Lethbridge Real Estate and Mortgage Info

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Lethbridge Real Estate - The weather is warm, the market is Hot!

Lethbridge Real Estate

The Lethbridge real estate market has remained surpisingly robust through the global economic turmoil.  There were a few months where things slowed down and the Lethbridge real estate market appeared to be taking a turn for the worse, but then as soon as the weather would warm up the Lethbridge real estate market would get buzzing again.

 

Currently, Lethbridge is enjoying some nice warm spring weather and that has the local real estate market going at full speed once again.  If you are thinking of selling real estate that you own, or are looking to purchase Lethbridge real estate for either your own residence or for real estate investment purposes, there are lots of great opportunities.

 

The Lethbridge real estate market remains strong for those who have the help of an experienced and skilled Lethbridge Realtor working for them.  There are bargains to be had and there are still great financing terms available from a Lethbridge mortgage broker.

 

We are bound to get a bit more cold weather before spring is officially here, but in the meantime, lets make the most of this great real estate market that we are experiencing and lets make some money.  Give me a call if you want to talk about the Lethbridge real estate market, real estate investments, or any aspects of real estate financing.

 

Here are a few of my favorite past articles from my Lethbridge real estate and mortgage blog you might have missed or wish to recommend them to a friend.

Lethbridge Real Estate Bargains - YES, there are still good deals to be had in Lethbridge
Lethbridge Basement Suites - Advice for every landlord
Lethbridge Condos - Condo living is great for student but also for seniors!
WANTED: Lethbridge Single Women: - Single women are huge in Lethbridge
Common Financial Problems - Avoid these financial mistakes
Get Your Credit Score UP - Invaluable insight into your credit score for Lethbridge residents
Lethbridge Manufactured Homes - Some great deals on manufactured homes in Lethbridge
What is wrong with MLS - Is your info being abused?  Does it happen in Lethbridge?
Lethbridge Rental Property - Thinking about buying or selling rental property?

 

 

 

lethbridge realtor

Robert May is a Realtor, as well as the broker and owner of Rainbow Realty of Lethbridge Alberta . He is also a licensed Lethbridge mortgage broker and financing expert with Canada First Mortgage of Calgary Alberta. He has been in the Lethbridge real estate industry since 1993 and offers full Lethbridge MLS real estate services to Lethbridge and surrounding area, as well as Lethbridge mortgage financing, mortgage refinancing , preapprovals, and Lethbridge loans financing to Lethbridge and Southern Alberta. He can be found online at this link: mortgage broker Lethbridge





Let me share my 16+ years experience in the local Lethbridge real estate and financing market with you! It is the first step towards making a profitable real estate decision.

lethbridge mlsapply for a mortgage

 

Happy New Years Lethbridge

Happy New Years to all my friends, family, and followers here on activerain, facebook, twitter, etc.  If this message travels correctly it will appear on all of those sites at once.

 

2010 will bring some challenges to the local Lethbridge real estate market and also for Lethbridge mortgage financing.  The last 6 months of 2009 demonstrated that things are not moving fast and also that mortgage lenders are being more and more particular and difficult.

 

While lowest interest rates in recent history are still available, the documentation and requirements that the banks are asking for has seemingly increased.  The goal of course is to eliminate any higher risk loans, but it is affecting almost all applicants in some way or another.

 

The inventory of homes for sale in Lethbridge still has a few price ranges and areas that are a bit flooded, but for the most part, there are not many decent quality or well priced family homes anywhere on the Lethbridge MLS system.  There are still bargains that pop up on the market, but they sell within a day or two.  A buyer really needs to be preapred to jump on them when they appear.  The key to doing so is to have your cash and financing in line before you go shopping for a home.  Call me and we can discuss how to do this and what the advantages of it are.

 

 

Have a great 2010, I look forward to continuing my entirely online marketing efforts and leading the industry in new innovation and use of technology.

 

Here are a few of my favorite past articles from my Lethbridge real estate and mortgage blog you might have missed or wish to recommend them to a friend.

Lethbridge Real Estate Bargains - YES, there are still good deals to be had in Lethbridge
Lethbridge Basement Suites - Advice for every landlord
Lethbridge Condos - Condo living is great for student but also for seniors!
WANTED: Lethbridge Single Women: - Single women are huge in Lethbridge
Common Financial Problems - Avoid these financial mistakes
Get Your Credit Score UP - Invaluable insight into your credit score for Lethbridge residents
Lethbridge Manufactured Homes - Some great deals on manufactured homes in Lethbridge
What is wrong with MLS - Is your info being abused?  Does it happen in Lethbridge?
Lethbridge Rental Property - Thinking about buying or selling rental property?

 

 

 

lethbridge realtor

Robert May is a Realtor, as well as the broker and owner of Rainbow Realty of Lethbridge Alberta . He is also a licensed Lethbridge mortgage broker and financing expert with Canada First Mortgage of Calgary Alberta. He has been in the Lethbridge real estate industry since 1993 and offers full Lethbridge MLS real estate services to Lethbridge and surrounding area, as well as Lethbridge mortgage financing, mortgage refinancing , preapprovals, and Lethbridge loans financing to Lethbridge and Southern Alberta. He can be found online at this link: mortgage broker Lethbridge





Let me share my 16+ years experience in the local Lethbridge real estate and financing market with you! It is the first step towards making a profitable real estate decision.

lethbridge mlsapply for a mortgage

 

South Lethbridge Real Estate

South Lethbridge Real Estate

 

South Lethbridge Real Estate

 

 

Are you looking for information on real estate in South Lethbridge?  This includes the areas of London Road, Lakeview, Fairmont, Coulee Creek, Tudor Estates, Park Royal, Fairview Subdivision, etc.  These are just some of the great areas available in South Lethbridge for you to shop for your next home or real estate investment.

