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Is your home close enough to your hangouts?

If you love to play golf but your favourite course is over an hour away, it can really impact your enjoyment of the game. The long drive may start to wear on you – unless, of course, you truly like the commute. In fact, how close your home is located relative to all your favourite “hangouts” can play a big role in your lifestyle. If your work, hobbies, and other activities are too far away, getting to them can become a chore. When you consider car or transit expenses, getting to those far-away hangouts can be costly, too.

Your hangouts may include:
• Work 
• School 
• Shopping 
• Recreational activities 
• Medical facilities 
• Family and friends 

Here’s a helpful exercise. Write a list of your most important hangouts. Then, imagine living closer and jot down what your lifestyle would be like as a result. This may give you the clarity you need to decide whether to stay or move.

For example, say you have family across town. You want to see them more often, but the long drive gets in the way. Imagine how things would be different if you moved to that area. Would you enjoy your life more?

One obvious solution, of course, is to move closer to the places you frequent most. If you’re tired of a long commute to work each day, moving even a half-hour closer can make a difference to your overall well-being. You would have an extra hour a day to do other things!

Yes, deciding to move can be an intimidating decision. But, a better lifestyle – closer to your important “hangouts” – may be worth it. It’s certainly worth thinking about...

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Creating the ideal working relationship with your agent

If you’re working with a landscaping contractor, you want to develop a good working relationship with that professional, so you can avoid delays, stress and other issues. After all, the last thing you want is a tree planted in the wrong spot because of a misunderstanding!

The same holds true when working with a real estate agent. Whether you’re buying, selling, or both, you want the process to go smoothly and successfully. Creating an ideal working relationship with your agent is an important step toward making that happen.

How do you do that?

First, ask your agent to go over the process with you. If you’re selling your home, you want to understand the steps the agent is going to take. That way, there will be fewer surprises. In particular, you’ll want to discuss how viewings will be handled. You’ll need to come to an agreement as to when your home will be available for viewings, how short-notice viewings will be handled, and whether or not “lockbox access” will be needed.

Don’t be afraid to ask questions, even if you’re worried about seeming to be naive. (You won’t!) You don’t want to have unanswered questions or concerns between you and your agent.

Also, know that misunderstandings and mistakes can happen in any relationship with a professional. So if an issue comes up, discuss it right away. Don’t let it fester.

Finally, remember that your agent should be a professional like me, with expertise in buying and selling in this market. When I make a recommendation regarding pricing, prepping your home, viewings, etc. remember that I am working in your best interest. I want to sell your property, quickly and for a good price, just as much as you do!

Looking for an agent you can trust? Contact me today!

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DOES THE HOME MEET THE "LIFESTYLE TEST"?

Lifestyle is a very important criterion when shopping for a new home. After all, a home and its surrounding neighbourhood are the places where much of your lifestyle is going to be experienced.

So when considering a new home, think about the lifestyle to which the property is going to lend itself. Ask yourself:

• How much entertaining do we do?
• How important is it to have good schools located nearby?
• How long will the commute to work be?
• How big of a backyard do we require?
• Do we need a rec room?
• How easy will it be to get to golfing, dance lessons, baseball practices, movies and other activities my family and I enjoy?
• How important is it to be in a quiet area?
• Do we want a local park nearby for jogging, playing with the kids, and walking the dog?

This list is just an example. Ideally, you’ll create your own list of questions to ask yourself when considering a particular home.

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CREATING A REALISTIC NEW HOME BUDGET

You’re probably aware that there’s more to the cost of a new home than its purchase price. So to help you make an informed decision based on all of the expected costs, ask yourself the following questions:

• How much do you expect to pay for moving expenses? Don’t forget to include packing materials in your calculations.

• “Closing costs” are the extra charges you will have to pay at closing. How much do you expect your closing costs to be?

• Estimate how much you’ll pay for activating your phone, internet service, cable television, and so forth, at your new home. These little costs can add up.

• Will your new property require painting, repairs, and other preparations once you move in? How much will they likely cost?

• Will you need to purchase new furnishings, decor, and other items for your new home? What’s your budget for those items?

The more aware you are of the true costs of purchasing a home, the better your decision making will be. And, if you decide to buy, you’ll be able to do so with much more confidence.

