One of the Most Asked Buyer Question...
…is “How long has the home been on the market?”
Here are some of the many reasons for asking, especially on homes with extended market times.
Generally, the longer a home has been on the market, the less confident the buyer is about the home’s value and the less attention it gets. In contrast, a newer listing garners lots of interest ...
Posted by Barbara Scarlett
on May 15, 2012
Seller Remorse- or Seller Cold Feet
Typically 2 situations exist in which the Seller may get cold feet about selling:
During the listing period or before an offer,
After an offer is accepted
Here is a summary of these two circumstances.
1. During the Listing Period
If the seller changes his mind about selling when the home is listed and being marketed to potential buyers, in ...
Posted by Barbara Scarlett
on April 30, 2012
Are You a Buyer Customer or a Client?
Under Ontario regulations, if you are buying or selling, real estate salespeople are required to inform you of the available types of services that can be offered as soon as practically possible.
The Agency Relationship and Your Options
Salespeople are further obligated to obtain a written acknowledgement that the various services have been explained and ...
Posted by Barbara Scarlett
on April 3, 2012
What's a reasonable time to own a home?
On average homeowners sell their home within seven years of buying and that’s increasing. Any number of sellers fall short of this average. Some sell within one to two years of buying for various need-based reasons, such as:
Financial stress due to illness, job loss or being too stretched,
They dislike like the neighbourhood once there,
So ...
Posted by Barbara Scarlett
on March 2, 2012
SELLING A HOME WITH A POOL IN WINTER?
Properly closing a pool can go a long way to having it function properly upon reopening it.
If Selling a Home with a Pool, Hire an Expert
If selling a home with a pool during the cooler months, it’s advisable to hire a 3rd party pool expert to winterize and close your pool. With a receipt of work performed, you can also obtain a report that states ...
Posted by Barbara Scarlett
on February 21, 2012
4 Selling Challenges in a Separation
REALTORS® we often come across listing a home in which the husband and wife have separated. Here are 4 common issues we run into in situations where the separation is contentious:
1. The spouse who continues to live in the home is often the aggrieved party.
As the separation has already caused enough stress, he or she is the least motivated to sell. A ...
Posted by Barbara Scarlett
on February 16, 2012
Heating Your Home...
Heat Your Home Efficiently and Save
If you follow these tips, you’ll be able to keep your house warm and cozy all winter – without spending extra on energy.
Adjust your thermostat and try zone heating
Set your thermostat 3°C (5°F) lower while you're asleep or away from home, and you'll save up to six per cent on your heating bill during colder months
Use ...
Posted by Barbara Scarlett
on January 16, 2012
Buyers Express Opinions on Buying in Extensive Study
The National Association of REALTORS® (NAR) recently released a Profile of Home Buyers and Sellers. Here are just a few interesting findings regarding buyers:
6 Main Reasons Why People Buy a Home
Most mentioned by buys was the simple desire to own a home of their own.
Other Major Reasons identified by all home ...
Posted by Barbara Scarlett
on January 9, 2012
Sellers Convey Attitudes in NAR Study
The Profile of Home Buyers and Sellers also had a number of Seller findings worthy of note. Again, here are just a few.
Primary 10 Reasons for Selling:
Home is too small
Job Relocation
Want to move closer to friends and family
Neighbourhood has become less desirable
Change in family situation
Home is too large
Moving due to retirement
Want to move ...
Posted by Barbara Scarlett
on January 9, 2012
Buying a Private Sale Can Be Costly
Mortgage fraud in Canada is estimated to range in the hundreds of millions of dollars in losses. Mortgage fraud in private sales further contributes to the problem.
So lenders are grappling with a variety of precautionary measures. In mortgaging private sales, here are some due diligence approaches being used:
1. A Lender May Require Default Insurance. Recently ...
Posted by Barbara Scarlett
on November 22, 2011