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Sellers
Your home is undoubtedly one of your greatest assets so when you are thinking of selling it makes sense to engage the services of professional real estate brokers like ourselves to navigate you through the entire complex process.Our team is committed to providing a highly responsive and professional Real Estate service so you have a smooth and stress free real estate transaction!
To Move or Not To Move, That Is The Question?
Some factors to consider in the extend or move decision making process
So your kids have grown... overnight it seems. That once cosy sitting room feels like a rush-hour train in Tokyo. Trying to get into the bathroom is like trying to get surgery: you need to book in advance and even then the chances are you'll be bumped at the last minute by an urgent case (of teen with toilette needs!)
You need more space, desperately, but you've gotten used to your house - wiggly door handles, temperamental shower and all. You've even trained your neighbors... or at least learned to get along over the years anyhow. So do you extend or move?
There are many factors to consider before deciding, and here we'll take a brief look at some of the key points you'll want to address in your move/extend decision.
First, what are your space requirements? Do you just need an extra bathroom or do you also need extra living and/or bedroom space? If additional bathroom access is the only demand then consider converting part of the master bedroom to an ensuite bathroom, or fitting in a powder room on the main floor. Don't forget to consult your local municipality first about planning requirements. Reorganizing existing space can release previously cluttered areas into circulation again, and there are plenty of professional organizers who will act as consultants or install complete new storage systems for your home.
If space is short all around however, then you will need to look at extending or moving. Both of these options require a major investment and will require the advice of professionals at the planning stage. We can help you to identify properties in your area, some of which may not be actively marketed that are suitable for your expanded requirements. We can carry out a market evaluation of your home to help you assess your financial position, either for re-financing your existing home or as a prerequisite to putting your house on the market. We will also give you advice about the returns you can expect for any investment that you make on your existing property. Whilst this is your home first and foremost, for most people it is also their biggest investment and putting extra money into a property where there is little likelihood of appreciation makes poor financial sense.
You will also need to explore the disturbance factor. Both moving and renovating will be disruptive. For a major renovation, you may need to vacate your property whilst the work is being carried out. That means either finding a sympathetic relative with a large home in close proximity to your own... or most likely renting short term. Don't forget to include in your financial evaluation the costs of two moves, storage expenses, and the costs of carrying two properties for this period.
Phew! That's one big evaluation - and that's before making any decisions! You don't want to go through this more than once. We can provide you with information and advice to help you make the right decision - first time!
So your kids have grown... overnight it seems. That once cosy sitting room feels like a rush-hour train in Tokyo. Trying to get into the bathroom is like trying to get surgery: you need to book in advance and even then the chances are you'll be bumped at the last minute by an urgent case (of teen with toilette needs!)
You need more space, desperately, but you've gotten used to your house - wiggly door handles, temperamental shower and all. You've even trained your neighbors... or at least learned to get along over the years anyhow. So do you extend or move?
There are many factors to consider before deciding, and here we'll take a brief look at some of the key points you'll want to address in your move/extend decision.
First, what are your space requirements? Do you just need an extra bathroom or do you also need extra living and/or bedroom space? If additional bathroom access is the only demand then consider converting part of the master bedroom to an ensuite bathroom, or fitting in a powder room on the main floor. Don't forget to consult your local municipality first about planning requirements. Reorganizing existing space can release previously cluttered areas into circulation again, and there are plenty of professional organizers who will act as consultants or install complete new storage systems for your home.
If space is short all around however, then you will need to look at extending or moving. Both of these options require a major investment and will require the advice of professionals at the planning stage. We can help you to identify properties in your area, some of which may not be actively marketed that are suitable for your expanded requirements. We can carry out a market evaluation of your home to help you assess your financial position, either for re-financing your existing home or as a prerequisite to putting your house on the market. We will also give you advice about the returns you can expect for any investment that you make on your existing property. Whilst this is your home first and foremost, for most people it is also their biggest investment and putting extra money into a property where there is little likelihood of appreciation makes poor financial sense.
