Social LinkedIn Facebook Twitter

Bridle Path Real Estate
Luxury Real Estate
rss feed
Search By Category:  Home selling tips
How to Make Your Offer Stand Out From the Rest
Posted on Fri, 30 Sep 2016, 10:10:00 AM  in Home buying tips,  Home selling tips
Tags:,    

In a competitive real estate market where demand outpaces inventory, the seller gets to call the shots. Sellers have the knowledge that they can name almost any price and still receive multiple offers. This places buyers in the position of trying to get their offer to stand out from those of other bidders. The following tips will give you a leg up if you should find yourself in a bidding war.

 

Write a Letter:

Make your offer stand outLetting the seller get to know a little about you and your family can increase your chances of having your offer accepted. Even though they are moving, most sellers still love the home and want to know that it will be well-cared for by the next family. Writing a personal letter letting the seller know why you love the home and feel that it is perfect for your family may put your offer on top.

 

Be Flexible Regarding Inspections:

In a multi-offer situation, it may help to shorten your inspection time. This will show that you are motivated and willing to work with the seller for an expedited closing. You can also agree to an “as is” inspection. This allows you to find out about the condition of the property, and the seller will not be forced to pay for a long list of costly repairs. You then have the choice of accepting the house and paying for the repairs or walking away.

 

Be Willing to Adjust the Closing Date:

Closing dates are typically agreed upon by both the buyer and the seller. You may gain favor with the seller if you agree to adjust the timetable to meet their needs for either an expedited or delayed closing. Of course, you need to be able to handle the financial implications of such an arrangement, including the possibility of having to pay two mortgages if you end up closing before your current home sells.

 

Make Your Offer Non-contingent:

The majority of home offers are contingent on appraisal and financing, which allows the buyer to receive a refund of their deposit if their financing falls through or the appraisal is below the purchase price. By waiving these conditions, you put yourself on an equal footing with cash offers. If you choose this approach, you should make sure that you have already been completely approved for the mortgage and have enough funds on hand to make up the difference if the appraisal should fall short of the purchase price.

 

Add an Escalation Clause:

Many buyers expect an opportunity to counteroffer and tend to save their best and final offer until the end. In a multi-offer situation, the seller may accept the highest offer and reject the others without any attempt at negotiation. An escalation clause automatically increases your offer by a specified amount over a competing offer up to a pre-determined amount. This lets the seller know that you are willing to pay more but not more than is necessary to win the contract.

 

Get Pre-approved:

A preapproval lender from a mortgage lender shows that you have already submitted the necessary documentation to qualify for the loan. This helps alleviate any fears on the part of the seller that the offer may fall through at the last minute because of a lack of financing.

Finally, trust your realtor. They can give you valuable insight into the market value of a property and the possible motivations of the seller.


How May I Contact You?

Please ask me your question by filling out this form. You will receive an answer to your question at the first opportunity I have to reply. I appreciate the time you have taken.

 

 


Thank you for taking the time to complete this questionnaire.
I will be in touch with you.

       comment on this
Consumers Looking to Buy or Sell Homes
Posted on Thu, 15 Sep 2016, 10:05:00 AM  in Home buying tips,  Home selling tips
Tags:  

Canadian real estate continues to have unusual periods of activity in which prices and sales increase faster than their average rates. Prices have surged dramatically in some markets recently. For example, prices rose sharply and some high profile sales occurred in the current quarter in Vancouver. A large number of which involved foreign investors.

 

Bubble Talk Rises

Looking to buy and sellAs prices soared in Vancouver and increased in Toronto, the talk in the financial news raised the notion of a real estate bubble. In Canadian financial news, bubble talk rises whenever prices show spurts of rapid growth, and this is no exception. The realistic assessment of price increases, when compared to wages and incomes, makes a stark picture. Prices rise much faster than wages and incomes. The conclusion from those facts for some analysts is that prices will outstrip income, and the real estate market will crash. The bubble did burst in recent memory, but it was in the US in 2006.

 

Speculation in the Hot Markets

Speculation can be a symptom and a cause of overheating in real estate markets. In the case of Vancouver real estate, it is clearly a symptom. The market has been warm for more than a decade and occasionally goes into a heightened state. There is a significant amount of speculation in the Vancouver market and real estate investors take passing positions on a property to get a quick flip and short-term profit.