 

A great place to start your house search is at my Lethbridge real estate online website.  While this blog is full of great information on mortgages, the market, prices, industry trends, things to watch out for, etc, my other website is great for searching the local Lethbridge MLS system for Lethbridge real estate listings without any pressure or obligation.

 

Go to my MLS Lethbridge real estate search site at:  LethbridgeRealEstateOnline.com

Search for properties at your own pace and in the privacy of your own home.

Give me a call and lets discuss the ones that interest you.

 

403-330-3039

 

Here are a few of my favorite past articles from my Lethbridge real estate and mortgage blog you might have missed or wish to recommend them to a friend.

Lethbridge Real Estate Bargains - YES, there are still good deals to be had in Lethbridge
Lethbridge Basement Suites - Advice for every landlord
Lethbridge Condos - Condo living is great for student but also for seniors!
WANTED: Lethbridge Single Women: - Single women are huge in Lethbridge
Common Financial Problems - Avoid these financial mistakes
Get Your Credit Score UP - Invaluable insight into your credit score for Lethbridge residents
Lethbridge Manufactured Homes - Some great deals on manufactured homes in Lethbridge
What is wrong with MLS - Is your info being abused?  Does it happen in Lethbridge?
Lethbridge Rental Property - Thinking about buying or selling rental property?

 

 

 

lethbridge realtor

Robert May is a Realtor, as well as the broker and owner of Rainbow Realty of Lethbridge Alberta . He is also a licensed Lethbridge mortgage broker and financing expert with Canada First Mortgage of Calgary Alberta. He has been in the Lethbridge real estate industry since 1993 and offers full Lethbridge MLS real estate services to Lethbridge and surrounding area, as well as Lethbridge mortgage financing, mortgage refinancing , preapprovals, and Lethbridge loans financing to Lethbridge and Southern Alberta. He can be found online at this link: mortgage broker Lethbridge





Let me share my 16+ years experience in the local Lethbridge real estate and financing market with you! It is the first step towards making a profitable real estate decision.

lethbridge mlsapply for a mortgage

 

Lethbridge Basement Suites

lethbridge mortgage broker lethbridge real estate

 

For many years, illegal and non-conforming basement suites have been the bane of many real estate transactions and mortgage applications.  The City of Lethbridge has tried to deal with the situation several times in the past few decades, at one time allowing suites that were in existence before 1969 to remain in their non-conforming condition and making exceptions onf suites which were constructed after 1969.

 

As 2008 drew to a close, a new fire code amendment required all existing basement suites to be improved to meet a minimum safety level including smoke and fire detectors, proper egress windows on all bedrooms, free access to exits from the suite, and containing all HVAC systems behind moderately fire retardant walls.

To the bestof my knowledge, most landlords made no effort to comply.

A recent house fire in Calgary this past week is certain to bring this issue to the front page of the newspaper and encourage more discussion in the community and City Council chambers.

 

Now, a new grant program eliminates all excuses for a landlord to fail to improve the conditions of their properties and comply with the fire code.  Here is a recent article which details the grants.

 


City to offer incentives for secondary rental suite safety upgrades

Written by Gerald Gauthier   
Wednesday, 28 January 2009
 
The City of Lethbridge will soon be offering cash incentives to encourage landlords to upgrade pre-existing secondary rental suites to comply with updated safety codes.
Grants of up to $2,500 could be available by spring to reimburse homeowners for improvements they make to suites in existence before 2007 within singe-family homes. The goal is to ensure such suites are safe for tenants and meet provincial fire and building codes.
A total of $260,000 has been set aside for the grant program, and an application process is still in the works, said Ald. Tom Wickersham.
In December, a new bylaw was enacted that makes compliant pre-existing suites a permitted use in residential areas where they previously required special permits from the city. The measures are part of a larger effort to address a critical shortage of affordable housing in Lethbridge.
Chief Fire Marshal Ken Knox said he hopes property owners with pre-existing secondary suites will see the benefits of complying with the new regulations and contact the fire prevention office to arrange for assessments of their rental units.
“If people have secondary suites and they don’t call us, they’re (effectively) saying they don’t want to get them to a level of life safety,” he said.
Safety inspections can be requested by property owners, tenants or owners’ agents such as property managers, realtors or lawyers.
A fire prevention officer will conduct a 16-point inspection, Knox said, but the focus will be on three critical elements: smoke alarms, unobstructed escape routes and bedroom windows at least 38 centimetres in width and height to serve as emergency exits. Heating and ventilation systems will also be checked. Once upgrades have been completed as required, the city will issue a permit making the suite legal.
In 2006, the province announced owners of pre-existing suites had until December 2008 to bring their properties into compliance with the new Alberta Fire Code.
The intent of the new fire code, he said, is to make it easier for owners to affordably achieve an equivalent safety level in pre-existing suites rather than insisting on strict conformance to the updated 2006 Alberta Building Code.
New suites in existing residential areas are still subject to an inspection and approval process, however, and must fully comply with building and fire codes.
Property owners who want to apply for the local grant once it becomes available are advised to keep receipts for materials and labour pertaining to suite improvements. To arrange a safety inspection, call 403-320-3811 or email: fireprevention@lethbridge.ca. This e-mail address is being protected from spam bots, you need JavaScript enabled to view it More information is available at the city’s website www.lethbridge.ab.ca.

 

Here are a few of my favorite past articles from my Lethbridge real estate and mortgage blog you might have missed or wish to recommend them to a friend.

