Jas Uppal, Sales Representative
9889 Markham Rd. Suite 209 Markham, ON L6E-0B7
Phone: 905-209-1400 Mobile: 416-669-5995 Fax: 905-209-1403 Email Jas

Tips for Sellers


Tips for sellers

1 Refresh and beautify

Getting your home ready for sale is crucial. We suggest considering a consultation from a professional stager so your home's potential is maximized when potential buyers see it. Think about getting rid of clutter, adding stylish accents to tired furniture and tidying the yard for curb appeal.

 

2 Upgrade and update

You don't have to completely renovate your home, but consider updating areas that are tired, such as replacing a kitchen counter and sink or replacing worn carpeting. Adding hardwood to a room or two is also helpful as this upgrade is becoming very popular to buyers.

3 Make sure the price is right

Price your property right the first time, according to the current market conditions in your area. Some sellers believe that if they overprice their property, they have more room to negotiate or they can always reduce it later."This strategy can really hurt the seller" Experts say. Prospective buyers will search for homes within their price range. If your home is listed too high, buyers may skip over it.

 

4 Don’t worry about a closing date conflict

If you receive a great offer on your home but the closing date is up to 30 days later than the closing date of the property you already purchased, don't sweat it. Most mortgage lenders will approve bridge financing for approximately 30 days, if all conditions have been removed and you have a firm sale. For peace of mind, speak to your current lender prior to listing your property to confirm this.

 

5 Get the best representation

Your home is most likely your largest investment so you'll want to feel comfortable when you go to sell it. Start off right by selecting a real estate agent who you feel you can trust. Find someone who has a solid marketing plan plus a proven track record of successful negotiated sales.


Tips for Buyers


Tips for buyers

 

1 It's all about location

Whether you're a first-time buyer, investor or existing homeowner, you need to understand the best locations for your investment.  "Buying the smallest house on the best street versus the largest house on a less preferred street will reap big rewards when it comes time to sell." As an investor, a condominium that is near public transit or a university is a good move.

 

2 Think about a condo

There's a surplus of inventory in the condominium market, so your realtor should be able to negotiate a good deal for you when it comes to buying a condo.If you're buying as an investor, rather than a first-time homebuyer,  you will want to consider leasing out your suite for the next four to five years before selling, 

3 Know your credit rating

It's best not to just assume your credit rating is in order. To avoid getting any surprises before you meet with a lender, check your rating first so you have time to resolve any issues that might stand in your way of buying. You can call either Trans Union of Canada at 1-800-663-9980 or Equifax Credit Information Services Canada at 1-800-465-7166.

 

4 Know your price range and stick to it

Meet with one or more mortgage lenders to obtain a pre-approved mortgage before you start house hunting.  Once you know how much you can spend you can narrow down your choices. It's safer to buy within your budget, no matter the economic situation.

 

5 Head out of the city

 Young families are heading out of the City to buy affordable and newer resale homes. Sometimes it pays to go further afield depending on what you're looking for. If you want more space and more property, but have a budget to stick to, a downtown location won't do. You have to widen your circle of prospective locations.