Real Estate Blogs
New property listed in R17, R17
Showcasing the Unique Features of your Property
magine you’re at the grocery store shopping for oranges. Two brands are available: the “Amazing Orange” and the “Super Orange.” Which would you choose to buy? Chances are, you wouldn’t decide based on their similarities. For example, since both oranges contain vitamin C, using that as a buying criteria wouldn’t help you choose between them. Instead, you would probably look for differences. What does one brand have that the other does not? Maybe one is less expensive, organically farmed, or is seedless! When people make buying decisions, they often look for differences. So, if you’re thinking of selling your property, highlighting its unique and desirable features — its differences from comparable homes — is crucial.
How do you do that? The first step is to make a list of those special features you want buyers to notice. Those might include a new and spacious deck, extra high ceilings, a finished basement, move-in readiness, and...
Know the Local Market When You Sell
Are you thinking of selling your home this year? If so, you might be paying extra attention to housing market news covered by the regional and national media. While that news can be helpful information, it can sometimes say little about what’s happening in your particular neighbourhood. In fact, it’s possible for there to be a balanced market nationally or regionally, while at the same time your street may be experiencing a hot seller’s market! That’s why it’s important to understand what’s happening in your local “micro” housing market when you’re selling your home. What do you need to know about your local real estate scene? Here are a few questions to ask yourself:
• Is our neighbourhood a seller’s, buyer’s, or balanced market right now?
• If we list our home this month, will there be any competing listings in our area? If so, how many?
• How long is the average listing in our area taking to sell? A...
4 Ways to Find the Time to Sell your Home
Are you thinking about selling your home this spring? If so, one factor that may be holding you back is time. You might be worried that you won’t find the time in your busy schedule to sell your property successfully. If so, here are four strategies that will help:
1. Understand what needs to be done Do you know what you’ll need to do to sell your home? Do you understand the steps involved? Do you have a clear idea of how long it will take to complete various tasks, like getting repairs done and doing some “staging”? The more accurately you can anticipate your tasks and how long it will take to complete them, the better you’ll be able to plan and schedule.
2. Keep a “moving” calendar It’s a known time management fact that using a calendar and blocking out time for tasks will ultimately save you time. So, use your calendar, or create a new one just for moving-related items.With an up-to-date calendar in place, you’ll always have a view...
Showing your Home on Short Notice
Unless you’re selling in a strong sellers’ market, you should take advantage of every opportunity to show your home. Say, for example, an interested buyer would like to see your property tomorrow evening. If you say no, they might see another listing in the meantime — and make an offer! So, being prepared to show your home at the drop of a hat is important. That doesn’t mean you should agree to be inconvenienced constantly. However, if you can put up with some disruptions in your plans now and then, you’ll increase your chances of selling your property.
Consider these tips: • Avoid restricting showings to a particular weekday, such as Monday evening and Saturday afternoon. What if an interested buyer isn’t available those days? • Try to keep your home clean and tidy. That way, you can accommodate a short-notice request to see your listing more easily. (Consider temporarily hiring a cleaner.) • Make a list of places you can take your family...
5 Easy Ways to Make your Home More Eco-Friendly
These days, people are more environmentally conscious. When it comes to their homes, that often starts with being more thoughtful about heating and cooling so they’re consuming less energy. With that in mind, here are some tips for making your home more eco-friendly:
1. Install a smart thermostat. Modern thermostats come with various features that help you manage heating and cooling, so you use less energy. For example, you can program a thermostat to adjust temperature during the workday and then turn on heating or cooling an hour before you get home.
2. Take advantage of non-peak times. Many utilities (electricity, water, etc.) offer price breaks at non-peak periods. For example, washing your clothes later in the evening might reduce your water bill. Ask your utility providers about available price-saving programs.
3. Buy energy-saving products. A wide range of products are available to help you lower energy consumption, from shower faucets to kitchen ranges. The next time...
Small Upgrades that Make your Home Sell Faster
If you’re thinking of selling, you’re probably planning to do a few minor improvements to make your property more appealing to buyers. That’s a smart idea. So, what are the best small improvements to make? Here are a few ideas: • Cabinet hardware. Upgrading the hardware on kitchen and bathroom cupboard doors and drawers can have a surprising impact on the look of those rooms. The best part is, this improvement is about as DIY-friendly as it gets! • Cover plates. If you have older light and electrical switches, replacing the cover plates with something more stylish can make a difference. It’s probably the simplest way to give a room a more modern look.• Countertops. Replacing kitchen or bathroom countertops isn’t cheap. However, it’s substantially less expensive than a full-on kitchen or bathroom renovation. And, new countertops make those rooms look refreshed.Kitchen sink and faucet. If your current sink is old and stained, replacing it...
How to Make Your Home Sale " Smooth Sailing"
When you plan to take a journey somewhere, you hope it will be smooth sailing all the way. That simply means the trip will be relatively trouble-free, and without stress or hassles. Well, selling your property is like a journey. So, how do you ensure that adventure will be “smooth sailing” for you? While no one can guarantee there won’t be a challenge or two to overcome on the road to selling your home, there are proven ways to help ensure everything goes well. First of all, preparation goes a long way toward having a successful sale. Start early. Make a list of what you need to do around your property to get it ready for buyers. That list will include cleaning and tidying, of course. But, you might also need to get some minor repairs done, and perhaps even a few upgrades (such as painting or a new kitchen sink.) Don’t wait until the last minute if you’ll need a contractor to do those repairs or upgrades.
Find and book a professional now. Second, take the time...
Should you worry about competing listings?
Imagine you've been waiting for the right moment to sell your home and you're finally ready to pull the trigger and list it. But, just as you're about to put up the sign, you notice that a few other FOR SALE signs have unexpectedly popped up in the neighbourhood. Oh no! Now there are competing listings. Does that mean you should put your plan to sell your property on hold? Not necessarily. Just because comparable homes are for sale in the area doesn't mean it's not a good time to make your move. In fact, even if there is a sharp increase in local listings, active buyers might still outnumber properties available. In that scenario, you'd likely get several interested buyers. And, even in the case of a buyer's market, now might still be the ideal time to sell.
Don't forget, your home might have desirable features that some buyers are eagerly looking for, giving your home the advantage over others on the market. In addition, a large part of a successful sale is in how a property is marketed...
The Role of Carrying Costs when Buying a New Home
Selling Later in the Year? Start the Process Now!
Imagine you want to take the “trip of a lifetime” this fall. Would you leave it until the summer to start planning, booking dates, and generally getting ready? Probably not. A trip like that is a big deal. You’d want to start making arrangements now, so by the time you’re ready to go to the airport, everything will be set for you and your family to have a great time. The same is true when selling your home. If you intend on listing your property in the spring or summer, now is the time to start making plans. Starting the process early in the year gives you four significant advantages:
1. Ample time to prepare your home. Starting now gives you time to declutter your property, get needed repairs done, and otherwise make your home ready to be seen by buyers.
2. Less stress. Unless you enjoy scrambling to get things done within a tight timeline, you want to give yourself as much time as possible to prepare for your home sale without the stress of a tight timeline. Starting...