Charlie Veaudry

Serving you with passion!

 

When you're selling a home, the elbow grease you put into keeping it clean and neat can come with an added bonus: a quicker sale. Even though most homeowners wouldn’t dream of leaving dirty dishes in the kitchen sink or clothes on the bathroom floor when potential buyers will be coming by, there are five areas of the home that often get overlooked.


1. The garage. 

To make your garage show well, get rid of everything you don’t need and organize the rest. Hang your tools neatly on a pegboard, arrange paint cans on shelves and suspend holiday decorations from racks attached to the ceiling. This helps the space shout “storage solutions!” to buyers who crave them. Give the space a thorough cleaning, and you’re ready to throw open the doors and entice garage-hungry buyers.


2. The backyard. 

Don’t miss the opportunity to wow buyers who want an eye-catching, outdoor living space. Clean the barbecue and set the patio table for guests. If you have a hot tub, run it and leave the top off to allow guests to picture themselves taking a long, hot soak. If you do nothing else, give your backyard a thorough cleaning. Hose down the patio, mow the lawn, rake the leaves, replace dead plants and pick up pet droppings.


3. The closets, cupboards and drawers. 

If you could be a fly on the wall during an open house, you’d be amazed at the number of people who open drawers and cupboards. Sure, some of them are just being nosey, but others want to see how much space they offer. Remove as many items as possible from closets, cupboards and drawers. Invest in shoe racks to keep the closet floors clutter-free. Use drawer dividers to separate items as needed. Clean your cupboard shelf surfaces, especially those in the kitchen, to remove dust and food residue. Fold linens and towels and stack them neatly in the linen closet.


4. The laundry room. 

Soapy shelves, dryer sheets littering the floor and piles of dirty laundry on top of the dryer are all signs of a well-used laundry room. Unfortunately, these are turnoffs for buyers. Store the detergent and other cleaning supplies in bins or baskets lined up neatly on the shelf. Clean lint and dust off the walls and wash down the washer and dryer.


5. The appliances.

Most owners shine up the fronts of their appliances before listing their homes, but they forget about the interiors. Whether appliances are included in the sale or not, folks will open them to take a peek inside. If anything inside of your refrigerator looks more like a science project than yummy leftovers, throw it away. Wipe down the walls and clean the produce bins. Come to think of it, don't forget the top of the refrigerator, too. A lot of dust can collect up there. Give the stove and oven the same treatment, wiping off accumulated grease and baked-on food.


House hunters know the minute they walk in the door if they want to see more of the home. If they feel like they should be wearing a hazmat suit, they won’t stick around. A clean house gets them excited about taking a tour and possibly making an offer. And for the cleaning, make sure everyone does their fair share!

 

Original article courtesy of RE/MAX Housing Blog from Monday, November 24 2014

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If you’re getting ready to sell your home, you want to get the most money for your investment, right? One of the key factors that will sell your home is price, and having a sound pricing strategy is a must if you want to find the right buyer.

 

Here are six common pricing mistakes all sellers should avoid.


1. Overpricing from the start

You might think your home is the best on the block and should command a price relative to the value you see. Wrong. You have to appeal to the value homebuyers see. Overpricing your home at the onset could leave out strong potential buyers, especially if recent sales and other factors in your neighborhood don’t justify your listing price. You also run the risk of needing multiple price reductions, which keep your home on the market that much longer.


2. Leaving out potential buyers in online searches

Entering a price range is the first search parameter most homebuyers use to narrow down their options. If a buyer’s price range is, say, $250,000 to $300,000, they won’t see your home if it’s listed at $305,000. It might make sense to list it right at $300,000 so that you capture potential buyers in the ranges above and below. Ultimately, this is up to you and your agent, but the range your home's price falls into is certainly worth thinking about – especially if you're teetering between price ranges anyway.


3. Not considering recently sold properties

To arrive at a listing price that will generate buyer interest, you can’t base your price solely on the prices of other homes in your area that are listed for sale. You also need to consider recent sales in your neighborhood and the final sale prices. An experienced agent can provide you with information on recent sales to help you see the bigger picture.


