After much consideration, you have decided to list your house and enter the real estate market. You have a list price in mind and believe that it should be sufficient to cover your mortgage, as well as any fees associated with selling. Yet, many homeowners overlook a few costs that are sometimes a necessary part of selling. Continue reading →
Legally, what are you required to disclose to buyers when you put your home on the market? Just major problems or current issues, or do you have to disclose past repairs as well? We posed this question to real estate lawyers in Canada and the U.S., and this is what they said:
It’s well known that summer is a busy season for buying homes. But there are plenty of benefits — on both sides of the transaction — to consider decking the halls of a new home during the holidays.
Buying a Home:
Sellers are motivated. Since this time of year is a less popular time to list, usually if the home is on the market, the sellers are motivated to sell their home. (They might be trying to shop during this “off-season” as well.) So, take advantage as the timing may help you get the most home for your money.
Managing Broker Christine Wilczek of Realty Executives Elite has one takeaway for sellers: to attract buyers, make sure your current house feels like their future home. The real estate expert based out of Lemont, Illinois, had honest guidance for radio callers and for Frank Fontana, who hosts WGN’s “The Frank Fontana Show” and designs on HGTV’s Chicago version of “Design On A Dime.”
For those looking to sell their home, Wilczek had some key pieces of advice:
Staging your home isn’t optional, it’s necessary. Wilczek says staging is one of the most important parts of marketing a modern home because of what she called “the HGTV effect.” “Today’s buyer watches a lot of TV shows, including HGTV shows,” she said. “Today’s buyer wants to walk into staged perfection. They don’t truly have a vision of what a house can become. They want to walk into and already see the vision of what a house is. That’s how our market has changed.”
De-personalize your home. “If there are any personal pictures up, take them down,” Wilczek said. “It’s a distraction to a potential home buyer.” She also advised sellers that taking out references to pets in a home is critical as it’s a major buyer turn off. Then, neutralize wall color and remove other personal objects to ensure the home is ready for a buyer to view, Wilczek said. Continue reading →