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Whether you plan on putting your home on the market someday soon, or you’re just interested in how much your property is worth from an investment perspective, it makes sense to know how homes are priced.

When a home goes on the market, there is an overwhelmingly high probability that it will sell for somewhere close to its market value.

So if a three-bedroom, detached home in a community sold for X dollars, then you can expect a similar home down the street to sell for roughly the same price.

That’s why real estate professionals look closely at recent home sales in the area in order to advise clients on the best listing price.

Are there other factors that determine the selling price? There are many. Home improvements, special features such as a large deck as well as the general attractiveness of your home, can all increase its value to potential buyers.

While some of these characteristics may help boost its selling price, others may simply help you sell your home more quickly.

There is an old adage in marketing and sales: Before trying to sell something, you need to put yourself in the buyer’s shoes. When it’s time to sell your home, you’ll need to do the same thing. Imagine that you’re the potential buyer and then view your property from that perspective.

Start with what a buyer sees first, the outside of your property from the curb. Does your home look inviting and attractive? Are there ways you can improve the look of your home from this vantage point?

It may be as simple as trimming the hedges.

Then, walk into your home through the main entrance. What is your first impression? Does your home look clean, uncluttered, and appealing from the foyer? Is there anything you can do to improve the look?

Even a small change, such as moving a coat rack that is cluttering the space, can be a significant improvement.

Finally, tour the rest of your home. Most buyers viewing homes will visit the kitchen, the living room, and other rooms on the main floor and then check out the upstairs bedrooms. As you are pretending to be a potential buyer and looking around, what impression are you getting? What features do you especially like? What don’t you like? Are there any issues that concern you?

Don’t forget to view your garage and backyard too.

By doing this simple exercise, you’ll be able to see what changes and improvements will make your home show better.

Want more ideas on how to sell your home faster and for the best price? Call today.

At this time of year, people traditionally set goals for next year. Do you have something you want to achieve over the coming months? If so, then you’ll have a much better chance of reaching your goal if you make it “SMART”.

SMART is an acronym that refers to the five ingredients of a successful goal: specific, measurable, achievable, realistic, and time-bound. It is based on the work of famed management guru Peter Drucker, but the technique is equally applicable to personal goals.

Here’s how it works:

Let’s say your goal is to lose weight.

To make this goal SMART, you would need to make it specific – lose 7 pounds; measurable – track your weight every week; achievable – find a good program to follow; realistic – check with your doctor to make sure your weight loss goal is sensible, and time-bound – six weeks.

Studies prove that if your goal is SMART you’ll have a much better chance of achieving it. Good luck!

It seems like every month there is a new website offering deals on everything you can think of. In fact, the “coupon industry” is booming.

This trend has conditioned people, more than ever before, to look for bargains and become determined to pay well below the market price for merchandise. There’s nothing wrong with that. We all want a deal!

But when it comes to shopping for a home, bargain hunting can be a bad idea.
First of all, the real estate market is competitive. The overwhelming majority of homes sell for a price that is at, or close, to their respective market values. Your chances of finding a property that is listed significantly below its market value is slim to none.

Secondly, if you become fixated on finding a bargain, you may not notice all the great properties on the market that are within your price range and meet your criteria.

In other words, you may inadvertently pass on what may, in fact, be your next dream home.

So, when shopping for a new home, focus on finding the right property at the right price, and not on finding a bargain.

As you’re probably aware, one of the key steps to preparing your home for sale is to get rid of as much clutter as possible. You want to make every room look spacious and comfortable.

But what do you do with the pictures, boxes, clothing, tools, furniture and other stuff you need to take out of your home?

For items that you don’t want anymore, you have two options: dispose or donate. You can dispose of items at your local waste depot or recycling center, (but be sure to call ahead to confirm which items they will accept.) Donations can be made to organizations like Goodwill and The Salvation Army. These organizations are interested in good furniture, clothing, appliances (that work), bikes and other toys (that don’t need repair), and tools.

For items you want to keep, consider renting space at a local self-storage facility. Most offer a variety of storage options from lockers to garages, and typically charge by the month. As for security, most self-storage facilities have fencing, gates that require a passcode, cameras and other security features. You can also lock your own unit.

One of the drawbacks of self-storage is that you have to move your stuff twice – first to the storage unit, and then to your new home. An alternative that’s becoming increasingly popular is a Mobile Storage Unit. The unit is placed in your driveway for a few days while you load it with the items you want stored. Then it’s picked up by the mobile storage company and taken to their warehouse. When you move, the company simply drops the unit off at your new home for unloading.

It would be ideal if you could hire an interior designer and completely remodel your living room. But, let’s face it, that could be very expensive.
That doesn’t mean you can’t make your current room look a lot better. Here are some simple, low-cost decorating tips that will accomplish just that.

