Trusted Tips and Resources

Trusted Tips & Resources

W2 Realty Team your Trusted Regina Real Estate Experts share a trusted tip on The Best Asking Price for your Home

The W2 Realty team are Karin Wees and Jen Welykholowa, two very well respected Regina Real Estate Agents from Realty One Real Estate Services Inc. The decision to purchase your home is one of the most important decisions you will ever make, and will also be one of your largest investments. Done right, it can also be one of the most exciting and fulfilling times in your life!

When you work with Karin and Jen at W2 Realty, you are getting a team of dedicated real estate professionals working together for your best interest. The W2 Realty team are Trusted Regina Real Estate Agents.

Karin and Jen.... The Regina real estate team dedicated to you making the "right move" 

Here they share a tip on the Best Asking Price for your Home:

 

Setting a realistic price for your home that reflects current market values will help sell your home quickly and for top dollar.  When you price your home properly, you increase the chances that the offer you receive will nearly match your asking price, and that there will be competing offers—which may net you even more in the long run.   

 

 

 

Your property has the best chance of selling within its first seven weeks on the market.  And, studies indicate that the longer a property stays on the market, the less it will ultimately sell for.  A property priced 10 % more than its market value is significantly less likely to sell within this window than a property priced close to its actual market value.  About three-quarters of homes on the market today are 5-10 % overpriced.  Sellers will usually over-price their homes by this margin if, either, they firmly believe the home is worth more than what the market indicates, or if they want to leave room for negotiation.  Either way, if you choose to over-price your home by this amount, you run the risk of increasing the amount of time your home spends on the market, and decreasing the amount of money you’ll ultimately receive.

 

At the other end of the selling spectrum are houses that are priced below a fair market value.Under-pricing often occurs when the owner is interested in a quick sell.  You can bargain on these homes attracting multiple offers and ultimately selling quickly at—or above—the asking price.

 

The knowledge and skills of an experienced Realtor will be invaluable when determining an appropriate asking price.  It is the job of your Realtor to know the current market and market trends inside and out, to be closely connected to the real estate market at large, and to be aware of other properties currently for sale in your particular area.  Based on this range of connections and knowledge, your Realtor should counsel you on how to price your home properly in order to attract the highest price possible, in the shortest period of time.

 

 

 

Before approaching this process, you should first do some homework yourself.  You’ll need to know the workings of the current market before you even begin to think about setting an asking price.  The market will always influence a property’s value, regardless of the state of a home, or its desirability.  Here are the types of market conditions and how they may affect you:

 

1. Seller’s Market:

 

A Seller’s market is considered a “hot” market.  This type of market is created when demand is greater than supply—that is, when the number of Buyers exceeds the number of homes on the market.  As a result, these homes usually sell very quickly, and there are often multiple offers.  Many homes will sell above the asking price.

 

2. Buyer’s Market:

 

A Buyer’s market is a slower market.  This type of market occurs when supply is greater than demand, the number of homes exceeding the number of Buyers.  Properties are more likely to stay on the market for a longer period of time.  Fewer offers will come in, and with less frequency.  Prices may even decline during this period.  Buyers will have more selection and flexibility in terms of negotiating toward a lower price.  Even if your initial offered price is too low, Sellers will be more likely to come back with a counter-offer.

 

 

3. Balanced Market:

 

In a balanced market, supply equals demand, the number of homes on the market roughly equal to the number of Buyers. When a market is balanced there aren’t any concrete rules guiding whether a Buyer should make an offer at the higher end of his/her range, or the lower end. Prices will be stable, and homes will sell within a reasonable period of time. Buyers will have a decent number of homes to choose from, so Sellers may encounter some competition for offers on their home, or none at all.

 

Remember, a Realtor is trained to provide clients with this information about the market, helping you make the most informed decision possible.T he right Realtor will guide you through the ups and downs of the market and keep you up-to-date with the types of changes you might expect. Evaluate your house in the

 

Evaluate your house in the other main areas that affect market value:

 

1. Location:.

 

The proximity of your home to amenities, such as schools, parks, public transportation, and stores will affect its status on the market. Also, the quality of neighbourhood planning, and future plans for development and zoning will influence a home’s current market value, as well as the ways in which this value might change.

