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Archive for June, 2009

Open House – Sunday June 28 – 2:00pm-4:00pm

Sun, 28th June, 2009 - Posted by Sean Kavanagh - (0) Comment

One of a Kind Family Home on Quiet Crescent in the Orchard-North East Burlington with Fully Finished 1 Bedroom Apartment in Walkout Basement,Upgrades include: Hardwood Floors,Oak Stairs,High Ceilings, Upgraded Maple Kitchen with High Cabinetry, Island & walkout to Huge 2nd level Deck, Family Room with Vault Ceilings, Huge Windows & Fireplace, Main Floor Laundry, Interior Access to Double Garage, Spacious Bedrooms, Master with 5 piece Ensuite- His & Hers Vanity- Soaker Tub- Separate Shower and Walkin Closet, Stunning Sun Filled Suite in Lower Level with Full Kitchen, 4 piece Bathroom, Bedroom and Living Room with Walkout to Patio, Fully Fenced Lot Backing onto the Original Orchard- 3 car Driveway, Main Floor Laundry and More! Perfect for the Extended Family or Investment!!!

Don’t miss the opportunity to grab this great home for this great price!

Sean Kavanagh

905-220-9198
www.seankavanagh.ca
www.seansells.ca
www.kavanaghrealestate.ca

Category : Open Houses

SOLD – See How I Can Sell Yours!

Sat, 20th June, 2009 - Posted by Sean Kavanagh - (0) Comment

Just put up the SOLD stickers on this great property in Burlington, Ontario. If you are thinking about getting some SOLD stickers put up on your property, all you have to do is give me a call!

LIST WITH ME AND GET HOME STAGING FOR FREE!!!

As part of my full service listing package to my clients, I offer free home staging as a bonus for anyone who decides to use my real estate services to list their house.

Other benefits include:
• Maximum front page exposure on www.seankavanagh.ca and www.seansells.ca websites
• Regular blog posts promoting the property
• Regular Twitter, Facebook and LinkedIn updates to thousands of potential buyers
• Property address domain name registered for the property
• Google AdWord purchased directing buyers to your property (Google my name and see where I am!)
• Professional style photography with a 21 photo virtual tour
• Plus much, much more to get your home sold in shortest possible time for mamimum value!

Please call me today for a FREE No-Obligation evaluation of your home. The evaluation will include a comprehensive analysis report on the current value of your home compared to other properties that have sold in your area.

So pick up the phone, give me a call and let’s get your home SOLD!

For more information on buying or selling real estate in Burlington, Hamilton or Oakville, Ontario, or if you have questions about current market trends, mortgages or interest rate information, please visit the Sean Kavanagh Real Estate Resource Centre at www.seansells.ca, or at www.seankavanagh.ca I’d be happy to answer any questions to accommodate all of your real estate needs. Follow me on TWITTER! You can also contact me at 905-220-9198 or at www.realestatechat.ca as I am now a moderator on the Ontario Real Estate chat forum as well as the Burlington, Ontario sub-forum.

I look forward to hearing from you!

Sean Kavanagh

Building Lasting Relationships and Exceeding Expectations

Category : Sellers

Don’t be fooled by national averages, look locally!

Fri, 19th June, 2009 - Posted by Sean Kavanagh - (0) Comment

During these first days of summer, as economists are telling us that the worst of the recession may be over, Canadians are wondering how the values of their largest financial assets – their homes – are holding up. Media reports of real estate statistics have left many Canadian homeowners rightfully confused. The problem is that these statistics are usually based on averages of city, provincial and national markets. Such averages are pretty much irrelevant to what’s really happening in specific neighbourhoods. Our analysis suggests that Canadian homeowners should avoid relying on city, provincial or national averages to value their homes. Instead, sellers should monitor selling prices of similar homes in their own neighbourhoods. Buyers should monitor selling prices of typical homes in the neighbourhoods where they want to live.

Canada
In mid-June, CREA reported that the Canadian national average price for home sales via the Multiple Listing Service® (MLS) in May 2009 was $319,757, +0.4% compared with May 2008.

