Can I Still Sell My Home In the Winter?

By 179479 on Tuesday, November 27th, 2018 in Uncategorized. No Comments

Can I Still Sell My Home In the Winter?

 

Now that winter is officially here many sellers will be thinking they’re better off to wait it out until the spring.  Some sellers are misled to believe that properties don’t sell this late in the season, which is a common real estate myth.

 

The truth is that properties sell all year long. While there are differences between selling in the spring verses the winter, it can still be done.  Today we’re sharing with you what makes this season a great time to sell!

 

Less inventory.  With spring being the most desirable time to sell, it also brings higher inventory and more competition. The fall and winter months bring less inventory allowing you a larger window to stand out against your competition. Often inventory levels drop at this time of year as sellers take their home off the market for the holidays.  Sharp sellers see this as a perfect opportunity to capture a motivated buyer.  To be sure, it’s important to get ask your Realtor how much competition there is with homes similar to yours, as it can differ from one price point to the other.

 

Holidays bring out emotions.  What we appreciate most about selling now is that it’s a wonderful opportunity to showcase your home decorated for the holidays. The holiday season brings joyful memories, and what better opportunity do you have to create an atmosphere where buyers can envision their future family celebrating in your home? Drawing out these emotions allows your home to feel more warm and inviting, especially in the colder, dreary weather.

 

Motivated buyers. It’s likely you’ll experience fewer showings overall during the winter, but the quality of your buyers will be higher. Why else would someone look at your property in the dark, cold evenings unless they were motivated to buy?

 

Potential relocations. Relocations are most commonly seen at the start of a new year and into the first quarter, making this a great time to sell. These aren’t buyers who are ‘window shopping’ to help them ‘get a feel for the market’. They’re serious buyers who need to find a home now.

 

Share summer photos.  You don’t need the spring season to show case your beautiful yard when you have a great opportunity to share some summer photos of your home even though it’s winter. Buyers will appreciate your extra effort to help them envision what what they currently cannot see. And you can be sure most sellers won’t take this extra step so it’s one more way you can stand out.

 

Don’t put off what you can do today. If you think you’re ready to sell your home, or just want to talk with a local Realtor to see how your home compares to the current inventory, contact us today. You’re in the driver’s seat. The right time for you to sell is when you say you’re ready to move forward.

 

 

Jason Rustand with RE/MAX Real Estate serves with the highest level of integrity and excellence every time.  For more info on this topic or others follow Jason Rustand Team on Facebook and Instagram, call Jason direct at 780.919.0004, email jrteam@shaw.ca or visit WeSellLeduc.com

 


You’ve Got Mail

By 179479 on Wednesday, November 14th, 2018 in Uncategorized. No Comments

You’ve Got Mail

 

If you’re a researcher and are planning to buy or sell a home, you’ve likely spent lots of time on Realtor.ca getting to know what homes are for sale in what areas and at what price.

It can be a lot of fun in the beginning as you seek out a home search, however, after a while it can become a tedious chore trying to keep up with all the data.

 

Did you know that we have the ability to send you an email alert notifying you of any listing updates in the past 24 hours?

 

If you want to get the most out of your time and research, we highly recommend getting set up on an automatic email search.

 

How do you do that? It’s easy! Email or call your Realtor (or us if you don’t already have one), share your search criteria (how many bedrooms, bathrooms, garage etc.) and price range. We can set up a search on our MLS system that automatically emails you any time a property within your specific interests and price range comes onto the market. This includes brand new listings, those listings hat have expired and are back on the market, and any price changes to previous listings.

 

An auto email responder is most helpful when you are in one of the following three positions.