Lethbridge Real Estate Bargains - YES, there are still good deals to be had in Lethbridge
Lethbridge Basement Suites - Advice for every landlord
Lethbridge Condos - Condo living is great for student but also for seniors!
WANTED: Lethbridge Single Women: - Single women are huge in Lethbridge
Common Financial Problems - Avoid these financial mistakes
Get Your Credit Score UP - Invaluable insight into your credit score for Lethbridge residents
Lethbridge Manufactured Homes - Some great deals on manufactured homes in Lethbridge
What is wrong with MLS - Is your info being abused?  Does it happen in Lethbridge?
Lethbridge Rental Property - Thinking about buying or selling rental property?

 

 

 

lethbridge realtor

Robert May is a Realtor, as well as the broker and owner of Rainbow Realty of Lethbridge Alberta . He is also a licensed Lethbridge mortgage broker and financing expert with Canada First Mortgage of Calgary Alberta. He has been in the Lethbridge real estate industry since 1993 and offers full Lethbridge MLS real estate services to Lethbridge and surrounding area, as well as Lethbridge mortgage financing, mortgage refinancing , preapprovals, and Lethbridge loans financing to Lethbridge and Southern Alberta. He can be found online at this link: mortgage broker Lethbridge





Let me share my 16+ years experience in the local Lethbridge real estate and financing market with you! It is the first step towards making a profitable real estate decision.

lethbridge mlsapply for a mortgage

 

Lethbridge Real Estate Online

Lethbridge Real Estate Online

lethbridge real estate online

In addition to this blog, I have a couple of other specific destination websites.  Each serves a unique purpose for me and my clients.  The newest website that I own and operate is www.lethbridgerealestateonline.com   This website is build on the point2 homes framework and is designed as a place for me to post and syndicate listings and for my customers to easily search through the Lethbridge MLS system for available listings.

If you are at the early stages of shopping for lethbridge real estate and do not want to be pressured or bothered by a 'salesman' it is a great place for you to begin.  Of course, you will want to come back to this blog for all the great advice and tips, but you can contact me directly through either site when it comes time to tackle the serious questions and to get down to business.


My other websites remain in place and I continue to do what I can to take my business entirely online and keep at the leadership edge of new technology and results.  You can connect with me via facebook, twitter, linkedin, activerain, my blog, my website, and even the good old telephone!   Let's talk real estate.

 

Here are a few of my favorite past articles from my Lethbridge real estate and mortgage blog you might have missed or wish to recommend them to a friend.

Lethbridge Real Estate Bargains - YES, there are still good deals to be had in Lethbridge
Lethbridge Basement Suites - Advice for every landlord
Lethbridge Condos - Condo living is great for student but also for seniors!
WANTED: Lethbridge Single Women: - Single women are huge in Lethbridge
Common Financial Problems - Avoid these financial mistakes
Get Your Credit Score UP - Invaluable insight into your credit score for Lethbridge residents
Lethbridge Manufactured Homes - Some great deals on manufactured homes in Lethbridge
What is wrong with MLS - Is your info being abused?  Does it happen in Lethbridge?
Lethbridge Rental Property - Thinking about buying or selling rental property?

 

 

 

lethbridge realtor

Robert May is a Realtor, as well as the broker and owner of Rainbow Realty of Lethbridge Alberta . He is also a licensed Lethbridge mortgage broker and financing expert with Canada First Mortgage of Calgary Alberta. He has been in the Lethbridge real estate industry since 1993 and offers full Lethbridge MLS real estate services to Lethbridge and surrounding area, as well as Lethbridge mortgage financing, mortgage refinancing , preapprovals, and Lethbridge loans financing to Lethbridge and Southern Alberta. He can be found online at this link: mortgage broker Lethbridge





Let me share my 16+ years experience in the local Lethbridge real estate and financing market with you! It is the first step towards making a profitable real estate decision.

lethbridge mlsapply for a mortgage

 

Lethbridge Character Homes in London Road

Lethbridge Character Homes in London Road

 

The City of Lethbridge is a fairly young city and as a result has very few 'old' pieces of real estate.  Our oldest homes in Lethbridge are about 100 years old, having been build in the early 1900's.  These old homes were build with style and character and are now highly sought after for this reason.  In Lethbridge character homes are primarily found just south of our downtown in an area called 'London Road'.  

 

Lethbridge London Road Real Estate

 

 

Lethbridge London Road Real Estate is fairly desirable.  While there are still a few rough gems in the lots to be found and restored, many of the old homes have been restored to their former glory.

 

Check out this great big Lethbridge character home.

 

 

 

 

 

Lethbridge London Road Real Estate

 

 

 

Of course when searching for a character home in the Lethbridge real estate market, there are several things to be aware of.  Obviously location is a prime concern, but so is the history of the home, the upgrades, zoning, permits, and mechanical upgrades.  These big homes often hide many secrets, and it is best to uncover them long before purchasing.

 

 

 

 

 

If you are interested in purchasing or selling a unique property in Lethbridge, feel free to give me a call.  I am always excited to work with these great old properties and to help get them into the hands of new owners who as excited about their unique attributes as I am.  I love Lethbridge character homes and would enjoy working with anyone else who feels the same way.

 

Here are a few of my favorite past articles from my Lethbridge real estate and mortgage blog you might have missed or wish to recommend them to a friend.

Lethbridge Real Estate Bargains - YES, there are still good deals to be had in Lethbridge
Lethbridge Basement Suites - Advice for every landlord
Lethbridge Condos - Condo living is great for student but also for seniors!
WANTED: Lethbridge Single Women: - Single women are huge in Lethbridge
Common Financial Problems - Avoid these financial mistakes
Get Your Credit Score UP - Invaluable insight into your credit score for Lethbridge residents
Lethbridge Manufactured Homes - Some great deals on manufactured homes in Lethbridge
What is wrong with MLS - Is your info being abused?  Does it happen in Lethbridge?
Lethbridge Rental Property - Thinking about buying or selling rental property?

