The Three Biggest Mistakes Sellers Make When Listing Their Home.

Selling a home can be a stressful and emotionally-draining process, especially if you’re selling a home for the first time. 

Without professional guidance, home sellers often make mistakes that end up costing them.  In this blog post, I’ve listed three of the biggest mistakes people can make when trying to sell their home in the Edmonton area. 

1. Price 

The most common mistake people make when trying to sell their home is overpricing their property. 

 

Many home sellers are unfamiliar with the ever-changing housing market in Edmonton and often think that their homes are worth much more, or much less, than they actually are.  The same house can vary by 10s of thousands of dollars in one community, let alone across the city.

 

If your home is overpriced or doesn’t match market value, you risk losing out on potential buyers who will see your home when it’s fresh on the market.  With today’s inventory, buyers will not look at homes that are overpriced as there is just too much selection. The best chance for getting you the most amount of money is when the property is newly listed…so it has to be priced right. 

 

To make sure your home is priced right, the best thing you can do is hire a Realtor and have them give you a market evaluation on your home. They will help you price your home correctly from the get-go, so you can ensure that your home is being seen by as many prospective buyers as possible, and that you are getting fair market value for your home. 

 

2. Condition

When selling your home, it’s your job to make sure that it is in great condition for potential buyers, especially if you plan on showing your home. 

 

Put yourself in the shoes of a potential buyer and think about what easy changes you can make to spruce up your home before you put it on the market. 

 

This could be as simple as giving your walls a fresh coat of paint, steam cleaning old carpets, or giving the backyard a little landscaping love. 

 

If you’re having trouble seeing your home from the buyers perspective, ask a close friend or family member to tour your home and give you their unbiased opinion of what they think could be updated or changed. 

 

3. Marketing  

In order to sell your home, you have to make sure that potential buyers notice it. That’s where marketing comes in! 

 

Advertising your listing online and posting high-quality photos will help garner showings, but marketing a property is way more than this.  It truly takes an experienced Realtor to be able to look for potential buyers, know how to cross-sell by asking the right questions from every inquiry, and so much more!

 

Are you looking to sell your home in the Edmonton area but not sure who to hire? As one of Edmonton’s top REALTORS, I have the experience to sell your home for top dollar as fast as possible. 

Contact me (Jeneen Marchant, Re/Max Real Estate) by phone: (780) 904-4240 or by email: jeneens@remax.net

Hi, I’m Jeneen Marchant!

I’m here to help you find you during your next Real Estate transaction.
Home ownership is a beautiful thing and I love seeing my buyers happily opening the door to their new home on possession day. I also get great satisfaction from helping my sellers get the best price possible for their home when it is time to move on to another property.

5 Ways to Make Your Offer Stand Out

Making an offer on your dream home can be daunting, especially when you are putting a competitive offer on a great home in a desirable neighbourhood. 

In this blog post, I’ve listed some tried-and-true tips for writing a winning purchase offer that stands out among the competition. These are helpful during a multiple offer situation, where you are competing with other buyers for the same property.

1. Make it friendly and personable 

When making an offer on a home, it can be a good idea to write a personal letter to the seller. Introduce yourself to them and tell them what you love about their home, why you want to purchase it, and how you plan to take care of the home once you take possession.  A seller that knows you on a more personal level, and knows you are going to take good care of their home, will be much more inclined to sign the papers over to you.  

I usually write up an email on my buyer’s behalf along with the offer to help win the seller over and show why the buyer is offering what they are.  This has helped me “win” many multiple offers for my clients. 

2. Be flexible 

Selling a home can be just as stressful as buying one, so it’s always smart to try to make the transition as easy as possible for the seller. This could mean pushing back your possession to give them a bit of extra time to move out or even taking out some demands on your end. Being kind and flexible will always set your offer apart from other buyers. 

3. Write down your best offer 

The first offer that you make is your best chance to make a good impression on the seller. So it’s important that your first offer is your best offer – especially when you are making an offer on your dream home. If you are making an offer and know that you are competing against other buyers, figure out the top dollar you are willing to pay for the home and offer that price. 

4. Be ahead of the game 

Sometimes, the early bird really does catch the worm. If you absolutely love a home, one of the best things you can do is to send your offer in as early as possible. With the help of a real estate agent, you may even be able to put in an offer before the property is listed to the public, giving you first dibs. 

