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How to Sell Home in a Changing Real Estate Market
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Bidding At Public Foreclosure Auctions
If you are wanting to own your own home or dreaming of investing in commercial real estate but are unable to do so because all the properties that you have been seen advertised are way beyond your budget, you may be lured by the prices you will see printed by public foreclosure auctions.
While it is all well and good that you may actually be able to purchase your dream property for a fr... Read real estate article
Land Investments
If you think that it's too soon to start thinking about retirement as soon as you begin working, then think again. There are several reasons why it is never too soon. For one, people are now healthier than ever before, which translates into living longer and thus, living longer in retirement. Many people in retirement want to travel, buy a new home and have extra money to spend. Planning ahead to ... Read real estate article
How to Sell Home in a Changing Real Estate Market
The real estate market is cooling which for many people will mean less money for their homes after more time to sell them. Staging professionals aim to change that trend for agents who know the advantage of this service for their listings. Homes that have been staged have been known to sell three times faster, on average, than homes that haven't been staged and they bring up to 15% above the asking price on an average home. Unlike interior decorating and re-design, the staging process prepares a home for sale - it involves depersonalizing it and broadening the appeal to buyers by maximizing space and lifestyle selling.
Staging professionals have specialized training to assist the home seller and real estate agent. They provide a service that benefits this industry through their understanding of the Canadian marketplace. Home staging is a topic of great interest to the television fan of design shows such as "Designed to Sell." Homeowners can see the results from the staging process - multiple offers that are above the asking price within days of an open house, for example. They can also see that major renovations needing lots of time and money are not required to get top dollar on a property.
The reality of real estate is that most homes are not ready for a competitive market. Every day the agents must tell the sellers the news that their home needs work in order to get the best price they have come to expect in places like Calgary. Reluctance to be frank with the seller can result in lower offers and longer times on the market which is not the best scenario for the listing agent or the seller. Stagers have the experience to diplomatically guide sellers in the preparation of their homes for today's discerning buyer.
The media are helping to get the message across with design shows specifically geared toward selling the home. Recent surveys asked people how much they would spend to get their house ready for buyers. More than 50% would spend up to $2000; over 30% would go as high as $5000 to sell their home quickly and for more return on their investment. Even the highest producing agent will agree that this kind of investment is cheaper than a price reduction that can send a message of desperation to sell. But the money must be used wisely to get the biggest bang for the buck. Do agents always know which colours sell a house and which don't? Or the best furniture layout that creates an impression of space in even the smallest living area or master bedroom? Or how to turn the worst house on the block into the best one offered to the buyer in the shortest amount of time? The answers may surprise many.
And those vacant houses? They sell 84% faster if they have been properly furnished and showcased to sell the lifestyle desired by the potential new owner. A stager who is professionally certified and trained to make the house more attractive to the buyers can do this transformation in less than three days for a minimal investment. Stagers do not renovate, decorate or design a house but help agents and sellers to create a strategy for selling the house. They have a proven colour palette to work from that has major appeal to buyers. They can provide economical furnishing and accessory rentals to show spaces in a new way. They can provide the homeowners with options that make the house look good, better and even best depending on the budget, timelines and the desire of the home seller.
Agents can take advantage of seminars that demonstrate the effect of a home prepared for the buyer. These sessions can provide tips and tricks for agents to use on their own as well as criteria for choosing a staging professional as part of an integrated real estate sales support team. The stager is hired directly by the homeowner and is presented to them as a resource for getting the best price in the shortest amount of time. This referral can add value to an agent's services since the seller feels that their listing is receiving the full service treatment. In addition, the listing gets a great look as well as exposure on another national website for properties for sale. The home seller feels taken care of while not taking more of a busy agent's time.
Staging, or preparing a home for the market, works - and works well. It is another part of the top selling agent's marketing tool kit. Consider having your sellers speak with a professional stager for one for your listings. It is a marketing advantage you need because your competition is already doing it! Staging is the answer for getting the price sellers want from a home in Canada right now.
Catherine Christensen is a stager with Designs of the World, a staging firm based in Calgary, Alberta, Canada. She has a background in the design of historical sites and how those places were used by the real people within them. Catherine has a certification in staging that gives her specialized training to assist the home seller and the real estate agent with an understanding of the Canadian real estate marketplace. This is the solution you need to have your home designed to sell fast and for more money!
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Buying A New Home Secrets
Phoenix growth is exploding, thanks to its great winter weather and good job client. If you are considering relocating to Phoenix, building your home is a possibility here. But for most of us, it won't be a custom home. Instead, you'll have a choice of floor plans and a few variations in the outside of the home. If you are considering having your home built in the Phoenix or Scottsdale area, consider these 5 tips:
1 If you don't read anything else, read the subdivision report! Home builders are required to submit a subdivision report, which contains information about the subdivision and what is nearby. The report will spell out whether any of the subdivision is in a flood zone, where the water will be coming from, the nature of the soil, and other important things you should know before you buy.
2. The big builders' homes look boxy because boxy is more cost effective. Subdivision homes look the same because they are easier to build that way. Home builders work to keep costs down and one of those ways they keep costs down is to make the architecture of the home simple to build. Unless you have over $1.1 million to build custom, settle for some nice stone work in front, call in a designer for the interior and concentrate on making your back yard really cool. After all, Phoenix is all about outdoor living.
3. Check for Incentives. Though builders don't normally drop the base price, they do throw in incentives. Get your own real estate agent and have your agent shop those incentives for you if you have more than one builder to choose from. You don't get a better deal when you come in the builder's sales office without an Agent, you just don't get represented. If you are relocating to Phoenix, get an agent! There are many details about homes here that may be different than where you live now.
4. Get an inspection. Call in an independent inspector to check the home, at least before your warranty expires. When you sell your home, the buyer will have an inspector look at the home, so why not find those defects while the builder will still fix them for free.
5. Builder extras equate to mega-dollars. Builders generally overcharge for extras. Consider your extras carefully. Some homeowners have saved over $10,000 by putting in their own upgraded tile after they bought the home. Expect a mess though. Your pristine new home will have to be re-cleaned once the tile is installed
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