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Is it time to sell you University of British Columbia real estate? If you are looking forward to putting your home on the market this upcoming year, having a home appraisal is a great way to secure a larger profit from your investment. There are many things that you can learn during a home investment that you might not have previously noticed, which can help you to bring up your property value last minute. 

You can also use your appraisal during negotiations and keep the upper hand while selling. Those who do not have a home inspection completed prior to selling often take much longer to sell their property compared to those who do complete the process. They are also much less likely to get an offer that maximizes their return. Here are some of the many benefits of having a home appraisal on your UBC real estate before putting it on the market.  

 

Pricing

Many buyers make the mistake of playing the guessing game and just throwing out an asking price when they go to place their home on the market. A price that is too high will deter potential buyers. They will think that you are not serious about selling your home or that you are trying to pass off a scam. 

If your home is priced too low, buyers might wonder what the catch is and search for disastrous problems. You want to price your home with a value that is both competitive with other homes for sale in the area and confident. The amount should reflect the true value of the property. Do not make an assumption of what this number is; have a home appraisal so that you can know exactly what your UBC real estate is worth. 

 

Deciding When to Sell 

Your home appraisal might reveal some problems that bring down your property value. If you would like to maximize your profits, taking the time to fix these issues might be beneficial. This could push back your ideal time to place your home on the market and change your plans. In the end, completing upgrades or making repairs that the professional inspector deemed as negatives will make it easier to sell your home for a larger amount. 

 

Negotiations

Having a home appraisal prior to placing it on the market will give you the upper hand during negotiations. You will know exactly what your home is worth, and so will potential buyers. This might deter them from placing a low bid as their initial offer. If there is a low bid or terms that you do not agree with, having your home appraisal will give you the ability to point out the exact strengths and weaknesses of the property to potential buyers. Both your buyers and you can go into the negotiation process with confidence in the integrity of the home. 

 

Having a home appraisal completed before placing your home on the market is one of the best choices that you can make as a homeowner. For more information, visit our sellers page or contact a representative with UBC Homes today.    

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If you are looking to sell your great piece of UBC real estate in the future, you may already be considering upgrades that can raise your property value. In today’s market, the greener the house, the better — and that does not mean the color. Buyers love good, energy efficient homes that support the environment rather than tear it down. 

Going green has many perks, from a lower utility bill to an overall healthier lifestyle. Energy efficient homes are very popular among potential buyers, many of whom are looking for those great upgrades. Market trends do not lie, buyers are willing to pay for green real estate. To help your home to reach the standard level of efficiency, here are some updates that will improve your property value. 

 

1. New Refrigerator

Experts suggest that homeowners replace their refrigerators every 10 years or less. These appliances are arguably the most used in the entire home. They are subjected to a lot of moisture, which can cause mold and mildew to build up in places that you might miss. Food particles and debris often fall into cracks and crevices. 

The most important reason, besides sanitary, to replace your refrigerator is that old ones tend to use a lot of energy. The refrigerator is constantly running, though it requires more and more energy each year to keep cool. Your potential buyers will love a home that features a new, energy efficient refrigerator. 

 

2. Replace the Dishwasher

Another appliance in your home that might need to be replaced in order for you to go green is the dishwasher. New dishwashers only use a small amount of water, smaller than what is used when a person washes their dishes by hand. An older dishwasher does not measure up to this standard.

Old appliances use more electricity than new ones, but old dishwashers also use more water. Some owners become very frustrated with their dishwashers, claiming that they are not cleaning properly. Put the very best in your home and invest in a great dishwasher. You will earn your money back if you make these changes. 

 

3. Low-Cost Lighting

Many real estate professionals highly suggest using light while staging your home for the market. While this has been shown to be very effective and a rather cheap way to draw potential buyers, it is important that homeowners purchase energy efficient bulbs to use in their fixtures. A lot of buyers are very concerned with how efficient your home is, and it is these people who will notice and appreciate this simple, green touch. Pair the great lighting with energy efficient appliances and your beautiful green home is sure to sell quickly. 

 

Investing in green upgrades and renovations can bring your home to the next level and draw a lot of offers once you decide to place it on the market. Buyers love even the simplest green switches, such as a new dishwasher. For more information on selling, visit our seller’s page or contact Sam Huang with UBC Real Estate today.      

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