Property Wanted: Buyers Looking For Properties Not Currently Listed For Sale in Kamloops

Property Search Kamloops Real EstateWe continually have buyers who are looking for a property to purchase in Kamloops that is not currently listed for sale. Many of our clients are unable to find the perfect property therefore we try to reach out in other ways to find them a match. If you have a property you have been thinking about selling please contact us if it fits one of the descriptions below. If your property sounds like a good fit for our client we will set up a viewing.

There is no pressure or obligation, we simply want to find the right fit for our clients. This list will be updated regularly (see above post date for last update).

 

CURRENT PROPERTY SEARCH

NEW! ~ Barnhartvale Rural Property up to 5 acres, 3+ Bedroom Family Home & a detached shop would be a bonus but not an absolute need.

NEW! ~ Pineview or Dufferin 3 Bedroom on main (or 2nd level), master ensuite, 2 car garage, large yard, no in law suites & up to $450k.

NEW! ~  South Shore including Valleyveiw home with in law suite, must have a 2 car garage and/or shop up to $450k.

~ Sahali Building Lot with a view. No bare land strata lots, only straight freehold.

~ 3 Bedroom Townhouse in a complex with unrestricted rentals. Properties on 700 Collingwood Drive or Sandpiper Drive townhomes are ideal under $200,000.

~ Duplex or Single Family home with legal suite under $375,000, flexible on the area of Kamloops.

~ Waterfront property on a lake close to Kamloops that allows power boats and is not a lease property. (Heffley Lake, E or N Barriere Lake, Adams Lake, Paul Lake)

~ Sahali Rancher or split level with a view or backing on to green space, renovated home or home that is in need of reno’s okay.

~ Brocklehurst home with an inground pool. Preferably large 1/4 acre lot at the smallest with lots of privacy and detached shop would be a bonus.

Contact us anytime if you have questions or would like to qualify your property for one of our buyers.

 

 

Tips On Staging Your Kamloops Home To Get It Ready For Sale

living room home staging Kamloops Real Estate

Tips On Staging Your Kamloops Home To Get It Ready For Sale. It can be a very daunting task to start the process of staging your home to prepare to put it up for sale. In our experience there are a number of simple and inexpensive things you can do to help make your home more appealing than other homes for sale in your area of Kamloops. I have compiled a list of simple things you can do to help make the sale process easier and get the most money for your home.

1. Start with a open mind and new perspective

Often times home owners become very emotionally attached to a home and the decor. It is important to detach from the property and try to see your home through buyers’ eyes. Think minimalist and the ‘hotel room’ look. This will help make your home shine.

2. De-clutter!!!

Messy Home De Clutter House Staging Kitchen Kamloops Real EstateI can’t emphasize this one enough. It is important to go through all common areas of your home first as these areas are the first rooms buyers see. You want your home and have the feeling of space. Here are simple decluttering ideas for your home:

  • Make the entry way as spacious as possible. Large furniture and decor can get in the way of buyers entering your home.
  • Remove all items off of your counters in the kitchen and bathrooms.
  • Remove all magnets and cluttery bulletin boards from common space.
  • Remove all heavy drapery or window headers exposing the windows which will allow for more natural light to fill your home.
  • Remove all items that are not needed from closets and storage space. Get storage containers to pack items away that are not needed for the time you are listed for sale. If you can afford a storage locker remove all items from your home that are not needed.
  • Eliminate excessive knick knacks and personal items from the home. Plain homes show best!

3. Freshen up & brighten up

Paint colours are a huge component of the way a home presents. Choose a neutral colour palette. Presently neutral, spa-like colours are very popular. They give buyers an inviting feeling when walking into a home. Light paint colours also make a home appear more bright and feel more fresh. You want Buyers to see themselves living in your home. Fresh neutral colours will help them with this vision.