 

Tax collection Issues Surface

Speculators sometimes play a useful role in bringing more transaction to a timely close. These investors have speed and profits as their driving forces. They can sometimes create enormous streams of personal and corporate cash as real estate activity can rise to impressive spikes at times. In Vancouver, news media carried a number of headlines and reports and prominent investigations by the Canadian Revenue service into tax payments. With information focused on particular individuals, the reports create a picture of active foreign investors and real estate agents fully engaged in the high paced current market.

 

Taxes Are Good for the Public

Real estate taxes and income taxes benefit the Canadian people and government. The high volume of sales causes an enormous amount of financial, and other economic activity. The tax revenues from sellers and agencies involved in the record levels of sales volumes is a boost for the government. This increase in revenues comes during a time when oil revenues bring less than anticipated due to a global slowdown in crude oil.

 

Investigations may Change the Laws

Some discussion includes the idea of enforcement. Other officials have ventured the possible need to change policies or amend the tax laws to get a better and more just level of enforcement. Local officials can determine the extent of compliance with the law in their areas; the national government would have to consider the impact on government financing and the economy

 

BC and Ontario Bear the Brunt

Toronto and Vancouver are the centers of real estate market growth, high sales spikes, and speculation. They will have to work with the national government to resolve issues and develop more effective revenue collection policies. Many media reports and investigations centered around these two markets, and the House of Commons has initiated hearings to study the issues.

 

Speculation and Overheating

Tax collection is part of a larger problem in the major markets. Speculation can lead to overheating in these major markets which could adversely affect the national real estate market. The idea of speculation as a major factor in Vancouver and Toronto would concern the entire Canadian financial system. While Toronto and Vancouver would have a strong interest in curbing speculation, they can do no more than enforce current laws. The impact of overheated markets is a national issue.


How May I Contact You?

Please ask me your question by filling out this form. You will receive an answer to your question at the first opportunity I have to reply. I appreciate the time you have taken.

 

 


Thank you for taking the time to complete this questionnaire.
I will be in touch with you.

       comment on this
The Top Things To Consider When Buying Or Selling
Posted on Mon, 15 Aug 2016, 02:50:00 PM  in Home buying tips,  Home selling tips
Tags:,  ,  ,    

It doesn't matter if you actually want to buy a new home or sell the one you are currently in, so long as you remember there are a handful of things that can significantly effect the cost of the house. While many people may think it is important to have high end finishes, the truth of the matter is you need to be wary of some of the high dollar items. Finishes are just that; finishes. But, if you have to dig into the bones of a home to make changes whether you are prepping to sell or considering buying, these are the items you must be conscious of.

Mold and Mildew

considerAny time a potential buyer spies mold or mildew growing on or inside of a house it can be a significant problem. Not only does mold signify there are tremendous problems with respect to drainage or leaks, but the fact of the matter is if you have mold in or around your house it can be a nightmare. Mold isn't just an allergic and poisonous substance by itself, but it can spread and get into other things all around the rest of the home before you even know it. In order to remove the mold spores you have to pull up finishes and expose the underlying wood, and the remediation can be extremely touchy as well to make sure you have removed it all. If you are preparing to buy then you definitely need to have a mold test. And, if you are going to sell, you should ensure you know about any mold problems far in advance as well.

Rotting Wood or Dryrot

If you happen to be in an area that has termites or you think you could wind up having any other problems with unfinished and untreated wood in a given house, then you have to be aware of wood problems. Because woods are the bones of your home you should be able to imagine the complications that can occur when your structural integrity is compromised. Not only could you see minor shifts in the house or home if support starts to give away, but you can also wind up having more problems come in through the holes where wood used to be. Throw in the fact that termites or other pests may still be present once you have seen signs of them being there and you can tell why checking for dry rot or other wood problems like termites can be very important to sniff out ahead of time.

Foundation Issues

If you want to buy a house and there are cracks in it, you should keep your eyes open. Obviously houses settle and shift over time. However, if you have a problem with the actual structural foundation itself then you could absolutely be looking into significatn costs. Likewise, if you are going to try and sell your home at some point then you should verify any minor structural problems now to stop them from getting worse and to fix them for later. 

General Pests

Pests can be a problem in any home for a few reasons, but one of the worst things about pests is the damage they can leave behind. Not only will fumigating and general cleanup run a decent amount of money, but you can also see the tremendous amount of long term annoyance that can come with trying to find the holes, cracks, or entryways that pests use and will continue to use.

