Trusted Tips and Resources

Trusted Tips & Resources

Trusted Regina REALTOR® James Wruth Has 7 Expert Home Selling Tips

James Wruth is one of Regina’s most trusted and top-selling Realtors. A member of RE/MAX Crown Real Estate since 2006, James works with families, individuals, investors, and developers in the purchase and sale of residential properties. Since 2006, James has been a consistent Top Producing Realtor, and he has been awarded numerous prestigious distinctions including Re/Max 100% Club distinction, Platinum Sales Award, and Remax Hall of Fame induction. James Wruth is a Trusted Regina Real Estate expert.

Selling Your Home? James Provides 7 Expert Tips and Steps To Take

I believe that relationships are more important than transactions. I started a career in real estate in 2006, and since that time I have built a Regina real estate business around that philosophy. My goal is a personalized one-on-one service to fully understand you, your real estate goals, and to be 100% accountable to you. In my latest blog post, I share tips and tricks to help sell your home in Regina!


Hiring a Regina realtor who knows how to use the psychology of sales can really pay off. Choose an experienced real estate agent who understands how to use the art of negotiation, who can salvage a potentially sour deal, apply pressure and use other successful strategies to increase your sale price. 

1. ESTABLISH A PRICE

As a Seller, you may believe your property is worth more than the Realtor wants to Initially list it. An agent may agree to list your home at a higher price, but I am of the opinion that this should only apply if you agree to drop that price within a specified period (usually in 15-day increments). Realtors who use this technique may actually be looking out for your best interest. Agreeing on a plan to reduce the price gradually helps build rapport and trust with clients who may be stuck on a number. My job as a Regina realtor is to know the market and I do my research to make sure I know the optimum listing price for every property I agree to sell based on the individual seller's unique set of circumstances. 

2. PREPARING YOUR HOME FOR SALE

You need to shift your perspective and view your home through the eyes of the prospective buyers. Ask yourself what you would expect. My role as your Regina Real Estate agent will be to help guide you and give you tips on de-cluttering and other things that will help your home be more sellable. Now is not the time to be attached or sentimental about furniture, art and belongings. 

3. BE AVAILABLE FOR SHOWINGS

Potential buyers may ask to see your home on short notice. It is best if you can accommodate these requests, you never want to miss a potential sale. After each showing, be assured that I will follow up with the people who viewed your home to hear their feedback, which I will share. 

4. YOU GET AN OFFER... OR MULTIPLE OFFERS

If everything goes well, a buyer’s agent will present your agent with an offer. You have three choices – accept the offer, counter the offer, or reject the offer. Be assured that my knowledge of your needs will enable me to represent you in the best way possible.

Next Steps! 

5. UNDER CONTRACT

At this point, you have accepted an offer and have agreed to all the terms set forth in the contract.

6. CONDITIONAL PHASE 

When the agreement of purchase and sale is accepted and signed by all parties, the conditional phase begins. The buyers will have a pre-determined amount of time to fulfil items likely including home inspection, financing, home insurance, etc. The date the conditions are removed, you now have a firm and binding contract for the sale of your home.

SOLD!


7. CLOSING

This is the date of transfer of funds and ownership that was agreed upon in your binding contract. I will make sure that you know that you are packed up and ready to go before this date.

Have questions about selling your Regina property?

Contact me today, I am here to help!


If you are looking for a Regina Realtor who works tirelessly on your behalf and always offers honest and candid advice, James will be an expert at your side. 

Trusted Regina REALTOR® James Wruth Shares Advice on Becoming a Landlord

James Wruth is one of Regina’s most trusted and top-selling Realtors. A member of RE/MAX Crown Real Estate since 2006, James works with families, individuals, investors, and developers in the purchase and sale of residential properties. Since 2006, James has been a consistent Top Producing Realtor, and he has been awarded numerous prestigious distinctions including Re/Max 100% Club distinction, Platinum Sales Award, and Remax Hall of Fame induction. James Wruth is a Trusted Regina Real Estate expert.

So You Want To Become A Landlord In Regina?

I believe that relationships are more important than transactions. I started a career in real estate in 2006, and since that time I have built a Regina real estate business around that philosophy. My goal is a personalized one-on-one service to fully understand you, your real estate goals, and to be 100% accountable to you. In my latest blog post, I share advice for folks considering investing in revenue properties in Regina, with a view to becoming a landlord. 

Things you need to know before you become a landlord.