4. Curb appeal

2644 Galbraith Dr, Aberdeen, Kamloops Real EstateDuring some seasons of the year it is hard to have beautiful curb appeal in Kamloops due to the weather. Here are a couple ideas for each time of the year:

  • All Year: Freshly paint your outside doors especially the front door. Put up a new mailbox if you have a tired looking one and new modern house numbers are easy ways to create a fresh look. This is also a way to keep the cost down.
  • Summer: Trim shrubs and bushes, tidy up all the flower beds, keep the lawn cut and plant some fresh flowers to give the home some colour. If you don’t have a garden placing planters outside the main entry way and on a patio makes the home feel more pleasant.
  • Fall: Clean up the leaves and dead plants in the garden. Put out fall flowers and plants that add colour to your home. There are always beautiful planters available in the fall that liven up a front entry way or porch.
  • Winter: Don’t go crazy with the decorations! Tasteful holiday decor is acceptable but don’t put up so much that it draws a crowd. Don’t leave your decor up until the end of January. Clean up your Holiday decorations as soon as possible. Keep the pathways clear and well maintained.
  • Spring: Clean up the gardens after the winter melt. Plant some spring flowers and plants that will bring some colour to your garden. Check over the outside of your home and touch up any areas that are looking worn from over the winter (ie trim paint, outside doors).

5. Make sure your home is in top condition

Easy updates that are inexpensive will help with the sale of your home.

  • Replace faucets that drip or are outdated.
  • Take out old bathroom mirrors that date a bathroom and replace with a nice modern framed mirror.
  • Replace hardware on cabinets (ie dated gold pulls to brushed nickle is a good choice)
  • Replace worn or damaged counter tops.
  • Replace or professionally clean worn flooring. Carpet cleaning goes a long way.
  • Replace burnt out light bulbs and change out dated or broken light fixtures.
  • Replace torn screens.
  • Touch up knicks and damaged walls.
  • Place fresh towels in the bathroom and eliminate any used or old looking towels.
  • Replace furnace filter regularly and before putting your home up for sale.

6. Make the master bedroom gender neutral.

Bedroom picture home staging Kamloops Sell your homeA clean, tidy master bedroom is important. It is also important to pick colours that are neutral and not geared to only one gender. Stage the master bedroom with nice throw pillows and ensure that the linens are made up nicely on the bed. Remove any extra furniture to give the illusion of a large room with lots of space. Many people have multiple dressers in a bedroom, eliminate at least one.

7. Clean, Clean, Clean and Clean!

Clean Home Staging tips to sell your home in KamloopsHomes that are clean make buyers feel like the property has been well cared for and in turn well maintained. Make sure you clean the following:

  • Nooks and crannies of the kitchen where crumbs collect.
  • Tops of baseboards often get very dusty.
  • Window coverings, especially horizontal blinds tend to collect dust and dirt.
  • Scrub that bathroom!
  • Clean windows and screens.
  • Wipe down walls, doors, door frames and light switches.
  • Vacuum the carpets…twice

8. Beware of scale

Large furniture is popular and can be very comfortable however it takes up a lot of space. Remove furniture that is large and re-arrange the furniture to fit in a way that makes the home feel more spacious.

9. A great smell makes your home more memorable

If you have time before a showing bake some cookies or something that will spread a tasty smell throughout your home. Leave a couple samples out for the buyers coming through your home. It will make it more memorable.

10. Invest some money

dining room home staging Kamloops Real estate sell my homeIf you can afford to do so updates to flooring can go a long way. Old carpeting can turn a buyer off. Changing the flooring out to something more modern will give you a very good return on investment. If flooring is looking old and worn it will make buyers feel like the home is old and worn even if the home is in great condition. Buyers have trouble seeing past simple things like flooring.

Kitchens and bathrooms are one of the best investments you can make in your home. If you are trying to decide where to invest your money you will get the best return from kitchens and bathrooms.

If you are thinking about getting your home ready for sale and don’t know where to start give us a call. We would be happy to come to your home and get you moving in the right direction. Contact Us!

