Why your goals matter when selling real estate
Many People decide to move for practical reasons. Some may be required to move due to work relocations and others may realize, that their household has changed and they want to downsize or upsize. Personal circumstances play an important role in this decision process as well. In fact, when deciding whether or not to sell your property and finding your next dream home, it's essential to consider your personal goals and those of your family members. Let me explain - If you're an active person, who likes to hike, walk or run, living in an environment that offers trails and routes close by may be on the top of your priority list, but it may be further away from schools and shopping. You ask yourself, what that has to do with the sales process. Well, it's important to find out, why you want to move and if the move will truly help you and your loved ones achieve your goals. So think about your goals, the goals of your family members, your overall life goals and be honest with yourself, if what you have planned will get you and your family closer to them or if it doesn't. If the latter is the case, you may want to go back to the drawing board. Your trusted real estate professional will be able to help you with insights and guidance to get the right outcome.
Charging electric cars (EVs) at home
As sales of electric vehicles (EVs) and hybrid/electric vehicles (HEVs) increase every year, purchasers will demand greater accessibility to charging stations. Of course, the most convenient place to recharge is at home. But not all household electrical services will be able to handle the demand. Homeowners will need to consider the power available in their homes for private charging and what it means for their vehicle. For example, new EV/HEV vehicle purchases might include an adaptor for a standard 120V household current. However, that current won't likely provide enough power to fully charge a car battery overnight. For faster charging, homeowners would need a dedicated 240V circuit, similar to the ones used by a standard electric clothes-dryer. Quicker, more powerful chargers, such as the type found at public recharging stations, are not currently viable for households. If a 240V circuit is accessible, check local building codes and by-laws for acceptable installations. A fully enclosed garage with access to metered power is likely to meet these requirements, but always check first. Remember, even if the purchase of an electric vehicle is not in your immediate plans, a vehicle charger will be an added feature when it's time ot sell your home.
How is market value being calculated?
Imagine you're shopping for a used iPhone 11 with 256 GB, that's in good condition. You visit a resale website and discover that most are selling for approximately $350.-. Would you be willing to pay $450.-? Probably not. The market value is obviously well-established. There would be no reason to pay more. Pricing your home for sale is similar. Your home has a market value and, if you were to list it, buyers would expect to pay close to that amount. If you price it too high, many buyers won't even bother to see it. If you price it too low, you run the risk of not reaching all possible buyers for your home. Many factors come into play when calculation the market value - neighbourhood, street characteristics, special features, upgrades, condition, etc. However, the most important factor is the price of smiliar homes, which have recently sold in your area. Finding out the market value of your home is a smart idea, even in you don't plan on seslling in the near future. It helps you make better decisions should something change and you need or want to sell.
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