 

 

 

lethbridge realtor

Robert May is a Realtor, as well as the broker and owner of Rainbow Realty of Lethbridge Alberta . He is also a licensed Lethbridge mortgage broker and financing expert with Canada First Mortgage of Calgary Alberta. He has been in the Lethbridge real estate industry since 1993 and offers full Lethbridge MLS real estate services to Lethbridge and surrounding area, as well as Lethbridge mortgage financing, mortgage refinancing , preapprovals, and Lethbridge loans financing to Lethbridge and Southern Alberta. He can be found online at this link: mortgage broker Lethbridge





Let me share my 16+ years experience in the local Lethbridge real estate and financing market with you! It is the first step towards making a profitable real estate decision.

lethbridge mlsapply for a mortgage

 

Lethbridge Real Estate Online


Lethbridge Real Estate Online

lethbridge real estate online

In addition to this blog, I have a couple of other specific destination websites.  Each serves a unique purpose for me and my clients.  The newest website that I own and operate is www.lethbridgerealestateonline.com   This website is build on the point2 homes framework and is designed as a place for me to post and syndicate listings and for my customers to easily search through the Lethbridge MLS system for available listings.

If you are at the early stages of shopping for lethbridge real estate and do not want to be pressured or bothered by a 'salesman' it is a great place for you to begin.  Of course, you will want to come back to this blog for all the great advice and tips, but you can contact me directly through either site when it comes time to tackle the serious questions and to get down to business.


My other websites remain in place and I continue to do what I can to take my business entirely online and keep at the leadership edge of new technology and results.  You can connect with me via facebook, twitter, linkedin, activerain, my blog, my website, and even the good old telephone!   Let's talk real estate.

 

Here are a few of my favorite past articles from my Lethbridge real estate and mortgage blog you might have missed or wish to recommend them to a friend.

Lethbridge Real Estate Bargains - YES, there are still good deals to be had in Lethbridge
Lethbridge Basement Suites - Advice for every landlord
Lethbridge Condos - Condo living is great for student but also for seniors!
WANTED: Lethbridge Single Women: - Single women are huge in Lethbridge
Common Financial Problems - Avoid these financial mistakes
Get Your Credit Score UP - Invaluable insight into your credit score for Lethbridge residents
Lethbridge Manufactured Homes - Some great deals on manufactured homes in Lethbridge
What is wrong with MLS - Is your info being abused?  Does it happen in Lethbridge?
Lethbridge Rental Property - Thinking about buying or selling rental property?

 

 

 

lethbridge realtor

Robert May is a Realtor, as well as the broker and owner of Rainbow Realty of Lethbridge Alberta . He is also a licensed Lethbridge mortgage broker and financing expert with Canada First Mortgage of Calgary Alberta. He has been in the Lethbridge real estate industry since 1993 and offers full Lethbridge MLS real estate services to Lethbridge and surrounding area, as well as Lethbridge mortgage financing, mortgage refinancing , preapprovals, and Lethbridge loans financing to Lethbridge and Southern Alberta. He can be found online at this link: mortgage broker Lethbridge





Let me share my 16+ years experience in the local Lethbridge real estate and financing market with you! It is the first step towards making a profitable real estate decision.

lethbridge mlsapply for a mortgage

 

Fraudulant Appraisals Contributed to The Housing Bubble

I just finished reading an interesting real estate article regarding the role that certified appraisals may have intentionally or unintentionally played in the creation of the now burst housing bubble in the US.  Here in Canada our real estate market did not suffer from the same situation.  In my Lethbridge real estate marketplace, we are even more insulated and have felt even less of the negative impact of the global economic troubles.

 

So here is the article, I am not sure that I am quick to believe the stats thrown out in the article, and you can check it out directly for yourself at the 'foreclosurefish.com' website.

 

Discovering Fraudulent Appraisals During Foreclosure
 by: Nick Adama

Without question, one of the enablers in many fraudulent mortgage lending schemes has been a crooked appraiser willing to give a property any value that the Realtor, mortgage broker, or lender wanted. The real estate bubble could not have been inflated to such a high level without the complicity of many appraisers who threw all conservatism out the window and began giving properties ridiculous values in order to help secure loans.

Now, with the housing market collapsing all around us, these appraisers have had to go back to valuing homes at more reasonable levels. However, this leaves many homeowners out in the cold, having received inflated appraisals just a few years ago and now finding out their homes were never worth that amount. What recourse, though, do these borrowers have, especially when they fall into foreclosure ?

The degree of appraisal inflation and fraud has been found to be astronomical in too many cases already. Homeowners have discovered that their home's value was inflated by up to 1,000% of its non-bubble price. The typical mortgage insured by the Federal Housing Administration (FHA) is inflated by 30-50% in order to raise prices of property on first-time home buyers and low income borrowers.

So clearly, there is a problem with a large number of appraisals, but homeowners may have trouble holding the individual appraiser or his company liable for the inflated value. However, there are a number of different claims that can be brought against an appraiser that blatantly misrepresented the actual fair market value of a home, especially if the borrowers relied on that appraisal in their decision to buy or refinance.

 

The most obvious claim borrowers may be able to bring against an appraiser is fraud due to the misrepresentation of the home's value. While valuing a home is sometimes just as much art as science, obviously using inappropriate comparable sales or making unreasonable adjustments to justify a higher value can be a clear case of fraud.