 

  1. You’re 3-6 months away from buying or selling. If you’re not yet ready to buy or sell, however you want to educate yourself on the market this is very valuable tool to use. That way you don’t feel like you’re using too much time while still staying current with market updates.
  2. You have very specific search criteria. Let’s say you need a 4-bedroom home above grade. Unless you find this kind of home, you have no reason to move. Because four bedrooms on the upper level is harder to find, setting up on an automatic search saves you a ton of time from sifting through all the 3-bedroom homes that simply will not fit your family’s needs. Or let’s say you don’t need to move but would love to be on a specific street backing a lake. In this case, you can set up in your search a ‘street name’ and only homes that come up for sale on that street will be emailed to you.
  3. The home you want is a ‘fast sell’. Properties that are lower priced, fully developed, renovated and with a garage are some of the fastest selling homes on the market. In some markets, they can sell faster than you can find them. This is why you want to know about these homes ASAP so that you can be among the first few potential buyers walking through the door.

 

Email alerts help you stay up to date, educated, focused and organized when buying or selling a home. They are a very valuable tool whether you’re in the market to buy, sell, or soon to do either. If you aren’t already committed to a Realtor and want to be set up on an automatic search, email, call or text us.  It is always our highest honour to help you in any way we can!

 

Jason Rustand with RE/MAX Real Estate serves with the highest level of integrity and excellence every time.  For more info on this topic or others related to real estate contact LIKE our Jason Rustand Team Facebook page, email jrteam@shaw.ca or visit WeSellLeduc.com.

 

 


Buyers Top 10 Wish List

By 179479 on Friday, November 2nd, 2018 in Uncategorized. No Comments

Buyers Top 10 Wish List

 

You probably know that to sell your home for top dollar, you want to have it cleaned, decluttered and staged exceptionally well. All of these are true, and today we’ll be sharing what we’ve experienced buyers are looking for when putting together their wish list.

 

  1. Modern, open kitchen. The kitchen is where people gather, and connection happens! Most new homes today offer large islands attracting conversation and laughter. An open design allows for people to gather in different spaces while still being in one large room.
  2. Bathrooms. With most families needing to get ready in the morning to head off to work and/or school, the number of bathrooms in a home hits high on wish lists. It is rare to see a family of 4, 5, or 6 willing and able to share one bathroom only. Master baths that provide retreat and spa like spaces have become increasing popular, particularly with newer homes.
  3. Storage. People tend to have more stuff than they need. Even when we don’t need more stuff we tend to keep buying more anyway. Buyers are always paying attention to how much storage is available. If you have small closets and want to create more space, consider contacting California Closets for a free consultation.
  4. Spare bedroom. Most families today need a minimum 3-bedroom home, however more and more we see buyers seeking out 4 and 5 bedrooms. In many countries two, three, even four siblings share a single room, however in Canada this is rare. Today’s families want every child to have their own bedroom and for some even their own bathroom.
  5. Upper laundry. In most modern homes the laundry area has been brought up to the main or upper floor, along with cabinets, counter space and sometimes even a sink. The more convenient the laundry space is for accessibility and function, the better.
  6. Home office or playroom. Depending if buyers are a young family or professionals they’re seeking an extra space for either a home office or playroom. Buyers want to see toys and to do’s tucked away in a designated space so that they can protect personal elements within their home.
  7. Energy efficient upgrades. When buyers are shopping older homes, they want to see energy efficient upgrades complete such as updated shingles, windows, high-efficient furnace, programmable thermostats, insulation, energy efficient appliances and more. As they put out a lot of money to purchase a home they want to add up monthly savings when and where possible.
  8. Sufficient garage space. With cold winters, buyers want to know there is sufficient space to park two vehicles and have a storage space for various outdoor games, maintenance items, tools and more.
  9. Outdoor living spaces. Buyers are looking for a home to feel like home both indoors and outdoors. Attractive outdoor spaces like a good-sized deck, patio furniture, a gazebo, privacy, trees and shrubs invite added appeal. As we transition into the winter months provide photos of your outdoor oasis so that buyers can envision what to anticipate all year long.
  10. Move in condition. With increased commitments, buyers have less time for cleaning and upgrading themselves. What a joy it is to find the right home that is also in ‘move in’ condition. Perhaps there are improvements the buyers would like to make in time, however nothing is an urgent need.

