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Couple Buys Home

Bite Sized Regina Real Estate Advice

Easily Digestible Advice You Can Squeeze Into Your Head in one Sitting

You may have heard, or read, that you should turn the lights on before a showing. Maybe your REALTOR® even told you to. Well, it's kind of right.

Your home is up for sale and you've worked hard to get ready for the big day. You've priced it fair, cleaned it up, and done some minor repairs.

Now the moment you've been waiting for—your first showing. Hit every switch, turn up every lamp and out the door.

Brother, you've got more lights on than the set of a feature film.

Go back to the day when you got your groove on at the club (maybe you still do). Last call came and you ordered two drinks. Before you knew it the lights came up and they were pointing you out the door. As you left you thought "ugh, this place looks like a dump with all the lights on".

If you turn on all the lights in your home it can spoil the mood; it makes the imperfections jump out.

Instead, show your creative side! Maybe a lamp in the living room with the shade tilted, dim the kitchen lights just right. Go for the dinner party look, it's way more appealing.

Buyers use all their senses when they look at homes—they usually know if they like it in the first few minutes. Don't leave them blinded by the light.

They sound similar and are often confused.

The down payment is the amount you intend to pay upfront when purchasing a home—the balance of the purchase price will be in the form of a loan. The minimum down payment required to buy a home is 5% of the total purchase price. This money can come from your savings, an RRSP or as a gift from a family member. You can’t borrow the down payment.


The deposit is a cheque written at the time of your offer. The deposit informs the seller you are acting in good faith and have the resources to buy the home. Your deposit also acts as security for the seller as it is non-refundable once the sale is finalized.

Depending on the purchase price and the amount of your down payment, deposits usually range from $5000-$10,000. A large deposit demonstrates a position of financial strength and makes your offer look more attractive—a poor down payment does the opposite.

When your offer is accepted the deposit will be held in my brokerage's trust account. If the sale is finalized (all conditions are removed) the deposit becomes non-refundable and forms part of your down payment. Should the sale fall through—for any reason—the deposit is returned to you (in full) and the home goes back on the market.

Curtis

Your home is up for sale and you have a viewing request, bingo! It's showtime—Imma bake a cake.

Don't bake a cake. It makes buyers think you're up to something. If buyers think you're trying to trick them they form a negative impression of you. They wonder what else you're trying to hide.

The best smell is no smell.

When you have a showing, just make sure you don't cook a smelly meal, clean the cat litter, and take your smoke break outside.

Maybe open the doors and windows for a few hours and let the fresh air do its thing.

Don't bake a cake.

Curtis



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