Kamloops Real Estate: Advice on How To Pick a Realtor That Will Work For You

Kamloops Realtor Kirsten MasonIn a highly competitive real estate market it can be difficult to determine who the best Real Estate Professional would be for your needs. Currently the Kamloops and District Real Estate Association reports that there are just under 300 member Realtors. I have included some pointers below to help you figure out how to find the right professional for you.

1. Interview 2 to 3 Realtors: Analyze their differences and pick the one that you feel most comfortable working with and whom you feel will best represent your interests or needs based on their skill level and experience.

  • For Buyers, you want to ensure that the Realtor will take the time to show you properties when it is convenient for you and will make your search a priority. Go to open houses to informally meet Realtors and strike up a conversation, you will know who you feel comfortable working with after meeting a few professionals.
  • For Sellers, you want a Realtor that has a comprehensive, dynamic and aggressive marketing plan to get your home sold. Communication is paramount and it is important that your listing Realtor maintain open and continual feedback. The most common criticism is “the Realtor posted a sign and I didn’t hear from him/her for 3 months”.

2. Choose a Full Time Realtor: Some Realtors only work part time.  Your largest financial and emotional decision may only be a second career for that part time Realtor. Choose a professional who’s business it is to sell real estate. You wouldn’t choose a part time surgeon to operate on you. A full time Realtor means better market knowledge, better service, better marketing and better negotiating skills which means a better price for you, whether buying or selling.  Ask your potential Realtor:  How often will you hear from them?  Do they have support staff or a team to help them and help you? Are there any days or times during the week that they don’t work? Do they have a part time or other job?

3. Chose a knowledgeable Realtor:  The Realtor you choose should be able to explain the market as it relates to your sale or purchase. Questions you should ask are: Have they sold or listed homes in your area? Are they knowledgeable about the statistics and the direction the market is moving in (buyers or sellers market)?  They should take the time to educate you as to the present market conditions and show you the best way to sell or buy given those conditions and the competition.  They should back up their explanations with current market data and be honest with you in interpreting that data.

4. When listing, Do Not choose a Realtor based on price: When Realtors are competing for a listing, some will give an inflated price just to try to get the listing, only to ask you for a price reduction a few weeks later. Realtors don’t determine the price for your home, the market does that! Often, Realtor’s that don’t have much to offer in terms of experience tend to compete on price.  In other words, what you may gain on perceived higher valuation on your home, you will likely lose in overall sale price due to poor marketing and weak negotiating.  Part of a Realtor’s job is to interpret hundreds of sales as well as active listings. Therefore your prospective Realtor should be able to explain to you what your specific market range is for buying or selling. A good real estate professional knows that every house has a price range which is determined by the seller’s motivation to sell and the buyer’s need to buy. Did you know that 70% of whether or not a property will sell is decided when the price is established. The other 30% is based on the Realtor’s level of competence and negotiating skill.

5. Choose a Realtor based on their success rate:  All Real estate companies have good and bad Realtors. Don’t be afraid to ask a potential Realtor what their sales record was for the past year or two. The Realtor you hire should know how to successfully sell homes and the numbers never lie. You can ask: How many homes did they help their clients to buy and sell? How many days did the average home that they have listed spend on the market? Do they sell in your area or all over? What special awards or recognition have they earned? Do they have any testimonial statements from past clients? Each Realtor’s willingness to share this information with you will help with your overall decision.

6. When Listing, Choose a Realtor based on their marketing strategy:  How much time, how much money and what kind of marketing is your Realtor suggesting for your property?  Every property is different and needs a tailored marketing program to sell it and attract the best buyer willing to pay the highest price.  People don’t buy bricks and mortar, they buy a lifestyle, an environment where they can raise their kids or a location where they can retire in style, with amenities they can use and enjoy. Ensure your Realtor has a comprehensive marketing strategy that targets different medias such as internet, print, local advertising etc.

7. Choose a Realtor that has been recommended by family or friends: Family or friends who’ve had a good experience with a Realtor are your best referral source. A good Realtor will keep in contact with their past clients and ask them for referrals. This is a great place to start when choosing a Real Estate Professional.

