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As you tour a potential new home, you notice that the carpeting in the living room is stained. “Don’t worry about that,” says the homeowner, who senses your disapproval. “We’re going to get the carpeting professionally cleaned before we move.”

Should you take their word for it?

Regardless of how honest a seller may seem, never rely on a verbal promise.

Will they move that abandoned car in the back yard? Will they fix the crack in the front steps? Is that expensive-looking ceiling fan included with the house?

Don’t assume. Get it written into the offer.

“Stuff” accumulates. It’s a timeless principle in every household. It accumulates. And accumulates!

Chances are, your basement, garage, and closets are filled with things you don’t want to have to pack and haul on moving day.

The solution? Have a “Moving Out” sale!

Expect a crowd. Bargain hunters love a “Moving Out” sale even more than a Garage Sale because they expect that prices will be lower.

Once you realize that you won’t have to deal with all that clutter on moving day, you’ll love it too.

“Can we afford it?” That’s the first thought that comes to mind when shopping for your next dream home. Fortunately it’s an easy question to answer if you consider your lifestyle, financial goals, expenses and mortgage eligibility.

Lifestyle

There’s more to life than just paying the mortgage and other living expenses. Hobbies, entertainment, vacations, family adventures, and charitable causes are also important. Don’t be house poor. Think of your “lifestyle” as another bill you must pay — to yourself.

Financial Goals

Your new home is not just a place to live. It’s also an investment. Make sure it fits with your overall investment plan, which may also include retirement savings, education funds, emergency cash, and more.

House Expenses

The mortgage isn’t your only home expense. You must also calculate insurance, utilities, taxes, maintenance and other costs.

Amenities, such as a pool, can turn your home into an oasis. But, you must be prepared for the upkeep costs.

If you’re buying an older home, expect repair and maintenance costs to be higher.

Mortgage Eligibility

Your mortgage eligibility is determined by your current income, debt level, employment history, and credit rating. Lenders use this information combined with estimates of your new home property taxes and heating/cooling expenses to determine the largest mortgage they can offer you.

Home affordability is like a jigsaw puzzle. You need to put all the pieces together to get a clear picture of how much home you can afford.

Most advice on how to prepare your house for sale involves how the property will look to a potential buyer. Appearance is, of course, very important if you want to sell a house quickly and for the best price. But there are three other senses you have to satisfy as well.

Hearing. Check for creaks in the floor, a rattling washer or dryer, or any other unpleasant noise. You may no longer notice these sounds, but potential buyers will.

Smelling. You might love the aroma of exotic cooking, but visitors may not. Also check for other obvious sources of odours: such as ashtrays, laundry hampers, garbage bins and toilets.

Touching. Make sure countertops, door handles, floors and other surfaces are free of dust and dirt. If potential buyers feel the need to wipe their hands after touching something, they won’t leave with a good impression.

Appealing to all the senses helps to ensure that your house shows well.

According to studies, colds and flu bugs are passed from one person to another more often in the home than in any other location, including school and the workplace. Of food-based bacterial infections, 65% are picked up at home.

What can you do to reduce the risk?

Obviously, keeping rooms clean is important. But, according to The Lung Association, you are 200 times more likely to pick up a germ in the kitchen than in any other room, including the bathroom! So give the kitchen priority when cleaning.

Most people know to keep countertops, sinks and toilets clean and sanitized. But when was the last time you cleaned your computer keyboard, children’s toys, bedside tables, and door knobs? Experts say these areas have among the highest concentration of bacteria in a home!

When it comes to airborne viruses, such as those that cause the flu, be sure to use a tissue when coughing or sneezing. When a tissue is not readily available, use the shoulder of your sleeve or inner elbow, rather than your hand.

By taking some simple precautions, experts say you can reduce your, and your family’s, risk of getting a cold, flu or bacterial infection by as much as 50%.

If you plan on putting your property on the market, it can be tempting to list it for a very high price in the hope that some buyer will say “yes”. But that rarely happens.

In fact, it is more likely that your property will sit on the market for a long time with no takers, and home buyers and their agents will quickly lose interest in even seeing it.