If you’re looking to become a landlord, investing in Regina real estate is a solid way to generate passive income! However, before you invest in Regina revenue property, it’s wise to know if you’re getting a good deal.

Here are some tips to consider when buying an investment property in Regina. 

1. Buy the right Regina property that is sure to rent easily

- Select Your Target Regina Neighbourhoods Carefully - remember this is not where YOU are going to live

Consider the following before you invest:
  • Is it a safe neighbourhood? ( Check out Regina Police Crime Map ) 
  • What amenities are found locally
  • What is the rental vacancy rate in that neighbourhood?
  • How close are you to local shops, parks or recreational facilities? 
  • How far away are you from the bus stop or transportation hub?
  • If you are considering buying property suitable for a family are you close to schools? 
You may want to consider duplexes for the peace of mind they bring. With duplexes, you have two units, so if you go for a while without a tenant, it’s usually just one apartment, not both, so you still have some revenue coming in. As an experienced Regina realtor, I can provide a lot of support in your search! 

2. Treat your rental like a business

You can make good money being a landlord, through both monthly cash flow and appreciation on your property. But it’s not like buying a mutual fund. You need to be ready to handle the types of struggles you’d face with any business. You must have a budget for emergency fixes for example! 

Know your rights as a landlord in Regina! 

3. Be sure to properly screen potential tenants

We’ve all read stories of nightmare tenants who generate endless noise complaints, damage property and even stop paying rent. To protect yourself, I recommend credit checks (available through agencies like Equifax and TransUnion) and asking for references from employers and past landlords. I also recommend matching landlord references to the credit check, which shows past addresses, to ensure the applicant is being truthful. Once you’ve found great tenants, you’ll want to hold on to them for as long as possible.

4. Check your insurance coverage

If you’re renting an apartment within your home, your existing home insurance policy could be enough coverage. But if you’re renting a building that you don’t live in, you’ll need to look into additional insurance While it’s not legal to require your tenants to purchase insurance, it’s important they know that they’re not covered by your policy. It’s a good practice to recommend they take out their own tenant insurance policy so their personal property is covered.

5. If you aren't handy or good at DIY - find folks you can trust who are! 

You can save even more time by making sure you’re set up for success from day one. Build a network of professionals — electricians, plumbers, handypeople. This way you can handle most routine problems, like a leaky faucet, with a simple phone call.

Have questions about buying revenue properties?
Contact me today, I am here to help!


If you are looking for a Regina Realtor who works tirelessly on your behalf and always offers honest and candid advice, James will be an expert at your side. 

6 Tips To Help Your Home Stand Out From Trusted Regina REALTOR® James Wruth

James Wruth is one of Regina’s most trusted and top-selling Realtors. A member of RE/MAX Crown Real Estate since 2006, James works with families, individuals, investors, and developers in the purchase and sale of residential properties. Since 2006, James has been a consistent Top Producing Realtor, and he has been awarded numerous prestigious distinctions including Re/Max 100% Club distinction, Platinum Sales Award, and Remax Hall of Fame induction. James Wruth is a Trusted Regina Real Estate expert.

6 Tips To Help Your Home Stand Out From The Crowd This Fall

I believe that relationships are more important than transactions. I started a career in real estate in 2006, and since that time I have built a Regina real estate business around that philosophy. My goal is a personalized one-on-one service to fully understand you, your real estate goals, and to be 100% accountable to you. In my latest blog post, I share 6 ways you can ensure your home stands out to buyers this fall in Regina!

The summer selling-season frenzy is over, but fall has just as much (if not more) sales-inducing mojo to offer. The crisp autumn weather gives home hunters a new incentive to find that perfect house to snuggle into before the snow comes. Here are some surefire season-sensitive tips to make sure it���s yours that they choose.

Clean Up The Yard

Get out that rake and move those newly fallen leaves off the lawn tout suite. Making sure potential buyers can see the potential of a summer garden is a big selling point. Cut back bushes and dead flowers, and make sure vegetation isn’t blocking any windows or paths. Also, check for any trees that have grown up with the warm weather and are now blocking views or sunlight.

Fall Flowers / Displays

Boosting autumn-time curb appeal starts with a few strategically-placed planters filled with flowering fall favourites such as chrysanthemums, marigolds and mini sunflowers. They come in yellows, oranges, reds and browns and instantly brighten up walkways, steps, window boxes and doorways. A grouping of seasonal gourds by the front steps wouldn’t go amiss either. Autumn ushers in memories of a bountiful harvest, children dressed in colourful costumes and thankful families sharing a meal. As you spruce up your porch, the realization that fall is finally here brings the excitement of the season to your home.

