It’s officially Autumn and the leaves are falling and the temperatures are dropping. You’re probably wondering what this change in season means for the Real Estate Market in Saskatoon? Is it still a good time to buy or sell your home?

We’re going to share what we think you need to know about the market going into the fall and winter season of 2020.

First, we will quickly review the stats that just came out for the month of September. As we predicted, they continue to trend upwards.

There were 430 sales last month, which is a high number for this time of year. That’s actually 40.7% more sales compared to September of 2019, and 12.2% more sales for the year compared to this time last year. Although you should note, that it’s still less sales than August, where we saw 461 sales. This shows that even though we are seeing a slight decrease in sales due to the fall season, which is typical, we are seeing a much stronger fall market than we did in 2019.

This is also...

Why it is important to get preapproved? Is preapproval the same as a ratehold?

Preapproval and ratehold are used interchangeably quite often but they can mean two very different things. It is dependent on how your mortgage broker manages them.
A true preapproval is complete when your income and down payment documents have been reviewed and your credit reviewed.

A ratehold is completed when the application is submitted to the lender. Sometimes, with rateholds, the income and down payment documents have not been reviewed.

Preapprovals with income and down payment documentation, have a much better chance of turning into an approval with the lender. It takes out the majority of the surprises in the deal. Part of our responsibilities as mortgage brokers is to review documents and look for any issues that might arise and to give advice on what is required in the documentation. There are even a few lenders that will actually underwrite the preapprovals which means they will review income and down...

Thinking of selling? In today’s complex market, selling your home requires knowledge of the local market, experience to know what works, and lots of creativity and enthusiasm. Here’s a look at what you can expect from Tait Real Estate when you list with us.

At Tait Real Estate, we have a 10-step real estate listing marketing plan.

1. Professional Photography
2. MLS Listing & Realty Executives Exposure
3. Open Houses
4. Social Media Paid ads
5. Website Featured Listing
6. Blog
7. Video Marketing
8. Email Marketing
9. Professional print materials
10. Kijiji Ads and point2 syndication

1) Professional Photography

If we know one thing, it's that professional photography is incredibly important! That's why we always include listing photography by a professional real estate photographer to highlight all of the wonderful features of your home. Professional photos will get your home sold faster and for a better price, every time.

2) MLS Listing & Realty Executives International

The MLS is the most comprehensive...