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HOW TO TELL IF A NEIGHBORHOOD IS IMPROVING

When you’re looking for a new home, you want to find one in a great neighbourhood – or, at least, in a neighbourhood that is on the upswing. How can you tell if a particular area is improving? Here are some common indicators:

• Pride of ownership. Take a walk around the neighbourhood. Do you get a sense that people take good care of their homes? Are the lawns mowed? Is the landscaping trimmed? Are flowers planted? Homeowners are more likely to look after their properties when they like where they are living.

• Real estate sales activity. Do homes tend to sell quickly in the area? Do they sell for a good price? If so, the neighbourhood is probably in demand. If people want to live there, it’s a desirable area.

• Business investment. Are businesses investing in the surrounding area? Is there an increase in the number of upscale shops, health clubs, restaurants, and other commercial enterprises that often locate near desirable neighbourhoods?

• City plans. Find out what plans the city has for the area. Will there be road improvements done in the near future? Are there any major construction projects on the schedule, such as a new school or community centre? Although such projects can be disruptive in the short term, they may improve the neighbourhood – and, as a result, boost the value of any home you buy – in the long-term.

If you need help finding this information, call today!

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3 Not-So-Obvious Indicators it’s time to sell!

There are many good reasons to put your property on the market. Some examples include a relocation, the kids leaving the nest, the need for something bigger or smaller, and the list goes on and on. However, there are also some less-than-obvious indicators that it may be time to sell. Consider the following:

Your Property is no longer a Good “Fit” - Your home may have been perfect for you when you bought it. But things change. Families grow. Needs evolve. For any number of reasons, your property may no longer be a good fit for you. If that’s the case, it makes sense to at least take a look at what’s available on the market. Who knows? Your next “perfect” home may be for sale right now — within your price range!

The Neighbourhood is Changing - You may have been in love with the neighbourhood when you first moved in. But, over time, the characteristics of any area can change. Those changes don’t necessarily mean the neighbourhood is getting worse. In fact, it may be changing in a positive way; perhaps becoming more urban. But, “more urban” may not be what you want. So take a look at the direction your neighbourhood is heading. Ask yourself, “Do I still want to be living here in two years?”

You’re Ready for Your Dream Home - Remember when you purchased your current property? Did it have every feature you wanted? Was it your dream home? Or, did you have to compromise on a few things, such as the size of the kitchen? If you had to make some tough choices back then, it might be time for you to finally get the home of your dreams. Those are just three indicators it may be time for you to make a move. Of course, there are many others.

If you’ve been entertaining the idea of selling your property and finding your next dream home, give me a call. I can show you what’s available on the market, and keep you informed of new listings that match what you’re looking for. Contact me anytime.

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5 Ways To Create Space in Your Home

Is your home feeling a little cramped? If so, there are many relatively inexpensive ways to free up more space. Here are some ideas:

Convert traditional into non- traditional space. We’re all familiar with converting a spare bedroom into a home office or kids’ playroom. You can also create space by finding other uses for pantries and walk-in closets.

Explore smart storage solutions. There are many products on the market that revolutionize how you store things. For example, there are closet organizers available that double storage capacity. Check out the options at your local home improvement store.

Get rid of unneeded furnishings. Is there a chair no one ever uses? Is there a side table that takes up a lot of space, with nothing but a few knick-knacks on it? Consider selling these items to free up some space.

Think high. Install storage shelves, hangers or baskets high up in the kitchen and laundry room. Use that storage for items you only access infrequently.

Consider storage rental. If you have furnishings and other items that you don’t want to get rid of, consider renting a storage unit. There may be economical options in your area.

With a little creative thinking, you’ll be amazed by how much space you can create within your existing rooms.

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Should You Renovate or Move?

Whether you need to upsize or you’re simply ready for a change, it’s tempting to consider a major renovation. After all, renovating means you don’t have to go through the process of selling your property and buying another more suitable home. You just fix up the one you’ve got!

However, you need to carefully consider the pros and cons of renovating before going this route. You don’t want to invest in a costly renovation only to end up with a home that still doesn’t meet your needs.

Say, for example, your current property doesn’t have a home office. Since all the bedrooms are taken, you decide to renovate a portion of the basement. Building that new home office may seem like a simple project, but once you consider new electrical, flooring, lighting, etc., it really isn’t. Like most renovations, it will probably cost more than you think. Plus, you’ll need to consider whether you’ll really want to work in the basement.

