Do Staged Homes Sell Faster?

For most home sellers, the goal is to sell their home for the highest possible price and in the shortest amount of time. Two ways to achieve this is with the right asking price, and by staging the property. So, do staged homes really sell faster, and for a higher price? The short answer is yes, and here’s why.

Do staged homes sell faster?

According to the Real Estate Staging Association, staged homes spend 73 per cent less time on the market than their un-staged counterparts. Truthfully speaking, even an un-staged home can sell under the right market conditions. A seller’s market, characterized by high demand and low inventory, generally means buyers are likely to scoop up what they can get. In a buyer’s market, there are more homes for sale than there are buyers, which means competition is greater among sellers and buyers have the upper hand. Under these circumstances, staging your property could tip the scales in your favour.

Do staged homes fetch a higher price?

The answer to this question isn’t as cut-and-dry, since the final selling price of a home depends on a number of factors. Is there buyer demand? Are there many other listings on the market competing against yours? And what about the home itself – is it well maintained, cared-for and clean? With all other things equal, a staged home is likely to leave buyers with a better impression than one that hasn’t been staged, with the potential to fetch a higher selling price.

What is home staging?

Home staging is the process of preparing a home for sale by increasing its appeal to a wide range of homebuyers. Home staging isn’t as involved as a renovation, and can involve decluttering, depersonalizing and deep-cleaning; painting the walls in a fresh, neutral hue; updating hardware and lighting; rearranging existing furniture or renting some new pieces to help show the home in the best possible light. When a buyer can see your home as their home, they are more likely to make a competitive offer.

Since the majority of homebuyers start their home hunt online, it’s important to make a good impression through your digital listing photos. Buyers will weed out the homes that don’t meet their criteria, and then proceed to an in-person or virtual showing of the homes that they are seriously considering.

Decluttering and depersonalizing the home of family photos and other personal items can help. Also consider that potential buyers need to think beyond what their eyes are showing them. Staging helps them to visualize themselves living in and using the space. Is the home an ideal place for a growing family, as a live-work space, for recreational pursuits or to enjoy retirement?

Virtual Home Staging

A new twist on home staging is “virtual” staging, which leverages technology to digitally enhance photos in order to demonstrate the possibilities. Virtual staging is ideal for vacant properties, which pose added challenges for sellers and the buyers who are trying to imagine it as their new home. Virtual home staging eliminates the need, effort and cost associated with renting or buying furniture and accessories.

Staging a home doesn’t have to be complicated. Evaluate every room and be critical, because prospective buyers will be. Viewing your own home objectively can be difficult, especially for those who have lived in their home for a long time. A professional home stager and your real estate agent can give you an honest opinion as to what works in your home, what doesn’t, and what the seller might consider changing in order to appeal to homebuyers.

 

 

Courtesy of REMAX.ca

Our Commitment During The COVID-19 Crisis – A message from RE/MAX Canada

To our valued customers and real estate consumers,

We know this is a trying and stressful time for all of us in Canada.  Things are changing almost hourly with government recommendations at the federal, provincial, and municipal levels.

At RE/MAX, we want to offer you stability and comfort knowing your real estate needs are still being met in a safe and responsible manner.  On remax.ca, we continue to offer up-to-the-minute listings, accurate home estimates, and timely, valuable real estate news — especially important at this time.

Rest assured, while we remain open for business, our agents and brokers are taking all necessary precautions as recommended by the various health agencies and government.  

  • Our agents are limiting contact with the general public and will use alternative means of communication wherever possible such as texts, phone calls, and emails
  • We have strongly recommended the postponing of all open houses immediately until a future date where it’s deemed safe
  • Any agents that feel unwell are instructed to self-isolate and not interact with the public
  • Information around hand washing and sanitizing has been circulated with our agents and we are strongly encouraging them to follow all guidelines as outlined by public health officials to help keep themselves and their clients protected
  • RE/MAX offices are reducing hours and seeking alternative technologies to connect with clients and host offer presentations 
  • RE/MAX agents are committed to using technology to help safely deliver the best service possible. This includes virtual tours of the home or digital presentations. 

The strength of our RE/MAX agents is knowing and being a part of your communities.  We are all in this together and remain committed to keeping you and your loved ones safe. 

To those who are already with our RE/MAX agents buying or selling a home, our agents are there for you and if necessary, will make arrangements with you if there are any concerns around illness or potential spread of the virus.

Nothing is more important right now than the health and safety of our colleagues, clients and fellow citizens across Canada.

Check our blog frequently for our updates on how this situation is impacting the real estate market, and we will continue to be here to answer your questions and serve your real estate needs.

