Sundre’s Home Fair – March 21st!

Leave a comment

Sundre’s 1st Annual Home Fair is being sponsored by CIR REALTY on Thursday, March 21, 2013.  We have representatives attending from the all the service providers commonly needed when Buying or Selling real estate.  Lawyers, Home Stagers, Home Inspectors, Appraisers, Banks, Mortgage Brokers, Builders and Realtors  will all be available to provide you with information to make your next real estate transaction easier for you.  All this under one roof – Sundre Elks Hall, beginning at 7 oclock.  This is open to the general public, so spread the word!  Even if you’re not ready to sell or buy yet, you will hear many useful tips to prepare you for what most people do 5 or 6 times in their life.

Coffee and snacks provided – NO COST to you.

See you there!

Advertisements

March 21, 2013 – SAVE THE DATE!

Leave a comment

Sundre’s 1st Annual Home Fair is being sponsored by CIR REALTY on Thursday, March 21, 2013.  We have invited representatives from the all the service providers commonly needed when Buying or Selling real estate.  Lawyers, Home Stagers, Home Inspectors, Appraisers, Banks, Mortgage Brokers, and Realtors  will all be available to provide you with information to make your next real estate transaction easier for you.  All this under one roof – Sundre Elks Hall, beginning at 7 oclock.  This is open to the general public, so spread the word!  Even if you’re not ready to sell or buy yet, you will hear many useful tips to prepare you for what most people do 5 or 6 times in their life. 

Coffee and snacks provided – NO COST to you.

Mark your calendar now.

Recreation Properties

Leave a comment

Here in Mountain View County, we are surrounded by beautiful recreation areas.  Rivers, proximity to the mountains, and several Golf courses are just some of the attractions.  CIR REALTY in Sundre has several listings that are well suited to buyers looking for that perfect recreation property, most of which are year-round homes.  If campfires, space, beautiful surroundings to explore, and no fighting the crowds for a spot on weekends sounds applealing, then give us a call or stop in.  We’d love to help you find the spot that meets your needs and lets you enjoy your time in our great community!

Sundre Market Activity

Leave a comment

Every day people ask,”What’s happening in the Real Estate Market?”  For many people wanting to sell, it has been a difficult couple of years with market activity being relatively slow.  Recent months however, give us reason to be more optimistic.  Sundre has seen a definite increase in sales activity.  Below are the market stats produced by the Calgary Real Estate Board.  These show firm  and completed sales only. within the Town of Sundre, not conditional sales that are still in progress. These are only the single-family homes, no condominiums are included.   Of these 8 sales, CIR REALTY, in Sundre has had 5 of the Sellers and has brought 4 of the Buyers – impressive results!   Looking further at the statistics, the market is still heavily loaded with listings, compared to buyers,  so Sellers, don’t expect to see any substantial increase in sale prices any time soon.   The median sale price is the most useful to us, since it shows the $ value where the most sales took place.  For the first quarter, most sales are occuring around the $300,000 range, so if you have an upper-end property, it may take longer to move.  Finally, take a look at the list to sale ratio.  Most sales are occuring where the property is list within 3% of its final sale price.  Sellers who want to try to list higher than the market value risk making all the other properties look good by comparison – and believe me, with this many listings, Buyers will compare.

If you have any questions about the local real estate market, give us a call at CIR REALTY.  We’ll be happy to help you.                 

 

  Q1 YTD
  2011 2012 % 2011 2012 %
Single Family
Sales 6 8 33.33% 6 8 33.33%
New Listings 21 21 0.00% 21 21 0.00%
DOM 87 114 31.03% 87 114 31.03%
Average Sales Price 299,250 286,312 -4.32% 299,250 286,312 -4.32%
Median Price 281,500 304,250 8.08% 281,500 304,250 8.08%
Sales / New Listings Ratio 28.57% 38.10% 33.36% 28.57% 38.10% 33.36%
Sales $ / List $ 97.49% 96.71% -0.80% 97.49% 96.71% -0.80%

Cool, Clear, Water

Leave a comment

Just like the old song, Cool, Clear Water is perhaps the most important issue when buying a rural property.  Without good potable drinking water in sufficient supply, rural life can lose some of its appeal.  When purchasing a rural property with its own water supply, you need to consider 3 items:  the well system, water quantity, and water quality.

