From the air we breathe to the things we eat, it seems like a new report comes out every week warning us of the dangers that surround us. Unfortunately your house may have substances that could be harmful to your health.
While generally a problem in older homes, the presence of certain substances in a residence may require disclosure. For example, asbestos was commonly used not only in insulation for a time but also in siding, shingles, some floor tiles and pipes and some textured paints.
While the use of asbestos has been generally discontinued since the 1970s, some remains in homes constructed prior to that time. When selling a home the owners should be aware of any such hazards and ensure they properly disclose them to prospective buyers, or else they may be liable for any problems caused by these hazards after purchase. If it comes out during the negotiation process, it may sink a promising deal if buyers come to believe they cannot trust the home sellers.
I am currently in the process of buying my first home and when our inspector checked out our attic he picked up a big handful of what looked like kitty litter. He explained it was called vermiculite and that it could contain asbestos. Luckily we were able to work with the seller to get it removed safely but it is certainly something to be cautious of if you plan on buying an older home.
Asbestos and Lead
Asbestos should only be removed by a professional and only if necessary because the health risk increases if it is loose or crumbling. Removal may be required in some cases and optional in others.
Lead was commonly used in paints up to almost 1980, and in pipes even more recently. Like asbestos, lead can enter the body by breathing if it is loose in the form of dust. Chipped or cracking paint can be particularly hazardous, especially to children. Also like asbestos, homeowners are required to disclose the presence of any lead-based paint hazards in a home when selling it. Professionals are also required to remove it if that becomes necessary.
MoldMold can be a major problem in a home, leading to respiratory difficulties and allergies. Mold that grows undetected over a longer period of time can cause more serious problems. Unlike many other problems, mold can often be removed using everyday household cleaning supplies. Unfortunately, it may become too thoroughly embedded in porous carpets or other objects. In a worst case, it can get into the walls or ceilings and require professional help or a major project to remove it.
Radon
According to cancer.org, Radon is a colorless, odorless, radioactive gas. Radon is a problem in some homes, particularly in the northern U.S. While a test for radon is not necessarily required by law, the results of any test the home seller chooses to make must be disclosed. The source notes that some radon problems are complex and expensive to deal with but others are relatively easy and cheap to solve.
Educating yourself on what toxins may be lurking around your home is very important.
Friday, August 30, 2013
Tuesday, August 27, 2013
Can scents help sell your home?
Sometimes it is the little things that make a buyer fall in love with a home. Home fragrance, because of human’s emotional tie to smell, is one such factor that can push a potential buyer over the edge toward purchasing. Before your next prospect walks through the door, burn that candle or turn up the Scentsy. It might just seal the deal. Just remember, there are some SCENTS that will also kill the deal!
The Research
Marketers have long known that smell helps determine why we buy. In his Paco Underhill’s book, “Why We Buy: The Science of Shopping,” he states that scent is the new frontier of marketing. Whether the appliance aisle smells like fresh linen, or baby stores pump the scent of baby powder through their vents, the connection people have with smell tends to led them to reach for their wallets. A smell has no particular importance until it is tied to something with meaning in a person’s life, creating a strong, yet subtle, bond.
Your Home
If it works in department stores, why not try out this technique in your home. The home fragrance that you use can tell a story about your home and the atmosphere it has. Below are a few common scents to try that might help to create a story about you and your home.
Lavender
The Texas state flower might be a bluebonnet, but if you want to show your home as a relaxing oasis away from the busy world, lavender should be your home fragrance choice. Exposure to lavender can help decrease your heart rate and is a great stress reliever. If you want to show off your home as a place of comfort and peace, this should be your go-to home fragrance.
Pumpkin
In Dallas, we often hear about that season called “Fall” but rarely get to see it. Fall scents make your home feel warm and inviting, like an evening around the fireplace with loved ones. For buyers that are family-oriented and looking for inviting evenings at home, the fragrance of pumpkin will bring out those emotions.
Sugar and Spice
Who really makes the decision to buy a home? If you are after the adult decision makers, cinnamon is a scent that is said to signify financial success and is appealing to many adults. On the other hand, there’s no denying that kids like sweet smells. If you are positioning your home as a great place to raise a family, you might be surprised how much decision power the little ones have. Whether it is cookies baking or apple pie, a sweet fragrance is sure to win over the little ones.