As long as you are able to consider all of the problems or potential pitfalls that can come with buying a house, then you should be in a much better position for pricing and awareness. However, if you are looking to sell your house then you should absolutely be aware of the highest cost items to repair when it comes time to sell.


How May I Contact You?

Please ask me your question by filling out this form. You will receive an answer to your question at the first opportunity I have to reply. I appreciate the time you have taken.

 

 


Thank you for taking the time to complete this questionnaire.
I will be in touch with you.

       comment on this
What to Look for in an Investment Rental Property
Posted on Sat, 30 Jul 2016, 03:35:00 PM  in Home selling tips,  Real Estate Market
Tags:,  ,    

When you look at rental homes for sale, you might look at dozens of properties with your agent without knowing what you should look for or what home is best for your needs. While you may have an idea in mind about whether you prefer a home for one family or multiple families, you may have no clue what you need. You may also focus more on your own likes and preferences than what tenants would like. Before looking at another rental home, check out a simple list of what to look for in a rental property.

Size and Space

One thing you need to focus on is the overall size of that house and the space available. Depending on the city where you buy, you may find that homes are extremely close together and that homes have tiny yards. Other cities offer more space between neighboring houses and larger yards. Keep in mind that the amount of available space may determine the type of tenants interested in renting that home. A couple with two small children won't like a house that has no backyard and small bedrooms.

Neighborhood Specs

Taking a short drive through the neighborhood surrounding that house is the best way to get a feel for that area and to learn more about the neighborhood in general. When tenants come to look at that house, they'll ask you questions about the school district, whether there are any parks nearby and whether the neighborhood is safe. Though you can find cheap homes in some neighborhoods that cost as little as $10,000 or less, you might have a difficult time finding tenants or finding tenants willing to stick around and renew their leases.

rental-investmentUnique Features

One or more unique features can make a house more appealing to tenants and get you more money too. Look at comps for the neighborhood before looking at houses. You can then compare the features found on traditional homes nearby to the features found on the home you want to buy. Features on rental homes that tenants like include a large fenced-in backyard, ample parking on the street, a large garage with its own garage door opener and a large front or side porch. You can also highlight other features like a walk-in closet or en suite bathroom in the master bedroom or built-in shelving in the living room.

Overall Condition

A turnkey property is one that you can turnover almost as soon as you buy it. If you buy a rental home that is in great condition, you can often advertise that property for rent and find tenants less than a month after becoming the new owner. If, however, you buy a house that needs a significant amount of work, it might take months before you even start looking for renters. Homes that are in poor or bad condition will require more money upfront, which cuts into your overall profits.

Current Residents

As you look at rental homes, give some thought to the current residents living there too. Talking with them or seeing how they act can tell you a lot about that property. You can easily see if they are the type of people who take care of regular maintenance and keep the home in good shape, or if they are the type of people who will spray paint the walls and leave behind mountains of trash that you need to remove later.

Buying a rental home requires more than just finding a house that is in good condition. You also need to look at the current residents, the surrounding neighborhood, the space available and any unique features it has.


How May I Contact You?

Please ask me your question by filling out this form. You will receive an answer to your question at the first opportunity I have to reply. I appreciate the time you have taken.

 

 


Thank you for taking the time to complete this questionnaire.
I will be in touch with you.

       comment on this
Tips for Summer Showings
Posted on Fri, 15 Jul 2016, 03:20:00 PM  in Home selling tips,  Real Estate Market
Tags:,    

Rising temperatures mean rising home sales! Whether you’re just putting your home on the market or it has been sitting there a while, follow these easy and affordable tips to have your home ready for summer showings.

Manage the Thermostat

Use a programmable thermostat to ensure the inside temperature is around 23 degrees Celsius (75 degrees Fahrenheit) during showings. This will leave your home cool and comfortable for potential buyers, but not use excessive energy while the home is vacant. If you've already moved out of the home, consider a Wi-Fi-enabled “smart” thermostat that will allow you to adjust the temperature specifically during scheduled showing times.

