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New Home Features That Buyers Want

October 9th, 2017 by gurpreetghatehora

Trends in home design come and go. What buyer wanted five years ago is very different from what buyers want today. That’s partly because the two largest groups that are buying homes right now, Baby Boomers and Millennials, both want very different things in a new home. But there are some new home trends that are going to cross that generational divide and appeal to a wide spectrum of buyers. Here are a few of the new home features and trends that buyers want in new homes this year:

Stainless Steel Appliances

Sick of stainless? Sorry, this trend isn’t going anywhere. Buyers like stainless steel appliances because they make the kitchen look modern and updated. Buyers also like them because they look new. Home buyers want updated appliances that aren’t old models. Stainless appliances make buyers feel like the kitchen is practically brand new. Upgrading the appliances in a home is one of the best ways to generate interest in the home. Buyers want great appliances to be in the house already when they buy.

Multi-Functional Spaces

The days of having a formal living room as well as a formal dining room in a house are over. These days buyers want lots of open concept space that can function in many different capacities. Formal spaces or spaces dedicated to one function are not popular with most buyers. The best thing that homeowners can do to get interest in an older home is to make it as multi-functional and open concept as possible. Bonus spaces like screened in porches or converted garages are also very popular with buyers.

Freestanding Bathtubs

Most recently the trend in bathrooms was to have a separate shower and soaking tub. But that trend is giving way to the return of the freestanding bathtub. Whether the tub is an old fashioned claw foot model or a new sleek modern tub more and more buyers are looking for a spa like bathroom with a freestanding bathtub. Sellers that want to try and take advantage of this trend may have to spend a little money to reconfigure their bathroom but in the end it will pay off when they get a lot more interest from buyers.

Quartz Counters

Granite is finally falling out of fashion in the kitchen. These days the in demand countertop material is quartz. Quartz is attractive, easy to clean, and very durable. Home sellers that have home with outdated kitchens will attract higher prices and more buyers if they upgrade their kitchen counters to quartz before they start showing the home to potential buyers. Many buyers are willing to pay premium prices for a kitchen with stainless steel appliances and new quartz countertops.

3 Ways to Wow Buyers at an Open House

September 22nd, 2017 by gurpreetghatehora

An open house is a fantastic way to get the attention of potential buyers. Photos online just cannot convey the same sense of possibility that actually seeing a home that is for sale can. But, if the open house isn’t drawing buyers you might need to put a little more effort into creating the right atmosphere at the open house. When you hold an open house, the house needs to look great and really wow potential buyers. It should go without saying that the house should be sparkling clean and that all the clutter should be removed. Personal photos and other items should be put into storage. Nevertheless, you need to go beyond basics in order to really wow buyers. Here are three tips from top agents that will help you wow buyers at an Edmonton open house and increase the offers on a home:

Little Touches of Luxury

open house edmonton

An impressive home is what buyers want. While you may not be able to add in trendy pieces or paint before an open house you can add some small luxury touches that will give buyers a much better impression of the house. Replace all the kitchen towels with new thick towels. Set the table with beautiful place mats or a high end table cloth and high quality dishes and glassware. Add a hanging rack for pots and pans and hang some copper pots from the rack. In the bathroom replace all the towels with super thick hotel quality white towels. Change the bath mat too. Add some fancy light fixtures to make the bathroom look more like a spa than a bathroom. Candles and plants also make a space look more expensive and inviting.

Get the Windows Cleaned

When cleaning up the house before the open house get a professional window cleaning crew in to clean all the windows. It will only take a short amount of time but it will really wow buyers when they see the sparkling clean windows on the house. The house will have better curb appeal and from the inside the natural light will pour through the shining windows and really increase the wow factor of the home. Homes with large feature windows such as a bay window, picture window, or a glassed in porch it’s important to make sure those windows are clean so that those windows really stand out to potential buyers.

Bake Something

One of the most tried and true ways to appeal to buyers and make a home more inviting is to bake something in the oven just before the open house. It could be chocolate chip cookies, sugar cookies around the holidays, or an apple pie heavy with cinnamon and clove. But when potential buyers come through the door and smell those familiar smells they will instantly feel more at home and see the home as a good prospect.