The only problem with this claim that homeowners may find is that the conditions may be hard to meet. For example, the borrowers will need to show all nine elements are present for a fraud claim to be made. Unfortunately, this may be easier said than done, and homeowners may want to contact an attorney to discuss the potential of a fraud case in more depth. These nine elements are the following:

1. representation of an existing fact.
2. the fact is material.
3. the representation of the fact is false.
4. the speaker knows it is false.
5. the speaker intends the listener acts on the knowledge.
6. the listener is ignorant of the falsity.
7. the listener relies on the truth of the fact.
8. the listener has a right to rely on it.
9. damages are suffered by the listener.

Far more promising as a claim against appraisers is state Unfair and Deceptive Acts and Practices (UDAP) statutes. This claim is also somewhat easier to make. The reliance on the misrepresentation does not have to be show, and some of the other conditions are also loosened. Homeowners should contact a lawyer or do some research on their state's UDAP laws, however, to find out all of the relevant information.

There are also a number of other claims that can be made against an appraiser, either in or out of foreclosure. Depending on the circumstances of the case, some of these include violations of state licensing laws, civil conspiracy, fraudulent concealment, and civil RICO claims. Again, it may be in the homeowners' best interests to speak with legal counsel or research these issues in depth before making a claim.

Far too many homeowners were given the most expensive mortgages they qualified for and their home values were inflated to justify the large loans. Appraisers played a role in these transactions, and many of the most corrupt may have engaged in acts that carry significant legal liability. Especially in cases where a lender pushes homeowners into foreclosure, doing some research on these issues and holding the appraiser accountable may be called for.

 

Here are a few of my favorite past articles from my Lethbridge real estate and mortgage blog you might have missed or wish to recommend them to a friend.

Lethbridge Real Estate Bargains - YES, there are still good deals to be had in Lethbridge
Lethbridge Basement Suites - Advice for every landlord
Lethbridge Condos - Condo living is great for student but also for seniors!
WANTED: Lethbridge Single Women: - Single women are huge in Lethbridge
Common Financial Problems - Avoid these financial mistakes
Get Your Credit Score UP - Invaluable insight into your credit score for Lethbridge residents
Lethbridge Manufactured Homes - Some great deals on manufactured homes in Lethbridge
What is wrong with MLS - Is your info being abused?  Does it happen in Lethbridge?
Lethbridge Rental Property - Thinking about buying or selling rental property?

 

 

 

lethbridge realtor

Robert May is a Realtor, as well as the broker and owner of Rainbow Realty of Lethbridge Alberta . He is also a licensed Lethbridge mortgage broker and financing expert with Canada First Mortgage of Calgary Alberta. He has been in the Lethbridge real estate industry since 1993 and offers full Lethbridge MLS real estate services to Lethbridge and surrounding area, as well as Lethbridge mortgage financing, mortgage refinancing , preapprovals, and Lethbridge loans financing to Lethbridge and Southern Alberta. He can be found online at this link: mortgage broker Lethbridge





Let me share my 16+ years experience in the local Lethbridge real estate and financing market with you! It is the first step towards making a profitable real estate decision.

lethbridge mlsapply for a mortgage

 

Staging Your Home To Sell May Be More Important Than Ever

 

The following article was forwarded to me from one of my sources of Real Estate news and tips.  I thought I would share it here with my readers since lists of tips are always a hit.  If you own Lethbridge real estate, and you are thinking of selling or currently trying to sell, staging may be the answer to a quicker sale and more money in your pocket.  I actually have a couple Lethbridge home stagers at my disposal for any Lethbridge real estate readers who need some professional help.  Feel free to contact me directly at any of my many links.

Home Staging: 50 Tips - Get Started on Your Home Staging Journey
By: Teri B. Clark
"Home staging" was coined by Barb Schwarz back in the early '70s, and the concept has become well known as "house fluffing," "dressing to sell," and "home presentation" to name a few, but the concept has not taken hold among home owners when selling a home because many people do not understand the idea or cannot create a workable plan for staging their home correctly.

The focus of staging is to make a home more marketable by creating the most appealing home to the greatest number of prospective buyers. It should be impersonal enough not to infringe on a buyer's own sense of style.

Decorating is optional. Staging, on the other hand, is essential - that is if you want to sell your house for the most possible money in the shortest amount of time. Staging - it is the difference between ordinary and extraordinary.

Since home staging is truly an essential part of selling your home, I wanted to share these 50 Tips To Get You Started on Your Home Staging Journey.

1.    Be sure that your home is staged before you or your realtor takes the photos for the web. Over 70% of all new apartment/home searches are started on the Internet. It is imperative that the property looks good in the photos so that it can attract as many people as possible to see the real thing.

2.    You should not have one person look at your house until it has been staged completely. It should not go through the broker walkthrough, MLS, open houses, or anything. Stage first!

3.    Kate Hart of Hart & Associates Staging and Design LLC knows that home staging works for all properties regardless of the price point because home staging is about preparing your home for a faster and more profitable sale and marketing your property to the most potential buyers for its target audience. "I have staged homes ranging from $100,000 to $10 million and have had the same result- the homes sell faster and for top dollar compared with the competitors within their price range."

4.    If you have dark cabinets, a light colored handle or something in shiny gold will enhance them. If you have light cabinets, you can give them the sleek look by using handles of the same color so that they are hardly noticeable or by using brushed silver handles. With light wood, you can also use darker handles, gold, bronze, or even colors.

5.    Sometimes renovations are needed. However, here are five that you should avoid:

- Adding high end appliances to a modest home
- Adding hand painted tiles to the bath or kitchen
- Adding a central vacuum
- Adding air conditioning (unless you are in an area that all homes have it)
- Replacing windows with newer models

6.    Be sure to check with your city or county building inspector before beginning a new project. Many departments require permits, even for things as simple as changing a dishwasher.