5. Get help from an experienced real estate agent 

 

A good real estate agent has the skills and expertise to know how much a home is worth in the current market. With help from a real estate agent, you can make an informed offer that will impress the sellers. Real estate agents are also the first people to know about new listings and can help you put an offer on your dream home before anyone else! 

If you’re ready to make an offer on a home and still need some help in crafting a winning purchase offer, be sure to contact me (Jeneen Marchant, Re/Max Real Estate) by phone: (780) 904-4240 or by email: jeneens@remax.net

Hi, I’m Jeneen Marchant!

I’m here to help you find you during your next Real Estate transaction.
Home ownership is a beautiful thing and I love seeing my buyers happily opening the door to their new home on possession day. I also get great satisfaction from helping my sellers get the best price possible for their home when it is time to move on to another property.

Moving On Up! A Seminar for Homeowners

Need to sell before you buy your next home?This evening is geared to you!

We will walk you through the process of selling and buying your next home with expert advice from some of Edmonton’s top industry leaders.

✓ The process of selling and buying a home.

✓ Mortgage and financing information.

✓ What you need to look for during a home inspection.

✓ What are the legal steps when you are both selling and buying?

Expert Speakers

➡  JENEEN MARCHANT, REALTOR®, RE/MAX Real Estate

➡  MINN COATES,  Mortgage Consultant, The Mortgage Minds Inc.

➡  BRENT PODRUZNY Certified Master Inspector North 49 Home Inspections Ltd.

➡  MOE HOUSEH, Barrister & Solicitor, Healey Law Office

 

What a success!

Thank you to everyone that attended. We appreciate you joining us and we hope you found value from our wonderful speakers Minn Coates, Brent Podruzny, and Moe Househ.

If you would like to learn more about the buying and selling process please send me a text at: 780-904-4240

Jeneen.

Hi, I’m Jeneen Marchant!

I’m here to help you find you during your next Real Estate transaction.
Home ownership is a beautiful thing and I love seeing my buyers happily opening the door to their new home on possession day. I also get great satisfaction from helping my sellers get the best price possible for their home when it is time to move on to another property.

5 Tips Why You Should List Your Edmonton Home For Sale in The Winter

We’ve all heard that spring is the selling season, because generally speaking, homebuyers are looking for homes as the weather warms. 

But, believe it or not, listing your home during the winter can have its benefits! 

If you’re considering selling your home this year, don’t wait for the busy (and crowded) real estate selling season – sell your home before everyone else lists their homes! 

Here are 5 reasons why you sell your home during the winter: 

There’s Less Real Estate Inventory

Traditionally, many homeowners wait until the spring and summer to list their homes for sale because they believe more buyers are looking for their next home during the warmer months.  This increases the chance of selling your home. It is a numbers game: fewer homes for sale = less competition. 

During the winter, many homeowners won’t list their homes for sale, meaning less inventory is available, increasing your home’s chance of selling.  There are always people needing to move whether it be first time buyers, divorces, or military transfers to name a few which are other reasons why you should list your home early to beat the spring rush.  

TIP:  In the spring, we always see real estate inventory pick up which increases the competition for buyers’ attention. List your home early, while there is less choice, increasing the odds of selling your home.

 

Buyers Are More Serious

Buyers that are looking for homes during the winter are more serious and motivated. 

If you list your home during the winter, and one of these motivated buyers is looking at it, chances are they are ready to purchase a home, resulting in a faster sale.  They are home shopping despite colder weather which shows they need to move. Plus you can sell during the winter but move in the early spring depending on what possession we negotiate.

 

Use The Cozy Atmosphere to your advantage 

During the winter, we tend to spend more time indoors, gathering around crackling fireplaces, sipping hot chocolate and baking treats.  

If you’re a homeowner who’s considering listing your homes for sale during the winter months, you can use the season to your benefit by staging your home with a homey and cozy vibe. While the weather outside might be frightful, let your home welcome potential home buyers.

TIP: Keep the home warm, make sure it smells pleasant (wax melts are a great option) and make sure to keep the sidewalk and driveway clear of snow and ice.  

 As a bonus, if there’s snow on the ground, any lacking curb appeal is not as obvious. 

 

More Job Transfers Notifications Means the Timing Is Perfect 

At the beginning of the year, many people start planning to move because of a job transfer. They need a home sooner rather than later and often can’t wait for the spring real estate market. They are motivated and ready to purchase a home, even if there’s snow on the ground.