Keep Up With Curb Appeal

Maintaining a yard can be difficult work, but you’ll want your buyers to believe the beauty is effortless. Continue a regular lawn-mowing schedule to keep weeds at bay. If you’re unable to do it yourself, hire a service or find a teenager in the neighborhood who wants to make some extra money each week. In drier weather, run your sprinkler or sprinkler system a little each morning to keep the grass lush and green. Consider adding some color to your path or front steps with hardy annual flowers. Trim bushes and trees so that your house is visible from the street and plenty of natural light shines through the windows inside.

summerEasy Sweat Equity

Was that rosy-colored front door once a vibrant red? Is the siding on the back of the house supposed to be white? Freshening up painted items such as doors, shutters, railings, and mailboxes can be relatively inexpensive but can produce substantial results. Use a house-washing product or some elbow grease to scrub your siding if it hasn’t been cleaned in a while. Make the home look fresh and clean instead of old and dated.

Highlight Outdoor Living Spaces

If you have a deck or patio, stage the area so that potential buyers see the space as another room on the house. Use outdoor furniture, cushions, and accessories to make the space inviting and to give the buyer an idea of what it would be like to entertain in the space. Hide items like air conditioners or gutters behind bushy plants. Be sure to open curtains inside the house so that buyers walking through can see and appreciate this extra outdoor space.

Have Photos Updated

If your home has been on the market for a while, it’s possible that buyers are still seeing photos of your home with snow. Ask your Realtor if it would be beneficial to have your outdoor photos updated to highlight how the property looks today.

Every Showing Counts

When you first put your home on the market, you will probably make sure it is perfectly staged and clean from top to bottom. You will quickly realize that preparing for each showing can take a lot of time and energy, and it can be hard to muster that dedication every day. The truth is, however, it’s important to treat every showing as if it were your first. You never know when the right buyer is going to walk through the door. Create a showing plan and stick to it every time. If you’re planning to go on vacation, prepare your home accordingly and notify your Realtor so that she can open your home for showings all day while you’re gone.

Many home buyers are eager to finalize purchases soon in order to close and be settled before school begins. Use these tips to take advantage of summer’s beautiful backdrop and to present your home in the best light to the most potential buyers.


How May I Contact You?

Please ask me your question by filling out this form. You will receive an answer to your question at the first opportunity I have to reply. I appreciate the time you have taken.

 

 


Thank you for taking the time to complete this questionnaire.
I will be in touch with you.

       comment on this
Trying to Sell Your Home - Avoid These Mistakes
Posted on Wed, 15 Jun 2016, 10:20:00 AM  in Home selling tips
Tags:  

Selling a home can be stressful. It is not unusual for some houses to sit on the market for a long time. It is a buyers market. In order to sell your home in this competitive landscape, it is important to be aware of how you might be unknowingly turning sellers off and avoiding making these mistakes.

Unflattering Listing Photos

sellingBuyers make snap judgments of houses immediately. Many search for homes online and if the photos turn them off, they will not bother to visit the house in person. So, it is important that their first impression of your home be a positive one. When marketing your home online, show as many photos of your property as possible. Help buyers visualize themselves in your space by posting high-quality interior photos. Make sure that the photos highlight your home’s best features. Buyers want to see photos of the kitchen, bathrooms and the living space. Declutter and clean up. Nothing can turn a buyer away quicker than a cluttered, unkempt home. As more and more buyers use mobile apps to shop for homes, the quality and quantity of photos matter. It might be worth it to invest in high-quality professional photos. Although it can cost a bit of money, the cost will usually be recouped in the form of better offers on your home.

Bad Odors

Bad smells are one of the biggest turn-offs for home buyers, according to real estate research. Pet odors, food smells and cigarette smoke are big culprits. Strong smells, such as onions, tend to stay around long after the meal is over. Therefore, if you have your home on the market, try to diffuse these smells as much as possible. Leave windows open while cooking. After you are finished with the meal, make a DIY home fragrance with cinnamon or another natural deodorizer. Avoid strong fragrance sprays, as they can make the problem worse, especially for buyers with asthma or allergies.

A Kid's Room That Looks Like It Came From a Disney Movie

Although, your child’s Disney princess themed room might be very cute, it will likely turn off potential buyers who do not share the same love for Disney. If your home attracts first time home buyers without children or families with teens, for instance, your child’s cute Disney-themed room will likely be a turn off. Many home buyers will not want to bother with re-decorating the room themselves. They will just move on the next home. So, before putting your home on the market, repaint the room a neutral shade, change out themed lights and wall fixtures for more neutral toned fixtures.

Fixtures and Appliances that Came From the 1970's

Disco-era fixtures and appliances will turn off potential buyers. They might wonder whether or not you have bothered to make any updates to the home since the 1970s. Tarnished doorknobs, outdated cabinet knobs and pulls and ancient ceiling fans are easily updated at little cost. Small updates can go a long way towards increasing a home’s attraction to potential buyers. Most buyers want a home that is move-in ready. They do not want the hassle of having to update fixtures and knobs after moving in.

