As the weather changes and we enter into the Fall real estate market in the Greater Vancouver area, attention to detail in staging your property for sale becomes increasingly important. Effective staging gives potential buyers the opportunity to experience the home in a way that makes them feel like they can move right in, and seasonality is a big part of that experience.

 

Follow along for four quick tips to help buyers see your home in its best light in the colder months.

 

Interior

Start Fresh

In any season, a clean, clutter free space provides the perfect backdrop for staging and is the first step in preparing your property for sale at top dollar. Deep clean and declutter surfaces (and get a head start on packing!) by stowing personal photos and collectibles, as well as jewellery and valuables.

Set the Stage

Set up each room as you would like prospective buyers to envision themselves living in it. Make the beds in the bedrooms, adding some texture with throw pillows or blankets to create an air of coziness to juxtapose the chillier conditions outside.  In the kitchen, use a diffuser with a subtle seasonal scent (cinnamon and pumpkin are popular for Fall) and set the dining room table with neutral place settings and a seasonal centrepiece of clipped cotton or sprigs of autumn greens. Give bathrooms the luxury treatment with fresh, fluffy towels, seasonal soaps and warm subtle lighting.

 

 

Exterior

Create an Entrance Experience

Outside, boost curb appeal by cleaning and brightening the entrance to your home – power wash exterior siding and make sure exterior light fixtures are clean and in working order. Add a simple, sisal or rattan welcome mat and create symmetry by flanking the front entrance door with inviting potted winter foliage.  Leave exterior lights on when showings are scheduled to create an inviting atmosphere before buyers enter the home.  

Don’t Forget Outdoor Living Space

In an outdoor living room or covered patio, hang a soft blanket over the back of a chair, add seasonal foliage, an outdoor rug and a heat lamp or outdoor fire bowl. Keep outdoor features adequately lit and ensure that walkways are clean and clear.

 

 

Purchasing a home can be an emotional experience. To give potential buyers that warm welcoming feeling when they enter your home, pay close attention to the small details like lighting, temperature and smell, these things can often be overlooked but go a long way towards creating that emotional connection.

 

Thinking of Selling in the next 3 to 6 months? Contact Michael today for more information on staging and selling your home.

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So far this year, Vancouver’s real estate market is experiencing a serious lack of inventory. Fewer homes are being listed for sale, and buyer demand is increasing steadily. What does this mean for the buyers and sellers who are actively in the market right now?

 

Sellers Are in the Driver’s Seat

When there are few properties on the market, and there is an abundance of buyers, sellers are in a put in a position of power. With many properties selling for above asking price, and moving quickly, homeowners can often afford to be more particular about the offers they accept than they might be in a slower market.
 

In practical terms, this often results in a seller receiving multiple aggressive, condition-free offers – typically with a hefty deposit attached. Interested buyers have to find ways to out-shine the competition and this frequently puts sellers in a position to receive offers well over asking price, and free of subjects like financing or inspection. This type of market scenario is not without its risks, however. A buyer may enter into a contract in good faith, but later not be able to fulfill their end of the deal for any number of reasons. Most often, financing falls through. If a collapse happens on a subject-free offer, the buyer forfeits their deposit, and the seller has to try to attract another buyer.

 

In the current market, some sellers are mitigating risk by looking at back-up offers for additional peace of mind. This means a seller accepts a second offer which is made by another buyer. Should the first offer fall through prior to subject removal, the back-up offer becomes active and the property goes to the second buyer.

 

Buyers Must Keep Pace with the Competition

The basic rules of economics tell us that when supply is down and demand is up, there will be plenty of competition for a product. This means that buyers in a hot market have to find ways to win when multiple offers are submitted on a single property.
 

Buyers must keep pace with the competition in the Vancouver real estate market


The first way buyers try to out-gun the competition is by offering a higher price than other interested parties. This results in many properties selling for amounts far beyond the original asking price. In this scenario, it’s easy to see how Vancouver real estate prices keep increasing as a supply-starved market vies for precious few listings.

