7 Things No One Tells You When You're Selling Your Home

Posted by Jared Chamberlain

7-Things-No-One-Tells-You-When-Youre-Selling-Your-HomeMoving up to a new home is an exciting journey! But there are seven things that no one talks about when you're selling your home.

1. Your Feelings May Get Hurt During The Staging Process

As a seller, you are confident that your house is perfect because you love it! But the moment you book a staging consult, your stager will tell you what you need to do to improve your space. The stager will make your home perfect for the buyer’s eyes so they can fall in love with it.

What other people don’t tell you is that this process can sometimes hurt your feelings. There are things in your house that you will need to let go of if your stager tells you, even if that housing piece means a lot to you!

2. Your Renovations Won't Add As Much Value

Every family has different needs and design preferences; therefore, home renovations are vital to make the most out of the home.

But you have to keep in mind that minor renovations won’t add as much value to your property when selling. Unless you did a major renovation right down to the studs or back to the drywall, renovations wouldn’t add as much value as you may think.

To avoid frustration, you need to have an honest conversation with your agent before pricing your home. Try to be receptive in understanding how much or how little the renovation you did will add to your house’s selling price.

3. You will be Nervous for All Showings

As you welcome people into your home for showings, it’s inevitable to ask, “Could this person be the buyer? Could this showing have the family that will buy our house? Could this be the investor that will purchase our rental?”

Having this thought spinning around your head will make you a nervous wreck!

To calm your nerves, you must have strategies to showing your home. One of the best plans is to leave for a few days. Use this time to go on a holiday with your family. Go for a quick getaway to ease your nervousness, and just keep your phone lines open should your agent need to call you for any concern.

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4. Set Your Expectations Properly

Like in any industry, things can go wrong, and people can make mistakes. You can have a certain expectation toward what is going to happen, but things don’t always go as expected. Some things can hurt you, or you might perceive them differently because the outcome is different from the expectation that you had in mind.

Some agents may be late or early for showings, which can be bothersome because they are in your house for longer, which can be disruptive for your family. There are also rare instances that agents don't come at all.

These things happen, so you need to set your expectations appropriately. Most agents will not tell you about this because it’s frustrating, but it does happen.

5. Leaving Your Home for Showings Sucks

Preparing your house for showings requires a lot of work. Cleaning and decluttering could take a lot of time and effort, but it’s all worth it!

Getting out of your home for showings is the wisest thing to do because a buyer needs to walk into that house and see how they will live in it. They have to emotionally fall in love with your home, which could be theirs. Can they do that when you're still there?

6. Setup a Homebeat

You can potentially become obsessed with other homes on the market and endlessly check what is going on. The most efficient way to go through this is to utilize a program called Homebeat.

Homebeat is a fantastic system that we can set up for you so you can see everything happening in the market specifically tied to your home. This program will allow you to understand and gauge the market correctly.

7. Price & Preparation Win Every Time

There's a lot of factors that come into play in pricing a home for selling. You have to decide how high or how low you can go and how the renovations you've done can add to the value. There are also outside factors like your neighbourhood and what kind of market you are in.

In the end, there are only two things that you can control, the pricing of your home and the preparation that you do. Everything else is out of your control, outside of what you do to prep your home and how you price it.

If you have any questions about these seven things, you can email us at info@chamberlaingroup.ca, or you can give us a call at 587-316-5400. We are here to help families transition well and move up to their next chapter in life.

 

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