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Home Selling Blogs – Victoria

Home selling advice for Victoria, BC residents by Ron Neal & The Neal Estate Team.

Found 13 blog entries about Home Selling Blogs – Victoria.

Selling Your Home as a Short Sale: Getting StartedWhen a homeowner is no longer able to make payments on their home, or when a homeowner would like to sell their home, but they're underwater on their mortgage, a short sale becomes a viable option. Short sales can be complicated and can have a negative impact on a homeowner's credit report, however, there are upsides to short sales. A short sale can help a homeowner in financial distress, and can prevent foreclosure. If you're a homeowner struggling to make your mortgage payments, here's what you need to know about short sales.

For informational purposes only. Always consult with an attorney or certified tax expert before proceeding with any real estate transaction.

What Is a Short Sale?

A short sale is what happens when a homeowner sells

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The Start of the Foreclosure ProcessA change in financial circumstances can make it hard for a homeowner to make regular mortgage payments. Missed mortgage payments can result in a lender deciding to initiate the foreclosure process. What are Canadian homeowners to do when faced with foreclosure? Learn more about the foreclosure process and how to avoid it today.

For informational purposes only. Always consult with an attorney before proceeding with any real estate transaction.

What Is Foreclosure?

There are many who have never had to deal with the foreclosure process. Homeowners may want to know more about this legal process whereby the lender or a mortgagee assumes ownership of the property. This occurs when a borrower has defaulted on their mortgage.

When a borrower agrees

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Marketing a Home to SellThere may be many reasons why Canadian residents may be interested in selling their home. Some common motivations include needing more space for a growing family, not being satisfied with the property, or a job transfer. Some may choose to sell a home themselves but can be in for a rude awakening when not taking time to properly market their home. That is why the majority of homeowners choose to work with a licensed agent who is experienced with marketing a listing and helping it stand out.

Drive more traffic to a listing and attract multiple offers with a properly marketing home. Learn about the techniques agents use to market homes in Canada today.

For informational purposes only. Always consult with a licensed real estate professional before

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Why You Shouldn't Sell Your Home on Your OwnFor Sale By Owner (FSBO) is a term that sounds like a big money-saver for Oak Bay home sellers because means they get to keep the commission they would have otherwise paid to an agent. Today, there are plenty of websites and even online real estate services that claim to help sellers save thousands of dollars on their home costs. But no matter how fool-proof the selling process may seem from the outside, there's a reason why agents have trained to get where they are. See why it's too big a risk to take.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

Too High, Too Low

Setting a price is more than just getting a market assessment and researching the

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Selling a Home When Pets are AroundPets can be wonderful to have, but they make selling a home difficult. Pet odors, pet damage and even pets themselves can deter buyers. If you're a homeowner with pets, these tips can help you sell your property quickly, and for the right price.

Get Rid of Pet Odors

Pet odors can be a deterrent for a lot of home buyers. Buyers often find pet odors unpleasant, while those who have allergies may need the odors to be eliminated before they can move in. Homeowners who get rid of pet odors before buyers come for viewings can help their home sell more quickly. Deodorizing carpet is one way to get rid of pet odors. This is done by sprinkling baking soda on the floor and leaving it there overnight. It can be vacuumed the next day.

Opening windows

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Selling Your Home in a Competitive MarketOne thing that many sellers dread is a buyer’s market. This means that there are far more homes for sale than there are buyers looking for homes. As a result, home buyers effectively have their pick of the litter and sellers are left competing with each other to provide the best deal to entice the buyers. This is different than a sellers market where there are not enough homes and the buyers are at a disadvantage.

Selling in a buyer’s market can be tricky, but it isn’t impossible. If sellers make the right preparations before putting their home on the market, they can help ensure that their home finds a buyer regardless of the market. Here are some of the different things buyers can do to appeal to buyers and make a sale. 

For informational

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Tips for Completing Your Seller's Paperwork for a Faster EscrowHome sale paperwork has become progressively more complicated over the years, in an effort to stave off lawsuits and disputes from either party. The exact paperwork each Victoria home seller needs will depend on the province in which they live, but there are general best practices that sellers can use to prepare. The idea is for sellers to consider what the buyer needs to know as they're gathering up all the necessary documents.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

The Main Paperwork

Sellers are likely already familiar with the most important documents:

  • Deed
  • Survey data
  • Property tax records
  • Renovation information
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What You Need to Know to Sell Your Vacation HomeWhether selling a Type A or Type B property, vacation home sales differ from those of their primary home counterparts. From taxes to appreciation to staging, there are a variety of factors to keep in mind. To get the most from the Malahat North home sale, keep the following financial and practical tips in mind.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

How Capital Gains Work

Capital gains apply to all sellers of secondary homes. This refers to any appreciation that occurred from the time the home was purchased to the time it was sold. So a property that was purchased for a net $75,000 and sold for a net $125,000 would be taxed at up to

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A 'How to Sell Your Home' GuideA home seller can take a number of different approaches to attract home buyers and get the offers they want. However, sellers need to understand how the process works before they start trying to add in their own special touches. Keep the main stages in mind to have a better idea of where to start and how to navigate your home sale without the hassle.

Declare a Budget

From staging and advertising to closing costs, home sellers need to hammer out their finances before deciding who to hire and how to list. Canadian buyers are usually required to hire a lawyer to ensure their paperwork is air-tight, so sellers should start researching average fees in their area as soon as possible. If sellers still have an active mortgage, they'll likely need to

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6 Must-See Ways to Improve Curb AppealEveryone wants a home that looks welcoming, especially when they’re trying to sell that home. A welcoming home draws buyers in and makes them want to spend time there, which can result in offers and even a sale. The best way to make a home appealing is to focus on its cub appeal, as the home’s exterior will be the first thing buyers see of it. There are many ways to boost curb appeal, and here are six of them.

1. Keep the Gardens Tidy

Gardens are highly visible and naturally draw the buyer’s eye, so it’s important for any gardens to look their best with the best possible landscaping. This includes removing weeds and dead plants, putting down fresh mulch, clipping overgrown bushes, and so on. Planting bushes and flowers can also be a good way

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