THOUGHTS ON REAL ESTATE
Wednesday, November 23, 2011

A stunning Steveston Sunset in November

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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THOUGHTS ON REAL ESTATE
Monday, November 7, 2011

To pre or not to pre . . . inspect that is.

 
 
 
 
 
 
 

 
A little while back I posted a question on a professional blogging site. The site caters to realtors, mortgage brokers, home inspectors, home stagers etc. My question was this - "What are your thoughts on a prelisting home inspection?"
 
The range of responses was astounding and some of them unexpected. My thought today is to put the question out there in a more public domain to see what people think before I post the other responses in the next few days.
 
So, if you are a seller do you see a benefit to having a prelisting home inspection? If you are a buyer do you see a benefit to the seller having a prelisting home inspection? These are both if yes - why / if no - why questions and actually require a bit of thought.
 
I have another question to this as well - if you are the buyer and the seller has already had a home inspection, would that be satisfactory or should you have your own done as well? 
 
 
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Monday, June 13, 2011

I didn't see that in the photos!

I was out with a buyer couple the other day looking for their first starter detached home. We had picked out a few homes that seemed to have potential and arranged to view. It's not always easy to tell from the photos online what you will drive up to. The pics of the interior of one home looked very nice, clean and updated. However, when we drove up to the property the first thing we see is a neglected front yard with overgrown grass, hedges in serious need of a trim, weeds. Just so umkempt it looked like the sellers didn't want anyone to come and have a look! The difficult part is that the buyer's form an opinion about the home before they even get out of the car.
  

 
The assumptions made, whether correct or not, is that the seller hasn't taken care of the inside either. First impressions go a long, long way and can colour the rest of the experience. The house maybe perfectly fine but the curb appeal (front and/or back) is questionable.
  
Getting your yard ready for sale is important to improve your chances of a quicker sale and for better dollars. If you don't like yardwork or don't have time, hire a neighbour's kid or a local yard maintenance company to deal with the lawn and cut back overgrowth. The investment will be well worth it. A few baskets with a splash of colour in the spring/summer/fall are easy to come by and just require strategic placement. You don't need to do a lot - it just needs to look neat and cared for. A trim yard speaks volumes to buyers about how you care about the property you are selling.
  
 
 
 
 
 
 
 
 
 
 
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Saturday, April 30, 2011

Say Yes to the House?

I didn't watch the royal wedding but I did watch 2 hours of highlights last night. By no means am I royal watcher, but the Reader's Digest version of events called my attention. Right after the program I was still suffering from wedding hangover and watched a show called, "Say Yes to the Dress" - a show about a highend bridal shop in New York. Not exactly a ripping Friday night but it was there and I was tired and couldn't bother to change the channel.
 
The premise is that a bride and her entourage have an appointment to meet with a consultant to discuss wants and desires of the perfect wedding gown. After a brief introduction the sales consultant asks the bride if she has an idea in mind of what she is looking for style wise and price range. In this episode, they all did and all had photos of their dream dresses. The consultant searches and finds them options that match or come close to their idealized vision of the perfect wedding dress that meets their criteria within their budget. However, when they tried them on they were unhappy to see that the styles or designs were not for them (didn't flatter them) but resisted suggestions of other types of dresses. They had their idea of want they wanted!
 
It made me think of home buyers. Most buyers have an idea of exactly what they want in the style/design of a home, features (bling, feathers, ruffles) where they want to live etc and often like brides to be can't or don't want to consider other options even though the consultant can see what's not working; not fitting.
 
Just like on the program where the brides were encouraged to look at and try on other types of dresses, buyers sometimes need to be encouraged to look at and "try on" other types of properties and are often quite surprised at what is available to them that is a much better fit. Part of the role of real estate consultant is to listen to the buyer for needs and wants. Sometimes, these things are either a little unrealistic, unattainable at this time, or just not a good choice that will serve the buyer well.
 
Buying a wedding dress or a home may not be the same thing, but the process is similar. Your real estate consultant can show you options and ideas that you may not have thought of that will work well for you and fit your needs better. It's about being open minded to what's available on the market and looking beyond your original ideas if they don't work.  You just might say "Yes" to the house you never thought you would.
 
 
 
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Thursday, April 28, 2011

Are you ready?

 

 
 
 
 
 
While the screaming hot real estate in the Richmond/Vancouver area has cooled somewhat there are still properties that do create enough desire to stimulate immediate interest resulting in an offer almost as soon as the listing comes out. The area may not even be particularly "hot" but if the condition is good, the location good and the price is right and these meet YOUR criteria ("your good deal" are you ready to take action?
 
1. Is your preapproval/financing place and your mortgage rate secure?
 
2, Is your deposit money and inspection funds etc available?
 
3. Have you established a relationship with a Realtor® to determine your needs and wants and set up a property search?
 
4. Are you available on relatively short notice to view properties?
 
5. Are all the decision makers involved and available?
 
It does happen that people find the place of their dreams only to hesitate 
or have not taken the steps to be prepared to take advantage when the "deal" presents itself. You rely on your 
Realtor® for guidance, expertise and support and our advice it to be ready.
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Saturday, April 23, 2011

A Question of Neighbours

A Question of Neighbours

 

Once in awhile the question gets asked – “What do you know about the neighbours?” or “Who lives next door?” Whether the question is directed at me representing a buyer or directly to the seller or their agent, this is basically an open mine field for anyone who actually wants to attempt to answer. The question it seems gets asked more frequently by folks looking at high and medium density complexes as opposed to single family residential neighbourhoods. Closer living quarters equals closer contact.

