Remodeling That Pays

The following renovation projects provide the highest payback potential for homeowners: Upgrading your home is always appealing, but which enhancements provide the best return on your investment? The Appraisal Institute of Canada, provides information on those repairs that provide the best return. Source: Appraisal Institute of Canada 2006 Home Renovation Survey 1. Bathroom Renovation 2. …

Tips for pricing your home

1. Consider comparables. What have other homes in your neighborhood sold for recently? How do they compare to your home in terms of size, upkeep, and amenities? 2. Consider competition. How many other houses are for sale in your area? Are you competing against new homes? 3. Consider your contingencies. Do you have special concerns …

Open House Tips

Advertise your open house. Ideally you should advertise on both the weekend before and the weekend of the open house. Check with the local paper to see when their ad closing deadlines are. Create a property summary sheet. This sheet gives prospective buyers an overview of your home. Include dimensions for each room, copies of …

Is your buyer qualified?

Unless the buyer who makes an offer on your home has the resources to qualify for a mortgage, you may not have a sale. If possible, try to determine a buyer’s financial status before signing the contract. Ask: If the buyer has been prequalified or preapproved (better) for a mortgage. Such buyers will be in …