Greater Toronto
The Toronto Real Estate Board reports that the average home price in May 2009 was $395,609 for all transactions (single and detached homes, condo apartments and condo townhouses) in the Greater Toronto Area (GTA). The GTA is the country’s most populous urban concentration bounded by Lake Ontario on the south, Lake Simcoe on the north, Burlington on the west, and Newcastle on the east. This average price has little relevance to prices in the specific neighbourhoods and communities in the GTA, where prices for single detached homes ranged from $1.53 million in the Toronto neighbourhood between St. Clair Avenue and Bloor Street east of Bayview Avenue; to $709,000 in a rural neighbourhood east of Newmarket; to $255,000 in Oshawa.

Average home prices
Averages themselves are largely misleading. Suppose that in Year 1 five homes sold for $200,000, $220,000, $260,000, $290,000 and $500,000 (average $294,000), but in Year 2 only the first four homes sold (average $242,000). Statistically, this would mean that the average price of homes sold in this neighbourhood in Year 2 fell by $52,000, or 18%, from Year 1, even though all houses that were actually sold fetched identical prices to the previous year. Homeowners in this neighbourhood who didn’t carefully analyze the data would think their home values had fallen dramatically over the year, when, in fact, values of typical homes in the neighbourhood were stable.

Summary
The objective of this report is to help homeowners understand the relationship between widely reported real estate statistics and the value of their homes. We recommend that homeowners carefully scrutinize home price surveys from a variety of real estate organizations and economists. For a FREE evaluation of your home and for information on recent sales in your neighbourhood, please contact me at www.seankavanagh.ca

For more information on buying or selling real estate in Burlington, Hamilton or Oakville, Ontario, or if you have questions about current market trends, mortgages or interest rate information, please visit the Sean Kavanagh Real Estate Resource Centre at www.seansells.ca. I’d be happy to answer any questions to accommodate all of your real estate needs. Follow me on TWITTER! You can also contact me at 905-220-9198 or at www.realestatechat.ca as I am now a moderator on the Ontario Real Estate chat forum as well as the Burlington, Ontario sub-forum.

I look forward to hearing from you!

Sean Kavanagh

Building Lasting Relationships and Exceeding Expectations

Category : Burlington / Market Updates

Home Buyers Now Going Online First

Thu, 18th June, 2009 - Posted by Sean Kavanagh - (0) Comment

Home buyers are now twice as likely to use online sources than print sources to find information about open houses they are interested in.

A study found that 62% of home buyers use or plan to use online sites to find open houses, compared with 53% who use/plan to use information from real estate agents, 36% who use/plan to use neighborhood signs and less than one-third (31%), who use/plan to use print sources, including newspapers and local flyers.

The study also found that though many home buyers rely upon a range of different sources to gather information about open houses, 41% say online sources are their primary resource, while 14% cite print sources, the survey found.

“The real estate section of the weekend newspaper is no longer the go-to resource for open houses,” said Sami Inkinen, co-founder and COO of Trulia. “Home buyers are increasingly going online to not only search for the most up to date listings but also to obtain rich information about the neighborhood, schools, and local shops.”
Home buyers used to walk into open houses with the real estate section of the newspaper in their hands, but now they walk in with print outs of their search on the web.

With more than 9 in 10 home buyers (91%) attended or plan to attend open houses during their home-purchase process, it is vital that the realtor you choose to sell your home has a strong internet presence. Make sure the realtor you choose has a good command of all internet options available to create maximum exposure for your listing. Social media is the direction real estate marketing is heading, as well as where many buyers are now turning to for their real estate information. If your realtor isn’t taking advantage of Facebook, Twitter, or LinkedIn, you might want to ask yourself what kind of exposure you want for your listing. Check out the realtor’s website and see if they blog regularly to keep potential buyers coming back to their page. It is simply the difference between exposure and MAXIMUM exposure!

For more information on buying or selling real estate in Burlington, Hamilton or Oakville, Ontario, or if you have questions about current market trends, mortgages or interest rate information, please visit the Sean Kavanagh Real Estate Resource Centre at www.seansells.ca, or at www.seankavanagh.ca I’d be happy to answer any questions to accommodate all of your real estate needs. Follow me on TWITTER! You can also contact me at 905-220-9198 or at www.realestatechat.ca as I am now a moderator on the Ontario Real Estate chat forum as well as the Burlington, Ontario sub-forum.

I look forward to hearing from you!