Emotional Ties
With all the things you are doing to try to market your home, there is no harm in adding in one extra factor. Home fragrance can evoke memories and meaning, and potentially connect a buyer to your home without them even realizing it.
Contact me today for a home market evaluation to find out what your home is worth!
Marketers have long known that smell helps determine why we buy. In his Paco Underhill’s book, “Why We Buy: The Science of Shopping,” he states that scent is the new frontier of marketing. Whether the appliance aisle smells like fresh linen, or baby stores pump the scent of baby powder through their vents, the connection people have with smell tends to led them to reach for their wallets. A smell has no particular importance until it is tied to something with meaning in a person’s life, creating a strong, yet subtle, bond.
Your Home
If it works in department stores, why not try out this technique in your home. The home fragrance that you use can tell a story about your home and the atmosphere it has. Below are a few common scents to try that might help to create a story about you and your home.
Lavender
The Texas state flower might be a bluebonnet, but if you want to show your home as a relaxing oasis away from the busy world, lavender should be your home fragrance choice. Exposure to lavender can help decrease your heart rate and is a great stress reliever. If you want to show off your home as a place of comfort and peace, this should be your go-to home fragrance.
Pumpkin
In Dallas, we often hear about that season called “Fall” but rarely get to see it. Fall scents make your home feel warm and inviting, like an evening around the fireplace with loved ones. For buyers that are family-oriented and looking for inviting evenings at home, the fragrance of pumpkin will bring out those emotions.
Sugar and Spice
Who really makes the decision to buy a home? If you are after the adult decision makers, cinnamon is a scent that is said to signify financial success and is appealing to many adults. On the other hand, there’s no denying that kids like sweet smells. If you are positioning your home as a great place to raise a family, you might be surprised how much decision power the little ones have. Whether it is cookies baking or apple pie, a sweet fragrance is sure to win over the little ones.
Emotional Ties
With all the things you are doing to try to market your home, there is no harm in adding in one extra factor. Home fragrance can evoke memories and meaning, and potentially connect a buyer to your home without them even realizing it.
Contact me today for a home market evaluation to find out what your home is worth!
Changes to the Waterloo Rental Housing Bylaw Passed
The rental housing licensing by-law has been in effect for one year. City staff have reviewed the by-law for consistency and areas of improvement, and on Monday, August 12, Waterloo city council passed a motion to approve amendments to the by-law.
The amended by-law now includes an additional sixth class of license in order to appropriately capture residential rental units that are similar in nature to apartments but do not meet all aspects of the definition. The new Class Z license will capture rental units that meet two of the three criteria for being an apartment (having four or more dwelling units and being horizontally separated) but do not have an interior common hallway.
City staff have created this new class of residential license to allow properties without an interior common hallway to be licensed and meet safety standards - without having to meet specific bedroom or floor space standards. This amendment ensures consistency in application and enforcement of the by-law.
The application process and deadlines remain the same. Landlords can avoid long waits in line by applying for their license online athttp://mypermits.waterloo.ca
To review the residential rental housing by-law in its entirety, please visitwww.waterloo.ca/bylaw
Should you have any questions or concerns, please contact Municipal Enforcement Services at 519-747-8785or municipalenforcement@waterloo.ca
Monday, August 26, 2013
How much should you offer when buying a home....
To help answer this important question, I will prepare a detailed Comparative Market Analysis (CMA) that examines recently-sold properties, active listings, pending sales and expired listings. Through the Multiple Listing Service (MLS), I have access to the most current information on properties in your area.
From the CMA and my market knowledge, you’ll gain insights on the market in general and the specific property you’re considering—important details that should be factored into your offer.
These include:
Contact me today for a free Homebuyers Toolkit!
From the CMA and my market knowledge, you’ll gain insights on the market in general and the specific property you’re considering—important details that should be factored into your offer.
