Welcome to Our Real Estate Blog! At Royal LePage Team we’ve always been about providing great customer service and results for our buyers and sellers but…while we were busy helping people with Ottawa area real estate we forgot that there are a bunch of people out there who might be looking for resources to help them sort through the whole buying and selling process. Of course would love to help you directly but…maybe you don’t live in the Ottawa area, maybe you’re already working with someone or maybe you’re just interested in real estate but not ready to talk to someome yet. Whatever your reason, thanks for stopping by! We hope you’ll come back often and leave your comments and questions! We’re happy to be here!
Staying Objective: Top 10 Problems for Home Buyers to look for
Remaining objective can be a difficult task for buyers when viewing homes. It’s easy to fall in love with a home’s appearance, blind to problems that may make it unsuitable. While aesthetics can be an important consideration, it’s necessary to look beyond window-dressing. A qualified home inspector should be hired before purchasing a home, but there are areas that you the buyer can examine on your own. This will help shorten your list of potential homes that you may be considering and reduce the likelihood that a home inspector will reject it as unsafe or unsuitable. Here are some considerations and common problem areas to look for: 1. General upkeep: Much can be surmised from the general state of the home. Is the home clean? Are lawns left uncut? Are the walls chipped and in need of paint? If smaller chores have been ignored it may be an indication of a broader disregard for home maintenance. 2. Water leaks: Check ceilings and drywall for stains, bulges and other signs of water damage. Water that works its way inside via a leaky roof or a cracked foundation can rot wood, create mildew and mold, destroy possessions and can be expensive to repair. 3. Does it work?: Test lights, faucets, the heater, air conditioning, major appliances (that are to be included with the home) – even flush the toilets to ensure everything is working as it should. 4. Floors: As you walk across the floors be aware of ‘spongy’ (soft or springy) sections. Excessive squeaking and uneven, bumpy floors may also be indicative of expensive forthcoming repairs. 5. Doors and windows: Check that doors and windows fit snugly in their jambs and operate smoothly. Look for flaked paint and loose caulking. If the wood around windows and doors is not protected from moisture, it can rot away. Feel for drafts in these areas too. 6. Poor drainage: On a wet day walk around the yard and look for areas where water collects. This can be an especially bad sign if there are soggy areas near the home’s foundation. 7. Grout and caulking: If the grout and caulking around bathroom and kitchen tiles is loose and crumbly, there is a good chance that water is finding its way into the wall or under the floor. 8. Structural: Although this is definitely an area where you want the services of a qualified home inspector, you can get an idea about possible structural problems if you see deep cracks in the foundations or loose mortar and bricks. 9. Miscellaneous concerns: Furniture Placement Naturally, one the most important factors will be determining if the house suits your family’s needs. If you do not want to replace all of your furniture, make sure it will fit into the rooms of the new house. This is difficult to do by eye, so be sure to bring a measuring tape. 10. Storage space. If you are moving from a home with large closets and a shed, make sure your new house is able to store an equivalent amount of belongings. Keeping these problems in mind when you go through a home and discussing your needs and wants with a trusted Realtor may help you avoid falling in love with a home that doesn’t meet your expectations. Happy house hunting! For more information conatct one of our sales representatives.
Determining the Value of Your Home
The Buyer ultimately determines the true value of your property, ...in other words what would a willing Buyer pay for your home in today's market place given an arms length transaction. To help determine what a potential Buyer may be willing to pay for your home, a clear understanding of how your Royal LePage Representative assesses your Market Value will educate you on how your sales representative evaluates your home and why the market evaluation is an essential part of helping you get the results you are looking for which is... Selling your home for the most money in the shortest time period. What is the definition of Market Value? Market Value is the highest price estimated in terms of money which a property will bring if exposed for sale on the open market allowing a reasonable time to find a buyer who buys with the knowledge of all the uses to which it is adapted and for which it is capable of being used. Frequently it is referred to as the price at which a willing seller would sell and a willing buyer would buy, neither being under abnormal pressure. Key Elements that Need to be Initially Considered Before your Royal LePage Team Realty Sales Representative can compare your home to similar properties and establish a competitive list price, it is imperative that the following points be taken into consideration: Condition of Home and Showability a Availability for Viewing Location Size Style Age Features, Upgrades and Extras Community Amenities Accessibility of Financing for Buyers Market Conditions ie: Buyers Market, Sellers Market, Stable Market Supply and Demand Getting to Know Your Market Your Royal LePage Sales Representative will prepare a Comprehensive Market Evaluation which will help identify what today’s buyers may be willing to pay for your home. It compares the market activity of homes similar to yours in your neighborhood and will include details of: homes that have recently sold, which may represent what buyers are willing to pay homes currently listed for sale that may compare to your home and could potentially be in competition with your home after you place it on the open market for sale homes that are available for purchase through New Home Builders homes that are available for sale privately homes that have expired, which may have been caused as a direct result of overpricing or may have been caused as a direct result of the poor condition of the home or a combination of both. A Comprehensive Market Evaluation is based on the most current market information and will allow you, together with your Royal LePage Team Representative establish the proper marketing price for your home.
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