4. Getting too creative with your asking price

Make it easy for buyers and pick round numbers. Listing a home for $512,477, for example, will give potential buyers pause about your intentions and divert attention from your property to you, as the seller. Maybe it's best to save the creative juices for the property description.


5. Not being open to negotiation

The quickest way to kill a sale is to dig in your heels on asking price before the for-sale sign even goes in the yard. Negotiation is a two-way street, and if you refuse to budge on pricing or other conditions, you might be in for very bumpy (and long) ride. Ask yourself: Is it more important to get full asking price, or can you make a few concessions to find common ground that will ensure a closed sale?


6. Ignoring your agent’s insights

The best route to the right price starts with picking a great agent and then listening to his or her advice. Your agent will look at your situation from all angles – your home's features, the local market, recent sales and more – to help you make an informed decision about pricing.

 

Courtesy of RE/MAX Housing Blog from Tue, November 4 2014

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The strongest fall market we have seen in the last 6 years continues with rising sales, falling inventory and prices firmingup and continuing to move solidly into a Seller’s market. It is the right time to get your home sold. Looking at the early November month-to-date numbers, the strong fall market should continue with sales continuing to out pace November 2013 month-to-date.


Sales - The total sales for the 12 months ending October 2014 rose to 1,013, up 33% from the 12 months ending October 2013 and the highest volume of sales in the last 7 years since 2007.


Inventory - The average monthly inventory of single family homes dropped down 11% to 565 for the last 12 months ending in October 2014, the lowest average inventory we have seen in the last 7 years. Inventory has not been this low since 2007, the year before the start of the recession triggered by the US banking crisis.


Prices - Average median prices continue to rise slowly. At $344,517, average median prices for the last 12 months ending in October 2014 rose 3.4% over average median prices for the 12 months ending in October 2013. This increase is for average median prices across the board and is largely due to the fact that prices on higher end homes have been reduced so much (some as much as 25%) that sales of higher priced homes are now starting to recover. This is causing the illusion that prices are increasing in all home categories and that is definitely not true.


For instance, right now some price ranges in some neighbourhoods are starting to rise slightly but other price ranges have just stabilized or are still dropping slightly. Therefore, overall average price in any given marketplace cannot accurately predict what is happening. I have found that using an HPI (Home Price Index) works best. This HPI considers all the sales of a typical house in a certain area and compares them to the same type of houses sold in the previous years. We find when we do an HPI that house prices are doing different things in different areas and in different price ranges. I would be happy to do an HPI evaluation on any property you have. Simply give me a call or send me an email.


Absorption Rate


The rate at which our inventory is being absorbed by sales continues to rise. The average absorption rate of 14.65% over the 12 month period ending October 2014, is now the highest in the last 7 years. At the end of October 2014, there was 5 months of inventory available on the market, down from 6 last month. This is still considered a balanced market trending towards favouring Sellers over Buyers and will eventually put more upward pressure on prices as inventory tightens.


From these numbers, it looks like we can expect the market to continue to rise as we continue in this busiest fall season we have seen in 7 years. Sales for the first week of November 2014 are out pacing sales for the same time period in November 2013.


The market over the next 6 to 12 months will be characterized by continued increasing sales and lower inventory moving more rapidly towards a market that favours Sellers with more competition from Buyers and higher prices. Prices will continue to rise as consumer confidence gathers momentum and brings with it more Buyers.


If you have any questions about the market, please feel free to contact me at any time. You can go to my stats page here to view the graphs and full detailed data. 

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5603 27th Street Vernon BC V1T 8Z5 CA

Charlie Veaudry

I make myself available at all times. My web site is here to help you 24 hours a day. You can search listings at your own convenience, browse reports, and read up on real estate info on your own terms. When you are ready to see a listing in person, or just have a simple question, please dont hesitate to contact me!

 

When you make the important decision to buy or sell a home, I am committed to going the extra mile to ensure that all of your needs are successfully met in a professional and honest manner.

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