Real Estate Word -- Home to Show with Kids In Tow June 2018   

 
Preparing your home for showings can be a lot of work, especially if you have kids running around.  This month's article discusses some strategies on how to prepare your home to show with kids in tow.

There are also some valuable debt management strategies to help keep you and your loved ones profitable as well as a few tips on how to de-stress your home.

Your real estate market update is included to help keep you up to date on our local market.  If you are wondering about your own property please don't hesitate to give us a call, email, or text.  We are here to provide you with the information you need.  Thank you for the family and friends you continue to refer to me.  I do not take those referrals lightly, and consider it an honor to work with those folks.

Our family recipie this month is the traditional Rhubarb Crisp.  It is the season for fresh Rhubarb from the garden, and this is one that our family really enjoys with a little (or a lot) of Vanilla ice cream.  We hope you will enjoy it too.

Thanks so much for checking out this month's newsletter. Please get in touch if you have any questions or comments regarding the articles, or real estate in general -- it'd be great to hear from you!

Best Regards,
Henry

In this issue...
Home Listings Down Year to Date 

Fewer home owners seem ready to put their home on the market this year compared to last. In May, a total of 943 properties were added on the Multiple Listing Service® (MLS®) in Saskatoon representing a 9% decrease from last May. Year to date there were 13% fewer homes listed year to date in Saskatoon.

The total number of active listings in Saskatoon at the end of May was 2,001, just slightly above the five year average of, 1,945 units. Inventory levels for active MLS® listings reached an all-time high in July of last year with 2,210 homes for sale in Saskatoon. At the current rate of sales it would take five and a half months to liquidate the current stock of active listings. 

In May there were 364 home sales, a decrease of 13% from last May. Year-to-date sales for Saskatoon are down 7% with a total of 1,345 residential MLS® home sales. Home sales so far this year have declined in every price range with the exception of homes under $200,000 which saw a 30% increase for a total of 203 sales. The price range with the greatest decline in sales were homes priced between $450-500,000 with a year-to-date total of 85 sales, a 17% drop from last year. Homes selling between $750,000 and $1M are on par with last year at 19 sales. Homes in excess of $1M however are off sharply with three MLS® sales year to date. In 2017, there were three home sales in May alone over $1M and nine year to date.

The sales to listing ratio has decreased from 43% in April to 39% in May. The sales to listing ratio is a comparison of the number of sales for a period of time to the number of new listings. Saskatoon remains a buyer’s market. However, homes that are priced to market and in good condition will still command great interest and in some cases competing offers. Last month, the average home in Saskatoon took 47 days to sell in Saskatoon last month, this is the lowest time to sell so far this year.

Year-to-date, the average sale price was $334,449, a 4% decrease from the same period last year. Since averages can be misleading, a better reflection of the market is the median. The median home sale price year to date is $320,000. The five year average for median residential home sale prices in Saskatoon is $341,980.

The Home Price Index Composite Benchmark Price (HPI) continued in an upward trend for most home types (except apartment style) again in May. The HPI is the most accurate indicator of where home prices are trending. For more information on HPI go to saskatoonrealtors.ca .


Above statistics from Jason Yochim CAE, CRAE
Chief Executive Officer, 
Saskatoon Region Association of REALTORS® 


Preparing a Home for Show with Kids in Tow 
Have your home “show ready” at a moment’s notice!

When your home’s on the market, getting ready for showings can be a real challenge but it's even harder when you share your home with little ones!

The trick to selling a house with kids is to try and make it appeal to buyers who have children as well as those who don’t. Here are a few tips to help you prepare your home for show with kids in tow:

  1. Depersonalize - It's important that buyers are able to imagine themselves living in your home so clear the kids’ artwork off the fridge and take down photos, awards and mementos.


  2. Play Time's Over - Keep just one box of toys on hand and pack up the rest as too many toys look messy and make rooms appear smaller.


  3. Clean Your Room! - Pack up stuffed animals, books and trophies in the kids’ rooms. Any remaining items should be placed on shelves instead of the floor.


  4. Behind Closed Doors - Buyers can never get enough closet space so get rid of any clothes and shoes that are out-of-season or that your kids have outgrown.


  5. Time to Grow Up - Buyers should be able to visualize your playroom as their rec room so get rid of kid clutter like arts and crafts so it’ll appear large enough for their pool table.