 

If you plan to sell your home and it does not have many of these top 10 items, not to worry. We work diligently to ensure the best features of your home stand out for all to see!

 

Whether you plan to buy or sell, if you’re in the market for a new home and don’t already have an integrity driven, professional Realtor working for you, feel free to call or email us. It’d be our honour to help you in any way we can.

 

Jason Rustand with RE/MAX Real Estate serves with the highest level of integrity and excellence every time.  For more info on this topic or others related to real estate contact LIKE our Jason Rustand Team Facebook page, email jrteam@shaw.ca or visit WeSellLeduc.com.

 

 

 


The right scents can help sell your home

By 179479 on Thursday, October 18th, 2018 in Uncategorized. No Comments

The right scents can help sell your home

Potential buyers walking through your home sense not only what they see, but also what they smell. You want to ensure the environment you provide is one of cleanliness, freshness, familiarity and warmth. This means you need to be intentional about the scents you choose. Many candles and sprays are loaded with chemicals, causing headaches in sensitive buyers. Therefore we recommend you choose simple, light and familiar scents that help to inspire buyers to be drawn into your home.  Today we’re sharing a few of our favorites with you.

 

Add citrus scents. Your kitchen is one of the most important rooms in your home. Most buyers will spend more time in your kitchen than any other room, which means it must be sparkling clean and needs to smell great.  Freshen it up with a mild lemon or orange cleaner and add fresh citrus fruits to your fruit bowl to match the scent.

 

Use essential oils. Burning or diffusing essential oils right before a showing is a healthy and natural way to scent your home. You want to use oils that appeal to most people. Avoid strong, polarizing scents and go instead with a relaxing scent like lavender or uplifting scents such as grapefruit or peppermint. If you don’t have a diffuser, add a few drops to your lamps’ light bulbs; when you turn them on for the showing, the heat will release the scent into the room!  If you’d like more info or to order some oils, feel free to contact our friend Larissa Boettcher at 780-966-1703.

 

Add vanilla. Vanilla is one of those scents that almost everyone loves. Make your prospective buyers feel at home by leaving carefully hidden, open containers of vanilla extract around the house.  As the alcohol evaporates, the pleasant vanilla aroma lightly accents the room. If this is a little risky due to children or pets finding them, add a touch to your light bulbs and turn your lights on for your showing.

 

Boil cinnamon. In the fall and winter months, put on a pot of water to boil. Throw in a couple of sticks of cinnamon, and let it simmer on low an hour before your showing begins. Your home will smell spicy and warm, like you’re getting ready for the winter holidays.

 

Use Pine. With the holiday season just around the corner, many buyers will love the fresh pine scent of a Christmas tree when they walk in. If you’re going to put up a tree this year, choose a live tree over an artificial one. The wonderful scent of fresh pine will fill your home, and put potential buyers and guests in the holiday spirit.

 

Set out flowers. Flowers release a wonderful light fragrance into the room and set a good vibe. They represent life and beauty, inspiring potential buyers to lean in and take a full breath, producing a sense peace and calmness.

 

While all these scents can help sell your home, remember to keep your preferred choice light and natural. Too strong or complex of a scent can be just as distracting as a bad odour.

 

If you’re considering selling or buying a home, feel free to call or text me at 780-919-0004.  It is always our highest honour to serve you in any way we can!

 

 

Jason Rustand with RE/MAX Real Estate serves with the highest level of integrity and excellence every time.  For more info on this topic or others related to real estate contact LIKE our Jason Rustand Team Facebook page, email jrteam@shaw.ca or visit WeSellLeduc.com.

 

 

 

 

 

 

 


Pet odours can chase away potential buyers

By 179479 on Friday, October 5th, 2018 in Uncategorized. No Comments

Pet odours can chase away potential buyers

 

While our beloved pets make great companions, they can also bring an odour that turns potential buyers away. You may not even be aware your home has an odour, as our noses have the ability to adapt and be less sensitive to smells around us. It’s wise to ask your Realtor to give you an honest assessment of the smell in your house, and if needed take immediate measure to neutralize them, so that you can then add fresh scents.