 

2. Property:

 

The age, size, layout, style, and quality of construction of your house will all affect the property’s market value, as well as the size, shape, seclusion and landscaping of the yard. 

 

 

3. Condition of the Home:

 

This includes the general condition of your home’s main systems, such as the furnace, central air, electrical system, etc., as well as the appearance and condition of the fixtures, the floor plan of the house, and its first appearances.

 

4. Comparable Properties:

 

Ask your Realtor to prepare you a general market analysis of your neighbourhood, so you can determine a range of value for yourproperty. A market analysis will provide you with a market overview and give you a glimpse at what other similar properties have been selling for in the area.

 

5. Market Conditions/ Economy:

 

The market value of your home is additionally affected by the number of homes currently on the market, the number of people looking to buy property, current mortgage rates, and the condition of the national and local economy.

 

 

So make the smart and simple choice today, you see a Trusted Regina realtor is never a risk and W2 Realty are Trusted Regina Real Estate experts! 

 

 

 

 

Fitness Warehouse your Trusted Regina Fitness equipment experts share a tip on Fitness gear and workouts

Trusted Regina team are thrilled about he latest Regina fitness expert to the Regina Directory of excellence. Fitness Warehouse is a local family business,- and they are your Trusted Regina Fitness equipment experts.

Here they share a tip on Fun and Functional Fitness Gear and Workouts:

I want to talk about Fitness and I'm going to use the word Fun and also Functional. Does that seem crazy to you? A lot of trends come and go through our lifetime whether it be diets, cloths, music and of course fitness and workouts. While the bright neon spandex workout gear might continue to cycle in and out of popularity there are two things that I hope are here to stay and I bet you can guess what I'm going to say? That's right Fun and Functional fitness gear and workouts.  

 

One of our biggest concerns right now is an aging population mixed with overwhelming increase in obesity rates and cardiovascular disease it's really a perfect storm. Somewhere along the way we started working too hard and not playing nearly enough. I use the word play because that's how we need to start viewing exercise and fitness. If we can take a more lighthearted approach and crack a smile once in a while you can actual have fun while exercising! So now you're saying well that's great I hate running but if I fake a smile maybe I will enjoy it? No, if you hate running then don't do it! Get on a bike, get on a paddle board, and visit the local gym just try activities until you find the one that makes you happy. When or if you get board of that don't worry something new always comes along. 

 

Exercise sometimes has a way of straying away from functionality. While having fun exercising it's important to also look at the functionality of what we're doing. Finding an activity that challenges our strength (especially core) and balance is a must.

If you have a job sitting all day you really need to work your core (back muscles are part of the core) and ensure that you have the strength to hold yourself upright all day with proper posture. Insert plug for slack lines these are a magnificent activity where fun and functional come together. You are constantly doing mini squats and lunges working all major muscles in the leg and gluts. You are balancing and standing with very good posture working the core and stabilizers.  

 

If you have a job on your feet and lifting all day you might need to find a more vigorous activity to challenge your strength and make those day to day tasks easier. Cross fit gyms are going up all over the place, Regina alone has 3 well established ones; Cross fit Regina the first to open and now expanding to triple the size they started with as well as Flux Cross fit and Cross fit Villains. This is a perfect mix of strength and stamina where you can learn proper lifting technique and improve your overall strength. There is a good sense of comradery and some competition as well which is where the fun and smiling come in!

In short get out there and find some fitness gear, exercise routines or hobbies that while fun are also helping to improve strength and balance. Talk to a fitness professional and maybe take in a personal training session to find out what you like and don't like. Either way get active and smile while doing it!

 

 

 

You can find Fitness Warehouse impressive  showroom on Albert Street , or you can check them out online ( and order too!)  - and we suggest you read what their happy clients had to say in their listing in the Regina Fitness Category . We are proud to GIVE THEM THE THUMBS UP! 

Trusted Regina Realtor tip on using a Realtor vs "For Sale by Owner"

 

 

Here Trusted shares some great tips on using a Realtor vs For Sale by Owner:

 

 

For Sale by Owner

Some sellers try to sell their home on their own, and this is referred to as “For Sale By Owner”, or FSBO for short. Some sellers have success with this, and others have very little.

