Real Estate News from Chad & Scott 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!

Chad & Scott

In this issue...
Bank of Canada Rate Update 
Bank of Canada continues to hold its rate at 1%.

On December 6, 2017, the Bank of Canada announced it was keeping its trend-setting overnight lending rate on hold at 1%.

The rate rose by 0.25% in July and again in September. Since then, the Bank has continued to caution that future interest rate increases depend on whether economic data suggest that inflation is starting to percolate.

The Canadian economy has been evolving broadly in line with the Bank’s October forecast. That said, the Bank has pointed to elevated global risks, in particular the renegotiation of NAFTA.

The Bank also remains vigilant for signs of rising inflation and wage growth, both of which would lend support to further rate hikes next year.

As of December 6, 2017, the benchmark five-year lending rate stood at 4.99%, which is the rate used to qualify mortgages with less than a 20% down payment, and as of January 1, 2018, all mortgages.

The benchmark five-year lending rate is 0.1 percentage points higher than it was just before the Bank made its previous interest rate announcement on October 25, and up 0.35 percentage points versus one year ago.

Canada’s major chartered banks have recently raised their advertised five-year fixed mortgage interest rates, which now range between 3.34% and 4.99%. However, actual five-year fixed mortgage interest rates can be negotiated below advertised rates depending on mortgage applicants’ creditworthiness and the degree to which they do other banking business with the mortgage lender.

The next interest rate announcement will be on January 17, 2018. The Bank of Canada’s Monetary Policy Report, which updates the Bank’s economic forecast, will accompany that announcement.

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 Are you tired of playing telephone tag with agents only to hear "it's already been sold"?  Sit back, relax and let us do the work for you!  Just visit our website and check off the features you're looking for.  Whenever a home or cottage that matches your criteria hits the market, it'll be automatically flagged and emailed to you so you'll never have to worry about missing out on the perfect place ever again!

Not meant to solicit clients already under contract.