In this case, it might make more sense to find a new home with an extra bedroom that can be converted, or, better still, a dedicated home office space — with windows!

Of course, there are many circumstances in which a renovation may be the best way to go. If you don’t like your kitchen, for example, upgrading it may not only get you the kitchen you want, but also add value to your property. Basically, you need to ask yourself: “Which is more likely to get me the home I really want – a renovation or a new home?”

If your answer is a new home, then there is probably a property on the market right now that would meet your needs. Let’s talk.

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4 Things You Should Know About Staging

You’ve probably heard about “home staging”. As the name implies, it’s all about arranging each room in your home in a way that will make the best impression on buyers. Here’s what you need to know about staging if you’re thinking of listing your property.

1. Staging can get you a higher price. On average, a fully-staged home tends to sell for 17% more than an unstaged home of the same type in the same local market. Depending on the current market value of your property, doing some staging in your home could put thousands of extra dollars in your pocket, post-sale.

2. It can speed up the sale. A study by the Real Estate Staging Association (RESA) showed that fully-staged homes spend an average of 90% less time on the market. So, if you need to sell quickly—without dropping your price—or you just want the comfort of having offers come in sooner, staging will definitely help.

3. You don’t have to go crazy. Completely staging every room in your home is going to give you the full benefits of this strategy. However, you don’t have to go that far. In fact, just implementing a few simple staging techniques to some key rooms can make a big difference.

4. Get professional help or advice. When it comes to home staging, don’t guess at it. Get professional help or advice. As a REALTOR®, I have a lot of expertise in this area and often provide clients with proven, do-it- yourself staging tips and suggestions. I also use a professional stager. Contact me anytime.

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How to Accelerate the Sale of Your Home

If you’re riding a bike and want to get to your destination sooner, you need to bear down and pedal faster. And, of course, you need to make sure you’re doing that safely! So how do you “pedal faster” when you need to sell your home quickly and still make sure you get a good price?

First of all, make your home look its best. That means more than just getting it clean and tidy. You need to make sure repairs are up-to-date, even if that just means fixing a dripping faucet you’ve lived with for years. You may also need to make some tough choices when it comes to decluttering.

Secondly, it’s important to set the right list price. That takes a lot of expertise, market data and old-fashioned sales savvy. If your list price is too high, buyers won’t be interested. If it’s too low, you’ll leave money on the table.

The next thing you need to do is be flexible when it comes to viewings. If you’re too restrictive as to when buyers can see your home – say, only Saturdays from four to six – then you may miss opportunities for a quick sale. A buyer might end up buying a home during the week before they even get a chance to see yours on Saturday.

Finally, don’t be too firm with your desired closing date. If you’ve purchased a property that closes in three months, and then receive an offer with a four-month closing, consider it. There are options, such as bridge financing, that can make it work for you.

The bottom line is, these tips take a little more “pedaling”, but they’ll help you get to your destination – a sale – sooner.

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Make a "Great Things" List

What’s great about your home? Is it the spacious foyer and generous main floor closet space? Is it the beautiful washroom? Is it the playground that is only a short walking distance away?

Although some properties may look similar at first glance, every home is unique – with features and characteristics that make it special. If you’re considering putting your home on the market, make a list of all the great things about your property that potential buyers will want to know.

Start by thinking about the most desirable features of your home. Write down what you really love about the house and the surrounding area.

Next, think about what friends and other visitors to your home think is great about it. Have you ever heard anyone say something like, “I really love your kitchen!” or, “This is such a quiet street”? Those are indications that potential buyers will like those features and characteristics too.

Then, we should talk. Together, we will determine all the great things about your home and area, and how to market them.

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Creating a Practical Home Office

Is your home office the dining room table? Is it anywhere you can sit down undisturbed with your laptop? If so, you might be interested in converting a room or nook into a dedicated home office. Depending on what you do for a living, there could be a tax advantage to creating this space too.

The first step is to pick a spot. Ideally, you want an area where you can work without too many distractions. Next, make sure the spot you’ve chosen can accommodate a desk and any other furnishings you’ll need. Think about what you want within easy reach of your work area. Will you need a place for books and other papers? An extra chair for client meetings? A flipchart? A filing cabinet? Think about all of the options in advance.

Then, you’ll want to make sure the spot you picked has the electrical outlets you need, especially if you’re going to have a printer, special lighting, a computer and other items that need power.

