Selling a home can be both an exciting and challanging time in a homeowners life. One item that will need to be dealt with by a Canadian home seller is the Seller Disclosre Form. There have been cases of issues discovered by unsuspecting Canadian home buyers after closing on a home. Sellers may not have disclosed or been aware of problems such as mould behind walls, foundation cracks and basement flooding.
Sellers should understand that they may want to share certain types of information when selling a home and buyers would do well to take time to review a seller's disclosure. Understand more about a seller's disclosure on the sale of property in Canada.
For informational purposes only. Always consult with a licensed real estate professional
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Selling a home can be stressful, especially if the buyer is unprepared or has unrealistic expectations. Fortunately, you can often identify these buyers from a distance, if you know the signs. If you're a homeowner who will soon be selling your home, watch out for these buyer red flags.
Recording devices designed to provide security for a homeowner are commonplace today. Whether they're used to make sure the nanny is giving adequate care to children or to ensure the security of the perimeter of the home, home sellers could also be recording every transaction that occurs when a buyer is touring the home. While it's natural for homeowners to want to know what a potential home buyer really thinks about their Northeast Calgary home, the information they glean from these recordings could also be used to their advantages during negotiations.
It can be difficult to sell unimproved land. There are generally fewer deductions that apply after a sale and it requires some measure of creativity to help prospective buyers envision the possibilities of a parcel of land. However, there are many who are interested in buying undeveloped land, much like buying a home. This audience may include those looking to live an off-grid lifestyle, others that want to use the land for recreational purposes or hunting, or that may want to use tracts for agriculture or other types of development. What should individuals know about selling land in Canada?
Some Canadian homeowners may be thinking about renting out a property for additional income or to ensure it appears occupied. This may be worth considering for individuals with multiple residences or vacation homes that are underutilized. However, the path to becoming a landlord may not be without its share of challenges. It may be useful to discuss this option with a financial planner to see if renting is feasible based on one's specific situation and any applicable housing laws of the area.
Marketing is an important part of making a home sale. The way a home is marketed can affect how much money the home sells for and how quickly the home sells. In recent years, some new tools have been introduced to the real estate market. Homeowners who want to get creative with their home marketing strategy can use virtual reality to attract a wider audience and more home buyers. Here's what you need to know about virtual reality in home selling.
Home foreclosures in Canada are a rather involved and somewhat complex process. It is through foreclosure action that lenders attempt to recoup arrears and principal balances on mortgages in default. Some of the most common causes of lenders initiating foreclosures include:
When buying a home formerly owned by a smoker, a non-smoking new homeowner often faces the process of cleansing the home of preexisting odors. Airing out the house can be a multi-step process involving a lot of cleaning and some remodeling. With some extra effort, buyers can make a home formerly owned by a smoker smell fresh and clean.
The older we get the less likely we want to go through the hassle of selling our home and moving. It’s a lot of work and very disruptive and honestly, the majority of people over the age of 65 don’t want to do it. Senior citizens are reluctant to leave their friends, to get rid of possessions and say goodbye to a home they have lived and loved in for decades.
When selling a home, visibility is key to finding potential buyers, and that’s where marketing comes in. Working with a real estate agent will help with some of the marketing, but there are even more ways homeowners can help their home that don’t just rely on giving a collection of photos to their agent. Here are some of the different ways homeowners can market their home to help it reach the right audience.
