How Pre-Inspections Make Homes for Sale in Nanaimo Sell Faster

When you conduct a pre-listing inspection on your home for sale in Nanaimo, you’ll be able to discover and repair any items that need to be fixed ahead of time. This puts you one step ahead of the competition and you will not be caught off guard or be surprised about the condition of your home for sale. You can, with the approval of your real estate agent, use this as a selling tool when your home does go on the market.

A pre-listing home inspection often demonstrates that you’re serious about selling your home and have made the job of the buyer just a little bit easier.   

2-5-10 Home Warranty

The 2-5-10 Home Warranty is run through the Homeowner Protection office.  I checked the HPO website and this is what they have regarding the 2-5-10 Home Warranty as it pertains to strata new construction.

Home warranty insurance on new homes includes a minimum of 2 years on labour and materials, 5 years on the building envelope, including water penetration, and 10 years on structure.

If you require additional information on 2-5-10 Home Warranty please give me a call

How long will it take to sell our Nanaimo house?

Get a feel for the state of the Nanaimo real estate market.  Knowing what kind of market we are experiencing can help you gauge how long it will take to sell your home.

As your real estate agent, I can calculate the absorption rate of homes by price range in the Nanaimo area.  The definition of absorption rates is: the number of weeks it takes to sell the current inventory at the present rate of sales. The numbers will change with each month.  In the early spring months , the real estate market can be heavy on listings and light on buyers but should adjust as summer approaches.

Should you list your house when your neighbour's house is also for sale?

Having the neighbour's house for sale is a bonus!

Competition on your own street is called exposure and exposure sells houses. The neighbour's house attracts attention as will your house. There will be interest from buyers, neighbours and other Realtors. Many a home has been sold when a buyer comes into a neighbourhood to view one home only to end up viewing and buying another . When there is an open house or  a Realtor office tour at your neighbour’s home, your house will benefit from the exposure.

Don’t hesitate to list your house. Having competition is often a very good thing!

Four inexpensive Kitchen renovations

Resurfacing or repainting old cupboards is the cheapest way to give your kitchen a facelift. Using more glass enlarges and brightens the look of a room. Try replacing a few cupboard doors with glass ones with interior lighting. Changing cabinet hardware makes a big difference to give a modern look to your kitchen. Add a lovely tile backsplash and new wall paint in your kitchen.  Linoleum flooring that looks like floor tile is another inexpensive but impressive reno for your kitchen.

For other   inexpensive kitchen renovations ideas please give me a call.

Things to consider when pricing your home to sell

  When listing your home  to sell you will want to consider "What is the market value of my house?" . To help you decide the sale price of your home consider what other similar homes in your area are listed at or what they have sold for. As a Realtor I can supply you with a comparative market analysis (CMA) which looks at homes in the area that have similar design,  sq. footage, lot size, age of property etc.

The following statistics may be of interest to you when considering pricing your home; over pricing your property shrinks the prospective buyer pool by more than 50%.and  property priced at market value appeals to 60% of the buyer pool. The greatest opportunity you have to attract a buyer for your home is when it is a new listing.

 Based on the above information it is easy to see how important pricing your home at market value is when listing your home to sell.  For a free Comparative market analysis please give me a call.

Real Estate in Nanaimo - Should I accept the first offer that I get on my home?

Look at the following before accepting an offer or making a counter offer:

How much inventory is currently on the market that competes with your home.

Time of year – the market is generally busiest in spring and early fall. 

Review of comparative homes and what they are selling for is most helpful when deciding on whether or not to accept an offer.