Real Estate Selling Tips
Your real estate professional’s job is to get you the best price for your home, while also ensuring it does not remain on the market for an extended period of time.
Following are 10 home staging tips that may help you sell your home faster and at a higher price.
- Make an impression. Prospective buyers make up their minds about your house even before they get out of the car. To ensure they have the right idea, clean up your yard, get rid of unsightly weeds, and sweep your driveway and porches. Get out the rags and cleanser and spend 30 minutes scouring your front door, porch, railings and steps. Then tuck away all your recycling cans and bins at the back of the house or in a corner of the garage.
- Unclutter. A common phrase used to describe the importance of uncluttering is: Clutter eats equity. So purge your closets, empty cupboards and box up small appliances. You may even want to rent a storage locker to keep items you simply cannot part with, while throwing out items you’ve collected over the years that you do not want to take with you to your next home. This will also save you valuable time leading up to your moving date. Ensure you pay close attention to your counter tops and coffee tables as well.
- Impersonal works. You want buyers to imagine themselves living in your home, so stash anything connected to your family or personal interests. Hide your son’s hockey trophies, store family photos and remove all traces of day-to-day life. This also included removing personal effects from the bathrooms.
- Keep it fresh. There’s nothing worse than stepping into a house that smells of smoke, dampness or pet odors. The easy solution is to keep your windows open for 10 minutes a day. This strategy works better than deodorizers since a lot of people have allergies to artificial room fresheners. The oldest trick of all involves baking a fresh batch of chocolate chip cookies. When they’re almost ready, turn off the oven and let them cool down. The scent will permeate the house and welcome visitors.
- Declare war on grime. Cleanliness helps put a buyer’s mind at ease since it suggests that you’ve probably taken good care of your residence in other ways as well. So clean everything: walls, door handles, light fixtures and cupboards. And don’t forget to dust your furnace room and furnace, since this makes your furnace look newer. Power washing windows, walkways, eaves troughs and pathways can also do wonders for your home’s exterior.
- Hire a handyman. If you don’t have the time or expertise to deal with the aesthetics of your home, consider hiring a professional. Dripping faucets, cracked tiles and moldy caulking around the bathtub can knock thousands of dollars off the price of your home.
- Color it up. Your single best investment may be a fresh coat of paint in key areas of your home. Try painting your front door and placing some urns with brightly colored flowers on your front step or just inside the entryway. Remember that small touches can make a house seem cared for and important.
- Reduce furniture. An easy way to create a sense of space is to get rid of some furniture. Moving a sofa and end tables into storage can give a small room some much-needed breathing space. If your furniture dates from the Mulroney era, consider packing it away and renting or borrowing some modern, stylish furniture or a couple of well-chosen pieces of wall art. Keep your rooms clean and simple like a hotel room or the showroom for a new house.
- Lighten up. The brighter and sunnier a space, the easier it is to sell. If you don’t have the time or energy to clean all of your windows – inside and out – it may be a wise investment to hire a professional window-cleaning company. Thoroughly clean the shades on your light fixtures, change light bulbs and add floor lamps if an area seems dim. Finally, when it comes time to show your home, make sure all the lights are on, especially in hallways.
- Add a touch of humanity. A couple of planters on your front porch, a vase of flowers on your dining room table, or even a simple rose in a vase can warm up a room. Candles can also do wonders in lighting and warming a room. Make sure, of course, that they’re located in safe areas and will not cause a fire. Using essential oils with reed diffuses are a safer alternative to candles if you want to freshen up the air within your home.
Your real estate professional will be able to ensure your home is accurately evaluated before setting a listing price. They will be able to conduct a comparative market analysis, which puts your home up against similar properties that have sold, expired, or have been recently listed for sale in your area. This analysis also takes into consideration the features that are present or not present in your property versus the comparable properties. For instance, a home with a pool will typically sell for more than a comparable home without a pool. As well, a finished basement may also bring in a higher sale price.
When the potential sale of your home rests on a home inspection, you want to ensure you have done everything possible to make sure your home passes the inspection. Following is a link to a Home Inspection Checklist from Canada Mortgage and Housing Corporation (CMHC) that will help you understand what aspects of your home must be in order prior to a home inspection: www.cmhc-schl.gc.ca/en/co/buho/hostst/wosh_011.cfm?renderforprint=1Preparing for a Real Estate Open House in Toronto
Ensuring your home receives maximum exposure is a key part of any home sale. That’s why it pays to sell your home with the help of your real estate professional through the Multiple Listing Service (MLS). The MLS provides details of your home to all real estate professionals in the area, and markets the property to a broad range of potential buyers. To further maximize exposure, your real estate professional may recommend you hold an open house as soon as the property goes on the market. Most open houses for the public are held on a weekend afternoon when potential buyers often have more time to drive through neighborhoods.
Following are three things to keep in mind pending an upcoming open house:
- No pets allowed. If you have pets, remove them from the home for the open house, since their presence could be distracting or affect those with allergies.
- Make plans. It’s best if you and your family are not present during an open house. If you remain home, prospective buyers may feel compelled to rush their visit to avoid disturbing you. You want them to feel relaxed and take the time to really see the features of your property. Potential buyers also feel uncomfortable commenting on your home in your presence.
- Be Prepared. Your professional will suggest ways to prepare your home for an open house to make the environment more inviting both inside and out. This may entail rearranging furniture, painting an area, or removing clutter. All of this, of course, will help you prepare for your eventual move as well.
There are generally two ways to get a mortgage in Canada: From a bank or from a licensed mortgage professional.
While a bank only offers the products from their particular institution, licensed mortgage professionals send millions of dollars in mortgage business each year to Canada’s largest banks, credit unions, trust companies, and financial institutions; offering their clients more choice, and access to hundreds of mortgage products! As a result, clients benefit from the trust, confidence, and security of knowing they are getting the best mortgage for their needs.
Whether you’re purchasing a home for the first time, taking out equity from your home for investment or pleasure, or your current mortgage is simply up for renewal, it’s important that you are making an educated buying decision with professional unbiased advice.