Renovations are completed on the exterior and interior of this 4 bedroom, 3 bathroom, two story home. The second floor has 4 bedrooms with two of exceptional size with one as a home gym. Nicely appointed main level with foyer separate from the formal living and dining room. The kitchen boasts plenty of counter space for meal preparation. Developed basement offering a rec-room or theatre room. Plenty of storage with the laundry-room/workshop and a 3 piece bathroom. A deck off the kitchen looks over the fenced backyard. The central location is close to shopping, schools, parks, public transit lines, and the lake.
The Seller’s Property Information Statement (SPIS) , well not mandatory,is one of the documents that a Buyer may request in a Agreement of Purchase and Sale or if within the Seller’s capacity,provided scrutinized before signing a Offer. If there are any blank questions or ambiguities, you are likely going to be asked for further clarification and it could delay or prevent a Buyer from moving forward.
Here are 6 tips to help you overcome “disclosaphobia” and complete this document with ease:
1. Do Your Research
If you purchased your home within the recent past and had a home inspection, this report can be a useful reference as to the make, model and age of certain components in your home such as the Furnace,A/C system, water heater, etc. Keep in mind that if you have replaced any of these items, then you will need to complete the disclosure reflective of that information.
2. Be Accurate
If you had a home inspection at the time of your purchase, that could tell you the age and type of key components such as the roof, plumbing and electrical. As well any invoices & receipts retained from the previous owner in regards to improvements completed Use this to help determine the present age when you are completing the disclosure.
3. Be Honest
Answer every question to the best of your knowledge. If there was something that happened such as a roof leak or water damage for example, provide as much information as possible. Buyers want to know when the issue occurred, the nature of the damage and what was done to repair or address the issue. If an insurance claim was filed, be sure to note that and what the outcome was as far as coverage. The claim could very well turn up when the new buyer works on obtaining insurance – better for the buyer to learn about it from the SPIS first. Attach any relevant paperwork as well such as receipts or invoices. Buyers need assurance that all adds up. Surprise is never a good thing in real estate.
4. Be Clear
Don’t leave a buyer guessing. Avoid vague answers or leaving questions blank. That only raises more questions for a buyer. If you don’t know or the question is not applicable to your kind of property, note that.
5. Set Expectations
The biggest challenge for disclosures arises when the party selling the property has never occupied it or only lived in it for a brief period of time. Be sure to clearly state what your occupancy situation was and to what extent if any, you have knowledge about the property. Setting proper expectations upfront in this regard with potential buyers is important.
6. Ask your Solicitor for legal advice if you have any quesitons on completing the Disclosure forms.
If necessary, attach an additional explanation for anything that requires more information than what the form provides. Make sure all information is legible and will transmit clearly across a variety of mediums when printed, emailed, scanned or faxed.
In short, be thorough and provide information to the Buyer that will give them confidence in their decision. Contrary to popular belief, Buyers are not frustrated with too much disclosure, but rather not enough.
A home’s interior can be uptodate and cozy, but without curb appeal, potential buyers will lose interest before they step inside. An attractive, well-kept lawn is one of the first things people will notice. The good news is that upgrading an existing lawn doesn’t have to take months, and it doesn’t need to cost a fortune. Here are a few simple upgrades to help boost your curb appeal.
If weeds have gained the upper hand, pulling is still the tried and true method for getting rid of weeds in a hurry. If the act of pulling the weeds won’t do the trick, you’ll need to attack them with an herbicide. Always use chemicals strategically and make sure to use the correct amount–different weeds require different treatment.
Take a stroll around your lawn and pick up anything that doesn’t belong. Take a wheelbarrow if you have a lot of branches, twigs or other debris. Pick up children’s toys and gardening tools. Put hoses away, or invest in an attractive roller.
Rake over brown spots to remove dead grass, then spread grass seed. For a more enhanced effect, aerate the soil before overseeding to help break up the soil and allow nutrients to get to the root of the grass more efficiently.
Taller grass stays green longer than short grass. Set your mower relatively high and take a little off the top every three to five days. Be sure the blade is sharp. A dull blade tears the grass and leaves ragged, brown edges.
Nitrogen-rich fertilizer will green up your lawn quickly, make sure to use the right amount according to your soil and grass type. A little nitrogen is a good thing, but too much may damage your lawn. Limit this trick to once or twice a year. Be sure and water well immediately after applying any type of fertilizer.
Iron is also helpful in turning a drab grass into a lush and healthy green lawn. Mineral supplements can be inexpensive and can be found at your local garden center or nursery.
Refresh any flower beds around your lawn by laying down a new think layer of mulch. The deep tones of fresh mulch will help compliment the more potent hues within the rest of the landscaping, making everything else pop. Fresh mulch is relatively inexpensive and doesn’t take too much time to apply yourself.
