By Mark Schadenberg
An organized house and an organized seller should realize in the sale
of your property. Or not ?
However, the most important part about selling your house is to have
the right asking price.
Locally, prices leaped by at least 15% in 2005 when it was announced a Toyota manufacturing facility was to be built here. Now – eight short years
later – there are about 2,500 (or more) employees at TMMC in Woodstock.
The statistical info on home sales also indicated a more modest
increase in sale values in 2008. I would say there’s an increase again in 2013
as inventory (number of listings) is low and sales totals are much higher than
2012 (*; 1016 first nine months of 2013 versus 861 in 2012).
I still believe the main increase in prices in new homes since 2008 is also due
to supply and demand as the price of building lots has increased as the City
had an agreement with Toyota to draw a 1-kilometre territory or circumference
around the plant down Devonshire Avenue to literally put up a road block to
neighbourhoods or subdivisions inside this perimeter. Simply put, if you want to
live relatively near Toyota for work, the lot prices have moved upward.
Meanwhile, lot sizes have decreased in frontage from an average of 50
feet to about 40 (or less) in recent times.
Provincial guidelines require municipalities to intensify its
development – more people per square foot. In larger centres, that translates
into building up and not out.
Back To Buying Today
With microscopic interest rates likely continuing for at least three
years now is the time to up-size. If you bought in 2004 in Woodstock, for
example, your equity alone would allow you to purchase a much larger home and
avoid the high-ratio mortgage fees (CMHC) insurance. Don’t quote me on this
because if you bought a $400,000 home, you would need over $100,000 down and a
sparkling work and credit report to avoid CMHC.
For more info, read The National Post story about getting your house
ready for sale, and then call me.
*WIDREB (Woodstock-Ingersoll District Real Estate Board) stats
THE LINK:
Mark
Schadenberg, Sales
Representative
Royal
LePage Triland Realty
757 Dundas
St, Woodstock
www.wesellwoodstock.com
(519) 537-1553,
cell or text
Email:
mschadenberg@rogers.com
Twitter:
markroyallepage
Discussion
. . . Direction . . . Determination . . . Destination
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