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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
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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.

 

 


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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
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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.

 

 


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I will be in touch with you.

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

 

 


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Buying a home for a young family
Posted on Fri, 15 Apr 2016, 10:50:00 AM  in Home buying tips,  My services,  Real Estate Market
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Moving out of a rented house to your house is one of the greatest achievements in life. In Canada, there are several young families owning their first home. Most of these have one or two kids less than eighteen years. 

If this describes you and you are buying a family home, it is important to consider convenience and safety in your buying process. Most serious accidents happen at home when fixture, features, and fittings are not safe for kids. Here are a few tips to ensure safety. 


Look for a kid-friendly floor plan If you have small kids, it is good to keep an eye on them all the time. Avoid buying homes with a main-floor master plan. An open floor plan house would be the best. Moreover, look at the steepness of the stairs from your garage to the main house especially if you have to carry your kids from the garage. Lastly, consider the indoor play area. There should be enough space for kids to play with toys especially in cold weather. Size up the youngfamilyyard Your kids need to play outside and enjoy the sunshine. Do not overlook this need. Look for a home with a safe yard that is large enough for your kids to play on it. You may find a home with a large deck that can be used as a play area. However, if you have very small children, the deck may be too dangerous for them. On the flip-side, a yard will cost you much more to maintain. However, you could use a nearby playground if your children are big enough to play there. Where are the bedrooms located? 


There are different house designs with some having bedrooms on one floor, others on different floors and yet others with some bedrooms in the basements. If the master bedroom is on the top floor and the other bedrooms on the ground floor, be contended with frequent climbing and down the stairs at night to check the children. This setup may be good for a family with teenage children as it is advisable to separate the bedrooms. Interior safety, Find ways to keep areas such as the pool from children. Moreover, look at low hanging lights, piping and similar fixtures. In the same breath, check on the safety of the stairs, and the bathroom. Try to buy a house that is safe or one that you can modify to enhance its safety. How is your neighborhood? 


You may make a few renovations to your house, but you cannot change the neighborhood. Thus, choose the location carefully. Pay a visit to the prospective home with your family and ask them to give their views about the place. Moreover, look at the cleanliness, security, the condition of access roads and availability of utilities such as water and electricity. Look for the safety of your kids and the overall comfort of the whole area. See if the roads nearby are too dangerous to cross if your kid decided to head to the stores. Is there any place that you can jog or ride a bike should you decide to keep healthy? Find out if there are very noisy nightclubs within your vicinity. It is also good to find out if there are other families in the area. How far are public amenities from the home? Look for groceries, stores, schools hospitals and the like. The nearer they are to the home the better. You may also look at the location of parks and other places of interest where you can spend time with your family.

 


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.

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