Finally, you’ll want your home office to be a place where you can enjoy working. So decorate it with that in mind. If you like plants, get plants. If you enjoy golf, have your golf trip pictures hanging on the wall.

With a little work, you can quickly create a home office space that is comfortable, functional and enjoyable. It sure beats the dining room!

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What Type of New Home Are You Qualified to Buy?

When you think about looking for a new home, one of the first questions that probably comes to mind is: "What type of property can I afford?" That's an important question because your price range is a major determining factor in the types and sizes of homes you should be viewing.

You don't want to waste time looking at properties that are beyond your price range. At the same time, you don't want to purchase a less-than-ideal home, only to realize later on that you could have afforded more.

So how do you determine what type of new home you are qualified to purchase?

The first step is to find out what your current property would likely sell for in today's market. I make that calculation for clients all the time. It involves reviewing what homes similar to yours have sold for recently, as well as other data — such as special features your home may have that are likely to boost the selling price.

Once you know the current market value of your home, subtract any outstanding mortgages and estimated selling expenses, and you’ll end up with an amount that can be applied to the purchase of your next home. (You may also have other funds you want to use.)

The next step is to talk to a lender or mortgage broker to see how much of a new mortgage you qualify for. (Call me if you need a recommendation.) It's important to get a Pre-Qualification or Pre-Approval. That makes the offer you make on a new home more credible.

If you want to find out the types and sizes of homes you can get into, give me a call. I'd be happy to show you the possibilities!

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5 WAYS TO MAKE THE SELLING PROCESS STRESS FREE

For some homeowners, the process of listing, showing and selling their home can be stressful. Fortunately, there is plenty you can do to make it much less nerve-racking—and even exciting and enjoyable. Here are some ideas:

1. Make a plan.
Decide when you’re going to show your property, search for a new home, view listings, etc. Block out these times in an agenda book or calendar. That way, you and your family can see what’s coming up.

2. Be flexible.
Few things go exactly as planned! So, it’s important to build in flexibility. For example, you may plan to see homes for sale on Saturdays, but if an opportunity comes up on a weeknight, give yourself room in your schedule to jump on it.

3. Eat well.
There are numerous studies that connect poor nutrition with increased stress. When people are selling and moving, there’s a tendency to rely on quick fixes, such as hot dogs and pizza! Try to plan more nutritious meals that will keep everyone healthy and energized.

4. Get stuff done early.
Doing things last minute, such as finding a real estate lawyer or getting rid of clutter, can quickly lead to stress and frustration. Whenever possible, get tasks done early. That way, you won’t have to worry about them.

5. Hire the right professionals.
By far, the surest way to a stress-free move is to get the right professionals working for you: everyone from contractors to mortgage brokers to movers.

By the way, a big part of what I do for clients is help make every aspect of buying, selling and moving go smoothly. Contact me to learn how I can help you.

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OPEN HOUSE QUESTIONS SOME BUYERS FORGET TO ASK

An Open House is an event. And, like many events, it’s easy to get caught up in all the excitement and energy. In fact, when you visit an Open House, you might even end up rubbing elbows with other buyers who are there at the same time. It can feel like a party!

In an environment like that, it’s not unusual to forget to ask important questions about the property. Here are some of the most common:

• How old is the roof?
• How old is the furnace, air conditioner and other HVAC equipment?
• How does the price compare to similar properties in the neighbourhood? (You don’t want to make an offer that’s too high.)
• What are the characteristics of the neighbourhood? (Amenities, safety, traffic, access to public transit, property turnover, etc.)
• What doesn’t come with the home? (Ask specifically about kitchen appliances, gas-connected BBQs, chandeliers, window coverings.)
• Are there any potential impediments to the sale? (Tenants, outstanding liens, etc.)
• Are there any outstanding maintenance issues, or repairs that need to be done? (For example, cracked ceramics on the foyer floor.)
• Are there any issues that impact the full use of the property? (Ask specifically about shared driveways or walkways, public “right of way” through the property, water drainage rights from neighbouring homes, etc.)

Yes, an Open House can feel like a frenzy, and if it’s a home you love, you might feel pressured to make an offer. But, it’s important to take the time to ask the right questions and consider your decision carefully. You don’t want to find out, too late, that there were questions you should have asked.

Want more tips on finding the home of your dreams? Call today.

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