Finding the List Price “Tipping Points”

Setting the right list price for a home is a mystery for many sellers. How do you begin to determine what buyers are likely to pay for your property? After all, no two homes are exactly alike.

Yet, setting the right price is crucial. You need to avoid the two price “tipping points” that, if crossed, can cause you a lot of problems.

The first tipping point is a price that’s low enough for buyers to begin thinking something is wrong. They wonder, “Why is your price so low? What are you not telling us about your property?”

But that’s not even the worst problem with this tipping point. If you do get offers at that low price, you’ll have a bigger issue – leaving thousands of dollars on the table.

The other tipping point is setting your price so high it discourages buyers from giving your listing a second look. When your price is that high, you’ll get few inquiries and even fewer people coming to see your property.

Of course, you can lower your price later, if necessary. But experience shows that reduced prices make potential buyers skeptical. Most sellers who price high in the hopes of getting a windfall actually end up selling for much less than they would have if they had priced their properties correctly in the first place.

So what’s the right price to list your property? The answer is somewhere in between those two tipping points.

Call today for help determining the right price for your property.

CUSTOM & SPECTACULAR EXECUTIVE BUNGALOW For Sale in Champlain Garden (Dieppe)

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CUSTOM & SPECTACULAR EXECUTIVE BUNGALOW

•  2,404 sq. ft., 2 bath, 3 bdrm single story – $334,900 CAD.
MLS® #M105988

CUSTOM & SPECTACULAR EXECUTIVE BUNGALOW HAS WALK-OUT BASEMENT + PRIVATE BACKYARD OASIS! This home is in a great neighborhood, near schools, golf course, walking trails and nearby amenities. This home sits on a beautifully manicured lot with mature trees in the back and hedge providing ultimate privacy and outside enjoyment. Extensive stone work enhances its curb appeal and entrance to back of home. Upon entry, you will be impressed with the natural light flooding the home through its many windows. The large open living area features a large entrance with walk-in closet, spacious living room dining and kitchen. The kitchen has upgraded granite counter tops and all appliances remain. You can access the huge balcony directly from the kitchen. Through a pocket door, you have your 3 bedrooms and main bathroom with corner Jacuzzi and shower all accented with glass bloc wall. The lower level has extra large family room with walk-out access to lower level deck and yard. There is also a 3pc bathroom combined with laundry. Currently, there’s an office with sitting room and private entrance + extra storage room. A kitchenette allows for possibility of in-law suite, office and/or home business. Large attached garage and baby barn complete this incredible property. Flooring: gleaming hardwood, ceramic + laminate. Heat: electric, mini- split heat pump. Bigger than it looks; it must be seen to be appreciated! Call your REALTOR® today to view!

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2 Story Semi For Sale ~ 20 Beaujolais, Dieppe

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WELL MAINTAINED SEMI AT UNBEATABLE PRICE

•  1,830 sq. ft., 2 bath, 3 bdrm 2 story “SEMI” – $146,900 CAD.
MLS® #M105842

WELL MAINTAINED SEMI AT AN UNBEATABLE PRICE! This lovely semi is located in the heart of Dieppe in Domaine Vignoble, and close to all amenities. The property has a great curb appeal, landscaped and newly stained decks in the front and back. Inside you will find a spacious living room open to dining area with access to patio and kitchen with all appliances remaining. Also there is a half bath located on the main floor. Upstairs you will find a large master bedroom and 2 other good size bedrooms as well as a 4pc bathroom. The basement offers a large storage area and family room and laundry area. These 2 rooms are 95% complete, just flooring to be added. Heating is baseboard electric. Flooring: hardwood, ceramic and laminate in bedrooms. Call today to view, at this price it will not be on the market for very long!

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Can New Kitchen Appliances Increase the Value of Your Home?

Next to a major kitchen renovation, replacing appliances is the most expensive way to upgrade the space. So if you’re purchasing a new refrigerator, stove or dishwasher in order to make your home more attractive to buyers, you want to make wise purchasing decisions.

The most important consideration is how the appliances will look in the kitchen. Ideally, they should match in color and style. They should also be the right size for the space. The last thing you want is a fridge that’s so large it dominates the room, or a stove that’s a completely different style and looks out-of-place.

