Kailey Heintz - Regina Real Estate, 2241 Albert Street, Regina, SK (2026)

02/05/2023

I’ve been seeing alot of pocket offices incorporated into floor plans lately. While I love that idea, we opted to add a desk to our basement fireplace wall, which I thought was a more functional alternative to the usual cabinets flanking the fireplace.

What do you think of the idea? 🤍

01/21/2023

Style your home slowly and thoughtfully, not impulsively. Rushing to furnish and decorate leads to discontentment with choices and forever replacing placeholders.

Fill your home with meaningful pieces that you truly love and that enhance your life. Treat every new addition with reverence.

11/05/2021

Client Win!

I recently helped a buyer who was a long term renter. He really liked the place he was renting, it suited his family’s needs well. So he purchased the exact same layout and style of property that he was renting.
This buyer was able to qualify for a borrowed down payment and we included some repairs that were needed into the mortgage as a purchase plus. All that considered he is still paying less each month on his mortgage than he was on rent.
He was already paying a mortgage each month, now he’s just paying his own mortgage, not his landlords! The future looks pretty bright for this buyer and his family.
If your are stuck in the rental cycle, let’s get a plan in place. The right team of professionals can get you into a much more promising place.

10/08/2020

It’s been a minute since my last market update, so here is a recap on how the real estate market has preformed so far this year.

Sales in Regina were up 33.5%, going from 254 in September 2019 to 339 in September 2020. Year-to-Date (YTD) sales in Regina rose 9.2% over last year, increasing from 2,105 to 2,299.

The Saskatchewan real estate market continues to be quite strong, outperforming the market last year. Across the province, year-over-year sales were up almost 52% from last September (and up over 18.5% year-to-date), and the median sale price was up over 2% (up 0.4% year-to-date).

Homes in Regina stayed on the market an average of 52 days in September—down 17.5% from 63 days last year.

Despite a smaller number of new and active listings year-to-date, other numbers are generally better compared with last year. The fact that sales and prices are up while inventories are down suggests the market has more than recovered and is doing better than last year.

Phew! If you’re still with me, it’s nice to see our market is performing well. Have a question? DM me, I’d be happy to break down what these market changes mean for you.

04/08/2020

Grab a coffee and check out some sales stats for the Regina real estate market.

Looks like the Regina market faired pretty well in March. New listing numbers are down, but that is to be expected with the current COVID-19 situation. We will most likely see a catch up period with some sellers holding off for now and will likely plan to hit the market when life returns to normal...

Sales in Regina were up 1.9% in March 2020 over March 2019. Sales were approximately 2.0% below the 5-year average and just over 9.0% below the 10-year average. Year-to-Date (YTD) sales in Regina fell 8.6% over last year, decreasing from 525 to 480.

Sales volume was up 5.3% in the city, going from $62.4M to $65.7M in 2020 (3.4% below the 5-year average). YTD sales volume in the city was $141.5M, a decrease of 9.3% from last year.

The number of new listings in Regina fell a significant 19.5% from March of last year, going from 534 to 430. Active listings also fell 4.6%.

The sales to listing ratio was 49.8% in Regina suggesting somewhat balanced market conditions in the area.
Homes in Regina stayed on the market an average of 68 days in March—down 6.8% from 73 days last year (but still above the 5-year average of 58 days).

Average home prices in Regina went from $297,134 to $307,140 (an increase of 3.4%) and were approximately 1.0% above the 5- and 10-year average price. The MLS® Home Price Index (HPI)—a more accurate measure of house price trends—is up 1.8% from $266,500 to $271,300.

04/02/2020

To sell or not to sell. Is now really a good time to list? ⠀
A lot of people wait for the spring market to list their homes. But with a pandemic on our hands (literally 🤭) some sellers are re-thinking that timing.⠀
I’ve put together some things to consider if you need to get your property on the market.⠀
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The good news is that all active buyers are serious. They are coming to play! This has knocked out those tire kicking, looky loo’s. In fact REALTORS are not to be taking out any buyers that would not seriously consider buying the home. ⠀
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Keeping everyone safe and comfortable involved in a trade is top priority. We have safe guards in place to ensure we are protecting both buyer and seller from transmission;⠀
Both buyer and seller are to complete COVID-19 waivers disclosing any travel, contact or symptoms. ⠀
Sellers will prep the property, turning on all lights and opening interior doors to eliminate the need to touch anything. ⠀
No kids allowed at viewings.
Excessive use of hand sanitizer and Lysol wipes. ⠀
Paperwork can be signed electronically.
Virtual meeting options with our partnering lenders, inspectors and lawyers.
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I use professional photos and virtual tours for all of my listings. This is so important to get properties noticed and help buyers decide if the home will truly work for them. Potential buyers are at home and online right now so they will take notice of the current listings that stand out and show well. ⠀
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Inventory is down from last year. Currently Regina has 845 active single family homes and 353 active condos.
31 reported conditional sales, so buyers are still moving. ⠀
Last year we had around 1600 active listings this time of year. ⠀

There are lots of other factors to consider as well. I’m happy to chat and help weigh the pros and cons in your specific case. ⠀⠀⠀⠀⠀

