Get Your Home Ready To Sell This Fall

Get Your Home Ready To Sell This Fall

Most people don’t have the luxury of thinking about the season when it comes time to put their home on the market. However, each season the real estate market operates a bit differently, and there are certain things that you must do when listing your home in the autumn. Follow through with these items, and you will sell your home more quickly.

Spruce Up Your Landscape

While you should always keep the landscape on your Kelowna property looking good when your home is on the market, it is especially important in the fall. Piles of leaves scattered across your lawn create a poor initial first impression. Trim around the edges and clean up those leaves to get buyers off the sidewalk and through your door.

Make Your Fireplace Prominent

Prospective buyers are drawn to the idea of a warm and cozy fire as the cold weather months approach. If you are lucky enough to have one of these in your home, take the following steps to showcase it:

* Position an area accent rug on the floor directly in front of the fireplace.

* Frame the fireplace with artwork featuring orange, yellow, brown and red, the colors of autumn.

* Place throw pillows near the fireplace for seating.

* Create visual interest by placing candles on the mantel.

These tips will help you draw people into the home and allow them to see it as a place of refuge when the weather outside is bad.

Keep Politics Out Of It

Fall is election time, and many people have political materials on display throughout their home. Since politics tend to be divisive, it’s a great way to turn prospective buyers off. Since political feelings run deep these days, you run the risk of alienating people even if they love your home. Keep the signs in your home neutral so that anyone can imagine themselves living there you want to sell.

Don’t Overdo It

Many people love to decorate their homes to match the seasons. Think pumpkins and scary cats for Halloween or scarecrows and other harvest symbols during the Thanksgiving season. However, while a few of these decorations will make your home more inviting, too many of them will obscure the important details that your buyers need to see to make a decision. You need to give them room to imagine which decorations they would include if they purchased your home. Keep in mind that when your home is on the market, it is about the buyer’s perceptions, and not about you.

It is never a simple thing to sell a home. In any season, a great deal of preparation and planning must be done to be successful. Each season presents its own difficulties, and when you understand them, you can focus on the small things that will dramatically improve your chances of a quick sale. To sum up, your home will sell better when you spruce up your lawn by removing leaf debris, you feature the fireplace, you keep politics outside, and you tone down the fall decorations.

For an update on the value of your Kelowna Home please call me

 

Realtor Andrew Smith
Living in Kelowna,
Andrew Smith
Royal LePage Kelowna
1-1890 Cooper Rd, Kelowna, BC V1Y 8B7
250-979-8066 or Toll Free 1-877-330-5884
Follow me on Twitter @smithap01

Cal for more information https://www.okanaganbc.com/ or view here housing prices in Kelowna

Shrugging Off Outside Influences

Shrugging Off Outside Influences

At least we’re not talking about the Chinese stock market anymore. When outside influences that we have no control over become part of a Kelowna real estate negotiation, well, it just isn’t good. As an agricultural based economy there was a time when the price of apples was more important than the price of a barrel of oil but outside influences are often the canary in the coal mine giving many of us pause to worry about a bubble. There I said it…the “B” word.

 

Housing Bubble

Our version of a housing bubble though might be different than other places. This time last year the average price of a residential home in Kelowna was $545,800 compared to $544,200 this year.  It’s certainly been a robust year on the real estate front with over 2,200 homes sold with a Fall market to come. Our advantage here is that even though we’ve become accustomed to having Albertans prop up our housing market, when things slow down there we know that the majority of our homes are sold to locals buying from other locals. The rest is gravy really.

Federal Election

I haven’t heard of anyone putting off buying a home to wait until federal election results are in. With a close three way race that’s too close to call, no one appears to be nervous about what might happen. This is a pleasant surprise. This could change though as election day nears but I somehow doubt it will.

From a historical perspective, 10 years ago the average price of a home here in Kelowna was $346,300 and I’m certain we were worried about outside influences then but things just kept rolling along. As locals we sometimes don’t notice but when we speak with someone who’s just visiting they always remark on how much construction is going on here. Have you walked around downtown lately? With so many condo projects on the go these days outsiders are noticing that our real estate picture is still strong.

Realtor Andrew Smith
Living in Kelowna,
Andrew Smith
Royal LePage Kelowna
1-1890 Cooper Rd, Kelowna, BC V1Y 8B7
250-979-8066 or Toll Free 1-877-330-5884
Follow me on Twitter @smithap01

Cal for more information https://www.okanaganbc.com/ or view here houses for sale Kelowna BC

Summer Round Up For Kelowna Home Sales

Summer Round Up For Kelowna Home Sales

Welcome back to my brief overview of the Kelowna housing market….I didn’t round any numbers up or down this time in hopes of making it look that much more credible.  Comments welcome.

 

There were a few days last month when it seemed we were all worrying about the stock market again and contraction in the Chinese economy, but that seemed to end quickly.  They don’t teach you in real estate school how to handle customers being nervous over events we have no control over.  Don’t mistake me, we all know what to say and most adults who follow current events have thoughtful opinions on Chinese exports, the Canadian federal election, price of gasoline, Syrian refugees, value of the loonie and BC forest fires.  Just the fact though that these things get brought up at a kitchen table during a counter offer usually isn’t good news and it decreases the odds a little of successfully crossing the finish line with a sold sticker on someone’s front lawn.

 

Talk about a housing bubble is another frightening topic that makes buyers want to hide under the covers.  Realtors can produce graphs, data and evidence that market conditions are strong but the “B” word worries the heck out of people and sometimes no amount of hand-holding will be enough to convince them otherwise.  The Toronto waterfront condo market may or may not be overvalued, but a national news story focusing on foreclosure numbers three time zones away is enough to give some people here cause for concern.

Kelowna 2015 Home Sales Market

Here’s Kelowna’s 2015 version of a housing market correction.  Through August 31st of this year, the average residential sale price of a home was $544,214 compared to $545,782 in 2014.  Hmmmm.  We’re now in the Fall market, so there’s enough data lying around this year to suggest that’s it’s been robust.  2,201 homes have sold so far this year compared to 1969 homes at this point last year.  And last year was a good year!  Down deep inside none of us really know what’s going to happen to the Kelowna housing sector but it’s certainly easier these days to make the argument that prices are too low instead of too high.  Ten years ago when people were worried about that same elusive housing bubble the average price here for a home was $346,300.

 

Good, news for the condo market.  768 sales so far this year compared to 681 this time in 2014.  Prices are up a bit too from $251,490 to $262,474.  Judging by anyone’s looking-around-and-noticing-stuff analysis, there are a lot of new condo projects around town and an even stronger argument can be made that our resale market is undervalued even more than the residential market.

Realtor Andrew Smith
Living in Kelowna,
Andrew Smith
Royal LePage Kelowna
1-1890 Cooper Rd, Kelowna, BC V1Y 8B7
250-979-8066 or Toll Free 1-877-330-5884
Follow me on Twitter @smithap01

Cal for more information https://www.okanaganbc.com/ or view here homes for sale in Kelowna

Pin It on Pinterest