Sean Kavanagh

Building Lasting Relationships and Exceeding Expectations

Category : Buyers

Resale housing market continues to recover

Fri, 5th June, 2009 - Posted by Sean Kavanagh - (0) Comment

Home sales activity increased for the third time in as many months, according to statistics released by The Canadian Real Estate Association (CREA). The national average price also rose again, to within short reach of the record levels set a year ago.

Sales activity climbed 11.2 per cent in April 2009 compared to the previous month. This is the largest month-to-month increase in activity in more than five years. Sales activity also reached its highest level in seven months, with 34,838 units trading hands nationally via the MLS.

Price adjustments, access to money and a surge in consumer confidence have all contributed to this current market correction. Prices of homes have made purchasing more affordable for more Canadians. As the prices of homes are determined by what buyers are willing to pay, realtors have had to adjust their pricing strategies to reflect the views in their local markets. The banks are now qualifying more potential buyers and with interest rates dropping with the housing prices, more people are feeling that now is the time to jump on the property ladder.

We are also now witnessing a balancing of supply and demand. The stabilization of the housing market can be attributed to the increase in sales activity and the decline in new listings coming on the market.

If current market trends persist, this spring could witness pre-recession sales activity. The CREA Chief Economist Gregory Klump was quoted as saying “In the recessions of the early 1980s and 1990s, sales activity bottomed out before the job market or even the economy did. Improved affordability may result in Canadian existing home sales leading the economic recovery this year.” Century21 Miller Real Estate, is also noticing a shift in market activity. Last month alone, the number of closed transactions exceeded the totals of this time last year.

For more information on buying or selling real estate in Burlington, Hamilton or Oakville, Ontario, or if you have questions about current market trends, mortgages or interest rate information, please visit the Sean Kavanagh Real Estate Resource Centre at www.seansells.ca.  You can also contact me at 905-220-9198 or at www.realestatechat.ca as I am now a moderator on the Ontario Real Estate chat forum as well as the Burlington, Ontario sub-forum.

I look forward to hearing from you!

Sean Kavanagh

Building Lasting Relationships and Exceeding Expectations

Category : Market Updates

A Checklist: Buyers Beware!

Thu, 4th June, 2009 - Posted by Sean Kavanagh - (0) Comment

One of the biggest mistakes a first time buyer, or any buyer for that matter, can make when purchasing a home, is to get too emotionally involved in the home before proper research has been conducted on the property and surrounding area. Here is a checklist of items to be considered before you put pen to paper on an agreement of purchase and sale.

1) Houses older than 40 years may have aluminum, or even worse, knob and tube, wiring. Insurance companies may not insure homes that contain certain types of wiring. If you really love the house, be sure to have an electrician come in to determine the amount of aluminum or knob and tube wiring. Often aluminum wiring issues can be remdied for minimal expense.

2) Musty smells in the basement could be a sign of leaks, mould or even a former grow op!

3) Look for reasonably priced homes in up and coming areas. The value will sure to increase!

4) It is always wise to look at homes where you can add value to the property. Small improvements can greatly increase the value of your home.

5) Look at your potential neighbours to see how they keep their homes. People that have pride in their home, have pride in their neighbourhood….and that’s where you want to be living!

6) Look at the furnace, roof, air conditioner and appliances (if included). If these need to be replaced, you could be looking at a lot of extra expense you may not be able to afford.

7) How close are you to schools? Do the kids have to take a bus to school or can they walk home for lunch? It is wise to call the local school board, give them the address of the home you want to buy and then have them tell you where your children will be going to school.

8) How accessible is public transportation? It is a nice feature to be close to transport and it will help with the resale value.

9) What are the traffic patterns around the house? Will you be close to a busy street? Will you here traffic while you lay in bed?

10) What are the demographics of your area? Have your realtor look into who your neighbours will be.

For more information on buying or selling real estate in Burlington, Hamilton or Oakville, Ontario, or if you have questions about current market trends, mortgages or interest rate information, please visit the Sean Kavanagh Real Estate Resource Centre at www.seansells.ca, or at www.seankavanagh.ca I’d be happy to answer any questions to accommodate all of your real estate needs. You can also contact me at 905-220-9198 or at www.realestatechat.ca as I am now a moderator on the Ontario Real Estate chat forum as well as the Burlington, Ontario sub-forum.

