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  • 5 tips for navigating an uncertain market For most of us, real estate transactions are the biggest financial transactions of our lives. So before you embark on the buying and selling process, here are some tips to ...
    Posted Dec 28, 2018, 1:23 PM by Rad Kostka
  • Should I buy first or sell first? For those looking to take that next step in their real estate future, this important question will inevitably come up: “should I buy my new home or sell my existing ...
    Posted Dec 18, 2018, 8:05 AM by Rad Kostka
  • How to budget when buying a home? When you’re looking to buy a home, it’s easy to forget that the purchase price is just one of many costs associated with ownership. These costs can add ...
    Posted Feb 19, 2019, 10:39 AM by Rad Kostka
  • Buying Checklist Buying a home is a big decision – whether it’s your first home or a vacation home. To help you make smart decisions, it’s important to think with your ...
    Posted Nov 20, 2018, 6:26 AM by Rad Kostka
  • Representation Agreements When you are looking to buy or sell a home with a registered real estate representative, your broker or salesperson will ask you to sign a Buyer, or Listing representation ...
    Posted Sep 28, 2019, 2:47 PM by Rad Kostka
  • Selling Checklist Whether you’re moving to accommodate your growing family or looking for a smaller space to be your empty nest, selling your home is a big decision. To help you ...
    Posted Nov 9, 2018, 11:14 AM by Rad Kostka
  • Want to Sell Faster? Optimize Your Home's Best Features Trying to sell your home quickly? Recent data suggests that home prices in many areas continue to move upward. This news doesn’t mean you should sit back and wait ...
    Posted May 26, 2016, 2:18 PM by Rad Kostka
  • What You Should Know To Sell Your Home Fast And For Top Dollar Do Some "Home Shopping" Yourself The best way to learn about your competition and discover what turns buyers off is to check out other open houses. Note floor plans, condition ...
    Posted Apr 12, 2016, 11:12 AM by Rad Kostka
  • The Wrong Pricing Strategy Can Cost You Thousands The Wrong Pricing Strategy Can Cost You Thousands As you’re probably aware, the list price you set for your property has an impact on how quickly it sells — and ...
    Posted May 26, 2016, 1:30 PM by Rad Kostka
  • What Home Inspectors See that You Can’t When you make an offer on a home, it’s a smart idea to have a professional home inspector check it out from top to bottom. This inspection will ensure ...
    Posted Feb 12, 2016, 5:45 AM by Rad Kostka
  • Free Home Evaluation Free Home EvaluationIf you are following the real estate market you have undoubtedly heard terms like: “Free Home Evaluation”, “Comparative Market Analysis” (CMA), “Appraisal” or similar ones. The purpose ...
    Posted Jan 25, 2016, 12:40 PM by Rad Kostka
  • Boost the Value of Your Home ByTeri Cettina Looking for ways to spruce up your home without putting yourself in the poorhouse? Whether you're getting ready to sell your home or want to spiff it ...
    Posted Dec 6, 2015, 6:53 AM by Rad Kostka
  • Buy or Sell First? Buy or Sell First?The toughest decision, when considering a purchase of another home, is deciding whether to buy a new home or to sell your current one first. Ideally ...
    Posted Dec 6, 2015, 6:58 AM by Rad Kostka
  • The “3 Up” Strategy for Selling Your Home Quickly There are many reasons why you may need to sell your home quickly: a sudden job relocation; a change in family situation; or perhaps an opportunity to purchase a new ...
    Posted Dec 6, 2015, 8:09 AM by Rad Kostka
  • Be prepared for Friday end of month closings by Mark WeislederFriday June 29, 2012 was one of the busiest days of the year for most real estate lawyers. Real estate closing days are already stressful occasions for ...
    Posted Dec 6, 2015, 6:51 AM by Rad Kostka
  • How Much Should You Budget for Home Maintenance? How Much Should You Budget for Home Maintenance? If you own a car, you know there’s more to the cost-of-ownership than just finance payments and gas. You ...
    Posted Dec 6, 2015, 7:13 AM by Rad Kostka
  • Headed Out of Town? Protect Your Home Whether you're heading out of town for the weekend or packing up the entire family for an extended vacation, taking the time to make sure your home is protected ...
    Posted Dec 6, 2015, 7:02 AM by Rad Kostka
  • Answers to 15 common questions about Kitchener bylaws
    Posted Jul 22, 2015, 5:02 AM by Rad Kostka
  • How To Set a List Price For Your Home How To Set a List Price For Your HomeNo matter how attractive and polished your house, buyers will be comparing its price with everything else on the market. Your ...
    Posted Dec 6, 2015, 7:55 AM by Rad Kostka
  • 5 Things To Remember About Boundary Rights There is an expression that good fences make good neighbours. One qualification. Only when the fence happens to be on the correct boundary line.  Here are 5 things to remember ...
    Posted Sep 29, 2015, 6:02 PM by Rad Kostka
  • How To Increase The Value Of Your Home? As a seller, you want to get as much as possible for your home. What are the things you can do to increase its value? The best place to start ...
    Posted Dec 6, 2015, 7:48 AM by Rad Kostka
  • Termite Facts and Tips
    Posted Jul 15, 2015, 4:25 PM by Rad Kostka
  • Neighbourhood Search Strategies for Limited Budgets Neighbourhood Search Strategies for Limited BudgetsTo keep your home search focused and efficient, narrow it by identifying neighbourhoods that are right for you. Depending on your own particular needs ...
    Posted Dec 6, 2015, 8:05 AM by Rad Kostka
  • Repairs to Consider Before Selling Your Home Repairs to Consider Before Selling Your HomeTake an objective look at your house to determine what updates and repairs are necessary. Based on your timeline and budget you will ...
    Posted May 5, 2016, 7:24 AM by Rad Kostka
  • Keep Water Away From Your Home's Foundation Water is the number one cause of damage to the homes we live in.Water is good for trees, shrubs and many other plants, but not for your property. Excessive ...
    Posted Dec 6, 2015, 7:56 AM by Rad Kostka
  • Avoid DIY Mistakes Do-it-yourself home improvement can be a great way to add value to your home without having to pay contractors to do the work. But even the simplest of ...
    Posted Jul 11, 2015, 5:19 PM by Rad Kostka
  • Neighbour Disputes Love Thy Neighbour?According to a FindLaw.com survey, 42% of Americans say they’ve been involved in a dispute with their neighbours.While most neighbourly arguments don’t turn ...
    Posted Nov 10, 2018, 12:21 PM by Rad Kostka
Showing posts 1 - 27 of 27. View more »

