Charlie Veaudry

Serving you with passion!

 

The New Year is a time for resolutions. If you're thinking about selling your home in 2015, here are some resolutions that could help boost your chances of a quick sale.

Repeat to yourself: "I pledge to…"

1. "Avoid drastic design changes" – Unless you plan to turn your bold color palette into a more neutral one, then it's best not to try and anticipate what buyers want in design and décor. The best approach to freshening up your home for sale is to simplify and depersonalize the look and feel so that potential buyers can picture building their own lives there. If you think repainting a bright purple wall, replacing an old toilet or buffing and restaining kitchen cabinets would help the home sell, by all means make these types of updates. Just be sure to keep your personal preferences in check. Your real estate agent can help you prioritize and remain objective.  


2. "Stop neglecting the drippy faucet" – This applies to any repairs you might view as minor but actually could be a symptom of a larger system problem. Addressing things like plumbing leaks, poor ventilation and cracks in walls helps everyone avoid surprises from the inspection report and avoid the delay or even cancellation of a sale. When you have the information, you can either make the fixes or work with your agent to adjust pricing during negotiations with the buyer.


3. "Price my home reasonably" – It's understandable to think your home is the best on the block and worth more than all the others – especially if you've invested in key upgrades and remodels. And, frankly, you might be right. But the only way to truly know is to consider recent sales of comparable homes in your area. Your real estate agent can provide you with the latest information and help you list at a competitive price that's appropriate for your area and the local real estate climate.


4. "Make my home inviting" – This starts with creating curb appeal. The condition of your home's exterior is a big part of getting buyers in the door. Maintaining the yard, sweeping the porch and driveway, replacing the tattered welcome mat, replacing missing house numbers, and removing clutter all are things that can help improve curb appeal. 


5. "Thin out the clutter" – The best time for making tough decisions about what stays and what goes is BEFORE you put your home on the market. By the time the for-sale sign goes up, the home should be clutter free. You can either toss things you don't want, sell these items, or move the more personal ones to storage. The types of items to remove include your prized knick-knack collection, clothes overflowing from the closets, and family photos. You want all closets and cupboards to appear as spacious as possible. When they're jam-packed, it gives the impression that storage is limited even if that's not the case.


6. "Clean like I've never cleaned before" – Think about under, behind, around and between. It's easy to focus on cleaning the major surfaces, high-traffic areas, and areas that are visible. But what about the dust on top of the refrigerator? How about the slats in the window blinds? Have you cleaned the cabinets under the kitchen or bathroom sink recently? Did you notice the cobwebs behind the guest-room door? Look high and low for the dirt. 


7. "Nail down my next step" – Don't let your new plans and new place get lost in the shuffle of selling your old place. Determine where you'll go next before your home goes up for sale. Are you prepared to move if your home sells quickly? Although it might not be typical, a quick sale is certainly possible. On the other hand, are you prepared if your home doesn't sell quite so quickly? Be sure to talk with your real estate agent about your relocation needs and timeline.

 

I can tell you more about this and many other things that can help you meet your real estate goals in 2015. Fell free to contact me any time.

 

Courtesy of RE/MAX Housing Blog.

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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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Fall can be a time when many people start to look at their homes and wonder what they should do for upkeep, to freshen things up a little, or even make some large changes. When contemplating projects and renovations, it's not a bad idea to consider the investment as it relates to resale value for your home. 

Did you know that only some renovations will get you more money when you sell?

You don't always get your money out of every renovation when you sell. I thought the below list of average costs compared to the return on the investment of that renovation was an interesting read. I hope you do too. Keep in mind that estimates are based on a sale directly following the renovation.


PROJECT

ESTIMATED COST

% RECOVERABLE (on Sale)

Repaint frame house

$2,000 to $5,000

300%

Instal new exterior siding

$3,000 to $8,000

200%+

New Flooring

$3,000 to $8,000

150 - 200%

Add a garage

$7,500 to $15,000

150%

Add a full bath:

$2,000 to $5,000 (in existing space)

 

To a 1 bath home

 

150%

To a 1 1/2 bath home

 

60%

Add a bedroom

$2,500 to $6,000 (in existing space)

 

 

$10,000 to $15,000+ (add on space)

 

To a 2 bedroom house

 

120-150%

To a 3 bedroom house

 

40 - 60 %

New Kitchen

$6,000 to $15,000

up to 150%

Finish basement - rec room, bedroom & bath

$10,000 to $25,000

100%

Reshingle roof

$3,000 to $8,000

50%

Landscape

$1,000 to $4,000

80%

Add a pool (inground)

$20,000+

50%

Add a fireplace

$1,500 to $3,000

50%

Instal central air

$2,500 to $4,500

up to 50%

All figures are approximations, individual quotes may differ.


This is not an exhaustive list, and if you would like to talk more about what you can do to prepare to sell your home, feel free to reach out. I would love to take the time to speak with you and answer any questions you may have.  
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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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