Well systems will usually be of 2 types: bored or drilled.  Bored wells are more commonly used to produce water from shallow surface aquifers.  In general, shallower wells are more suseptable to contamination from surface water and to water shortages.  Drilled wells are most often used for deeper wells.  Since some of the cost of a well is a price per foot of drilling, the deeper the well, the more expensive it will be.  It SHOULD also be a safer source of water. 

A property inspector, familiar with wells and water systems, should inspect the well on a property before it is purchased.  The following areas should be checked:

1.  Pull the well record or have your realtor do it.  Well drillers report the date a well was drilled, depth, static water level, and recommended pumping rate in gpm (gallons per minute).  Note that the gpm is at the time of drilling and may have changed substantially if not a recently drilled well.

2.  Location – A well should be at least 50′ from any source of contamination.  Consider septic systems, manure, fuel, fertilzer run-off or salt run-off as sources of contamination.

3.  The well cap should be at least 12″ above ground level.  Well casing should be in good condition and ground should slope away from the well.  Water should never pool around the well casing. 

4.  Check inside the house for sand or grit in the faucet screen.  Check the pressure on the pressure tank – between 250 to 400 kPa is recommended. 

Water Quantity – The amount of water that a well produces can be assessed by having a water flow test done by a professional.  If well flow is insufficient for the buyers’ needs, there are a number of options that can be suggested.  Many financial institutions require a minimum of 3 gpm for a ‘normal’ household.  More would be required if the well would also be the source of water for agricultural purposes.

Water Quality – Water can be tested for Potability  and Chemical Analysis.  A potability test will determine if the water supply is free from harmful bacteria, specifically coliform.  Water samples can be arranged through the local health unit or hospital lab.  A chemical analysis will determine the water hardness, etc. and could indicate whether a water softener, or a filtration system of some sort, should be installed. This analysis is done through private labs so costs vary.   

Since the water supply is usually critical to the value of a rural property, talk to your realtor about it.  Conditions can be placed in any offer to purchase that will allow a Buyer the time and access to determine if the water meets the Buyer’s needs.

For more information on this topic, check out the CMHC website under Consumers,  About Your House.

What Every Seller NEEDS To Know

Leave a comment

Before you list your property, you need to consider where will your Buyer come from?  Why should you worry about that? Because you want to list with a realtor who will place your property in front of buyers – not sightseers.  Where Buyers find property has changed quite dramatically in the last decade.  The National Association of Realtors (NAR) has released their research for 2011 and it holds important information for Sellers.  The study reveals that 91% of Buyers come from 4 sources:  the internet, the realtor, signage and neighbors/friends.  To increase your chance of selling, you should choose a realtor who will make maximum use of these 4 key areas.

  Placing your property on the MLS is only 1 piece of the internet pie you want to tap into: company & personal websites, websites that are syndicated (picked up by 100s or thousands of other websites like the CIR REALTY website), facebook, linkedin, kijiji, e-newsletters, etc. etc.  all create a huge internet presence to increase the chances of a Buyer finding your property. 

The 2nd greatest source of Buyers is through realtors themselves so you want a realtor who has a large network of colleagues and contacts available to them.  Again, CIR REALTY is a huge asset with over 600 realtors in the company and weekly internet meetings where listings are shared. 

Signage should not be overlooked so work with your realtor to accommodate a location that provides good visibility for signs.

Lastly, let all your friends, neighbors and relatives know that your property is for sale.  While they may not personally want to buy, they may know someone who knows someone…  Think of the people you can reach if you post a link to your property on facebook or through emails and that gets forwarded or reposted by your contacts and your friends, etc.  Social media is growing in importance daily, where marketing is concerned, so talk to your realtor about the possiblities.   

The old saying “Location, location, location” is as true for the value of the marketing materials as it is for the value of the property itself!  Be sure you are getting the value you deserve.

Where Will Your Buyer Come From?

Leave a comment

Before you list your property, you need to consider where will your Buyer come from?  Why

Older Entries