03/11/2020

REALTORS® are self employed, commission based sales people. My business thrives off of referrals from clients and friends and I would be honoured to receive a referral from you. Yes YOU! So if you ever hear of anyone in the market to buy or sell, please keep me in mind and pass my name on to them. I promise to take exceptional care of anyone you send my way. 😊

03/05/2020

When listing your home it’s good to think of this perspective with pricing it; I will either be putting myself in a position to sell or helping my competition sell. Over pricing your home in our current market will not get you a higher sale price. In fact it does the opposite. You will help the neighbours sell and then in turn they’ve set the next comparable price, which will affect your sale price and could set you further back. Don’t give someone else that power! Use your competition to your advantage and learn from them and don’t make the same mistakes they have. ⁣
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Testing the waters at a higher price then the true value will also increase overall days on market and give you a lesser hand to negotiate with when an offer does come in. ⁣
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When I list a property I do a full analysis of what the competition has been up to, assess the recent comparable sales as well as look at properties that didn’t end up selling, either cancelling or expiring. I will continue to monitor these comparables until the listing has sold ensuring my clients have the best possible advantage. ⁣⁣⁣⁣⁣
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03/02/2020

Further to my earlier topic of competing offers. They are fantastic when you are the seller, but not so fun when you are the buyer. You finally find your perfect home and now someone else has made an offer and you could lose it! 🤬⁣
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Should you ever find yourself in a multiple offer situation keep in mind;⁣
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Put your best offer forward. All parties go in blind and will not know what the other offers are. No sense finding out the price of the chosen offer and then saying, well I would have paid that. You don’t have much negotiating power in this position, but offer what you feel it’s worth to you. That doesn’t necessarily mean full price or over list price either. Depending on market conditions and how the property is priced to begin with, with it may still sell under list price, even in a competitive offer situation. I will help you assess this value, and make sure you make an informed decision not an emotional decision and over pay. ⁣
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If your offer doesn’t get accepted, you can go on as a backup offer. If the other deal falls through, then you are next up and the listing won’t go back to market. ⁣
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And if the other deal closes just remember.... There will always be another house, everything works out for a reason and you are likely just a few weeks away from another great option hitting the market that you will love even more than that house that got away. ⁣⁣⁣⁣⁣
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02/24/2020

The ultimate goal for every listing is to get competing or multiple offers. When a seller receives multiple offers, each buyer will submit their best offer and the seller can choose which offer to proceed with, either accepting or countering after they have reviewed all submitted offers. You can rest easy knowing that you got the highest possible price and best terms because typically buyers will submit a better offer when they are in a competitive situation vs when they are not. After all they want their offer to be chosen. ⁣⁣
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So how can you increase your chances of obtaining competing offers when you list your home? ⁣⁣
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Price your home right. If your home is well priced, buyers are motivated to make a quick decision because they don’t want the house to sell to someone else and lose out. An over priced home typically sits on the market for longer because buyers are not worried about it going anywhere and have no incentive to act now. ⁣⁣
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Pay attention to the competition. If no one around you is selling at a certain price point, you’ll have to adjust to a point where you are the best option available, again giving buyers incentive to act now. Fear of loss is the best motivator. ⁣⁣
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Ensure your home is showing it’s best. Declutter and set the stage for buyers so they can easily envision themselves in the home. ⁣⁣
Take care of all repairs, painting and projects to eliminate buyer objectives. ⁣⁣
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You can also time your listing to hit the market when there are not a lot of competitive listings. This can be tricky when we are seeing heavier inventory but I can certainly help guide you with this one and review sales data and trends. ⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣

02/19/2020

Good news for house hunters today! The Minister of Finance has announced changes to the interest rate used to qualify home buyers for their maximum mortgage approval amount. ⁣
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Currently you would have to qualify with an interest rate of 5.19%. Although interest rates are in fact much lower, this tactic is known as the “Stress Test” to insure home owner can afford their homes in the event rates increase when their initial term is up. ⁣
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A change will be implemented this April reducing the qualifying rate from 5.19% to 2% over the weekly median 5 year fixed insured rate. So if the benchmark is 2.69% they would qualify your approval amount using a rate of 4.69%. Now this benchmark rate could fluctuate as interest rates do, so keeping in close communication with your lender throughout the buying process will be important. ⁣
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This is a step in the right direction to help ease the negative impact the initial “Stress Test” had on our market. The Industry has been pushing hard to make this change happen, so let’s celebrate this win for home buyers. 🎉⁣
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Feel free to reach out if you’d like more information, I’m happy to help.

02/03/2020

If you find yourself scrolling thru MLS and coming up short on options, chat with your lender about a mortgage with purchase plus improvements. ⁣
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If you love the location and layout of a house but hate the kitchen.... You could get your dream kitchen with this option!!⁣
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In a nut shell, you can roll some renovations into your mortgage. All you need is a quote for the improvement and as long as you still qualify for the purchase price amount plus the quoted amount, you can add the renovation to your mortgage.⁣⁣⁣⁣⁣⁣⁣⁣⁣
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Kailey Heintz - Regina Real Estate

02/05/2023

01/21/2023

11/05/2021

10/08/2020

04/08/2020

04/02/2020

03/11/2020

03/05/2020

03/02/2020

02/24/2020

02/19/2020

02/03/2020

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