• Put a covering over your worn sofa or chair. A simple throw blanket placed at an angle can make a dramatic difference.
• Plants, real or artificial, make just about any room look better. Just don’t overdo it.
• Don’t try to hide problem areas. Instead, accent them. For example, if the window sill is worn and aged, place a couple of antique-looking ornaments on it!
• Re-do the walls. Move pictures around. Consider adding other wall decor, such as plates and mini-shelves.
• Place your favorite hard-cover books around the room. Add illustrated books in the living room and cookbooks in the kitchen or dining room.
• Lamps, especially interesting looking ones, can go a long way toward enhancing a room.
  Don’t be afraid to experiment. Be daring. Sometimes just moving a picture or a piece of furniture can make all the difference.

You’ve probably heard the term “curb appeal”. It refers to how your property looks when a potential buyer first sees it from the curb. Curb appeal plays an important role in the first impression a buyer gets of your home.

There is another type of appeal you should also be concerned about – “foyer appeal”. Foyer appeal is all about the impression a buyer gets when he or she first walks through your front door.

Think about it. What do you do when you enter a particular home for the first time? You probably take a quick look around while you’re removing your jacket or shoes. In fact, a lot of the impression you form about a home comes from the first look you get while standing in the foyer. Home buyers do the same thing.

So when preparing your home for sale, it makes sense to make your home look as attractive as possible from the perspective of the foyer. There are many ways you can do that. Make sure the area is clean and uncluttered. Don’t have shoes and boots lying around. Make sure there is nothing obvious and unsightly in the foyer.

Fair or not, buyers form lasting impressions from the foyer. So make sure that the first impression is a good one!

While you may not be seriously considering selling your home or looking for a new one, you might still be interested in what’s going on in the marketplace. After all, it’s nice to see “what’s out there” and find out more about some of the homes that are currently listed on the market.

There’s nothing wrong with that. In fact, it’s a good idea.

Keeping up with what’s going on in the local market, will help you make better decisions about your own home, especially if you anticipate selling within the next year or so.

Many people do this by reviewing listings online and ads in the real estate section of the local paper. While these techniques are helpful, they don’t always give you the best picture of what’s really going on.

A better strategy is to talk to me. I will give you the best information about properties available and where the local market is headed.

As your Real Estate Agent, I can also satisfy your curiosity about how much particular homes have sold for in the area – which will give you a clearer idea of what your own home might get if it was listed today.

Speaking of price, I can provide you with a free assessment of your home’s current market value, which will give you an even clearer idea of what you’re likely to get.

Clearly, by working with me, you’ll have a source of advice and information that will help you make the best decision when the time comes to consider making a move.

When you shop for a new home, you’ll probably start by thinking about what you need in your next property. Your list might include a spacious kitchen; three bedrooms; and, a mature tree in the backyard.

Those are property features and, of course, they’re important. But finding your next dream home involves more than just property features. It also involves getting what you want from the surrounding area. After all, a home isn’t going to be enjoyable if commuting to work from your neighborhood is long and agonizing. So when you shop for a new home, also think about:

• Work. How will you get to work? Is public transit nearby?
• School. Where will your kids go to school? Is transit or bus service available? Will your kids be able to walk to school?
• Kids. Where will your kids play and hang out? Are there nearby playgrounds and parks?
• Neighbors. Do the local homeowners seem like the kind of people you’d like as neighbors?
• Shopping. Where will you do your weekly shopping?
• Hobbies. How far will you be from golf, theater, or other hobbies?

As in any industry, there are terms and buzzwords that are unique to residential real estate. When you put your home on the market, you should know what those terms mean. Here are definitions for the most common ones:

Fair market value: This is an estimate of how much a specific home will sell for in today’s market, taking into account what similar properties in the area have sold for recently.

Seller’s Agent: That would be me, the real estate professional who is helping you sell your property. I would also assist you in finding and buying your next home.

Buyer’s Agent: This is the real estate professional who is representing the buyer of the property you want to sell.

Pre-approved Mortgage: This is a statement (often in the form of a certificate) from your bank or other lender that states that you qualify for a mortgage for a particular amount of money. A pre-approved mortgage adds credibility to any offer you make on a new home.

Staging: This is a strategy where a home is purposely prepared so that it appeals to potential buyers. Staging may involve cleaning, de-cluttering, rearranging furniture, redecorating, and more.

Survey: This is a document that defines the boundaries and measurements of your property and any structures on it.

Offer: This is an offer of purchase, in writing, for a particular property.

Conditional Offer: This is an offer to purchase, but with conditions – such as “conditional on a satisfactory home inspection” or “conditional on arranging suitable financing”.