water main shut off valve is located). Your home inspector will provide you a written summary of their inspection & a guide full of useful information about caring for your home.

2. What a Home Inspection IS NOT:

Home inspectors conduct visual inspections – they don’t look behind the walls and under the floors (and yes, sometimes strange things are happening there). They are generally specialists in all areas and often recommend further inspections, when they suspect there could other issues. Home inspectors are not generally looking for compliance with the building codes beyond obvious things like electrical or proper railings, etc.

The Home Inspection Process

A home inspection for most houses takes about 3 hours, depending on the size, age and condition of the home. The inspector will go through the house on their own, room by room ,and look for major issues; they will also assess the attic, the roof and the home’s exterior too. They’ll take photos along the way which will form part of the written report you will receive after the inspection.

What Happens if you Uncover Some issues?

Sometimes, home inspections uncover unexpected stuff – for example, shingles that needs replacing, electrical wiring that needs to updated or a sewer line that requires cleaning. …or worse occasionally. You may need to decide if you want to take on the major fixes or walk away from the house. And we may need to revisit the price accepted on your offer. In most cases, the big issues are already known and have been factored into the asking price, but in some situations, you may need to go back to the Seller and re-negotiate the price based on what you now know. Although a home inspection should not be used as a tool for renegotiating price or to nickel and dime the little stuff that you uncover.

As REALTORS®, our job his to help you navigate that process!

Just a final note on the process! Home inspection companies will generally require homebuyers to sign a waiver of liability, in their standard contracts, clearly indicating the limitations of the inspection. If something is missed, generally the only remedy is a refund of the cost of the inspection.

We work regularly with a number of great qualified home inspectors in Regina and can refer you to one that is right for you!

Here is a list of certified home inspectors in the YQR area:

INTERNACHI Certified Home Inspectors

Of course if you have any questions about the process of buying a home, feel free to reach out to us. We’re here to help!

~ Karin & Jen

What You Need to Know about the Real Estate Market Now

Wed, 15 Apr 2020 16:51:03 GMT

Questions about the YQR market? Here’s what you need to know now!

Mounting job losses and concern about how a COVID-19 world is going to affect the economy has many wondering if property values will drop – along with their net worth.

It is reasonable to assume that demand for homes may be reduced in the short term as buyers are concerned about their employment status and financial stability, although there is also a segment of buyers whose jobs are secure and salaries are protected so their plans to move forward with a purchase are relatively unchanged.

We are still seeing activity in the Regina from both buyers & sellers although fo rthe most part those sales & purchases are necessary rather than discretionary.

So what will the effects of all of this really be? That is still yet to be determined and we will be watching and updating you with market activity and stats.

One thing we can count on is that the housing sector likely won’t see the typical spring bounce we would normally expect.

So what does this all mean to you? As a homeowner... or as a buyer, what should you be doing now?

First of all, Don't Panic. Like any asset, the only time you should be concerned about the current valuation of your home is if you want to sell it.

If you are considering buying a property in the near future & are employed you can start the process of mortgage pre-approval and get a budget set out for your house hunting process. Once that is done you are set to hit ground running!

If you are looking to purchase new or to refinance your current property, ask your employer for verification of your job status. Lenders are more likely to support your situation in both a future purchase and also in discussing refinancing options, if they know that a steady stream of income is expected.

Lenders are busy working as homeowners explore financial options to offer themselves some breathing room during this period of uncertainty.

These are stressful times, and managing your financial situation comes down to what is right for you. There’s no one solution for all, so explore your options.

If you have questions about the market and how it will you affect you specifically, we are here to help! Feel free to reach out at info@w2realtyteam.com

Stay safe & healthy!

~ Karin & Jen

Preparing to Buy Or Sell a Home Post COVID-19?

Thu, 09 Apr 2020 16:37:43 GMT

Here’s What You Can Do Now!

Whether your plan was to buy your first home or sell your old one, those plans will have been put on hold by coronavirus unless it’s a necessary move, leaving you with the feeling that there’s nothing you can do except sit and wait…

However, now that you have time on your hands you can take some practical steps now that will save time and give you a jump on the process when life returns to something closer to normal — and when your time to tackle those projects is once again in short supply.

Top tips for buyers:

1. Go Virtual

You may not be able to easily view homes physically right now but an online search is valuable research!

Most listings have great professional photos or video tours that will allow to view the home virtually to decide whether it is a possibility or an absolute No!

Check out our App where you can browse properties and mark & save your favourites ….and we can see what you’re liking as well so we can also send you recommendations based on your favourites!

2. Prepare your mortgage pre-approval

Your mortgage broker can help you virtually to get your pre-approval done now and get your mortgage rate locked in for 120 days ….so when things normalize you are ready to hit the ground running!

Top tips for sellers:

1. Finish any DIY jobs

Home improvement stores like Home Depot are still open so you can pick up supplies for those small projects that you can tackle now like:

Replace broken tiles or touching up grout, paint touch-ups, touch-up watermarks on ceilings, fix or replace that leaky tap, replace bath & shower caulking, etc.

2. Neaten up your Yard

Once the weather warms up a bit you can start cleaning up your shed, garage, and those pots that didn’t all quite get cleaned up before the snow fell last year!

Box up or bin the contents of the garage or garden shed so you can get a jump on that process before you get your hime on the market.

3. Tackle those exterior projects

First impressions count and an easy way to amp up curb appeal is to give your front door a fresh coat of paint. When weather permits take on those exterior tasks including:

clearing your eaves, cleaning your windows(by the way there are window cleaning companies still working), and spray down your driveway to remove all of that winter dust & dirt.

Those projects all take time — and right now that’s the one you thing have more of!

We’re here to help you and answer any questions you may have about the market and how that may affect you whether you are buying or selling.

So feel free to reach out …we’re happy to help!

~ Karin & Jen

5 Great Design Tips for Your Pet Wash Station

Thu, 09 Apr 2020 16:35:17 GMT

real estate

5 Great Design Tips for Your Pet Wash Station

Wed, 08 Apr 2020 19:54:48 GMT

real estate

Before & After - Renovation Design Inspiration

Thu, 02 Apr 2020 18:49:13 GMT

Can we talk about this renovation!?!?⁣
⁣
It took awhile for us to find these amazing clients the right home, in the right area, for their family ...and that would allow them the opportunity to renovate and make it their own. ⁣
⁣
But we did….and they did ….and it looks fantastic! ⁣
⁣
This is a spacious bungalow in SE Regina that had a fairly typical design from the early 2000’s ….a front to back plan where the kitchen/dining area opened up onto the back yard/deck but was separated from the large living area by a full wall. ⁣
So how do you open up the space to create open concept living and still have a great functional kitchen after you eliminate a wall of cabinets? Well ….this is how ⁣

We LOVE this kitchen and everything about it…the white cabinets with brass pulls, clean white quartz countertops with waterfall island with tons of extra cabinets … and that range hood!! Not to mention, the cool lighting from Richardson Lighting - Regina …and those beautiful stools from Hunters Furniture! ⁣

The flooring was replaced with a lighter hardwood throughout to provide one seamless surface through the living areas! ⁣
⁣
Updating all of the former oak window & door trim and baseboards with white trim is a simple way to modernize and brighten up the space! What a difference that made ⁣

Thanks to our great clients for sharing this with us & kudos to Citizen Design Co. for the design inspiration! ⁣

There are so many great value opportunities in our Regina market right now where you can also update the space to make it your own! ⁣

And you may also qualify to take advantage of available “purchase plus improvements mortgage plans” to help pay for those renovations. ⁣
⁣
If you are thinking about buying a home, and have questions about the process or need a referral to a lnder or mortgage broker, feel free to contact us...we’d love to hear from you! ⁣
⁣
~ Karin & Jen ⁣

What do Canada's Changing Mortgage Rates Mean to You?

Wed, 01 Apr 2020 20:06:10 GMT

Canada’s mortgage rates are creeping up -- even though the country’s central bank has slashed borrowing costs to combat the COVID-19 pandemic.

