Understanding The Types Of Markets

It’s a buyer’s market. It’s a seller’s market. You’ve probably heard these terms before. But what do they really mean when you’re considering buying or selling a home?

A buyer’s market exists when the supply of homes in a particular market exceeds the demand. Since there are more homes for sale, and fewer buyers, homes tend to stay on the market longer and prices may drop.

As a home shopper, you would have more time to look for a home, and more negotiating leverage.

In a seller’s market, by contrast, there are more buyers looking around than there are homes for sale. This would be an advantage when selling a home because the demand would likely cause the home to sell more quickly and for a better price.

As a home shopper, however, you would have to make decisions more quickly, since others may be interested in the same properties.

As you can see, each market has its pros and cons – for both buyers and sellers.

Luckily, a Realtor® who understands your local market can help you navigate through either market condition and help get you into your next dream home.

Your Real Estate Connection:
Marina Gavrylyuk
Real Estate Agent with Sutton Group Summit Realty
www.MarinaG.ca
Marina.Realtor
RentListingService.comCondos and Houses for rent
CondoName.comNew and Resale Condos and Towns from Developers

Reposted from http://www.marina.realtor/ixact-understanding-the-types-of-markets/

Marina Gavrylyuk
Sales Representative
Sutton Group-Summit Realty Inc. Brokerage
1100 Burnhamthorpe Road West #27
Mississauga, Ontario, L5C 4G4

Cell: 416-843-1515 Tel.: 905-897-9555
Email: 
Marina@MarinaG.ca
Web: 
www.MarinaG.ca
Marina.Realtor

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The Three Most Important Rooms

When you prepare your house for sale, you want to make every room look stunning. But, for any number of reasons, that isn’t always possible. You may not have the time or resources to redecorate or “stage” your entire house. So if you have to choose just three rooms to focus on, which should they be?

According to studies, home buyers base over 50% of their overall impression of a home on three rooms: the front entrance area (or foyer), the kitchen, and the main family room. So it pays to focus your efforts on these key areas.

To begin, make the front entrance area look as spacious as possible. Remove coat racks, shoe mats, and other items that may make the space seem smaller than it is.

Then, make sure the kitchen is as clean and uncluttered as possible. Remove any unnecessary appliances and other items from the countertops. Touch up cupboard areas where the finish has chipped or faded, and consider upgrading the hardware.

Finally, make sure the family room feels spacious and comfortable. You want a potential buyer to imagine relaxing there, with his or her family.

Your Real Estate Connection:
Marina Gavrylyuk
Real Estate Agent with Sutton Group Summit Realty
www.MarinaG.ca
Marina.Realtor
RentListingService.comCondos and Houses for rent
CondoName.comNew and Resale Condos and Towns from Developers

Reposted from http://www.marina.realtor/ixact-the-three-most-important-rooms/

Marina Gavrylyuk
Sales Representative
Sutton Group-Summit Realty Inc. Brokerage
1100 Burnhamthorpe Road West #27
Mississauga, Ontario, L5C 4G4

Cell: 416-843-1515 Tel.: 905-897-9555
Email: 
Marina@MarinaG.ca
Web: 
www.MarinaG.ca
Marina.Realtor

Beware of Bargain Hunting

When shopping for anything — clothes, MP3 players, even homes — it’s natural to look for a bargain. We all want to pay the lowest price possible.

However, this attitude can get in the way of finding, and getting, the home we want. In fact, many people miss great opportunities because their price expectations are too low.

Find out what the current market price is for the type of home you’re considering. Then set your expectations accordingly. If you do, you’ll stand a much better chance of finding the home of your dreams.

Your Real Estate Connection:
Marina Gavrylyuk
Real Estate Agent with Sutton Group Summit Realty
www.MarinaG.ca
Marina.Realtor
RentListingService.comCondos and Houses for rent
CondoName.comNew and Resale Condos and Towns from Developers

Reposted from http://www.marina.realtor/ixact-beware-of-bargain-hunting/

Marina Gavrylyuk
Sales Representative
Sutton Group-Summit Realty Inc. Brokerage
1100 Burnhamthorpe Road West #27
Mississauga, Ontario, L5C 4G4

Cell: 416-843-1515 Tel.: 905-897-9555
Email: 
Marina@MarinaG.ca
Web: 
www.MarinaG.ca
Marina.Realtor

Selling Your Home? Consider a Pre-Sale Inspection

A home inspection isn’t just useful when buying a home. It can be invaluable when selling one, too.

How?

A home inspection can detect previously unknown problems that you may wish to address before putting your house on the market.

For example, let’s say an inspection reveals that there is a small crack in the foundation. Getting this fixed in advance could help prevent the “buyer turnoff” or price reduction that could result if the buyer’s inspector were to discover the problem first.

Your Real Estate Connection:
Marina Gavrylyuk
Real Estate Agent with Sutton Group Summit Realty
www.MarinaG.ca
Marina.Realtor
RentListingService.comCondos and Houses for rent
CondoName.comNew and Resale Condos and Towns from Developers

Reposted from http://www.marina.realtor/ixact-selling-your-home-consider-a-pre-sale-inspection/

Marina Gavrylyuk
Sales Representative
Sutton Group-Summit Realty Inc. Brokerage
1100 Burnhamthorpe Road West #27
Mississauga, Ontario, L5C 4G4

Cell: 416-843-1515 Tel.: 905-897-9555
Email: 
Marina@MarinaG.ca
Web: 
www.MarinaG.ca
Marina.Realtor

What To Expect During a Home Inspection

A home inspection is a vital part of the buying process.