These include:
Market Facts | Property Facts |
Price of similar properties - both list and sales prices for similar properties in the area | Property condition - is it in good condition or will you need to make substantial investments in repairs? |
Price trends - current percentages of list price compared to sales price | Length of time on the market - a long time on the market may indicate a slow market, inappropriate pricing or some inherent problem with the property |
Supply and demand - in a high-demand, low-supply market your offer may be competing with others | Seller’s motivation - a seller under pressure to close a deal may be more receptive than one who can wait until the "right offer comes along." |
Absorption rate - number of month’s supply of inventory. Smaller numbers (shorter time frames) indicate a more competitive market for buyers. | Terms - what terms and contingencies must be written into the offer? Terms that make your offer more attractive include an all-cash transaction, pre-approval for financing, quick closing, and few contingencies or seller concessions. |
Average time on market - because listings expire or homes may be re-listed to appear "new" cumulative market time is critical | Property history - previous sales and financing history |
Contact me today for a free Homebuyers Toolkit!
Friday, August 23, 2013
To Buy a Home or To Not Buy a Home - that is the question!
The decision to purchase a home is a highly personal one, based on both tangible and intangible factors. Beyond your personal situation, local market conditions, financing costs, and future expectations must also be evaluated.
The following list of questions can help you decide if you are ready to move forward with a home purchase. Your Accredited Buyer’s Representative (ABR®) can help you sort through these issues and provide essential local market perspectives.
PURCHASING CONSIDERATIONS
•If you purchase a home, how long do you expect to live there?
•What can you afford to pay each month for housing-related expenses?
•What are the total costs of home ownership? This may include:
- Mortgage payments (based on various interest rate and term assumptions)
- Property taxes
- Homeowner’s insurance
- Utilities
- Maintenance costs
- Any other special fees?
•Do you expect these housing-related expenses to increase or decrease? (changes in interest rates may be a bigger factor than others)
•What additional expenses are required to complete a purchase? (closing costs, moving expenses, etc.)
•How much will your home ownership costs decline after adjusting for interest expense deductions and property taxes (if applicable)?
•Are local market prices favorable to purchasing? What are your expectations on future prices?
•Do you qualify for any special purchasing assistance programs that can help reduce the cost of home ownership?
RENTING CONSIDERATIONS
•If you are now a renter, what are your total housing expenses? (monthly rent, utilities, housing assessment, parking, etc.?)
•How does renting vs. buying factor into your long-term investing goals?
OTHER FACTORS
•What are your personal preferences regarding the type of housing you wish to live in? How does location factor into your housing preferences?
•How do you expect your personal situation to change, in terms of future housing needs?
•What are your expectations concerning future employment?
•What are your long-term personal and financial goals, with regard to housing?
For a complete rundown of closing costs or for a FREE HOMEBUYER'S TOOLKIT contact me today!
Thursday, August 22, 2013
Tips on Selling a Vacant Home
Many homeowners find themselves in a predicament when they are forced to relocate quickly for a new job or other extenuating circumstances without having time to sell their existing homes. In these cases, most owners end up purchasing a home in their new location a selling a home that is empty in their previous location.
Selling an empty house can present challenges to individuals, because a large part of a property’s appeal is viewing it when it’s properly staged. Aside from dissuading actual interest, even if there is an offer, quite often the offer is low because of the home not showing well and also because buyers often feel that because the sellers are maintaining a second household, the are anxious to sell the vacant home.
However, there are ways to overcome this obstacle and have a successful home showing.
Rent Furniture
The most immediate solution to an empty home is renting furniture sets to spruce up a home. Traditional staging rules should still be adhered to, and individuals should seek out furniture color palettes and accent pieces that are warm and neutral. Consumers do not have to break the bank to purchase extensive sets. Instead, a basic dining room set, a living room suite and bedroom set should suffice. In addition, consumers can borrow accent pieces from friends and family members to add more color and character to the home. Lastly, bringing small appliances, pictures and warm touches from their new home allows sellers to make the house feel more welcoming and family-oriented.
Clean and Update Thoroughly
A clean home is crucial for any sale, but it can be even more imperative for empty houses. Dust on the floors, dirty windows and grime on countertops will be even more visible to potential buyers because there are fewer objects around to distract them or cover up imperfections. Pressure wash carpets, clean windows, wash walls and make sure corners, vents and ceiling fans are dust-free before a showing.
In addition, sellers may want to take advantage of the empty space and repaint walls or put in new floors to make the area appear more modern and fresh
.
