Adding Value To Your House.

Adding Value To Your House.

From my experience as a Real Estate agent, buyers look at some basic things right away. Obviously each couple and each situation is different but I notice a few similarities between buyers. Some of the similarities are:

1. Washrooms, bathrooms:

People look to see where they will spend a lot of time. They look to see if they are dirty, how big the toilet and tub are. Is there a shower? What is the decor? Is there a fan? What is the lighting? What is the style of it? Tiles?

I’m telling you people look at the washrooms, bathrooms. The best thing to do is clean them and put all of your things away. Clean the dirt in between the tiles. This is so important. Put clean towels there. Pretend you are going to a hotel. Your washroom should look like a hotel room washroom when you first go there.

2. Kitchen:

People spend a lot of time eating. I don’t have stats but I know most people eat at least three meals a day. What I see which turns most people off is people’s drawers and counter being cluttered and fridge being dirty. When people come into your house they want to imagine how they would live in that house. If your sink, drawers and cabinets are dirty most people will not want to live in that. People will look in your fridge. Knowning that make sure it is clean and things are not cluttered. I know it is hard to be neat in a fridge but it is important. Even if you are not giving up the fridge in the deal make sure the fridge is clean!

3. Backyard:

Cut your grass. Daily if it needs it. If people are coming to your house to see if they want to buy it the least you could do is cut your grass. If a couple is going to buy a house in the hundreds of thousands, they do not want to have spend another 5 grand to landscape the house as well. The best thing to do is be simple. Not too much clutter in your garden. If there a lot of clutter, dig it up and replace it with grass. I mean you’re selling your house anyway throw away those old bushes.

4. Doors & Handles:

Changing the front doors, Garage Doors, door handles and or paint them. This can be a quick way to add thousands of dollars and give your home an impression of luxury with a simple thing to change. 

 

5. THE MOST IMPORTANT THING TO DO IS PAINT:

Painting can do wonders for a house. It can totally change the landscape of the house with the proper colours. Make sure you get a professional to do it. A bad paint job can be the exact reverse, lower your value. People look at the corners, they look to see if the paint is even. A lot of people think they can paint. They are wrong. It can lower your value by giving your house a bad paint job. It can also prevent people from buying your house. First impressions are the most important thing to buyers. A buyer usually knows if they will live in a house a few seconds after entering.

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Signs Are the Gateway To Selling Your House

Signs Are the Gateway To Selling Your House

For some reason I’ve noticed that sellers do not want to put for sale signs on their property. I get that it is a hassle telling your neighbours that you are moving, or maybe a little embarrassing to explain that you are leaving for such and such reason, but it is the gateway to selling your house.

As I’ve stated in another article, “Not All Agents are equal.” The same goes for Real Estate signs. Some signs are actually a deterrent to selling your house.
I’ll explain why, people think that you need to get the flashiest agent in the neighbourhood with the most expensive sign. In some neighbourhoods, the agent you’re using says a lot about you and your image. What are the neighbours going to say if you use a discount agent, or if you have an agent that has a cheap looking sign?

I believe this type of thinking is an error. Rather than worry about the agent, worry about what the sign looks like and what technology is being used to harness that. 

Here are some things to look for when speaking to an agent with regards to their sign and tech.

1. Cleanliness:

You want the sign to mirror your house. You want it to look prestigious, not cheesy, crappy picture of the agent. If it looks terrible and fussy, tell them to get a new sign for your house or hit the road. They are not that expensive and you will be doing them a favour. Make sure the riders match the main sign, not different sizes or off colours.

2. Reflective portions:

Make sure there is something reflective on the sign. Yeah it is a bit pricey but if you are paying your agent right, they will get a rider with a reflective material on it. This is important because a lot of exposure is lost after the sun goes down, if not most of it. You are wasting valuable time by not having the sign displayable at night.

3. Domain Name:

Custom domains are not new, but make sure your agent has a custom domain for your house that goes directly to a custom website for your house. Not a general one, a custom one! Gone are the days when agents have one domain for their whole site. You don’t care about their other listings, you care about yours and people driving by, going directly to your house site and getting information.

4. QR Code:

While this is not something that has really caught on in the main world, it is still valid to have a quick bar code for people with mobile who are lazy to type in the domain name. I usually put it right next to the custom domain rider. Why not add that accessibility?

5. NFC:

While this is pretty new, some sign companies have the ability to have an nfc chip put in the rider, so people with NFC phones can just tap and grab info.

Having a sign on your property can be a bit of a hassle but in my experience it drives so much more traffic to the house and to your open house. If you do get a sign make sure it has the stuff mentioned above built into it.