7.    Everything in its place is a good motto to remember. Always find appropriate places to store your items. Litter boxes in the kitchen and trashcans in the pantry are just two examples of inappropriate placement.

8.    Julie Dana of The Home Stylist has the following tip: Do not have any cleaning products visible. You want the buyer to think that the house cleans itself. You do not want to remind buyers that there will be work to do in this house, so put away laundry baskets and dish drainers as well!

9.    Lisa Wonsey of Space/Lift explains that selling an empty home can be a huge mistake. Buying or renting furniture is especially vital in an empty home. Empty homes do not show well and can sit on the market for months until a buyer with a good visual imagination comes along, or until the seller drops the price so low that the home is a steal.

10.    Your refrigerator will need to be cleaned, even if you are not leaving it. People will still look inside and a dirty refrigerator will turn them off. If you are taking it with you, you may as well clean it now. If you are leaving it, then it is imperative to have it sparkling.

11.    Ruthanne Hatfield of Art of Interior Placement emphasizes that taking away items is needed, but adding back is essential, too: Each room should be embellished with accessories artwork, mirrors, accent tables, silk trees and florals, as well as dishes, bedding, and towels so all areas look inviting.

12.    Check for unusual odors in your house. It may come from a pet or even from your upholstery.

13.    Cleaning is rarely fun for anyone, but it does not have to be a terrible chore. Play some fun, lively music. Before you know it, your adrenaline will start pumping and you will be dancing your way through the house.

14.    To clean those irritating stains in the bathtub, make a paste by using hydrogen peroxide and cream of tartar. Use an old toothbrush to rub the mixture into the stain and rinse thoroughly.

15.    To clean the microwave, fill a paper cup with water and a few tablespoons of baking soda. Nuke it for about 30 seconds, or until you see the contents explode. Then just take a paper towel and wipe it all off. The explosion spreads the cleanser over the entire area, and you can even use the moistened rag or paper towel to wipe outside the microwave and its surrounding area.

16.    Mary Larsen of Larsen-Trochlil Designs offers the following professional tip: Do not offer money towards painting or installing new carpeting. Remember, if you are not willing to do it, your buyer is not likely to either.

17.    Take a look around you. Do you have items in your home that are unused and have no real sentimental value? If so, get rid of them! These types of items can often be found in closets, cupboards, basements, and garages. Sometimes they are on bookshelves or even in your everyday living space. The more you are able to move out the more the next buyer will want to "move in."

18.    If you do not have a plan for what to do with the stuff you no longer need, it will get put in the basement or the attic or the garage or simply stay in a pile in the room where it began. If this happens, then you really did not get rid of clutter - you just moved it to another location. When you are clearing the clutter for home staging purposes, you will have many different piles. Some things may go to a thrift store such as the Salvation Army, some things may go to the dump, some things may go into storage, and some things may be set aside for a garage or yard sale. Knowing what you are going to do with the extra clutter is essential to really decluttering your home.

19.    Sylvia Beez of m.a.p. interiors inc. reminds us that: A home for sale should always be presented in its best light and immaculate condition, which is not the reality of everyday life. Potential buyers do not want to see how you live, with your children, cats and dogs, and mess. They want to see themselves in a perfect house under perfect conditions and that is how a home on the market should always be presented.

20.    If your kitchen cabinets, pantries, and drawers - even your refrigerator - look jammed packed, it sends a negative message to the buyer. This message is that there is not enough room in your kitchen. If they were looking for plentiful storage space, after opening your crowded cupboards, they will believe that they will not find it in your kitchen. The best way to change this negative first impression is to have as much "empty space" as possible.

21.    Marlene Feldman of Marlene Feldman Associates has the following suggestion for small dining rooms: If the dining room has an oversized china cabinet, consider removing it. Or, if has a top and bottom, remove the top. This will open up the space considerably

22.    Take a look at your bathroom. If you are like most people, you will find half-used shampoo bottles, a jumble of hair accessories, a curling iron, foam curlers, several cans of shaving cream, tub toys, lotions, medication, books and magazines, oils, candles, toilet paper, and on and on and on. The amount of stuff we store in our bathrooms is far greater than the storage capacity for these small rooms, especially, if like many bathrooms, you have just a medicine cabinet and a very small vanity. The "stuff" that is not in use needs to be boxed up and moved out.

23.    Katie Joanow of Star Staging explains that: You should remove extra chairs from the tables. Unless you have a massive space, you will not need more than 4 chairs around a table. Also remove extra leaves from the table. This will make the room feel larger.

24.    Buyers want to see your carpet or your hardwood floor or your linoleum. Most home stagers suggest removing all area rugs, unless you have a large area of hardwood, where one rug is acceptable. Area rugs make spaces seem more crowded. Without them, your floor plan opens up.

25.    Closets are great for accumulating clutter, though you may not think of it as clutter. Perhaps the clutter is wrapping paper, or Christmas items, or an old sewing machine. Maybe you have some keepsakes, or photo albums. Then of course there are the extra clothes and shoes. None of these things are likely to be in the throw away pile, but they should not be in your closet if you want to reduce the look of clutter.

26.    Gail Greer of All Rooms Great and Small gives this tip about painting your home: You need to be willing to change paint colors. There are certain universally accepted colors and these should be used when repainting your home. Yellow or shades of gold are warm and inviting. You should also accent with yellow. Your eye absorbs more yellow and therefore sees it first. Green or blue in the bedrooms are great colors because they are restful.

27.    Stand a few feet away from the entrance to the bedroom. What do you see? Whatever you see is the first thing that a buyer will see. Is it pretty? Is it bulky? Does it make the room feel small? Move anything from the doorway that is not inviting.