Buyers are also upping the appeal of their offers by foregoing typical conditions related to financing and, in some cases, inspection. While it’s always preferable to have a property inspected, the buyer has to decide whether getting the property is more important than the risk involved in skipping an inspection.

Other tactics for winning against other buyers include asking the listing agent what dates the sellers prefer and writing those dates into the offer. You can also include a larger-than-typical deposit to entice a seller to accept your offer over another. A typical deposit is between 5-10% of the sale price. Anything higher can be appealing to a seller. Finally, you can personalize your offer by including photos of your family or a handwritten note about why the property is perfect for your family.

 

Know Before You Go

Low inventory of properties definitely has a strong influence over the behaviour of both buyers and sellers in Vancouver’s real estate market. Educating yourself about what to expect and how to come out ahead in today’s market is a good strategy to help you meet your real estate goals regardless of market conditions.
 

Education is key to success in the Vancouver real estate market

 

Have Questions? I'm Here to Help

Feel free to contact me with any questions you may have about the Vancouver real estate market and how current conditions may affect you as a buyer or seller. You can reach me at 604-910-7777. I'm always happy to chat!

 

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When you’re preparing your Vancouver home for sale, it’s common to need to fix up a few things around the property before it goes on the market. After all, you want your home to look its best to buyers, so that you get good offers, quickly.

 

What things should you fix before listing your property for sale? Here are three categories that will help you create and prioritize your list of repairs as you get ready to sell.

 

1. Anything that squeaks or creaks

Is there something in your home that makes a noise it shouldn’t be making, such as a rattling closet door or a creaking floor board? While you may be so used to it that you no longer notice the sound, prospective buyers will. These small issues can make a big impression on buyers as they view your property, so be sure to get them taken care of before your home is made available for showings or open houses.

 

Squeaky Door Hinges

 

2. Anything that’s unsightly

You don’t have to worry about making your home look absolutely show-home perfect. However, things that are unsightly will likely get buyers’ attention. You want them to focus on the terrific features of your property such as the abundance of natural light, or the terrific view of the local landscape, not scuffs on the wall or dings in doors and trim.

 

Wall Dings Should Be Repaired Before Listing Your Home

 

Take a walk through your property, including the yard and other outdoor space. Put yourself in the mindset of the buyer. Is there anything that stands out to you that doesn't look appealing? If so, tidy it up, fix it up, or replace it.

 

3. Anything that’s broken 

When life gets busy, it can be common to ignore small things that need to be repaired or replaced. If there’s anything in your home that needs repair, such as an outside tap that’s not working, or a sliding door that won't stay on its track, call a contractor or fix it yourself.

Leaky Faucet

 

Small efforts pay off in a big way

Taking care of these small issues before putting your home on the market can add up to big returns when it comes time to receiving offers from potential buyers. The more appealing you make your home to its prospective new owner, the more likely you'll be to sell quickly and for the most money possible.

 

Have more questions about preparing your home for sale?

Give me a call today at 604-910-7777. I'm always happy to chat and answer any questions you may have.

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Spring market is upon us, so very few things can now stop you from listing your property for sale. Yet, there are some issues you should think about, if you do not want your home to stay listed forever. Read below to discover which the common Kitsilano home sellers’ mistakes are and what to do to avoid them. Mind the following traps and you will surely have tens of potential home buyers who are eager to move in as soon as possible:

  1. 1.       Quoting an Unacceptable Price

Inaccurate evaluation is probably the biggest pitfall for most home sellers. Both overpricing and underpricing are huge mistakes that can make you either lose money or wait for years until somebody who has decided to relocate in your neighbourhood buys exactly your home. Do your homework and try to understand the prices of the properties alike on the Vancouver real estate market. This will help you determine a price which is reasonable for both parties.

  1. 2.       Skipping Important Disclosures               

Being afraid to disclose all the deficiencies of your home is the second mistake that can cost you a considerable amount of money. In case the buyers find some imperfections after they have moved into the property and suspect that you have known about them, you will probably have serious problems. Basement water leaks, hidden mould and mildew, nasty bugs, etc. will be detected sooner or later and if the new owner can prove you misled them, you can expect a lawsuit. It is better to be sincere about the issues of your property and thus show potential buyers they can trust you. People are more likely to purchase from honest and reliable sellers. Plus, you will be able to negotiate with the potential buyers who will eventually move in and pay for the necessary builders work.

