Welcome to Mississauga Condos & Etobicoke Condos
September 4th, 2010 
Mississauga Condos & Etobicoke Condos listings. Real estate information. Richard Nestorovic
Sales Representative

Re/Max Professionals Inc., Brokerage
Sellers Tips

Sellers Tips

14 IMPORTANT FACTS TO CONSIDER BEFORE YOU TRY TO SELL YOUR OWN HOME 
Occasionally, one can see "For Sale By Owner" signs, and some owners think that selling their own home will not only save them money, but believe they have an advantage over the sellers that have their home listed by a reputable Real Estate sales professional. Before you decide to take on this very important and legally complicated process…remember not even most Real Estate Lawyer's recommend selling your own home yourself in today's market. Here are a few of the reasons why:

1. You are limiting your exposure to potential buyers (less than 10% of what a good real estate broker will generate) which theoretically means your home will take ten to fifteen times longer to sell on the market.

2. The longer a home is on the market the lower the selling price is. Why? Because most buyers think that if the home has not sold after this long... there must be something wrong with the home.

3. The selling/buying process begins AFTER the buyer leaves your home. Most sellers think that all it takes is for someone to see their home, fall in love with the great decor... and the offer automatically will follow. Remember that the buying process begins after they leave your home. If a real estate sales representative does not represent the buyer, and they are looking on their own…they usually leave the home and start to talk themselves out of the buying process. Real estate professionals are trained on how to overcome buyers remorse--a very common occurrence.

4. Because of the limited exposure you will very likely end up with a lower selling price. Remember, in order to generate the highest price possible for your home… selling means exposure. You need the maximum exposure possible, to generate the highest price possible.

5. Most buyers find it extremely awkward to negotiate or even to talk directly with sellers and therefore avoid FSBO properties.

6. Lack of negotiating experience and lack of pertinent information often will result in a lower selling price, or worse yet, a bungled contract and possible lawsuits.

7. The majority of qualified buyers are working with experienced real estate professionals.

8. Many serious buyers will pass by a FSBO home merely because they recognize that it is not in the real estate mainstream, this can some times make them wary.

9. As most local buyers now retain an experienced real estate sales person to represent them as their buyer-agency, you will probably be negotiating against an experienced professional.

10. Expected savings in broker's fees will also be greatly reduced if you offer a selling commission to entice real estate sales representatives to bring potential buyers.

11. If you are planning to use a Lawyer to help you negotiate the offer, then your lawyer's fees will be considerably higher.

12. Only real estate sales representatives have access to the up-to-date market information. News reports cannot approach the timeliness or specificity available to real estate sales people. Further, real estate sales representatives are involved in home sales much more frequently than the average homeowner is. This familiarity leads to a degree of expertise that provides an edge on negotiating and successful selling.

13. You only pay the commission to the real estate broker, if they successfully sell your home at the price you are happy with.

14. Accepting an offer is one thing, ensuring a safe and successful closing is quite another. Real estate transactions usually always have problems on closing. At times, expecting the Buyers and Sellers Lawyer's to fight it out or resolve the problems, can sometimes mean the deal is lost. This is the time that your experienced real estate professional, can be the most important. Your Real Estate professional can act as a great mediator. Lawyers MUST act only on their client's instructions and are not paid to negotiate.
 
ADDING CURB APPEAL WILL SELL YOUR HOUSE FASTER! 16 HOUSE SELLING TIPS  
When selling your home, the goal is to sell it quickly at the highest price while investing as little as possible in renovations. With a limited budget and a little effort, you can greatly increase your home's appeal by focusing on what buyers will see on the first visit.

If they don't like what they see outside, they'll never walk inside. Curb appeal can often mean the difference between a house sitting for months or selling in the first week.

The view from the street can net you more traffic than you might think. Eighty-four percent of all home buyers use the Internet to shop for a new home, according to 2006 figures from the National Association of Realtors.

First impression is key. People shopping on the Internet give it one look. If they don't like what they see, that's it.

Here are a few tips to help you prepare your house for sale:

Tip #1: Refresh the Exterior

First impressions count when it comes to selling a home. A majority of buyers will not even get out of their car if they do not find the exterior appealing. The best way to improve your exterior includes:

    * Repairing and/or replacing trims, shutters, gutters, shingles, mailboxes, window screens, walkways, and driveway.
    * Painting siding, trim and shutters, and lamp and mail box posts.
    * Pressure washing vinyl siding, roofs, walkways, and driveway
    * Washing windows.

Tip #2: Tidy Lawn and Landscape

Home buyers associate the condition of your lawn and landscape with the condition of your home interior. The best way to enhance the yard includes:

    * Mowing and edging your lawn.
    * Seeding, fertilizing, and weeding lawn.
    * Trimming and/or removing overgrown trees, shrubs, and hedges.
    * Weeding and mulching plant beds.
    * Planting colorful seasonal flowers in existing plant beds.
    * Removing trash especially along fences and underneath hedges.
    * Sweeping and weeding the street curb along your property.

Tip #3: Create An Inviting Entrance

The front door to your home should invite buyers to enter. The best way to improve this includes:

    * Painting the front door in a glossy, cheerful color that compliments the exterior color.
    * Cleaning and/or replacing the door knocker, locks, and handles.
    * Repairing and/or replacing the screen door, door bell, porch light and house numbers.
    * Placing a new welcome mat and a group of seasonal potted plants and flowers.

