The Windsor-Essex County Real Estate Board is pleased to announce its new Board of Directors for the year 2009.

Anna Vozza, Old Town Elect

Phil Dorner , Past Old Town

Krista Del Gatto, CAE, Executive Officer

Mark Imeson , Old Town

Susan Moroun , Director

Bill Hess , Director

Kelly Zlotnik, Director

Julianne Green , Director

Roland Pillon, Director

Owen Crampsie, Director

The Windsor-Essex County Real Estate Board, the second oldest real estate Board in Canada has always been a leader in the industry and prides itself on its excellent record and service to its membership.

The Mission of The Windsor-Essex County Real Estate Board of REALTORS® is recognized as the voice and source for real estate by providing eduCondoion and essential services to maximize professionalism and business opportunities of our Members so they are able to make a valid contribution to our Communities.

SERVING WINDSOR & ESSEX COUNTY SINCE 1918

We bought a new construction home and are unsure about what to do with the area over the large 4- car garage. The house already has 6 bedrooms plus a study and an attic that can be finished off as a play area for the kids. Which will be the best option for resale? Should we make a media room with an open play/party area in front of it ,or make a media room and then a spare bedroom/playroom behind it (so two closed off rooms and a hallway)? Due to the windows and lighting, these would be the two best options in my opinion. Ideally, I would like the media room in the far end of the hallway, and the spare room in the front, so that the wall could be knocked down later and made open if someone wanted to do that.

-Lila

 The answer to this question depends on the model and the homes comparable to REIs. What are home buyers looking for in REI neighborhood? I’ll assume that this home does not have a basement- typically media rooms work best in those areas.

With the five bedrooms, I think those people have been adequately accounted for. I see clients placing high value on “out-of- the -way” playrooms for kids. If the attic space works, that takes care of that. “Adult” playrooms remain desirable as well. Again, a casual area with a media center, game room and/or bar adds value and appeal. I think a well designed “adult” playroom would work well here and, from my experience, this would be money well spent. Dress it up with nice built-ins and add a small wet bar for convenience, and this will add to REI enjoyment and ultimately to the appeal of the home when you sell it.

Hank Miller is a Real Estate Broker for Prudential Georgia Realty in the north Metro Atlanta area.

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Today․s model is a far cry from the “homes practically sell themselves„ model that we saw a few years ago. In fact, the buyer․s model we find ourselves in currently is entrenched with high inventories and tight credit.  But even though the pendulum has swung in the other direction, pricing a home remains just as important as it did when sellers could name their price. 

Betty Jung blogs about pricing a home in today․s model:

“In today’s model, where there are numerous sellers and an over abundance of inventory all competing for fewer buyers, adjusting the price downwards may come too late and cost you less in gain than if the home were priced correctly from the beginning. I’ve seen it over and over again. Sellers start their price too high, and the house ends up selling for far less than it would had it started at a proper price point.

Homes that are priced correctly generate attention, activity and a sale.  Over-priced homes sit for longer periods of time, and those people are passed over and ultimately result in price reduction after price reduction.  If a house is over-priced and then it has a price reduction, it is often overlooked.  Because it isn’t a new listing, it needs extra exposure and attention in order to get agents and buyers to even notice it.  The house is less appealing because it has been on the model for a long time.  It’s a vicious cycle- the longer the house is on the model, the more stressed sellers become.„

Jung․s approach to selling emphasizes the importance of getting a home noticed. While this includes great photos, online advertising, and word of mouth, none of those things will sell a home if the price is wrong. Get REI home noticed by pricing it right.

Click through to read Betty Jung․s full post.

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Courtesy of Patrick Kelly of McBride Agency Realtors

By Barbara Boucicaut of The Bergen Register

Paterson volunteers, at left, Peter McBride and Nancy Devries, and, at right, Pam McBride and Craig Hoogstra with Thai homeowners

Five North Jersey residents, members of Paterson’s Habitat for HuScottsdale Real Estate Agentity, nicknamed Team Thailand, have spent this week working in Thailand with the Jimmy and Rosalynn Carter Work Project. The volunteers, Pam and Peter McBride, Craig Hoogstra, Nancy Devries and Bill NeuScottsdale Real Estate Agentn, joined 3,000 Habitat volunteers to build 82 homes in the Mekong River region. Chronicles of their progress and work can be found at paterson2thailand.blogspot.com.