“That’s due to the enormous pressure Canadian banks face amid disruptions caused by the outbreak, said Sherry Cooper, chief economist at Dominion Lending Centres.

The costs of funds for banks is skyrocketing and bank earnings are plunging, Cooper told Bloomberg Monday.“

“Every single business they have ever loaned to is subject to a massive decline in revenues, and therefore their own revenues are going down because nobody is taking out new business with banks except to extend debt.”

If you want to understand more about mortgage rates, how they work & the current volatility of those rates check out this video from Dustan Woodhouse - AMP Accredited Mortgage Professional:

Understanding Mortgage Rates & Current Volatility

Now for the GOOD NEWS & We’ll take any bit of positive news we can get right now!

There is some optimism as far as future job security is concerned as although there has been an increase in jobless claims, Canadian consumers are largely confident in their job security.

Just 13% of respondents to the Canadian Confidence Index said they were worried about losing their job, slightly up on the previous week, but below record highs.

❓So what does this mean to you? If you are thinking about buying a home in the near future you should be taking the time now to get your mortgage pre-approval and get your rate locked in now for 120 days!

Then when the time is right you are ready to go!

If you have questions or need a a referral to a lender or mortgage broker, feel free to contact us!

Email: info@w2realtyteam.com

~ Karin & Jen

"Your Proven Regina Real Estate Team"

COVID-19: Dealing with the Financial Aspects

Mon, 30 Mar 2020 14:59:21 GMT

While we know the most important thing we are dealing with right now is an unprecedented health crisis, we also know that it is a super stressful time for many people from a financial standpoint.

We are happy to hear that both our Provincial & Federal governments have announced many measures to help everyone through this time, and those financial aid programs continue to be expanded as the need grows.

So what can we do right now to be proactive?

✅Check out all of the programs being offered to homeowners(including mortgage payment deferral), families & businesses to see what you can benefit from:

Canada’s COVID-19 Economic Response Plan:
https://bit.ly/3dcA92v

Sakatchewan's COVID-19 Suppport Plans

There are a number programs available through your lender to defer mortgage payments & we recommend you contact your lender or your mortage broker to discuss your options.

Check out this informative Blog on the subject from our colleague, Candice Carr, mortage expert form TMG, including contact info for all of the major lenders.

Thinking of Deferring Your Mortgage Payment?

Also, here are some great tips on how we can take control from BNN Bloomberg’s Pattie Lovett-Reid:

"On a personal level:
- Be razor-sharp on what your expenses are over a two, or maybe three-month period.
- Pull back on discretionary spending.
- Get clarity around your company's salary policy if you become ill and have to stay home.
- Interest rates have been lowered by the Bank of Canada, so get to know your numbers in terms of reduced mortgage payments, loan payments etc. Expect the banks to provide clarity on this in the coming days. You might consider asking for mortgage payment relief for a month to free up cash flow.
- If you are having trouble making ends meet, reach out to all your creditors and request temporary relief. You are not in this alone.
- Look to negotiate all contracts and possibly suspend contracts and memberships where you can"

Check out the entire article here:
"Amid a crisis, take control where you Can"
https://bit.ly/33rnp3C

We work with great mortgage brokers and we recommend you talk to a specialist to find out what options will work best for you right now, for both existing mortgages and also if you are considering a buying a home at this time.

Of course if you have questions about what's happpening with the Real Estate market in Regina, feel free to reach out to us....we're happy to help!

We will all get thought this together with a plan!

~ Karin & Jen

6 Ways to Protect our Minds while we Protect our Health

Thu, 26 Mar 2020 18:11:12 GMT

Mind Management may just be as important as hand washing right now as we are all just trying to find normal while self-isolating and working from home. Check out these tips to help you manage anxiety & to help promote postive metal health......we hope you find these tips helpful!

Protect your mind & your attitude by taking just 5 minutes in the morning and journalling…..we find that writing down even just 5 things that you are grateful for helps to start your day off right! Now's the time to follow pages that provide positive thoughts and articles everyday ...we can't possibly get too much of that right now! Check out one like Marc and Angel Hack Life for daily inspriration.

Try to maintain normal sleep patterns and daily schedules as much as possible. When we can maintain some of our regular habits, it’s helps us to feel as normal as possible. If you are having trouble sleeping there are a number Apps like "Calm" that be can be helpful.

Limit your exposure to news and social media if you find it all overwhelming….and who doesn’t honestly! It’s good to be informed of course, but too much information can cause undue anxiety & fear. Consider turning off your notifications for the time being!

Make time for exercise of some kind every day…even if it’s just a walk around the block to get fresh air. Most gyms are now providing online training so check with yours & there are loads of full length videos available on YouTube so you can work out at home. Active by PopSugar Fitness has provided a free link to al of their workouts....from beginner to advanced, with or without equipment and all types and duration options!

Lighten up on what you watch….comedies and even mindless TV shows are ok right now to give your mind a break. There are so many steaming options available with loads of content & even some our old favourites on syndicated TV like Friends, Big Bang Theory & Rules of Engagement are on daily marathons right now!

Stay in touch with friends and family "virtually" or by phone just to check in ….both for them and you! We may be self-isolating but we don’t have to feel isolated because we have the gift of technology that allows us to easily connect!

If you need help, there are resources available, so please reach out! The Saskatchewan Health Care Administration has tools available for you to check out on their website.

Be kind to yourself…and others ….everyone deals with things differently! And you know what, if you don’t feel like keeping up with some things right now it’s ok…we’re all in the same boat and we will all get through this together!

We’re here, working at home for the time being, and we’re always available if you have questions about what’s happening in Regina's real estate market so feel free to connect with us ….we’re happy to hear from you!

Email: info@w2realtyteam.com

~ Karin & Jen

W2 Realty Team - House Hunting "To-Do List"

Mon, 16 Mar 2020 16:10:00 GMT

Real estate

Buying a Condo in Regina? Check out Hawkstone Village Townhouses

Wed, 11 Mar 2020 14:58:00 GMT

Hawkstone Village is a 2 storey townhouse condominium complex located in Regina's NW development, Hawkstone, close to schools, shopping and services. Hawkstone Village, is a partnership project with Varsity & Gilroy Homes and has the benefit of a builder/developer team with over 30 years’ experience in custom home building in Regina. They have a solid reputation for the quality of their product, and it shows in this project! We, the W2 Team, are happy to represent this project.

The 1023 sq ft 2 storey townhouses, with undeveloped basement space, are now starting at $240,000 (including GST). You can customize your own unit with a choice of preset colour combination & upgrade options based on your personal taste and budget, and If you require a quick possession we have designed some great units that are move-in ready!

You can check out the available move-in ready listings linked below:

Our Hawkstone Village Listings

The 2 bedroom, 1.5 bath units have great standard finishes including carpet & linoleum (upgrade options for laminate & tile), shaker style cabinets in 3 colours, 2 choices of lighting packages, blinds package included,a $3200 appliance credit so ou can choose your own, as well as upgrade options for central air conditioning & granite countertops.

One electrified parking stall is included with the option to purchase a 2nd stall.

The Hawkstone Village show suite is located at 3469 Elgaard Drive, facing Rochdale Boulevard, weekends 1-5PM or you can call to schedule an appointment for viewing!

For more information contact us at:

info@W2realtyteam.com

Follow us on Facebook:

Hawkstone Village Townhouses

You can also check out more details & the unit floorplan at:

HawkstoneVillage.com

Happy home shopping!

Karin & Jen

Your Proven Regina Real Estate Team

It Takes a Team to Buy a Home: Choosing your REALTOR®

Mon, 09 Mar 2020 14:16:00 GMT

There are a lot of moving parts in the purchase of a home and assembling a good team that you are happy working with is really important! Of course finding an agent to work with to help you find that home is the first thing you may think about but the “team” also consists of a Mortgage Broker, Home inspector and a real estate Lawyer. We can help guide you through that process and refer you to great qualified people in those industries as well, and we will talk about that in Part II of this blog.