8. For Buyers, Pick one Realtor to work with: It is in your best interest to choose one professional to work with. You will develop a relationship with your Realtor and that person will really understand what you want in a property.   You can’t expect a Realtor to give you 100% if you are not willing to commit to them. Realtors only get paid if you buy or sell a property with them, so if you are working with other Realtors all at one time you can’t expect outstanding service based on your lack of loyalty. Find someone that is honest and trustworthy, this will eliminate the need to want to work with other Realtors at one time.

Click here for a free, no obligation home evaluation.

To view all homes for sale in Kamloops click here.

Is Your Kamloops Home Not Selling? 17 Tips For Home Sellers

home for sale kamlooops sign real estate home sale mls listingWhen you are selling your Kamloops home, you as the homeowner can play an important part in the timely sale of your property. When you take the following steps, you’ll make your sale a profitable one.

1. Make the Most of that First Impression
A well-manicured lawn, neatly trimmed shrubs and a clutter-free porch welcome prospects. So does a freshly painted – or at least freshly scrubbed – front door. If it’s autumn, rake the leaves. If it’s winter, shovel the walkways. The fewer obstacles between prospects and the true appeal of your home, the better.

2. Invest a Few Hours for Future Dividends
Here’s your chance to clean up in real estate. Clean up the living room, the bathroom, the kitchen. If your woodwork is scuffed or the paint is fading, consider some minor redecoration. Fresh paint adds charm and value to your property. If you’re worried about time, hire professional cleaners or painters to get your house ready. Remember, prospects would rather see how great your home really looks than hear how great it could look “with a little work.”

3. Check Faucets and Bulbs
Dripping water rattles the nerves, discolors sinks, and suggests faulty or worn-out plumbing. Burned out bulbs or faulty wiring leave prospects in the dark. Don’t let little problems detract from what’s right with your home.

4. Don’t Shut Out a Sale
If cabinets or closet doors stick in your home, you can be sure they will also stick in a prospect’s mind. Don’t try to explain away sticky situations when you can easily plane them away. A little effort on your part can smooth the way toward a closing.

5. Think Safety
Homeowners learn to live with all kinds of self-set booby traps: roller skates on the stairs, festooned extension cords, slippery throw rugs and low hanging overhead lights. Make your residence as non-perilous as possible for uninitiated visitors.

6. Make Room for Space
Remember, potential buyers are looking for more than just comfortable living space. They’re looking for storage space, too. Make sure your attic and basement are clean and free of unnecessary items.

7. Consider Your Closets
The better organized a closet, the larger it appears. Now is the time to box up those unwanted clothes and donate them to charity.

8. Make Your Bathroom Sparkle
Bathrooms sell homes, so let them shine. Check and repair damaged or unsightly caulking in the tubs and showers. For added allure, display your best towels, mats, and shower curtains.

9. Create Dream Bedrooms
Wake up prospects to the cozy comforts of your bedrooms. For a spacious look, get rid of excess furniture. Colorful bedspreads and fresh curtains are a must.

10. Open up in the Daytime
Let the sun shine in! Pull back your curtains and drapes so prospects can see how bright and cheery your home is.

11. Lighten up at Night
Turn on the excitement by turning on all your lights – both inside and outside – when showing your home in the evening. Lights add color and warmth, and make prospects feel welcome.

12. Avoid Crowd Scenes
Potential buyers often feel like intruders when they enter a home filled with people. Rather than giving your house the attention it deserves, they’re likely to hurry through. Ideally ensure that you vacate your home for any home showings. Buyers will feel more at home in an empty home.

13. Watch Your Pets
Dogs and cats are great companions, but not when you’re showing your home. Pets have a talent for getting underfoot. So do everybody a favor: Keep Kitty and Spot outside, or at least out of the way.

14. Think Volume
Rock-and-roll will never die. But it might kill a real estate transaction. When it’s time to show your home, it’s time to turn down the stereo or TV.

