Selling Your Home

3 Strategies For Selling a Home With Pets

How To Sell a Home With PetsHere in Canada, many households have a furry, scaly, or feathery critter living as part of the family. In fact, 38% of homes have at least one cat, while 35% have at least one dog. While Canada clearly loves its pets, many real estate advice blogs say that selling a home with pets is extremely difficult, and some even go as far as to say that homeowners need to get rid of their pets entirely if they want any chance at selling a home. However, this is just untrue. While selling a home with pets can be a bit more difficult, it definitely isn’t impossible. Here are some of the different strategies homeowners can use when selling their home that don’t resort to taking Fluffy to the pound.

1. Repair Damage Caused By Pets

It’s nearly impossible to own a pet that hasn’t left some sort of mark on its home. Whether it’s a stain on the carpet from an accident or scratch marks on the door, homeowners should take note of things buyers may be turned off by. Other things to look for include:

  • Scratch marks on wood floors
  • Drool and nose marks on windows
  • Dirt marks on walls and corners
  • Dead grass outside
  • Food stains near bowls
  • Fur on carpets and furniture

While some of these might not seem like a big deal, many little things add up, and buyers don’t want to buy a home only to have to fix all these problems immediately. Taking care of these problems before selling can be a great way to...

How to Sell a Home in a Buyer's Market

How to to Get the Best Offer During a Buyer's MarketNo matter when a seller decides to sell their home, they're subject to market forces that are more or less outside their control. Selling a home in a buyer's market can feel like poor timing, but there are ways to maximize the offers when sellers understand the buyer's mentality. Here are a few tips for everyone to make the most of the situation, so they don't have to wonder what might have been.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

Do the Research

Understanding the market is the first step to selling in a buyer's market. It can help the seller set realistic expectations before they even list the home. Homes on a buyer's market may take longer to close, but once a seller understands the dynamics, they can mentally prepare for the next several months.

No matter what the economic climate is like though, sellers should start identifying ways to make a strong first impression on buyers. They don't necessarily have to hire a designer to stage their home, but they may want to repaint the siding or start planting a few bulbs in their garden. Buyers notice the finer details on a property,...

Selling Your Vacation Home? What to Know About The Process

Capital Gains Help for Vacation HomeownersAfter a homeowner buys a vacation home, they may decide, at some point, decide to sell the property. As a result, they often have a lot of questions about capital gains taxes. Capital gains taxes are taxes applied to the profits on the sale of an asset. Vacation homes can be hit heavily with capital gains taxes, but there are some ways maneuver around this problem. If you're a homeowner with a vacation property, these tips can help.

For informational purposes only. Always consult with a certified tax expert before proceeding with any real estate transaction.

What You Need to Know About Capital Gains Taxes

Vacation homes are subject to capital gains when they're sold. They're also subject to these taxes when they're given to someone as a gift and when they're inherited. To calculate the capital gains tax that a person must pay, first the adjusted cost base must be calculated.

The adjusted cost base is a change in value that occurs because of changes or improvements made to the property. For example, suppose a buyer purchases a vacation home for $300,000. After two years of ownership, they add a room for $50,000. The adjusted cost base of the property is now $350,000.

If ten years later the homeowner sells the property for $500,000, then the homeowner is taxed on $150,000...

4 Tips For Selling Your Fixer-Upper Home

4 Tips For Selling Your Fixer-Upper HomeSelling any type of home can be difficult, but homeowners with a fixer-upper home may feel like it’s impossible. Fortunately, this isn’t true. Fixer-upper homes may require a little extra love when selling, but if a homeowner knows what they’re doing, they should be able to find a proper buyer. Here are some of the most important tips homeowners need to know when selling their fixer-upper home to give it as many advantages as possible.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

1. Lower the Home’s Price

Fixer-upper homes require extra money in order to actually fix them up that is unnecessary when buying a move-in ready home. Because of this, buyers expect that the price of the home will be lower in order to compensate. After all, there are very few buyers out there who would even consider purchasing a fixer-upper home for a price that could get them a move-in ready home down the street. In order to set the right price, be sure to consult a real estate agent who can help select one that will still make the seller money without putting off buyers.

2. Be Honest About the Home’s Flaws...

Selling a Home in 5 Easy Steps

The Beginner’s Guide To Selling a HomeBuying and selling homes can be a confusing process, especially to those doing it for the first time. Even after thoroughly researching what to do, homeowners can feel overwhelmed with the amount of information that’s out there and the seemingly uncountable number of things that have to be done just to sell property. Fortunately, selling a home doesn’t have to be confusing or overwhelming. These are the five basic steps everyone has to do in order to sell a home.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

1. Hire a Skilled Real Estate Agent

No homeowner is going to get very far without the help of a professional agent on their side. Real estate agents spend years learning about the market and the ins and outs of how the job is best done, so they have a lot more insight than the average homeowner ever could, even with help from the Internet. When using an agent, homeowners can be assured that their home is reaching interested buyers, and they will never be left floundering trying to figure out what they should be doing next.