So first, choosing your real estate agent! The whole point of working with a real estate agent is to have a knowledgeable professional represent your interests throughout the home-buying process, from identifying possible homes to closing the deal. So you want to find an agent who has your priorities and best interests at heart.

What things should you consider when you are choosing your agent?

Compatibility: Is the agent someone you would enjoy working with? You’re not looking for a new best friend, but you’ll spend a lot of time with your agent as you view homes, discuss strategy, fill out paperwork, and the myriad of other activities involved in finding & buying the right …or “right for now” home.
Understanding: It’s important that your agent “gets” what you’re looking for in a home. Otherwise, you’ll both waste your time looking at properties that aren’t a good fit for you…that being said it usually takes looking at a few homes to narrow down your preferences and really get a feel for what you are liking…or not!
Availability: Look for an agent who’ll work with your schedule. You don’t want to find yourself missing opportunities because you can never find a common time to meet. That is one of the benefits we offer as a team….sometimes you get both of us but if one isn’t available the other one is. We like to say you get 2 for 1 when you choose the W2 team!
Trustworthiness: Your agent has what we call a “fiduciary duty” to you; that means your relationship is based on trust and confidence. You need to work with someone you trust to deal with you fairly, to keep your confidential information….well confidential. And to represent you with both honesty and integrity...that should go without saying.

We would also add to this list that you should feel that your agent will work well in communicating with both the seller of a property when required and the seller’s agent through the process of negotiating a purchase on your behalf. Having good communication skills and a positive working relationship with all parties involved will be helpful in producing a good end result!

We thoroughly enjoy the process of working with our clients to find the perfect home and we want them to know that we are there to help no matter how long it takes or how many houses we need to see until we find the right one. That’s what you need to feel when you choose your agent!

If you are starting the process of looking for a home or condo in the Regina area, and have questions, whether it is new or resale, we are here to help you make the right move.

Happy House Hunting!

Karin & Jen

Your Proven Regina Real Estate Team

What's Your Warehouse Loft Style?

Mon, 02 Mar 2020 16:24:12 GMT

What is Warehouse style really all about? From rustic to refined, it's all about your personality!

Our W2 Team was "born" in the Warehouse District as we were developing raw undeveloped space into condos of our own so we know this from the inside out & have an affinity for the style aesthetic.

Baring it all in design takes some courage, and modern industrial interior design is about exposing all that lies beneath to achieve the raw, edgy style that is the hallmark of the warehouse loft!

What normally we would take great pains to hide, the industrial warehouse loft style boldly puts on display.

You have to have some vision to see what that space can be!

Structural elements, like beams, ventilation systems & exposed brick, are turned into design features, achieving a look that seems unfinished, yet cohesive and chic.

Modern industrial /warehouse design offers you a unique opportunity to juxtapose the raw with the refined, the sleek and modern with the vintage, rustic and classic.

That is what you will see in all of the unique Warehouse District properties in YQR and it’s exactly why we love the district so much! There are no two spaces the same as each as has been individually designed and is a true reflection of personal style.

The area has developed in the past 2 decades from a quirky, basically unknown neighbourhood to a bustling trendy hub of residences & new thriving businesses....shops & services, restaurants, brewpubs, coffee shops, numerous fitness centres, and now even a local grocer....all much needed & especially appreciated by the residents of the area!

Click the link below to check out all of the great shops & services in the District.

So what’s it like to live in Regina’s Warehouse District….do you have questions about loft living?

Just ask….we have personal experience and are to happy to share it!

Happy Home Shopping!

~ Karin & Jen

How to Sell Your Home For Top Dollar!

Thu, 13 Feb 2020 17:03:00 GMT

Here are some tips to help you prepare your home for sale:

Setting the right price and making a great first impression are essential in attracting buyers, but what else should you be doing to prepare for selling your home? Here are some great tips to give you the best chance at selling more quickly and with the best result!

1. Decide on a listing date and make a plan of attack:

Decide when you would like to have your house on the market and then make a list of things that need to be done prior to listing (we have listed some of those items below). Then set a reasonable time to complete those tasks! Let your REALTOR® know what your goal date is and they can help keep you on track by checking in on progress!

2. Have a second set of eyes & an objective opinion:

You know that project that has never been quite completed….the paint that was never touched up? We have a tendency to overlook imperfections in our own homes because we are so used to seeing them every day.

However, prospective buyers will see every little thing that needs to be done! Invite a friend or your REALTOR® over and have them give you honest & objective feedback about your house – inside and out. They may notice things you've never even thought of. Those items will become your to-do list before listing your house.

Remember, you want buyers to focus on all the great features of your home and not the little things that are un-done.

3. Treat your home like an asset:

Selling your home can be a very emotional process and you need to be fully committed to selling. Once you’ve decided you’re all in, start thinking of your home as an asset....a business transaction.

We understand how important your home is to you, and we are here to make sure you stay on track with your goal!

Part of the business of selling also means working to accommodate showings. We know, it's not always convenient to show your home, but you will want to work around the schedule of potential buyers, as much as possible.

Remember, the ultimate goal is to have as few showings as possible! In a perfect world, one of those first prospective buyers will put in an offer so you sell quickly. All of the work and preparation you do in advance of listing & showings, will pay off!

4. Declutter:

Have you seen those pictures of living rooms in magazines…..they look fantastic, don't they? There's a couch, a chair, a couple of tables, window treatments, and just minimal décor items on tables and the walls.

Now take a look around your home. It might be your living room or your bedroom… how much stuff does your space have in it compared to the picture in the magazine? We recommend taking photos on your phone and seeing what you see theough that persepective …we get so used to living in our space we don’t realize what it really looks like to others.

We’re not saying your home needs to look like a show home, but rather the premise is to simplify. You want to showcase your house, not your stuff.

For every piece of furniture, ask yourself if it adds to the overall feeling over your home or not. If it doesn't, eliminate it if possible. Think of it as pre-move purging....everything in your home is being removed at some point anyway, so you're really just getting a head start.

Now is the time to consider a garage sale or any of the online apps that can help you sell those items before listing your home!

5. To Stage or not to Stage:

There's a good chance that your furniture has been arranged the same way for a long time. And that's fine – it could absolutely be the best way to showcase your home. But there might be a different way to style your house that you've never thought of.

If you have rooms that don’t seem to have a defined purpose, give them one….home office, home gym etc. There are lots of great local professionals who can come in a for a few hours and give you a plan using your own things, and eliminating those items that don’t service a purpose.

When it comes to "staging" for showings, think of fresh white towels and throw rugs in your bathrooms. Keep them in the closet, and when you have a showing throw your old ones in the hamper and put the new ones out. Consider putting fresh flowers out as well. We know people aren’t buying your things but a home that shows well makes a difference to a potential buyer….it really does!!

6. Paint:

Freshly painted rooms look fresh & clean. Every little mark or scratch that have added up over the years will disappear, and your walls will once again look like new. Stick to neutral colors that have mass appeal!

Do you have kids who have their bedrooms painted with bold crazy colors? Yes, unfortunately it’s time for those colours to go.

Remember this is not just your home anymore, it's an asset… and even though paint is the easiest thing to change, potential buyers are mentally keeping track of the things they will need to do when they move in, and sometimes they just can’t look past peacock blue….no matter how much you love it!

Also – while you're painting, consider different window treatments in some of the main rooms. They don't need to be expensive, even nice 2″ white blinds will go a long way to freshen up a room.

7. Curb Appeal Matters:

You only get one shot at a first impression! Have you ever been excited to see a home based on photos but the reality when you pull up in front is completely different? The lawn doesn’t look great, the paint on the trim is peeling, siding is missing etc. That first impression sets the tone for what is beyond the front door, so it really does matter! Take the time to touch up the trim, paint the front door, garage door and stain the deck & fence if necessary, replace sod, add flowers to the front step, get fresh mulch for flower beds, and wash the windows…the view from the inside out matters as well. It’s worth taking the time on a couple of weekends to take care of the details outside because that’s what creates interest to see the inside! Like it or not people really do judge a book by its’ cover.