15. Keep a Low Profile
Nobody knows your home as well as you do but the Real Estate Professional accompanying the buyers know what they need and what they want. If you absolutely need to stay home for a showing, do your best to stay in the background.

16. Don’t Turn Your Home into a Second-Hand Store
When prospects come to view your home, don’t distract them with offers to sell those furnishings you no longer need. Whether it’s the kitchen table, bar stools or a lamp.

16. Adjust the price of your home to the market conditions
When you initially list your home for sale you decide on a reasonable list price with your Realtor. If you do not get any offers in 30 days and there are few showings you have to look at your price. You can do all the above mentioned things but if your price is too high no one will buy your home. Look at recent sales that compare to your home, as comparing your home to other homes currently for sale poses a very simple problem; the other homes also are not selling. Ultimately price will sell your home.

If you’ve covered these 17 points in the sale of your home, you may have to ask yourself “what is our Realtor doing?” We suggest the following questions:
1. Where are you advertising my home?
2. What has been the feedback on the showings?
3. How many hits are we getting on line?
4. How do you feel our price is compared to other homes like ours?
5. What do you have planned for marketing our home in the next 30 days?

There are many important things that have to be done by both the listing Realtor and the home seller when selling a home. Ensure that you and your Realtor have the same expectations.

Click here for a free, no-obligation online home evaluation.

The HST and How It Affects Buying or Selling Real Estate In B.C.

Many consumers are unclear as to how the HST affects their home purchase or sale. Here is a short guide on how HST will affect you when purchasing or selling your Kamloops home.

The Home Seller:
• You will have to pay HST on any of the goods and services that you would have had to pay GST on before like legal fees and commissions.
•  For all resale homes, the buyer will not pay HST when purchasing your home. Buyers may find it more appealing to purchase previously owned homes to avoid paying the HST.

The Home Buyer:
• Like the home seller, you will have to pay HST on any goods and services like your legal fees, home inspections, etc.
• When purchasing a previously owned home, you will not pay HST on the sale price.
•If you are are purchasing a brand new home the HST will affect your sale price, with that said, you are eligible for rebates depending on the value of the home.

See the table below for the rebate rates (rebates are for homes that are intended for use as a primary residence):

HST Rebates for new homes kamloops real estate

For further information about HST click here.

To view the Ministry of Finance Tax Information Notice Click Here.

How Renovations Affect The Value of Your Home When It Comes Time to Sell

Are you are planning to remodel your Kamloops home? Do you know what renovations will be most beneficial to you when you sell your home? Some renovations add more value to your home than others. This will be factored into the value of your home when it comes time to sell. Here is a guide to help you decide what to remodel:

Kitchen renovation Kamloops Real Estate Home ValuesKitchen: It is important to have a functional kitchen with an ample amount of work space and efficient storage space. There are never enough electrical outlets in a kitchen, so the more the better. Consider a dual sink instead of a single basin sink. Use good quality products that will withstand time, stone and wood products have always been considered the best way to go in a kitchen. Pick appliances that are of the same style, color and make, a mish mash of appliances will take away from a beautiful kitchen upgrade.

 

Bathroom Renovation Kamloops Real EstateBathroom: Bring in the light with glass blocks. Add more storage space with efficient cabinet systems and recessed medicine cabinets. Counter space is always important so plan the renovation effectively, if there is not enough space for dual sinks stick to one. Much like the kitchen, high quality products will always withstand time, ceramic tile or stone flooring as well as a deep bath tub and large sink all add to a high quality bathroom renovation.

 

Siding Renovation Kamloops Real EstateSiding: It is easy to fix the outside of a home to make your home more appealing from the street. Vinyl siding looks fresh and needs minimal upkeep while stucco can be re-painted to get a fresh new look.

 

 

Window renovationWindows:  New windows don’t only make your home more appealing from the street but they also save you money. The energy savings for monthly utility bills can be significant depending on the age and shape of your old windows.