Avoiding the above common buyer turn-offs can help you attract more buyers to your home. Most of the above things can be easily taken care of with very little hassle and cash. Home buyers want to be able to visualize themselves in your home; just small changes can make this happen.


How May I Contact You?

Please ask me your question by filling out this form. You will receive an answer to your question at the first opportunity I have to reply. I appreciate the time you have taken.

 

 


Thank you for taking the time to complete this questionnaire.
I will be in touch with you.

       comment on this
Upgrades to Make When Selling Your Home
Posted on Wed, 30 Mar 2016, 12:10:00 PM  in Home buying tips,  Home selling tips,  My services
Tags:,  ,  ,  ,    

For homeowners who want to sell their property quickly and attract buyers, it's important to allow the house to shine once it's on the market. The appeal of the property will determine how quickly you receive an offer and how much of a profit you can potentially make. When getting ready to list your home, there are a few important upgrades to make to get it ready to sell.

Perform a Minor Bathroom Remodel
The bathroom is one of the most important rooms of the home due to how much it's used each day. Buyers want to purchase homes that have upgraded and attractive bathrooms instead of outdated fixtures. By investing in a bathroom remodel, the average return at resale is 102 percent, making it a smart step to take. Perform upgrades that include installing new hardware, staining the cabinets, installing new tiles, and adding a new tub. You can also remove an outdated shower our tub and replace it with a walk-in feature that has multiple shower heads and doesn't have any doors for a setting that resembles a spa. Walls in the patiobathroom that are damaged can also be repaired with spray-on texture.

Increase the Curb Appeal
The curb appeal of the property is the first impression that you make on your buyers and will ultimately determine how many people visit the home after seeing it advertised. Fertilize the lawn, install a water feature, and extra shrubs, and consider painting the door with a pop of color for a exterior space that stands out in the neighborhood. You can even add an archway to add a feature that works as a focal point in the yard. Remove clutter in the yard and keep it manicured, which will increase the property value of the home.

Convert the Attic into a Room
Although attics were originally used for storage, more people are transforming it into a setting that serves multiple purposes. Consider converting the attic into an additional bedroom, a gym, or an entertainment center. Many people also choose to use the space as a home office for telecommuting. This can allow you to have an average return of 93 percent at resale. You can also add insulation to the attic to reduce the cost of energy on the property and allow the room to become more functional.

Remodel the Kitchen
Remodeling the kitchen is one of the most important steps that homeowners can make with their property when selling it to attract more buyers. The average return at resale is 91 percent, but this can allow the home to sell quicker instead of sitting on the market for several months. Install backsplashes, add a kitchen island, and upgrade the countertops with concrete material for a modern design that peaks buyers' interest. You can also consider installing brushed nickel hardware on the cabinets and adding white subway tiles on the walls for a decorative backsplash. You can even add French doors, which will allow plenty of light in and will make the room to feel more spacious.

Add a Deck or Patio
Make it easy to entertain and enjoy the backyard setting by installing a deck or patio where future homeowners can entertain. Consider adding potted plants and furniture for an environment that can be used to enjoy a bonfire or sit out and read. Enhancing the appeal and functionality of the backyard will attract more buyers for extra space that can be enjoyed on the property.


How May I Contact You?

Please ask me your question by filling out this form. You will receive an answer to your question at the first opportunity I have to reply. I appreciate the time you have taken.

 

 


Thank you for taking the time to complete this questionnaire.
I will be in touch with you.

       comment on this
Easy ideas for spare rooms
Posted on Mon, 29 Feb 2016, 12:10:00 PM  in Home selling tips,  My services,  Real Estate Market
Tags:,  ,  ,  ,  ,  ,    

Spare rooms are opportunities to expand living space and add function to any home. They can be the place where the desire to mix metallic blue and deep sea gray come together. It can be a place to express nostalgia for art deco designed furniture, and to display collectibles or object d' árt gathered from travels around the country. Spare rooms can be places to express what one does not in the rest of the home, it is a room that fulfills a need to create. 