2. Set The Right Price for the Home

There are a few different websites out there that keep track of how much money homes sell...

Curb Appeal In One Weekend: A Guide for Sellers

Curb Appeal Fast Track: What You Can DoHome buyers like homes that look well maintained and well-loved, so curb appeal is important during the home buying process. In fact, a good landscaping job can deliver a return on investment of over 200 percent. In many cases, curb appeal is more important than staging a home. For home buyers in a hurry, there are ways to boost curb appeal in just one weekend. These tips can help.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

Tend the Grass

Overgrown, weedy grass makes a bad impression on buyers. Sellers can remedy this problem by pulling weeds, trimming the grass, edging the lawn and sweeping away all leftover debris. If the lawn is not healthy (example, if there are dry, dead patches), the seller may need to take more dramatic action. Buyers who plant seeds in bare patches will need to give the grass time to grow.

Fill Bare Spaces With Plants

Dead or unhealthy plants can make a home look barren or even spooky. Removing dead plants and replacing them with healthy...

Home Showing Tips That Help Your Home Sell

4 Must Read Home Showing TipsEvery homeowner wants to do everything in their power to ensure that their home sells when it’s time to put it up on the market. But when selling relies on the unique taste of the buyers, wouldn’t that be impossible? Not necessarily. There are quite a few different things that homeowners can do to boost their home’s chances of selling. Here are some different ways to help home showings go over well and put any home’s best foot forward with buyers.

Keep the Home Furnished

It may seem like a good idea to remove furniture from a home in order to cut down on distractions for buyers coming through, but it actually does the opposite. The proper staging of a home involves using the furniture that's available, not removing it. Here is what emptying a home can do:

  • Make the home feel cold and uninviting.
  • Make it difficult for buyers to envision how their furniture will fit in rooms.
  • Make buyers nitpick faults because the home is so empty.
  • Make rooms feel smaller than they actually are.

Keeping furniture in a home can give buyers inspiration for how they want to furnish it and make them feel welcome in the home. Homeowners should do everything in their power to keep their home furnished when selling, and sellers who can’t due to work or another important factor can hire a professional home...

3 Easy Tips For Staging a Home

3 Easy DIY Home Staging TipsCanadian homeowners looking to attract potential buyers and get the best possible offer on their home are staging their home. Staging a home is in addition to the other marketing that a real estate agent may do to help sell the home. Sellers who do so create a better experience for visitors touring their home, in addition to creating a setting that can be invitingly photographed for listing purposes. Home staging involves several things, some of which almost anyone can do.

1. Eliminate the Clutter

This may not be as easy as it sounds but start de-cluttering and storing away items that are not immediately needed. Doing so helps depersonalize a space, allowing buyers to imagine themselves living in the home. Benefits include:

  • Improved traffic flow;
  • Creation of a more open feel; and
  • Better photos for listing purposes.

What can homeowners store away? Family pictures, children's toys, paperwork lying around and large pieces of furniture. The idea is to create a neutral and open space. Items not removed from a home need to be neatly organized.

2. Light the Stage

Avoid putting buyers off with dimly lit spaces and basements. Homes that sell quickly are often well-lit and make it easy for buyers to investigate any room, closet or other space in a home. Remember: no one wants...

Tips to Save Energy and Add Value

When it comes to energy efficiency, look for smart features and expertise to help you save energy and money and add value to your home.

1. Begin with a Right-Sized Home.

If the home you buy is simply too large for you or your family’s needs or plans, you stand a good chance of wasting energy through excessive heating and cooling costs. If it’s too small, you’ll feel cramped and uncomfortable. It’s a big investment, so seek balance and buy it “right” from the outset. 

2. Purchase Energy Star Appliances Such as Your TV, Dishwasher, Washer and Dryer, and Microwave.

And especially the refrigerator, as it alone contributes about 10 percent of the energy use in a home. Also, unplug electronics not in use or turn off power strips to avoid phantom charges. 

3. Install Efficient Lighting Such as Compact Fluorescent (CLF) or LED Bulbs in Every Fixture.

Lighting accounts for about 6 percent of an energy bill each year.

4. Get an Energy Audit and Have Tests Performed to Identify Ways of Improving Your Efficiency.

You can always upgrade your heating, ventilation, and air conditioning (HVAC) system as well as your thermal envelope, which includes insulation, windows, and doors  and the seals or weather stripping around them. Visit energy.gov/energytips for more tips.

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