This video, as part of the GTA Home & Family Services library, will hightlight the importance of staging your home in preparation for selling. I am proud to provide this service at no charge for my clients. Staged homes sell more quickly and for more money than non-staged home. Enjoy the video!
hello and welcome to episode 3 of GTA home and Family Services tonight we have on our panel Satish from Balachandran law office and we have gosh from the oh my gosh real estate home of royal lepage welcome gentlemen hi Joe I do so we'll start with gosh where we have some interesting discussion points to do specifically with the importance of staging your home hi everyone thank you Joe for having here today I wanted to talk to you guys about the importance of home staging especially in a market like today where it has it is it has slowed down a bit it's more towards a balanced market home staging has again become a very important part of the real estate transaction the whole reason being most of the buyers these days they do all their search online and once once they get excited online that's the only time you decide if they want to come and check out this house so as a Realtor we always recommend to our sellers that they gotta have that the house has to be presented very well and we do that by home staging sometimes it could be as simple as decluttering twos sometimes adding a few accessories and sometimes you have to do the full Home Staging bring in furniture and accessories everything one of the one of the stats shows that as a house which is staged will sell faster and for more money than the ones that are not so the best part of working with myself oh my gosh calm is that I have already incorporated staging as a part of the businesses services so if you do hire me that will come in and it's going to be no extra cost to you so do give me a call if you're thinking about selling your homes it's six four seven four oh four nine four seven one thank you and now my colleague over here Satish is gonna talk about a new and real estate law related talk thank you very much thank you gosh thank you Joe so I last on last on the last episode talk to you about a family family issues and in this episode I would like to talk to you about a real estate issue real estate law issue and it's a case that you probably saw in the Toronto Star earlier this month and it's about a the plaintiffs the sellers who had listened the house for two million dollars for sale in northern GTA in the spring of 2017 they had defendants the prospective buyers made an offer for two million and fifty thousand dollars a day later perhaps fearing a bidding war they upped their offer to two million two hundred fifty thousand dollars and it was accepted by the plaintiffs the sellers within a few weeks the prospective buyers realized that they couldn't sell their home the price that they had wanted to sell as a result of the slowdown in the market last year in the spring and that they couldn't qualify for a mortgage they advised the the sellers the plaintiffs here that they were not going to close the deal and plaintiffs we listed the house and basically sued [Music] the buyers for two million for the damage for damages it is interesting to note that in this case there was no agreement of purchase and sale was not contingent on arranging for final energy financing and the sale of the new as a result of the case the plaintiffs was successful naturally they were successful and they had sold their house and they had to reduce their price they've relisted their home in may reduce the occurrence find anybody surprised by two hundred thousand to two million ten to 1 million eight hundred thousand and finally found a buyer at 1 billion seven hundred thousand and eighty seven hundred eighty thousand dollars they got a summary judgment for four hundred and seventeen thousand dollars the lesson in this case always have a lawyer review your agreement of purchase and sale the judge made a comment that essentially purchasers would be well advised to consider making their offers to purchase contingent on financing and for the sale of the existing home if they have not so I'll be happy to review your agreement of purchase and sales before you finance before you cook clothes and sign the agreement thank you very much this is Satish from Satish thousand hi Joe if I might add so this has a very important point that he mentioned and a lot of the times especially when it is a bidding war situation we as Realtors and we kind of make this mistake of pushing the client into getting the house without proper without covering them properly and that's why what he's saying it's especially in a transaction of this size or even in in a regular purchase and sale it's always important to have the opinion of a lawyer so when you work closely with a lawyer that's one of the benefits that you're gonna get so definitely that's a very good point you mentioned so definitely give us a call that if you guys have any questions and we will be here to help you thank you both for your insight what I love about these episodes is that you know we learn things that we wouldn't even know about so really appreciate your time thank you very much thanks until next time [Music] you