8. Plan for showing requests:

When that text comes for a showing, we know it is both exciting and anxiety causing! It seems like the timing is always terrible….your house is a mess, and you only have an hour to make it presentable and get the family out. We get it! This is why you need to have a plan! At this point, hopefully you've already de-cluttered and everything should have a place to get it out of site. For you own sanity, furniture and decor should be kept staged as much as possible at all times now…we know sometimes that is easier said than done but having a goal is a good thing! So now what is left to do? Before you go to bed at night or leave for work in the morning…….

- Clean all dishes and put them away, or at least in the dishwasher!

- Make your beds…and throw those cute toss cushions on for effect

- Put all clothes in dressers, on hangers or in covered hampers. Try not to have clothes in the washer or dryer, those strangers in your house are likely to open the washer and dryer.

- Vacuum or swiffer your floors.

- Wipe down all counters, sinks and appliances.

- Have clean unused linens on hand. Keep them folded up in a chest or dresser, and pull them out to place in the kitchen and bathrooms when you have a showing scheduled.

- Make sure your home smells great always...it really has an impact on buyers!

- Turn on nice ambient music if you are home prior to showings.

- Tuck everything that isn’t pretty on the counters into a basket and under the sink in the kitchen and baths. 10. Plan to be out of the house about 30 minutes before the requested showing time ...and take Fido with you if possible! If an appointment is scheduled for 11:00am for example, prepare for them to be running 15 minutes ahead, or behind, and schedule accordingly. Allow 30 minutes for showings when planning your schedule.

Note: Just before listing, consider hiring professional cleaners to come in and do a complete deep clean and then you just have to do daily maintenance while the home is listed.

9. Price right from the start!:

When a house is first listed, it will have its highest level of interest during those first few weeks so it’s important to price strategically. Sellers often think they should start high and reduce if it doesn’t sell, but that can result in a slower sale, and sometimes for a lower price. Pricing too high can send a signal that you are not serious about selling.

When your home is new on the market you want to generate as much buzz and enthusiasm as possible.

If you follow the steps above, have great photos, and price appropriately, you will definitely get that buzz!

One last note:

Try to be flexible with showings and do your best to prepare for them and make them work! We know it’s not always convenient but remember the goal is to sell your home sooner than later.

If you have questions about the value of your home or the selling process in general, we are here to help! Contact us for more information at info@w2realtyteam.com

Karin & Jen

Your Proven Regina Real Estate Team

How Do Tax Rules affect You as a Seller?

Wed, 05 Feb 2020 14:13:00 GMT

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W2 TALKS: Divorce & Real Estate - What You Need to Know Now!

Fri, 06 Dec 2019 13:37:42 GMT

Real Estate Divorce Buying a Home Selling a Home

Selling Your Home? It's a Question of Price

Tue, 10 Sep 2019 16:36:00 GMT

We were recently discussing pricing with a client and heard the words we have heard many times before……

” I would like to list my home at this amount and we need this amount out of it".

If only it were that simple, we would make it happen exactly that way! Unfortunately our job is to be objective and to provide the best advice we can to help put you in the best position to sell your home, not just to tell you what you want to hear.

It's so important to work with a REALTOR® that you trust has your best interests in mind and then to work together as a team to get the best result for you!

The process of determining a list price for a property requires consideration of a number of factors including:

1. Recent comparables (Active listings but more importantly recent Sales)

2. Market conditions

3. Specific Location (Neighbourhood, Large lot, Backing Greenspace, Proximity to Schools & Services, etc)

4. Condition and Features of the property

While we are always mindful of what a client needs or wants to see from the sale of their home, that can’t be the primary factor in pricing, but rather the deciding factor as to whether or not you want to sell at any given time. And keep in mind that your agent wants you to get the highest number possible for your home as well!

This is where it’s helpful to understand the process and trust the guidance your agent is giving you in regards to pricing.

Market Value is, simply put, what someone is willing to pay for a property on any given day, but overpricing can result in potential buyers overlooking the property completely because it falls outside their range. So rather than presenting an offer and finding some middle ground, they may eliminate it from their list of possibilities altogether.

So when is the best time to buy or sell…..whenever you need to or decide it’s time for a change! You never know who might be looking for a house or condo exactly like yours today and people move at all times of the year.

Of course, if you are a buyer today, there are lots of options for you!

If you need help determining the value of your home or if you would like to see what is in the market that might be of interest to you as a buyer, we’re here to help!

For any questions feel free to email us at info@w2realtyteam.com

Karin & Jen

Your Proven #YQR Real Estate Team

JC REALTY REGINA || 2241 Albert Street || Regina, SK

W2 Real Estate Tips - Common Home Inspection Items

Thu, 15 Mar 2018 22:58:35 GMT

A professional home inspection is generally a standard condition of your real estate purchase when you are buying a home and it's a super important part of the process! There are a few normal maintenance items that come up regularly in inspections so as a seller it’s a great idea to address these issues prior to listing and help to make that part of the sale process go smoothly! Here are a few items of note:

Furnace Maintenance & Service including regular changing of filters - Mechanical service is generally recommended every 12-24 months depending on the age of the furnace and cost will vary depending the extent of service & provider. Furnace filters should be changed often & length of time depends on the filter & your home environment i.e. if you have pets, etc. To simplify the process we recommend buying the 4 pack and change them quarterly on the 1st of the month…then it’s easy to remember January/April/July/October.
Water Heater maintenance - the regularity of service depends on the type of water heater but chances are if you have never had it serviced, you should!! Our Regina water is tough on our water heaters for sure and if you rent your heater, regular service should likely be part of your contract. If not call any qualified plumber to help you out!
Proper Grading - this comes up more often than not because of ground or concrete settling near the foundation of your home. One of the biggest culprits of water issues in basements is improper grading so It’s super important that water runs away from your foundation. One of the simplest remedies is making sure that extensions on your downspouts are suitable …and at this time of year it’s the one thing you can address, as well as moving all of that snow away from the foundation walls. Once it has melted you want to be sure that the ground level is taking water away from the foundation and it may require topping up the soil levels to accomplish that. If you’re not handy in that regard of course we have great landscape companies in Regina that can help out and make sure you get the right product to address the issue!

If you have questions about the process of buying or selling a home we are happyy to help and don't hesitate to ask...you can contact us at info@w2realtyteam.com

We are your Trusted Regina real estate team and we are here to help you make the right move!

For more information check out our website w2realtyteam.com

Happy House Hunting!

Karin & Jen

Golf Course Living- Perfect Home for Family & Entertaining!

Mon, 09 May 2016 21:43:00 GMT

Welcome to 110 Aspen Village Drive, Emerald Park!

This spacious foyer invites you into a spectacular Emerald Park custom built walkout that is situated on a pie shaped lot backing the 18^th tee of Aspen Links Golf Course.

The 3318 square foot home, with 10' ceilings on the main floor, features a gourmet kitchen with butcher block counters, double ovens, induction cooktop, & large island with separate beverage & wine fridges. The main floor office features Torlys leather flooring with the rest of the main floor completed with engineered hardwood& Italian ceramic tile. The entire house showcases upgraded lighting fixtures specifically accentuating each room.

The 2nd floor boasts 5 bedrooms, including two jack & jill bathrooms with double vanities as well as an additional den or a perfect playroom! The master bedroom is a 2 level spa like retreat with his & hers glass shower, soaker tub, & dual vanities with

in-floor heating. His and Her closet areas are accessed via circular stairs, and an extra large window in the master provides an outstanding view of green space & Regina’s city lights at night.

The developed walk-out basement features a large rec room, rough in for a wet bar, bedroom with walk-in closet and direct access to bathroom. This home is also equipped with a smart phone capable thermostat with zoned heating system. The oversized windows, throughout, flood the home with loads of natural light while the covered 3-sided veranda provides summer shade. Professional landscape plan includes in-ground sprinkler system with over 75 shrubs & trees planted. This home is perfect for the growing family and truly must be seen to be appreciated! Priced at $1,091,000

Check out the fantastic virtual tour to see all this home has to offer!

http://youtu.be/bU5DTkFVwi4

Happy House Shopping!

