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Moving Up in Housing Market/Prepare Home for Selling


Moving Up in Housing Market

Has the prospect of moving into a bigger and better home been in your plans from the day you first bought your “starter” home? Well, now may be just the right time to make it happen.

You may be surprised to learn that the cost of moving up is within your means. The equity you have already built up in your current home can often be sufficient for the down payment for your next home. And, with today's attractive mortgage rates, carrying charges need not be much larger than what you are paying now. A Reasl Estate Agent can help you calculate the carrying costs on a “move up” home.

Changing needs
The desire to move to a larger home is often the result of changing needs for you and your family. A new child is on the way and you need a nursery; the children are growing and need their own rooms and more space to play; you're tired of scrambling for a place to park on the street and want your own driveway; you need more space to build a home office now that you are self-employed; or maybe you just need a change of scenery.

There are as many reasons as there are different lifestyles. Whatever your reasons, moving up to a new home can intensify the joys of home ownership.

There are both practical and emotional results of moving up to a better home. On the practical side, the equity in your home will continue to grow and the value of a bigger and better home will be ultimately greater over time. On the emotional side, the pride of ownership in a bigger house will probably be even greater than when you bought your first home.

Ask a Reasl Estate Agent for help
As will every major decision, the key component is thoughtful planning. Your options can be confusing at times but a Reasl Estate Agent can help you make the right choices.

Location, of course, will be one of the first choices you will need to make. There are almost as many individual choices on location as there are homes. If you want to move closer to the urban core you can be sure that there is somebody out there who is just as eager to move to the suburbs. If you want a house on a bigger lot to enjoy gardening, there's someone looking for a smaller lot which requires less maintenance. With access to the Multiple Listing Service® (MLS®), a Reasl Estate Agent can not only help you sell your present home for the best price possible, but also provide you with a customized list of homes for sale that meet your needs, wants and budget. He or she can then arrange for you to view the homes that appeal to you the most.

If you are thinking of moving up to meet changes in circumstances and lifestyle, contact a Reasl Estate Agent today for expert advice.
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Tips on Preparing Your Home Prior to Selling

Are you thinking of selling your home in the near future? If so, it's a good idea to look at your home objectively. An attractive, well-kept home generally has a better chance of selling a little faster. Also, the old adage "first impressions are lasting ones" is very true.

It is usually not a good idea to undertake major renovation projects simply to sell your home. There are no guarantees that you will be able to recover all of your costs. Instead, consider what types of minor cosmetic improvements can be made, like general cleaning, painting, floor refinishing and so on. These projects generally do not require a lot of capital and your home can be greatly improved by them. Consult with your Reasl Estate Agent to see what types of improvements make the most sense.

Start with the outside
An inviting exterior ensures potential buyers will inspect the interior, so it is important to keep your lawn and hedges trimmed and edged, the flower beds cultivated and your yard clear of clutter and refuse. If you have any loose siding or pavement, it is a good idea to get these items repaired. Make sure any cracked or broken windows are repaired.

You may also want to consider painting the exterior of your home to spruce it up a little. If you have aluminum or vinyl siding or trim that is dirty, hire someone to clean it with a power washer if you can't or don't want to wash it yourself.

The inside story
You can do a lot on the inside of your home as well, without spending a great deal of money. Two primary areas to keep in mind are the kitchen and bathroom. These two rooms are generally of prime interest to potential buyers. Make sure they are clutter-free, bright and spotless. Give your home a thorough cleaning. If you have been cooking, ensure you air the home prior to its showing. Make sure any wood and tile floors look clean and bright.

Home showing checklist
In addition to the information outlined above, here is a brief checklist for you to run over before your house is shown.

•Whenever possible, try to be out of the house when the Reasl Estate Agent is conducting a showing. (Potential buyers often feel like intruders when homeowners are present.)

•Keep all stairways free of clutter.

•Keep pets well out of the way - preferably out of the house during the showing.

•Make sure your home is tidy and well aired.

•Do not keep money or jewelry in plain sight during a showing.

•Remove any items (like chandeliers) that will not be included in the sale of the home.

•Ensure that every room is adequately lit.

Ask your Reasl Estate Agent for his or her advice to better prepare you for a showing or open house. By following these relatively simple tips, you will feel proud of your home and potential buyers are sure to appreciate it. 
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Sheela Choudhari, Real Estate Sales Representative

Toronto

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