TIP:  Talk to your REALTOR about any flexibility in your possession terms. Making your home an attractive option does not always come down to price. You may want to be flexible in other terms.

 

Your Curb Appeal May Be More – Appealing…

When selling a home during spring or summer, your home needs to stand out amongst the crowd. For some homeowners, that means putting in a lot of outdoor maintenance to ensure that their homes are in tip-top shape for potential buyers. 

During the winter, it is much easier to maintain curb appeal than it is in the warmer months. You may need to shovel your walks and driveway, but at least you avoid mowing the lawn and weeding the garden.

TIP:  Make sure your walk and driveways are clear of snow and ice. Have your exterior lights on during evening viewings so your home is easy to find from the street.

Use The Winter Season To Your Benefit

There are benefits and challenges to selling your home during the winter, including less competition, motivated buyers, and potentially faster sales. It also presents a unique opportunity to create a warm and cozy environment over the spring or summer.

 

If you’re thinking of selling your home this year, don’t wait until the busy selling season to list your home. Prepare your home for sale right away — before the market is crowded!  The sooner in January or February the better.

If you’re looking for an experienced realtor to help you sell your home in the Edmonton area, give me a call today! 

Jeneen Marchant with RE/MAX Real Estate:
780-904-4240 or email at jeneens@remax.net to get started.

Hi, I’m Jeneen Marchant!

I’m here to help you find you during your next Real Estate transaction.
Home ownership is a beautiful thing and I love seeing my buyers happily opening the door to their new home on possession day. I also get great satisfaction from helping my sellers get the best price possible for their home when it is time to move on to another property.

First Time Home Buyer Tips

walk-out bungalow, 2350 sq ft. 4 bedroom and 3 bathroom

Purchasing a property can be a daunting task, especially for first time home buyers. There are many factors to take into consideration, some of which include location, price, and needs. But there are ways to secure your first home while staying within your budget, and to make sure that you make the right investment.

Buying your first home is an important milestone that requires time and thoughtful consideration. There are many steps that first time home buyers can take to secure a property that will reflect their needs and budget. There are also things that prospective first-time buyers can do to ensure that the property they are purchasing is in good condition and will not require any significant repairs in the future.

1. Start Planning

One of the most important steps that a buyer can take, whether it is their first time or 10th, is to plan their investment ahead of time. This may involve saving for a down payment/ closing costs, and getting pre-qualified for a mortgage to determining how much is needed in order to purchase a property that will suit your needs. These initial steps may vary in time depending on factors such as income/ credit level and the availability of properties in your desired location, but they are critical steps in the home-buying process that all people should consider before investing in a property.

2. Choose the right Realtor

Another important step will be to consult with a professional Realtor (like myself) who can assist you with looking for a property that suits your needs and price range. We have access to every property available (no matter whether it is a for sale by owner or which company it is listed with) and assist with negotiating to come to an agreement that works for both a seller and a buyer…just to name a couple items out of the dozens we do behind the scenes. Professionals in the industry have an in-depth knowledge of neighbourhoods, amenities, whether a property follows city guidelines, what updates are worth the price, and much more. Doing it on your own will mean that you may not be fully informed or getting the best value for your investment.

3. Getting Pre-Approved for your mortgage

A mortgage pre-approval is important because it means your lender has checked your credit and verified your documentation to approve a specific mortgage loan amount.  I always recommend using a mortgage broker that shops you around in order to find the best terms and rates for your needs as going to the bank directly may not be as firm of a number for us to work with.  Let me know if you need some referrals.

This makes buying your home even easier because you will know exactly what you can afford and feel confident when submitting your offer.

4. Finding a home that matches your lifestyle

Part of your first home search will be researching prospective neighbourhoods that you want to live in.  Is it safe, near the amenities that are important to you? Does it match your lifestyle?

For example, if you are a single working person who values convenience, you may want to consider an area that is in close proximity to grocery stores and restaurants, as well as a low-maintenance property like a condo or townhome.  If you have a family or are considering having a family in the future, you may want a property in a suburban area that has amenities for children and families, such as schools and parks. You will want to consider the size of a property and determine how much space you need along with what features will make this home ideal for your wants and needs.

When considering your options, it is important that we search for a property that will meet your needs today and for the next few years.  But keep in mind that things change and people typically live in their first home for 2-5 years before wanting to move or upgrade to fit their new needs or use equity to get closer to their forever home.