 

Always Ready for Guests
A daybed in some brilliant tones, a few side pieces, and a mirror can make a spare room a waiting mini-suite for guests. There is something about having a place for company that makes it so easy to issue weekend invites. But in the unoccupied days, the spare room need not sit idle. The small book collection that one intended to read over the years can find a productive home, and the daybed can be a favorite place to relax with a book. A small music system, such as one that permits private listening, can complete a very nice reading area. Habits can be reinforcing, whether positive or otherwise. A reading area can help break that cycle if buying books that later serve to gather lots of dust and small amounts of guilt. 

Multi-Purpose Areas
A room can serve a number of purposes and for more than one person. Space can double as a work area for an adult and a play area for a child. Such ideascombinations can be beneficial such as letting an adult share time and space with a child while also pursuing a hobby or interest. It can be as easy as putting some play mats and a large toy box in the same room as the sewing center, scrapbooking area, or fishing tackle table.

Preserving Open Space
Feng shui styles have the advantage of the spare use of furnishings and allowing open space to shape the contours of a living space. This is just one way of using open space in a spare room and simple effects that bring out themes. One excellent way of using a room and keeping open space is to use plants and table fountains. One can use these and other things that can fill a room with a relaxing presence and pleasant sound. One can enjoy a room while moving through it, sensing aromas from leaves, and enjoying the unique feeling of unfettered space. 

Self Improvement
Spare rooms make great places to do things that one has wanted but never achieved. For some people it is the magic of yoga and meditation that helps the brain reset and improves the outlook. It is probably true that one does not need a specially dedicated space to do Yoga or to meditate, but for many people setting a space is an important step in getting something done. Meditation requires focus, and quiet place is a helpful environment. The spare room can be the place where one's personal energy gets a rebirth, and the overall direction of life can change for the better.

Dramatic Effect
A spare room can be a place for things we simply love to do to indulge ourselves. It can be a spa with a hot tub or a cedar paneled Swedish sauna. It can be a room filled with art, photos, and favorite movie posters or souvenirs from live stage shows. Sometimes the best way to celebrate the past is with the souvenirs and relics we keep.

 


How May I Contact You?

Please ask me your question by filling out this form. You will receive an answer to your question at the first opportunity I have to reply. I appreciate the time you have taken.

 

 


Thank you for taking the time to complete this questionnaire.
I will be in touch with you.

       comment on this
Key Areas To Update For Re-sale Value
Posted on Tue, 16 Feb 2016, 11:40:00 AM  in Home selling tips,  Marketing strategies,  My services
Tags:,  ,  ,  ,  ,  ,    

Worried about your home's re-sale value? You should be. It is important that every homeowner think about how home improvements may affect the value of their home. There are even some projects that will immediately translate to a higher projected re-sale value.

When planning home improvements to increase the value of your home, there are some things that you should keep in mind. There are a number of factors that will affect the total return on your home improvement investments. The value of your home, homes in your neighborhood, homes within your larger community's housing market, how soon you sell your home, and the project's quality will all affect the return that you are able to get on your initial investment. With this in mind, some improvements are not worth the money that you put into them. For example, installing a $10,000 fridge into a $150,000 house is a waste of money. Additionally, spending $15,000 on a kitchen renovation in a house that only has one bathroom also does not make sense. Luckily, we have complied a list of need-to-know information about the key areas to update for your home to fetch the highest possible re-sale value.

Invest In Your Home's Landscaping

Landscaping your home can pay off big years down the line. This is one of the first investments you should be making in your new home. You will need to allow for several years of growth to make the most of you home's landscape as a selling point and to help increase your property's re-sale value.

Compared to either a bathroom renovation or a kitchen remodel, a beautifully landscaped yard is a great way to increase your home's value. According to a bathrecent U.S. Gallop survey, home landscaping can add between a 7 and 15 percent increase to your home's value. In addition to increasing your home's overall re-sale value, properly completed landscaping can significantly improve the chances of your home's re-sale. According to a recent Real Estate Agent Community Trends survey a whopping 82 percent of surveyed agents have experienced potential buyers declining to even look at the interior of a home because of the home's exterior.

Remodel Your Kitchen And Bathroom

Home's located in red-hot markets are able to spend money on a kitchen or bath remodel and will often will get a return of more than 100 percent of the initial cost. For instance, in Baltimore a home with a nearly $10,000 bathroom remodel was able to recoup more than 182 percent of its cost at the home's re-sale. Hot markets like Atlanta, D.C., Chicago, Minneapolis, San Diego, and San Francisco also offer homeowners a triple-digit return on a bathroom remodels. Additionally, minor kitchen remodels, with an average cost of $15,000, provide returns of more than 100 percent in some cities including Miami, Providence, New Orleans, and San Diego. However, understanding your individual market and your home's value is very important when deciding whether or not you will remodel your kitchen and bathroom for re-sale.