You will also need to explore the disturbance factor. Both moving and renovating will be disruptive. For a major renovation, you may need to vacate your property whilst the work is being carried out. That means either finding a sympathetic relative with a large home in close proximity to your own... or most likely renting short term. Don't forget to include in your financial evaluation the costs of two moves, storage expenses, and the costs of carrying two properties for this period.
Phew! That's one big evaluation - and that's before making any decisions! You don't want to go through this more than once. We can provide you with information and advice to help you make the right decision - first time!
Should you buy or sell first
Is it better to buy a new home or sell your existing home first? Both options have their advantages and their risks. By carefully examining the pros and cons, and by providing alternatives in case of setbacks, you will be able to make an informed decision.
You might start feeling an urgent need to find a new home right away. But keep in mind that you'll already have all the information needed to make your promise to purchase. For example, you'll know when the buyers of your current home are moving in, and can therefore easily establish when you'll need to take possession of your new home. If ever the dates don't coincide, you can always plan for temporary accommodation.
You can also make a promise to purchase that is conditional on the sale of your home. In this case, the owner of the property you're interested in might receive another offer without any conditions. In order to give yours priority, the owner will ask you to withdraw your condition. You will therefore have to decide whether you'd rather buy that property before selling your existing home, or withdraw your offer.
One way or another, it's a good idea to plan a temporary source of financing in case your current home isn't sold when you sign the purchase contract for your new home.
Selling First
By selling your current home before buying a new one, you'll know the exact amount you'll be receiving from the sale. You'll therefore have a very good idea of how much money is available to buy your new home.You might start feeling an urgent need to find a new home right away. But keep in mind that you'll already have all the information needed to make your promise to purchase. For example, you'll know when the buyers of your current home are moving in, and can therefore easily establish when you'll need to take possession of your new home. If ever the dates don't coincide, you can always plan for temporary accommodation.
Buying First
When you buy first, you'll know your new address, the exact price of your new home, the date on which you'll become owner and the transaction date. You'll be able to consider these things when you receive a promise to purchase for your current home.You can also make a promise to purchase that is conditional on the sale of your home. In this case, the owner of the property you're interested in might receive another offer without any conditions. In order to give yours priority, the owner will ask you to withdraw your condition. You will therefore have to decide whether you'd rather buy that property before selling your existing home, or withdraw your offer.
One way or another, it's a good idea to plan a temporary source of financing in case your current home isn't sold when you sign the purchase contract for your new home.
The price is right
Determining the right sale price is a crucial step when deciding to sell your home. More often than not, the price is the most determining factor for potential buyers.
Thanks to their privileged access to the MLS® system, a network that is reserved exclusively for brokers who are members of a real estate board, your real estate broker can evaluate your property and perform a comparative market analysis based on properties that are similar to yours and that were recently sold in your neighbourhood. Comparative market analyses are indicators of the price that today's buyers are willing to pay for a residence similar to your own, in a comparable area. The analysis takes into account your property's features and the conditions of the current real estate market.
Selling on your own is risky business. Without in-depth knowledge of the market, you can easily underestimate the true value of your property and lose considerable profit. This is why a real estate broker is the best-suited professional to help make the most of your real estate transaction.
Setting the right price from the moment you put your property up for sale is to your best advantage. You'll be sure to attract more potential buyers and therefore sell your property as quickly as possible.
Thanks to their privileged access to the MLS® system, a network that is reserved exclusively for brokers who are members of a real estate board, your real estate broker can evaluate your property and perform a comparative market analysis based on properties that are similar to yours and that were recently sold in your neighbourhood. Comparative market analyses are indicators of the price that today's buyers are willing to pay for a residence similar to your own, in a comparable area. The analysis takes into account your property's features and the conditions of the current real estate market.