Tip #4: Reduce Clutter and Furniture

A buyer cannot envision living in your home if they cannot see your house. A home filled with clutter or even too much furniture distracts buyers from seeing how they can utilize the space your home offers. If you have limited storage space, you may want to consider renting a temporary storage unit to place items you wish to keep. The best way to improve your home includes:

    * Removing clutter such as books, magazines, toys, tools, supplies, unused items from counter tops, open shelves, storage closets, garage and basements.
    * Storing out of season clothing and shoes to make bedroom closets seem roomier.
    * Remove any visible damaged furniture.

Tip #5: Clean, Clean, Clean

The cleanliness of your home also influences a buyer's perception of it's condition. The appearance of the kitchen and bathrooms will play a considerable role in a buyer's decision process, so pay particular attention to these areas. The best way to improve this includes:

    * Cleaning windows, fixtures, hardware, ceiling fans, vent covers and appliances.
    * Cleaning carpets, area rugs, and draperies.
    * Cleaning inside refrigerator, stove, and cabinets.
    * Removing stains from carpets, floors, counters, sinks, baths, tile and grout.
    * Eliminating house odors, especially if you have pets.

Tip #6: Make Minor Repairs

The small stuff does count, especially with first time home buyers. Without dismissing the importance of repairing major items such as a leaking roof or plumbing, you do not need to spend money on replacing these items. Instead, focus on the minor repairs that make your home visually appealing. The best way to improve your home includes:

    * Repairing ceilings and wall cracks.
    * Repairing faucets, banisters, handrails, cabinets, drawers, doors, floors and tile.
    * Caulking and grouting tubs, showers, sinks and tile.
    * Painting ceilings, walls, trim, doors and cabinets.
    * Tightening door handles, drawer pulls, light switches and electrical plates.
    * Lubricating door hinges and locks.

Tip #7: Showcase the Kitchen

The heart of any home is the kitchen. If you are going to spend any money on renovations, this is the one area where you will see the greatest return. Even with a modest budget, focusing on a few key areas can make a great difference in getting the asking price for your property. The best way to showcase the kitchen includes:

    * Replacing cabinet doors and hardware.
    * Installing under cabinet lighting.
    * Replacing light fixtures.
    * Replacing outdated shelving with pantry and cabinet organizers to maximize space.

Tip #8: Stage Furniture

Furniture placement can enhance the space of your home while giving buyers an idea of how to best utilize the space with their own belongings. Take some time out to rethink how different areas in your house could be used. Some ideas to think about includes:

    * Moving couches and chairs away from walls in your sitting and family rooms to create "cozy conversational groups."
    * Creating a reading corner in the master bedroom.
    * Clearing an empty room to setup a reading space.
    * Turning an awkward space into a home office.

Tip #9: Light Up The House

Create a sense of openness and cheerfulness in your home through lighting. To improve the lighting try:

    * Opening shades and drapes to let the sun shine warm and brighten rooms.
    * Installing brighter light bulbs in rooms that tend to be dark.
    * Adding additional lamps for ambient lighting.

Tip #10: Freshen up the Garage or Workshop

    * Items should be neatly stored in shelving or wall units.
    * Allow appropriate space for the homebuyer to visualize their vehicle or workbench.
    * Consider moving excess or over-sized items to mini-storage.

Tip #11: Add Natural Touches

You can easily add color and style to your home by placing fresh flowers and fruit bowls throughout it. Some ideas to consider includes:

    * Placing fragrant arrangements in the entry and master bedroom.
    * Placing bowls of bright colored fruit in family room and kitchen.
    * Filling an empty corner with a potted leafy plant.
    * If you have room, go for the traditional two large planters, one on either side of the door or walkway. Fill them to overflowing with flowers if it's spring or summer or evergreens in the cooler months. This will create a focal point, forcing home buyers to focus on one area rather than the whole home at once.

Tip #12:  De-personalize.

Remove objects that your potential buyers won't be able to identify with. For example, political and religious items may turn off whole groups of buyers, because they cannot "imagine" your home as their home. Buying a home is an emotional decision, and you want potential buyers to make an emotional connection with your home by being able to "see" themselves in it.

Tip #13:  keep your pets under control

Always keep your pets under control. Try confining them to a specific area. Although you may love your pets, they can be off-putting to other people, and smells can be offensive, so make sure there are no lingering odours in furniture or flooring, and if there is, get them cleaned before you sell.

Tip #14: Fit into the community.

If there are tons of kids in the neighborhood, it's OK to have a bike in the yard. Not so if your neighborhood is mostly retirees. Keep your audience in mind as you show your house.

Tip #15: Don't Forget the Rear View

Buyers doing a drive by will try their best to see your back yard. If it's visible from another street or from someone's driveway, include it in your curb appeal efforts.

Tip #16: Evening Curb Appeal

Do your curb appeal exercise again at dusk, because it isn't unusual for potential buyers to drive by houses in the evening. One quick way to improve evening curb appeal is with lighting:

    * String low voltage lighting along your driveway, sidewalks, and near important landscaping elements.
    * Add a decorative street lamp or an attractive light fixture to a front porch.
    * Make sure lighting that's visible through front doors and windows enhances the home's appearance.

Cosmetic changes do not have to be expensive. In fact, costly home improvements do not necessarily offer a good return on your investment when you sell. It’s attention to the basic, anything that says “this home has been carefully maintained”, that will help you get the price you want.




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