Create A New Bathroom

If your home only has one bathroom, adding a bathroom is a better use of your money than remodeling the existing one. Not only can adding a bathroom improve your home's resale value, but it can also make your home an easier to sell. A recent National Association of Realtors study found that adding a new bathroom increases the selling price of a home by an average of 8.7 percent, that is more than twice the average rate obtained by adding a bedroom.

Give Your Home Additional Space

Adding additional rooms to your home can be a good investment, particularly if you live in one of the more dynamic housing markets. According to data provided by the National Association of Realtors, homeowners who are considering adding new rooms to their home can reasonably assert that every 1,000 square feet of additional space will boost the re-sale value of their home by more than 30 percent.


How May I Contact You?

Please ask me your question by filling out this form. You will receive an answer to your question at the first opportunity I have to reply. I appreciate the time you have taken.

 

 


Thank you for taking the time to complete this questionnaire.
I will be in touch with you.

       comment on this
What You Need To Know About Selling Your Home
Posted on Fri, 01 Jan 2016, 11:30:00 AM  in Home selling tips
Tags:  

So you have decided to sell your home in Canada? Well here are a few things you should know about the process and a few statistics to help you feel secure in your decision!

The Process of Selling a Home Does Not Have to Be Hard

Selling your home may seem like a difficult task, but it certainly does not have to be. There are many people in Canada looking to buy your home, and many people in Canada looking to help you sell your home. Those two factors alone should make this process infinitely easier on you as you try to sell your home. 

If you do not like the idea of having to employ a realtor, you do not have to! There are many very successful independent homeowners who would rather cut out the middle man when selling their home. There are quite a few documents, forums, and blogs out there that are dedicated to helping you do this process on your own. You may find that you are less anxious about the sale when you are in charge of all of the steps in the process. You do what feels the best to you!

You Can Meet Potential Buyers

You may decide that you want to know the potential buyers of your home. This is a personal decision that you can make regardless of whether or not you are selling your home independently or through a realtor. Many individuals find comfort in knowing what kind of person will be taking over the home- some even find that they make life-long friends with these buyers. You are entitled to do whatever makes you feel the most comfortable when selling your home. You should know that you have every right to be a part of this process.

sellingLook at the Other Homes for Sale in the Area

When you are trying to sell your home, you should be competitive with the other homes on the market. You want to sell your home after all! You may find that your home is worth more than you expected when compared to the homes around you. You may also find that your home is the type of home that is in high demand. Do your research and you are sure to get the most from your home!

Selling Statistics!

Did you know that nearly every realtor on the market selling a home in Canada did well in 2015 and the numbers are expected to look even better in 2016! The number of homes sold in Canada from November 2014 to November 2015 through was the highest in Canada’s history! The numbers have not yet come down so if you are looking to sell a home you should do so now! 

The Canadian market is balanced. This may seem insignificant, but it shows both buyers and sellers that the market in Canada is stable. When the market is stable you know what to expect and when to expect it. There are very few dramatic drops in prices, shortages, or devastating crashes of any type. Canada prides itself on this stability. Having a balanced market makes Canada the ideal place to be in if you want to buy or sell a home!

You may find yourself excited to know that the average selling price of a home is currently up by about ten percent. This is excellent news for you, the seller! This means that while people are still buying homes, you can expect to get just a little bit extra money out of your home than you would have in the past. These numbers look promising for the next few months!


How May I Contact You?

Please ask me your question by filling out this form. You will receive an answer to your question at the first opportunity I have to reply. I appreciate the time you have taken.

 

 


Thank you for taking the time to complete this questionnaire.
I will be in touch with you.

       comment on this
Admin Listings Privacy Policy Contact Site Map

RODICA ILIESCU - REAL ESTATE BROKER | RE/MAX ALL-STARS REALTY INC. BROKERAGE, 2281 KINGSTON RD, TORONTO, ON
CANADA (905) 477-0011

Re/Max All Stars Realty Inc., Brokerage, independently owned & operated
Copyright © 2002-2015. All rights reserved.
Real Estate Marketing by WebTechDezine, Division of Lone Wolf Real Estate Technologies.