Don’t Ignore the Outdoors
Sellers should avoid getting too caught up with the interior of the home and pay equal attention to the exterior. Curb appeal is important in selling a home, and the landscaping and condition of the house is the first thing buyers will see when they pull up to a property. Keep grass trimmed, plant a few flower beds and make sure the home itself has been touched up to keep the outside profile looking neat.
For a free market evaluation of your home or to discuss local real estate conditions, please contact me today!
Selling an empty house can present challenges to individuals, because a large part of a property’s appeal is viewing it when it’s properly staged. Aside from dissuading actual interest, even if there is an offer, quite often the offer is low because of the home not showing well and also because buyers often feel that because the sellers are maintaining a second household, the are anxious to sell the vacant home.
However, there are ways to overcome this obstacle and have a successful home showing.
Rent Furniture
The most immediate solution to an empty home is renting furniture sets to spruce up a home. Traditional staging rules should still be adhered to, and individuals should seek out furniture color palettes and accent pieces that are warm and neutral. Consumers do not have to break the bank to purchase extensive sets. Instead, a basic dining room set, a living room suite and bedroom set should suffice. In addition, consumers can borrow accent pieces from friends and family members to add more color and character to the home. Lastly, bringing small appliances, pictures and warm touches from their new home allows sellers to make the house feel more welcoming and family-oriented.
Clean and Update Thoroughly
A clean home is crucial for any sale, but it can be even more imperative for empty houses. Dust on the floors, dirty windows and grime on countertops will be even more visible to potential buyers because there are fewer objects around to distract them or cover up imperfections. Pressure wash carpets, clean windows, wash walls and make sure corners, vents and ceiling fans are dust-free before a showing.
In addition, sellers may want to take advantage of the empty space and repaint walls or put in new floors to make the area appear more modern and fresh
.
Don’t Ignore the Outdoors
Sellers should avoid getting too caught up with the interior of the home and pay equal attention to the exterior. Curb appeal is important in selling a home, and the landscaping and condition of the house is the first thing buyers will see when they pull up to a property. Keep grass trimmed, plant a few flower beds and make sure the home itself has been touched up to keep the outside profile looking neat.
For a free market evaluation of your home or to discuss local real estate conditions, please contact me today!
Tuesday, August 20, 2013
Final Walkthrough Checklist for Homebuyers
GENERAL
Have all agreed-upon repairs been completed?
Has the associated paperwork been submitted?
Have the sellers removed any contents that are supposed to stay?
Is the home relatively clean and ready for new occupants?
WALLS, CEILINGS AND FLOORS
Are there signs of new damage? (water damage, gouges, stains, etc.)
ELECTRICAL
Do all light fixtures work?
Does every outlet have power?
PLUMBING
Test each faucet. (On/off? Water pressure? Hot/cold water?)
Check under sinks for leaks
Do all toilets flush properly?
Are any drains clogged?
WINDOWS/DOORS
Do all windows open, close and lock properly?
Do they all have screens (if applicable)?
Do all exterior and interior and close properly?
Do the locks work?
If there’s an electric garage door, is it operational?
Do all cabinet doors/drawers open/close?
APPLIANCES
Do all appliances included in the home operate correctly?
Refrigerator
Dishwasher
Stove, cook-top, oven, microwave
Garbage disposal
Other specialized kitchen appliances (e.g., warming drawers, wine coolers, trash compactors)
Exhaust fans (kitchen and bath)
Heaters (bath)
Ceiling fans
HVAC
Test the furnace and/or air conditioning system
Are any vents blocked?
EXTERIOR
Has there been any damage to:
exterior walls or roof?
driveway?
doors open landscaping?
other structures on the property?
Contact me today for a FREE Homebuyer's Toolkit or to discuss market conditions in your neighbourhood! Kim Louie at klouie@coldwellbankerpbr.com or www.kimlouie.net
Thursday, August 15, 2013
17 House Warming Gifts People Actually Want
1. Short-term art.
Check it out here.
2. Create a QR Code for their WiFi password.
Check out the how to guide here.
9. A fire extinguisher people don’t want to hide.
Everyone should have one; almost no one does. You might as well give a good-looking one! Order one from France here.
12. A personalized basket.
The baskets don’t have to be big. They’re best when they’re personal, though.
13. An iPod speaker that will work in the shower.
Purchase one here.
14. Bring soup in a jar so they don’t have to worry about their first dinner.
Get the recipe here!
