Saturday, October 29, 2011

Is There a Best Day to List a Home?

I saw a report that suggests that the day of the week you list your hame can have an impact on how well your home sells. 

This is what the (U.S.) report revealed based on over a million listings over almost two years.

The results: 
Homes listed on Sunday get marginally more online views.
Homes listed on Friday are toured 19% more.
Homes listed on Friday or Thursday sell for slightly closer to original list price.
Homes listed on Friday are 12% more likely to sell in 90 days.

Friday appears to be an ideal day which is based on the idea that since Saturday and Sunday have 2.5 times as many tours per day than Monday to Friday, homes listed on Fridays are the freshest in buyers' minds.

There are comments from real estate agents that indicate Thursday is a better day since some agents might line up their weekend showings early Friday and could miss a late day Friday listing, but a professional sales representative should always be checking for new listings for their buyers. 

One downfall to this wait until Friday idea is the fact that the sooner a home is listed the sooner it can be advertised to potential buyers and if you wait a couple days to list, a seller could have their potential buyer putting in an offer on another home that is already on the market. 

Although this is an interesting study that probably has more bearing on the amount of early traffic through a newly listed home, the fact remains that a home properly priced, maintained, showcased and located in an ideal neighbourhood will sell faster and closer to a reasonable listing price no matter what day of the week it's listed. 

My thought is that you can't do much about location if you are the seller, but you are in control of price, maintenance and showcasing your home.  Concentrate on these three key areas when listing, then take this study into consideration to fine tune your potential for a sale.
(Study Source Redfin)

Thursday, October 6, 2011

Options For Homes

After many years of planning, Options For Homes is coming to Orillia.  Options For Homes has helped thousand of Canadians become home owners and you're invited to learn how they might be able to help you too.

Options for Homes is a non-profit company that strives to bring home ownership within the reach of families with incomes as low as $40,000.  How is it done? 

House prices are kept low by employing simple, no-frills designs and avoiding excessive marketing campaigns. Volunteers do the initial planning and the entire project involves a not for profit mentality to keep the cost of the home low.  

Buyers unable to secure sufficent conventional financing can access a second mortgage through a sister organization, the non-profit Home Ownership Alternatives.  The morgage can be used to finance the difference between the building cost and the appraised value of the home.  What's very helpful in this second mortgage concept is that owners do not pay the principle or interest on the second mortgage while living in the home, instead repaying the amount owing when the house is sold.  This enables families to finally have an option to get into home ownership through a working plan they can afford.

If you are interested in becoming a home owner, Options For Homes would like the opportunity to tell you about the homes they are hoping to build in Orillia. These homes will be designed by James Fryett Architect Inc. and are currently planned for a 2.3 acre property in west Orillia, between Bass Lake Sideroad and Highway 12.  This location is close to shopping and is on a bus route.

The meeting planned is to get your input in the project.  Basically, what would you like to see in your future home? Share your ideas and learn about the opportunities for home ownership.

Thursday, October 13th, 2011
7:00 – 8:30 pm
St. Paul’s United Church, Room 333
62 Peter Street North, Orillia

*Child Care Available
*Refreshments Provided

Please come and join the conversation!

Please contact Johanna at if you are interested in participating in this focus group. Please let us know if you require any specific arrangements or accommodations to ensure full access to this event.

If you would like to learn more about Options for Homes, please visit