The fastest way to sell your property for the highest price possible is by listing it as close to its fair market value as possible. That’s the price similar homes in your area have sold for recently.

The good news is that the fair market value of your home may be higher than you think. So if you’re considering making a move within the next few months, ask a good Realtor® to drop by and do an informal appraisal. That will give you a clearer idea of what your property will sell for in today’s market.

Shopping for a house is as much a lifestyle decision as it is a financial one. After all, unless you’re a professional real estate investor, you’re not just buying a house – you’re buying a home.

Sure, there are important financial matters to consider, such as mortgage rates, payments and resale values. But when deciding whether or not to make an offer, you also need to think about how that home will impact the quality of your life. So, it’s important not to let an attractive list price distract you from considering a home that has features that may be worth paying a little more for. You should determine the lifestyle features that are important to you and your family and factor them into the purchase price of any home. For example, have you considered the value of:

• A large kitchen and a comfortable recreational room with a wet bar? Perfect if you entertain a lot.
• A quiet room or cozy alcove? Ideal if you like to read, sew, build model airplanes, or surf the net.
• A backyard with the right combination of sun and shade? Priceless if you love to garden.
• A relatively flat, rather than inclined, driveway? Great for a game of one-on-one basketball with the kids.
• A spacious deck or patio area? Hours of enjoyment for the BBQ fanatic in the family.
• Parks, recreation centres, and schools within walking distance? A real time-saver if you have children.
• Local green space and trails? Ideal if you have a dog to walk or are a jogger.

Taking these “lifestyle factors” into account will put the asking price into perspective, and help you determine how much the home is really worth to you.

There are lots of reputable home improvement businesses that rely upon “person-to-person” marketing to get new customers. Unfortunately, there are also some undesirable contractors whose plan is to relieve you of your possessions and/or money while performing substandard, overpriced services that are void of any guarantee. Below is a short list of uninvited proposals you may encounter. Always remember that if you didn’t ask the sales representative or contractor to come to your home, you should exercise caution when providing personal information or access to your home.

• Painters, window cleaners, carpet cleaners, etc.
• Lawn and yard care services
• Roofing and other repair services
• Anyone with a “free” offer or an “in the area” special

Caution is the best approach when dealing with strangers. Some scam artists want to know details about your home security, so accomplices can break in later.

1. Do not let an unknown person into your home without an appointment previously arranged through an office or service department.
2. Ask for references or check the company through your local Better Business Bureau.
3. Always ask for identification, including an employee number and a supervisor’s phone number.

It’s a buyer’s market. It’s a seller’s market. You’ve probably heard these terms before. But what do they really mean when you’re considering buying or selling a home?

A buyer’s market exists when the supply of homes in a particular market exceeds the demand. Since there are more homes for sale, and fewer buyers, homes tend to stay on the market longer and prices may drop.

As a home shopper, you would have more time to look for a home, and more negotiating leverage.

In a seller’s market, by contrast, there are more buyers looking around than there are homes for sale. This would be an advantage when selling a home because the demand would likely cause the home to sell more quickly and for a better price.

As a home shopper, however, you would have to make decisions more quickly, since others may be interested in the same properties.

As you can see, each market has its pros and cons – for both buyers and sellers.

Luckily, a Realtor® who understands your local market can help you navigate through either market condition and help get you into your next dream home.

When you prepare your house for sale, you want to make every room look stunning. But, for any number of reasons, that isn’t always possible. You may not have the time or resources to redecorate or “stage” your entire house. So if you have to choose just three rooms to focus on, which should they be?

According to studies, home buyers base over 50% of their overall impression of a home on three rooms: the front entrance area (or foyer), the kitchen, and the main family room. So it pays to focus your efforts on these key areas.

To begin, make the front entrance area look as spacious as possible. Remove coat racks, shoe mats, and other items that may make the space seem smaller than it is.

Then, make sure the kitchen is as clean and uncluttered as possible. Remove any unnecessary appliances and other items from the countertops. Touch up cupboard areas where the finish has chipped or faded, and consider upgrading the hardware.

Finally, make sure the family room feels spacious and comfortable. You want a potential buyer to imagine relaxing there, with his or her family.