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Staging Your Home to Sell

You’ve probably spent more than one Sunday sitting in front of the television watching home redecorating and home staging shows on HGTV.  Don’t worry, we’ve all done it.  Now that it is time to sell your house you’re probably wondering how well staging your home to sell it really works.

What is Home Staging

Home staging is preparing your house for sale or an open house by arranging the furniture, cleaning out clutter, using color and decorative pieces to highlight the best features of your home.  A staging expert can come into your home and evaluate it objectively, determine anything that will hinder the buyer from making an offer.  Don’t confuse staging with decorating, although home design principals are used.  Home staging is a marketing strategy to illustrate the best features of your home.

Why Does Staging Work

A properly staged house illustrates the best features of the home.  The home staging expert goes through each room and makes sure the furniture is properly placed and the focal points are highlighted.  They use tasteful colour choices throughout the home, accent pieces complement the room and the furniture is properly placed to allow traffic to flow smoothly throughout the home.  Putting all these principals together in such a way, triggers an emotional response in potential buyers.  You want buyers to be able to envision themselves living there.

A Staged Home Highlights:

  • The home is cared for, staging does minimal redecorating depending on the budget
  • All the clutter is removed so buyers can see the home’s best features
  • The furniture is laid out in the ideal way to highlight the focal points and leave open space for traffic
  • Appeals to a wider array of buyers, the home has a model-home appeal to attract more buyers

Benefits of Staging

Homes that are properly staged command a higher asking prices than non –staged homes, and typically they sell a third faster as well.  Investing in home staging pays for itself, putting $500 into staging returns roughly $560 back from the sale.  Incidentally staged homes have fewer if any price reductions.  The average time a staged home is on the market is 32 days while a non staged homes is 160 days.  This is the difference between your home being on the market for days or months.  Here are some do it yourself tips for doing your own home staging.

Staging works for everyone, sellers get their home sold much quicker than without staging.  Real estate agents get their listing sold faster than agents who don’t work without a staging company.  Get your home staged and get it sold now.

 

5 Tips for Buying Your First Home

Buying your first home is a scary thing, after all what do you know about mortgages, inspection and MLS listings.  You’re not the only one who has had to face all that, luckily you can do it armed with some information to guide you.

Here are 5 tips for buying your first home:

5 Tips for Buying Your First HomeHire an Agent

Many people will tell you that you don’t need an agent you can buy your first home on your own.  A buying agent will represent your interests throughout the buying process, they have access to listing fresh on the market and experience in whatever location you want to live in.  They understand the dynamics of neighbourhoods, where the schools and shopping are located, if your home is next to an airport or some other hindrance.

An agent can help you negotiate a price that works within your budget.  They are legally obligated to represent your interests.  They can negotiate contracts and help you with the closing process.  Their first loyalty is with you and their experience with the whole buying process is invaluable to the first time buyer.  They can take you to open houses, look for the right properties, find the movers, connect you with a real estate lawyer and home inspector.

Hire a Mortgage Broker

You’re first instinct when you want pre-approval for a mortgage is to head over to the bank where your chequing account is.  You may even get pre-approval for the amount you want but are you getting the right rate?  A mortgage broker can talk to you about the types of mortgages are available to you, and go over your financial information with you.  Armed with the right information they can shop around for you and get you a competitive rate and provide you with a pre-approval letter.  Your real estate agent should be able to put you in touch with a reputable mortgage broker.

5 Tips for Buying Your First Home

Look for Your House

It sounds pretty simple doesn’t it?  Many first time buyers are hesitant to make a decision because they are afraid they will miss out on that “perfect house”.  Finding the “perfect home” isn’t realistic.  You need a vision of what are must have’s and what you would like to have.  You may not get absolutely everything on your list.  You may have to do some work yourself, update the decor, do some painting or fix the kitchen to your liking.  Some of this you can negotiate into the contract and again the buyer’s agent can help you with that.

Make an Offer

Your agent will definitely come in handy through this process, they can research what other homes in the neighbourhood are selling for.  This will help you to decide on a fair offer that has a good chance of being accepted.  Negotiating is part of the home buying process, and it is good to have a professional who has got your back.

Get the Home Inspected

You never ever want to skip a home inspection.  A home inspection will cost around $500 but could potentially save you tens of thousands down the line.  No matter how great the house looks there can be loads of hidden issues you wouldn’t see on your own.  If there are problems you can negotiate a better deal or walk away all together.  You agent can put you in touch with a qualified inspector.