How to Sell a House with Outdated Flooring

August 21st, 2017 by gurpreetghatehora

One problem that sellers face when selling an old or dated home is the flooring. Old or dated flooring is a big turn off to potential buyers. Buyers can be very particular about what type of flooring they want in a home. Because replacing the flooring in a home is a large and expensive job many potential buyers may not even a consider a house with old or dated floors. So how do you sell a home that had dated flooring when the owners don’t want to invest in new floors? Here are some tips to help you get potential buyers to consider a home with unattractive flooring or mismatched flooring:

Offer a Flooring Allowance

If the owners do not want to put the time and money into fixing the floors but buyers are bypassing the home because of the floors the sellers should consider offering a flooring allowance in the final contract. That will at least offset the cost of replacing the floors for the new buyers. Then the new buyers can customize the floors and choose whatever type of flooring appeals to them. Sellers should offer an allowance of at least half of what the new floors will cost and agree to vacate the home in a timely way so that the new floors can be put in before the new buyers take possession of the home.

Get a Flooring Estimate

homes edmontonIf you are hearing from buyers that they are not interested in a particular home because of the floors, call a contractor to get an estimate for what new carpet and new laminate floors would cost. Share this estimate with the buyers so that they can see the real cost of updating the flooring. If the cost isn’t that much it might make some buyers consider a home that otherwise they wouldn’t consider. Laminate floors are an inexpensive way to get great looking floors and laminate floors can be laid quickly. Home buyers might not realize the low cost of replacing the flooring. An estimate gives them a better perspective on the problem of the floors.

Give Buyers Flooring Ideas

Pinterest and social media sites are filled with creative and fun ideas for customizing the look of dated flooring. Be sure to share with potential buyers some of these ideas like painting, using decals, and other fun and interesting ways to change the look of outdated floors. By giving potential buyers creative options for making the floors look better for a low cost you will be getting them to open their minds and consider a home that might be priced right but doesn’t have exactly the look they want. Homeowners can use your inspirations and ideas to totally customize the floors to match their own unique vision.

Tips for Selling Older Home

July 28th, 2017 by gurpreetghatehora

Selling older homes can be a challenge, especially when you’re trying to sell to Millennials or young families. Often younger buyers want all the fancy finishes and amenities they see on TV or on Pinterest but don’t have the budget to buy a move in ready large house with all those upgrades. So how do you get these buyers who want all the extras on a tight budget to buy an older home that is in their price range but doesn’t have the extras they want? Here are some tips for selling older houses to younger buyers:

Make the House a Blank Slate

It will be much easier to get young buyers interested in an older home if that home is at least a blank slate that they can customize and decorate themselves. That means get rid of old and outdated wallpaper. Pull up carpeting and put in laminate floors. Paint everything in neutral colors so that buyers will see the home as fresh and inviting instead of drab, old and dirty. If the homeowners won’t pull up carpet get the carpets professionally cleaned so they look as nice as possible. Paint the tile in bathrooms so it looks new and updated. A little time and money can go a long way towards boosting the appeal of an older home.

Stage the Home to Show the Potential

The biggest benefit of buying an older home for a young family is the extra space their money will buy. So be sure to play up the space available in the staging. Stage a bonus room as potential nursery. Stage the finished basement as a playroom for the kids. Don’t forget the yard. Put a net and some balls in the yard to highlight the play space available. Stage the master bedroom as an oasis for the parents and make it look lush and relaxing. The more potential that the buyers see in the home the more likely they are to overlook some flaws.

Get a Pre-Inspection Done

Young buyers are going to have some misgivings about an older home because they do not want to get stuck replacing the roof next year or having to fix the air conditioner in two years. Getting a pre-inspection done will show any potential buyers that the house doesn’t have any major issues and that they won’t have to sink a ton of money into the house to make it livable. A home warranty can also reassure buyers that an older home is worth the risk. The home owner should be very up front with any potential buyers and let them know about all the work that’s already been done on the house. Some homeowners way also want to offer a credit for any upgrades or work that needs to be done.