From A Seller's Standpoint

Marketing is just one of the benefits of using a REALTOR®. Using a REALTOR® gives your property more exposure than you could ever get on your own. We utilize the internet through our own personal websites as well as MLS®, one of the most frequently hit websites in the world. Most agents also use other forms of marketing such as the REALTOR® Showcase, take advantage of the opportunity to hold open houses, and do in-house marketing with other agents.

 

The other great advantage when you are selling your home is having a professional to guide you in pricing your home. The general public knows what a home is listed for, but it is harder to know what a house actually sells for. You may be leaving money on the table by not using a professional. Sure you save in not having to pay commissions, but the hassle and the possibility of not getting the most you can for your home in the current market should balance out and make using a Real Estate Agent a no-brainer.

REALTORS® have the advantage of weekly meetings and can preview new listings during these meeting so that each agent in attendance of the meeting can preview your home. This is an advantage to get your home instant exposure and is a great way to have your home showcased to other agents in our company.

Branding is also a key component, and using a REALTOR® gets you attention.

 

 

From A Buyer's Standpoint

As a buyer, if you see a property that has a sign in the window, in the newspaper, or online that is being sold by its owner, do not hesitate to ask me about the house. I have the ability to do additional research on the house for you, as well as contact the seller on your behalf and negotiate the terms for you. We can work my commissions into the price so that I am compensated for my work with you on all houses previously shown, and it will not make much of a difference on your payments. Commissions will need to be discussed on a case by case basis.

With a market as busy as our real estate market, there are a lot of “For Sale By Owner” homes on the market. As a buyer you need to be aware of potential risks with buying privately. From a buyer/seller perspective, you as the buyer are the one taking all of the risk in the deal. By working with a REALTOR® you are protected, as all of our forms are legal and we make all sellers fill out and sign a Property Condition Disclosure Statement which gives you ALL the information they are aware of; if it doesn't, you are protected under the contract, and your lawyer has the ability to fight on your behalf. If a vendor refuses to sign this form, there may be a reasonable explanation (ie: revenue property, therefore they don’t know as much about it). We, as agents, will do research on the property, as research is essential.

So, beware of FSBO’s. As buyers and as sellers you are not professionals, so why not use our experience and resources to do the job for you? It IS the largest investment of your lives. Would you use someone other than a professional to fix your car, perform surgery, etc?  

 

 

We can help you with financing options, help you locate potential properties, provide you with objective information about the property and the area in which it is located, negotiate on your behalf with things such as price, financing, inclusion/exclusion of repairs, furnishing, fixtures, etc., and all of the final closing procedures such as communicating with the lenders, lawyers, vendors, and so on.

 

Choosing a Trusted Regina REALTOR truly is the smart and simple choice.

 

 

 

Wascana Wood Floors your Trusted Regina Floor Refinishing Experts share their first tip on Seven Questions to Ask Before Letting Any Floor Refinisher/Installer into Your Home

If you look down and realize that your floors have lost their shine and luster it is likely time to get them refinished. Refinishing is the process of transforming your old floors back into new!

Wascana Wood Floors are members of the National Wood Floors Association and they possess the knowledge, skills, and professionalism to help you make informed decisions, and to deliver a high-quality job that will last for the lifetime of your home.

Wascana Wood Floors are your TRUSTED REGINA FLOOR REFINISHING EXPERTS!

Here they share their first tip on Seven Questions to Ask Before Letting Any Floor Refinisher/Installer into Your Home:

1. What material do you use for a sealer coat?
 
Bad answer: Lacquer

Some flooring companies “splash and dash” with lacquer. Because it dries in 20 minutes, they can put down 2 coats in one day and save a trip to your house. a sealant with a 70° Fahrenheit flash point.

Lacquer dries in 20 minutes, can put down 2 coats in one day. Is the speed worth it? Lacquer can catch fire while wet – occasionally, “splash and dash” companies burn down a house.

The other problem with lacquer is that it doesn’t stick to the wood very well. In technical terms, lacquer adheres weakly. What does this mean for you? Slide a chair across the floor and you can peel it right off.

