When is the best time to sell? Typically, more people decide to start looking in the springtime, but also more people are selling as well, so there is more competition. It also depends on the property; beachfront properties definitely show much better in warmer weather.
How to get ready to buy Go to your bank or mortgage broker and get pre-approved. This gives you an idea of what you can afford. Ask your Realtor to help you find the advisor that is best for your situation. Get to know the market. Can you expect there to be multiple offers or a bidding war on the homes you're interested in purchasing? Find a compatible agent that fits your values. It's very important to work with a professional Realtor when you're looking to purchase. They know the neighbourhoods and especially the properties currently on the market or about to become available. Start visiting open houses. Once you've chosen the neighbourhood, property style, etc. visit open houses and see what may be available. Ask your agent to explain the buy process/contract. Ask questions about how the process will work so you won't be blindsided by information like closing costs or deposits. Get more specific on what you must have in a home and what you would like, and know the difference. Make a list of "must-haves" and share this with your Realtor. It will help narrow down the search process. How to get ready to sell • Find an agent who understands your needs and values.
• Declutter the entire property. Include closets, drawers, basements, sheds and garages. Pre-pack some belongings to show the extent of your home's storage potential. • Deep clean the entire home now that you've decluttered. Ensure bathrooms and kitchens are sparkling, and go through the house to check for peeling paint, dirty walls and light fixtures. Don't forget to check behind and under appliances. It's obvious that at this time, the Island is in a "sellers'" market, which happens when there's a shortage in housing being offered for sale or more potential buyers than the homes available. With the right advice and a Realtor working for your best interests, buying or selling a property will be an exciting and productive experience. Thamara has represented hundreds of buyers and sellers on transactions in the greater Charlottetown area and believes in putting relationships first. She offers complimentary consultations for prospective sellers and buyers to understand their specific wants and needs and to guide them to the right people, even if that isn’t her. Although she brings a broad range of expertise and experience, Thamara advocates that nobody is a specialist in everything. She is well known and trusted by her clients for bringing in outside expertise when required, or making a referral to a trusted colleague to ensure that clients get the best advice possible.
But ultimately, the best time to sell is when the market is still hot.
When is the best time to buy? In the springtime, typically buyers have more options, since most vendors choose the springtime to sell.
In the wintertime there is less of a selection, but less competition.
How to choose a Realtor • Personality: Meet with the Realtor and ensure your personalities work well together. • Educated in the market: Does this Realtor know the characteristics of the neighbourhood(s) you would like to live in? Are they familiar with the amenities, etc. that are important to you and your family? • Professional experience: Does this Realtor have the professional experience that matches well with your requirements? Can they troubleshoot any issues that come up? For instance, property variances or negotiating offers. • Positive: Your Realtor should have a positive attitude; it makes the entire process more enjoyable for everyone. • Ready to serve: Is the Realtor available to serve your particular needs and requirements? Do they offer a personal service that means they are available when you need them?
• Find an agent who can help you maximize the value of your home.
• Depersonalize your home by removing personal photos, collections or personal items that simply distract the potential buyer.
Thamara Paparoni — Provincial Realty 18 Great George Street, Charlottetown 902.316.1623 thamara.paparoni@provincialrealty.ca www.thamarapaparoni.com
FALL 2021/WINTER 2022 www.pei-living.ca
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