 

Absorb odours. Before adding any scents to your home, you want to start by neutralizing any odours. Baking soda absorbs odors, thus neutralizing less pleasant scents. Simply sprinkle some on your carpets, and furniture. Let it sit for an hour and then vacuum it up. Coffee grinds and dry oatmeal also help to absorb odours. You can add either to a shallow bowl or Tupperware container and place around your house.

 

Wash and wipe.  Scrub all floors, walls, baseboards and other hard surfaces with vinegar and water, another great neutralizing solution. Because pet odours seep into fabrics, ensure all linens, drapes, cushions and pillows are cleaned. Some can be thrown into the washing machine, while others need to be dry-cleaned or steam cleaned.

 

Remove odours. If odours are still present, consider bringing in The Ozone-Pros. Their unique treatment process removes odours in a safe and efficient way that sanitizes, deodorizes and disinfects the indoor air in your home. They guarantee their services whether working with cigarette smoke, mold/mildew, pets or ethnic food.  See more at ozone-pros.com

 

Let fresh air in.  We’re limited on how much longer we can leave windows open for as the winter draws nearer and nearer. When possible, open windows, especially prior to showings to allow fresh air to circulate through and drive pet smells out.

 

Professional cleaning. Some odours are embedded enough into the fabric of furniture and carpets that they need to be professionally cleaned. Carpet cleaning companies offer powerful deodorizing solutions where for an added fee they can ensure your carpets and furniture not only look great, but smell great as well. Some companies even guarantee their services where if you can still smell the odour, they will come back to redo their work.  We’ve worked with Alberta Carpet Cleaning a few times and have been very pleased with their service and pricing.

 

Extreme measures. Depending on the severity of the odour, more extreme measures may need to be taken. For example, some flooring may need to be replaced. If doing so, take the time to scrub the subfloor with a vinegar and water solution to remove the odour before laying down new flooring.  You may also have to repaint or replace walls.

 

Relocate your pet(s). Once your home is free of pet odours, do what you can to keep the smells from returning.  If your pet has a best friend it can stay with while you’re selling your home (and you can stand to be separated from your pet), consider sending your pet on a temporary vacation. If your pet has to stay, remove him or her from the house for showings, put away their dishes, bed(s), crate, toys etc.

 

After odours have been neutralized, you then want to add the right scents to help draw buyers in to want your home. Check back next week, as we’ll be discussing what smells help to sell your home.  If you’re considering a move, and don’t already have a Realtor, feel free to call us at 780-980-2828 or email jrteam@shaw.ca. It’d be our honour to help you in any way we can.

 

Jason Rustand with RE/MAX Real Estate serves with the highest level of integrity and excellence every time.  For more info on this topic or others related to real estate contact LIKE our Jason Rustand Team Facebook page, email jrteam@shaw.ca or visit WeSellLeduc.com.

 

 

 

 

 

 

 

 


7 Habits of Highly Effective Home Buyers – Part 2

By 179479 on Thursday, September 20th, 2018 in Uncategorized. No Comments

 

7 Habits of Highly Effective Home Buyers – Part 2

 

If you enjoy Leadership books, Steven Covey’s 7 Habits of Highly Effective People is a fantastic book! A few notable quotes from the book include:

 

“At some time in your life, you probably had someone believe in you when you didn’t believe in yourself.”

“How you treat the one reveals how you regard the many, because everyone is ultimately a one.”

“When the trust account is high, communication is easy, instant, and effective.”

 

Last week we covered Steven Covey’s first three habits, which included be proactive, begin with the end in mind, and put first things first. If you missed the article, visit our blog at WeSellLeduc.com.  This week we’re finishing up with the next four habits.