 

 

According to the Appraisal Institute of Canada, your remodel investment dollars pay back at different rates when you sell your home depending on the type of remodel you choose. In an ideal situation you will regain the money you put into a remodel but some projects will return more than others.  Here is an example of the potential return you can receive from a renovation.

Remodel Project Job Cost Expected Return Average Payback
Minor Kitchen remodel       $3,000         $2,300-$3,000              75%-100%
Major Kitchen remodel     $25,000      $18,800-$25,000           75%-100%
Bathroom Remodel           $8,500         $6,400-$8,500               75%-100%
Basement Remodel            $7,000         $3,500-5,300                 50%-75%
Fireplace Addition              $3,000         $1,500-$2,300               50%-75%
Deck Addition                    $6,000        $3,000-$4,500               50%-75%
Repl. Heating System        $4,000        $2,000-$3,200               50%-80%
Window Replacement      $6,000          $3,000-$4,500               50%-75%
Major Landscaping          $10,000        $2,500-$5000                25%-50%
 

Always consider the following when considering a renovation: The location of your property in Kamloops and the condition of the surrounding properties. What homes are selling for in your specific area and how they are comparable to your property. The condition of your property overall inside and out. Avoid doing too many high end renovations to your home unless the area you live in can support that level of renovations. Many homeowners renovate their home too much in comparison to other neighbouring homes and are unable to recoup the renovation costs. Over the past few years many people have tried to “flip” homes and fix an older outdated home and modernize them. Amateur home flippers have made the mistake of buying the nicest home on the worst street, location is always very important, so keep this top of mind whether it is for your primary residence or an investment project.

Marijuana Grow Ops: What They Are, How To Identify One and What To Do When You Suspect A Grow Operation

Marijuana Grow Operation BCGrow ops in BC continue to plague communities and Kamloops is not immune to this problem. Each grow operation presents many risks to the communities they exist in, such as drug traffic through the community and community safety related to this traffic. Marijuana production continues to be a multi-billion dollar industry in B.C. with thousands of charges laid against operators each year. There are endless stories of grow op busts of all sizes but the problem persists in B.C. and doesn’t seem to be slowing down anytime soon.

What is a Marijuana Grow Operation?

Marijuana Grow Ops appear in homes or outbuildings in residential, rural or commercial/industrial areas. These operations can occur in apartments, small bungalows, large multi-million dollar homes and commercial buildings. The buildings appear to be fairly well maintained and don’t look out of the ordinary however the internal structure may have received significant structural, electrical and heating system modifications that are not up to code or deemed safe.

Changes to these systems are done to replicate warm, humid climates in which hybrid plants flourish to produce high potency marijuana. Structures that were previously Marijuana Grow Ops are often unsafe for human occupancy. This is because of compromised structural and mechanical integrity, as well as hazards from mold (mould) and chemical residue.

Is there a grow op in your neighbourhood? How to identify a grow op.

(It is important to note that a positive response to some of these questions does not mean it is a grow op house and that the residents are involved in criminal activity. Please use this questionnaire as a basic guideline only.)
1. Occupants don’t appear to have regular job hours and drive expensive automobiles.
2. Dark window coverings on many windows
3. Illuminated rooms or outbuildings nearly 24 hours a day.
4. Heavy condensation on windows, lack of frost or snow on roofs of houses when others have frost and snow. Blowing curtains from fans.
5. Abnormal number of roof vents or unusual amount of steam in cold weather.
6. Extra security such as large fences or guard dogs.
7. Entry is always through the automatic garage doors and residents are always in their cars
8. Strange smell or odor coming from the home.
9. Electrical humming sounds, numerous fans and running water.
10. Unusual wiring to the exterior of the home and or the hydro meter spins at a faster than normal rate.
11. Commonly experienced localized power surges or browning. Lights often dim or appliances slow down with lack of power.
12. Avoid making any contact with neighbours.
13. Toys are often outside the home but no children are ever seen at the home.
14. Large quantities of growing equipment & supplies are seen taken into the home/outbuildings but there are no flowers or gardens at the home. Often purchased in winter months.
15. Numerous pots, soil, garden hoses and fertilizers around the property.
16. Appears to be vacant, yard poorly kept and newspapers build up at the front door.
17. Hoses run from doors and windows to the outside of the home.
18. Visitors often park down the street and walk to the home.
19. In condominiums owners move in at night, disappear for long periods of time or you never see them move in.
21. Garbage days there is no garbage ever or there is no noticeable activity in the home but a lot of garbage.
Grow ops can either be lived in or maintained by visiting gardeners. The RCMP see a lot of operations now where the whole house is used, on the other hand, sometimes only a small portion of a home is used.

