Wednesday, 24 July 2013

The best kept secrets for Getting your house sold!

10 Best-Kept Secrets for Selling Your Home

Tricks of the trade to help you get top dollar when selling your home.

Selling Secret #10: Pricing it right
Find out what your home is worth, then shave 15 to 20 percent off the price. You’ll be stampeded by buyers with multiple bids — even in the worst markets — and they’ll bid up the price over what it’s worth. It takes real courage and most sellers just don’t want to risk it, but it’s the single best strategy to sell a home in today’s market.Selling Secret #9: Half-empty closets
Storage is something every buyer is looking for and can never have enough of. Take half the stuff out of your closets then neatly organize what’s left in there. Buyers will snoop, so be sure to keep all your closets and cabinets clean and tidy. Selling Secret #8: Light it up
Maximize the light in your home. After location, good light is the one thing that every buyer cites that they want in a home. Take down the drapes, clean the windows, change the lampshades, increase the wattage of your light bulbs and cut the bushes outside to let in sunshine. Do what you have to do make your house bright and cheery – it will make it more sellable. Selling Secret #7: Play the agent field
A secret sale killer is hiring the wrong broker. Make sure you have a broker who is totally informed. They must constantly monitor the multiple listing service (MLS), know what properties are going on the market and know the comps in your neighborhood. Find a broker who embraces technology – a tech-savvy one has many tools to get your house sold.Selling Secret #6: Conceal the critters
You might think a cuddly dog would warm the hearts of potential buyers, but you’d be wrong. Not everybody is a dog- or cat-lover. Buyers don’t want to walk in your home and see a bowl full of dog food, smell the kitty litter box or have tufts of pet hair stuck to their clothes. It will give buyers the impression that your house is not clean. If you’re planning an open house, send the critters to a pet hotel for the day.
Selling Secret #5: Don’t over-upgrade
Quick fixes before selling always pay off. Mammoth makeovers, not so much. You probably won’t get your money back if you do a huge improvement project before you put your house on the market. Instead, do updates that will pay off and get you top dollar. Get a new fresh coat of paint on the walls. Clean the curtains or go buy some inexpensive new ones. Replace door handles, cabinet hardware, make sure closet doors are on track, fix leaky faucets and clean the grout.Selling Secret #4: Take the home out of your house
One of the most important things to do when selling your house is to de-personalize it. The more personal stuff in your house, the less potential buyers can imagine themselves living there. Get rid of a third of your stuff – put it in storage. This includes family photos, memorabilia collections and personal keepsakes. Consider hiring a home stager to maximize the full potential of your home. Staging simply means arranging your furniture to best showcase the floor plan and maximize the use of space.Selling Secret #3: The kitchen comes first
You’re not actually selling your house, you’re selling your kitchen – that’s how important it is. The benefits of remodeling your kitchen are endless, and the best part of it is that you’ll probably get 85% of your money back. It may be a few thousand dollars to replace countertops where a buyer may knock $10,000 off the asking price if your kitchen looks dated. The fastest, most inexpensive kitchen updates include painting and new cabinet hardware. Use a neutral-color paint so you can present buyers with a blank canvas where they can start envisioning their own style. If you have a little money to spend, buy one fancy stainless steel appliance. Why one? Because when people see one high-end appliance they think all the rest are expensive too and it updates the kitchen. Selling Secret #2: Always be ready to show
Your house needs to be "show-ready" at all times – you never know when your buyer is going to walk through the door. You have to be available whenever *Source HGTV 
Kevin & Faye Kitzman
Sales Representatives
Remax Real Estate Centre
Direct : 519-577-0603
 
