Wit Ventures: investment property

Friday, 8 June 2018

Online Real Estate Giant Zillow to Enter Canadian Market.

U.S. online real estate giant Zillow has announced it will post Canadian homes on its site through a direct listing feed from Century 21 Canada.

That means Canadian real estate listings will be exposed to millions of consumers who visit
Zillow every month, the company said in a Wednesday release.

The Seattle-based company announced last year that it planned to feature Canadian property listings early this year. The most recent news release says that it now expects to post Canadian listings, including those from Century 21 Canada, later this year.

“We know U.S. buyers are interested in purchasing Canadian real estate so we’re excited to offer the millions of buyers already coming to Zillow for their home search an easy way to see homes for sale in Canada and connect with an agent to help navigate the sale,” said Errol Samuelson, Zillow’s Vancouver-based industry development officer, in the release.

The agreement is the same as the relationship Zillow has with Century 21 in the U.S., said the Century 21 Canada chief technology officer Jack Miller.

Link to the rest here.

Image. Google Maps.

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Wednesday, 19 July 2017

Six Renos That Add Nothing to Resale Value.

From the Globe and Mail.

Every homeowner must pay for routine home maintenance, such as replacing worn-out plumbing components or staining the deck, but some choose to make improvements with the intention of increasing the home's value. Certain projects, such as adding a well thought-out family room - or other functional space - can be a wise investment, as they do add to the value of the home. Other projects, however, allow little opportunity to recover the costs when it's time to sell.

Even though the current homeowner may greatly appreciate the improvement, a buyer could be unimpressed and unwilling to factor the upgrade into the purchase price. Homeowners, therefore, need to be careful with how they choose to spend their money if they are expecting the investment to pay off. Here are six things you think add value to your home, but really don't.

Link to the rest here.

Thank you for reading.

Shirley D. Neal

Shirley has over 30 years of experience in such diverse businesses as financial planning, manufacturing, and supply. Her education includes a B.A., B.ED., M.ED., C.F.P., N.L.P. and the home inspector’s course as well as having her AZ license for five years. Her family home has given her and her husband the opportunity to do extensive renovation and repairs thereby increasing the value about $100,000 in ten years. She has been able to see firsthand how much a sensible and cost efficient renovations can add to the value of a home. Shirley has chosen joint ventures because she thinks that her experiences an help others achieve their goals and maximize the profits for both parties. In 1979, Shirley became involved in a small group of women who started a metal manufacturing company making small deep drawn metal parts for the automobile companies in Windsor. They took the company from start up to over $400,000 in sales in five years. That was a lot of parts since the parts sold for only five cents per each. In 1985 they sold the company to one of their customers. Whether it was selling mutual funds, teaching foster parents how to recruit foster parents, or working for Tony Robbins, Shirley has put more than 100 percent into every endeavour she was involved in.