It protects you from unknowingly purchasing a house that has serious deficiencies – and thereby turning what was initially a dream home into a nightmare.

So what actually happens during a home inspection? Here are a few snapshots of what to expect.

  • There is no quick way to properly inspect a house. A thorough examination by a qualified home inspector will take at least two hours, and possibly longer.
  • Don’t just wait around. Accompany the home inspector during the examination.
  • Expect the inspector to check the house inside and out, top to bottom. The inspection should include a trip to the roof, a visit to every room in the house, a crawl into the attic, a look inside electrical outlets, and more. (If all of these are not done, ask why.)
  • An inspection is a lot like a doctor’s examination. It should check every system of the house for potential problems: structural, electrical, heating and cooling, roofing, ventilation, grading (to ensure that water drains away from the house), and plumbing.
  • Ask questions during the inspection. Learn all you can about the maintenance of the house, what needs to be repaired and other issues. If there are problems, find out if they are serious or relatively minor.
  • When the inspection is complete, you should receive a comprehensive written report. If you don’t understand something, don’t hesitate to ask.

There are several options for dealing with deficiencies, including asking the seller to make required repairs or asking to renegotiate the price based on the cost of repairs.

Your Real Estate Connection:
Marina Gavrylyuk
Real Estate Agent with Sutton Group Summit Realty
www.MarinaG.ca
Marina.Realtor
RentListingService.comCondos and Houses for rent
CondoName.comNew and Resale Condos and Towns from Developers

Reposted from http://www.marina.realtor/ixact-what-to-expect-during-a-home-inspection/

Marina Gavrylyuk
Sales Representative
Sutton Group-Summit Realty Inc. Brokerage
1100 Burnhamthorpe Road West #27
Mississauga, Ontario, L5C 4G4

Cell: 416-843-1515 Tel.: 905-897-9555
Email: 
Marina@MarinaG.ca
Web: 
www.MarinaG.ca
Marina.Realtor

Understanding The Psychology of Clutter

Read any Top 10 list of things to do to prepare your house for sale and “Get rid of the clutter” is sure to be on it.

But how important is cleaning up really? Does your home have to look immaculate, like it’s been torn from the page of a decorating magazine? Can’t the average buyer look past a little clutter and see the value of your home for what it really is?

The answer lies in psychology.

Clutter – a disorganized garage, an overstuffed closet, a disheveled basement – can make people feel uneasy and even edgy. In a study published in the Journal of Family Psychology, clutter was even linked to depression.

In addition, clutter can create a feeling of hesitancy, even inertia. “At the sight of clutter people shut down,” says organization expert Cathy Philips. “They don’t want to do anything”. But you want a home buyer to do something – make you an offer!

Clutter can also draw attention to the wrong things. Instead of a big double garage, for instance, a buyer’s attention may be focused instead on boxes, lawn equipment and bikes piled in the corner. Clutter can instantly turn a great selling point into a turnoff.

And if all that isn’t enough, clutter has the knack for making everything seem smaller. A big spacious closet can look downright claustrophobic when stuffed to the ceiling with shoes, clothes and boxes.

So don’t underestimate the psychology of clutter. According to research by HomeGain, getting rid of clutter ranks as one of the best investments you can make in preparing your home for sale, averaging a 594% return on your investment.

Looking for more ways to sell your home faster and for more money? Call 416-843-1515 today.

Your Real Estate Connection:
Marina Gavrylyuk
Real Estate Agent with Sutton Group Summit Realty
www.MarinaG.ca
Marina.Realtor
RentListingService.comCondos and Houses for rent
CondoName.comNew and Resale Condos and Towns from Developers

Reposted from http://www.marina.realtor/ixact-understanding-the-psychology-of-clutter/

Marina Gavrylyuk
Sales Representative
Sutton Group-Summit Realty Inc. Brokerage
1100 Burnhamthorpe Road West #27
Mississauga, Ontario, L5C 4G4

Cell: 416-843-1515 Tel.: 905-897-9555
Email: 
Marina@MarinaG.ca
Web: 
www.MarinaG.ca
Marina.Realtor

The Principles of Pricing Your Home

Wondering how much your house would sell for in today’s market?


To find out, you’ll need answers to these three questions:

How much have similar houses in your community sold for recently? Review sales in your area over the past six months as well as homes currently listed. This information will give you a clearer idea of what the market is willing to pay.

What desirable special features and upgrades does your home have to offer? Home buyers are willing to pay a premium for hardwood floors, larger kitchens, bigger closets, renovated washrooms and finished basements. Depending on market conditions, these features may allow you to increase your selling price a few percentage points.

Does your house have any undesirable features? Be brutally honest. If your house has just one washroom, or backs onto a busy highway, or has some creaks in the floors, then you might have to reduce your price expectations by a few points.

You might be surprised by what you could get for your house in today’s market. To find out more, call today.

Your Real Estate Connection:
Marina Gavrylyuk
Real Estate Agent with Sutton Group Summit Realty
www.MarinaG.ca
Marina.Realtor
RentListingService.comCondos and Houses for rent
CondoName.comNew and Resale Condos and Towns from Developers

Reposted from http://www.marina.realtor/ixact-the-principles-of-pricing-your-home/

Marina Gavrylyuk
Sales Representative
Sutton Group-Summit Realty Inc. Brokerage
1100 Burnhamthorpe Road West #27
Mississauga, Ontario, L5C 4G4

Cell: 416-843-1515 Tel.: 905-897-9555
Email: 
Marina@MarinaG.ca
Web: 
www.MarinaG.ca
Marina.Realtor