You should work with a company that uses polyurethane exclusively.

There are two kinds of polyurethane: oil-based and water-based. If your wood floor company uses oil-based, they should be applying three straight coats. Depending on humidity, it can take 8-24 hours for the first coat to dry completely. If it’s raining outside, oil-based polyurethane takes a long time to dry. Don’t let anyone fool you by laying down two coats in a day – they’re trying to save money at your expense.

Water-based polyurethane dries quicker, but requires three to four straight coats (depending on the manufacturer) to reach full strength. No matter what anyone tells you, when you’re sealing and protecting natural wood, you can’t short-cut quality.

How do you choose between oil- and water-based polyurethane? Oil-based polyurethane takes longer to dry, so the smell stays in your house longer as well. Water-based is more expensive and more labor-intensive, but you get your house back (odor-free) quickly. It’s also considerably tougher than oil-based, and can take a lot more abuse.

They also differ in appearance – oil-based is honey colored, while water-based stays lighter. If you want to stain the wood before sealing, the color difference doesn’t matter that much. 
 
The Applied Wood Answer 
 
Applied Wood Products uses oil- and water-based polyurethane exclusively. We will never short-cut on quality or risk a fire – we’ve been around since 1986, and about 80% of our business is by referral. Doing good work is just good business. 
 

 

2. Will your insurance company fax or mail me your certificate?

Bad answer: We'll fax you one ourselves.

This is a strange question – why not just ask the wood floor company to produce their own insurance certificate? Sadly, some fly-by-night companies scam homeowners by letting their policies lapse after paying for the first month. But they keep the certificate on file in their office and are happy to show you a copy. (One very good reason not to shop on price alone – when something’s the cheapest, always ask yourself why!)

Why is insurance important?

To prevent two possibilities.

One, that they get hurt on the job and end up suing you personally. Their workers must have insurance that protects them in the case of accidental injury. (As an aside, never let a worker on your property if you don’t have adequate homeowner’s insurance. One slip and you could get sued and lose your house.)

Two, that they damage (or totally destroy) your house and leave you high and dry.

The two types of insurance you want to see are workman’s comp and liability. If there is any question whatsoever about the coverage or the validity, run away and find another company! The risk is simply not worth taking.



The Applied Wood Answer:
 
Yes, our reputable insurance agent will fax or mail you a current certificate of insurance.

We’ve been around for a long time. We are only flooring company on the architectural plans for respected architects Beer and Coleman. We can afford the right insurance to protect ourselves and our clients, and we aren’t tempted to cut corners for a few extra bucks. We’re in this business for the long haul.

3. Is your price an estimate, or a firm quote?

Bad Answer: It’s firm, but of course things may come up…

Unfortunately, we hear of a fair amount of “bait and switch” in the wood floor industry. It’s not hard to understand why: installing or refinishing a wood floor is a serious investment, so homeowners are tempted to save a few bucks by going with the cheapest quote. After all, all wood floor companies can say the same things before they start working on your house, even if they can’t all deliver them.

So if the lowest bid often gets the job, some companies bid low and then insert various “weasel clauses” into the contract that allow them to charge you much more than their original “estimate.”

They know that once you’ve prepared your house for a job, it’s very inconvenient to change your mind and try to schedule another company to come in. You’re stuck with them and their “oh, by the way” extra charges.

The only way to avoid this is to sign a contract for a firm quote, not an estimate. Make sure that’s what you’re signing.

The Applied Wood Answer:

This quote is firm. Sign here, and that’s exactly what you’ll pay.

To be fair, not all “extras” represent rip-offs. Sometimes unexpected things come up – existing boards turn out to be rotten, moldings can’t be replaced, etc. But our philosophy is, that’s our problem, not yours. If we misquote because we didn’t notice or find something, we eat the difference. We stand by our quotes.

When you call us for the first time, we give you a ballpark estimate over the phone. That’s not a commitment, just a basic idea of what we think the job will cost, based on our 17 years of experience. We don’t quote you a firm price until we’ve visited your home, looked over everything, and talked with you about your exact needs.

Once we give you that quote, it’s binding as long as you sign within two weeks.


