Selling a home can be one of life's most challenging experiences. The more prepared you are at the outset, the less overwhelming the selling process will be.

From selecting a real estate professional to finding out what steps you can take to ensure a quick sale, the following CENTURY 21® tips will help take the anxiety out of selling a home.

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Wouldn't You Like to have your house sold by a professional?
Professional agents bring a certain expertise that is indispensable in the complex process of buying and selling real estate. Real estate agents deal with the buying and selling of houses and Real Estate every day, and a REALTOR® knows the local marketplace better than anyone in the area. The number of different strategies and techniques that a REALTOR® will utilize to sell your home is staggering. All of these avenues bring more prospects quicker, allowing you to receive the most for your property. How to attract the most buyers in the least amount of time is the concern of many sellers. Realtors are experts at doing just that.

If you are debating the use of a professional real estate agent, consider the following:
These are all things that need to be thought through before attempting to sell your property. Selling real estate can be a long and arduous process for the beginner. Real Estate professionals are involved with the buying and selling of houses on a daily basis, and are knowledgeable about the most effective ways to market real estate. The object of selling a house is to reach all potential buyers. By using the networks available through a REALTOR®, you can achieve this. A recent study shows that the vast majority of properties are sold through real estate professionals. By attempting to sell your property without a Real Estate sales professional, you are putting yourself at risk of missing out on some of the marketing and networking advantages that a REALTOR® can offer.

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1. Distress Selling: At times, selling quickly is unavoidable. That’s when knowing the right techniques to sell your home without looking desperate and making yourself a target for low bidders really pays off. Know all there is to know about the market before listing and work hand in hand with the right real estate professional. Ensure that you are not settling for the first offer through the door.

2. Best Home in the Neighborhood: Your home is one of your most personal possessions. Don’t be blind to flaws and needed cosmetic improvements. This will cause overhauling of the home, hurting its chances to be sold. Getting in touch with the right real estate agent gives you a well informed third eye that will help you price your home at a fair market price.

3. Limited Home Viewing: Buyers want to view a home on their own time schedule. Unfortunately their time schedule does not always coincide with your time schedule. Leave a lockbox or key with your agent so your home can be shown when you are not around. You never know if the one who got away was your buyer.

4. Restrain Emotional Decisions: Don’t allow a few bucks to let the deal fall through. That money will mean very little to you in the long run. Take a look at the big picture and react rationally. Use sound business judgment! .

5. Make Cosmetic Improvements: Prospects make up their minds within the first twenty minutes. First impressions can make all the difference in selling your home. Spending smartly few Dollars on new carpet might add another twenty thousand dollars to the price of your home. Get an objective point of view from your real estate professional. They can provide you with a list of items that will maximize the profit of your home sale.

6. Disclose Property Flaws: Property disclosure laws require sellers to list any flaws required by your province. If you are unaware of flaws or attempt to cover them up, you risk losing the sale and finding yourself in court. Get professional assistance from your agent who can introduce you to qualified inspectors and ensure the smooth sale of your home.

7. For Sale by Owner: Most homeowners who decide to sell their own home do so because they believe they can save the commission paid to the real estate agent. Everything has a price and selling a home carries a high one. The enormous amount of time and effort required to sell a home often surprises the "For Sale by Owner." Furthermore, many costly mistakes can be avoided with the right guidance.

8. Refusing to Trust Your Agent: Would you tell a physician that you’ve decided to run your own tests and come to your own diagnosis? By choosing the right Realtor, you can relax and trust their judgment. The right agent is a valuable team member who will protect your best interests and make your sale as profitable as possible.

9. Know Your Market: Most homes that do not sell in their first period are priced too high. Conversely, most homes that sell quickly are priced too low and cheat the homeowner out of profits. You need to understand the market and evaluate the value of your home based on fact, not gut instinct or conventional wisdom. A professional agent knows the market, just as you know the market for your business.

10. Choosing a Realtor Based on Personal Relationships: Home sellers often pick a friend or family member as their agent. Choose an agent with a strong track record and aggressive Marketing Plan. A top producer knows the market well and can generate many buyers. Selling your home is one of the most important decisions you’ll ever make! Base it on good, sound business sense and the rewards will add up.

Before you make one of your most important decisions regarding your home sale shouldn’t you become as informed as possible? By aligning yourself with a top agent you ensure that all the important issues and seemingly insignificant but....very important....details are handled professionally. Your home sale should not be a grueling ordeal. The more informed you are the better chance you have of making a sound business decision. Please contact me and you will have no surprise.!!!!

How to Sell Your Home at the Highest Possible Price?