Appearance is important, but so are the features. Buyers viewing your home will scrutinize the appliances. They’ll notice if the fridge has a cold water and ice dispenser. They’ll ask if the dishwasher has noise-reduction features. Double ovens and quick-heating burners (which are now available on electric stoves) will also get a buyer’s attention.

Power consumption is also a big issue these days. Increasingly, buyers are interested in the energy efficient features of a home — appliances included. So, as your REALTOR® I would point out appliances with energy-saving features, such as a dishwasher with a slow-run cycle that saves power.

Kitchen appliances may seem minor compared to the overall appeal of your property, but they do make a difference. Purchase wisely!

IMMACULATE CONDITION CONDO APARTMENT For Sale ~ 33 MacAleese, Moncton

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•  850 sq. ft., 1 bath, 2 bdrm single story – $73,900 CAD.
MLS® #M105511

IMMACULATE CONDITION CONDO APARTMENT ON 2ND FLOOR! This great condo is located in a great central location within walking distance to many amenities and short drive to Trans-Canada highway. The 2 bedroom unit is located on the 2nd floor in a secure building. The condo features an open concept kitchen, dining and living room with patio doors accessing your balcony. The balcony is a good size allowing you to comfortably have a bistro table with 2 chairs and some flower pots and plants. There is a very large master bedroom with very spacious walk-in closet and a 2nd good size bedroom also. There is a 4pc bathroom with linen closet. Included in this price are the fridge, stove, and stackable washer and dryer. Flooring is carpet and vinyl in excellent condition. There is also a storage area just a few steps down the hall. Condo fees are $240 per month. At this price, it is very affordable to own your own space. Call today!

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Price dropped on 321-323 High and 227 Dominion

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ATTENTION INVESTORS – FOURPLEX AVAILABLE

– Announcing a price drop on 321-323 High, a 3,300 sq. ft., 4 bath, 6 bdrm fourplex. Now $179,900 CAD. NEW PRICE!
MLS® #M104077

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227 Dominion_3

ATTENTION INVESTORS!! TRIPLEX AVAILABLE!

– Announcing a price drop on 227 Dominion, a 2,902 sq. ft., 3 bath, 7 bdrm triplex. Now $179,900 CAD. NEW PRICE!
MLS® #M104078

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Not-So-Obvious Reasons to Meet with a REALTOR®

When is the best time to meet with a REALTOR® like me? Chances are, you would say, “When I’m thinking of buying or selling a home.” You’d be right, of course!

However, there are many other good reasons to meet with me. Here are just a few:

• You want a professional opinion as to the current value of your property, so you know what it would likely sell for in today’s market.

• You notice a home listed for sale in a desirable neighborhood, and you’re interested in learning more — even if you’re unsure you want to make a move.

• You’re thinking of moving within the next couple of years, and you want to find a REALTOR® like me, that you can get to know and trust.

• You want some recommendations for preparing your home for sale and especially determining what repairs and other work needs to be done.

• You want an honest assessment as to the state of the local market, and the best time for you to buy or sell.

• You have real estate-related questions and you want to talk to an expert who knows the local market well and can provide you with answers.

As you can see, there’s a lot of value you can get from talking to me as your REALTOR®. Call today.

Low-Cost Storage Hacks for Creating More Space

Comedian George Carlin’s most memorable routine was, “A place for my stuff.” In it, he talked about dealing with the increasing quantity of items we accumulate throughout life. George was funny. The problem is not.

Here are some low-cost ideas for quickly creating storage space for your stuff.

• Attach a cloth pouch or thin plastic basket to the inside of cupboard doors. This is a great way to store Tupperware lids, cosmetics, etc.

• Install hooks inside the foyer closet for loose items such as hats and scarfs.

• Use egg cartons to make effective storage inserts in drawers.

• Fashion stores often put purchases in stiff, high-quality boxes. Placed on their sides, these make effective storage compartments. (Especially shoeboxes.)

• Consider using suitcases for out-of-season clothing. In addition to storage, they also provide protection.

• Never throw out an old wine rack. There are numerous ways these can be used for storage. (Example: for tools.) By thinking creatively, you can probably come up with many other simple ideas for creating more storage. The reward is a home that looks neater and more spacious.