Karin & Jen

Your Proven Regina Real Estate Team

It Takes a Village …to Buy a Home! Part 2: Assembling a Team

Wed, 24 Jun 2015 17:26:42 GMT

There are a lot of moving parts in the purchase of a home and assembling a good team that you are happy working with is really important! Of course finding an agent to work with to help you find that home is the first thing you may think about but the “team” also consists of a mortgage broker, home inspector and a real estate lawyer. We can help guide you through that process of prurcahsing in the Regina area and refer you to great qualified people in those industries as well.

1. First things first, we always recommend that our clients meet with their lender or mortgage broker to discuss the process and obtain pre-approval, for two reasons:

(1) We want to show you properties that not only meet your wants & needs but also fit your budget. So knowing what that number is before you start the process allows us to focus on the right options for you.

(2) Having pre-approval and a mortgage broker who knows that you are actively in the process of house hunting will help to make the official financing approval more seamless when you have an accepted offer on a property. It is standard to have a condition to your offer to allow a time period for financing approval and the time required is reduced when your broker has a head start!

You may choose to deal directly with your bank and their mortgage professionals or choose to deal with a mortgage broker. Think of a mortgage broker as a matchmaker….they match up homebuyers and lenders and find the best option for you based on your specific situation. If you choose a mortgage broker, you work directly with them and they act as an intermediary between you and the lender.

2. We always recommend a professional home inspection be completed on the home you are potentially purchasing so you have the peace of mind of knowing what things you may need to address in the short or long term and can plan for those items in the future.

A home inspection is an objective, professional examination to visually assess a homes’ interior & exterior features and systems. The purpose is to provide the client with a better understanding of the property conditions, as observed at the time of the inspection. The report you receive identifies not only the positive aspects of the home, but points out the defects or repairs (major or minor) that you may not have been aware of. This provides you with the opportunity to budget for those repairs or upgrades and to make an educated decision on the final purchase of the home based on that information provided. Knowledge is power!

3. Choosing a lawyer is the final step in your home purchase process. It's essential to have a lawyer handle all the various legal documents involved in the purchase of a home and we recommend choosing a professional who is experienced in real estate law. We can help you with referrals and get an estimate of all the legal costs you can expect including the land titles transfer fees which are standard in any home purchase.

The good news is that when you work with a realtor to purchase your new home we help coordinate and facilitate the transaction from the showings & offer process, the home inspection, and providing all documentation to your mortgage broker/lender and lawyer. We are with you from the beginning of your house hunt until move-in day! Our goal is to help make your home purchase a simple and enjoyable activity.

If you are starting the process of looking for a home or condo in the Regina area, and have questions, whether it is new or resale, we are here to help.

Happy House Hunting!

Karin & Jen

Your Proven Regina Real Estate Team

Canada home prices keep rising despite slowdown in Prairies

Fri, 13 Mar 2015 21:42:00 GMT

We know that Regina has had high inventory over the past year, it is good to see on a whole that Canada is holding their own despite our bit of a slowdown. All good news.

Check out this article via the Financial Post for a current update!

As always, happy house hunting!

Jen & Karin

#yqr #realestate #reginarealestate #housingprices

http://business.financialpost.com/2015/03/13/canada-home-prices-across-country-rise-despite-slowdown-in-prairies/#__federated=1

De Marco Pointe Townhomes Regina by Westridge Homes

Tue, 24 Feb 2015 16:35:00 GMT

Welcome to 4505 2nd Avenue in the De Marco Pointe Townhomes Project...the last unit available in this great complex!

Regina’s De Marco Pointe Townhome project graces the edge of the established neighborhood of Rosemont. Adjacent to Lewvan Drive, the location provides quick access to all of Regina’s NW amenities & city center, while being within walking distance of local parks and shopping.

The De Marco Point Townhome floorplans feature a spacious welcoming entry with large windows allowing an abundance of natural light to accentuate the open concept living space. The well designed kitchen includes lots of cabinet space, a furniture style movable island with eating bar, built in pantry unit and a stainless steel range hood.

The 3 bedroom two-storey plans offer a master bedroom with 3 piece ensuite, walk-in master closet and a large second floor laundry conveniently located close to the additional 2 bedrooms. Ample storage space is a feature in all rooms.

Every townhome features upgraded cabinetry, lighting, plumbing fixtures and floor coverings and central air conditioning as a value added feature.

De Marco Pointe Townhomes offer an attractive and low maintenance exterior with a private rear deck surrounded by a park like yard, individual attached insulated and dry walled garage and private driveway for additional parking.

The homes include full basements and superior building techniques, with high efficient furnaces, triple pane windows, R50 attic insulation and on demand water heaters. One of the best features of all the townhome units is the enhanced soundproofing provided between each adjoining home for more privacy.

Take a virtual tour of the units below to get an idea of the space...

https://www.youtube.com/watch?v=AKxr7dmlogU&feature=youtu.be

Quality construction and finishing as well as a high standard of customer service are the hallmark of Westridge Homes & Construction and we are proud to represent this project!

Now only one unit remains! The former show suite is completely developed with spacious basement rec room and storage space and is upgraded to granite throughout with stainless steel appliances and blinds included! Contact us for more details and to schedule a showing of this great unit now priced at $339,900 including GST.

Karin & Jen

Your Proven Regina Real Estate Team, helping make the right move!

Custom Westridge Bungalow in Harbour Landing

Fri, 20 Feb 2015 16:21:00 GMT

Welcome to 5112 Aviator Crescent!

Check out this brand new beautiful Regina bungalow built by award winning Westridge Homes, located in Harbour Landing. The high level quality of both construction specifications and finishing detail is the hallmark of this builder. Building the foundation on piles is a construction standard for Westridge Homes, as are many elements that surpass industry standards.

This bungalow boasts nearly 3000 square feet of developed space. The 4 bedroom plus den(2 bedrooms up & 2 additional on lower level) floorplan features an entry and living area with 11 foot ceilings and 9 feet throughout the rest of the main level. The main level living area features hardwood floors and a gas fireplace.

The spacious kitchen is open to the dining and living areas and features quartz countertops, glass tile backsplash, upgraded pendant lighting, stainless range hood, loads of cabinets & pantry as well as a functional island with eating bar.

The main level includes a lovely master retreat that fetaures large ensuite bathroom with connecting walk in closet, 2 additonal bedrooms and a den/home office space.

The main level is rounded out with a spacious mudroom/laundry area with direct entry to the double attached garage which has been insulated and drywalled.

Do you love to entertain or need space for your kids to hang out? This fully developed basement, which has been spray foam insulated, has a large open multi-purpose recreation room with a wet bar area. The basement also features two additional bedrooms with walk in closets and a 3 piece bathroom with shower.

The exterior features a covered deck with Duradek surface that is sunroom ready! The yard will be graded and made ready for your development to your personal preferences so you can enjoy Summer 2015 in your new space. There is laneway access to the back yard allowing for RV parking for your toys!

This home is a pleasure to show and the quality is evident from the time you walk through the front door. Well priced at $584,900 you can make 5112 Aviator Crescent in Regina your new home today….just pack your bags!

Contact us for more information or to schedule an appointment to view. We are your Proven Regina real estate team and we are here to help you make the right move!

Happy Home Shopping!

Karin & Jen

Cathedral Infill Project? We have the lot for you!

Thu, 29 Jan 2015 20:09:00 GMT

Have you ever wondered if an Infill project is right for you? Check out this lot at 1920 Athol Street!

Infill development and the movement towards higher density housing in more desirable inner city locations is a growing trend that stretches beyond Regina and in fact most major cities are experiencing growth in this particular segment of the real estate market. It gives people the opportunity to build a new home in a developed neighbourhood usually close to the desired amenities of neighbourhood schools, shopping and restaurants as well as easy access to downtown.

That is the case of this listing, a lot located in Regina’s desirable Cathedral area where many new projects have been built and are in progress. In fact this lot is surrounded by either new homes or homes that have been significantly renovated. Also, many Regina and area builders now have standard plans to fit these 25’ infill lots and many of those plans include basement development with separate entrance regulation suites.