5 tips for navigating an uncertain market

posted Dec 28, 2018, 1:23 PM by Rad Kostka



For most of us, real estate transactions are the biggest financial transactions of our lives. So before you embark on the buying and selling process, here are some tips to help get you started in an uncertain market.



1. Shop around:

With more than 75,000 real estate representatives in Ontario, how do you pick the one that is right for you? It’s always a good idea to meet with at least a few different real estate representatives before selecting who you will work with. Consider asking friends or family to recommend a broker or salesperson. When you have your shortlist of representatives ready, consider asking these questions to find out which representative is right for you. It’s a great way to determine whether you and your rep will be on the same page.
  • Tell me about your real estate experience.
  • Tell me your general approach to buying or selling and how your approach would best suit my needs.
  • Tell me about the services you would provide and any different options or services that may or may not be included.
  • Tell me about the commission or fees I would pay.
  • Do you have references?
  1. Look them up: Before hiring a salesperson or broker, look them up using the search tool at the top-right corner of RECO’s website. Confirm they are registered and in good standing.

  2. Read and understand everything before you sign:  It can be tempting to speed the process along by signing forms that you haven’t read. After all, nobody really likes reading the fine print. But taking the time to understand what you are signing can avoid a lot of problems later on.  

  3. Know your tolerance for risk:  If you’re buying a home, you may be tempted to submit an offer without any conditions attached so that you can get a leg up on the competition. But are you comfortable taking on that level of risk? Can you afford to fix an issue with the home that an inspection otherwise may have detected? Will you be OK should you lose your deposit if a lender denies you financing? Consider all outcomes before committing to a decision.

  4. Remember, you own the process:  Your representative is a great source of information to offer guidance. But you’re in the driver seat. Don’t make a decision unless you are well informed and comfortable with it.

LOOKING FOR MORE INFORMATION?

