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Frequently Asked Questions
If You Have Questions, We Have Answers
What do I need to do to properly stage my home?
Staging your home is an incredibly important part of the selling process. Doing it right can have a huge impact on a potential buyer’s impression of your property. A good general rule to follow is that you want your home to look full, but not cluttered. Remove any items that reveal personal details and instead focus on the remaining purely decorative items. This gives the viewer the opportunity to visualize themselves living in the space. Additionally, make sure the house is tidy, clean, and smells nice.
When should I sell?
Where there is no guaranteed time of year when you should list your home, there are seasonal fluctuations. For example, Spring and Summer often have the largest number of home options on the market, which also means that demand is higher. Wintertime often has less homes on the market, but prices can be slightly lower. If you need a quick sale, we encourage you to list as soon as you can. If you have time to work with, it’s a good idea to wait until your home is ready to list and there is sufficient demand in the market. Talk to your agent to learn more.
How much is my home worth?
The answer to this question depends on a number of factors: some you can change and others you can’t. What you can’t control is the market. If overall prices are down, your homes listing price will likely dip as well. What you can control, however, are the additions and improvements to your home that increase property value. Fixing chipped paint, updating countertops, replacing bathroom and kitchen fixtures, and a number of other items can all positively impact your home’s value.
How much money should I have saved for when I buy a home?
You will need at least 5% of the total value of the home as your down payment. On top of this, you’ll also need to be able to pay for your lawyer fees/closing costs, which are usually around $3500 or higher. There are other costs involved at the time of purchase, so be sure to discuss these options thoroughly with your agent.
When should I buy?
Where there is no guaranteed time of year when you should buy a home, there are seasonal fluctuations. For example, Spring and Summer often have the largest number of home options on the market, which also means that demand is higher. Wintertime often has fewer homes on the market, but prices can be slightly lower. Another important aspect to consider is current interest rates on mortgages. While you can’t predict the economy, a mortgage specialist or broker can help guide you towards getting the best rate.
Why should I buy, instead of rent?
Buying is a preferred option for many people because it gives you an opportunity to invest in a property, rather than simply helping someone else pay their mortgage. Buying a home also allows you to upgrade your property, grow its equity, and make money on its sale. In other words, a home is a great investment.
Do you have a home buyers guide?
Yes, Atlantic Homestead is proud to offer a home buyers guide that is filled with some important information for people looking to buy a new home. You can click the button below to download it.
What is cap rate?
At Royal LePage Atlantic Homestead, we can help you get the information that you need about cap rate. Click the button below to view and download the document.