Prep for a Quick Sale

Experience has shown me that a clean, well-staged property makes a big impact on both the sold price and time on market. It's worth the effort and expense, especially as listing inventory rises and downtown condo Sellers have more competition than ever before.

Your MLS photos must be top notch, as prospective Buyers reviewing the latest listings will simply pass over yours if the photos seem unappealing. A clean and clutter-free space is absolutely essential.

In recognition of this I provide all of my clients the services of a professional cleaner and photographer, at my sole cost. It's one less worry for you, and is one vital step to ensuring plenty of interest in your property.

Tighter Lending Criteria Starting in April

The federal government has introduced new rules that will make mortgage qualifications more stringent for many homebuyers. As of April 19th 2010,

* Homebuyers must meet the qualification criteria for a 5-year fixed-rate mortgage, even if they are pursuing a shorter term or variable rate mortgage. Speak to your mortgage provider on precisely how this will influence your purchasing power.

* Require a minimum 20% down payment for any CMHC-insured non-owner occupied property "purchased for speculation"

* Lower the maximum permissable refinance ratio to 90% of home value, down from 95%

The primary goal of these measures is to help protect homeowners against an upswing in mortgage rates, expected to come as early as this Summer.