For more information on how RECO protects the public interest, please visit www.reco.on.ca or
call 1-800-245-6910.


Should I buy first or sell first?

posted Dec 18, 2018, 8:05 AM by Rad Kostka


For those looking to take that next step in their real estate future, this important question will inevitably come up: “should I buy my new home or sell my existing home first?”

While there is no ‘right’ answer, it’s important to know the potential pros and cons of both options. Speaking with your registered real estate representative before starting the buying or selling process can help you decide which route is better suited to your family’s needs.


Buy first

Buying first can make the house hunting experience more enjoyable. Without a closing date looming on your existing home, you’ll have time to wait until the right home comes up for sale. It can also be less stressful knowing that if your offer is unsuccessful, you can wait for the next opportunity to come up.

The downside to buying first is if you are unable to sell your home fast enough, you will find yourself owning two homes at once. The result could mean paying two mortgages at the same time, not to mention all the other costs of home ownership. Additionally, you may have trouble securing a mortgage for the new home.

As a buyer with an existing home to sell, you can protect yourself by making your offer conditional on the sale of your current home. That means if you’re unable to sell within a specified period of time, you’re

able to back out of the transaction. However, keep in mind that this condition will likely make your offer less attractive to the seller, especially if you’re buying in an area with a hot market.

Sell first

The biggest benefit of selling first, aside from removing the risk of owning two homes at once, is you’ll know how much money the sale brought in, which will help determine how much you can afford to pay for the next place.

As helpful as that is to know, there is pressure with your closing date looming and potentially no home to move into. If you’re not careful, you may end up rushing the buying process and settling for a home that isn’t ideal for you, or paying more than you planned because you feel pressured.

Have a contingency plan

Regardless of which route you choose, it’s a smart idea to have a back-up plan in place in case you are left with two homes, or no home, for a period of time.

If the sale of your home closes first, you might consider a short-term rental or moving in with family or friends. This could be better than settling for a less-than-ideal home because you are rushed.

If the purchase of your new home closes first, you might need something called “bridge financing” to cover the down payment and other closing costs until the sale of your current home closes.

Before making a decision, talk to your registered real estate representative for advice and solutions to help you through the process. They can walk you through various scenarios and set realistic expectations about what may happen so you can come up with a plan that works for you.

LOOKING FOR MORE INFORMATION?

For more information on how RECO protects the public’s interest, please visit www.reco.on.ca or call 1-800-245-6910.


How to budget when buying a home?

posted Nov 25, 2018, 4:29 PM by Rad Kostka   [ updated Feb 19, 2019, 10:39 AM ]


When you’re looking to buy a home, it’s easy to forget that the purchase price is just one of many costs associated with ownership. These costs can add up and take an unexpected chunk out of your budget. So it’s important to understand the full cost of buying a property.


PRE-CLOSING COSTS

Home inspection

Getting a home inspection is a smart decision, because a qualified home inspector can identify underlying problems with a home’s major systems, like heating and electrical. To find a qualified home inspector speak to your real estate representative or check the websites of various home inspector associations.

Appraisal and/or survey

Your lender (e.g., a bank) may require an appraisal or survey of the property you want to buy before they agree to provide financing. This is to double check that the value of the home or property matches its sales price.

CLOSING COSTS

Land transfer tax

In Ontario, a land transfer tax of up to 2 per cent of the purchase price applies. In Toronto, an additional tax applies, also up to 2 per cent. First-time homebuyers are eligible for a refund of the tax. Talk to your real estate representative about your eligibility.

Mortgage insurance

If the down payment on your home is less than 20 per cent of its sales price, you will be required to buy mortgage insurance. Rates depend on how much you are borrowing. For more information, visit www.cmhc-schl.gc.ca.

Legal fees

There are a number of legal documents and contracts involved in the purchase of a home. Your lawyer will do a title search on the home to ensure the seller can actually sell the property and that there are no liens against it. They will also register the deed and mortgage for you. Find an Ontario lawyer by visiting the Law Society of Upper Canada www.lsuc.on.ca.

Title insurance

Title insurance protects you against title fraud, errors in public surveys, encroachment issues with neighbours and more. Speak to your lawyer during the closing period for more details.