 
Faye Kitzman
Mortgage Agent
Mortgage Intelligence
519-588-0141
M08003930

Monday, 15 July 2013

Canadian Home sales improve in June- according to statistics released by CREA

Canadian home sales improve in June               
Ottawa, ON, July 15, 2013 – According to statistics released today by The Canadian Real Estate Association (CREA), national home sales rose in June 2013, building on gains recorded over the previous three months. 
Highlights:
  • National home sales rose 3.3% from May to June.
  • Actual (not seasonally adjusted) activity came in 0.6% below levels in June 2012.
  • The number of newly listed homes edged down 0.5% from May to June.
  • The Canadian housing market has tightened but remains in balanced territory.
  • The national average sale price rose 4.8% on a year-over-year basis in June.
  • The MLS® HPI rose 2.3% year-over-year in June.
The number of home sales processed through the MLS® Systems of real estate Boards and Associations and other cooperative listing systems in Canada rose 3.3 per cent on a month-over-month basis in June 2013. This marks the fourth consecutive monthly increase, with activity now running 11 per cent above where it stood in February.
Home sales improved in two-thirds of all local markets in June, including almost all large urban markets. The biggest gains were reported in Victoria, Greater Vancouver, the Fraser Valley, Edmonton, Saskatoon, Winnipeg and Montreal.
“For the second month in a row, sales improved in the majority of local markets,” said CREA President Laura Leyser. “Whether those gains reflect temporary factors or a fundamental improvement after a slow start to the year really depends on where you are. Your REALTOR® is your best resource for understanding what’s driving the local housing market where you live or might like to.”
“Increases in mortgage interest rates likely prompted some buyers with pre-approved mortgages to jump off the sidelines and into the market in June, particularly in larger, more expensive urban markets where affordability is strained,” said Gregory Klump, CREA’s Chief Economist. “We have seen this happen before. If fixed mortgage rates continue holding where they are or edge slightly higher, sales may ebb over the summer and early autumn, with slightly higher borrowing costs picking up where the finance minister left off last year to keep the housing market in check.”
Actual (not seasonally adjusted) activity came in 0.6 per cent below levels reported in June 2012. When compared to year-ago levels, the number of local markets was split evenly between those with year-over-year declines and those that posted gains in June. Greater Toronto and Montreal remain below year-ago levels, although their declines continue to shrink. Meanwhile, sales in Greater Vancouver, Calgary, and Edmonton were up compared to last June.
chart of interest01 (E)Some 240,068 homes have traded hands across the country so far this year. That stands 6.9 per cent below levels in the first half of 2012, when mortgage rules and guidelines had not yet been tightened. While the gap between sales this year and last year is expected to diminish, annual sales are still expected to fall short of last year’s total.
The number of newly listed homes edged down 0.5 per cent on a month-over-month basis in June. New listings rose in a number of Canada’s most active markets including Greater Vancouver, Edmonton, Saskatoon, Winnipeg, Hamilton-Burlington, Oakville-Milton, and Quebec City. This was offset by a decline in new listings in a number of other large urban centres including the Fraser Valley, Calgary, Greater Toronto, London & St. Thomas, Montreal and Fredericton.
With sales activity up and new listings down, the national sales-to-new listings ratio rose to 53.8 per cent in June from 51.8 per cent in May, but remains firmly rooted in balanced market territory where it has been since early 2010. Based on a sales-to-new listings ratio of between 40 to 60 per cent, two-thirds of all local markets were in balanced market territory in June.
The number of months of inventory is another important measure of balance between housing supply and demand. It represents the number of months it would take to completely liquidate current inventories at the current rate of sales activity.
The number of months of inventory also indicates that Canada’s housing market remains balanced. There were 6.1 months of inventory at the end of June 2013, down slightly from 6.3 months at the end of May.
The actual (not seasonally adjusted) national average price for homes sold in June 2013 was $386,585, an increase of 4.8 per cent from the same month last year.
“Just as declines in the national average price at this time last year reflected a drop in sales activity in some of Canada’s most expensive housing markets, much of the increase in the national average price in May and June can be attributed to recovering demand in those same markets, particularly Greater Vancouver,” Klump said. “A better gauge of what’s going on with prices is the MLS® Home Price Index, which is not affected by changes in the mix of sales the way the average price is. The index shows year-over-year price growth stabilizing at a rate barely ahead of inflation.”
natl_chart_of_interest03_hi-res_enThe Aggregate Composite MLS® HPI rose 2.3 per cent compared to June 2012. Year-over-year growth in the MLS® HPI had been slowing since late 2011, but has held steady near its current rate for four months. Year-over-year price growth picked up for two-storey single family homes (+3.0 per cent) but slowed for all other Benchmark property types tracked by the index. Prices for one-storey single family homes were up 3.1 per cent yea-rover-year in June, followed by townhouse/row units (+1.6 per cent), and apartment units (+0.4 per cent).
Year-over-year price growth in the MLS® HPI was mixed across the markets tracked by the index.
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PLEASE NOTE: The information contained in this news release combines both major market and national MLS® sales information from the previous month.
CREA cautions that average price information can be useful in establishing trends over time, but does not indicate actual prices in centres comprised of widely divergent neighbourhoods or account for price differential between geographic areas. Statistical information contained in this report includes all housing types.
MLS® is a co-operative marketing system used only by Canada’s real estate Boards to ensure maximum exposure of properties listed for sale.
The Canadian Real Estate Association (CREA) is one of Canada’s largest single-industry trade associations, representing more than 106,000 REALTORS® working through more than 90 real estate Boards and Associations.
Further information can be found at http://crea.ca/statistics.


Kevin & Faye Kitzman

Sales Representatives

Remax Real Estate Centre

Direct : 519-577-0603



 


 

Faye Kitzman

Mortgage Agent

Mortgage Intelligence

519-588-0141


M08003930

Thursday, 4 July 2013

Using a Professional Real Estate Agent has its benefits.

Your real estate agent can find what may be hidden

Advice about the home, neighbourhood just a few things they offer

   
 
You are entitled to be your own real estate agent, but using a professional has benefits.

You are entitled to be your own real estate agent, but using a professional has benefits.
   
Q: I walked through an open house and would like to make an offer on the place.
I am not currently working with a real estate agent. Do I have to use the seller’s representative, or can I represent myself?
A: As a home buyer who has not signed a representation or service agreement (a contract between a buyer and a brokerage), you have three options: work with the seller’s representative, seek out a different real estate professional to work with, or represent yourself.
The benefits of working with a registered real estate professional include knowledge, experience, accountability and the availability of consumer deposit protection.
Your registered real estate professional will be able to provide guidance and advice about the condition of the home, share information about the neighbourhood, help in the negotiation process and navigate you through the legal paperwork.
Additionally, they may guide you to other properties that are even better suited to your needs than the original home you saw.
In a typical real estate transaction where both the buyer and the seller have representation, the seller pays the commission to both the listing real estate brokerage and the buyer’s real estate brokerage. In most instances, there is no additional cost to the buyer.
If you choose to be represented by the same real estate professional as the seller, both you and the seller will need to provide written consent for that scenario.
Joseph Richer is registrar of the Real Estate Council of Ontario (RECO). He is in charge of the administration and enforcement of all rules that govern real estate professionals in Ontario. You can find more tips at reco.on.ca, follow on Twitter @RECOhelps or on YouTube at http://www.youtube.com/RECOhelps .