  6. Curb Appeal - Don't leave toys, sidewalk chalk or bikes strewn outside your home as drive-by viewings can occur at any time.

  7. Ready to Go - Have a diaper bag that’s ready with everything you need in case you have to make a quick getaway for a last minute showing.


Selling your home is a great opportunity to declutter and by doing it now, you’ll have less to pack when it comes time to move. Showings can happen in an instant so make sure you have a system in place that enables you to vacate in a matter of minutes. Although keeping everything perfectly staged with kids can be a challenge, it'll be well worth the effort!

Elkridge Condo - Enjoy the amenities! 
Located in the Elkridge 4 Star WORLD CLASS resort with a 27 Hole Breathtaking GOLF COURSE. Only a 10 minute drive to Waskesiu-Prince Albert National Park, this 1146 sq.ft. 2 bedroom, 2 bathroom condo features front & rear decks to enjoy the beautiful surroundings, island kitchen, master bedroom with walk-in closet & 4 piece bath ensuite, central air conditioning, natural gas BBQ. Double attached garage, plus appliances & TVs. Just move in and enjoy the natural beauty (summer and winter) this resort has to offer.

It Pays to Pay Off Debt 
Getting out of debt can be tough, unless you have a plan.

Debt management isn't a popular family topic but talking about it with your kids and loved ones can help them avoid a lifetime of financial woes. Here are a few of the basics:

  1. First Things First - Focus on paying off high interest, non-deductible debt first.


  2. Budget Crunch - List all income and fixed expenses such as house and car payments. Next, list variable expenses to see what can be reduced or eliminated.


  3. Consolidate - Monthly payments can likely be lowered by consolidating debt through a home equity loan as the interest rate will be much lower.


  4. Reach Out - Creditors will often reduce monthly payments if a debt repayment plan is arranged through a reputable credit counseling service.


Managing debt may seem like a daunting task but it can help avoid a financial crisis that could devastate a person's credit rating and their ability to borrow money at attractive rates. Almost everyone feels the credit crunch at some point in their life but with a little planning, it can almost always be overcome.

De-Stress Your Home 
Your home should be a refuge from all the stressors in your life!

Life can sometimes be stressful so ideally, your home should feel like a sanctuary for you to relax in. Here are three easy ways to de-stress your home:

  1. Meaningful Memories - Hang photos and artwork that remind you of happy times in your life.


  2. Mess Causes Stress - Studies show that clutter overloads our senses so take a few minutes each day to clean up.


  3. Natural Cure - Bring nature into your home with some fresh flowers or a few potted plants to help restore a sense of balance.


Life can sometimes be overwhelming but an organized and tidy home means you’ll have a relaxing space to unwind in at the end of a long day. Just a few little tweaks can make a huge difference!

 

Ingredients

1 cup large-flake oats
3/4 cup all-purpose flour
1/2 cup 
packed brown sugar
3/4 tsp salt
1/2 cup cold unsalted butter, cubed

FILLING

6 cups chopped rhubarb, cut into 1-in. pieces (about 760 g)
1 cup granulated sugar 
1/3 cup cornstarch
2 tbsp water
 

Instructions


  • POSITION rack in lower third of oven and preheat to 350F.
  • Stir oats, flour, brown sugar and salt in a bowl. Add butter and work in, using your fingertips, until crumbly. Refrigerate until ready to use.
  • Toss rhubarb, sugar, cornstarch and water in a large bowl, stirring until cornstarch is absorbed. Let sit 5 min and stir again. Transfer to a 9 x 13-in. glass baking dish.
  • SPRINKLE oat mixture evenly over rhubarb. Bake in lower third of oven until top is golden and juices are bubbling around edges and through the top of crisp, about 1 hour. Let cool completely. Serve with ice cream.

  Tip: For individual servings, fill 8 4-in.-wide ramekins placed on a baking sheet, and reduce baking time to 25 min.




PS Are you frustrated by scouring the paper and MLS sites looking for homes? Tired of playing telephone tag with agents only to hear the home's already sold?  Sit back, relax and let me do the work for you!  Just visit my website and check off the features you're looking for.   Whenever a home matching your criteria hits the market, it'll be automatically flagged and emailed to you so you'll never have to worry about missing your dream home. This service is free and there's no obligation! Click here to get started.

Not meant to solicit clients already under contract.