Prices have been soft for the past several years in Hunt Club Park and Greenboro in Ottawa's south end.  However we may be at a turning point.

The recent changes to mortgage lending practices where buyers have to qualify for higher mortgage rates even if the actual mortgage they get today is at a lower rate could help the south end market.

Since these new measures, referred to as the "stress test", could potentially force some buyers to adjust their purchases to a lower price level, these buyers may consider the south-end inventory of town homes and condos as a viable option.

We at the Vani Team have been watching the home sales activity here since 1999 and would be pleased to discuss the current market with you. 

Call us for a confidential chat!

Paul and Eric Vani
gladeviewtowns.ca
613-286-8264

Hello!
Hope you are having a great spring!  My son Eric and I are excited to help you with any real estate questions you may have!

  Here are the latest stats from the Ottawa Real Estate Board for the month of May… Sales volume up from last year, prices for freeholds up 2.6 percent and condo prices down almost 5%...  Good buying opps in condos right now.
http://www2.ottawarealestate.org/home/NewsInformation/LatestNewsRelease.aspx

  As of October of last year, new legislation pertaining to Carbon Monoxide detectors has been getting phased in.  Make sure you have working smoke and carbon monoxide detectors in your home and any units you own and are renting out!  More info here:
http://www.oafc.on.ca/carbon-monoxide

  Here is more mixed data about household debt levels in Canada…
http://business.financialpost.com/news/economy/fraser-report-downplays-debt-risk-in-canadian-marketplace

If you have ever tried to break a mortgage you know how big the penalties can be… Here’s an interesting article on what the gvt is trying to do to help…
http://www.theglobeandmail.com/globe-investor/personal-finance/mortgages/why-are-mortgage-break-penalties-so-obscure-ottawa-home-owners-need-your-help/article24149163/

If you or anyone you know is thinking of buying or selling real estate, have any questions, need trades people recommendations, or advice on work you are about to do on your house, Eric and I would love to put our over 30 years of combined experience to work for you!

Paul (Paolo) Vani, BA, MPA, (retired RCMP), Broker***Courtier
Eric Vani, BA, Sales representative

Sutton Group-Premier Realty (2008) Ltd., 102-1 Raymond St., Ottawa, ON K1A 1R2
Direct: 613-286-8264,  office: 613-567-1400    fax: 613-567-1300
Direct fax:  613-739-3921                 toll free: 1-800-561-2942
pvani@sutton.com                www.vanihomes.ca        www.bristoncondos.ca      www.gladeviewtowns.ca
www.strathmoretowers.ca        www.vani.ca

 

Paul and Eric Vani, Sutton Group-Premier Realty's Bilingual Award-Winning Sales Team

''Treating buyers and sellers like family since 1999!''

 ''à vendre...Vani...vendu!''

As of Sept. 19, 2014, there were 6 MLS® listings for towns in the complex to choose from.  Whether you are looking for the smaller approx. 1500 sq ft version, 1 car garage or the larger approx. 1700 sq ft style with 2-car garage,  these towns are great long-term buys.
Nestled in a private conclave, next to the NCC greenbelt, this is a well-kept secret paradise!  Of the properties available, some, like our 246 Gladeview listing, are in pristine condition,having been lovingly maintained by the original owners.  Want the feeling of country living without the commute?  Consider the Gladeview complex!

What is the secret to getting a property sold in a reasonable time frame  (30-60 days) and for top market dollar?

Eric and I get asked this question regularly.

Our experience over the years is that properties that are clean, in a good state of repair, well-priced and that show well sell in all kinds of markets.  Other properties that need some TLC and may not be properly priced may find it necessary to lower their asking prices, just to get attention, let alone serious interest.

We have helped many buyers find just such ''TLC'' properties in this complex over the years. 

Likewise, we have been able to protect the equity of many sellers by working closely with them as we get the property ready for the market. 

Many small things go into making the home ready for showing condition, but some sellers forget to address these matters up front or say they'll negotiate the deficiency into the price.  Both strategies tend to burn a hole in the seller's pocket, and we are usually able to demonstrate the folly of that approach.

And when you notice a new listing go up in the area, you'll also notice that another one tends to pop up soon after. Why is that?  Well, market forces tend to work in a way that no one seller dominates the market, meaning if there is going to be competition with your listing, you'll want to make sure you have the Vani Team's big guns on your side!

So if you are considering selling in the next month or so, this is a great time to give the Vani Team a call. 

We welcome your feedback!

Paul