Sincerely,

Christopher Alexander

EVP & Regional Director of RE/MAX Ontario-Atlantic Canada

Elton Ash 

Regional Executive Vice President, RE/MAX of Western Canada

 

Courtesy of REMAX.ca

Top Things Sellers Often Forget to Do Before Showing Their Home

There can be a lot of stress involved when trying to sell your home and one of the biggest factors that is always on a seller’s mind is showing process. While your home is on the market, you never know when a showing is going to be scheduled and therefore sellers must be on their toes in making sure their home is tidy and looks its best to potential buyers. However, with so many things to organize before a showing, it can be easy for a seller to forget to do something essential before an agent brings a potential buyer through your home.

We’ve reached out to our RE/MAX Influencers – a panel of RE/MAX Sales Associates throughout Canada – to narrow down a list of the top things that sellers often forget to do before showing their home.

Lighting & Blinds

When it comes to showing your home, lighter is brighter! For daytime showings, opening up those blinds and curtains and turning off all artificial light will allow the natural light to flood your home. Walking into a bright, airy space is going to give a much better first impression to potential buyers than walking into a dark space.

“For showings after dusk, you want to showcase your home right from when a potential buyer pulls up to your property. Having all exterior lights on will help guide the agent and clients to the front door, as well as reduce the potential for any injuries if it Is winter and there may be a slip hazard on the driveway. All lights on in the interior will give a better first impression of the home if the potential buyer has just come from looking at a property where it was dark upon entering,” says Cheryl MacIsaac, RE/MAX Baughan Realty, Wainwright, AB. “This will also help the showing agent as they will not need to search for light switches to turn on lights. It also lets the seller know if the showing has occurred as most agents will turn off the lights upon leaving each room, if instructed to do so.”

Clean & Tidy

One of the most important things that a seller must do when selling their home is keeping it clean and tidy. While sweeping floors and vacuuming the carpets will speed up your cleaning process, sellers often forget to tidy things that they may be accustomed to, such as pet items, which may end up turning buyers away.

“Sellers often forget to make sure that family pets and their bedding, toys and litter boxes/yards may not be clean or out of the way. It is so important as some buyers are allergic, don’t have pets or if they smell pet odours it may turn them off from buying,” says Sandra Benz, RE/MAX Performance Realty, Delta, BC.

Another important thing to remember when preparing your home for showings is to open a window or two and allow some fresh air into your space! As Ray Yenkana, RE/MAX Little Oak Realty, Surrey, BC says, “Sellers are used to their smells, but those smells may be an instant turn off to potential buyers!”

Close that Lid!

A simple, yet easily forgotten thing that sellers often forget about when preparing to show their home is to put the toilet seat down. As easy as it is to close the lid behind you, many sellers completely overlook this aspect of cleaning their bathroom.

“Sellers often forget to put the toilet lid down. First impressions are everything; you want people to see the room, not the inside of a toilet,” says May Smith, RE/MAX Little Oak Realty, Surrey, BC.

As Shauna Thompson of RE/MAX Fort McMurray says, “It becomes a distraction to the buyer, and the buyer’s agent doesn’t want to have to touch the toilets to put the seats down!”

Personal Items

When it comes to preparing your house for a showing, it can be easy to overlook the little things that may deter a potential buyer, such as displaying personal items. Things like family photos and sentimental items may seem like a good idea, as it can make the space look more inviting and lived-in, but many potential buyers have a hard time imagining themselves living in the space if it is filled with personal items.

“It’s harder for buyers to imagine themselves living in the house with other people’s photos and they waste time trying to figure out if they know the sellers or what the relationship may be/family composition/reason for selling may be,” says Curtus Collins, RE/MAX Crown Real Estate, Regina, SK.

Garage & Driveway

The garage and driveway are two areas that sellers often overlook when preparing their home for a showing, yet these are two areas of your home that potential buyers will be extremely interested in. Whether a new buyer is planning to use the garage for storage or parking, it is important to prepare the garage for a showing so anyone walking through can get a good idea of how much space there is to work with. As Kimberly Graham of RE/MAX River City in Edmonton, AB says, “Leave a way to access the garage. Most often it is a space where sellers store everything they have decluttered, so they can keep their things safe. However, buyers still want to see the garage!”

The driveway is another part of the home that is often not considered but is very important to potential buyers, as it is often one of the first things they will notice when driving up to the property. In particular, potential buyers will be considering their parking situation and how their vehicles and recreational vehicles, such as RV’s and boats, will fit in the driveway. If possible, ensure that your driveway is as clear as it can be to allow buyers to get an accurate representation of just how much parking is available.