The reasons why buyers ask are usually based around personal safety, level of interaction and how people tend to get along, noise, expectations of participation etc. (Though in my experience they aren’t actually able to define what they want to know clearly) All very difficult for anyone to assess and pass fair judgement. And that’s what it is – a judgement based on personal experiences, perceptions, expectations, desires, personal like and dislikes. Some people do have biases about who the people who maybe living around them but how someone else describes another person is very subjective. Is it the realtor to suss out ‘kind of people’ will live near you? There’s also a bigger question of ethics underlying the smaller question of wanting to know about the neighbours.

If you ask someone about neighbour and they tell you he has a slight mental health problem – what exactly does that mean? It means nothing really because there is no substance behind the statement. If you ask the woman who was cheated on by her husband by a neighbour, she may have nothing nice to say even though the “culprit” maybe a very nice individual. Maybe someone doesn’t like kids – or at least the neighbour’s kids. Maybe a neighbour doesn’t like certain cooking smells and has made an opinion of someone based on that. This could go on indefinitely. It happens all the time and it’s all about a point of view.

If a buyer is truly concerned (and they should be) about criminal activity, sex offenders and drug houses, and property crimes, that information is easily accessed by anyone including the realtor through local crime statistics and a quick search on the internet of community news stories. This is fact based information and part of my role to help people make educated decisions about where they want to live.

If a buyer truly feels the need to know about neighbours, than they need to do the legwork themselves of driving around, talking with people, knocking on doors, asking personal/private questions, talking with property managers etc. The can then form their own opinions based on the opinions of others.

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Monday, April 4, 2011

STAGING FOR LIVING

Hi Everyone:
 
When we talk about "HOME STAGING" we generally tend to think of staging as something we do to our house to get ready for market to sell. While this may often be the case, Home Staging by an expert eye for day to day living can help declutter, revamp, reorganize and provide a comfortable and inviting room or home for us. According to Reenie Riley at StagedNSold it's a service worth considering after you move ing as well!
 
Re: Staging for living


Staged to Live - Redesigning Spaces
 
Looking for a change or a "roomlift"? Many clients are looking for a change. They are not ready for a move but are looking to remove "dated areas" in their home. New home owners also benefit from this service when making choices for their "New Nest". StagedNSold Home Staging Professionals consult with homeowners to enhance home life experience. We can do as much, or as little as you require.
Contact Reenie in Vancouver - http://www.stagednsold.com/team.html
 
 
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Tuesday, March 22, 2011

Quick bathroom fixes

I would say "cheap" as well, but that word is interpreted differently by everybody. I generally tend to think that most people notice the same things I do (this is mostly from experience of going through so many homes with so many people). That said, there are a couple of things that can be done easily or moderately easy by anyone within what I consider reasonable cost. 

 

1. If the caulking around your tub/shower/toilet/sink is showing signs of mold or mildew either clean it to pristine white (not as easy as you think) or remove it and replace it. There are so many "DIY" videos on the web or 1 hour courses available at places like Home Depot (I have seen them offered on the bulletin board at the Richmond, BC location) that I won't go into the details here. I'm sure Rona offers similar seminars. I've done the replacing in my 3 bathrooms in my Ladner home and have done it before in my Steveston condo) and it's not that hard to do.

 

2. A fresh coat of a neutral coloured bathroom paint (yes there are different types of paint - bathroom paint is made specifically to handle the moisture content) always refreshes and brightens a room and can cover up minor flaws. And don't forget to paint the trim around the floor, window frame and door.

 

3. If you have a bathroom fan and it full of lint, dust, rust or just looks gross try and have it replaced - ditto for a very outdated light fixture. (you may need to hire an electrician if you don't know one or can do this yourself).

 

4. Towel bars, toilet roll holders and shower rods can be very inexpensive and are generally very simple to install. So, if you are painting, remove these items first; make any repairs and then replace. Light switch plate covers are super cheap and dead easy. Knobs and draw pulls are easy and cheap as well. Ditto a toothbrush holder, garbage receptacle and soap dish (personally I prefer a liquid soap at the sink - much neater). 

 

5. Linens and shower curtains - if your home is going on to market, pick up a few fluffy white towels and a nice white/neutral coloured shower liner (you don't need a full curtain set). Put the towels out only for showings. It's amazing how pristine clean packs a punch with a prospective buyer.

 

6. I like to keep bric a brac in the bathroom to a minimum - of course, space usually dictates how much is out. A single large candle, a small flower arrangement, no toiletries except a great bottle of cologne. Be careful with scent, it bothers a lot of people. If your home is being shown put the hair products (shampoo and stuff included) away. 

 

7. Probably one of  the most important thing is a super deep cleaning. Got guys in your house? Ever looked at the wall behind the toilet?????  I'm just saying. 

 

8. So, if you have extra cash and feel the need to do a little bit more decide on what YOU notice that you don't like. Is it the flooring? the sink? the mirror or wall cabinet? The tub? The shower or surround? These are things that may take you in the realm of needing a little more expertise and assistance which costs money on top of materials. And some of these materials are not cheap either. 

 

If you have any ideas you would like to add or things you have had success with, please feel free to post! Would love to hear from you. 

 

 

 

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