 
4. Can you give me the names and phone numbers of three local clients you’ve worked with in the last three weeks?

Bad answer: Here are the same three references we’ve been giving out for the past two years.

Let’s get real: every wood floor company is going to tell you they do great work. We sure will! But the only proof is the work itself, and we’re all only as good as our last job. You have a right to know whether your wood floor company’s most recent clients are happy with the job.

When you do call, here’s what you want to know, at minimum:


• Did the workers arrive as promised and do the work as scheduled?
• Were you happy with the job?
• Did they take care of your property?
• Did they respond immediately to your concerns?
• Was the quote accurate, or did you get surprised?
• How does it look? • Did they follow up to make sure you were thrilled?
• Did they educate you to care for the floor?

 

Don’t be shy about asking these and other questions – remember, if your wood floor company only gives out the names of recent clients, they’re only going to receive calls for a couple of weeks.

The Applied Wood Answer:

Yes! Here they are! Feel free to call them.

Of course, we ask for and receive your permission before giving out your phone number, and we don’t give it to more than a couple of prospective clients. That’s one of the nice things about doing so many jobs in Morris, Somerset, Hunterdon, and Mercer counties – we always lots of very happy, very recent clients to choose from.
 

 

5. What do you do to control and remove dust?

Bad answer: Don’t worry about it. We’re very neat.

Neatness is good – but make sure you get specific answers. Cutting and sanding wood produces a lot of dust – there’s no way around it. Some companies see this dust as your problem. They’ll do a quick and dirty vacuum, run a rag over the floor, and leave you with a giant dusting job. Try getting those tiny particles out of your upholstery!

You want your wood floor company to treat your property as if it were their own. Find out what their exact protection procedures are.

The Applied Wood Answer:

We hang plastic to protect the rest of the house.

We understand that it’s your property, and you want it to look better after we leave than before we came. Our care for your property extends beyond cleaning up our dust. We will never:

• trample your shrubs
• crush your lawns
• lean against your walls with dirty hands
• leave cigarette butts in your driveway
• leave beer cans lying around
• treat your house any differently than we would treat our own


6. What is the basis for your quote?

Bad answer: It’s just what we charge.

There are a lot of ways to make a few fast bucks at your expense. We’d like to warn you about the most common.

Stealing by Inflating the Square Footage

This applies both to refinishing and new floors. It’s relatively easy to add 5% to the square footage – who’s going to check the measurements? And some wood floor companies justify this theft by telling themselves that 5% of the wood on a job gets wasted anyway. But why should you pay extra just because they of normal wood waste?

Check the measurements. For at least a couple of key measures (like the length and width of the living room or dining room, take a tape measure and make sure your figures agree.

Stealing by Using Lower Grade Materials

All wood manufactured in the US is graded and stamped based on its quality. The standard builders’ grades are Select, No. 1 Common, and Clear.

If you’ve paid for Select and you see your wood stamped No. 1 Common or No. 2 Common, reject it before it gets installed. Someone’s selling you cheap boards and pocketing the difference.

If one quote is significantly lower than another, you have to find out if the low bid is just cutting costs, or also cutting corners.

To evaluate bids of different amounts, make sure you’re comparing apples to apples. Are both companies quoting for the same type of wood? The same type of finish? The same number of coats?

The Applied Wood Answer:

Our price is based on this particular material, this particular finish, this many coats, this exact square footage, and this much for any extra work.

With us, you’ll know exactly what you’re getting so you’ll know how to compare it to other bids. We’re seldom the cheapest bid, for a good reason. We always strive to be the best value, using high quality materials and experienced people.

One last thing about price: the quote can’t reflect the quality of workmanship. Make no mistake – creating a beautiful and long-lasting finish for a wood floor is a trade and an art. It’s much more than passing sandpaper and a brush over your floor.

To find people who care deeply about the quality of their work is always a challenge. We can tell you about our commitment to quality until we’re blue in the face, and so can all the other companies you could call. The only way to judge is to check our references, if possible to see samples of our work, and to make sure the contract you sign protects you at least as much as the company who wrote it.

7. Will you teach me how to keep my wood floor beautiful for years?

Bad answer: Just keep it clean.