28.    A spare room should be viewed as a bonus. It is a "plus" feature of your home, but only if the buyers can view it as such. For example, if your spare room is used mostly as an office, then, during the selling process,you need to make it just that - an office! Get rid of the spare bed and the extra dressers full of last season's clothes. Get rid of the boxes of storage items in the closet. Keep the essentials of your office such as a desk, filing cabinet, bookshelf, and a nice chair in the corner with a small table and lamp.

29.    Holly Weatherwax of Momentum Realty explains that whenever possible, she recommends leaving the garage free from storage. If people see that the seller does not have enough storage and has to use the garage, they will begin to wonder if the same thing will happen if they buy the house. People like to think that they might actually be able to use a garage!

30.    Find out what organizations in your area pick up items. Such organizations often include Goodwill, The Salvation Army, veteran's associations, and other local organizations. Another good way to get rid of items you no longer need is to use Freecycle. Here, you can list items you no longer need and then choose someone from a list of takers to have them. The best part is the person wanting the items comes to your home on your timetable to get them. You can find a freecycle group in your area by going to www.freecycle.org.

31.    Get everything off the counters. Everything. Remove all appliances from the countertops. Even the toaster. Doing so will make you kitchen look larger and more spacious. It will also keep the buyer's eye from stopping on a particular item rather than getting a full view of the room. Put the toaster in a cabinet and take it out when you use it. Find a place where you can store everything in cabinets and drawers.

32.    Charlie Ann Taylor of C.A.T.'S ROOMER has a lot to say about these focal points in your home: The kitchen and baths need to be model perfect because the kitchen and baths sell the home.

33.    Have you taken away so much that your home no longer has any sparkle? Although YOUR personality needs to be removed, the personality of the house still needs to come through.

34.    One of the most important factors to consider when placing items into a room is the idea of transition. As your eye moves around the room, you do not want it jumping from place to place or piece to piece. The movement of the eye should flow - not bounce. To accomplish this, you want to avoid abrupt changes in height.

35.    Gail Jackson of Weichert Realtors explains that home staging does not need to be expensive: Paint is very inexpensive and gives you a big bang for your buck. Although a bit labor-intensive, painting is not expensive and gives your home a new, fresh, clean look.

36.    Give each room a touch of the unexpected. This can be done with artwork placed in an unusual way, using a piece of furniture in a way that you normally would not use it, or adding a dash of color where the eye least expects to find it. Be creative.

37.    Follow the "like-with-like" rule of the thumb. Tall with tall, small with small, wide with wide, and narrow with narrow will guide you throughout the decorating process. Mimic the shape of each space you are decorating. For example, a sofa should be accessorized with horizontal art so you are complementing wide with wide.

38.    Marcia Smart's (Smart Interior Styling) tip is to: Recognize that your major competition comes from newer homes. People will take a newer home over an older home if all else is equal. That is why it is essential to give an older home something that puts it above the rest.

39.    My favorite decorating tip is to look outside the box. You do not always need to use an item for its intended purpose. For example, do not just use a tablecloth for a table; make it a slipcover for your ottoman. It can save you lots of money and time when you purchase a tablecloth at a local chain verses buying yards of fabric and by purchasing the correct size it can become a no-sew project. Always keep your eyes open for new uses for everyday items.

40.    Select a focal point for your room and subtly orient other furnishings and some lighting toward it. If there is a fireplace, it will nearly always be the focal point; other focal points might be bookcases or built-in shelving to house lovely collectibles, or a sofa with a striking painting on the wall above it.

41.    Donna Reynolds of Home Rearrangements explains that there are two times that you can angle furniture: In a square room and if a room already has an angle in it, like a corner fireplace or a bay window.

42.    In a bedroom, unless you have no other choice, you want to see the foot of the bed when you walk in. You do not want a bed to cross the doorway because it blocks the flow and makes the room look smaller. It is better to see the foot so that you can see the pretty pillows.

43.    One of the easiest ways to create color is to add beautiful accent pillows to any room. Introducing a complementary accent color in a room can make a room "pop" and come alive. Accent pillows not only add color but texture and warmth as well. By adding throw pillows in a coordinating or contrast fabric to a couch chair, bench, or bed, you can transform your room and add instant warmth inexpensively!

44.    One way to see if your home has curb appeal is to walk across the street and have a good look at your house. where did your eyes go? They should be drawn to the front door and entryway. If they are not, then you need to do something about it.

45.    Kimberly Cash of ASPM Tidewater Home Staging Consultants, Inc. offers the following advice: People do not see their house as a product that you have to market and sell. However, selling your home is like packaging. People look at the outside before deciding to come in. Then they look at the inside before deciding to buy, and it is mostly based on looks. It is packaging. You need to wrap up your product, your home, like a beautiful package.

46.    Once you have gotten the front yard in shape, it is time to work on the backyard. The most important areas of the backyard are the patios, decks, and porches. Getting these areas up to date will give the buyers a feeling that they are getting bonus space.

47.    New window treatments can make a world of difference. They can add value and style to your home and be something the buyers view as a bonus - something they will not have to buy or replace when they move in. The caution, however, is that you keep the treatments neutral (keep your personality out of the room) and that you make sure they do not block the amount of light that comes into a room.

48.    Debra Blackmon of Blackmon Design offers the following suggestion for your windows:  Many homes have the louvers of the blinds turned down to face the floor. A more enhancing way to use blinds is to turn the louvers up to reflect much-needed ambient light onto the ceiling.

49.    Sometimes, refreshing a room can be as easy as changing a light bulb. Bulbs like GE Reveal filter out yellow rays common in ordinary light bulbs, making colors, fabric, walls, and artwork appear richer, crisper, and more vivid.