Making a mistake in selling a home can cost you Tens or Thousands of Dollars in lost profit. Often home sellers make the same mistakes over and over. Avoiding these mistakes is easy and takes little time and effort on your part. Take the time with your home sale and follow the guidelines in this report.
How to Sell your Home at the highest possible Price?
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DIVORCE: What you need to know?
Capital Gain Tax? 
What is your home Worth ?
How to Sell your Home @ the highest possible price ?
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DIVORCE: What you Need to Know About Your House, Your Mortgage and Taxes

How to Avoid Costly Housing Mistakes in the Midst of a Divorce

Divorce is a tough situation which opens up many emotional and financial issues to be solved. One of the most important decisions is what to do about the house. In the midst of the heavy emotional and financial turmoil, what you need most is some non-emotional, straight-forward, specific answers. Once you know how a divorce affects your home, your mortgage and taxes, critical decisions are easier. Neutral, third party information can help you make logical, rather than emotional decisions. Probably the first decision is whether you want to continue to living in the house. Will the familiar surroundings bring you comfort and emotional security, or unpleasant memories? Do you want to minimize change by staying where you are, or sell your home and move to a new place that offers a new start?

Only you can answer these questions, but there will almost certainly be some financial repercussions to your decision process. What can you afford? Should you buy or Rent? Can you manage the old house on your new budget? Is refinancing possible? Or is it better to sell and buy? How much house can you buy on your new budget? The purpose of this report is to help you ask the right questions so you can make informed decisions that will be right for your situation.


You have 4 basic housing options when in the midst of a divorce:

  1. Sell the house now and divide up the proceeds.
  2. Buy out your spouse.
  3. Have your spouse buy you out.
  4. Retain your ownership.

It’s important for you to understand the financial implications of each of these scenarios.

1. Sell the House Now and Divide Up the Proceeds
Your primary consideration under these circumstances is to maximize your home’s selling price. I can help you avoid the common mistakes most homeowners make which compromise this outcome. As you work to get your financial affairs in order, make sure you understand what your net proceeds will be – i.e. after selling expenses, and after determining what your split of the proceeds will be. Note that the split may not be 50/50, but rather may depend on the divorce settlement, the source of the original down payment, and the legislative property laws in your area.

2. Buy Out Your Spouse

If you intend to keep the house yourself, you’ll have to determine how you’ll continue to meet your monthly financial obligations, if you now only have one salary. If you used two incomes to quality for the old loan, refinancing on your own might be a challenge.

3. Have Your Spouse Buy You Out

If you are the one who is leaving, you have the opportunity to start again in new surroundings with cash in your pocket. However, be aware that if the old home loan is not refinanced, most lenders will consider both you and your spouse as original co-signers to be liable for the mortgage. This liability may make qualifying for a new mortgage difficult for you if you decide to purchase a home, even though you won’t have legal ownership.

4. Retain Joint Ownership
Some divorcing couples postpone a financial decision with respect to the home and retain joint ownership for a period of time even though only one spouse lives there. While this temporary situation means you have no immediate worries in this regard, keep your eye on tax considerations which may change from the time of your divorce to the time of the ultimate sale.

When You Decide to Sell
If you and your spouse decide to sell your home, it will be important to work together through a professional to maximize your return. Differences aside, you both should be present when a listing contract is put together. Both of you should understand and sign this contract, and both should be active in the ultimate negotiations. I do have extensive experience in dealing with such unfortunate situations and will be happy to provide all possible assistance. Please contact me for more details.

When You Buy Your Next Home
Use the proceeds from your previous home or buy-out to determine an affordable price range for your next home. Maintain a clear focus on getting the right home to suit your new situation. You may wish to review with an agent who offers a house-hunting service to help find a home that matches your new home-buying criteria.

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Capital Gains Tax on the Sale of Real Estate Properties

One of the most pressing concerns for Canadians today is tax. The Government is able to tax income, consumption and capital. With income taxes at onerous levels and consumption taxes like GST and PST extremely unpopular, taxes on capital are likely to be examined more closely. It is unlikely that the government has failed to notice that during the next two decades or so $1 trillion in assets will pass from the over 55 generation to their children. Given the record of past governments in these matters, there is little doubt that this intergenerational asset transfer will be subject to increased taxation in the future.

Capital gains taxes were introduced in 1972. The inclusion rate (the amount of the gain that is subject to income tax) was initially 50% then 66% in 1988, 75% in 1990 and back to 50% since 2000). It is reasonable to assume the rate might increase. During the same time period, the applicable exemptions on capital gains have also been changing. The $500,000 exemption introduced in 1985 was capped at $100,000 for individuals in 1988 restricted with regard to real estate investments in 1992 and then removed completely as far as individuals are concerned. It’s likely the government will consider further tinkering with the exemptions as well.

There is NO CAPITAL GAIN tax on disposition of a principal residence in Canada.

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