Monday, May 2, 2022 / by Melissa Vike
Staged homes can sell quicker and for a higher price, because they showcase the home’s best features and downplay its weaknesses.
What is Home Staging?
Home staging is the process of preparing a home for sale by increasing its appeal to a wide range of homebuyers.
You want homebuyers to easily envision themselves moving in and living there. They need to see it as their dream home.
Here’s what you can do:
1. Focus on the key rooms
There are several areas that homebuyers are zeroing in on when they look at your home, with the living room, kitchen, primary bedroom, and dining room topping the list.
If you can’t get to every room, make sure that you spend your time, energy, and money on these rooms.
2. Clean, clean, clean
If you can’t stage every room in your home, you can still clean every room. It’s essential. It signals pride of ownership; ...
Monday, May 2, 2022 / by Melissa Vike
Our nation is in the midst of a shifting real estate market. But even as the buying frenzy begins to slow, many properties are still receiving multiple offers.1
So what’s the best way to compete as a buyer–especially if you’re wary about overpaying?
While a high offer price gets attention, most sellers consider a variety of factors when evaluating an offer. With that in mind, here are five tactics you can utilize to sweeten your proposal and outshine your competition.
We can help you weigh the risks and benefits of each tactic and craft a compelling offer designed to get you your dream home—without giving away the farm.
1. Demonstrate Solid Financing
The reality is, no one gets paid if a home sale falls through. That’s why sellers (and their listing agents) favour offers with a high probability of closing.
Sellers particularly love all-cash offers because there’s no chance of fina; ...
Saturday, April 2, 2022 / by Melissa Vike
Now that Spring is here, you may be thinking about making some home improvements to maximize your investment. Whether you’re looking to stay in your home or sell it, there are some home renovations that pay off on the resale market.
According to a 2021 RE/MAX Canada report, more than half of Canadians renovated their home for personal enjoyment. According to a survey, 3 in 10 Canadians renovated to enhance their lifestyle while another 3 in 10 renovated to maintain their home. Lastly, 16% of Canadians said they renovated to increase the market value of their home in order to sell within in the next one to three years.
Regardless of their reasons for renovating, 59% of Canadians said they always consider the return on investment that a renovation will have on their home’s market value.
TOP 9 HOME RENOVATIONS
1. Kitchen – 93.5% of RE/MAX brokers said kitchen renovations give the best ROI, including new or upd? ...
Friday, April 1, 2022 / by Melissa Vike
We’re still in a seller’s market, but that doesn’t mean your home is guaranteed to easily sell.1 If you want to maximize your sale price, it’s still important to prepare your home before putting it on the market.
Start by connecting with your real estate agent as soon as possible. Having the eyes and ears of an insightful real estate professional on your side can help you boost your home’s appeal to buyers. What’s more, beginning the preparation process early allows you to tackle repairs and upgrades that can increase your property’s value.
Use the checklist below to figure out what other tasks you should complete in the months leading up to listing your home. While everyone’s situation is unique, these guidelines will help you make sure you’re ready to sell when the time is right. Of course, you can always call us if you’re not sure where to start or what to taf ...
Tuesday, March 1, 2022 / by Melissa Vike
The annual inflation rate in Canada is currently around 5.1%—the highest it’s been in 30 years.1 It doesn’t matter if you’re a cashier, lawyer, plumber, or retiree; if you spend Canadian dollars, inflation impacts you.
Economists expect the effects of inflation, like a higher cost of goods, to continue.2 Luckily, an investment in real estate can ease some of the financial strain.
Here’s what you need to know about inflation, how it impacts you, and how an investment in real estate can help.
WHAT IS INFLATION AND HOW DOES IT IMPACT ME?
Inflation is a decline in the value of money. When the rate of inflation rises, prices for goods and services go up. Therefore, a dollar buys you a little bit less with every passing day.
The consumer price index, or CPI, is a standard measure of inflation. Based on the latest CPI data, prices increased 5.1% from January 2021 to January 2022. In comp; ...