Part of the Guest Homes Guide To Buying & Selling A Home.

In the second installment of our video series Kevin Guest speaks to Mortgage Specialist Kim Rankin. Topics covered include common mistakes made by potential home buyers when looking for a home and how to protect your credit score.

We are now in the second quarter of 2018, while we are still waiting for greener grass flowers to blossom Patricia, Cheryl and Kevin have been spending time preparing for a busy spring, summer and fall season.

We have been fortunate to partner with our clients and friends to create positive outcomes with their biggest investment. While we haven’t seen the gains that have been enjoyed over the last few years the market is stabilizing and absorbing the new Provincial tax on foreign buyers and mortgage stress test rules. There will be new challenges over the next few months, but be assured that the GTA is the most important and well insulated real estate market in the country and there is always opportunity to make gains while giving your family a happy home.

Guest Homes will be doing a complete revamp of our flagship website, www.guesthomes.ca, in the coming weeks so that our visitors can receive a more immersive experience. We are also excited to announce The Guest Homes Guide to Buying and Selling a Home, a series of professional videos to be released monthly, covering all the topics important for today’s market.

We are glad to have you along during this exciting time for our business. We are always here to answer your real estate questions and hope you enjoy what’s in store.

Enjoy spring,

Patricia, Cheryl and Kevin

THE SILENT BUT DEADLY ISSUES THAT ARISE THAT CAN KILL ANY REAL ESTATE TRANSACTION

Over the last several years the art of staging a home for sale has become very important. Maximizing value is an integral part of the sale process but there are several other issues that could make staging as fruitless as putting “lipstick on a pig”.

Mold in any part of the home can be a serious hurdle to clear in the minds of buyers. Mold can be disturbing on a small scale around tubs and showers but what about when it’s in the roof? The fix can be minor or major but will often steer buyers toward a home without this issue.

The roof on any dwelling is a major expense and should be a concern when told that it may have five years until replacement. This should be an indication that there is a major expense on the horizon and the hot tub may have to wait. The roof needs to be replaced before leaks occur to avoid costly interior fixes and mold.

Over pricing is a major deal killer. An unrealistic price can exclude potential buyers before you even get them in the door. Buyers and salespersons are linked to the online world and if your property is filtered out of a search because you have insisted on a high price don’t expect too many showings. Listen to the advice of your real estate professional.

When potential buyers walk across the threshold colour is the first topic of discussion. Sure we all love our man cave painted in our teams colours along with a prominent logo to make Saturday night special but not all buyers can be Leafs fans. To get top dollar use neutral colours and appeal to the widest audience possible. Pack up your Bud Goal light and save it for the new man cave.

Many of these problems can be realized and fixed by clearing clutter, cleaning and deodourizing. These three steps can ensure a favourable showing.

Lastly from the buyer’s perspective, make sure your have taken the proper steps to seek preapproval before you start house hunting. Nothing is more disheartening than finding your dream home and then being told you can’t get financed.

To discuss these and many other issues with buying and selling real estate give us a call and let’s talk.