Adjustments

Adjustments are costs that the seller pre-paid but which you now owe because you’re the one who’s going to be living in the home (e.g., property taxes, maintenance fees, rental fees for hot water heaters). You will need to refund the seller for these.

Home insurance

You must have insurance on your home before lenders will release the funds for the sale to close.

Harmonized Sales Tax (HST)

Newly-constructed homes are subject to HST of 13 per cent, although buyers may be eligible for rebates from both the Ontario and Federal governments. HST does not apply to resale homes.

Tarion new home warranty program

In Ontario, new homes are covered by a warranty program, administered

by Tarion. The warranty protects new home buyers against various issues that may emerge, including structural defects in the home. It also offers deposit protection to buyers of new homes. Sometimes the Tarion enrollment fee is included in the purchase price and other times it is due at closing. For more information, visit www.tarion.com.

AFTER-CLOSING COSTS

Moving costs

Moving costs vary widely based on how much stuff you have, how far you’ll be moving, and whether you’ll hire a professional mover or rent a truck and move yourself.

Utility and service hook-ups

Some gas, hydro, water and telecommunications companies charge a hook-up fee.

Renovations and repairs

If you want to make major renovations after move-in, it can add significantly to your costs. A home inspection or disclosure from the seller may also identify repairs that are needed.

Appliances, furniture and decorations

Once you’re in your new space, there’s a good chance you’ll want fresh décor to make it your own.

LOOKING FOR MORE INFORMATION?

For more information on how RECO protects the public’s interest, please visit www.reco.on.ca or call 1-800-245-6910.


Buying Checklist

posted Nov 20, 2018, 6:26 AM by Rad Kostka


Buying a home is a big decision – whether it’s your first home or a vacation home. To help you make smart decisions, it’s important to think with your head and not your heart. The Real Estate Council of Ontario (RECO) shares their tips for being home smart when you’re in the market to buy.


Do your homework

Get informed about the buying process before it begins to save time, hassle and money.

Shop around

Don’t be tempted to hire the first real estate representative you meet. Make sure the fit is right, check their references and visit the RECO website (www.reco.on.ca) to confirm their registration.

Get it in writing

If your real estate representative offers you rebates or incentives,
they should provide the details in writing.

Understand what you’re signing

Before you sign a buyer representation agreement, make sure you know what it means, how long it will be in effect and what the different clauses mean. Ask questions and seek independent legal advice if you’d like a second opinion.

Keep budget in mind:

  • Remember to include legal fees, land transfer tax, mortgage insurance and utility hookups in your total cost.
  • Know the costs of a home inspection and home appraisal or survey.
  • Moving costs can vary based on volume, distance and whether you hire a professional mover. Have wiggle room in your budget to cover the cost.

Protect yourself

Make your offer conditional on mortgage financing, a home inspection, the sale of your existing home, and/or other factors that are important to you. These conditions provide you important protection as a buyer.

Check what’s inside the walls

Ask your real estate representative to look into the age and condition of the home’s systems, such as the plumbing and electrical. Find out if proper permits were pulled for any renovations. Consider a home inspection to further examine the home and don’t hesitate to ask questions.

Be specific

Make your offer as detailed as possible. Outline what will be included with the sale (e.g., appliances and light fixtures) and be clear if certain renovations need to be completed, based on the home inspection.

Plan ahead

If you encounter a bidding war, enter with a strategy. Set ground rules in advance about what you want from a home, what you’re willing to spend and what conditions must be met. Once your rules are set, stick to them.

Competing offers

It can be tempting to waive your conditions, such as a home inspection. Think twice before
doing this.

Expect the unexpected

Does your closing date on your new home align with when you need to move out of your existing home? Have a contingency plan in place in case the dates don’t match up.

Above all, working with a registered real estate professional will help you navigate the many steps and decisions involved in the home buying process.

LOOKING FOR MORE INFORMATION?

For more information on how RECO protects the public’s interest, please visit www.reco.on.ca or call 1-800-245-6910.



Representation Agreements

posted Nov 9, 2018, 10:10 AM by Rad Kostka   [ updated Sep 28, 2019, 2:47 PM ]


When you are looking to buy or sell a home with a registered real estate representative, your broker or salesperson will ask you to sign a Buyer, or Listing representation agreement.