You can also consider investing in an inexpensive edger to smooth out and even out the edges of your lawn. This is a quick and easy way to make your landscaping look trim and neat.
Flower beds and container gardens are a great way to add a pop of colour into your landscaping. Plant a few brightl annuals such as geraniums, petunias or marigolds. Clean up an exterior furniture and paint a fresh coat if needed. You can prepare in bright, bold colours.
In the media, we find plenty of information for Home owners staging an Open House, and on the other hand, few guidelines for the Buyers who come to view them. There are assorted reasons to for those attending an Open House which may simply be an impulse activity to satisfy their curiosity about a neighbour’s home. However, for serious buyers, especially First Time Buyers who wish to have a First hand look in seeing different home styles and layouts, Open House walk through’s can be a very worthwhile exercise.
Preparing an effective Open House tour, begin with a map. Plot out the addresses of where the Open Houses are located, and the time frames of each. This to ensure that you make the best use of your time and not be rushed. Better still, plan your Open House tour on www.coldwellbanker.ca, and we’ll make up the list of all Open Houses in your target area, including times and do the mapping for you!
If you don’t already know the neighbourhood, then that’s the first place to start. Look at your map, and see where major transportation links are located, as well as parks, schools, shopping and amenities. If everything you see on the map looks good, then start out with a driving tour of the neighbourhood itself, before you devote some time to viewing individual houses.
If you plan on visiting an Open House, and you’re already working with a real estate salesperson, be sure to notify them in advance. Your sales representative can be a very valuable source of information about the neighbourhood and may possibly even be familiar with the individual property. If you discuss this with your salesperson before your visit, you’re ensured of having the right person to look after your interests when it’s time to make an offer. Of course, if you aren’t yet working with a sales representative, Open Houses can provide a fantastic opportunity to not only look for the right house, but the right salesperson. What better way to see them in action and find out quickly if you communicate on the same wavelength.
As you tour an Open House, try to see past the furniture, and any personal clutter, and focus on whether the space and layout works for your needs. Don’t assume that what you see is what you get! Many chattels and fixtures you see at the viewing, such as window treatments, light fixtures, appliances and even that hot tub on the back deck may not be included in the list price. Verify all details with the feature sheet provided. And in doubt, make a list of what you would like included.
Walking through an Open House, be direct and ask questions. this is no time to be diplomatic. The real estate professional showing the home realizes that it may not be right for everyone. By keeping your comments open and direct; the feedback assists the Sales Representative with his client. And pass on your reviews with your Sales Representative , so they have a better understanding of the home you are looking for.
Smart home technology’s time has come and real estate professionals are well aware of that. Sellers have started to use smart devices as selling points to differentiate their homes from others on the market. These attention-grabbing features can dazzle buyers unacquainted with the technology and reassure the growing number of buyers looking for a connected home.
Homeowners wanting to upgrade with smart home features may want to start with a smart thermostat, which can provide an immediate money-saving impact. It allows homeowners to cut back on heating and cooling bills without sacrificing comfort. With smart thermostats, they can set the house to be much colder during their absences and still return to a toasty living room just by letting the house know they’re on their way home.
A smart lighting system can also be a sound investment. They can be programmed to react to the presence of residents, so they’ll come on and turn off when someone enters or leaves a room. Besides being energy efficient, it’s also pretty impressive when buyers tour your property.
Having a walk through this custom designed home you can take in all the features. On the main level the indoor pool is ready for year round fun! The upper level has patio doors to a deck overlooking the city. You can guide yourself through each level and room by the virtual 3 D tour. Go to the link and have a tour.
Looking for a quiet location to buy your next home? Come by tomorrow and follow the signs off Marshall avenue to 22 Mercer Drive.This Brick Bungalow offers many family features as well as being at the end of low traffic Cul de Sac.
Check out the property information and Photos here:
Perhaps the time has come , and you are contemplating on a move from your present home. Perhaps your first thought is, what is my home worth? Or you may have a Price in mind. First step is to get the facts. A experienced Realtor can provide you along with a marketing plan , a Residential Comparative Market Analysis (CMA). Based on 3 categories of homes ; Recent sales (last 3 months), Homes for Sale now, and Expired homes (failed to sell). All 3 categories use homes similar to yours, The Subject Property.
Based on reviewing the Data, a Current Sales Price range can be concluded from the CMA. Thereby Realtistic Expectations can be realized, which maybe higher or lower than than your anticipated value . It is important to review the CMA with the Realtor to satisfy any questions you may have. Putting your home on the market without organized preparation can lead to months of disappoint.
The same process is done when a Buyer is preparing to make a offer on a home, the Realtor will provided a CMA to provide Realistic Expectations on current market value to give the Buyer a idea where to negotiate.
This blog is does not into great detail as it could go on for pages;Please feel free to contact me with any further questions.