7 Ways To Improve Your Home’s Sell-Ability

  1. Maintain Neutrality
    This policy has worked for Switzerland, and it can also work in real estate. Customizing your home is great if you plan to stay there, but extreme colors and themed rooms can scare off potential homebuyers. If you have customized every room with extremely bright or dark colored paint, wallpaper or wall fixtures, you may want to consider toning it down a bit. Using neutral colors on the walls can help prospective buyers create their own vision for the house, and will also leave them with less work to undo if they buy the house.
  2. Less Is More
    Even though you have not moved out yet, removing some of your furniture can help the house move off the market. If you take pictures for your listing, having less furniture can help the home appear more spacious. When potential homebuyers arrive, having less furniture can also provide clear walkways.
  3. That New House Smell
    Honestly, the new house smell isn’t always the most pleasant, but at least it is new. In preparing to show your home, you should avoid strong smells. To avoid odors, make sure to take out the trash and clean the refrigerator regularly. It is also good to be mindful of what you cook in the days leading up to a showing since certain foods have strong scents. If you have pets, keep an eye on the litter box. Any smell that is too strong could send potential homebuyers running out the door.
  4. Pay Attention to the Details
    It is not a good idea to make major renovations when you are ready to sell your home because you may not recoup your investment. If you never got around to starting or completing that total kitchen or bathroom makeover, then you can make some small, inexpensive changes to spruce things up. Replacing the hardware on cabinets is a quick way to improve the appearance of older looking fixtures. Upgrading small items such as light switch and outlet covers can also add a nice touch.
  5. Maximize Your “Curb Appeal”
    The front of your home is the first thing prospective home-buyers will see, so keeping it presentable is a must. If there is a yard, keep the grass to a reasonable height and if there are trees, be sure to keep the branches under control. The path to your front door should be a clear and welcoming one, not an obstacle course!
  6. Don’t Get Too Personal
    Upon entering your house, everyone will know it is lived in, but they do not need to see all the evidence. Get rid of excess clutter such as newspapers, magazines, and mail. Be sure to put away your laundry and shoes. It may also be a good idea to put away some other personal belongings like pictures on the refrigerator or mantle. For you, the pictures may make a house a home or display your personal touch. For the new homeowner, it may appear too personal.
  7. Take Care of Repairs
    Waiting to make repairs until after you find a buyer can be tricky. Depending on the nature of the repairs, you may not be able to find a buyer. Depending on how fast the buyer wants to close on the house, you may not have enough time to make the repairs. Save yourself some time and potential trouble, by making repairs before you list your home. The repairs will have to be made anyway, so it is better to get them out of the way sooner rather than later.

Please contact me direct at 416-520-6746 or by email, David@TorontoRealEstate.ca

How to Make Your House Picture-Perfect for the Sale

Great article on www.TheGlobeandMail.com

Staging has become a common, if not integral, step in the home-selling process, especially as savvy HGTV-fed consumers continue to tune into programs like Designed to Sell, The Stagers and Get it Sold.

“Years ago you could put your house on the market and nobody cared what it looked like,” says Cindy Stocker, a property stylist at Vancouver-based Urban Presentations. “But people are more impressionable these days.”

Click here for more.

Please contact me direct at 416-520-6746 or by email, David@TorontoRealEstate.ca

When Is The Best Time of Year to Sell a House?

Here is a good article from Heather Wright of Property Wire Canada:

Is there such a thing as a best time of year to sell a house? Certainly, seasonal factors come into play when trying to sell a home, but there are other things to consider as well, like the tug and pull of supply and demand, as well as unique local market conditions.

No matter when a home goes on the market, one should take a few things under consideration that will likely affect not just the ability to sell a property, but more importantly the ability to get your asking price. Timing, it seems, is everything.

The Economy

While the economy does not follow the predictable ebb and flow of the seasonal changes in real estate and in buyer attention, the economy, it’s state and it’s prospects boil down to property values, and consumer confidence. When the economy is under fire, people are nervous about their jobs. There is generally a reluctance to spend, accumulate debt or make major purchases.