15. A wall outlet they won’t be able to live without.
Grab one here.
Tuesday, August 13, 2013
Start an Annual End of Summer Block Party in Your Neighbouhood...
Summer is slowly coming to an end. Before the days grow shorter and the late night sunshine fades you may want to consider throwing a block party. Not only are block parties fun but they allow you to connect with new neighbors and strengthen relationships with those you are already friends with.
Permits & Teamwork
Before jumping into planning it is important to take care of two major items. First find out if you need to have a permit. You can find out by contacting you local city or town hall. It would be a total bummer if you planned the party only to find out you aren’t allowed to have it. Once you get the green light start recruiting. Throwing a good block party requires a team effort.
Create a flyer explaining your desire to throw the party and ask neighbors to volunteer. Once you have your team of volunteers delegate responsibilities so you have someone managing the following:
There are two routes you can take with planning the party menu. You can charge a fee and have it catered or you can decide to do potluck. If you choose the latter have the person in charge of party communications send a sign up sheet to the block and ensure you have a good balance of appetizers, salads, entrees and desserts. For entrees it may be a good idea to have a few volunteers for grill duty. You may want to consider charging a small fee to cover the cost of the meat. Another idea…make it BYOG. (bring your own grill)
Bring Your Own..
While on the topic of “bringing your own, here are some things you should remind your guests to bring their own:
Music is a must. Decide if an iPod is sufficient or if you want to have a brand or DJ. Whatever you decide be sure you plan to set it up in a place that has plenty of room for dancing!
Because this is a family fun event be sure to plan something for all ages. Relay races, hoola hoops, and eating contests are all fun possibilities
Have a Back Up Plan
Sorry to be a debbie downer but with the rainy summer we have had I have to say it. It might rain on your party day. Have a back up plan and decide if you will have a rain date if it does happen to be a rainy day.
Block parties take some time and effort to plan but they are a great way to bring the community together for fun and relaxation. It also sets up a sense of security by allowing others the opportunity to familiarize themselves with people they may have never seen or talk to.
If it goes well it might become an annual tradition! Enjoy!
Permits & Teamwork
Before jumping into planning it is important to take care of two major items. First find out if you need to have a permit. You can find out by contacting you local city or town hall. It would be a total bummer if you planned the party only to find out you aren’t allowed to have it. Once you get the green light start recruiting. Throwing a good block party requires a team effort.
Create a flyer explaining your desire to throw the party and ask neighbors to volunteer. Once you have your team of volunteers delegate responsibilities so you have someone managing the following:
- Food & Drinks: Coordinate the menu and volunteer list
- Entertainment: Music, games, etc
- Communication: Have this person set up a Facebook event or email change to keep everyone in the loop
- Set Up & Clean Up/Decor: In charge of set up and break down in addition to plates, cups, napkins, utensils.
There are two routes you can take with planning the party menu. You can charge a fee and have it catered or you can decide to do potluck. If you choose the latter have the person in charge of party communications send a sign up sheet to the block and ensure you have a good balance of appetizers, salads, entrees and desserts. For entrees it may be a good idea to have a few volunteers for grill duty. You may want to consider charging a small fee to cover the cost of the meat. Another idea…make it BYOG. (bring your own grill)
Bring Your Own..
While on the topic of “bringing your own, here are some things you should remind your guests to bring their own:
- Lawn Chairs
- Camera
- Sunscreen
- Fold Up Tables
- Alcoholic Beverages (remind party goers that underage drinking will not be tolerated)
Music is a must. Decide if an iPod is sufficient or if you want to have a brand or DJ. Whatever you decide be sure you plan to set it up in a place that has plenty of room for dancing!
Because this is a family fun event be sure to plan something for all ages. Relay races, hoola hoops, and eating contests are all fun possibilities
Have a Back Up Plan
Sorry to be a debbie downer but with the rainy summer we have had I have to say it. It might rain on your party day. Have a back up plan and decide if you will have a rain date if it does happen to be a rainy day.
Block parties take some time and effort to plan but they are a great way to bring the community together for fun and relaxation. It also sets up a sense of security by allowing others the opportunity to familiarize themselves with people they may have never seen or talk to.
If it goes well it might become an annual tradition! Enjoy!
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