Szabolcs Pall

How's the market? It's the one question we seem to be hearing over and over again. The market can typically fluctuate within three types of market conditions:

1. Seller's Market

2. Buyer's Market

3. Normal or Balanced Market

And a good indicator of market conditions is to interpret the number of months of listing inventory. This is arrived by taking the total number of listings on the market, and divide that by the average number of sales per month.

This will give you the number of months of inventory. 4-6 months is a Seller's Market, 6-8 months indicates Balanced and 8-10 months equals a Buyer's Market.

Looking at the information available on Cambridge we see that there are currently 497 active listings and that we were averaging 70 sales over the last 2 months. This gives us 7.1 months of inventory, indicating that we are currently in a balanced market. Markets shift all the time, making it necessary to stay current on the factors affecting these numbers.

Send me an email at szabolcs.pall@century21.ca for more information or visit ready2move.ca for more contact info.

Are You Ready 2 Move?

For many people, the idea of letting someone live in your home for a definite period of time seems foreign. But others view it as an opportunity to knock a few grand off their mortgage, especially if circumstance has them relocating to another city for an extended period of time.

Most Lease terms are for a period of one year, but can also be for longer periods. As always, you should work with your Realtor® to arrange the necessary paperwork. Not only to ensure that your rights are well protected, but to ensure that once you accept an offer, the transaction closes in a timely manner. This allows you to look forward to your pending move knowing, that your single biggest asset is well protected and your mortgage $15K - $20K lighter.

What are some conditions to include in a Residential Lease Agreement? Send me an email at szabolcs.pall@century21.ca to find out.

Among households that renovated in 2007, 41 percent contracted out all the work, while 31 percent did the work themselves or with the help of friends or family. Over a quarter of households who renovated did a mix of both hiring a contractor and doing a portion of the work themselves. In 2007, compared to 2006, the share of households that decided to do the work themselves decreased, while a larger share of households contracted out all the work or contracted out part of the work and did some themselves. What renovations are you prepared to attempt, and which ones will you contract out

Send your comments to szabolcs.pall@century21.ca