“When buyers come to view the home if they are driving along with their agent, or separately, it draws attention to limited parking. This can be particularly challenging for homes in cul-de-sacs or places where parking could be a concern as the driveway will announce it as a challenge,” says Taylor Hack, RE/MAX River City, Edmonton, AB.

If you are considering selling your property, give us a call!

 

 

Courtesy of REMAX.ca

Renovating Your Home

Renovating your home is a big job, it takes a lot of decision making, time, effort and of course–money! Nowadays there are so many new ideas to upgrade your home, from textiles to new technology there are hundreds of things to choose from! That’s why, when it comes to renovating, the idea of taking on a big reno can be a little daunting and overwhelming, but there are some small changes that can make a significant impact while providing you with the perfect facelift for your home.

HGTV did an editorial on kitchens and bathrooms, which are arguably the two rooms in your home that will provide the biggest bang for your buck. If you’re looking to do a quick and easy change, a freshly painted bathroom and kitchen can change the feeling of a room completely. Freshly installed countertops can transport a room from drab to dreamy, but can also be expensive if you don’t do your research. The average price for supply, manufacture and installation is roughly $70 to $80 per square foot. A natural stone or quartz countertop will run you about $25 per square foot, while a more expensive and desirable material such as marble would cost you $30 per square foot. On the other hand, basic granite typically costs around $15 per square foot.

Another great feature to upgrade in both the kitchen and bathroom would be the backsplash. The perfect backsplash can change the entire feel of a room, pulling it together and bringing it to life all-in-one. When we talk costs for the

Renovating your home is a big job, it takes a lot of decision making, time, effort and of course–money! Nowadays there are so many new ideas to upgrade your home, from textiles to new technology there are hundreds of things to choose from! That’s why, when it comes to renovating, the idea of taking on a big reno can be a little daunting and overwhelming, but there are some small changes that can make a significant impact while providing you with the perfect facelift for your home.

HGTV did an editorial on kitchens and bathrooms, which are arguably the two rooms in your home that will provide the biggest bang for your buck. If you’re looking to do a quick and easy change, a freshly painted bathroom and kitchen can change the feeling of a room completely. Freshly installed countertops can transport a room from drab to dreamy, but can also be expensive if you don’t do your research. The average price for supply, manufacture and installation is roughly $70 to $80 per square foot. A natural stone or quartz countertop will run you about $25 per square foot, while a more expensive and desirable material such as marble would cost you $30 per square foot. On the other hand, basic granite typically costs around $15 per square foot.

Another great feature to upgrade in both the kitchen and bathroom would be the backsplash. The perfect backsplash can change the entire feel of a room, pulling it together and bringing it to life all-in-one. When we talk costs for the average installation and labor of a tiled backsplash, depending on the material of course, it would be safe to budget between $800 – $1,000. For a natural stone slab, the cost is an average of $25 per square foot, whereas for stone and glass it would generally cost between $15 – $20 per square foot and go up from there. More affordable options would be ceramic tiles that cost about $2 per square foot and up.

Keep in mind what your needs are, though, because choosing your material based solely on price can leave you disappointed in the end. You’ll want to consider durability, necessary maintenance and, of course, appearance to ensure you are making the best choice for your home and lifestyle. There are many factors that will influence price, including the material’s thickness, edging, cuts, angles and the number of slabs required. The cost will also vary depending on the material’s finish, from refined to polished to leathered.

These are just two options you have when updating your home; new countertops and the perfect backsplash can reinvigorate your home. Upgrading is one of the best ways to remodel the home you live in, and if you’re bringing it into the market for resale, it’ll help give it a better overall market value! Remember: it’s your home and you get to make the changes you desire, so do it with passion!

average installation and labor of a tiled backsplash, depending on the material of course, it would be safe to budget between $800 – $1,000. For a natural stone slab, the cost is an average of $25 per square foot, whereas for stone and glass it would generally cost between $15 – $20 per square foot and go up from there. More affordable options would be ceramic tiles that cost about $2 per square foot and up.

Keep in mind what your needs are, though, because choosing your material based solely on price can leave you disappointed in the end. You’ll want to consider durability, necessary maintenance and, of course, appearance to ensure you are making the best choice for your home and lifestyle. There are many factors that will influence price, including the material’s thickness, edging, cuts, angles and the number of slabs required. The cost will also vary depending on the material’s finish, from refined to polished to leathered.

These are just two options you have when updating your home; new countertops and the perfect backsplash can reinvigorate your home. Upgrading is one of the best ways to remodel the home you live in, and if you’re bringing it into the market for resale, it’ll help give it a better overall market value! Remember: it’s your home and you get to make the changes you desire, so do it with passion!

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