Contact A REALTOR® - Contact not just any REALTOR® but a REALTOR® you have intentionally chosen. It is the great thing about the real estate industry - you can pick your home team (e.g. mortgage broker, home inspector, etc.). Do your research to see who will best fit with your personality, needs, wants, and client-care expectations. How do they give back to the community? Questions like these can help you if you are interviewing many potential REALTORS®. Just remember to hire only one so that you do not sabotage your home buying process.
Prepare Your Product – Just as you would organize and adjust a rack of clothes to sell in a clothing store, you should do the same with your house to the same scale. Buying a basic functioning rack, arranging the clothes in an orderly manner, and possibly even color coordinating is guaranteed to attract more buyers. In the same way, if you need to update a vanity, touchup paint, and purge "stuff" from your house, it will help it to attract more buyers. It is important to strategize preparations because buying a gold plated rack to sell $10 shirts will not make the shirts sell for $80, which then minimizes profit. In other words, your can over-renovate. Most importantly, remember nobody will buy a $100 jacket if they can get the exact same jacket for $50 elsewhere - it is called "Market Value" and is applicable in real estate as well. Being conscious of marketing strategies like these, and implementing them, will ensure you get top dollar for your home.
Accommodate Showing Requests – Often if there is a tenant, a homeowner may have difficulties approving showing requests. However, in a Seller’s Market it may be worth your while to list it for sale vacant due to the low supply, high-demand, and quick possessions being common factors. Alternatively, if your property has been listed properly, you could be inundated with a few dozen showing requests in a matter of days. Although it can seem daunting to have to constantly be leaving your house, you can rest assure that you are taking every step to ensure it gets the most exposure resulting in a top dollar offer. You can also rest assure that organized real estate abides by local and provincial safety regulations which are enforced by REALTORS®.
Presentation of Offers – While it is a great option if your property has the highest buyer demographic with the lowest supply, it can also drive buyers away. You can always drive away a pool of buyers by forcing timelines upon them. You are also limiting yourself to the pool of buyers at any given time. Whereas if you can capitalize on an entire season, like a busy spring season, one buyer might offer $40,000 above another buyer but several weeks apart. It also confuses buyers sometimes when it is listed low for the Presentation of Offers and it does not sell, then the price is raised which deters more buyers. Often times, a good old fashion market value listing is the most successful option. Your trusted REALTOR® can advise you on strategies like this, and more, to decide on what will be most successful for your unique property.
If you would like to learn more about capitalizing on the Seller’s Market (https://www.cbc.ca/news/canada/saskatoon/real-estate-homes-hot-market-1.5951774), call or text Tanya LaRose at 306-380-7325.
- Start In The Kitchen – Fill your pantry with food options that have the least possible preservatives and manufacturing processing. Non-perishables such a beans and lentils are ideal and have endless delicious recipes they can be incorporated into. Fill your fridge with fresh vegetables and move any junk food into a hard-to-reach cabinet as well.
- Lights, Camera, Action! – Remove any fluorescent tube lighting and any light bulbs that are cool in tone. Warm light is best for your eyes and LED lights are best for your electricity bill.
- Create A Fitness Zone – Whether it is an entire room with professional workout equipment or a corner of a room with jugs of water and a rebounder, make it a priority to regularly visit this space. Increasing your heart rate regularily can add years to your life.
- Decompression Space – Again, whether it is an entire room with Himalayan salt lamps and essential oils or a yoga matt near a window, a space to destress is essential to healthy living. Whatever stress management tools are most effective to you, should always be readily available in your home.
- Proper Air Quality – Always stay on top of the humidity and airflow in your home. If weather permitting, open the windows every now and then for some fresh air. House plants are a wonderful conduit to support proper air quality in a home as well.
- Bedroom Energy – Remove all electronics from your bedroom, especially if you find that you have been struggling with insomnia. Televisions, tablets and phones can seem like down time activities but the blue light stresses out the eyes and mind.
- Choose A REALTOR® – The benefits of working with one REALTOR® will always out weight the benefits of working with several REALTORS®. It is like choosing six pennies over one dime. When you work with one REALTOR®, you are guaranteed all fiduciary duties from them protecting your best interest to maintaining your full confidentiality. An effective working relationship is also developed where your REALTOR® will have a thorough understanding and commitment to your needs. Once you have committed to a REALTOR®, they will act as your personal concierge for scheduling all showings and dealing with all vendors.