 

Habit #4: Think WIN WIN

Covey’s habit #4 thinking WIN WIN is about finding solutions that work for everyone involved, especially when it comes to negotiating on a property. During negotiations nobody wants to feel cheated or mistreated. If you enter negotiations with little to no flexibility, you’re likely to experience more resistance and push back from the other party.

Seeking WIN WIN starts with knowing what elements of your offer have more negotiating room. It’s possible these elements will line up favorably with the seller, and when they do, they’ll be more inclined to offer what’s more important to you as well.

Before you can get to an offer, you want to be thinking WIN WIN with the person you’re buying a home with. It makes it difficult, and if not impossible to know when you’ve found the right property when you’re not on the same page. Discuss in advance what features are most important to each of you and bring forward those that are the same. Any features that are different, determine on a scale of 1-10 exactly how crucial they are to you.  Those that rate an 8+ again would be brought forward to be a part of your property search. Any features that rate lower on the scale, you may choose to dismiss since they aren’t as high of a priority.

 

Habit #5: Seek first to understand, then be understood

When given the opportunity, we all want to share ‘good’ advice. There are times though that the advice doesn’t line up with the situation at hand. Good real estate advice can change depending on the market, the season, how many homes are for sale, pricing and more. Before seeking to be understood, it’s wise to meet with your Realtor to have a better understanding of the market within your price range and the buying process.  Ask as many questions as needed to gain added insight so that when you find the right home, you’re more prepared and confident to take the next step towards making an offer.

 

Habit #6: Synergize

Ken Blanchard, co-author of The Leadership Pill says, “”None of us is as smart as all of us.” When buying a home, you could do it all on your own, investing a lot of time and money, hoping for the best, or you can hire a team of professionals who are committed to working on your behalf. This extends beyond hiring a Realtor. You also want a home inspector, mortgage specialist, lawyer and beyond to support your home purchase. Depending on the results of your property inspection, you may have to hire a mold specialist, foundation specialist or an engineer to further investigate the property. As a Realtor I can offer real estate advice, however beyond that I provide a better service to you by referring you to trusted professionals in other fields who know their industry best. This way you’re supported with the most effective advice and support from start to finish.

 

Habit #7: Sharpen the saw

Covey’s 7th habit is about learning and growing along the way. If this is your first home buying experience it will likely feel overwhelming. There is so much to learn in a short period of time.  You may even experience a few unexpected bumps along the way.  Thankfully with the right support, you’ll be learning and growing from the entire experience to be better prepared the next time you buy a home, even if it’s 5-10 years away.

 

With these 7 habits being put to work, you’ll be a highly effective homebuyer in no time! Whatever it is that we can do to help, our team is excited to support you. Whether it’s as simple as answering questions about the market, setting you up on an automated property search, or helping you find the right home, we’re here for you!

 

Jason Rustand with RE/MAX Real Estate serves with the highest level of integrity and excellence every time.  For more info on this topic or others related to real estate contact Jason direct at 780-919-0004, LIKE our Jason Rustand Team Facebook page, email jrteam@shaw.ca or visit WeSellLeduc.com.

 

 


7 Habits of Highly Effective Home Buyers – Part 1

By 179479 on Thursday, September 13th, 2018 in Uncategorized. No Comments

7 Habits of Highly Effective Home Buyers – Part 1

 

We all want to succeed, especially when it comes to finding the right home. One path to success is identifying the habits that will help us get there. Just like how there’s no quick fix to building our integrity, there is no quick fix to finding the right home.  Many steps must come into place before this dream can be realized.

 

In the next 2 weeks, we want to share with you the 7 habits of highly effective home buyers. Buying a home is like planning a wedding in that various elements need to be organized before you’re ready for the big day.  Even if you don’t plan to buy for a few months, there are still steps you can put into place today to ensure you’re ready when the time is right.

