Real Estate

When a Buyer Makes an Offer, What Happens Next?

Imagine you’re selling your home and an offer from a buyer comes in. You’re excited. Your home might soon be sold! What happens next?Typically, we will review the offer together. There will likely be several things about the offer that need to be carefully considered. The most common are: The offer price. Evidence the buyer is financially able to purchase the property. Conditions on the...

How to Decide if a Neighbourhood is Right for You

Say you’ve found a house for sale in an area that’s unfamiliar to you. How do you figure out if it’s going to be the ideal neighbourhood? The first step is to take a walk. Stroll the neighbourhood and explore. If you get the chance, chat with homeowners and get their opinions of the area. Ask what they love about it. Also ask what they don’t like. Next, determine how the neighbourhood is...

The Role of Carrying Costs when Buying a New Home

When searching for a new home, many buyers will focus only on the list price and what they may need to offer to get the property. For example, a buyer might think, “We can get this house for $XX. That’s within our price range!” Of course, the selling price plays the pivotal role in whether or not you can afford a particular home. But, carrying costs should also be considered. Carrying costs...

The Cure for Cabinet Clutter

When a buyer opens a cabinet door in your kitchen, it’s not an invasion of privacy. The buyer simply wants to get a sense of the available space. So, you can expect some buyers to explore cabinet space, especially in your kitchen and bathrooms. That’s why making sure cabinet space looks clean, organized and spacious is so important. Consider these tips: If you store a lot of items inside a...

Buying the Faraway Home

Shopping for a new home in a distant town, city or neighbourhood can be a challenge. It’s especially difficult if getting there requires a very long drive or flight. So, if you’re thinking of moving out-of-town, here are some home shopping tips to consider: Schedule a longer than normal viewing appointment. Make sure the seller is aware that you’ll need more time to see and evaluate the...

Savvy Negotiation Helps Win the Deal

Purchasing a home is not the same as buying a product off the shelf. You don’t simply pay the price on the tag and know it’s yours. You can’t just see a home for sale and say, “I’ll take it!”, especially if the market is competitive. You need to make an enticing offer. That offer, of course, would include the price you propose to pay. That price may or may not be the “price tag” or the...

Is it the Right Time to Sell?

If you’re entertaining the idea of selling your home, especially within the next year, one question you might be grappling with is, “Should I sell now, or wait until market conditions are more favourable?” The answer is simple. Your decision to sell should be guided by your own needs and desires and not by what you think the market will be like months from now.First of all, it’s nearly...

Setting Emotions Aside When Selling

Imagine shopping for a used car. You find one that you like and while negotiating the price, the seller gets sentimental. He shares happy memories of family picnics, his kids’ soccer games and other adventures with the vehicle. Then he demands a higher price. After all, he couldn’t possibly part with it for anything less. Are you likely to pay for his sentimental value? Probably not. Yet the same...

How to Deal with a Competitive Disadvantage

If you’re selling your home and there are other listings in your area, buyers will naturally compare your property to those other listings. Is there something about your home that you’re concerned will be seen as a competitive disadvantage? For example, do you have a small kitchen or fewer bedrooms than most other homes in the neighbourhood? There are a few things you can do to compensate for...

Creating the “Wow” Effect in Buyers

It’s incredible how quickly people form first impressions. According to some studies, people can develop lasting opinions within seconds of seeing someone, something, or someplace new. That’s why, when preparing your property for sale, it’s important to do everything you can to make sure it looks attractive to buyers. Nowhere does this first impression phenomenon play out more than when a...

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