Wood is the longest-lasting floor material in the world. Many old houses in Central New Jersey still have wood floors that were installed over 100 years ago. While linoleum and carpets last maybe 10 years, and wood laminate can last 20, real wood is virtually ageless. It doesn’t discolor like vinyl, or crack like ceramic tile. You just have to know how to take care of it.

Keeping your floor clean is good advice, but not specific enough. You need to know what kind of cleaners and devices will nourish or harm your wood. You’ve got to deal with spills, with pets, with high heels, and with humidity in just the right way.

You’ve got to protect your floor with the right kind of rugs and mats in the right places. And you need to be able to call the company that installed or refinished your floor to ask questions and get recommendations without worrying that they’ll just sell you an unnecessary refinishing job.

All types of wood are different, and require different types and schedules of care. You need wood floor experts, not just to give you information up front, but also to support you to keep your floors beautiful for the life of your house.

The Applied Wood Answer:

We give you detailed care instructions, and welcome your questions for as long as you have them.

We’re wood floor experts. It’s all we do. Not only do we understand the properties of common American woods like oak, maple, and cherry, but we learn about and install over 900 varieties of exotic, sustainable woods from around the world. A big part of our expertise is knowing and teaching how to best care for each of these varieties.

We have a very selfish reason for helping you keep your floor beautiful for many years. We spend very little on advertising – we prefer that our work speak for us. Your beautiful wood floor is our most effective form of advertising – the longer you keep it beautiful, the most effectively it refers your friends and neighbors to us. 
 

 

Next Steps

We hope this Consumer Guide helps you protect yourself and make a wise choice when it comes to installing or refinishing fine wood floors.

If you like what you’ve read, and you want to talk to us about your wood floor needs, we welcome your call. Before we try to sell you anything, we will find out exactly what you want and why.

We’re wood floor consultants, not salespeople. We’ll help you discover what you need, and be mindful of your taste, your use of the room, and your budget. We will never be the cheapest option, but we will never rip you off.

We look forward to your call, and for the opportunity to provide you with long-lasting wood floors that will enhance the value and beauty of your home forever.

Trusted Regina Bathroom Experts share 5 Tips to Surviving a Renovation

 

 
Here they share 5 Tips to Surviving a Renovation:
 

 

Living through a renovation can be stressful, but there are five tips you can consider that will help the process go smoothly.

1. Set a realistic budget. The most common mistake homeowners make is operating at their maximum budget allowance and not saving extra for those unexpected costs or splurge items. A realistic budget should be 80% of what you can actually afford, leaving 10% for surprises (even the best contractors can’t know what hides behind walls), and 10% for decorating once the project is completed.

 

 

2. Determine your desired timeline for completion. Keep in mind that delays often happen, regardless of how well you have planned. Materials get backordered, bad weather can delay exterior work and trades people may get sick or require extra time to make sure the job is done properly.  

 

 

3. Hire construction experts for anything you are unsure of. It is always best to hire licensed professionals because they are bonded and insured. You want to hire someone who works with a formal contract and can provide references. If the price seems too good to be true, it probably is. Select someone who you can communicate clearly about all aspects of the project. Write down a list of questions as you think of them, such as, ‘What payments do I have to make and when? Am I coordinating the trades or will they be your responsibility? Contact local associations for referrals if you do not know where to start.  

 

 

4. Be realistic about living through a renovation. Can you segregate yourself to another area and be comfortable? Do you need to move out for a little while? Keep in mind that most contractors and trades keep construction hours of 7 am to 3 or 4 pm. Will this be disruptive to you or your family members?

Also consider the levels of dust and how they affect those children, pets and those afflicted with respiratory difficulties. Moving out during a renovation is often a good idea. It also means the job site can operate more efficiently if you and your family are not in the way. 

 

 

5. The design aspects of your project. Are you creating something that will look dated in five years or can it be easily adapted to current trends as they change? This is where hiring professional interior designers , decorators and architects are a good investment. Not only can they help you define your style, they can mediate between you and the contractor and trades which will alleviate a lot of the renovation stress. These professionals typically cost approximately 5% of your renovation budget and they make sure that your visions for your renovation become a reality.

 

 

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