The Riz Team Blog

Q. We are thinking about selling our house on our own, without using a Realtor, to save money. Do you have any advice?

A. If you are thinking of selling your home without a Realtor, there are many things to consider.

• Do you have a background in real estate? Do you know what your house appraises for? Do you know the value of your home compared to other homes in your area? How does your house show compared to other homes in the same price range? How well do you understand real estate contracts? What will it cost you to have your attorney view the offer and other documents?
• What have you budgeted for advertising? How do you intend for others to find out that your home is for sale? Have you checked into the cost of running ads?
• Do you have a plan for showing your home to potential buyers? Are you able to put your life on hold every time someone wants to tour your home? How frustrated will you get if they make multiple appointments to view your home but never show up? Have you considered yours and your family’s safety when letting strangers in to view your home?
• Will your feelings towards potential buyers be affected if they criticize your decorating style, cleanliness or landscaping?
• How are your negotiating skills? Just as you, the seller, want a good deal, so too does the buyer.

Do you have the time to research the answers to the above questions so that you’re well prepared to sell your home yourself?

Sellers may believe that if they sell their home themselves, they’ll get more money for their house. At the same time, the buyer often believes he or she is entitled to a lower price if a Realtor isn’t involved in the transaction. Without a Realtor, when a buyer and seller try to agree on a price, there’s no one to negotiate the deal. The sellers are on one side and the buyer is on another, so the deal falls apart.

Buying and selling a home is a complicated process. Unless you have a background in real estate, you should reconsider selling your own home on your own. Because your home is your most valuable asset, wouldn’t you want professional help so you get the best deal possible when you sell it?

Realtors have all kinds of resources and experience that you may not. They have access to multiple listing services, or the MLS. This is a site many potential homebuyers visit. Many Realtors also have their own websites. Even if you took the time to create your own website about your home, how would potential homebuyers learn about the site to visit it?

There are so many reasons to seek out a professional to help you sell your house. I’ve seen too many deals fall through because sellers try to sell their own home but lack the necessary expertise, and they won’t negotiate with the buyer.

Good luck as you make a decision about selling your home

That’s why I say……Don’t put it on HOLD….call RIZ to get it SOLD!!! ™

More and more often, couples are turning to backyard weddings as a romantic and intimate way to tie the knot, but it’s the type of in-house celebration that takes some foresight. When it comes to budget, the cost of a backyard wedding can be a shocker. The total tally can be as much or more than the average wedding, which nowadays hovers around $25,000+. Whatever your budget, the idea is to host a soiree you and your guests will enjoy. So before you exchange those vows near your childhood swing set, read the following tips.

Home Improvement

The first thing to consider is whether your home is suited for the wedding, says wedding planner Donna Stasko of R.S.V.P. Party Planners, based in Mississauga, Ontario. That means you must determine early on how many people you’ll invite, as well as suss out the layout of your home and garden. Is your backyard level or is sloping? Is your backyard big enough to comfortably seat your guests for dinner, or will you have to adjust your plans to a cocktail affair? “You’ve got to know your numbers. That will dictate what we can and cannot do,” says Stasko.

Cost Conscious

It’s the golden rule: “Anything can be done if you want to pay the money,” says Stasko. Decide what fits best within your budget, and in your home. Will it be a full dinner or finger foods affair? A casual or a fancy barbeque? Luncheons or afternoon tea parties are popular too, and will certainly bring the price down. You’ll save on liquor and venue prices, but if you envision an elegant, fairy tale wedding it could be very pricey. “It can turn out to be just as much as a banquet facility,” says Stasko. Tents are a must for any outdoor affair, she adds. If you have to cut costs, keep the tent, and cut elsewhere.

Parking Problems

Don’t make your guests walk miles to get to the ceremony. Consider parking issues. Depending on the number of guests, scout your neighbourhood to determine whether there are enough parking spots outside, or near the house. “It depends on the area,” says Stasko. “If it’s normal residential then people can park on the street. We can set up a valet service.” If parking becomes an issue talk to your neighbours and find out if you can negotiate using their spots. The same applies for noise, says Stasko. Advise neighbours of your party plans.

Floral Fun

Depending on when you plan to have your backyard wedding, consider what flowers will be blooming in your garden at the time, if any. Flowers are always a beautiful way to embellish the day of, but with a garden at your disposal the possibilities are endless. “I’ve done it a lot of different ways,” Stasko says of co-ordinating floral arrangements. “A lot of people have baskets on each table with different and brilliant colours.” Not everyone wants the décor to be rustic, though. You might consider simple glass vases with classic flowers such as roses and lilacs. “We can colour scheme anything to the garden,” says Stasko.

Let Caterers Cater to You

Depending on the type of party you’re hosting, plan your menu well in advance. Not just what your guests will be eating, but exactly how the food will be cooked, delivered and stored. If you choose to have a caterer, make sure it’s a reputable one. “A good caterer should always do the rentals because they know what they need,” says Stasko. “And they have their own staff!”

Sinking Heels?

Backyard carpets are available but most couples don’t rent them, says Stasko. “They say guests know it’s an outside wedding, so they won’t wear stiletto heels,” she says. However, a lot of couples go for the dance floors, which are easily accessible. It might be a good idea to remind the style mavens on your wedding guest list that it’s a backyard party! But if it’s really swanky then seriously consider renting carpets.