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read more

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read more

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Buying a house and using the listing agent is like going into court without a lawyer to represent you. Each and every time I have a listing, I have somebody calling me asking me "what's the price if I don't have an agent and buys directly though me?" I always want to...

read more

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Reverse mortgages

Reverse mortgages

Seniors today are living longer, saving less, spending more and carry more debt. Unlocking their home equity is likely the most viable solution for a significant number of these people. Exclusively for Canadian Homeowners 55+ 

The CHIP Home Income Plan is a home equity loan (reverse mortgage) available exclusively to Canadian homeowners 55 years or older. With the CHIP Home Income Plan, individuals can take up to 50% of the value of their home as tax-­‐free cash, and unlike a traditional loan, they never have to make a payment until they choose to move or sell. Homeowners can use the funds as they see fit; pay outstanding debts, fix-­‐up their homes or cover monthly expenses. CHIP’s unique loans help clients maximize their cash flow, with rates you might not expect. 
Advantages 
Funds can be advanced as a single lump sum, regular payments, or a mix of both 
No payments (principal or interest) are necessary for as long as your client or their spouse live in their home 
No need for traditional income qualification • 
The amount of funds available vary by client and/or spouse’s age, location and dwelling type, at its appraised value 
Loans cannot be recalled once placed Help you position yourself as the debt expert for every member of the family
Written by Mary Lepone-Flor
For more information click here

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No Land Transfer Tax

No Land Transfer Tax

People outside of Toronto can breath a sigh of relief. There will be no municipal land transfer tax added to the already ridiculous provincial land transfer tax already in effect.

Municipal Affairs Minister Ted McMeekin announced the Liberal government would not allow towns and cities to impose their own land transfer tax on top of the province’s. He said that “No One Was Asking for a Municipal Land transfer tax”.

This is great news for territory outside of Toronto because it has been claimed the municipal land transfer tax has already cost Toronto up to $2.3 billion in lost economic activity and 15,000 jobs, but there are no indications it has cooled down the city’s real estate market.

“We are currently reviewing that feedback and can tell you there has been no call, at all, for a municipal land transfer tax, nor is there any legislation before the house that would allow this,” he said. “Let me be clear: there will be no extension of the ability to have a land transfer tax to any municipality (outside Toronto).”

OREA the Ontario Real Estate Association said that this was a “huge win” for people who dream of buying Real Estate.

Although many sources have said that this is the end, it is hard to say whether or not those millions of easy cash grab dollars will not be up for debate again.

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I read articles all the time written by Real Estate agents who are trying to convince themselves that we are in a good business to be in, and that it is necessary to use an agent for every transaction. In Toronto, put up a sign and your property will be sold by the...

read more

Transit Solutions Would Help Lower GTA Prices

One thing that can truly help lower GTA prices are some major transit solutions. It is apparent that the GTA market and all of the surrounding areas have gone buck wild in the past few years, and especially in the last few months. So many sales records have been...

read more

Why You Should be Underpricing Your House For Sale?

Its all about quantity and impression.When people are buying a house, they get into some-what of a HEAT! Underpricing Your House drives that heath up. I would call it a hunter gatherer mind set. Buyers are constantly on the hunt, and one thing that I've noticed is...

read more

Would You Go Into a Court Without a Lawyer?

Buying a house and using the listing agent is like going into court without a lawyer to represent you. Each and every time I have a listing, I have somebody calling me asking me "what's the price if I don't have an agent and buys directly though me?" I always want to...

read more

Liberals Are Going to Tank This Market!

What is the one thing the liberals are looking for right now? Votes and money. The way that they will try to get both is to try and capitalize on this hot real estate market.    The middle & lower class does not like the fact that they cannot afford any real...

read more

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Solar roof panels are the ugliest feature to attach to your house. I tried to sell a house once with solar panels and nobody wanted to even think about it. The panels were bulky and ugly, and the technology to save the power to batteries was messy and confusing. ...

read more

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If you put an offer on a house that goes into multiple offers, chances are you must waive two conditions: home inspection, and financing. We will deal with financing next week, but for now lets talk about the home inspection clause. In the 80's there was no such thing...

read more

The Banks Are To Blame For Our “Housing Bubble”

The banks are to Blame for Our Housing bubble. No Really, there is no one else to blame. You could throw the government in there too but mostly the banks. You can blame Realtors for driving up market price. You can blame Owners for jumping on the band wagon and...

read more

Madison Avenue Pub

Madison Avenue Pub

It all started in 1983 when Dave and Isabel decided to open a small bar in the basement of 14 Madison Avenue. Then over the years we grew, and grew some more; now we occupy 3 Victorian mansions with several bars and multiple patios, all interconnected. Thanks to our unique style and labyrinthine layout, we are famous throughout the world. Beautifully designed for comfort and intimacy, all of our pubs display a distinct British flair with tastefully decorated walls, brass fittings, oak bars and comfortable booths. Each of our rooms has its own special attributes which help make The Maddy the perfect hangout spot for anybody and everybody.

But the main thing that makes The Madison so incredible are our amazing customers who flock here by the thousands every week, just as they’ve been doing for over 30 years. The Maddy is THE place to socialize any day or night. Come and find out why, and get lost inside.

 

Madison Avenue Pub

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