- Get A Mortgage Pre-Approval – Any skilled REALTOR® will ask you for proof of mortgage pre-approval prior to showings. No matter how sure you are of your financial picture, there are multiple variables that can affect this. It is a small step for a buyer to take, out of respect of the seller who is sacrificing their time and privacy, to be allowed access into someone’s personal space. You also save yourself time and disappointment as you may be looking at homes that are out of your budget. It is a privilege to be allowed into someone else’s home and only an amateur will overlook basic regulations of organized real estate. Nobody benefits from an amateur!
- Provide Photo ID – Again, providing proof of your identity is a small step to protect all parties involved in any potential real estate transaction. When you are asked for your photo ID, it has nothing to do with invading your privacy, but everything to do with protecting REALTORS® from assault or rape and sellers from thieves or other criminals. It also protects you by preventing any catfishing should an actual criminal attempt to claim your identity to access a home. Not to mention the added health risks during a global pandemic, the seriousness of entering someone else’s home cannot be understated. Organized real estate benefits all parties involved so when you are asked pre-qualifying questions, DO NOT COMPLAIN as it saves everything from time to lives.
- The 2nd Busiest Year Ever – Strictly speaking in terms of market
data, 2020 has been the second most active year for Saskatoon residential real
estate in the history of Saskatchewan MLS®.
- June Explosion – While the pandemic caused an
audible pause at the end of the first quarter in the 2019 real estate industry,
much like most other industries, the market activity had a huge explosion
starting at the beginning of June. The activity far exceeded that from the
following year, and each following month after June in 2020 continued with the
- Sharp Market Shift – Over the past several years in
residential real estate, Saskatoon has been in an extreme Buyer’s Market
with seemingly no end in sight. Of course, no one saw the pandemic coming which
resulted in a sharp shift to an extreme Seller’s Market. Typically, this
kind of Market Shift happens very slowly over numerous years, so the industry
is doing its best to keep up but over the past few months demand has exceeded
- Golden Houses – It should be noted that the conditions
of this Seller’s Market are most applicable to houses, also known as Single
Family Dwellings. The condominium inventory is not moving quite as quickly
as a house under 500k. Theoretically speaking, if these trends continue into
2021, it would be the ideal time to downsize. A homeowner could capitalize on
selling for top dollar for their home (if advised properly in sale preparations
by their REALTOR®) and possibly get a great deal on a
condo. It would also be an opportune time for parents to invest in a condo for
their children who are going to post-secondary school.
- Cabin Fever – Fascinatingly enough, the Market
Shift is a result of two primary factors: low mortgage rates and, for lack of a
better term, cabin fever. Homeowners who are confined to their own home for
months on end have proven to get restless enough to either renovate their
current home (i.e. lumber and other home products shortage) or move into a
different home simply for the sake of a change in setting.
are thinking about selling your home in 2021, contact Tanya LaRose at 306-380-7325
for assistance in the most successful sale possible.
- Consider Your Street – If everyone on your block lights up the exterior of their home, you may want to consider matching that level of cheer. A first impression as “The Grinch” might not bode well during showings, drive-by's, and/or open houses.
- Keep It Real – Although considered “high-maintenance”, a real tree appeals to two sense: sight and smell. Two important aspect of successfully selling a home. The warmth psychologically triggered by a real Christmas tree is worth every effort to keep the tree alive over the holiday season.
- Keep It Classic – The overall theme you set for both exterior and interior decorations should be classic. Classic colours like red, white, and green or gold. No new holiday characters that anyone over the age of 30 will not recognize. Simply put, think “Miracle On 34th Street” for décor inspiration.
- Sending Out Christmas Cards – If you are a savvy Christmas card sender, you can always note a reminder to your family and friends that you are trying to sell your house. Family and friends are great networks to tap into for potential buyers that you normally would not have access to.
- Depersonalize Decorations – Just like every other day of the year, decoration should always be depersonalized in a home that is listed for sale. No names on the stockings or personalized tree ornaments. Ultimately we want to keep family photographs to a minimum, heavy religious symbol lessened, and any potentially offensive décor removed.