The market will tell you what a home is worth. The problem is, during an economic downturn, the market may value your home lower than you had hoped, or than from when you started.

That may succeed in removing a number of buyers from your pool. For those that must buy a property though, the economy will play less of a factor in the decision to purchase, but it may give them power at the bargaining table, and it may be more difficult to get the desired price. Interest rates figure into this as well. The lower they are, the more your pool of buyers may increase as well, as the cost to borrow comes down and people, in theory can borrow more.

Springtime

In a country like Canada, where there are four distinct seasons, seasonal influences play a large part in creating good selling conditions.

Wintertime brings with it a series of challenges, among them the weather, holiday distractions and lack of interest from buyers.

When the snow thaws though, and greenery re-emerges from the ground, buyers tend to re-emerge as well. The spring tends to be the peak of the market, simply because the timing suits people in general. The weather is more favourable, properties generally can be better displayed, and moves and property closings can more reasonably be managed through the summer months, so for those with families relocating is less disruptive.

According to data, home sales begin in February, with closings peaking through late May, June, July and August- and this has been a consistent trend since the early 2000’s. For sellers then, they will likely have the opportunity to engage more traffic and interest in their homes.

Patience is a Virtue

While the springtime may typically be a more optimal time to sell, there will typically be more competition on the market.  Sometimes, if a seller is flexible on their dates, it may be advisable to wait until the spring market to list, simply because of the flood of buyers onto the market. Often, a property will sell for more, and sell much faster because of volume.

As there will be more properties on the market, the seller really needs to take time to make their property stand out, using the slow winter months to actively prepare their homes to list.  For some, it can take weeks, or even months to de-clutter and re-organize their properties to best reflect the space, and the positive attributes.

Advise sellers that, even though you may list in the spring, the selling process begins now- behind the scenes.  Think staging before selling.

Please contact me direct at 4516-520-6746 or by email, David@TorontoRealEstate.ca

 

10 Ways to Get the Best of Winter When Selling Your Home

If your home will be for sale this winter, it is important to master certain seasonal issues that are less significant or even non-existent at other times of the year. Here are 10 bits of sage advice from RE/MAX agents that can help put a “Sold” sticker on that yard sign.

Let Those Lights Shine: The best way to combat winter’s short and frequently cloudy days is to turn on your house lights. For a showing, every single light in the house must be on, even in the closets and utility/mechanical rooms, according to Marlene Granacki of RE/MAX Exclusive Properties, Chicago. Continue reading

Kitchen Makeover Without Spending a Fortune

Great article by Phoebe Chongchua from Realty Times

If you’re selling your home then you should know that one of the popular rooms that tops buyers’ favorites list is the kitchen. So it makes sense to spend time, energy, and even a little money to make it shine.

For more, click here: Realty Times – Kitchen Makeover Without Spending a Fortune.

contact me direct at 416-520-6746 or by email, David@TorontoRealEstate.ca

5 Top Mistakes Home Sellers Make

Learn how to avoid the 5 Top Mistakes Home Sellers make when selling a home. Choosing to work with a qualified RE/MAX agent can help you avoid costly mistakes such as incorrectly pricing your home, not preparing your home for sale, and ineffective marketing. Choose Wisely. Choose RE/MAX

Please contact me , David@TorontoRealEstate.ca or 416-520-6746

Critical Role of a Real Estate Agent

Learn why hiring a RE/MAX Real Estate Agent can help you understand your current local housing market, determine the correct listing price which will obtain a quick sale of your home. Depend on your RE/MAX agent to develop a market analysis, set a marketing strategy, and effectively promote your home to buyers through Remax.ca, Remax.com, and the RE/MAX network of agents. RE/MAX sells 1/3rd of all homes in Canada. Choose Wisely. Choose RE/MAX

Please contact me, David@TorontoRealEstate.ca or 416-520-6746