Although it may be tempting to purchase a property that is priced lower in order to save money, this may not be the best option for your future satisfaction as a homeowner.  Some compromise might be necessary in the home-buying process, depending on your budget, such as spending a bit more to be able to live in your desired location or choosing a different neighbourhood to save a bit of money.  Balance is key when it comes to finding the perfect first home as it likely is just your entry into home ownership. Focus on finding a property that is ideal for your current needs and budget, and be flexible if needed.

 

5. Property Inspection

After we find you the right home, negotiate an offer, and send the documents to your mortgage broker for final financing approval, the next important step is to ensure that the property you are purchasing is in good condition. Although a property may appear to be in good condition, having a property inspection can notify you of any structural, electrical, or plumbing issues, or just give you a list of small repairs that you can do over time as every home whether brand new or 60+ years old will need some form of maintenance.

Property inspectors are registered professionals with building and/or trade experience.  They always have knowledge of the latest building and safety codes, and what is necessary for the property to have versus suggested to have based on the year built.  I also have several inspectors I have worked with for years to referral if needed.

 

When searching for your first home, concentrate on the practical aspects of your search, such as planning ahead, maintaining your budget, and looking for a safe and secure neighbourhood. Remember to also look for a space that you can envision yourself spending time in and what reflects your needs.

A professional Realtor like myself can help make your first home buying experience educational, positive, and unforgettable.  Give me a call to get Professional Real Estate Advice, Jeneen Marchant, Re/Max Real Estate – (780) 904-4240 . Find me on Instagram

Hi, I’m Jeneen Marchant!

I’m here to help you find you during your next Real Estate transaction.
Home ownership is a beautiful thing and I love seeing my buyers happily opening the door to their new home on possession day. I also get great satisfaction from helping my sellers get the best price possible for their home when it is time to move on to another property.

These Tips May Speed Up Your Home Sale

In a challenging real estate market, you need to have a solid plan for appealing to prospective buyers.  Investing in ways to boost the salability of your home, advertising your property effectively, and maintaining the condition of your property will assist you in speeding up the sale of your home.

By following these highly effective tips, you can decrease the amount of time needed to sell your home and generate the kind of profit you want.

Are you trying to sell your property and want the process to go faster?

There are many ways in which homeowners can increase the value of their properties, appeal to prospective buyers, and make the process of selling a home go more smoothly. Using techniques to enhance a property and bring in more potential buyers can be highly beneficial, especially in Edmonton’s tough real estate market.
One of the most important areas to consider when selling your home are its condition and appearance. Although some buyers may be interested in properties that are ‘fixer-uppers’ or that can be remodeled to suit their preferences, most prospective homeowners are interested in properties that are updated and move in ready.

Many people, especially those with demanding careers or families, do not have the time or the resources to spend on extensive remodeling projects. Because of this, it is important to make sure that your home has updated features, including appliances, cabinets, and flooring. Investing in these features also has the potential to increase the value of your home and make it stand out to prospective buyers. However, we can set up a meeting to see if this investment is worth it for the sale of your home, or whether we should just price the property more accordingly.

It is also very important to make sure that the home’s outdoor space has been maintained. Making sure that the grass is cut, plants are taken care of, and that fences are in good condition are characteristics that potential buyers will find appealing and that will make them interested in your property. Create an outdoor space that the new owners can envision themselves spending time in. It may be helpful to invest in new flowers and plants to brighten up the space. It may also be advantageous to clean any outdoor furniture and décor to create a comfortable and peaceful environment.

Decorate for the new buyers, not yourself

You may want to invest in new paint, doors, cabinets, light fixtures, and home accessories, such as rugs, couch pillows, or wall art. You can also choose to purchase new furniture, rent furniture for home viewing (staging), or even ask others if they have any furniture or accessories that you can borrow for the staging process.
Creating a welcoming and warm space will appeal to a range of buyers and make it easier for them to imagine themselves living in the home. Get started by having me over for a market evaluation and consultation about staging your home for sale.

Keep it clean

When presenting your home for sale, it is also very important to make sure that it is clean. It may be beneficial to invest in a professional cleaning company to make sure that all aspects of the home, including carpets, windows, and even baseboards are spotless. Not only is this appealing to prospective buyers who are viewing the home, it makes the move-out process easier for you, saves time for showing preparation, and also makes the move-in process easier for new homeowners.
It would also be helpful to have your home inspected by a professional and well-respected company prior to beginning the process of selling your home. It is important to determine if there are any potential problems with your home, such as structural issues, mold, or outdated or faulty systems and appliances. By performing a pre-listing home inspection, you can prevent major delays in the home selling process.