A representation agreement is the contract between you and the brokerage that permits them to market your current home, or help you buy a new one. These agreements should be in writing to protect the interest of all parties.

Signing a representation agreement confirms in writing that you are a client of the brokerage and documents the terms, rights and obligations of the brokerage-client relationship. As a client, the brokerage has a special responsibility to follow your instructions, protect your confidential information and promote and protect your best interests.


So what’s in the agreement?

There are three pieces of information that all representation agreements must include:

  1. The date the agreement will take effect and expire.

  2. The commission or fees that will be payable to the brokerage and how they will be paid (for buyers, the commission is typically paid by the seller, but that is not always the case, so be sure you understand your obligations)

  3. The services that will be provided by the brokerage.


Before you sign

Your broker or salesperson wants to provide you with the best service he or she can. To make the most of this relationship, it’s important to be clear about your needs and expectations.

Discuss all of the services that will be provided and understand what won’t be. This is the time to clarify fees and costs related to these services and make sure the written agreement is clear. You should also take time to ask what the broker or salesperson expects from you as part of the agreement.

Representation agreements are legally binding

Remember that you are entering into a legally binding agreement with the brokerage, authorizing them to represent your interests in the purchase or sale of a home. You can expect to receive a copy of the signed agreement at the time of signing.

Don’t sign if you don’t understand it

Take the time to read the agreement thoroughly. Ask questions. Your broker or salesperson can’t provide legal advice, but they are familiar with these agreements and should be able to answer your questions and explain what the clauses mean and what effect they will have. If there is something they can’t address, they can refer you to someone who can. Feel free to seek legal advice at any time.

A Customer Service Agreement

If you’re not comfortable with the terms of the representation agreement, you can enter into a Customer Service Agreement with the brokerage instead. In this scenario, the obligations of the brokerage will be different. While they will still help you buy or sell a home, they won’t have the same level of responsibility to you as they would if you were a client. For example, the salesperson or broker would still show you properties and help you fill out paperwork, but they wouldn’t necessarily provide advice. While the brokerage will have less of a commitment to you, so will you to the brokerage.

Keep in mind, you and the brokerage have to agree on the type of agreement you choose to enter into. Neither of you are required to enter a specific type of contract, but you will have to agree on the approach if you want to work together. As with any contract, take the time to read and understand each clause of the agreement. If you’re unsure about something, ask questions or consider seeking legal advice before signing.

Holdover clause

Listing representation agreements typically include a “holdover clause.” Generally, it means that within a specified number of days after the agreement expires (the “holdover period”) if you sell to a buyer that was introduced to you during the term of the agreement, you would be responsible for paying commission to the brokerage. The length of the holdover period may vary and will form part of the agreement you enter into. As with other terms, it must be agreed to by both you and the brokerage. If you have questions or concerns about how a holdover clause works, consider seeking legal advice.

LOOKING FOR MORE INFORMATION?

For more information on how RECO protects the public’s interest, please visit www.reco.on.ca or call 1-800-245-6910.


Selling Checklist

posted Nov 9, 2018, 9:31 AM by Rad Kostka   [ updated Nov 9, 2018, 11:14 AM ]




Whether you’re moving to accommodate your growing family or looking for a smaller space to be your empty nest, selling your home is a big decision. To help you make smart decisions, it’s important to think with your head and not your heart. The Real Estate Council of Ontario (RECO) shares their tips for being home smart when you’re looking to make the sale.


Shop around

Don’t be tempted to hire the first real estate representative you meet. Make sure the fit is right, check their references and visit the RECO website to confirm their registration.

Understand what you’re signing

Before you sign a listing agreement with the brokerage, ensure you know what it means, how long it will be in effect and what the different clauses mean. Ask questions and seek independent legal advice if you’d like a second opinion.

Show the facts

Include all your home’s details in the listing, from the square footage to recent renovations to items that are and aren’t included (water heater, appliances, drapery, etc).

Plan your open house wisely:


  • Be proactive and speak with your real estate representative before the open house to set ground rules and identify ways to protect yourself and your property.
  • Minimize risk by removing all valuables and securely store anything with your personal information, like credit card statements and receipts.

Know your options

When reviewing offers on your home, the details of the offers will remain confidential between
you and your real estate representative. You may get multiple offers, and your real estate representative is there to help you make the best choice.