 

Habit #1: Be proactive

In every market you can find properties that are priced well.  You want to have all of your finances lined up in advance, so that you’re in a position to make an offer when you find the right property. This means getting a mortgage pre-approval now. There are a few reason this is so valuable. First of all, most mortgage specialists can do a rate hold for up to 90 days. As rates continue to be amongst the lowest we’ve seen you want to ensure you’re getting the best opportunity possible. Also, your ability to qualify is highly dependent on your credit rating. If needed, you want to discuss strategies with your mortgage specialist to help build your credit so it’s in good standing when it’s time to apply for a mortgage. Lastly, before you start shopping for a home, you need to know how much of a budget you have to work with. This is especially true with the updated mortgage qualifications which require all buyers with less than 20% down be qualified at a higher rate vs. posted rates.

 

Habit #2: Begin with the end in mind

Before you set out to buy the best looking home in your price range, you want to ask a few key questions such as: How long do we plan to live in the property? Do our current wants support our future goals? For example, if you plan to get married, have children, or start a home based business; will the property you buy today still support these future goals? Do our wants and price point support the lifestyle we want to have? For example, based on your total housing expenses can you still travel, go for dinner, a movie or concert? Can we buy spontaneous gifts for others or ourselves? What neighborhood(s) are we drawn to and why? Is proximity to schools, playgrounds, transportation, or shopping important today and 5+ years from now?

 

Habit #3: Put first things first

Now that you’ve determined your budget and know what kind of a property will support your future, you want to get a realistic idea of what’s in the market. Thankfully you can do as much research as you desire from the comfort of your own home. You can search MLS.ca or visit our website at WeSellLeduc.com. You can drive around neighborhoods and inquire about local schools. To gain added perspective about schools feel free to visit Leduc Mamas Facebook page and ask what schools parents have enjoyed and why. You can visit open houses and show homes. One of the best things you can do is get set up on an automated property email list. This is a service provided by a Realtor where you’re automatically emailed any new properties that come to market in your search criteria. If you don’t already have a Realtor offering this service to you, feel free to contact us and we’d be most happy to get you started.

 

Be sure to check back next week for the remaining habits of highly effective home buyers.  Whatever it is that we can do, our team would be honoured to help you! Whether it’s as simple as answering questions about the market, connecting you with the right mortgage specialist, setting you up on an automated property search, or helping you find the right home, we’re here for you!

 

Jason Rustand with RE/MAX Real Estate serves with the highest level of integrity and excellence every time.  For more info on this topic or others related to real estate contact Jason direct at 780-919-0004, LIKE our Jason Rustand Team Facebook page, email jrteam@shaw.ca or visit WeSellLeduc.com.


How to Determine Your Offer Price

By 179479 on Friday, September 7th, 2018 in Uncategorized. No Comments

How to Determine Your Offer Price

 

Last week we reviewed 5 questions to help you know if you’re ready to make an offer on a property.  If you missed that article, you can see it on our blog at WeSellLeduc.com.  Once you know you’re ready, the next question always is, “How much do we offer?” Today we’re talking about 5 key factors that will help you determine your offer price.

 

  1. Comparable properties. Before writing an offer, it’s wise to have your Realtor perform a CMA (Comparative Market Analysis) to confirm what comparable properties are selling for in the neighborhood. This will help you determine a fair purchase price to settle on, however that doesn’t necessarily equate your offer price.  After receiving their Realtor’s advice, some buyers will set their offer price at 2-5% less than their expected purchase price. Others will offer what they’re willing to buy the property at. It becomes a one-time offer where the seller can choose to accept it, counter it, or reject it. We also see a smaller pocket of buyers who will offer a much lower price. A low offer can be justified when the property is listed higher than market value. However, when a property is already listed at a fair price, you risk the seller(s) not wanting to work with your offer at all when you offer too low.

 

  1. How many other properties meet your criteria? With a lot of competition, we experience a ‘buyer’s market’, which allows you to offer less. Keep in mind there are likely many other buyers in the market with a similar search criterion, especially when you’re looking within a lower to mid-price range. Currently in our market, the competition is stronger with those detached properties priced under $400,000 compared to those priced higher than $450,000.