How to Promote Your Listings on Social Media

July 20th, 2017 by gurpreetghatehora

Social media is the best way to promote your real estate listings and connect with potential buyers. Nevertheless, successful promotions on social media are dependent on understanding the most effective ways to use social media. Social media is all about personal connections. If you want to be successful promoting real estate listings on social media you need to combine useful content with sales.

A general rule of thumb is that for every ten posts you make on social media only one of those should be an ad or a listing. If you hard sell your listings and don’t post anything else people will assume you’re a spammer and not pay attention to you. Therefore, you need to post useful content as well as listings in order to connect with people. Useful content can be tips for moving, or tips for spotting a great family friendly neighborhood. Little bits of practical advice that people can use are very popular on social media. Here are some more ways that you can effectively promote your real estate listings on social media:

Use Photos and Graphics

The best way to catch the eye of other social media users is to use photos and graphics. If you’re using Facebook or Twitter post infographics and memes as well as photos. You can make your own graphics and memes easily for free on sites like Canva.com. Make sure that your phots and graphics all have your name or social media handle on them so that they are promoting you as well as sharing useful information.

Don’t Neglect Other Social Media Sites

Facebook and Twitter are the most popular social media sites, but you should not forget about using other social media sites as well. Instagram has made changes so that now it’s easier for people to put up business listings and promote their business. Instagram is easy to use and it’s easy to post house photos and house tours on the photo friendly site. Just make sure you use the right hashtags. Pinterest is another social media site that is growing in popularity. Home design boards are incredibly popular on Pinterest. Therefore, you can create your own design boards highlighting current trends and linking to homes that you are listing that have those design features. There are lots of creative ways to engage potential home buyers on social buyers so don’t be afraid to try sites besides Facebook and Twitter.

Always Be Professional

It can be tempting to let your guard down and vent a little or in other ways act inappropriate on social media but you need to keep your conduct on social media professional. If you wouldn’t shout a statement in a crowd or wouldn’t say it in front of a client don’t say it on social media. Remember that potential clients are always reading what you write.

 

Budget Friendly Kitchen Makeovers To Wow Buyers

June 9th, 2017 by gurpreetghatehora

Home trends come and go but kitchens and bathrooms are still what sells, or doesn’t well, houses. But homeowners may not want to invest a lot of money in a renovation when they want to sell their home. Or they might be in a time crunch and need to sell quickly. Even without a fancy designer renovation there are ways to make the kitchen of a house look more appealing to buyers. Use these budget friendly tricks to spruce up an outdated kitchen and get the interest of buyers:

Get It Professionally Cleaned

One of the biggest turnoffs for buyers is an old and outdated kitchen. But getting the kitchen professionally cleaned can make it look a lot more attractive. Even if you think the kitchen is clean you’ll be shocked at the difference in how it looks once a professional cleaning crew has cleaned it. Everything will be lighter and brighter and the kitchen will look a lot more inviting.

Paint It

A fresh coat of paint can do wonders for any room, but it’s a fabulous way to make the kitchen look more inviting. Pick a neutral color and pick a good quality stain resistant paint. Painting old cabinets is a fantastic way to make them look great without the cost of installing all new kitchen cabinets. A great color paint and new hardware can really make a kitchen look like new.

Change The Lighting

Lighting also makes a big difference in the kitchen. Trading out old and outdated light fixtures for new metal accent pieces is a smart way to make the kitchen seem like it’s more updated than it is. Make sure that the lights are on when potential buyers are in the home so that it looks brighter. You should also remove shades and curtains from windows to increase the brightness in the room and make it look more open.

Change The Countertops

You don’t have to spend a fortune on granite countertops. But changing the countertops will make a big difference in how potential buyers see the house. Even budget friendly countertop options like tile can be a big improvement. Over time those old counters get dingy and dull even when they are clean. A bright new countertop will give the kitchen an updated feel and make it seem a lot more appealing to potential buyers.

Change The Appliances

If you shop carefully you can get new updated appliances even on a tight budget. Buyers will be a lot more interested in a house with old kitchen if the appliances have been updated. The homeowners might even want to offer an appliance allowance as part of the sale so that the buyer can pick the appliances they like and have them installed before they move in.