So whether you are looking to build a home for yourself or a revenue opportunity….or a combination of both consider this lot on Athol Street in Regina for your new home project! We can even help match you up with the right builder for your project so if you have any questions about this property or any listing, we are here to help!

Happy Home Shopping!

Karin & Jen

Your Trusted Regina Real Estate Team

New Year, New Space

Mon, 26 Jan 2015 15:53:00 GMT

Real estate

Classic Cathedral Charmer - Featured Property of the Week

Sat, 03 Jan 2015 20:18:00 GMT

Welcome to 1941 Montague Street...our Featured Property of the Week! Move-in ready and priced well at $225,000.

This charming starter home is move-in ready and located within walking distance to Regina's Cathedral area grocery stores, shops & restaurants, parks, and easy access to downtown and Lewvan Drive. The main level features a 3-season porch, living/dining room and kitchen leading out to a large cedar deck and fenced yard, perfect for summer entertaining! The upper level includes 2 bedrooms and a full bathroom. Room for up to 3 parked vehicles via the laneway at rear.

This home has received extensive renovations/upgrades from 2008-2014 including:

Exterior

New cedar siding on exterior with new eaves & downspouts installed
Exterior walls and attic filled with blown-in insulation
Entire South wall of basement re-poured with concreteNew exterior stairs at front of house
20 x 18 cedar deck built off the back of the house
All new energy efficient windows and exterior doors
Fence at back and 10x10 shed - Spring 2012

Interior

New High Efficiency Furnace
New interior doors, casing, baseboards
Some upgraded electrical with new breaker box
New washer and dryer
Sump pump
Baseboards and crown moldings in living roomHardwood refinished and/or installed throughout
Fridge stove, microwave, back splash, kitchen sink
Sink, bathtub, shower, tub surround, 6-litre toilet installed in bathroom
Fresh paint throughout

Short possession is available so you can kick off the New Year by making this lovely Cathedral classic your new home! Check out the listing details & contact us for more information and to schedule a viewing:

w2realtyteam.com

If you are looking to make a move in the Regina area, we are your Proven Regina real estate team and we are here to help with all of your real estate needs.

Happy House Hunting!

Karin & Jen

Hawkstone Village Regina - Style & Substance

Sun, 30 Nov 2014 06:44:00 GMT

If you are on the hunt for a new condo in the Regina area there are a lot of choices out there but you have to be sure you are comparing apples to apples in terms of building specs and finishing quality! Those two items affect pricing and also the long term value of your purchase!

Hawkstone Village has the benefit of a builder/developer with 30 years’ experience in custom home building in Regina and a solid reputation for the quality of their product, and it shows in this project! We, your Trusted Regina Real Estate team, are happy to represent this project on behalf of Varsity & Gilroy Homes.

Standard units now start at $255,000 including one electrified parking stall, Hunter Douglas blinds package and $3200 appliance credit. Great upgrade options available including granite, laminate & tile flooring and central A/C. And you can choose one of the units we have prefinished or customize your own and choose your own colour scheme. You don't have to sacrifice style at Hawkstone Village.

Short possessions are available so you can just pack your bags and move-in!

Come and check out the project …our show suite is open weekends 2-4PM or by appointment.

3469 Elgaard Drive, facing Rochdale Boulevard.

www.w2realtyteam.com

www.hawkstonevillage.ca

If you need answers or help navigating your home purchase process, we are here to help you make the right move!

Happy Home Shopping!

Jen & Karin

Regina Real Estate - Not Quite a Buyer's Market

Thu, 18 Sep 2014 17:08:00 GMT

Here's just another perspective on the state of the Regina real estate market today....it may often weigh in the buyer's favor but to say it's a buyer's market may be too simplistic...it depends on the day and it depends on the property. We have had a number of buyers lately that because of the criteria of their needs & wants there is actually nothing to show them on some days even though we have a high number of listings, so it's not every buyer's market clearly! When there are a high number of listings it creates competition in the market that can affect selling prices so it is more important than ever to be realistic in your listing price and your expectations of the end result. If you are priced properly in the market, the the right buyer will come. Regina real estate is an interesting evolving market and our job is to stay on top of it and make sure we are watching the indicators that can affect our clients whether they are buying or selling.

Here is some interesting insight from the CTV news...

http://youtu.be/VDl6FqdNL9A

and check us out on Global TV below!

Check out our persective in this segment for Global TV......

http://trustedregina.com/blog/post/2014/09/18/Trusted-Regina-Real-Estate-Experts-featured-on-Global-

Regina.aspx

If you are thinking about buying or selling in the Regina area and need some help navigating the process, we are here to help you make the right move! And if you are relocating to another centre we can recommend a great agent to help you on the other end as well.

Happy House Hunting!

Karin & Jen

Moving Tips to make your Life Simpler

Wed, 13 Aug 2014 17:23:00 GMT

So the good news is that you have found the perfect new place! Now the not-so-fun part is planning for the move and we’ve all been there…..it takes longer than you think it will to pack up and you have more stuff than you realized! It’s a universal truth of moving Here are some tips to help make the process simpler:

Here is a great article from Style at Home magazine and we especially like Tip# 13 that recommends packing a "Moving Day Kit" with all of the essentials that you will want quick and easy access to without having to hunt!

http://www.styleathome.com/homes/real-estate/21-tips-for-an-easy-move/a/21693

Also some great additional tips here from Buzz Feed….we love the idea of taking a photo of the back of your electronics so it’s easier to hook them up in the new space!

http://www.buzzfeed.com/peggy/brilliant-moving-tips#jo2uro

Here are a couple of our tips to help out with the process as well….

If you are moving from a larger to smaller space, when you are packing up your kitchen tools, dishes, glasses and serving pieces, it’s helpful to separate out the items you will use most often from those you would still like access to occasionally but you may not have room to store in your new kitchen space. Those boxes can be set aside and dealt with later rather than having to filter through them when you are unpacking and just trying to get settled! If the boxes are labelled in detail you will always know where to find those martini glasses you may want for your housewarming party! Cheers to that!
We recommend FrogBox for their eco-friendly reusable and plastic moving boxes and even wardrobe boxes to make packing up your closet easier. You can rent them on a weekly basis and they even drop them off and pick them up when you’re done! http://frogbox.com/regina
We also recommend the Express Address service to manage the changeover for all of your services and utilities…..one stop online and easy to use! https://www.expressaddress.com/s/index.htm

Happy Moving Day!

Karin & Jen

Your Proven Regina Real Estate Team

Having a Little Vision Helps!

Wed, 02 Jul 2014 18:00:00 GMT

Having vision is “being able to see something as it can be rather than how it is”. That is true in many things but today we’re talking specifically about how having vision can be very helpful in the house hunting process and being able to see past the surface can be beneficial, and is sometimes absolutely necessary!! :)

Unless you are purchasing a brand new home where you get to choose everything and have it finished to your personal taste it is likely that you will find something you would like changed in every single space and then it becomes more about the location, and the basic bones of the home.

That being said, there is no doubt that great staging can make a difference in the appeal of a home and great décor and furniture placement can you show you how can live in a space,large or small, which is something to keep in mind when you are selling by the way. However, we always remind our clients that even when it looks great that they are not likely purchasing the décor so they have to be able to see past that to the space. And when it doesn’t look so great …it’s not your style and you hate the paint colour and the carpet, those things can be changed easily and fairly inexpensively to suit your style. Also, an older home may hold appeal for a number of reasons including size, location, established landscaping and so on but maybe you love the open concept living for example in newer plans so you have to be able to see the potential of reconfiguring space by eliminating walls or possibly redesigning the kitchen to accomplish that.

So whether it is a minor change involving cosmetic details or a major reno, having a bit of vision can allow you to see the possibilities and potential of how you can make any house your home with your personal style!

Check out this article from Real Simple on how overlooking some flaws in a home can be a benefit when purchasing……

http://www.realsimple.com/work-life/money/house-flaws-00100000125460/index.html

If you are starting to think about purchasing or selling your home we are here to help! And if you find that home requires some updates we are happy to refer you to the right people to help you achieve the results you are looking for.

