Buying or selling a home can be a complicated process on both ends of the spectrum. For home sellers you have to worry about prepping the home so that it is ready for the market, find a listing agent and marketing your house effectively.
As a buyer you have to worry about the down payment, finding a buying agent you can trust and finding the time to go to several house walk throughs. The process can be overwhelming to say the least, but we’re here to bust a few real estate myths and help you feel more secure throughout your experience.
Myth #1 – It is better to sell your home in the spring.
Nobody can argue with the nice weather of spring and summer. It’s driving weather, the windows are rolled down, the wind is blowing through your hair and those who are on the market to purchase a home are ready for walk through’s. Houses in general have more curb appeal in the warmer months. Gardens are in full bloom; pools are open and ready to be shown off and there’s more houses on the market.
At this point selling your home in the warmer months is starting to sound good, but did you know that on average home sellers get a higher price in the month of January and February? There’s a lower inventory of houses for sale on the market in the first couple of months in the year, resulting in higher demands. Holiday credit card bills have been paid off and home buyers are out shopping!
Myth #2 – You don’t need a home inspection for a new build or recent renovation
We recommend a home inspection by a professional home inspector. They are worth the investment because they are insured and they look through the entire house.
It is common when you get a relative or a contractor to inspect your home to only inspect a few things instead of the whole house. This is largely due to them specializing in very specific areas of home construction. If you purchase a home without consulting a home inspector and find there were hidden problems, this can lead to expensive fixes down the road.
Myth #3 – A home doesn’t need to be prepared for sale
Spending the extra time, whether it’s an hour cleaning before photos are taken, or several weeks decluttering will make a huge difference when it comes to marketing your house for sale.
If you have furniture that is taking up space consider renting a storage unit. It’s an added cost but it will greatly aid to maximize the potential profit of your home by making it feel bigger and more inviting. You can trust The Move Out Bin to help you with your decluttering needs. We’ll deliver a shipping container to you; you pack it up and we’ll move it to our storage facility where you can visit it any time.
Clean up is crucial when taking pictures, it’s the first image of the house potential home buyers will see. It is common these days for people on the market for a new home to scroll through images on their phone. No matter how beautiful your home is, if the images are cluttered you will greatly reduce the amount of people who wish to walk through your home.
Myth #4 – If buyers don’t like the exterior, they’ll still go inside
The exterior of your house needs to be staged just as much as the interior. Many buyers on the market will perform drive bye’s and if they don’t like the way the exterior looks, or the neighborhood the home resides in they will cancel their viewing. Curb appeal is very important. Even if the interior is beautiful, first impressions count.
Move the recycling bins out of the way, add mulch to your garden or flower beds, paint the porch or paint the front door. Zillow has conducted a paint colour analysis in 2018 and found that homes with front doors painted charcoal, smoky black or a rich jet black sell for $6,271 more than expected.
Our Key take away: hire an agent that does good marketing. If the exterior of your house doesn’t have strong curb appeal and you’ve done everything you can you need a good agent who will take hi-quality photos of the interior to draw people in to your home.
Myth #5 – You get a better deal if you don’t use a real estate agent or you just use the listing agent.
People often think that if they just use the listing agent, they will save money. If you are already working with an agent and have signed up with them you have to use them as your representation.
It’s not always in your best interest to call the listing agent because not all will agree to a deal if they get both ends of the sale. In reality, you don’t actually know if you are really getting a deal. A listing agent may present the house to you at the listing price, where a buying agent may have negotiated the house down in price, saving you money on the offer price instead of saving you money on the commission price. That listing agent has an obligation to the seller and often looking out for his paycheck.
It’s beneficial for you to have a buying agent. If you’ve been working with them for a few months you’ll develop trust and they do all the grunt work of calling and booking the showing with the listing agent. They’ll be doing comparable sales for you making sure you’re paying market value for that home. You want someone who has your best interest in mind.
Whether you are on the market to buy a new home or to sell your old one, don’t fall for common myths in the real estate industry. The most important thing to be sure of is that you are ready for the move. So long as it feels like the perfect time for you to move on to your next adventure and you keep our advice in mind, we can assure your transition will be smoother than if you hadn’t.
What’s our process?
To get started with your storage solution, give us a call at 519-566-3332. Our team of expert technicians will:
- Deliver your storage container, giving you all the time you need to pack
- Pick up the container and transport it to your new location or store it at our facility until you are ready for its delivery
- We will pick up the empty container when you are done
The Move Out Bin offers their valued Windsor-Essex commercial/retail customers simplified moving and storage, guaranteed!