Getting Off to a Good Start
To sell your property quickly, it's important that you set the right price from the get-go. When faced with a price that's too high, potential buyers may get discouraged, while those who can afford it will quickly realize that they can get better value for their money elsewhere. It's also good to remember that a property that lingers on the market for a long time tends to lose its appeal.Selling on your own is risky business. Without in-depth knowledge of the market, you can easily underestimate the true value of your property and lose considerable profit. This is why a real estate broker is the best-suited professional to help make the most of your real estate transaction.
Setting the right price from the moment you put your property up for sale is to your best advantage. You'll be sure to attract more potential buyers and therefore sell your property as quickly as possible.
To Sell Quickly, Make a Good First Impression!
When the time comes to sell your home, you only have one chance to make a first impression. We can offer you pre-sale preparation and home staging advice and with our quick access to expert services such as plumbers, electricians and painters, we can work with you to help get your home ready for showing.
Does the home need a fresh coat of paint? Newly painted properties often sell for more. Remember that dark colours can be detrimental to a sale. Instead, choose brighter, more appealing neutral tones. Your carpet's appearance can also be a determining factor. If you can't replace your carpeting, having it cleaned will help give the rooms a refreshing new look.
The kitchen and bathroom must be immaculate. Take the time to clean all appliances and faucets, as well as the bathtub, toilet and sink. Unclutter the counters and don't leave any dirty dishes in the sink or towels around the tub. Give buyers a chance to visualize all storage possibilities.
Throughout your home, fix leaky taps, defective door handles, as well as drawers and cupboard doors that don't close properly. Replace burnt light bulbs and yellowed switch plates. Most of these minor repairs are relatively inexpensive and will help visitors form a positive opinion of your home.
It's important to be discrete when potential buyers are visiting. Leave your broker alone with the client. It will be easier for the broker to highlight your home's strong points and the visitor will be able to voice comments and impressions freely.
The Exterior
The exterior appearance of your home is extremely important. An inviting exterior will attract buyers and encourage them to visit the inside of your home. Your lawn should be well maintained and, during the winter months, keep some photos of your lawn handy so that visitors can see what it looks like during the summer. Cleanliness is essential, so a cleared entrance and clean windows will also make a big difference.The Interior
Inside, neatness is key. Clean your home from top to bottom and get rid of all unnecessary items. Remove any old furniture that is obstructing the hallways or cluttering up the rooms. Clear out any open spaces so that visitors don't feel cramped.Does the home need a fresh coat of paint? Newly painted properties often sell for more. Remember that dark colours can be detrimental to a sale. Instead, choose brighter, more appealing neutral tones. Your carpet's appearance can also be a determining factor. If you can't replace your carpeting, having it cleaned will help give the rooms a refreshing new look.
The kitchen and bathroom must be immaculate. Take the time to clean all appliances and faucets, as well as the bathtub, toilet and sink. Unclutter the counters and don't leave any dirty dishes in the sink or towels around the tub. Give buyers a chance to visualize all storage possibilities.
Throughout your home, fix leaky taps, defective door handles, as well as drawers and cupboard doors that don't close properly. Replace burnt light bulbs and yellowed switch plates. Most of these minor repairs are relatively inexpensive and will help visitors form a positive opinion of your home.
Creating Ambiance
Your home must be well lit. During the day, keep the curtains open and turn lamps on in the evening. If necessary, add lamps in dark corners. Make sure your home is well-ventilated so that visitors aren't turned off by strong odours such as incense or spicy foods.It's important to be discrete when potential buyers are visiting. Leave your broker alone with the client. It will be easier for the broker to highlight your home's strong points and the visitor will be able to voice comments and impressions freely.
Home Improvement By The number
Home improvement projects not only update the look of your house, but can add value and make you money as well. Because of the added value, you can often make back the money you spend. This is called the return on investment (ROI). But it's often hard to decide which projects will add value to your home and which projects will be a money pit.
- Renovations that add features to a home that other homes in the neighbourhood already have such as a second bathroom for example, have a higher recovery rate than features not shared by neighbouring properties
- Renovations done on a home with a lower market value than the others in the neighbourhood provide a higher recovery rate than renovations done on a home which is worth more than neighbouring properties.
