Tag Archives: sale price

Marketing

4 Simple Things to Help Maximize the Sale Price of Your Home

February 15, 2017

How do you get the most you can for your most valuable asset?

When it comes to selling your home, you want to do everything in your power to get the highest selling price you can for it. It’s likely to be your most valuable asset, and you’ve worked for it.

This doesn’t mean you need to do a complete overhaul on your home – and you shouldn’t. Undertaking major work may end up costing more than the value it adds. 

Luckily, there are several simple things you can do to bump up your home’s value before the sale. (Click to Tweet)

Spruce Up Your Yard

Your home’s curb appeal plays a major role in its value. Make sure your lawn is looking its best, trim your trees and plant a few flowers. 

Don’t go too overboard, though; prospective buyers don’t want to think about all the yard work that will be involved. The plants you choose should look great but be easy to care for.

Apply a Fresh Coat of Paint

New paint is the quickest way to give your home a facelift and make it feel like new. You don’t need to do the entire house, but look out for any areas that are worn, peeling or stained. 

Try to keep the overall look as consistent as possible so that no area looks significantly better than any others.

Upgrade Your Fixtures

New fixtures, like doorknobs, cabinet pulls and faucets can transform your kitchen and bathrooms. 

Remember that you will no longer be living in the house, so there’s no need to go for the most expensive options. Choose something that looks nice and fresh but that doesn’t break the bank.

Clean Your Carpets

This is something that you should entrust to the professionals. The last thing you want your prospective buyers to see is the areas of wear and tear leading up and down every hallway. 

Professional carpet cleaners can restore your carpets to their former glory so that they almost look like they have never been walked on.

For even more ideas like these, let Residencity handle the sale of your Vancouver home. We are experts at what we do and can help you get the most out of your property sale. 

That way you can use the proceeds towards the purchase of your dream home. 

We’re revolutionizing the sales process to make it easier for vendors and buyers alike. When you sell with us you receive the best staging, photography, and marketing available. Your home looks its best, which maximizes the sale price.

Call us on 604.288.9166 today to learn more about our services and to get your home sale started.

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Marketing, Price

10 Shortcuts to Selling Your Home Without Losing Your Mind

February 07, 2017

Selling your house can be a headache.

You want the process to be as quick, easy and painless as possible. But your home is a significant asset so it’s crucial you find someone you can trust to maximise the sale and support you through the process.

So how exactly do you do that?

Well, there are ten key things that you need to get right. We’ve pulled them all together to make life easier for you.

1.     Engage the Best Agent

Engaging the best agent for you and your property is critical. The best agent is not the person who helped your friends or family sell their place because that was only one sale.

The best agent is an individual with a strong track record, good market knowledge, and stellar personal service. We recommend that you interview at least three agents.

Yes, this is just like hiring an employee. But the thing is, this person is working for you and selling your most valuable asset – your home.

So invest the time to make sure you have the right person for you and your property.

2.     Get a Pre-Inspection

We get pre-inspections on properties before offering them for sale. Here’s why.

The pre-inspection places your property above the competition, promotes confidence in potential buyers, and gives you stability. A pre-inspection also helps you avoid a lot of stress and inconvenience when you’re selling your home. (Click to Tweet)

You avoid offers vanishing after they’re accepted. You avoid sleepless nights wondering if the inspection will uncover something. You have the opportunity to fix anything that’s discovered early on.

You also have the upper hand when it comes to the bidding process.

3.     Stage it Right

Staging your house is an art in itself. It helps you present your property at its’ best, which increases the number of potential buyers.

But staging isn’t easy to get right so it’s a great idea to get help from the professionals. Residencity gives you professional advice on the best way to stage your home for beautiful photography and an effective sale.

4.     Provide a Floorplan

Research suggests that buyers are less likely to enquire about a property or arrange a viewing without a floor plan. The survey by Rightmove suggests that a floorplan may even be more important than the main image or summary description of your home.

Floor plans can demonstrate the flow of you home to potential buyers. They’re also a useful reminder to buyers after they’ve visited a property.

We believe floorplans are essential to marketing your property effectively, so be sure your agent includes them when publicising your home.

5.     Present it Professionally

You’re smart so you know that everyone is online these days. People look at any potential homes thoroughly before they view them in person so professional presentation is important.

Your property needs to stand out as being better and more inviting than the competition. This starts with professional photography.

Ask potential agents how they plan to photograph your home and eliminate anyone who doesn’t use a professional photographer. Professional photography brings out the best in your property and can elicit emotion, which sells homes more effectively.

 

 

6.     Provide a feature sheet

Just listing your home isn’t enough. It has to be marketed professionally, particularly if you want it to sell quickly, and for the maximum amount.

The more information you can provide potential buyers, the better. A feature sheet can answer questions before they arise and help you stand apart from other buyers. (Click to Tweet)

A high-quality feature sheet also allows you to showcase the benefits of your particular property, and make the most of your professional photography.