Budget accordingly

Remember that there are closing costs associated with selling a home: real estate commissions, legal fees, moving expenses, and more.

Expect the unexpected

Does your closing date on the sale align with when you’ll be moving into your new home?
Have a contingency plan in place in case the dates don’t match up.

Above all, working with a registered real estate representative will help you navigate the many steps and decisions involved in the home buying process.

LOOKING FOR MORE INFORMATION?

For more information on how RECO protects the public’s interest, please visit www.reco.on.ca or call 1-800-245-6910.

Want to Sell Faster? Optimize Your Home's Best Features

posted May 26, 2016, 2:16 PM by Rad Kostka   [ updated May 26, 2016, 2:18 PM ]

Trying to sell your home quickly? Recent data suggests that home prices in many areas continue to move upward. This news doesn’t mean you should sit back and wait! Draw buyers in by focusing on certain focal points that can give your property a selling edge. These four tips can help ensure that your house will sell faster—and at a higher price. 


Don’t worry—there is no need to build a pricey addition or completely gut your existing property. By evaluating your home’s top selling points, you can add modern touches to these features to create a new, fresh feel without doing major renovations. 

Point 1: Glam up your bathroom and kitchen. Nice bathrooms and kitchens are attractive qualities in a house, and you can make yours look luxurious without going overboard. 

If you can’t afford double sinks, a whirlpool tub or a walk-in shower in your bathroom, try making subtle adjustments. Small tweaks, like a new mirror or updated lighting, can have a huge effect on the atmosphere of a room. 

Expand the range of your kitchen by adding a center island with bar stools, updating major appliances and giving a second thought to your countertops. Slab countertops, especially granite, are really popular choices. And as far as appliances go, stainless steel is the real deal. 

Point 2: Opt for wood. Does your home have large, open rooms? Make them appear even larger with the right flooring. Hardwood floors are timeless. Consider ripping up old carpet and refinishing the wood beneath. Hardwood too expensive? There are many synthetic alternatives that are nearly as appealing as hardwood, at a fraction of the cost.
 
Point 3: Organization is key. Do you have a ton of open wall space? Make the most of them with built-ins. Buyers love built-in organizational systems, like entertainment credenzas or bookshelves. Built-ins are relatively easy to have installed, and can give your home a unique edge.
 
Don’t forget about closets! Expanding the closets in bedrooms and bathrooms, or adding a walk-in pantry in the kitchen, can add additional sparkle to your home. 

Point 4: Don’t forget to landscape. Do you have a large yard? Be sure to keep the grass neatly mowed and any gardens well tended. Adding a deck or patio is a great idea, but if your budget won’t allow it, simply place some outdoor furniture around the yard in small clusters, so buyers can imagine themselves spending time outside with family and friends. 

Contact me today for more great selling ideas!  519-778-0737 or email rad@radkostka.com 

What You Should Know To Sell Your Home Fast And For Top Dollar

posted Apr 12, 2016, 11:11 AM by Rad Kostka   [ updated Apr 12, 2016, 11:12 AM ]

Do Some "Home Shopping" Yourself 

The best way to learn about your competition and discover what turns buyers off is to check out other open houses. Note floor plans, condition, appearance, size of lot, location and other features. Particularly note not only the asking prices but what they are actually selling for. Remember, if you're serious about getting your home sold fast; don't price it higher than your neighbour's.


Appearances Do Matter - Make them Count!

It all begins long before you open your property to showings. Appearance is so critical that it would be unwise to ignore this when selling your home. You need to see your property like a prospective buyer. The look and "feel" of your home will generate a greater emotional response than any other factor. Prospective buyers react to what they see, hear, feel, and smell even though you may have priced your home to sell.


Invite the Honest Opinions of Others

The biggest mistake you can make at this point is to rely solely on your own judgment. Don't be shy about seeking the honest opinions of others. You need to be objective about your home's good points as well as bad. Fortunately, your Realtor® will be unabashed about discussing what should be done to make your home more marketable.


Get it Spic n' Span Clean and Fix Everything, Even If It Seems Insignificant

Scrub, scour, tidy up, straighten, get rid of the clutter, declare war on dust, repair squeaks, the light switch that doesn't work, and the tiny crack in the bathroom mirror because these can be deal-killers and you'll never know what turns buyers off. Remember, you're not just competing with other resale homes, but brand-new ones as well.