I look forward to hearing from you!

Sean Kavanagh

Category : Buyers

7 things you need to know before hiring your contractor

Wed, 3rd June, 2009 - Posted by Sean Kavanagh - (0) Comment

Thinking of doing a home renovation? Here are seven things you need to know before hiring your contractor:

1. Get at least three references for the contractor you think you want to hire and thoroughly check all of them.
2. Ask for photos of previous jobs to ensure the workmanship. If you are asking for a specific job to be done, ask for photos of similar jobs so you know what you can expect.
3. Ask him about the last project he worked on and request a visit to speak with the homeowners.
4. Ensure that you have a signed contract outlining every job the contractor will do, how long it will take and how much it will cost. Contractors may not wish to commit to projects in writing, but you must insist on this. Itemized costs are also important so you know how the total amount is determined and can also set aside a small amount for contingencies.
5. Work out a payment plan that you both agree to.
6. Keep track of the job as it progresses, making him aware of any jobs not done to your satisfaction or any damage he may have caused (scratched floors, stained bricks, etc). Discuss these issues before final payment.
7. Contact online resources. Homestars.ca is a website where homeowners across Canada give unbiased reviews of their contractors – invaluable!

For more information on buying or selling real estate in Burlington, Hamilton or Oakville, Ontario, or if you have questions about current market trends, mortgages or interest rate information, please visit the Sean Kavanagh Real Estate Resource Centre at www.seansells.ca, or at www.seankavanagh.ca I’d be happy to answer any questions to accommodate all of your real estate needs. You can also contact me at 905-220-9198 or at www.realestatechat.ca as I am now a moderator on the Ontario Real Estate chat forum as well as the Burlington, Ontario sub-forum.

I look forward to hearing from you!

Sean Kavanagh

Category : Home Improvements

Think about selling it before you even buy it!

Tue, 2nd June, 2009 - Posted by Sean Kavanagh - (0) Comment

When you decide to make one of the largest investments of your life, be sure to first consider the resale value when you are deciding to buy the home. I know many people have a hard time considering selling the home they just got excited about buying, but at some point, you will sell it! Here are a few things to consider when you purchase a home so you won’t run into any problems once you decide to sell.

1) Neighbourhood – This is the most important factor when deciding to buy a home. Up and coming areas, areas with beautiful natural features (trees, ravines, and lakes) and areas that have a low turnover rate (suggesting that once people get in, they don’t want to leave) all make the neighbourhood desireable to potential buyers.
2) Street – Homes that are on main streets or busy streets will reduce the appeal to potential buyers. Look for homes on streets that have minimal traffic e.g. Cul-de-sacs or ‘dead ends’. If you have children, this becomes a safety issue and when you are backing your car out of the driveway, you don’t want to be doing it onto a main road.
3) Proximity to Schools – Being close to schools will increase the amount of potential buyers. Sometimes the decision to buy one home over the next is that the kids could walk to school from one home, but have to take the bus from the other.
4) Home Condition – Homes that are updated will often sell quicker than those homes that are not. Improving the look and value of your kitchen and bathroom will fetch you a greater return on your investment. Small improvements will also allow you to keep your sale price closer to your list price.  NOTE: whatever you, do not over spend on improvements.  You will have a hard time getting that money back.  Small inexpensive improvements can add significant perceived value to a home.
5) Home Layout – Homes that have three bedrooms will always be more desirable those which have two bedrooms or those with two bedrooms on the main floor and one in the basement.
6) Don’t be the best on the street – The nicest and biggest house on the street is nice to look at, but is often not the easiest to sell. Houses that carry a lower price tag will often be viewed as a better deal and therefore attract more potential buyers.

For more information on buying or selling real estate in Burlington, Hamilton or Oakville, Ontario, or if you have questions about current market trends, mortgages or interest rate information, please visit the Sean Kavanagh Real Estate Resource Centre at www.seansells.ca, or at www.seankavanagh.ca or call me at 905-220-9198 and I’d be glad to answer any questions to accommodate all of your real estate needs. You can also contact me at www.realestatechat.ca as I am now a moderator on the Ontario Real Estate chat forum as well as the Burlington, Ontario sub-forum.

I look forward to hearing from you!

Sean Kavanagh

Category : Buyers
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