How The Wrong Pricing Strategy Can Cost You Thousands!

How the Wrong Pricing Strategy Can Cost You Thousands!

As you’re probably aware, the list price you set for your property has an impact on how quickly it sells — and how much you earn on the sale. What you may not realize is just how significant an impact it has. Consider the following examples.

Example 1: You price your property well above its current market value. As a result, many buyers don’t bother to see it because it’s outside of their price range. Those who do see it are confused by the high price tag, (and may even be suspicious.) They may wonder, “What’s going on?” In this scenario, the home will likely languish on the market for weeks or even months. You might even have to lower the price dramatically to reignite interest.

Example 2: You price your property just a couple of percentage points lower than what is necessary to gain the interest of qualified buyers. That might not seem like much of a problem. How much can a couple of percentage points matter? Those points matter a lot. On a $400,000 property, pricing your home just 2% lower than necessary could cost you $8,000 on the sale. That’s a serious amount of money! So, as you can see, pricing your home right is serious business.

Fortunately, a good REALTOR® knows how to set the right price.

Looking for a good REALTOR®? Call today.

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Will the neighbourhood go up in value?

Will the neighbourhood go up in value?
When you purchase a home, you’re hoping it will continually go up in value
— just like a good investment.
However, there’s something else that you want to see go up in value as
well: the neighbourhood. In fact, the neighbourhood plays a key role in what
the home will be worth in years to come. If the neighbourhood goes down in
terms of desirability, so will the market value of the home.
That’s why, when shopping for a new home, it’s important to get a feel for
the value of the neighbourhood, and whether or not it’s on the upswing.
How do you do that? One way is to simply take a walk. Look at the
properties. Are they well maintained? Is the landscaping groomed and
attractive? Those are signs of “pride of ownership” — a clear indication that
owners value their homes and the neighbourhood.
Another way is to do some research. Has crime gone up in the
neighbourhood? Are there improvements planned, such as new parks? Is
the neighbourhood attracting the kind of people you want as neighbours?
How does the neighbourhood school rank?
Some of this information may be difficult to get on your own.

A good REALTOR® can help you. Call today.

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How To Help Sell Your Home Quickly!

How to Help Sell Your Home Quickly
Usually when you list your home, you would prefer to sell it quickly. It’s like
being the first one served at a crowded ice cream parlour. It’s satisfying.
However, sometimes there’s more to it than that. There may be a truly
urgent reason why you need to find a buyer for your property as soon as
possible, such as a sudden job relocation.
If that’s the case, it’s important to explain your situation to your REALTOR®,
who will be able to put together an action plan for selling your home quickly
and for the best price possible.
During that conversation, ask what you can do to help the process along.
For example, you may be able to:
• Spread the word to your friends and other connections on Facebook.
• Canvass your neighbours and tell them about your listing.
• Stage your home so that it’s more attractive to prospective buyers.
When it comes to price, be prepared to be flexible. That doesn’t mean you
must settle for a price far below your home’s market value. However, you do
need to be prepared to accept a good offer rather than try to hold out for a
great one.
Also be open to as many viewings and open houses as possible. Having
many prospective buyers come through your home within a short period of
time may be a little inconvenient, but the payoff might be an offer!
Finally, work with your REALTOR®. A good REALTOR® will know the local
market well and have many ideas for selling your property fast.
Looking for a good REALTOR® like that? Call today.

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When to call a REALTOR®

When to call a REALTOR®

If you’re like most people, you go to see a doctor when you’re not feeling well or have a health concern. However, you may also visit your doctor for a check-up, or to ask questions about healthy living. In fact, consulting your doctor for anything health-related is a smart idea.

The same holds true when it comes to real estate. Many people only call a REALTOR® when they’re planning on selling their property or buying a new home, or both.

While that’s an important reason to speak to a REALTOR®, it’s not the only reason. Indeed, there are many good reasons for you to give a good REALTOR® a call. For example:

• • If you have a question about the state of the local real estate market. (Remember that it may be very different from what you hear on the news about the national market.)

• If you want to get a sense of what homes are currently selling for in the area.

• If you want to determine the current market value of your property.

• If you want to find out how much homes cost in neighbourhoods you’d like to consider.

• If you’re thinking about the possibility of making a move, but you’re not sure if it’s the right time.

• In other words, don’t be afraid to contact a good REALTOR® when you have a question or need some advice about the real estate market.

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Avoiding Unwelcome Guests!

Avoiding unwelcome guests

There are unwelcome guests that most homeowners dread. They come into

your house, eat, sleep, make a mess, and never leave willingly. Each one

has at least six legs and sometimes flies.

They are, of course, insects. They’ve been freeloading in homes since

homes were invented. Here are some practical ways to keep these

unwelcome guests out:

Find out how they got in. Look for gaps around windows and doors,

and cracks in the basement. If you find a spider web, there’s likely an

insect entryway nearby.

Watch out for standing water near the foundation of your home. Make

sure rain gutters drain water well away.

Eliminate clutter. Insects love warm, cluttered, moist areas.

Check the seal around dryer vents and other vents, pipes and cable

wires going through the wall. Reseal if necessary.

Rinse recyclables before putting them into a bag or bin. Few things

are more tempting to a bug than the dark, moist, sweet insides of an

un-rinsed pop can.

If you do end up with a serious insect problem, call a professional

exterminator.

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YOUR HOME AT A GLANCE

Your home at a glance

Have you ever driven up to a restaurant and your first impression was

disappointing? Perhaps the windows looked dark and gloomy, the façade

was worn and unattractive or for some other reason it just didn’t look like a

tempting place to eat.

It could still be a fantastic restaurant – a real gem. But, your first impression

has soured your anticipation. If you still walk through the front door, it will

likely be with the expectation of being disappointed.

This scenario often plays out in the real estate market as well.

A buyer drives up to a home for sale and quickly forms an impression based

on what he sees “from the curb”. That’s why you’ll hear real estate experts

talk about the importance of “curb appeal”. It’s one of the most important

selling points of a property.

If you plan to put your home on the market, you obviously want your home

to look as attractive as possible from the street. Fortunately, there are many

simple things you can do to improve curb appeal.

For example, you can trim shrubs and hedges, plant flowers, clean the

walkway and driveway, paint the front door and garage door, and clean the

exteriors of the windows. All these projects are relatively easy and

inexpensive. Yet, each can make a dramatic improvement to how your

home looks at first glance.

Don’t be like the great restaurant that’s hidden behind an unkept façade.

Make sure your curb appeal reflects the overall value of your property.

Looking for more advice on selling your home quickly and for the best price?

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Report suggests nearly half of Canadian Homeowners Intend to buy a property in the next 5 years!

I found this to be an interesting article on the Globalbc website. Could it be that our economy may not be as bad as was first thought? Hmmm?

A new report suggests nearly half of Canadian homeowners intend to buy a property in the next five years, despite a cooling off in the housing market.

A new report suggests nearly half of Canadian homeowners intend to buy a property in the next five years, despite a cooling off in the housing market. AP Photo/Danny Johnston

TORONTO – A new report suggests nearly half of Canadian homeowners intend to buy a property in the next five years, despite a cooling off in the housing market.

The BMO Housing Confidence Report says the 48 per cent figure is mostly unchanged from late 2012, suggesting continued confidence in the housing market.

Among major cities, the report found a five-point gain in buying intentions in Vancouver while Calgary was down by 13 points.

Buying intentions in the Greater Toronto Area and Montreal have held steady, while Atlantic Canada has seen a 15 per cent jump in buying intentions.

The bank`s report further suggests close to half of all homeowners under 40 intend to purchase a larger home within the next five years.

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