7.     Arrange an Open House

Open homes help sell your house – if they’re done right. You want your agent engaged and attentive, and working to sell your property.

Unfortunately, many agents see open homes as an opportunity to find buyers who don’t have agents. Not cool.

At Residencity, we only represent sellers – not buyers. We want to help you have the best experience possible when it comes to selling your home.

8.     Receive Reports

No matter who you engage to sell your house, be sure they have regular communication with you. In particular, you need to know the how many visitors have been on your property, and you should receive an open house report.

As the vendor, you’re entitled to know what is going on and also be informed of any neighborhood sales and listings.

9.     See all Offers

Be sure that your agent shows you all the offers they receive. This is a real problem in the real estate industry.

Some agents filter offers to ensure they receive a commission for both the purchase and the sale of the property. In fact, agents can filter offers for all sorts of reasons that you’re not aware of.

You need to be sure you can trust your agent to show you all the offers, and to work with you to negotiate the best deal.

10.           Close the deal

A good agent will help you close the deal. Between the initial sales agreement and settlement (or closing) there can be questions. The agent can help you by answering questions, helping to resolve issues and move the transaction to close.

 

 

 

At Residencity we believe in offering you the best. We include pre-inspections, professional photography, floor plans and feature sheets as standard with all our property listings.

If you’re interested in listing your home for sale, give us a call at 604.288.9166 to see how we can help.

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Uncategorized

The 3 Types of Real Estate Agents (Which One Are You Using?)

September 08, 2016

If you go on public sites to search for properties you will notice listings with poor property descriptions, a lack of photos as well as poor presentation of the property.

How do these properties get sold? Regardless of poor presentation, these properties get sold for one reason – by riding the wave of a hot market.

We broke down agents of these listings down into 3 categories:

New or Emerging Agents

 Most new agents may not have money to market a house. They pass their licence and a significant amount of their savings goes towards their education, branding, website, business cards and perhaps leasing a BMW.

An agent gets paid on closing, which is the date the keys transfer and this can take months. They are bogged down with expenses while waiting to receive their pay cheque and it will take a few deals to get out of this cycle to have capital on hand to market a property.

Experienced Agents

Experienced agents evaluate the market conditions and spend accordingly – for the most part.  If the market is hot, they will do a minimal amount of marketing as the property is most likely going to sell anyway.  

If the market is slow, they will cut back on spending as there is a risk that the property may not sell and they would have to take money out from their own pocket.

Professional Agents

These agents have a structure for marketing that they follow each time they acquire a new listing. These are the agents you want to list your property with as consistency is key.

These people have systems in place for every step of the process, from the consultation to marketing to signing the deal.

Where do you find professional agents?

Through your own research, what you want to look for in an agent is consistency.

One way is to go on the agent’s website and look for consistency in the description, lighting, and style of images on the active properties.

Or the easy way is to hire Residency.

At Residency we are all about consistency and having systems in place for the entire sales process. This way we do not have keep making things up as we go along.

This ensures your experience with us is that much more enjoyable.

Call 604.288.9166 or email us to see what we can do for you.

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Uncategorized

“It’s about the sale, not the amount it sells for”

August 02, 2016

The real estate industry is designed to focus on increasing the volume of transactions rather than delivering a quality product. A real estate agent is only invested in 3% of your property (the commission you are paying them) and they are focused on speeding up that process in order to get their 3% as soon as possible.

Here are some examples of how real estate agents have done so:

  1. Nike would never sell a $100 pair of shoes without a professional images but houses which are worth millions get posted on MLS® with poor quality images or none at all.
  2. When buying a car, it is expected that it will have a mechanical and/or accident report (if second hand). Properties get put on the market everyday without having passed any inspections or reports. The buyer is supposed to do the due diligence.
  3. Properties are sold in days and sometimes even on same day the listing goes live. The seller believes they got a good deal but the truth is, they may have been able to get an even better deal, had the property been on MLS for a week.

As you can see, the real estate industry is is designed to move houses as quickly as possible and for agents to earn commission. Things that will maximize your selling price such as taking the time to get professional photos done, providing a pre-inspection report and letting the property sit on MLS for a few days, often slows down the process. A top Realtor understands the importance of taking a bit of extra time marketing the home properly. 

At Residencity, we believe that it’s about the amount that your property is going to make you, and not so much about closing the sale so that another notch can be added to our belt. This matters to us because it can mean the difference of adding or missing out on several thousand- even hundred thousand dollars to your property.

This is why we have come up with a standardized 6 step process which we use for every listing that we acquire. We start with a consultation, then a home inspection, home preparation (photography, videography, staging, aerial, 360 tours etc.), open houses, offer presentations and finally, closing. We want to ensure that the price you sell for is the price you deserve. Call us at 604.288.9166 or send us an email to see what we can do for you.

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What Your Real Estate Agent Should be Doing to Sell Your Home

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