How to detect a Marijuana grow operation when purchasing a home.

When purchasing a home it is important to do all the appropriate tests and inspections to safeguard your purchase. A thorough environmental assessment which includes an air quality and mold inspection should be conducted. A proper inspection for mould should be thorough and include numerous air samples (spore test) and visual inspection of the structure. These comprehensive tests will survey the air quality to identify and locate hidden pollution and mould levels indoors. These tests will identify any areas that had previous grow operations and contain abnormal levels of mould or chemical pollution. These agents alone can cause serious health problems leading to long term conditions.

A listing Realtor is required by the Canadian Real Estate Association to have a home owner fill out a Property Condition Disclosure Statement. This statement is filled out by the home owner and requires a home owner to disclose any “material latent defects” such as a grow operation that cannot be detected with reasonable investigation. Grow op owners can and have hidden obvious signs of a previous grow operation and not disclosed it in this form. A potential buyer unfortunately has to search deeper before assuming all facts are disclosed by the homeowner. Talking to neighbours and local authorities often can uncover information.

If you suspect a marijuana grow-op in your neighbourhood

If you suspect a property is being used to grow marijuana or that a property has a bypassed electric meter, contact your local Police. If you wish to remain anonymous, contact Crime Stoppers at 1-800-222-TIPS (1-800-222-8477).

RCMP Grow Op Information
BC Hydro Grow Op Information

Thinking Of Listing You Home For Sale? What You Should Do Before, During And After Listing It.

Many home owners in the Kamloops area are thinking about  selling their home but are unsure about where to start.  There are numerous real estate companies in Kamloops with even more Realtors at each company. Here is a guide to help home owners prepare and understand the steps before, during and after selling your home.

1. De-clutter, clean up and touch up: Ensure your home is in good condition and will “show” well. This means that all unnecessary items that clutter a room should be removed and stored or donated. The tidier a room, the larger it feels. Buyers will not be distracted by clutter and untidiness when viewing your home. Touch up the paint in your home. This includes re-painting rooms with neutral light colors. Dark colors tend to make rooms feel dark and small. Remember, any strong odors need to be eliminated as well. It is important to have buyers imagine themselves in a home, strong smells, bold colors and cluttered spaces impede a buyers ability to do so. It is important to put your best foot forward from the start.

2. Interview Realtors: Every Realtor is different, the marketing techniques and level of service varies between agents. Interviewing a few Realtors for the job of selling your home is essential. Ensure you find a Realtor who will:
– Keep you informed on a regular basis about progress made towards selling your home.
– Promptly return all of your calls or emails (find out what tools are in place to ensure good communication).
– Actively market your home (ask about the marketing techniques used ie. internet advertising).
– Give you honest, accurate market information.
Developing a relationship with your Realtor is essential. You will feel comfortable asking questions or sharing concerns as they arise.