Price it right

Another important step that you can take in the home selling process is to make sure that you are selling your home for a reasonable amount given its condition, age, location, and the price of nearby properties that are similar to yours. As a Realtor, I can give you the best advice on pricing your home to sell. It is especially important in a challenging market to appeal to buyers by setting a reasonable price.

When deciding to place your home for sale, there are many important decisions to make, and many aspects of the home selling process to consider. It is important that your home is up to date, well maintained, and advertised extensively and professionally.

Want to know how to get the best price possible, even in today’s market? Want to know what similar ones on your street have sold for? Give me a call! Jeneen Marchant, Re/Max Real Estate – (780) 904-4240

Hi, I’m Jeneen Marchant!

I’m here to help you find you during your next Real Estate transaction.
Home ownership is a beautiful thing and I love seeing my buyers happily opening the door to their new home on possession day. I also get great satisfaction from helping my sellers get the best price possible for their home when it is time to move on to another property.

The Benefits of investing in Real Estate

There are many benefits to investing in real estate. One of the major benefits includes the ability to generate an income. When you invest in real estate, you decide what you do with your property. 

 

Although you will need to comply with provincial and municipal guidelines regarding the design and requirements of specific kinds of properties, when you decide to invest in real estate, you acquire greater control over your earning potential, as well as your schedule. 

 

Passive Income

A significant benefit of investing in real estate for the purpose of renting out the property is that it creates a consistent income that can cover the property’s mortgage and result in long-term financial stability. As a landlord, you can create a strategy which will enable you to obtain the funds to pay off your mortgage, save money for more investment properties, or use the cash flow for daily expenses. Choosing a respectful and reliable tenant to rent your property can help you secure your financial future and provide you with steady pay. 

 

Tax Deductions

Another benefit of purchasing a revenue property are the multiple expenses which are tax deductions; these can reduce the amount that you are required to pay in taxes. In Canada, you can receive a deduction in property-related expenses that include advertising services, legal and accounting fees, and maintenance-related expenditures. You can also declare property taxes and utility fees in order to obtain a tax reduction. These incentives help property owners save money and invest in their futures, including their retirement.  However, you also have to file any profit as revenue as capital gains also applies. 

To Flip or Not To Flip

Purchasing a property for the purpose of renovating and selling it (aka- “flipping”) can also be a lucrative investment. Not only is there potential to earn thousands of dollars in profit, but because this option does not involve a commitment after the project has been completed and a sale has been made, there is no need to worry about the long-term condition of the property or the responsibilities that go along with it, such as maintenance and prospective tenants. It can also be a way to acquire a larger sum of money more quickly than you would be able to while renting out a property.  But also be aware that you may have to pay capital gains tax on the revenue just like income tax for employment.

Although there are many benefits to investing in real estate, there can also be some disadvantages. Some of these disadvantages include the accumulation of repairs, expenses, unexpected problems with the property, the risk of renting out a property to challenging tenants, and paying capital gains on rental or sales revenue. If you are willing to invest the time, energy and money into creating and sustaining your property, however, there are many rewards that come with investing in real estate. It is important to carefully consider and choose the option that will work best for your budget and schedule.  

If you are considering a revenue property give me a call! I can help you find the right investment property! Jeneen Marchant, Re/Max Real Estate – (780) 904-4240

Hi, I’m Jeneen Marchant!

I’m here to help you find you during your next Real Estate transaction.
Home ownership is a beautiful thing and I love seeing my buyers happily opening the door to their new home on possession day. I also get great satisfaction from helping my sellers get the best price possible for their home when it is time to move on to another property.

How to Find a Good Realtor

Finding a good Realtor is an important step in the real estate process. A Realtor can help you buy or sell a property, determine how to best secure a property that suits your needs, or help you generate a profit from the sale of your home. 

When looking for a Realtor to sell your property or help you find a property, there are numerous steps that you can take to find a qualified and reliable professional. With so many great Realtors in Edmonton, how do you choose the one that will match your buying or selling needs? 

 

Are they licensed?

