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MOVING ON UP REAL ESTATE EXPERTS ANSWER YOUR QUESTIONS Open Houses can be a controversial issue and in my business I discuss the pros and cons of them, as well as allow my sellers to decide whether or not this is a practical part of the marketing plan that works for them. The pros of an open house is that it is an excellent way to determine how the buyers in the market place view the property, the price and understand their perception of the current competition. This requires me, as an agent, to be open to asking the questions and interacting with the people viewing the home. A lot of sellers are adverse to an open house because they feel it will only be neighbors showing up. Your neighbors are some of the best advertisement you will get when you are on the market! They love where they live and are happy to tell people that; people who may be in the market or know someone who is! This can be a super effective way of spreading the word about your home! In order to make the open house successful though, there are a few key factors. Effective advertising will ensure that your open house is promoted on all platforms; online, print and on social media! Ensure your home is free of pet and food smells. Tire kickers are honest and will let everyone in the open house know how they feel about any deficiencies. If you are opposed to an open house please keep in mind it is only one part of a marketing plan. Not everyone is comfortable with having strangers or neighbors through their home and that’s absolutely OK. A marketing plan for any property is made up of several components of which only one is an open house. Speak to your agent. Understand your options and be open to their recommendations. Happy selling! - Marcia Bergen, www.marciabergen.com WHY WOULD SOMEONE USE A MORTGAGE BROKER? Our service is free, we are completely independent and our advice is tailored to meet your needs. With access to a wide range of mortgage lenders and products we always try to ensure we give you the best possible solution. WHAT ARE THE MOST IMPORTANT FACTORS IN EVALUATING A MORTGAGE? It always comes down to the terms and conditions. People have a tendency to focus on rate and don't take into account important factors that will, ultimately, cost them a lot more in the long term. VARIABLE OR FIXED? This is an age-old dilemma. The general rule-of-thumb has been to go Variable if the spread between variable and fixed is 1% or higher. With the spread being so narrow today it is hard to justify accepting any rate fluctuation with variable. - Jerome Trail, www.themortgagetrail.com CLEANLINESS IS THE #1 KEY TO SUCCESS Not just removing the dirt, dust and odor but also creating the "clean look" of your home by placing the furniture the right way. As well, using your art and décor to create a look that gives a good vibe of home and gives the impression of warmth and comfort while inviting one's curiosity. The biggest challenge for many seems to be packing. "To pack or not to pack" is a question that everyone seems to have at some point during the listing process. My recommendations would be: ONLY KEEP THE CLOTHING you are planning to wear for the next two months in your closet and pack up the rest. This allows the prospective buyer to see a tidy organized closet space. MINIMIZE THE FURNITURE AND DÉCOR IN YOUR HOME Having a cabinet or shelves with numerous vacation trophies on display or one too many furniture pieces out may simply be too distracting for anyone viewing your home. I'd definitely recommend to pack up and store away any extras. Example: one sofa, one coffee table, one end table and two armchairs at the most. ORGANIZE AND STORE ITEMS FROM THE GARAGE Do not crowd everything into the garage as it may give a wrong feeling or provide a certain internal set back. Renting a storage unit to store your packed belongings is the best idea. - Karolina Jandera, www.thestagingshop.ca