Uncommon Tips for Making Your Home Show Better

Most people know the basics of preparing a home for a viewing or an open house: make sure everything is clean and tidy, mow the lawn, sweep the walkway, etc.

But there are a number of lesser known tips — tips you often don’t hear about — that can make your home even more attractive and desirable to potential buyers.

home

In the kitchen, for example, it’s obvious that the stove, sink, and countertops should be spotless. But did you know that grinding a lemon will help eliminate any lingering smells? Want to go a step further? You should also arrange the contents of your cabinets and refrigerator to face forward.

In the bathrooms, make sure the toilet lids are closed. Hang matching towel sets.

Moving on to the bedrooms, check that nothing is lying around. Even a shirt draped neatly over a chair can appear messy to some people.

In the kids’ rooms, the toys should be “staged”, not just flung around. For example, set up a train set like an appealing store display. Don’t just have bits and pieces scattered on the floor.

If possible, move half the contents of all closets into storage. This makes a big difference in how spacious they’ll appear.

Turn on everything: all the lights (even the one above the stove), the fireplace, the lights in the basement.

Finally, here’s another uncommon tip. House plants look their best — brighter, more upright and alive — approximately four hours after you water them.

All these tips take just minutes to implement, but they can make a big difference in how your home shows. Studies prove that a well prepped home will often sell faster, and for a higher price, so it’s worth the effort.

7 Simple Repairs That Will Help Sell Your Home Faster

Even though we have a healthy seller’s market, you still want to aim to maximize the sale price of your home. That’s why it is important to make sure your property is in a good state of repair so that it makes a good impression on potential buyers. If you’re a very savvy home owner, you can begin to do these things a year before you aim to list your home with your REALTOR®.

Appraisal-repairs

Here are some things that may need your attention or the help of a reputable contractor:

Doorways. Inspect all your entry systems closely. Look for sagging screens, cracked glass, squeaks, and aging or broken aluminum parts. Consider giving your doors a fresh coat of paint.

Roof. Check for missing shingles and have replacements installed where necessary. Also inspect the gutters. Remove any leaves and other debris that may have accumulated.

Walls. Look for nail pops, holes and dents. Patch and paint where necessary.

Toilets. Make sure all toilets are still secured firmly to the floor and don’t rock when you sit on them. Anchoring nuts tend to corrode over the years. Replace where necessary.

Faucets. Inspect all faucets, including those in the laundry room and other areas. Do you have one that drips? If so, repair or replace it.

Cabinets. Kitchen and bathroom cabinets get scratched and worn in spots over the years. There are many great scratch repair products on the market that can make cabinetry look almost new.

Decks and gates. Any loose boards? Rickety stairs? Sagging gates that you have to lift in order for the latch to close? Buyers will notice. Get them fixed.

The good news about these types of repairs is that they are relatively inexpensive, yet make your home show significantly better, and enticing a potential buyer to have greater confidence when bringing an offer, or a competing offer to the table.

Real Estate Report on Kitchener-Waterloo 2016

The Kitchener-Waterloo Housing Market saw significant growth in 2016.  The average residential sale price rose approximately 10 per cent to $382,697 up from $348,220 in 2015. Many residential listings received multiple offers, with pre-emptive or bully offers being a common occurrence.

Housing Market Kitchener-Waterloo

Attracting Out-of-Towners – Greater Toronto Area buyers continue to drive demand in Kitchener-Waterloo as they seek out affordable housing options along the GO Train line. Waterloo’s economy and consumer confidence were boosted in 2016 due to substantial growth in its tech sector as the low Canadian dollar encouraged increased investment from American tech companies.

Outlying Towns Heating Up- New Hamburg and Baden, located on the outskirts of Kitchener, are becoming increasingly popular with move-up buyers and retirees. For young families, the areas offer good schools and nice properties at affordable prices, while retirees are attracted to the adult retirement villages, which feature bungalow-style homes, amenities and activities.

First-Time Buyers- First-time buyers are a key driver of the Kitchener-Waterloo market. Young couples looking to enter the market typically prefer low maintenance condo properties that provide easy access to the downtown core.

Condo market – Condo sales were up in 2016 between January and October to 1,358, compared to 1,029 properties sold during the same period in 2015. Due to a surplus of condo inventory near Wilfred Laurier University and the University of Waterloo, it’s expected that some of the housing initially intended for student rentals may eventually shift to wider availability residential rental units.

Source:  REMAX 2017 HousingMarketOutlookReport

 

 

Move-Up and Luxury Home Buyers- Kitchener-Waterloo Real Estate Trends 2016

Kitchener-Waterloo was characterized by strong real estate market throughout 2016 with house prices increasing by an average of 10% over home prices in 2015. A series of broken sales records combined with low inventory has had a rippling effect on everyone.

Move-up buyers in particular have enjoyed the maximization of their equity. Owners who have sold their homes in 2016 are benefiting from the substantial activity at the lower end of the market, which has allowed them to move into larger, new homes, often in the luxury $1 million+ range. While there has been some multiple-offer activity in the luxury home market, competition is remarkably less than that found below $500,000.

Luxury Home

However, there are only a few weeks left in 2016 for buyers of luxury homes to enjoy the original land transfer rates. New mortgage policy has updated or “modernized” land transfer rates to reflect the prices of luxury homes, with purchases of homes over $2 million seeing a .5% rate increase to help accommodate the doubling of the First-Time Home Buyer land transfer rebate announced in November 2016.

“Modernized” Ontario Land Transfer Tax Rates
Home Purchase Price      
       Tax Rate
Up to $55,000                                 0.5%
$55,000 to $250,000                      1.0%
$250,000 to $400,000                    1.5%
$400,000 to $2-million                    2.0%
$2-million and over                         2.5%

 

What Can You Expect From Your REALTOR®?

You probably know that a REALTOR® does more than just post a for sale sign on your front lawn, or guide potential buyers through your home. But how much more? What exactly will a real estate professional do for you?

expect

Taking the time upfront to understand what to expect from your agent will help to reduce misunderstandings, and make the selling process less mysterious and stressful. You’ll be able to anticipate what’s going to happen next, be prepared to ask the right questions along the way, and be aware of whether your Realtor is meeting expectations.

Typically, you should expect a good real estate agent to:

  • Explain the Listing Agreement to you. (This is your contract with the real estate firm.)
  • Describe the home selling process, and answer all your questions and concerns.
  • Prepare a realistic appraisal based on the expected market value of your home by comparing it to similar property sales in your area.
  • Provide you with advice on how to make your home more appealing to potential buyers, especially during showings and open houses.
  • Create a comprehensive marketing plan to promote your home.
  • Screen enquiries, schedule appointments, and show your home to potential buyers.
  • Field offers from potential buyers, deal with counter-offers, and negotiate the best terms and selling price possible for your home.
  • Help you throughout the entire selling process to make it as easy and stress-free as possible.

These services should be the minimum you expect from a good agent. The best agents will do more. They will be there for you in the weeks, months, and even years after the sale to make sure everything continues to go smoothly in your new home.