Ottawa Real Estate News from Ian Campbell December 2017   

 
Staging is all about highlighting a home’s best features in order to ensure it appeals to as wide of an audience as possible. This month's article shows why a properly staged home will sell faster and for a higher price.

There’s also some great advice on how to enjoy a better night's sleep as well as a unique gift idea that helps people in need from all around the world build successful businesses.

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!

Regards
Ian Campbell

In this issue...
Ottawa Real Estate Market Update 
November Blues? Not for the Ottawa real estate market!

Members of the Ottawa Real Estate Board sold 1,239 residential properties in November through the Board’s Multiple Listing Service® System compared with 992 in November 2016, an increase of 24.9 per cent. The five-year average for November sales is 1,001.

“November numbers are upholding the robust year we have been experiencing in the real estate market in 2017,” Rick Eisert, President of the Ottawa Real Estate Boards states. “Both residential sales and condo sales continue to steadily increase.”

November’s sales included 294 in the condominium property class and 945 in the residential property class. “This is not surprising though,” Eisert remarks. “The Office of the Superintendent of Financial Institution’s (OSFI) announcement regarding the new stress tests for low- ratio borrowers may have buyers rushing into the market before the stricter mortgage regulations come into play in January 2018. If this keeps up, I expect December could be a busier than usual holiday season for REALTORS®.”

The average sale price of a residential-class property sold in November in the Ottawa area was $418,354, an increase of 3.2 per cent over November 2016. The average sale price for a condominium-class property was $257,212, a decrease of 7.6 per cent over November 2016.

“It is crucial in a market that is moving quickly, such as the one we are experiencing, to ensure you are pricing your property correctly. Having the guidance and market knowledge of a REALTOR® is essential for home buyers and home sellers,” suggests Eisert.

“The most active price point in the residential market is the $300,000 to $450,000 range, accounting for 46 per cent of the market. While the most active price point in the condo market, between $150,000 and $275,000, accounts for 66 per cent of the market,” says Eisert. “In addition to residential and condominium sales, OREB Members assisted clients with renting 2,821 properties since the beginning of the year.”

Ring in the New Year Scottish Style in Ottawa 
The Scottish Society of Ottawa proudly presents Hogman-eh!

The 6th annual Scottish New Year's Eve celebration Hogman-eh is a not to be missed event so bring your family and friends down to celebrate in and around the Aberdeen Pavilion at Lansdowne Park.

The fun starts at 5 p.m. with a variety of Scottish themed music, food and dancing as well as lots of other activities to keep both adults and children entertained.

Those with kids can enjoy an early countdown at 7 p.m. which is exactly when Scotland will be ringing in the New Year!  The “Great Scot! KidsZone” festivities reach their peak when the kids are led by a piper to the main stage for the balloon drop!

The party then continues until midnight where Auld Lang Syne is sung and everyone can enjoy a spectacular fireworks display just outside the Aberdeen Pavilion.  Here’s wishing you a very happy and healthy 2018!

Setting the Stage for a Perfect Sale 
You only get one chance to make a great first impression!

When you put your home on the market, your goal is to sell it quickly and for top dollar. Properly staging your home from day one will create an amazing impression that will generate a huge buzz!

Staging isn't so much an expense as it is an investment. Not only is your home likely to sell for a higher price but it will probably sell much faster which is important because homes that sit on the market can quickly lose their value.

Staging starts with an ultra clean, de-cluttered and de-personalized home. Buying a home is an emotional decision so buyers must be able to envision themselves living there which is why photographs, trophies and kids' artwork have to go.

A stager also ensures your home is inviting to buyers by enhancing the functionality and flow of each room. They can remove and store furniture so the house looks as spacious as possible and use lighting and other tricks to warm up the feel of your home. A properly staged home will also look much more appealing to those browsing online which will generate more showings.

If you want to stage your home yourself, you'll have to go beyond the basics. Start cleaning up the front yard, the porch, the garage and don’t forget the back garden. Buyers have a tough time visualizing themselves in unfurnished rooms so turn your craft room back into a bedroom or transform an awkward nook into a reading spot by setting out a comfy chair and lamp.

Great lighting will create a warm and welcoming ambience so make sure you update your light fixtures, lamps and light bulbs. Buyers will also be snooping through your cupboards and closets as storage space is often an important factor so don’t forget to stage those areas as well.

A well staged home is much more likely to make a great first impression and capture the hearts of homebuyers. Whether you pay a professional to stage your home or do the work yourself, staging is a worthwhile investment that will massively increase the odds of your home selling quickly and for top dollar.

Tired of Tossing and Turning? 
Healthy sleep habits can greatly improve our quality of life.

If all you’re dreaming of is a good night’s sleep, you’re not alone. Lack of sleep can take a massive toll on our mental and physical health. The following tips will help you get the sleep you need:

  1. It's a No-Glo - Hide all light no matter how faint and turn off your smartphone at least 30 minutes before going to bed.

  2. Chill Out & Warm Up - Keep the bedroom temperature cool and wear socks to bed to help your body evenly transfer heat to the extremities.

  3. Light Bright - Take in all the daylight you can as it changes the melatonin levels in your body which causes you to sleep better when darkness falls.

  4. Keep it Regular - Try to go to bed and wake up at the same time every day. If you get poor sleep one night, don’t have a nap as it will affect your internal clock.

  5. Stay Fit - Exercising early in the day can help you sleep better but avoid it at night. Instead, ease muscle tension with some light, relaxing stretches before hitting the sack.

  6. No Worries - Write a to-do list before going to bed in order to flush out your thoughts and worries. Keep a journal beside your bed just in case your mind starts racing.

Lack of sleep can contribute to major physical and emotional health problems so it's important to consistently practice positive sleep habits. The above suggestions will help you peacefully drift off to sleep each night so you'll be much more energetic and productive throughout the day. Sweet dreams!

Kiva Loans: the gift that changes lives! 
This year, give a gift that keeps on giving, over and over again!
 
If you’re having trouble coming up with a unique gift for that special someone this Holiday Season, why not consider a Kiva gift card!
 
Kiva is a non-profit organization that makes it easy to lend money to low-income entrepreneurs in over 80 countries. Loans start at just $25 which goes directly towards starting a business.

The recipient goes online and chooses someone to loan the money to and once the loan has been repaid, it can be re-lent to someone else or it can simply be withdrawn. It’s a win-win scenario as not only does it help out the borrower but the lender walks away with a great feeling!



PS Please note I provide a FREE ClubEG Golf Membership to those who either Buy or Sell through me.

I will also provide you with a FREE ClubEG Golf Membership if you refer me to someone who either Buys or Sells through me.

Are you sick of 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.