For Sale

8 Tips to alleviate stress when selling your home

If you ever have had your home up for sale, you understand the stress it can cause.  Especially if you have been in your home a long time and are now downsizing.  (I speak from personal experience!)

There are so many challenges to face both physically and emotionally.  There is the uncertainty on pricing; the decluttering and depersonalizing your home to attract the right purchaser who will hopefully offer a fair price; the continued upkeep and hours of cleaning your home before ‘showings‘ that last 15 – 60min.  (I recommend that you are not home during showings as people will be looking at your house with critical eyes and not have the same happy memories that your home has provided for your family over the years.)

Here are a 8 ways to alleviate the stress:

  1. Know why you are really selling. IE: downsizing, upgrading, relocating etc.
  2. Do research online to understand the pricing of other homes both in your area and the area you want to live in.
  3. Select the style of home you want to live in and story board images of the exterior and interior on places like Pinterest and Houzz.
  4. Walk thru your home and look at it from a purchaser’s eyes.  If this is difficult, have a home stager come in and offer an unbiased 3rd party opinion.
  5. Declutter and depersonalize your home to make it appear larger and more appealing to a new owner. (It is hard to view a home as your own when you see family photos, very personalized art pieces and/or religious artifacts.)
  6. If you aren’t in a pressure situation, have a bottom dollar amount in mind so that emotions can stay out of the purchase process.
  7. Keep positive and understand that this ‘for sale‘ process will last for only a short time (relatively speaking – even if it feels like years!)
  8. When an offer comes in, deep breathe, and remember why you are selling and envision your new home as a new exciting chapter in your life.

 

Written by Jan Addams
(DAT Girl)  Designer, Author, Trainer

Jan with love flowers from Glen

Costs for listing a home in BC

Time to Sell?

houses_and_dollar_signYou have read the ‘8 Key Deciding Factors‘ (if not go HERE) and have decided that your home no longer meets your family’s needs regardless of renovating.  Now what?

Most people realise that they need help to sell their home so hire a Realtor to do it for them.  This decision has many variables to consider.

Here are a few:

Many ‘full service’ Real Estate Companies  charge 5 – 7% on the 1st $100,000.00 and 1.5 – 3.5% on the balance.  This can add up really quickly and needs to be considered when you put your home up for sale.

For eg: A $600,000.00 sale price = $100,000.00 = $7000.00 + 17,500.00 equals $24,500.00 in commissions.  If your house is in Vancouver, BC the average house is over 1 Million!  So… a house that is $1,600,000.00 = $7000.00 +  2.5% =37,500.00 equals $44,500.00 to 3.5% of the balance = $52,500.00 + $7,000.00 equals $59,000.00  in Real Estate Fees!

Times have changed on how people view, sell and buy houses.  Thirty years ago, a Realtor received the daily MLS hotsheet of new listings and once a week the local MLS book.  Realtors went on weekly tours to all their office’s new listings so they would be well informed of the properties their company had to offer.  As a seller you called up a few different Realtors to give you a comparative market analysis of what your home could potentially sell for based on sold houses that were similar to your home. You listed your home with the Realtor you felt would give you the best service, pricing and fee structure.  As a prospective buyer, when you wanted to view a home you had to call the Listing Realtor and book an appointment.

Today the MLS (Multiple Listing Service) is online.  Digital photos of homes as well as virtual tours make the process of purchasing a home much easier.  The services of a Realtor has changed as well.  Savvy consumers do their shopping online and are more knowledgeable about homes in general.  They are also asking the hard ‘why should I give my hard earned money‘ to a Realtor?  Some Real Estate companies have changed their fee structure to combat this.  One Percent Realty; Flat Fee Service; FSBO.com are a few companies that have come on the scene in recent years.

Regardless of which company and agent you choose, make sure you read ‘the fine print‘ to avoid any possible misunderstandings.  Good and honest communication is always the best policy!

PS: Also, remember that there are several other factors to also consider when you sell such as your house tax adjustment; title transfer fees; moving fees etc.  More about these in an upcoming post.

Written by Jan Addams