 

  1. Days on market. If a property is new to the market, it’s unlikely the seller will negotiate a lot from their asking price.  From a seller’s perspective, they’ve probably had a fair number of showings, and they simply aren’t that motivated yet. On the other hand, when a property has been for sale for 3 months or more, motivation tends to increase. This is particularly true as showings become less frequent the longer a property has been on the market.

 

  1. Price reductions. If a motivated seller hasn’t sold their property in the first 30-60 days, they’ll likely consider reducing their list price. With a new price, comes exposure to new buyers, which means there could be increased competition. In this case, if the property is now at or below market value, we’d advise against offering too low of a price.

 

  1. Knowing a seller’s motivation is a strong indicator of how much to offer. This is one of the reasons why as professional Realtors we are to keep all personal information confidential. As a buyer, if you discover the sellers are going through a divorce or financial hardship, you may be inclined to offer less because you know their motivation is very high. This is also true for a relocation or if they’ve already bought another property. If on the other hand, the sellers are thinking about upgrading, but only if they get the right price, then you can clearly see the motivation is much less.

 

You can be assured that when you have a professional, integrity driven Realtor working for you, he or she will do everything in their power to help you achieve the best price on your future home.  Our community has many great realtors to choose from. If you don’t already have one, feel free to contact us today.

 

Jason Rustand with RE/MAX Real Estate serves with the highest level of integrity and excellence every time. For more info on this topic or others related to real estate, LIKE our Jason Rustand Team Facebook page, call us direct at 780-980-2828, email jrteam@shaw.ca or visit WeSellLeduc.com


Answer These 5 Questions Before Making An Offer

By 179479 on Friday, August 31st, 2018 in Uncategorized. No Comments

 

Answer These 5 Questions Before Making An Offer

 

Searching for the right home can bring out stress and indecision in all of us. You found the home you love, but it’s a little more than you were hoping to spend. The location is perfect, but you’re not sure about the bright green bedroom. So how do you know if you’re ready to make an offer? Answer the following questions to give you more certainty.

 

Does it fit my budget?

With the increased cost of housing over the past decade, it doesn’t take much for one to become “house poor”. If you haven’t heard of the term before, it’s when people spend a large portion of their income on their home, and have only a small portion left to live on.  Sure, they may be able to budget their bills and groceries, but if major expenses haven’t been accounted for, credit becomes the most viable resource.

 

So how do you know if it’s a manageable payment for you? Early in your research, determine what price point you’d like to spend. Visit a Mortgage Specialists’ or lender’s website to work out your average monthly payment based on the posted 5 year rates. Then, practice your new payments. Whatever is in excess to what you’re currently paying simply set that amount into a separate account. You’ll likely find these savings to be extra helpful to cover the cost of a property inspection and/or legal fees later.  If the additional expense is easily manageable, then you’re probably ready to write an offer within that price range.

 

Is the property listed for more than it’s worth?

We’ve seen many people over the years owe more on their home than it’s currently worth. This is quite devastating as it leaves a homeowner without options if they want to move. Hire a professional Realtor whom you can trust, and who will show you comparable properties to ensure the property is listed for market value. If it’s a fair asking price and you feel it’s the right home, then it makes sense to make an offer.

 

How is the location?

We’ve said it before that the one thing you cannot change about a property is the location. Ask yourself the following questions: How is our commute to work, school, shopping etc? Is the neighborhood safe and a good fit for us? How are the neighbours? If you feel good about these answers then it’ll likely a good location for you to consider.

 

How much work is needed?

Before starting your property search it’s a good idea to determine how much time and money you’re willing to put into a property. Many couples admit that major renovation projects nearly ruined their marriage. It’s inconvenient and often difficult to live through home improvements. Before making an offer, carefully assess the property’s condition, and estimate how much time and money you’re willing to invest. Give yourself at least an extra 15% margin for unexpected costs to show up.

 

What’s your gut telling you?