50.    Add pampering accessories! Things like bath bubbles, fluffy towels, and candles not only add the pampering feeling you are trying to achieve, they offer visual comfort with color and texture as well. Psychologically, we all crave that long soak with a good book, and even if we are only in the bathroom for 10 minutes to whip on some make up, just seeing those items displayed promises wonderful baths to come!

As you know, your home becomes a house - a product for sale. Staging your property gives you a more competitive edge in today's market by transforming it into a marketable product. A staged property helps you sell your investment for top dollar and is the first line of defense over lowering the price. Do not settle for less at the closing table simply because you did not understand the value of staging or did not want to take the time or spend the money to do it properly.

In this world of busy buyers, a property has to be staged to appeal to the their imagination. They want to be able to look at your home and know that they can live there. They want to know that their furniture will fit. They want to know that everything is in "move in" condition. That is why staging is so important. It allows buyers to imagine themselves living in your home with their stuff, not yours.

Presentation is everything and staging is presentation! The result is improved functionality and complementary space. Following the techniques in this book will maximize your equity while reducing the market time for your home.


Author Bio
Teri B Clark is a professional writer and published author. Her most recent book, 301 Simple Things You Can Do To Sell Your Home NOW and For More Money Than You Thought, explains these tips in more detail and offers many, many others. To learn more about Teri's latest book, visit http://staging-your-home.blogspot.com

Article Source: http://www.ArticleGeek.com - Free Website Content

 

Here are a few of my favorite past articles from my Lethbridge real estate and mortgage blog you might have missed or wish to recommend them to a friend.

Lethbridge Real Estate Bargains - YES, there are still good deals to be had in Lethbridge
Lethbridge Basement Suites - Advice for every landlord
Lethbridge Condos - Condo living is great for student but also for seniors!
WANTED: Lethbridge Single Women: - Single women are huge in Lethbridge
Common Financial Problems - Avoid these financial mistakes
Get Your Credit Score UP - Invaluable insight into your credit score for Lethbridge residents
Lethbridge Manufactured Homes - Some great deals on manufactured homes in Lethbridge
What is wrong with MLS - Is your info being abused?  Does it happen in Lethbridge?
Lethbridge Rental Property - Thinking about buying or selling rental property?

 

 

 

lethbridge realtor

Robert May is a Realtor, as well as the broker and owner of Rainbow Realty of Lethbridge Alberta . He is also a licensed Lethbridge mortgage broker and financing expert with Canada First Mortgage of Calgary Alberta. He has been in the Lethbridge real estate industry since 1993 and offers full Lethbridge MLS real estate services to Lethbridge and surrounding area, as well as Lethbridge mortgage financing, mortgage refinancing , preapprovals, and Lethbridge loans financing to Lethbridge and Southern Alberta. He can be found online at this link: mortgage broker Lethbridge





Let me share my 16+ years experience in the local Lethbridge real estate and financing market with you! It is the first step towards making a profitable real estate decision.

lethbridge mlsapply for a mortgage

 

Lethbridge Real Estate Update for November

Lethbridge Real Estate

The month of November was fairly good for the Lethbridge real estate market as the number of sales for the month was up 48% from year ago levels.

The number of sales that took place in November was 158, compared to 107 in 2008. This makes 49 more sales in November 2009, than November 2008, with main reason being that the economy had been rooted in the recession by then.

The total sales dollar volume for November 2009 was $38,035,170, while in November 2008 the total sales dollar volume was $25,047,605; this shows an increase of 52% from the previous year.

It only goes to show that with the recession over, buyers are more confident in making larger purchases, which includes housing.

The total year to date sales dollar volume for 2009 is $553,721,350, while for 2008 the total year to date sales dollar volume is $611,911,834.

With the slow start we saw at the beginning of the year, it has hindered sales reaching year ago levels.

The year is on track to end with a slight decline compared to year ago levels, as it stands it suggests to be around 5% – 8%. The reason for this is that it is the holidays, and not many people will be willing to make larger purchases at the end of the year.

 

For information on Lethbridge real estate, feel free to contact me.

 

Here are a few of my favorite past articles from my Lethbridge real estate and mortgage blog you might have missed or wish to recommend them to a friend.

Lethbridge Real Estate Bargains - YES, there are still good deals to be had in Lethbridge
Lethbridge Basement Suites - Advice for every landlord
Lethbridge Condos - Condo living is great for student but also for seniors!
WANTED: Lethbridge Single Women: - Single women are huge in Lethbridge
Common Financial Problems - Avoid these financial mistakes
Get Your Credit Score UP - Invaluable insight into your credit score for Lethbridge residents
Lethbridge Manufactured Homes - Some great deals on manufactured homes in Lethbridge
What is wrong with MLS - Is your info being abused?  Does it happen in Lethbridge?
Lethbridge Rental Property - Thinking about buying or selling rental property?

 

 

 

lethbridge realtor

Robert May is a Realtor, as well as the broker and owner of Rainbow Realty of Lethbridge Alberta . He is also a licensed Lethbridge mortgage broker and financing expert with Canada First Mortgage of Calgary Alberta. He has been in the Lethbridge real estate industry since 1993 and offers full Lethbridge MLS real estate services to Lethbridge and surrounding area, as well as Lethbridge mortgage financing, mortgage refinancing , preapprovals, and Lethbridge loans financing to Lethbridge and Southern Alberta. He can be found online at this link: mortgage broker Lethbridge





Let me share my 16+ years experience in the local Lethbridge real estate and financing market with you! It is the first step towards making a profitable real estate decision.

lethbridge mlsapply for a mortgage