3. Signing a listing agreement: Once you have chosen a Realtor to represent you, you will then sign a listing contract. You will find the following in a listing contract:
– Contract period: You will specify the period of time that you will commit to listing your home with your Realtor. This time period can range and can be from one month to numerous months.
– Physical and legal description of the property to be sold.
– Listing Price: you and your Realtor will come up with a suitable list price to put your home on the market. You have to ensure that you are not over pricing your home. Price it at a competitively so it will sell. Your Realtor will show you comparable sales that directly compare your property to other similar properties. These comparable properties must be SOLD, not current homes on the market, because homes on the market will not necessarily sell for the asking price.
– Listing Service & Cooperation: Your Realtor commits to placing your home on the Multiple Listing Service (MLS) and will cooperate with all real estate brokerages.
– Commission rate: There is no “standard” commission rate, every Realtor is different. This is an important question to bring up during the interview stage so that you know what to expect.  The most important thing you can do is offer a strong buyer agent commission, otherwise it is much more difficult to sell your home. Commission is paid by you, the seller and covers both the selling agent’s commission and the buyer’s agent commission.
– Commitment to Confidentiality: Your Realtor is agreeing contractually that your personal and confidential information will not be shared with any outside parties, this includes your motivation to sell or current financial situation.
– Limited Dual Agency: Sometimes a situation arises in the sale of a property where the listing Realtor sells your home to their own buyer or the listing Realtor and buyer’s agent are from the same office. This is called limited dual agency and in this case the Realtors involved have to stay neutral and not advise either party.
– As the seller you would agree to: refer any inquiry about the sale of your property to your Realtor and accept an offer made during the contract that fulfills your selling requirements. As a seller you have the power to accept an offer that is acceptable to you, your Realtor should not force you to accept any offer that you are not comfortable accepting.
– By signing the complete document you as a seller have committed to working towards the sale of your property with the Realtor you have chosen.
– If you are not satisfied with your Realtors service, some agents will allow you to cancel your contract at any time. This is also something you should discuss during the interview process.

4. Yard Sign, Pictures, Lockbox & Advertising: Your Realtor will arrange to have a yard sign placed on your property to advertise your home for sale. Pictures will be taken of your home to place on MLS and other advertising media. Some agents will take video profiles of your home to use on websites for further advertising. A lockbox will be placed on your front door or other accessible location. A lockbox is important, it allows other agents to access your property (with an appointment of course). Only Realtors and licensed home inspectors have lock box keys.

5. Showings: Your Realtor will call you with any requests to show your home. You will be given a date and time when either your Realtor or another agent would like to show your home to their client. The showing agent will leave a card behind after showing your home. During these showings you should vacate the home in order to ensure that the potential buyers feel comfortable searching through cupboards and closets.

6. MLS Tour: If your home is close to the Kamloops city core it will be included in the MLS tour. This is where Realtors tour new listings in Kamloops and preview them for potential clients. MLS tours happen every Tuesday in Kamloops and alternates between the North and South shores.

7. Open Houses: Some agents will hold open houses at your home. This allows for your home to be exposed to potential buyers as well as allow your Realtor to network with potential buyers.

8. Price Adjustment: There may come a time where you will have to consider adjusting your list price. This market adjustment or price reduction will help refresh your listing and create more excitement about your property with buyers. With the current market, it is important to revisit price adjustments regularly in order to remain competitive.

9. Contract to Purchase: Once a buyer makes an offer. Your Realtor will assist you in negotiating the terms and conditions reagrding the sale of your home. For full details about how a Contract of Purchase and Sale works from initial offer to completion click here.

10. What do you do if your listing expires off of the Kamloops real estate market.

11. Accepted Offer, Subject Removal, Completion & Possession: Once an offer is accepted, the buyer starts to remove subjects such as a home inspection, financing etc. Once the subjects have been removed the offer is considered ‘firm’ and the next step is completion and possession. Completion is the date negotiated in the contract to purchase where the monies and legal documentation is completed and transferred. Possession is the date that the buyer gets the keys to their new home.

As stated earlier, Realtors use a variety of techniques to sell a home. This is why it is important to interview a couple of agents to find the right one for you. Go with your gut feeling, it is often right! If you have any questions please give me a call. I would be happy to help you.

Kamloops Home Evaluation Click here for your free home market evaluation.

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