Your home has both a personal value and a market value

Your home has both a personal value and a market value.

When you think of your home as a place where a family is raised and memories are built, then it’s like those popular MasterCard commercials on television: Your home’s value is “priceless”.

But when it comes to how much your home is worth to potential buyers, then things get much less sentimental. It’s the “market value” of your property that determines how much it will sell for, not your personal feelings.

Market value is simply the price that similar properties in similar neighbourhoods are currently selling for. If you were to list your home on the market today, you could expect to get somewhere close to that figure.

Even if you’re not planning to sell your home in the near future, it makes sense to get an update on its fair market value. Your home is an investment – and you should know how much that investment is worth. Let us provide you with a free market evaluation.

There may also be circumstances where you might have to move quickly. Knowing the market value of your home will help you make quick – and better – decisions.

If you’re thinking about prepping your home for sale — or have already decided to sell — it’s important to have a good sense of what your home is worth in today’s market. Let us assist you in providing houses that sold similar to yours and reviewing this important data with you.

How do you determine the market value of your property? Contact us and we will be happy to assist you in a free market evaluation.

 

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Do you have recalled products in your home?

 

Do you have recalled products in your home such as a Venmar HRV?  There’s no doubt you noticed the occasional news report’s about a this product being recalled for safety reasons. Other examples of recalls would be, a car model with a brake problem, or a children’s toy that, under some circumstances, may cause injury.

recall productYou may not know that these news reports are merely the tip of the iceberg. For each product recall you hear about in the media, there are dozens that get little, if any, publicity. That means there may be products in your home that have been recalled — and you don’t even know about it.

It’s a scary thought.

How do you find out about recalled products that may affect you?

Here are two tips.

1. Always complete the registration that comes with many products. This is typically done by mailing in a registration card or filling out an online form. When you register, you’ll be alerted by the manufacturer if the product is recalled for any reason.

2. Both Canada and the United States have agencies that list recalled products on their websites. In Canada it’s the Healthy Canadians website at www.healthycanadians.gc.ca. In the United States it’s the Consumer Product Safety Commission at www.CPSP.gov. It’s a good habit to check these sites every season. If you discover that a product in your home has been recalled, contact the manufacturer immediately.

Never assume that the reason for the recall won’t apply to you.

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Two Benefits of a Pre-Sale Home Inspection

HomeInspection

Your home probably has dozens of great features that are going to help it stand out and sell faster. Perhaps it has a cozy sunken living room  or an equipped and smartly decorated kitchen that Rachel Ray would envy. Maybe its the location in a desirable neighbourhood or a wired detached garage.

All these things will help.

But there’s another selling feature you should consider adding: a pre-sale home inspection.

A professional home inspection is usually done on behalf of the buyer before the deal to purchase a property is finalized. In fact, you can expect almost all offers to purchase your home to be “conditional upon satisfactory home inspection.” However, there are two good reasons why you, as the seller, should get the home inspection done:

Reason #1

A professional inspection can identify problems that might otherwise thwart the sale.

Say, for example, you get a great offer but the buyer’s home inspector discovers a minor crack in the foundation. That might be enough to jeopardize the deal. However, if you had a professional inspection done, you would have had the opportunity to get that problem fixed in advance of the offer.

Reason #2

Informing potential buyers that a professional inspection has been done is a great selling feature. It demonstrates to buyers that there are no hidden problems with the property, which gives them more confidence to make an offer.

Pre-Sale Home Inspections are becoming more and more popular throughout the St. John’s real estate market.  It’s becoming an enticing feature for many first time home buyers.

There are a lot of Home Inspectors throughout the St. John’s area.  Contact us today and we can give you a list of names.

Need more ideas for selling your home faster and for a better price? Contact us!

Selling your home during the winter

selling in winterTypically the winter season may not be the most popular time to sell a home. This is true in almost all real estate markets in Canada. But does this mean you have to wait until the weather warms up to list your property? (That could be August for St. John’s.  HA!)

FACT:  Did you know that statistically you can get MORE for your home during the winter due to the lack of active homes on the market for sale? Couple this with the fact that most buyers that are looking during the winter season are typically VERY serious buyers!

With the right strategy and a bit of hard work, we can make your home stand out to potential buyers in a season where competition is less fierce and certain buyers are highly motivated to purchase.

Call or email us and let us show you how!

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