Do Open Houses Still Work?

Buyers are using the internet to search for properties more than ever before. In some cases, they can even go on a “virtual” tour of a home using their smartphone or desktop computer. So, you might be wondering if the oldfashioned Open House still works these days?
 
The answer is yes. Otherwise, you wouldn’t see them advertised. If Open Houses didn’t work, no one would be doing them! No matter how good the internet gets, it can’t compete with a buyer being able to visit a property in person, walk through the rooms, stand in the backyard and imagine himself BBQ-ing with his family, stroll the area, and meet neighbours.
 
An Open House makes it easy for buyers to do just that. It’s an open invitation for them to come by at a specific date and time, to see the property and chat with the REALTOR®. It’s a casual environment, which many buyers prefer. Some buyers, in fact, are more comfortable going to an Open House before scheduling a private viewing.
 
Will you need an Open House to sell your home?
 
That depends on a lot of factors. When I work with clients, I put together a marketing plan designed to sell the property quickly and for the best price possible. Depending on the circumstances, that may or may not include an Open House.
 
If you have questions about what would be involved in a quick and successful sale of your home, contact me. I’d be happy to chat and answer your questions! 416-779-8732
 
*Article Provided by Morris Marketing*

Should You Rent Out Part of Your Home?

Have you ever considered renting out a room to a student or renovating your basement into a self-contained rental apartment? It’s a big decision. There are many pros and cons to consider.
On the pro side, renting can provide you with additional income. An extra few hundred dollars a month can go a long way towards paying down your mortgage or splurging on an exotic summer vacation. Creating rentable living space in your home — for example, an “in-law suite” featuring a kitchenette and bathroom — may also increase your property’s market value.
On the con side, you’ll have more costs and responsibilities as a landlord. For example, you might need to purchase extra insurance because basic home insurance policies typically do not cover rental units, even if you’re just renting out a room. You’ll also be responsible for dealing with repairs sometimes in the middle of the night. Also, if you’re not careful about the renter you choose, you might end up with a “problem tenant”. For example, you could have a tenant who is consistently late on rent payments or simply stops paying. That can be stressful.
If you’re deciding whether or not to rent, be sure to check local laws and regulations. Many jurisdictions have very strict rules regarding renting out space in a residential property, and those rules change frequently. Make sure you get the latest information. Give me a Call and I will be sure to help you out!
416-779-8732
*Article Provided by Morris Marketing*

April Market Update

I have just put the Finishing Touches on this Month’s Market Watch Newsletter. Click Below to Download your FREE copy today!

No Homes for Sale in the Area You Like? Here’s What to Do…

Imagine there’s a neighbourhood you’d love to live in someday, but, every time you drive through, you rarely, if ever, see a For Sale sign. It’s as if homes get gobbled up by buyers the moment they get listed.
 
It’s true, properties do tend to sell quickly in desirable, in demand neighbourhoods. Does that mean you’re destined to either hope for a lucky break or miss out on ever living there?
Fortunately, no. There are practical things you can do to increase your chances of getting into that neighbourhood.
 
Your first step is to find out the kind of new home you can afford. You want to get your financial ducks in a row so when a listing does come up in the area, you’re able to respond quickly. Find out the average price range of homes in the neighbourhood. Then, if necessary, talk to your lender or mortgage broker.
 
The second step is to get your current property ready for sale. You don’t necessary need to list it now, but you want to be in a position to do so quickly, if necessary. You may need to clean up and declutter, get repairs done, and spruce up your home in other ways.
 
The third step is to contact me. You see, listings in popular neighbourhoods often move fast. By the time you see them advertised on the internet, they may be gone. I can closely
monitor listings in that area for you, so the moment one comes up that meets your criteria, you can be alerted. This greatly increases your chances of getting that home.
 