Wash Those Windows

After a Saskatchewan summer filled with hot, dusty days and warm breezes, windows can start to look filmy and streaked, while window screens are plugged with dirt and unlucky insects. You may not notice the buildup since it happened over a few months but buyers will. Dig out that power washer or hire a window-washing company to tackle the job and get those windows sparkling clean. It is well worth the investment.

Top Notch HVAC

The furnace probably hasn’t been used all summer so now’s the time to have it looked at by a specialist and prepped for winter use. A potential buyer will have an inspector look at it anyways so it’s better to fix any potential problems prior to the house going on the market. Before anyone steps foot through the door, you’ll want the air flowing through the home smelling fresh and the heating system doing its job.

Squeaky Clean Fireplace

A wood-burning fireplace is on a lot of buyers’ must-have list – but they want one that they can light up the day they get the keys. Get the chimney professionally cleaned and scrub down the stove and brickwork. As soon as you list the house, hold off on lighting it and instead set up a display of attractive logs, large pinecones or pillar candles.

Open House Details

Fall is a favourite time for many people so when you do open your doors, make sure they get a season’s greeting. Before they arrive, simmer hot apple cider on the stove to fill the house with a welcoming scent, then fill up a thermos and put out paper cups so visitors can sip on cider while they tour your tastefully staged rooms. Fill a bowl with fresh apples and set out a tray of ginger cookies for potential buyers to take home as a sweet reminder of how much they love fall – and would love to buy your home.

Your home is one of the biggest investments of your life. When you’re ready to buy or sell, choose wisely—choose me, James Wruth REMAX Crown Regina Real Estate Agent.

If you are looking for a Regina Realtor who works tirelessly on your behalf and always offers honest and candid advice, James will be an expert at your side. 

Trusted Regina REALTOR® James Wruth Shares The Importance of Being A RE/MAX Crown Real Estate Agent

James Wruth is one of Regina’s most trusted and top-selling Realtors. A member of RE/MAX Crown Real Estate since 2006, James works with families, individuals, investors, and developers in the purchase and sale of residential properties. Since 2006, James has been a consistent Top Producing Realtor, and he has been awarded numerous prestigious distinctions including Re/Max 100% Club distinction, Platinum Sales Award, and Remax Hall of Fame induction. James Wruth is a Trusted Regina Real Estate expert.

James Wruth Shares The Importance Of Being A RE/MAX Crown Real Estate Agent In Regina

I believe that relationships are more important than transactions. I started a career in real estate in 2006, and since that time I have built a Regina real estate business around that philosophy. My goal is a personalized one-on-one service to fully understand you, your real estate goals, and to be 100% accountable to you. In my latest blog post, I share the advantages of working with a REMAX Crown Real Estate Agent in Regina.

Why I am Proud to be your RE/MAX Crown Real Estate Agent in Regina

Buying or selling a home is likely the largest and most important transaction you’ll ever make. That’s why so many people trust RE/MAX: the most widely recognized real estate brand in the world. For more than 20 years, RE/MAX has been the leading real estate organization in Canada. By providing the best training, administrative and marketing support, brokers and agents are free to focus on what they do best: SELL real estate.

As a RE/MAX Crown Real Estate Agent, I am focused on providing you with the best results and service in the industry. I listen carefully to understand your real estate goals and work hard to create solutions that make sense for you. Whether you are new to the market or an experienced investor, I have the expertise, proven track record, and resources to help you achieve your real estate goals. A common mantra in real estate is “location, location, location.” REMAX agents have extensive knowledge of the Regina area and can help find the right home for you or the right buyer for your home.

As a RE/MAX agent, I am supplied with exclusive tools and training to ensure I have the skills they need to effectively guide you through the real estate process. In fact, Canadian RE/MAX agents averaged twice as many transactions as its competitors. (based on 2015 closed transactions source: CREA, RE/MAX) and have more specialized designations than any others, making them Canada’s most productive agents.

Tech Savvy

RE/MAX has always been a leader in the real estate industry, adopting the latest technology and creating innovative marketing programs. RE/MAX was the first brand to expand its reach to the global market through a revolutionary global listing site. With listings from more than 80 countries, displayed in over 40 languages, RE/MAX agents have the opportunity to search and post listings internationally, making international transactions easier than ever.