- Poorly done renovations may have no positive impact or worse, actually reduce the value of a home.
- Ensuring that a home is in good repair and well maintained is essential. However, renovations done on a home which has maintenance problems will have a much lower impact on its resale price.
- While most renovations will not increase the market value of a home by more than the amount spent, it is hard to put a price on the enjoyment owners get from home improvement.
Protection You Can Count On
Doing business with a real estate agent means that you are protected by the law. The Real Estate Brokerage Act and various other organizations regulate the real estate agent profession so that consumers can expect fair and competent services. So, you know that you'll be served by a highly qualified and well-trained professional.
Real Estate Brokerage Act
The main goal of the Real Estate Brokerage Act is to protect the public. To enforce this, the Act sets out specific rules relating to the brokerage contract for the sale of a house. They are similar to several of the regulations found in the Consumer Protection Act.Association des courtiers et agents immobiliers du Québec
Created by the Real Estate Brokerage Act, the Association des courtiers et agents immobiliers du Québec (ACAIQ) is mandated to protect the public by regulating the professional activities of all real estate agents and brokers. It is responsible for administering the exam that leads to the practice certificate and it ensures that its members carry out their activities in compliance with current laws and regulations. For more information, visit www.acaiq.com.Fonds d'indemnisation du courtage immobilier
Each agent contributes to the Fonds d'indemnisation du courtage immobilier. The Fonds d'indemnisation du courtage immobilier has the authority to compensate a consumer in the event that a problem arises during a transaction whether it relates to fraud, a dishonest transaction or the misappropriation of funds or other property. For more information, go to www.indemnisation.org.Professional Liability Insurance
Real estate brokers must hold professional liability insurance, which ensures that consumers have additional financial protection in cases of fault, error, negligence or omission. This insurance covers civil claims and civil proceedings.Tranquilli-T
Buying or selling a home is one of the biggest events in your life. Your RE/MAX agent understands that and works in your best interests to ensure it comes together quickly and under best circumstances. You get:- Protection in case of delay or withdrawal by the buyer or seller
- Protection if the buyer or his/her spouse dies
- Legal assistance and protection
Community Information - Our West Island
If you long for a lifestyle that offers a certain city outdoor activities... if you seek a clean, friendly and caring community... then you should seriously consider the West Island. You'll find that some of Canada's finest artists and musicians live and work on the West Island. They form a vibrant cultural community, working through the cultural centres or establishing their own studios and galleries. Poets and writers also feel at home here and give readings and talks at libraries and cultural centres. They are attracted partly by the West Island's lifestyle and culture and partly by its proximity to sophisticated Montreal, our downtown, with its many theatres, concert halls and museums.
Many of our communities were summer vacation resorts for Montréalers and have since developed into towns, offering an array of outdoor and indoor sports and leisure activities that make the quality of life here in the West Island second to none. The 13 different municipalities - serving close to 250,000 of Greater Montreal's nearly three million people offer a combination of services rarely found in other regions of North America. The West Island is a multicultural community with a cosmopolitan flavour and most residents are bilingual.
So whether you're looking for sport or culture, condominium or cottage here in the West Island we've got just the place for you.
For more details on each municipality that make up the West Island, click on the internet link for the city that interests you or call us to find out more about how can help you to find your dream home in your dream neighbourhood.
Many of our communities were summer vacation resorts for Montréalers and have since developed into towns, offering an array of outdoor and indoor sports and leisure activities that make the quality of life here in the West Island second to none. The 13 different municipalities - serving close to 250,000 of Greater Montreal's nearly three million people offer a combination of services rarely found in other regions of North America. The West Island is a multicultural community with a cosmopolitan flavour and most residents are bilingual.
So whether you're looking for sport or culture, condominium or cottage here in the West Island we've got just the place for you.
For more details on each municipality that make up the West Island, click on the internet link for the city that interests you or call us to find out more about how can help you to find your dream home in your dream neighbourhood.