Allow Prospective Buyers to Visualize Themselves in Your Home

The last thing you want prospective buyers to feel when viewing your home is that they may be intruding into someone's life. Avoid clutter such as too many knick-knacks, etc. Decorate in neutral colors, like white or beige and place a few carefully chosen items to add warmth and character. You can enhance the attractiveness of your home with a well-placed vase of flowers or potpourri in the bathroom. Home-decor magazines are great for tips.


Deal Killer Odours - Must Go!

You may not realize but odd smells like traces of food, pets and smoking odours can kill deals quickly. If prospective buyers know you have a dog, or that you smoke, they'll start being aware of odours and seeing stains that may not even exist. Don't leave any clues.


For free consultation contact Rad at 517-778-0737 rad@radkostka.com


Take charge when buying a home

posted Mar 9, 2016, 3:17 PM by Rad Kostka   [ updated Jan 24, 2019, 12:01 PM ]

Take charge when buying a home

If you approach the home buying process intelligently and with confidence,  you are much more likely to buy a house you'll be proud to call home.

The task of buying a home can be overwhelming; there's so much to consider:
  • How much house can I afford?
  • How can I find the best loan?
  • Where will I come up with a down payment, and how much will I need?
  • Should I buy a new or resale home, and which will go up in value?
  • Should I work with an agent or look at homes on my own?
And these questions are just the beginning. Buying a home is one of the largest financial transactions in your lifetime - do your research so you know what to expect.

Here are the two most important things to remember no matter where you are on the road to home ownership:

You can and should understand everything that is happening in the home buying process. 

There is nothing that is so complex that it can't be easily explained to anyone with average intelligence. Just because you don't apply for a thirty year mortgage once a week doesn't mean you have to take the first one that comes along. You'll need to learn some new terms, apply some new concepts and take the time to understand what you're getting into.

If, at any point, something happens that doesn't make sense to you, simply demand a full and complete explanation. If it still doesn't make sense, seek help from someone you trust like your Realtor, your Accountant or maybe your Lender.

In the world of real estate sales, YOU are the most important person in the entire process.

It's easy to think that everyone else carries more weight than you. The agent talks fast and has an answer for everything. The lender may decline your loan application, and on and on.

But the truth is that you, the buyer, are the one person in the transaction that makes it all happen. If you decide not to buy, the entire process comes to a grinding halt.

So flex your consumer muscle and take command of this process. Surround yourself with a team of professionals that you have confidence in and make them work for you.

Approach home buying with intelligence and confidence. By doing your homework you are more likely to make the right decision and be happy 
with the home you buy.

To request a free consultation call 519-778-0737 or email rad@radkostka.com
http://kitchenerhomeinfo.com/home-evaluation.html

http://kitchenerhomeinfo.com/home-hunter-service.html
Housing Market Snapshot

The Wrong Pricing Strategy Can Cost You Thousands

posted Feb 13, 2016, 12:57 PM by Rad Kostka   [ updated May 26, 2016, 1:30 PM ]

The Wrong Pricing Strategy Can Cost You Thousands
As you’re probably aware, the list price you set for your property has an impact on how quickly it sells — and how much you earn on the sale.

 

What you may not realize is just how significant an impact it has. Consider the following examples.

 

Example 1: You price your property well above its current market value. As a result, many buyers don’t bother to see it because it’s outside of their price range. Those who do see it are confused by the high price tag, (and may even be suspicious.) They may wonder, “What’s going on?”

 

In this scenario, the home will likely languish on the market for weeks or even months. You might even have to lower the price dramatically to re-ignite interest.

 

Example 2: You price your property just a couple of percentage points lower than what is necessary to gain the interest of qualified buyers. That might not seem like much of a problem. How much can a couple of percentage points matter?

 

Those points matter a lot. On a $400,000 property, pricing your home just 2% lower than necessary could cost you $8,000 on the sale. That’s a serious amount of money!

 

So, as you can see, pricing your home right is serious business. 


Fortunately, there is a better way: Call 519-778-0737 or email rad@radkostka.com for a Complimentary Home Evaluation.

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