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The Benefits of Decluttering/ Depersonalizing Your Home Before Selling

Preparing your home for sale involves more than just putting a sign on the lawn. To get the best price and terms you need to attract potential buyers and make a positive impression. It is essential to declutter and depersonalize your living space. These steps can transform your home into a blank canvas, allowing prospective buyers to envision themselves living in the space. In this blog post, we will examine the benefits of decluttering and depersonalizing your home before selling and how it will enhance your chances of a successful sale.

 First impressions matter:

  • When potential buyers walk into your home, they should be able to visualize their own belongings and lifestyle within the space. Decluttering and depersonalizing help create a clean, neutral environment that allows buyers to imagine themselves living there. Removing excess items and personal mementos allows the focus to shift to the features and potential of the home itself, making a positive and lasting first impression.
Makes the home feel larger:
  • A cluttered home can make rooms appear smaller and cramped, which can be a turn-off for buyers. By decluttering, you create an illusion of more space, making your home feel larger and more inviting. Removing unnecessary furniture, personal items, and knick-knacks helps buyers better understand the functionality and potential of each room. They can envision their own furniture layout and imagine how they would utilize the space to suit their needs.
Facilitates Easy Staging:
  • With a decluttered and depersonalized home, the staging process becomes much easier.  Arranging furniture and decor can be done much easier to highlight the home's best features and appeal to a broader range of buyers. 
Streamlines the Moving Process:
  • Decluttering before selling your home serves multiple purposes, including making the moving process smoother. As you go through your belongings, you can sort them into categories: keep, donate, sell, or discard. This proactive approach helps you downsize and declutter before moving to your new home, saving you time, effort, and potentially reducing moving costs. Additionally, it allows potential buyers to see the full potential of the available space, making your home more desirable.

Conclusion:

Decluttering and depersonalizing your home before selling is a wise investment of time and effort. By creating a clean, neutral, and inviting environment, you enhance your home's appeal to potential buyers. It allows them to envision themselves living in the space and increases the likelihood of a successful sale. Remember, a decluttered home not only benefits the selling process but also makes the moving process more streamlined and efficient. So roll up your sleeves, embrace the benefits of decluttering and depersonalizing, and prepare to make a great impression on prospective buyers.

Tips to help you get started:

- Start by getting some packing boxes ready

- Take it one room at a time

- Sort things into 3 categories. 1. Donate or toss 2. Pack for the move 3. Daily items you need on hand

- Don't forget cupboards, pantry, drawers and closets. Buyers will open drawers and look in closets, so you want to make sure they are neatly organized and not jammed full of stuff. The rule of thumb for closets is to leave 50% empty. This will give the appearance of space and look organized.

Decluttering a home is a daunting task, but don't get discouraged. The more you put in the more you will get back in the price you get and time you save in the end. There are companies that specialize in helping people with as well, so don't worry if you are under a time crunch or can't do it yourself. If you are thinking of selling please reach out. As part of our free no obligation home consultation, we let you know what areas you should focus your attention on and how best to get started.

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What's Happening in The Durham Region

It's still a Seller's Market, albeit cooling. 

With just over 2 months of inventory, it remains a seller's market.  Inventory increased in June and sales faltered down 15.8% in Durham from the prior month while pricing remained stable.

The Bank of Canada's June interest rate hike and the lack of inventory meeting buyer needs to this point have driven some buyers to the sidelines. 

Every city/town is unique as are the communities within them. Scroll through to find your town.

1920x965-June 2023 Market Statsby Brian Stanton
 

What's the Takeaway?

With inventory increasing and fewer buyers in the market the way a home is prepared, priced, and marketed is more important than in the last quarter. Inventory may have increased but it is still very low. Sellers who are prepared to attract buyers with the right listing strategy will come out on top.

Buyers who are qualified and prepared can take advantage of the slowing sales volume and increased inventory. Connect with experts like us to determine what your options are and how best to approach this market.

Could the market cool off?

Yes, in June we have already seen significant increases in new listings while sales have declined. While pricing has remained stable increasing interest rates impact affordability for buyers and that could continue to cool the market.  

The next big announcement from the Bank of Canada is set to take place in Septmeber, 2023. Follow us to see what happens with interest rates and how that will affect the real estate market. *** July 12th  Bank of Canada has raised its benchmark rate to 5%. This puts prime rate at 7.20%.***

As always follow us and reach out with any questions you have on this ever-evolving real estate market.

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