Wednesday, January 10, 2007

What's Hot, What's Not in Homes for 2007!

Ever wondered what people are looking for in a home when selling your own place? Have you really thought about what you are looking for in your own search?

Here is a summary of what's hot and what's not in homes for 2007.

source: REM Magazine "What's in , what's out with home buyers" January, 2007

WHAT'S HOT

Upscale Garages
From storage systems, heating, and flooring, garages have evolved!

Two Homes Offices
Work, work, work...people are forgetting the commute and saving their marraiges at the same time.

Heated Patios & Walkways
Tired of maintenance and looking to expand their living space al fresco, baby boomers are investing in this feature.

Snoring Rooms
Need we say more? Again, a great way to save your marriage.

Structured Wiring and Wireless
The ultimate goal, no wires...at least we're getting close. From coaxial TV cable to full home networks centres, you'll need an IT guy for the house.

Mixed Finishes
Who says the island has to match the wall cabinets? Designers are playing with textures and tones.

Selling Strategy
Homes that are priced right and good market timing if possible (spring and summer!).

WHAT'S NOT...

Selling Your Home "AS IS"
There is too much competition and too much to lose financially by not making the effort to do even the basic repairs, cleaning and staging.

Small Bedrooms
Developers tried to maximize profits by increasing the room count but if you can't fit a queen size bed in comfortably, it doesn't count anymore.

Hardwood Laminate Floors
No matter how good quality you buy, buyers can spot them a mile away. You may be saving $ when you put them in but you'll lose even more in the value of your home.

Buyer Strategies
Buyers are generally no longer putting in offers over asking price when a home is listed below market value to generate multiple offers.

In Summary...

Your agent should bring in a home staging professional to maximize your home's value and attract buyers for the 2007 market.

A little invested prior to the sale of a properly priced home will result in a quick sale at it's maximum value!!

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