Home Trends from Ed Wang and Christopher Wannamaker

THE W GROUP REAL ESTATE

Royal LePage Connect Realty

With multiple offers common in a seller's market, you may think that your home doesn't have to be in tip top shape in order to sell. While this may be true in theory, the better shape your home is in, the more likely you are to receive fair compensation and even offers above asking price. A home in good repair shows potential buyers you care about the property and have likely taken good care of it while living there and a lot of buyers are looking for a move-in-ready property as opposed to a fixer upper. What types of things should you consider doing prior to listing? A deep clean and declutter is always the first step. Then, smaller fixes that take time but don’t cost a lot of money should be your next priority. Things such as fixing any holes in the walls, spot treating stains in the carpet, replacing broken light fixtures or blinds or curtains and the like will all benefit you in the long run. Larger projects, like new shingles, major plumbing issues, replacing large appliances, etc. would be best to discuss with a professional ahead of time. Many buyers aren’t going to be too excited to fork out the cost of a new roof within a year or two of moving in and thus their offer may reflect that. However, if they’re big fans of stainless-steel appliances and you opt for a lower cost white stove instead, that may turn them off of the house. Let’s discuss those types of alterations before you go ahead and determine the best path forward. FIXING YOUR HOME IN A SELLER'S MARKET

Office: 416.588.8248 | www.wgrouprealestate.ca