Tips for Marketing Old Homes for Sale

May 18th, 2017 by gurpreetghatehora

Older homes can be a tough sell. Usually they haven’t been updated as often as they should have been and they can look and feel outdated. If the homeowners don’t want to do a lot of updating there are still things that can be done to make the home more appealing to potential buyers. Creative use of the home’s charms and existing attributes can make an older house a lot more appealing to potential homebuyers. Here are a few tips for marketing an old house that should make it easier to attract potential buyers:

Get a Home Inspection Done

Sure, the buyer will have his or her own inspection done. But in order to get a potential buyer interested in the home it’s a smart idea to have a home inspection done so that potential buyers aren’t scared off by the potential damage in an older home. At the very least get the HVAC, plumbing, and roof inspected so that potential buyers know there are no problems with those things going in. All of those can result in pretty expensive repairs so it should make potential home buyers feel more comfortable buying an older home if they know those things are up to date and not ready to fall apart.

Emphasize the Charm

A potential home buyer who wants new and modern is not going to be interested in an older home no matter how you try to spin in. So go in the other direction. Instead of trying to make the home seem appealing to buyers that want open floor plans and modern conveniences stress the charm and beauty of the historic touches in the home. Get the wood floors redone or at least waxed and shined. Polish the woodwork so that it glows. In order to really play up the historic feel of the home add things like crown molding and wainscoting. Replace the light fixtures the antique replicas. Do whatever you can to highlight the vintage feel of the home. That will attract buyers who really want a character home and don’t mind things like small rooms or not having a big kitchen with an island.

Make It Feel Like a Home

Sometimes new showplace homes feel a little cold and sterile. Character homes can be warm and full of charm thanks to their unique designs. When you’re trying to sell an older character home really highlight that sense of home and family. Burn some cinnamon apple scented candles or bake cookies so the house smells really good. Put out pillows and blankets on the couches and chairs to make it feel cozy. Add some vintage books to the bookshelves to remind potential buyers of the homes they grew up in. The more that you can evoke a sense of home and family the more buyers will be attracted to the home.

Planning On Not Hiring A Real Estate Lawyer?

March 18th, 2017 by gurpreetghatehora

Better Think Again

In our times, finding out information on any topic or subject matter is about as easy as searching the web. There is an overwhelming amount of information contained within blogs, guides, and how-to checklists. But with this torrent of information the biggest problem we face is qualifying the most useful information – remember these days anyone can start a blog and start getting their ideas out on the web regardless of their validity. Real estate closing is one area where some people feel they can forego the associated costs, maximizing their profit, all by avoiding hiring a real estate closing lawyer. Is this the right decision to make?

Think Twice Before Doing DIY Law

The reality is that many people in this situation end up with a larger bill, and most certainly a bigger headache, than those who hire a lawyer that knows the insides and outs of this field. There is a popular saying, a man who is his own lawyer has a fool for a client, and this is pretty much the case when it comes to real estate. Purchasing property is typically one of the biggest purchases the average person makes in their lifetime, and it can also be one of the biggest times for things to go wrong if deals are not hammered out to the fullest extent possible.

Avoid the Problems

Buying or selling a property can be a stressful event, everyone involved wants to make sure they get the best deal and with a minimum of headaches. Real estate law can be incredibly complex, it requires intelligent people investing many years to gain working knowledge in addition of years of practical experience before they can become a real estate lawyer. There are many pitfalls for those that do not understand this vast body of knowledge, and hiring a lawyer to navigate these areas is the best way to have a smooth sale.

Making Sense of the Legalese

You might be smart, perhaps even hold a degree, but it’s important to note the Dunning-Kruger effect which basically states that the majority of people fail to fully assess the skill required to perform well in a given practice. Not only will they fail to comprehend the skill required, but they’ll also over-estimate their own capacity to perform that skill. Reading and comprehending the legalese associated with some real estate deals is not one area you want to be doing guess work, or assuming you understand the implications of what’s been written.

Hiring a real estate closing lawyer for the sale or purchase of property is one of the smartest investments to ensure a smooth and stress-free transition.