So if there is a dream neighbourhood you’d love to get into, Call Me at 416-779-8732
 
*Article Provided by Morris Marketing*

Brampton Housing Market Update

See a current snapshot of the housing market with Zolo’s Brampton real estate market trends. Get real estate stats on average house price, housing inventory, average days on market AND MORE. Click Below!

https://www.zolo.ca/brampton-real-estate/trends

Soundproofing Techniques

Renovating rooms to absorb sound may seem ambitious, but the results can be rewarding, especially if you’re investing in an
entertainment room for movies, music and video games, or trying to contain the sounds of your kids’ social activities.
 
The most effective approaches are installed at the building stage, as some of the best sound-deadening materials are designed to be applied within the walls, floors and ceilings, rather than on their inside-facing surfaces.
 
In cases where you wish to retrofit a room’s existing interior, there are various types of rigid panels and baffles, as well as soft fabrics and foams that can make an impressive contribution to your peace and quiet.

First Time Buyer Seminar

Come out and join us Monday, April 9th at 7:00pm for our First Time Buyer Seminar. Click Below to REGISTER and Find out More Information!

www.buysmartseminar.com

Is Your Home Market Ready?

Putting your home on the market may be the last thing you have on your mind. But, as you know, life happens. Things change. You might unexpectedly find yourself in the position of wanting, or having to quickly sell your home.
 
It happens more often than you might think. In fact, according to studies into why people sell their homes, more than a third are due to relatively quick and unexpected changes. Something happens – a job relocation, a lifestyle change – and the homeowner finds him or herself making a move.
 
In these situations, the biggest source of stress is caused by the need to prepare the current home for sale. If you’ve lived in your house for a few years, or even just a few months, you know how quickly things can pile up. The garage gets filled with stored items. Things needing minor repairs get put on hold.
 
That’s why it’s a good idea, every so often, to inspect your property and ask yourself, “If I had to put my home on the market this month, what would I need to do?” Then plan to get those things done. That way, if you suddenly find yourself wanting to sell your home quickly and for the best price, you’ll be ready!

Getting Your Home Hunting Ducks in a Row

Say you’re shopping for a new home. Your goal is to find the ideal house or condo, in a neighbourhood that is just right for you, within a price range that you can afford.
 
What do you need — at minimum — to get started?
 
If you’re looking for ways to get your ducks in a row, here are some things to prepare:
 
• A property wish list. What does your ideal home look like? How many bedrooms does it need to have? How much parking do you require? A nice view? Get your wish list down on paper.
 
• A neighbourhood wish list. Where you live is just as important as what you live in. What qualities are you looking for in a neighbourhood? A nearby park? Walking distance to a good school? Hiking trails? A shorter drive to work? Write it down.
 
• A pre-approved mortgage. Getting the financing handled up front takes the guesswork out of what you can afford. Sellers will also take any offers you make more seriously.
 
• Realistic expectations. 90% of homes sell at or near the current market rates. So don’t expect to find a bargain that no one else has noticed.
 
Looking for more advice on finding your next dream home?
Call me! 416-779-8732

Getting a Handle on the Home Selling Process

You probably know there’s more to selling a home than putting up a For Sale sign. But, if you don’t understand the process in detail, you might feel intimidated and stressed when it comes time to put your property on the market.
 
Fortunately, the home selling process isn’t that difficult to
understand. There are basically six steps. Step one is selecting the right REALTOR®. You need a knowledgeable, trusted expert who can guide you through the process, take care of all the details, and help sell your home quickly and for the best price.
 
Step two is preparation. You need to ensure your home is clean and uncluttered. It’s also important that you take care of any needed repairs, even minor ones like wall dents.
 
Step three is the listing price. You need to select a listing price at or near the fair market value of your property.
 
Step four is promotion. How will buyers find out about your property? An effective promotion plan is critical.
 
Step five is dealing with offers. Ideally, you’ll get several. But
the best offer is not necessarily the highest one. An offer can fall through for many reasons, so dealing effectively with offers is, perhaps, the most important part of the home selling process.
 
Step six is the transaction. Once the sale is made, you want to know that you have the right professionals in place – your lawyer, mover, etc. – to make sure all the after-sale details are taken care of properly.
 
Want more ideas for making sure the home selling process
goes smoothly for you? Call me! 416-779-8732
 
*Article Provided by Morris Marketing*