One of the first steps that you can take is to make sure that a Realtor is certified and meets the requirements to work in the real estate industry in Alberta. The Real Estate Council of Alberta, or RECA, outlines the prerequisites for applying for a licence, as well as for working toward becoming certified. 

What have they sold in the past?

An important step in selecting a Realtor is to determine whether the properties that they have sold or have assisted customers purchase are similar to the kind of property that you either want to sell or purchase. For example, if you are trying to purchase a condo, it would be beneficial to have a Realtor who has experience with these properties. By finding a Realtor who has experience with a specific kind of property, they can help you secure a fair deal on a property or sell your property at a price that is comparable to similar homes. 

They don’t have to be “specialists” in that type of property by experience and knowledge goes a long way. What is their knowledge in a certain market? A specific neighbourhood? How many properties have they sold? How long have they been in the business? By asking these questions, you can find a Realtor who will be a good fit for you and help you get the best service possible. 

Ask for Referrals 

To find a good Realtor, you can also ask those you know who have experience with a Realtor for a referral. By seeking the advice of those you know, you can get their honest opinion about a potential Realtor and find someone who will be able to help you. You can also look for reviews from online sources like Google or Facebook, but keep in mind that word of mouth can often be the best form of reference (this is where the majority of my business comes from).

Interview a few Realtors

Another important step in the process of finding a good Realtor is to interview a few different individuals and decide who would be best able to help you. You have many options as far as background, experience, and knowledge are concerned. Take the time to find a professional who will best support your goals and who is genuinely interested in helping you, rather than only being interested in making a profit.

When looking for a good Realtor, there are many factors to take into consideration. Although the process of locating a trustworthy professional can seem overwhelming, consider the above steps to help you make the process much easier and find someone who will work for you. 

I’d love to hear from you! What would you add to the list? 
I have worked with hundreds of clients over the years in the Edmonton area and I would love the opportunity to help you purchase or sell your next property. 

Give me a call at Jeneen Marchant, Re/Max Real Estate – (780) 904-4240

Hi, I’m Jeneen Marchant!

I’m here to help you find you during your next Real Estate transaction.
Home ownership is a beautiful thing and I love seeing my buyers happily opening the door to their new home on possession day. I also get great satisfaction from helping my sellers get the best price possible for their home when it is time to move on to another property.

Is Real Estate a Good Investment?

Real estate is a good investment, but there are many things you should take into consideration. Investing in real estate is an important decision which requires a lot of time, effort, and resources.

What is your Real Estate Investment Goal?

 Tierra Mallorca https://www.tierra-mallorca.com/

By understanding your goals, budget, and the current real estate market, you can decide if now is the time to start investing in real estate. It’s always best to give yourself the time to determine whether it is an investment that you want to undertake. Like anything in life, there are pro’s and con’s to investing in real estate, but it is up to you to decide whether this is a venture that you want to take on. This article will help you make sense of the complex world of real estate and determine if it is something that you are interested in pursuing.

In cities across Canada, more and more people are interested in investing in real estate, because they see and understand the potential benefits of their investment. TV shows like Property Brothers and Flip or Flop have inspired many to invest in residential and commercial properties, restore them, and either rent or sell the property for turnover. But what are the potential benefits and consequences of investing in real estate? Is real estate a good investment, or is it an undertaking best left to professionals?

Real Estate Investing In Today’s Market

Edmonton’s real estate market has moved slowly so far this year due to the number of properties for sale and other factors like the federal mortgage stress test (which places limitations on the amount of money that potential homeowners can borrow to purchase a home). Though it may take time for Edmonton’s real estate market to recover, this does not mean that real estate is a bad investment. In fact, it is a great time to buy an investment property as you do have a ton of selection, prices have come down several percents over the last couple years, and mortgage rates are low.

Types Of Real Estate Investments

There are a variety of options where it relates to property ownership and deciding how to garner a profit from your investment.
Some investors choose to buy and flip a property, in which a property is purchased, renovated and sold to gain a profit.

Others choose to buy a property to be used as a rental. This is a common investment choice for people because they have the opportunity to have someone else down the mortgage, have equity grow over time, and pull in a bit of cash flow or monthly revenue.

There is even the option to own commercial properties like apartment buildings, commercial bays for rentals, and land. However, the type of financing and closing costs involved for a commercial purchase is vastly different than residential.

Deciding which options will work best for you will depend on several different factors such as how long you want to own the property for and what purpose you want the building to serve.