Happy Home Shopping!

Karin & Jen

Creating Curb Appeal

Tue, 20 May 2014 18:58:00 GMT

A new home purchase is often an emotional decision so if you want potential buyers to fall in love with your home, their first impression is everything and you only get one shot at it. So that means start with curb appeal that makes them want to see inside! Here are some tips to get your home market ready …..or just some inspiration for your home projects!

1 First things first
The most obvious thing is the condition of your lawn and front yard and you can spruce that up with little or no cost! For example, if your flower garden is looking unruly and your front lawn is patchy or overrun with weeds, or maybe remnants of last summer’s plantings are still in your pots…not judging by the way…mow the lawn and add some new sod if necessary, pull the weeds and get rid of the mess! Also, adding red cedar bark or coloured landscape stones goes a long way to freshening up flowerbeds especially at this time of year when plants are small or non-existent.

A well maintained yard is an indication of how you maintain your home and it’s the first thing they will see. It doesn’t need to look like the cover of Better Homes & Gardens, it just need s to look neat and well cared for.

2 Add planters to front porch or step
Adding planters (even store bought, ready-made ones which are now readily available) can go a long way toward creating a welcoming streetscape. They not only add colour and personality, they send a message that you enjoy and care about the surroundings of your home. And if you have a porch large enough to accommodate furniture, stage it with a bistro set or a pair of comfy patio chairs and a table as well as some container plants or hanging baskets.

3 Think of adding mature plants
If you have flowerbeds, adding larger mature plants is a lot easier than buying several flats of annuals and it will give a greater impact of larger plants and instant colour.

4 Don’t forget your driveway

Since your driveway is one of the first things a prospective buyer will notice, it’s a good idea to freshen it up. Adding a sealer to an aggregate driveway and cleaning off any stains from cars parked on the driveway and simply sweeping off any loose stones can make a big difference.

5 Windows & window treatments
If adding new windows is not in your budget then you want to do what you can to make them look their best. Have them clean and sparkling before you list your home and they will look better from the outside and also improve the view from the inside! Matched blinds or draperies can also add consistency to the exterior appearance of your home so you may want to go outside and take a look at what people see when they look at your home for the first time. Adding simple venetian blinds, or any blinds that are the same style, to street facing windows can add consistency to your home’s exterior, and have an impact on the inside as well as outside of your home.

6 Spring for new accessories
Adding a new mailbox, house light and cool new house number is a great and inexpensive way to update your home’s exterior! The big home improvement stores carry well-priced and yet stylish options for all of these items.

7 Add some lipstick!
If you have a home exterior trim that requires touch up, adding a fresh coat of paint can do wonders for curb appeal. Also, adding a new fresh colour to your front door can add impact and introduces all guests or potential buyers to what lies within!! So make it great

When the time comes for you to make a move, we are here to help!

Karin & Jen

Spring Cleaning Plan of Attack!

Mon, 28 Apr 2014 20:05:00 GMT

Whether you are preparing for a move or not, this is the time for Spring cleaning and de-cluttering projects. But without a plan of attack and a place to start, it is easy to just leave it for another day when it can seem like such an overwhelming project. So why not start with one room at a time, one day at a time. We found this great itemized list in an article on Houzz.com (one of our favourites for design ideas!) that will help you get your kitchen in ship shape in no time :)

7-Day Plan: Get a Spotless, Beautifully Organized Kitchen

http://www.houzz.com/ideabooks/25184065?utm_source=Houzz&utm_campaign=u487&utm_medium=email&utm_content=gallery1

If you are planning to make a move this year you will be wanting to prepare your home for sale and you will want it to look its best for photos and showings. So we recommend giving yourself a deadline to get organized now and the bonus is that it will make packing up for your move a simpler process when the time comes as well!

Happy Spring Cleaning!

Karin & Jen

Navigating Multiple Offers

Mon, 21 Apr 2014 15:58:00 GMT

Although this phenomenon does not occur on a frequent basis in Regina’s current real estate market, the occurrence of multiple offer situations, sometimes referred to as “bidding wars”, can and does happen. Multiple offers are often dictated by a limited supply of listings and a high demand for good homes, especially in certain price points and neighbourhoods. This scenario is great for sellers(although even some guidance in handling those offers is helpful) but not so great for buyers when it tends to push up home prices and can create a stressful home buying experience.

Our goal is to help you purchase your home at a fair price so you can feel good about the purchase you’ve made. Here are some of our tips to help you navigate the process as a buyer with as little stress as possible:

Create an Attractive Offer
In a multiple offer situation you will need to be prepared to act quickly and there are a few things you can do to make your offer more attractive. (1) Make sure to have mortgage pre-approval before the process begins. We can share that information with the seller’s agent so they can be assured that your offer is serious (2) Put your best foot forward…offer whatever you are comfortable paying for that property as you may not get the opportunity to consider a counter offer (3) Making a significant down payment also shows your level of commitment to the purchase of the property.

There are other elements to consider such as possession dates and home inspections but those are specific to the property being considered and your personal situation and motivation for purchasing. That is where we can guide you in the process.

Don’t be discouraged!
While we usually know when we are dealing with multiple offers, we can’t know what those offers will be or how badly someone else wants that home! Remember it’s a not a competition to win and there is no winning if you pay more than you really wanted to. We know it can be a frustrating process at times but patience is a virtue here. Don’t be discouraged if the first one doesn’t go in your favour, it isn’t the end of the process until we find you the right house!

Trust your instincts….and your agent

When you find the right home you will know it and you will feel comfortable with the amount you are offering for the property. If you feel anxiety or pressure to make a decision or to pay more than you’re comfortable with, or can afford, don’t be afraid to walk away! There will always be another house.

You should be working with a REALTOR® who you trust to have your best interests at heart. It is our job to provide you with all the information that you need to make an informed decision on the purchase of your home. We’re on your side and we want to get the best result for you.

If you are looking to buy or sell in the Regina area, we are here to help!

Happy House Hunting!

Karin & Jen

Considering Condo Living? Regina has Lots of Options....

Thu, 10 Apr 2014 14:52:00 GMT

Thinking about condo living…trying to decide if it’s the right lifestyle for you? Well not that long ago in Regina your choice would have been simply apartment condo or townhouse and now the options are almost limitless!

There are Apartment condos with surface stalls or underground heated parking, urban or suburban, entry level & budget friendly or upscale finishing with amenities including optional guest suites, workout centres and car wash facilities, high rise with rooftop areas , 3-4 floors with balconies, or the newest option of condos & mixed use of business and commercial on the lower levels.

Or how about a loft condo in Regina’s trendy Warehouse District where every unit is unique in its style, as above, and every complex has its own individual features. Or maybe a Townhouse with one or two electrified stalls or a detached garage stall, single or double attached garage, basement or not? Ok so now that you are completely overwhelmed with the degree of choices available, let’s simplify the process!

There are options in every price point and every area of Regina so first things first, we always suggest you start with determining the following 3 factors:

Budget - don’t forget to include condo fees in your monthly budget!
Needs - do you have a pet, require secured parking, elevator vs stairs, #bedrooms/baths
Desires - location(walking distance or proximity to work, near a park, etc), finishing choices, modern vs traditional, deck/balcony or rooftop area

Once we know those 3 things we can put together a list of all of options currently available and start to narrow down the choices. It can be difficult enough for buyers to sort through all of the listed units let alone all of the new construction projects in various stages of the build but we stay on top off the new developments so it’s our job to provide you with the details of all of the options, resale or new, that fit your three criteria.

That being said, sometimes budget changes when you’re not finding things you like in the set price range and also sometimes some of non-negotiable needs suddenly become negotiable when staying within budget in the most important priority!

If you are thinking about a condo or a new home and need help navigating the process and all of the options available, give us a call! We are the team in Regina that can help you make the right move.

Happy Condo Shopping!