Can you envision yourself in the home? Are you excited about the possibility ahead? Does it feel right? Trust these instincts. If it feels like it’s the right home, then it likely is. If you’re going back and forth, feeling uncertain, then you may want to take a little more time to think it through before making an offer.

Do you have questions about the market? Are you planning to buy or sell a home? Contact us today! We’d be happy to answer all your questions, and when you’re ready, we’ll do everything we can to help the process be as smooth and enjoyable as possible.  It is always our highest honour to serve you!

 

 

Jason Rustand with RE/MAX Real Estate serves with the highest level of integrity and excellence every time. For more info on this topic or others related to real estate, LIKE our Jason Rustand Team Facebook page, call us direct at 780-980-2828, email jrteam@shaw.ca or visit WeSellLeduc.com

 


5 Steps to Ease the Stress of Selling Your Home

By 179479 on Friday, August 3rd, 2018 in Uncategorized. No Comments

5 Steps to Ease the Stress of Selling Your Home

 

Whether this is your first sale or your fifth, selling your home is one of the most stressful things you’ll endure. Staying hopeful and positive as you navigate this challenging process is imperative.

 

Here are some simple yet useful ways to help you ease the stress while selling your home.

 

  1. Hire a local, integrity driven Realtor. Hiring a local real estate agent means you’re working with someone who knows and understands the market they’re working in. Having a Realtor work for you helps reduce emotions during negotiations and lessens the risk of offense. A Realtor can also make suggestions on how to present your home, offer professional (and experienced) advice to ensure everything goes as smoothly as possible.

 

  1. Declutter your home. Decluttering is something we talk about again and again because it’s crucial during the sale. You want buyers to see your home, not how full of stuff it is. Before listing your home, get rid of things you won’t be bringing with you to your new home.  Always have dishes done, counters and floors cleaned, closets half full, laundry and vacuuming done and clean the bathrooms thoroughly. If this feels like too much, you may consider hiring a professional cleaner during your sale process.

 

  1. Plan day trips or a vacation. Planning a vacation as soon as your house hits the market will bring tremendous freedom. The first few weekends a house is on the market is typically when it has the most showings. Allowing your home to be easily accessible without you having figure out what to do each day could be invaluable to your selling process. Plan a day trip or an all-day activity such as heading to the beach, a mall or a weekend getaway. Think of this time as an investment in your personal well-being by lessening cleaning, scheduling and stressing.

 

  1. Maintain a healthy lifestyle. One of the best ways to ease stress when selling your home is adapting and maintaining a healthy lifestyle. Get plenty of sleep and exercise, eat healthy foods like fruits and vegetables, nuts, seeds and lean proteins that increase energy and clarity. Walk for 30-60 minutes each day or take your kids to the park and have quality time together. These added efforts will keep you physically, mentally and emotionally healthier, improving how you respond to potential stress.

 

  1. Accept the facts and be flexible. Any change in routine can increase stress. The longer your house is on the market, the more cleaning, showings, accommodating, scheduling etc. you will endure. Selling a house takes time so you want to have realistic expectations. Your property may realistically have more wear and tear compared to your competition. Your home may be worth less than you thought it was. Knowing the facts and being flexible will help alleviate the stress you’re already experiencing. Stay positive, hopeful and trust the process! When you hire an integrity driven Realtor who knows the local market, he or she will be honest about what you need to know even if when it’s difficult to hear.

 

Do you have questions about the market? Are you planning to sell or buy a home? Contact us today! We’d be happy to answer all your questions, and when you’re ready, we’ll do everything we can to help the process be as smooth and less-stressed as possible.

 

Jason Rustand with RE/MAX Real Estate serves with the highest level of integrity and excellence every time.  For more info on this topic or others related to real estate contact LIKE our Jason Rustand Team Facebook page, call Jason direct at 780.980.2828, email jrteam@shaw.ca or visit WeSellLeduc.com.

 

Referenced from https://www.ylopo.com/blog/2017/11/28/6-of-the-best-ways-to-manage-stress-when-selling-your-home