Thinking Resale.
One thing buyers often fail to do when looking at potential homes is to “think resale” ahead of committing to buying. It’s all too easy to fall into the trap of waiting until it’s time to sell before considering the saleability of your property. But planning ahead carefully will both save you time, and make you money.
Bear these six factors in mind when shopping. You’ll make your resale experience much easier down the road:
1. Neighbourhood. Location! Make sure you’re buying in an up-and-coming or desirable area if you want a smooth sale.
2. Street. Even if you’re in the right ‘hood, you still want to consider whether you’re on a good street. Is it a busy throughway? A quiet dead end? Make sure you buy where others will want to live.
3. Schools. Families will want to buy near good, quality schools. Is a family likely to one day buy your unit? This should be a factor in your decision.
4. Condition. We all knew this one anyway, but it’s important to mention. Homes in good condition will always sell faster and for more money.
5. Layout. Is the home “functional”? Awkward? Keep in mind important factors like the fact that buyers usually prefer all bedrooms to be on the same floor and like to have the laundry conveniently located.
6. Be Average. I bet you never heard that one in school! This rule simply means that you should not buy the nicest home in the neighbourhood. The average homes sell much more easily because more people who are shopping in that area will be expecting to find the price and type of home you’re offering.
Simple! Taking a minute to think resale right off the bat will help you avoid pitfalls in the sale process later. In the long run, it will provide you with a faster, smoother sale, and a better chance at achieving a high price.
Ready to shop or thinking of selling? Call me today and we can discuss how the current market is going to impact your next move.
Until next time,
Shaun Nilsson
1-888-712-7888
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