In The News

IN THE NEWS

A quick look at the stories that are affecting our local real estate market. [June 30th, 2022]


OSFI makes real estate loan changes aimed at reducing lender risk

June 28, 2022 - cambridgetoday.ca

Canada's banking regulator is tightening requirements for some types of real estate loans to protect homeowners who may be at greater risk from higher interest rates.

The Office of the Superintendent of Financial Institutions says changes affect combined loan plans like reverse mortgages or loans with shared equity features, which have grown in popularity in recent years but may be riskier for lenders.

For borrowers who owe more than 65 per cent of the loan value, a portion of their payment must to go toward the loan principal…

121 Views, 0 Comments

Are You Worried About Buying and Selling in Today's Market?

Perhaps the most common concern that I've been hearing from homeowners lately, is that of uncertainty in regards to finding a new home after committing to the sale of their current one. "Where will we go, and what if we can't find a new home in this market?" The fact is true that the market has been interesting to navigate over the last two years, but that should never prevent you from your real estate goals.

Thinking about selling your current home, but worried about buying your next one?

- The Purchase -

The market has been a bit crazy over the past two years, but things have started to settle down. As more homes hit the market this Spring and average selling prices begin to…

154 Views, 0 Comments

Home Selling Mistakes to Avoid:
OUTDOOR EDITION

Home selling mistakes to avoid outdoorsOne of our most popular blog posts was about home selling mistakes to avoid. Since this post was so popular, we thought it was a good idea to make a similar post, this one dedicated to the home selling mistakes that happen outdoors. You know, the cluttered lawns, unkempt gardens, and peeling paint-type of outdoor problems. Read on to make sure you don't make these common mistakes when selling your home!

Leaving Out The Trash

One common thing that sellers often overlook is keeping their outdoor garbage areas in good shape. If your garbage bins are overflowing with trash and your recycling bins are scattered with empty soda cans, it might make people think you've neglected the rest of your home too.…

1039 Views, 0 Comments

Home selling mistakes to avoid Home Selling Mistakes To Avoid

Selling your home can be an overwhelming process but that’s why I’m bringing you my list of the top home-selling mistakes that people often make. Keep this list in mind and you’ll be able to avoid some of the most common home-selling mistakes and make yourself thousands of dollars or more!

1. Pricing Your Home Too High

I've mentioned this before and it’s worth mentioning again. A home that is priced too high will discourage people from making an offer. Even if you think that the granite countertops you installed should allow you to raise your price, if it’s drastically over-priced compared to other houses on the street, it won’t bode well. It’s important to remember that your home is only worth what people are…

2745 Views, 0 Comments

Seller's Budget Worksheet: FREE Download

Selling your home is a big event that most people only ever do once, if at all. This can create a huge list of questions, and at the center it usually comes down to money.

If you are wondering what to budget and where it should go, I've got you covered! I've put together a Seller's Budget Worksheet for you to download for free. Just click the link below and you'll be able to save the PDF file and print it out.

Download free Seller's Budget Worksheet

Any questions about it? Contact me today and I'll help you out. 

Contact Dewar Realty

911 Views, 0 Comments

How To Know When It's Time To Downsize Your Home

Retired couple enjoying a glass of wine at home - Is it time to downsize your home - Dewar Realty - The Real Estate Blog

As a realtor, I help people in all stages of their lives buy and sell their homes. One common question I get is when it’s time to downsize your home. While you are the best judge of whether or not it is the right time to downsize, here are some things to think about to help you make your choice.

Do you have extra, unused space in your home?

If you are an empty nester whose children have moved out, you're probably faced with a few extra rooms that don't get the same use that they used to. Maybe you don't need that third bathroom or second family room in the basement. As your children move out and start their own families, it's a good time to think about downsizing. Getting rid of that unused…

937 Views, 0 Comments

You Have Received an Offer! Now What?



You never truly know what buyers are thinking when they make an offer, but, the ease of negotiations will be directly linked to the amount of preparation you've put into listing your home.

Below are your main areas of focus.

Working with the Price

If you get your asking price, or even over it, that's fantastic! If you don't find the price appropriate you can sign the offer back. This means you're refusing the offer and would like to make changes. One thing to remember is that buyers ultimately decide what your house is worth. If the showing feedback & offer history shows that your price may be high, then be flexible. There may be other ways to save money.

Working with the Closing Date

When do you…

936 Views, 0 Comments

Increasing Curb Appeal and Getting Buyers In The Door

Before you put money in to your home, the exterior should be taken care of. The first impression is made when potential buyers drive by your home or pull into your driveway. If it doesn’t look good, they are approaching with skepticism or they may just keep on driving!

While exterior improvements may not have a large ROI, compared to Interior improvements, they are essential. Anything on the outside of your home that needs improvement or replacement could significantly affect an offer price or the desire to place an offer at all. Some exterior items can have large price tags to fix and the average buyer won't be willing to assume major repairs. I know everyone has a different budget when…

897 Views, 0 Comments

How To Price Your Home For Sale

Do you know what your home is worth? Do you know what your homes will sell for? Probably not!

We all want to achieve the highest possible sale price for our home. Consider this when establishing an asking price. In 2014 - 6,638 homes were listed in Cambridge and 3,131 of them sold. This means that only 47% were able to sell their home. So, how do you join the SOLD percentage?

Pricing your Cambridge, ON home accurately is very important to achieving a sale, so be realistic. The price is the first thing buyers look at and if they feel your home is overpriced it can linger on the market, or encourage buyers to look at other options. Remember - Although you set the asking price, the value of your home is determined…

925 Views, 0 Comments

The Top 10 Things You Need To Do To Prepare Your Home For Sale

The Top 10 Things you Need to do to Prepare your Home for Sale There are many ways to prepare your home to sell to ensure you get top value for your property. We’ve compiled a list of what we think are the most important tasks to undertake leading up to your house’s sale.

1. Emotionally Detach

It’s important to constantly remind yourself why you’re selling the property. Remember the reasons why selling your property is good for you and your family and try your best to emotionally distance yourself. The sale of your home has now become a business transaction. It is likely that both buyer and seller will be making concessions in one way or the other, so keep that in mind. 

2. View the Home from a Buyer’s Perspective

Now that you’re mentally…

1653 Views, 0 Comments