HOW TO CHOOSE A GOOD INVESTMENT PROPERTY

  1. Look for areas of the city that are growing.
    Population growth is a considerable factor in property investment. Look for areas in the city that are expanding.
  2. Invest in familiar areas
    Get to know the area you are thinking about investing in. You want to know your investment location as well as your own neighbourhood.
  3. Look for low vacancy areas
    When it comes to choosing an area to invest in, look for places with low vacancy rates. Investing in areas with a tight market, you can significantly increase your chances of finding the right renter quickly, and reduce the time between tenants.
  4. Think about the future
    It’s a great idea to find out what’s in the works in the area, so you can have an idea what the future looks like. It’s also a great idea to keep an eye on any residential developments that could be going up near amenities, such as schools and shopping hubs.
  5. Choose low-maintenance properties
    If you are looking to start investing and you don’t want to have to spend a lot of money in upgrades and renovations, look for a property that is ready to rent out immediately. However, be prepared to pay more for a fully finished home as someone else has built up the sweat equity getting it ready.
  6. Think about your tenants
    Choose a property that appeals to the people who are actively renting in that area; it will make it much more attractive. For example, a small apartment may be a more affordable rental property than a house, but if the local rental market is mostly families, your investment property might not be as appealing. Think about your tenant’s lifestyle… do they need parking, do they take public transit, etc.? This kind of questions should help when choosing a great investment property.

Bring in the professionals

I always suggest you speak to a professional Realtor (such as myself) when you are looking at an investment property. We can advise on which properties would be ideal for your investment portfolio. Want Market Information? Give me a call! (780) 904-4240

5 TIPS TO MAKE YOUR HOME MORE APPEALING

white kitchen with light wood floor, pendant lights, two bar stools

Every homeowner wants their home to sell for the best price, and in the least amount of time.

However, in today’s market, getting the best price for your home can be challenging to accomplish if you don’t have the experience or the right real estate agent by your side.

If you’re ready to sell your home – don’t worry! In this article, I’ll be talking about 5 easy ways that you can increase your home’s value to make it more appealing to potential buyers.

1. Give your home some curb appeal.

Your home’s curb appeal matters. After all, this is the first thing that potential buyers will see when viewing your home for the first time! Some cheap, easy, and foolproof ways to increase the curb appeal of your home are to add some greenery and flowers, update your house numbers, and power wash the walkways and siding of your home.

2. It’s all in the details!

You might not notice small crayon mark on the wall or the tiny chipped tile in the bathroom, but potential buyers will! When thinking of selling your home, ask a friend or family member to tour through your home, looking for these little details. Once they have toured through, look at the list of things that they have marked down and, if you have the budget, try and fix these things before you start showing your home.

3. Lawn and Order.

When it comes to your lawn, the greener the better! Some ways that homeowners can make sure that their lawn is looking its best is to water and mow their lawn regularly, pull weeds, and rake any excess leaves. At the end of the day, a little brown spot here and there won’t be an issue for potential buyers, but if your lawn looks like the Sahara desert – we may have a problem.

4. Make it feel inviting.

When selling your home, it’s important that you make your space as inviting and de-personalized as possible. You want potential buyers to feel at home as soon as they walk in your door.  Some ideas for viewings may include making your home feel cozy by turning the fireplace on or having your thermostat at a comfortable temperature, setting out fresh flowers, or moving furniture around as necessary to help rooms either look roomier or be more functional.  Also, be sure to de-personalize the space by putting away any family photos or personal items.

5. Boost Your Home’s Online “ Appeal.”

Online is the first place that potential buyers will look when they are searching for a new home, so it’s important that your listing stands out online! When I work with sellers, I always try to highlight what makes that particular property special along with the essential information and selling features.

By using high-quality images, we are able to boost the appeal of your home. PRO TIP: It’s best to take these photos during the day at a time when there is lots of natural light available. I try to arrange a time that will capture your home in the best light, while still being convenient for you.

Are you thinking of listing your home? Do you want some tips on how to make your home more appealing to potential buyers online and in-person?  Give me a call at 780.904.4240, and I’ll help you present your home in its best light!

Hi, I’m Jeneen Marchant!

I’m here to help you find you during your next Real Estate transaction.
Home ownership is a beautiful thing and I love seeing my buyers happily opening the door to their new home on possession day. I also get great satisfaction from helping my sellers get the best price possible for their home when it is time to move on to another property.