  1. 3.       Uploading Mediocre Photos

However sophisticated your cell phone camera is, please do not attach amateur photos of your property. Most buyers’ first step is to search the internet for suitable homes and this is why listings with unprofessional pictures usually get neglected. First impression is really important, so why don’t you invest in hiring a photographer who will catch the most beautiful sights of your home? Home buying is something very few people will make a compromise with so do not think that your property will be very appealing, in spite of the dull pictures you uploaded. Presenting your property in the best possible light is a crucial element that should make people want to move in right away and settle there. 

  1. 4.       Listing a Dirty and Cluttered Property

Clutter and filth can really ruin the appearance of your property and will undoubtedly turn most potential buyers off. Spend some time on cleaning and decluttering and you will see the difference. Your home will start looking more spacious and luxurious and there will be a great chance for you to quote a bit higher price than the one you initially planned for. All those stuff you got rid off will prove very beneficial to the future deal.

 

  1. 5.       Trying to Sell On Your Own

Last, but not least - managing the selling process on your own is also not recommendable. It is much more likely for your property to be quickly sold if you hire an experienced real estate agent to represent you. Statistics shows that sellers who choose to do the task by themselves have their properties on the market for much longer and often close the deal at a lower price, compared to those who have turned to experts.

 

Don't wait until the last minute-call today for a complimentary Real Estate Check-Up. 604-910-7777

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Through innovative home staging techniques, you can setup a home to sell quick. Such endeavors enable you to motivate prospective buyers to think that every penny of their invested money is worth it. The following information discusses some of these valuable tips.


Remove Personalized Items

A prospective buyer needs to get the feeling of “being in their home”. Therefore, when showing the home to a buyer, remove items such as photos, decorations, or pictures of children. Remove family photos from all rooms for the moment. Re-paint the walls if necessary with a neutral shade –which is universally appealing.


Ensure Everything is Good Condition

Torn materials, cracked surfaces, and unkempt surroundings may create a negative impression. Put yourself in the shoes of a prospective buyer when viewing the home. After a point of time, you would have gotten used to seeing things. But in the eyes of a person seeing the home the first time, first impressions matter.


Chandeliers

Installing chandelier upgrades the aesthetic value of a home. These lighting fixtures uplift the mood and sentiment in a home. They create a striking impression in the minds of prospective buyers referred by Kitsilano Real Estate agencies. For a few hundred dollars, you can get these beautiful accessories installed. Even if you think otherwise, buy some beautifully crafted low-cost lighting fixtures. Place them at strategic points in the home.


Make Rooms Look Spacious

Remove unwanted sofas and chairs. They occupy real estate and make rooms appear smaller. Instead, choose groups of furniture that serve the purpose without occupying too much space.


A Clean Kitchen Might Seal the Deal

Some home buyers can become finicky about the kitchen as noted by Kitsilano Real Estate agents. They want this part of the home to be spacious, airy, clean, and with a definition of its own. Organize utensils in groups and make the kitchen look clutter-free. For instance, use a vase to hold all spoons. Use a large bowl to place snack plates and so on. Use the cupboards to store small appliances.


Gardens and Driveway

Make the garden free of weeds. Spend a weekend trimming the lawn. Apply colored mulch to protect the soil from erosion. If there isn’t a prominent garden, invest in some outdoor potted plants. Clean the driveway with a pressure washer. Add a coat of sealer if it is a paved driveway. It protects a concrete driveway from externalities especially during the winter when snow is expected.


Accredited Staging Professionals

Try to leverage the services of Kitsilano Real Estate staging professionals. The benefits of hiring a home staging professional are manifold. They usually have their own supplies such as furniture and carpets for example. They even provide valuable insights oriented towards making a sale closer to reality. 

If you would like more information on staging your home please feel free to contact me today.  

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