Community 

At the heart of RE/MAX is a deep commitment to the communities we operate in. This was another big reason why I was drawn to the brand as a new agent back in 2006. RE/MAX Crown Real Estate Agents succeed with dedication, experience and community involvement. As a team, we have raised thousands of dollars through charity work, and we channel those funds into local and regional children’s medical facilities to improve the quality of life in our local communities! 

All RE/MAX Agents display the Miracle Home sign on property listings. As we are committed to helping hospitalized children across our province and have pledged a portion of their income from the sale of that home to the Jim Pattison Children's Hospital Foundation.

Your home is one of the biggest investments of your life. When you’re ready to buy or sell, choose wisely—choose me, James Wruth REMAX Crown Regina Real Estate Agent.

If you are looking for a Regina Realtor who works tirelessly on your behalf and always offers honest and candid advice, James will be an expert at your side. 

Trusted Regina REALTOR® James Wruth Explains Selling A Deceased Family Member's Home

James Wruth is one of Regina’s most trusted and top-selling Realtors. A member of Remax Crown Real Estate since 2006, James works with families, individuals, investors, and developers in the purchase and sale of residential properties. Since 2006, James has been a consistent Top Producing Realtor, and he has been awarded numerous prestigious distinctions including Re/Max 100% Club distinction, Platinum Sales Award, and Remax Hall of Fame induction. James Wruth is a Trusted Regina Real Estate expert.

James Wruth Explains The Process When Selling The Home Of A Deceased Family Member

I believe that relationships are more important than transactions. I started a career in real estate in 2006, and since that time I have built a Regina real estate business around that philosophy. My goal is a personalized one-on-one service to fully understand you, your real estate goals, and to be 100% accountable to you. In my latest blog post, I explain the process of selling the home of a family member who has passed. 

What Is The Process Involved When Selling The Home Of A Deceased Family Member? 

Unfortunately, I am all too aware that the death of a relative is always a hard time for the family left behind. Not only do you have to navigate the emotional turmoil that is present when someone you love passes, but you may also have to deal with the inevitable real-world details – like liquidating assets and maybe even selling that person's home.

1. The Importance Of An Up To Date Will

If you think their properties will automatically pass to their descendants when they die, you could be in for an unpleasant surprise. If a homeowner dies without a will, or with a will that somehow fails to specify who the deceased’s property is meant for, what happens to the home becomes a provincial decision.

Each province has its own formula for distributing the deceased’s assets that takes priority over the dead person’s wishes.

When a person dies intestate, typically the family will act as administrator of the estate. Section 11 of The Administration of Estates Act lists the persons entitled to apply for Letters of Administration:
  • spouse; children & grandchildren;
  • parents;
  • siblings; nephews and nieces;
  • next of kin of equal degree of consanguinity;
  • creditors; and the official administrator.
Letters of Administration may not be required to deal with assets that are not part of the estate (Part II Assets) such as property jointly owned with the deceased at the date of death, assets with a named beneficiary or assets outside Saskatchewan. Letters of Administration will be required if the estate assets include real estate in order to conduct any land transactions with Information Service Corporation.

Selling a home after a relative dies is what’s known as an “estate sale.”

The term “estate sale” can often be interpreted in different ways. For instance, if you are not a Realtor, you might be thinking that an estate sale is an auction where furniture and other possessions are liquidated. Most real estate agents, on the other hand, think of an estate sale as selling a property for one of the heirs.


2. Transference of real estate after death.

So what happens when the home is going to be sold?

The first thing that needs to be done is to ensure the executor has been given authority to liquidate the real estate. There should be specific instructions in the will about selling the property.

First, look to see if the executor under the will was given power or authority over the real estate. If they were not given authority over the real estate, then the beneficiaries hold the authority and can sell the real estate without the executor’s consent.

Important note: 
If you are going to be selling an estate where there are more debts than assets, this is what’s called being insolvent. If this is your situation it is important NOT to pay any debts you don’t have to— If you pay some low-priority creditors, you could find you are personally liable for the amount you shouldn’t have paid out. For example, don’t pay the landscaper or the telephone bill. These should be paid by the executor once approved.

3. What Happens If there Is a Mortgage Outstanding?

A majority of Canadian homeowners don’t know what happens to their mortgages when they die. Only 28 per cent of respondents to a 2021 survey realize that their mortgage needs to be paid by the beneficiary who receives their properties. It does not disappear, unfortunately, although that’s exactly what 12 per cent of survey respondents think happens to a mortgage when a borrower dies.