Karin & Jen

The Changing Landscape of Regina Real Estate

Mon, 31 Mar 2014 14:39:00 GMT

There was a time in Regina, not that long ago, when your real estate options were simply house or condo? Now with a growing Saskatchewan economy and expanding population base, as well as the higher costs of housing we are seeing more diversity in residential projects being developed to meet the needs of affordable housing in Regina.

We are hearing terms like laneway suites and full regulation suites which not only provide affordable rental housing options but also help new home buyers offset the costs of their mortgage. There was an interesting article on the pilot projects for laneway suites in Regina’s Leader Post last week:

http://www.leaderpost.com/business/City+greenlights+laneway+suite+pilot+project/9674709/story.html

We are hearing about new concepts in urban design with pedestrian friendly streets, which translated means that instead of larger lots with attached garages, single family and semi-detached homes are being built on smaller lots, maximizing space, with the detached garages at the rear or the option to add one as budget allows. Either way it provides a more affordable option in a new home purchase. The Greens on Gardiner (SW) was the leader in this type of residential concept in Regina but now those options are available in Hawkstone(NW) and Harbour Landing(SE) as well and are being provided by a number of builders. We are now seeing many interesting options in entry level properties, in homes, semi-detached homes, townhouses and apartment condos, so it’s a great time to get into the market of property ownership in Regina!

With so many choices available it can be a bit overwhelming so you need to start with your budget and requirements and then narrow down the possibilities. We have lots of experience and knowledge about the new projects and their building partners so we can help you find you the right match for your needs!

Not sure how to navigate all of your options? We’re here to help! If you are looking to make a move give us a call and check us out at www.w2realtyteam.com

Happy Home Shopping!

Karin & Jen

Preparing your Home for Sale

Mon, 24 Mar 2014 17:19:00 GMT

Of course every seller wants their home to sell quickly and for the highest price possible, so how do you give yourself the best shot at that? We believe that from our perspective proper pricing is the most important aspect but also preparing your home so that it makes the best first impression on potential buyers is a very close second and is directly related to your ultimate selling price! So where to start? Here is a list of things to consider and we would suggest giving yourself a specific timeline to work with and get it done!

De-Personalize
You want people to see themselves creating a life in your house and making it their home so you will want to pack up those personal photographs and family heirlooms. Some buyers can't see past personal artifacts, and you don't want them to be distracted by your “things”. You want people saying “I can see myself living here” rather than “I wonder who lives here”.
De-Clutter!
Now is the time to eliminate anything you don’t need and don’t want to move with you! Likely anything you haven’t used in a year can be donated or disposed of. You may need to enlist the help of a friend who can help you be objective about your “stuff”. Think of this as getting a head start on the packing up process that you will need to do eventually anyway!

Remove or at least edit books and art pieces.
Pack up those knickknacks.
Clean off kitchen counters….you want buyers to see loads of counter space!
Put the necessary items that are used daily in a container that can be stored in a closet or pantry where they can be accessed easily.
Try going around your home and taking photos and then looking at your rooms through the lens of the camera. It is amazing how we just get used to our spaces and not see what is sitting on tables, counters etc. and how that may appear to potential buyers.

3. Neaten Bedroom Closets and Kitchen Cabinets.

Buyers will open closet and cabinet doors in the process of viewing your home, so open those doors and see what they will potentially see! Closets and cabinets that are organized give the illusion of space. And a neat, well organized home sends a message that you care for your home. Edit, edit, edit!

4. Rent a Storage Unit If Necessary

Almost every home shows better with less furniture. If you have pieces that are blocking pathways or making rooms look smaller, put them in storage. The same goes for your garage….if you have a double garage but there is only room to park one car because of the stuff being stored in it you may want to consider an intervention there as well!

5. Make Minor Repairs

If the small details are maintained it is assumed that the major things have

been as well so now is the time to catch up on the little nitpicky projects you

have been meaning to get to……

Patch holes in walls and touch up paint… or if necessary consider a fresh coat of neutral paint that will have the broadest appeal to potential buyers
Fix or replace leaky faucets
Replace burned out light bulbs

The final details! Now is the time for the “spring cleaning” items…..

Wash windows inside and out.
Polish chrome faucets and mirrors
Make sure your bathrooms are squeaky clean & hang fresh towels
Clean out the refrigerator!!
Dust off those ceiling fan blades and light fixtures.
Make sure your house is clean and smells great before showings!! You only get one shot at a first impression J
Curb appeal counts as well so make sure the yard is clean and lawn cut and adding a welcoming pot of bright flowers at the front door is a nice touch as well!

We know it sounds like a lot but if you take a few weeks and tackle one area at a time it will net you a benefit in the

final sale of your home!

Happy Home Selling!

Jen & Karin

Frequently Asked Questions

Thu, 13 Mar 2014 16:20:00 GMT

We are often asked questions regarding the processes of buying or selling your home so we wanted to share just a few of the most common:

1. What does a home inspection involve and should I have one?

A home inspection is a visual examination of the property to determine the overall condition of the home. In the process, the inspector should be checking all major components (roof, ceiling, walls, floors, foundations, attics, etc.) and systems (electrical, heating, plumbing, drainage, exterior weather proofing, etc.). The results of the inspection are provided to the purchaser in written form and are generally discussed in detail during a walk through once the inspection is completed.

The inspection may indicate only minor issues for you to address at some point or that the home needs major structural repairs which need to be factored into your buying decision and comfort level. A pre-purchase home inspection helps you learn more about the property up front so you can proceed with greater confidence and peace of mind.

2. What is a pre-approved mortgage and should we have preapproval before we start looking for a home?

A pre-approved mortgage provides a set interest rate guarantee from a lender for a specified period of time and for a set amount of money. Your mortgage broker will help you determine what you can afford to pay for a home and explain the down payment requirements. When you find the right house and it comes time to make an offer, you will be prepared to act. Keep in mind your pre-approval is based on your financial picture at that time and any significant changes in your life can affect that number.

Most REALTORS® will ask if you have a mortgage pre-approval in place before you start your search for a home. This is to ensure that they are showing you properties in your price range. You never want to fall in love with a house only to find that it does not fit within your budget. Pre-approval is one of the first steps you should take before beginning the buying process so you can shop with confidence!

3. How do I prepare to sell my home?

The first step is being really ready to move on. You need to detach yourself emotionally from your home and see it as a commodity you want to sell. We know this can be difficult when your life is reflected in your home, however it is important to be honest about how your home looks and how it should look when it goes on the market.

Your home’s appearance and condition play a big role in the sale process more today than ever. With the internet and all of home renovation programs people have easy access to, it can set high buyer expectations. Many buyers want a home they can move right into, especially if they are under short time constraints.

Selling price is determined by a number of factors including previous sales of comparable houses, how many other homes similar to yours are currently on the market, and the condition of your home compared to your competition. Some of these factors are out of your control but you can control how your home looks when it hits the market. You only get one shot at a first impression so now is a great time to

de-clutter and touch up that paint!

When you decide to work with an agent you should choose someone you feel comfortable with and trust to have your best interests at heart. We can answer your questions and concerns and provide referrals for staging, mortgage brokers, home inspectors, real estate attorneys, and pretty much anything else you may need in the purchase or sale of your home! We are your advocate and guide through the process.

Happy House Shopping!!

Karin & Jen

It's all about Price!

Sat, 25 Jan 2014 18:49:00 GMT

As much as we all have an emotional attachment to our own homes and there is an inherent value to us because of the history created in there and maybe the blood sweat and tears that we put into creating a home not just a house, unfortunately that doesn't add value to a buyer when it comes time to sell. Selling your home can be an emotional process but when it actually comes to negotiating the sale the emotion has to be removed and it becomes simply a business transaction that is about dollars and cents....or actually hundreds of thousands of dollars!

There are many factors that affect a sale price including specifics about location, floorplan, curb appeal, interior decor, etc etc.....but as it is well said in this article, at the end of the day it's about the price and value. Market Value quite simply stated is what someone is willing to pay for your property on any given day.

Enjoy this article.....

http://realtytimes.com/consumeradvice/sellersadvice1/item/27235-20140120-its-the-price-stupid