THIS LOVELY 3 BEDROOM HOME IS A ONE OWNER HOME. IT HAS A WONDERFUL POOL SIZED LOT ON A SOUGHT AFTER STREET. CLOSE TO SCHOOLS ,CHURCHES AND SHOPPING. THIS HOME IS PERFECT FOR THE FIRST TIME BUYER OR SOMEONE LOOKING TO DOWNSIZE. 3 LEVEL SIDE SPLIT , THREE BEDROOMS AND LIVING AREA WITH A BEAUTIFUL FIREPLACE. PRICED AT 229,900.00 . CONTACT CARL FOR MORE INFORMATION. FLEXIBLE CLOSING DATE IS AVAILABLE. LOOKING FORWARD TO SEEING YOU ON SUNDAY.
H3008631 march 4 - 2009 sold conditional
HAMILTON-BURLINGTON Showed 476 units sold in January. This is a 42 % decrease from last year. This demonstrates a market shift, however there is still movement in the market place. Actual price declines have been modest. Some Condominiums prices have seen a 2 - 3% increase in Price. It seems the home that was $ 319,000 last year , may have to be down to $ 299,000 to effect a sale. The typical townhouse that was $ 299,000 may have to be 284,900 . Now these are generalizations but it is very important to note that a sharp price will beat out the competition and I cannot emphasize home staging enough. I provide home staging with a " full time" experienced home stager which helps the Seller beat out the competition.
Year to Year statistics provided by the Hamilton Real Estate Board
January Market update for Burlington Hamilton:
December 478 units have been sold. A estimated decrease of 27% from last year. For 2008 we were down in sales approximately 12.7%. The average price of residential properties were $ 255,000. Condos have held up wll with a slightly lower decrease. The average price was approximately$ 179,000.The first quarter is expected to be tough, and many sellers are listing their propertys based on fall statistics, not recognizing these prices were set before the " meltdown" . The U.S and Canada are poised for major spending which hopefully will kick start the ecomony which especially in the manufacturing sector has grinded to a halt.
The Postive is it is a good time to purchase with low interest rates and more realistic prices on the market . Real Estate is a long term investment, and should be treated as such.
One of the best ways to protect your Condominium Investment is to join the Board of Directors. This position is often overlooked and is of extreme importance. The Condominium Manager takes direction from the Board. Condos have different declarations, rules etc. Generally Boards set the budget which is ratified at a AGM meeting. Unit owners are often not aware of the power a Board has and how much discretion they use.
Often Boards seem to have experience however they can lack common sense. I have seen Boards spend money on " flower bed Maintenance , yet the driveways did not get paved. Just as in life there are wants and needs. Often Condominium Boards will overlook infrastructure repairs and focus on beautifying the complex. Believe me a good looking complex can be tough to sell if the complex require a special assesment to effect the repairs.
If you join the Board and get involved this is an excellent way to protect your investment. If you have no time , then when you receive the proposed budget , review before the Annual General Meeting so you are prepared to make sure the Board is truly representing the voice of the community.
Its funny, often when we work for ourselves it can be easy to let things go flat. Since I have joined the Active Rain Community I find myself thinking Real Estate more than ever. ( it is driving my wife nuts ) I have done the following since blogging has begun. I am designing my own blog soon to be announced. I have ordered Marketing Promotion for my valuable referral clients. I am starting two Real Estate Courses.I also am updating my Real Estate license requirements( six months early)
And from morning to night I realize the opportunity that this industry presents if we just stay away from the water cooler in the office. If you hear negativity at the water cooler its easy to get sucked in. If you read it on a blog you do not buy into it as easy.
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Carl actively sells homes in Burlington, ON and surrounding areas. His business has grown on a solid network of family and friends. Please access www.carlstars.com for details.
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