Property owners, particularly investors, must also keep in mind the tax bills awaiting their surviving family members. The CRA treats a dead individual’s assets as if they were all sold on the day prior to his death, meaning capital gains taxes on non-primary residents need to be paid – even if the home is left to a beneficiary. Joint ownership of a property with a spouse can provide a clean and legal workaround; otherwise, those left behind will need to foot the bill. 

4. Collect all the necessary documents related to the home.

One of the least enjoyable, but most necessary, things that those left behind need to do is collect all required financial documents. Financial documents are essential for the distribution of the estate, including the home. Without all the necessary documents things become much more complicated.

You may have to search for a while to find everything you need. Often all documents won’t be in the same place. Sometimes people will stash them in hidden places. It is worth the time to search everywhere, including crawl spaces, the attic, and the garage, go through all the boxes and files, and even look under the mattress and drawers.

The documents you will want to gather may include:
  • Will – As explained - If there is a will, it will significantly simplify the distribution of the estate.
  • Receipts from bills – You will need to freeze your relative’s credit and contact all creditors, including the three major credit reporting agencies.
  • Investment documents – Your relative may have had stocks and/or bonds.
  • Insurance documents – There may be a policy from an employer, or one purchased privately.
  • Homeowner’s policy – Keep homeowner’s insurance up to date and increase coverage if necessary.
  • Bank account documentation – You want accurate information on all of your relative’s bank accounts.
  • Personal documents – If your relative had any personal documents, like journals, poetry, etc., you might like to have them at a later date for sentimental reasons.
Once you have gathered all the documents you know, you will need, shred everything else that has personal information on it. It is a common thing for identity thieves to use the social security numbers of the deceased. By eliminating all documents with the number on them, you make identity theft more difficult.

4. Change The Locks and Mail Delivery

When selling a home as an estate sale, it is essential you have complete control of the property. This includes changing the mail, so you receive it in a timely fashion, along with enhancing the home’s security. Keep in mind there are going to be folks who know about the death that took place and the fact the home may be vacant.

You will be surprised how many keys have been given out on a property over the years. Whether it is friends, relatives, the babysitter or various contractors who have done work. It is better to be safe than sorry.

5. Hire a Regina Realtor To Help You Get the Home Ready For Market

After you have processed all the personal possessions of your relative, you will be ready for the actual sale. At this point, you will go through much the same steps as any other home seller – although some minor differences may apply.

I have found that often when selling a home that was owned by an older relative, or a house that has been occupied for decades, there is extra work involved in prepping for sale. This can be one of the most challenging parts of selling a deceased parent's home. The house may be quite dated, including old wallpaper, decorations, carpet, paint, etc. It may also have damage that has gone unaddressed for a long time.

An experienced and reputable real estate agent will provide the best advice on what needs to be changed or repaired before you put the home on the market. If you want to get the best possible price, you may need to make some changes. The most common I see include:
  • Getting rid of old furniture/ window coverings
  • Removing wallpaper
  • Changing dated flooring and/or refinishing hardwood floors
  • Applying a fresh coat of paint
  • Eliminating all signs of pet ownership, like stains and other damage
  • Installing new fixtures and updating lighting
In addition to any changes you make to the home, you are going to want to clean it thoroughly. There is nothing more critical to the sale of a home than a proper cleaning. I may also suggest professionally staging the property if there is not enough appropriate furniture/belongings left after the cleanup. 

Once the home is prepared for buyers, then we can go ahead and list it. As long as you have made the home desirable based on the current Regina and Rea Real estate market, you should be able to sell it for a fair price.

A misunderstanding of what happens to a person’s property once they’ve died can cause extreme distress, both financial and emotional, for her surviving family members. So the best advice I can give is to have your will and paperwork in order as soon as you become a homeowner. In addition, you review your will on a regular basis to ensure it reflects your wishes. 

If you are looking for a Regina Realtor who works tirelessly on your behalf and always offers honest and candid advice, James will be an expert at your side. 

Previous Posts

ADDRESS

S & E Trusted Online Directories Inc
TrustedRegina.com
310 Wall St #209
Saskatoon, SK   S7K 1N7
Ph: 306.244.4150

GET THE APP

App Store Google Play
Follow us on Facebook Instagram Linked In Twitter YouTube RSS Feed
Abex
Abex
Stevies
Sabex
NEYA
Website hosting by Insight Hosting