Is Now The Right Time To Sell Your Home?

March 8th, 2017 by gurpreetghatehora

Selling your home is amongst one of the larger decisions to make throughout your lifetime. Deciding on the right time to sell can also be quite a stressful event, understanding timing in the marketplace, the necessary steps to take in order to get your home ready, and finding the proper real estate agent for your home are all considerations that must be taken into account. However, amongst the stress and effort there are some clear telltale signs that it’s finally time to go about selling your home.
Your Lifestyle Has Changed
The biggest reason that people sell their homes is that their lifestyle has changed. There are a few examples of this from all walks of life. For instance, a single person purchases a condo unit, eventually they meet someone they want to spend their time with, and eventually this relationship can lead to kids. Two people and a kid living in a tiny condo can be a nightmare with cramped quarters and little space for a baby or toddler to have fun – for some and so this is an example of the right time to sell. Empty nesters are also a prime example that it’s time to sell, maintaining your home and paying for empty space is not very entertaining for some. Once your lifestyle has outgrown your home it’s a good idea to consider moving on.

Your Financially Stable

Another indication it’s a good time to sell your home and move onto a new one is your financial situation. It’s typical for many people who purchase a home to be well into debt, sorting this problem out before moving onto a new home is highly-recommended. You’ll want to make sure you’re out of debt and have upwards of 8 months of emergency funds saved up before you consider selling your home and purchasing a new one. Maybe your sale will help to cover this, but just be very wary of the gamble that you might be taking in these circumstances.

You Can Afford To Move

Being out of debt and having an emergency fund are just two of the first steps you’ll need to make before you consider selling your home. However, it’s common for many people to get swept up in the thought of buying a new home that they don’t take a moment to step back and consider the actual cost of moving and making investments in their home before they sell. A few things to consider such as paint, landscaping, and taking care of old plumbing fixtures that will make a big impact on your sale and typically aren’t high-price items, though you’ll need to budget for them anyway

Two Huge Reasons to Hire A Real Estate Agent

February 25th, 2017 by gurpreetghatehora

There has been quite a number of new technologies and systems that enable sellers and buyers to directly connect and carry out transactions without the need for real estate agents. Many people are considering whether or not they actually need to utilize the services of a real estate agent, and when thinking about the sum of money that can be saved many people will likely opt for the DIY route. In a perfect world, where every buyer and seller is respectable, accountable, possesses great communication skills, and is able to get along throughout the entire sales process a real estate agent would not be necessary. As many people know this is not the case! Here we look at two huge reasons why hiring a real estate agent is a smart choice:

Negotiations

There are quite a number of people, be it sellers or buyers, that think speaking directly with the other party during negotiation can help to achieve a more transparent interaction. In some circumstances this can definitely be true, but you need to be certain that both seller and buyer are level-headed, reasonable people who also get along well with each other.

The reality is that in most cases this is not how direct negotiations between parties play out, as people become hot-headed, and offended during the negotiation process. Expressing your discontent for certain aspects of a property while justifying your reason for a lower-price can come across as a direct personal insult to the seller, which can both infuriate them and frustrate the sales process. Having an agent that can hold your interests at heart while communicating with the other party is going to make this process much more effective in the long-run.

A real estate agent can soften disputes and make sure that each party gets what they want out of the deal regardless of heated personal emotional reactions or concerns, which might otherwise boil-over into full on disputes and halt the sales process completely.

Contracts

Some people may think that contracts are not complicated or may simply not quite understand the implications of a contract. A real estate agent can prevent costly mistakes from occurring. For example; a purchase contract is one contract that can help a buyer – if certain conditions aren’t meant for instance if you are unable to acquire appropriate financing, the contract can help prevent the buyer from losing their deposit and also further being sued by the seller. Working out these details is best left to a real estate agent and their team who will know the best way to handle a sale, as no two deals are identical.

Far from being a pristine utopia, the real world is not an ideal or perfect one and real estate sales process can be tricky and fraught with pitfalls. A real estate agent is the best person to have on your side to ensure that your sales process is simple and as free from stress as is possible.

The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the REALTORS® Association of Edmonton. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.