WADE HAMBLIN, Sales Representative | TEL. (705) 743-9111

9 March 2011

  

I want to give you an annual update on what your home is worth, for you to be one of the few who are informed.  You know the genuine value of “home and hearth” but do you know the dollar value of your house – or how much of that value belongs to you?  A number of key decisions can be more wisely made with this knowledge.

 

  • Is your home adequately insured?

If a disaster were to strike, would your insurance cover the losses?  In Canada, a country that has experienced real estate escalation and several wild fires in years past, many devastated homeowners learned the hard way that their homes were underinsured.

 

  • Is your estate plan based on a realistic estimate of your home’s worth?

Assuming you have provided a means for your assets to be distributed upon your death, will your plan minimize the tax burden your heirs may face?  Underestimating home equity could force loved ones to sell the family homestead to cover inheritance taxes.

 

  • Do you know how to measure the value of your home?

A Comparative Market Analysis (CMA) is the only tool that provides the current pricing of homes in your area.  With a recent CMA and knowledge of your home’s condition relative to others that have tested the market, you can know an accurate dollar amount for your home.

 

Market changes in 2010 versus 2009 in the Peterborough area:

  • The average selling price went from $233,000 to $248,000 an increase of 6%
  • The number of properties sold also went up 6% from 2666 to 2816  
  • The average number days a home was marketed for decreased from 81 days to 72 days

 

 

Best Regards,

 Wade Hamblin,   Sales Representative

 

 ….if you know of someone who would appreciate the level of service I provide, please call me with their name and number, I’ll be happy to follow up and take great care of them.  The greatest compliment I could receive is your trusted referral!  J

RE/MAX Eastern Realty Inc., Brokerage - Peterborough RE/MAX Eastern Realty Inc., Brokerage - Peterborough