5 Common Myths About Selling Your Home

1. If the First Offer I get is a good offer, that means my house is worth more, or I listed it too low.

This is not a true statement. When we price a home, we take many things into consideration and what this means is that we have priced and marketed the property correctly. A buyer has seen the property and agreed with our value and wants to secure the property for themselves.  Where I see a problem when working with an offer in the first few days, is when sellers accept something right away that isn’t for FULL asking price or higher.

2. Selling without an agent will save you money.

This is s definitely something people believe, however I will tell you the same thing I tell all my clients and it’s a simple statement, “It doesn’t matter what you SAVE or SPEND, there is only 1 number to be concerned with and that is what you NET at the end of the transaction”. The C.R.E.S.I. Team here to help you do exactly that, NET the most and build your wealth.

3. Houses sell themselves.

LOL, How is this possible? I get what is being said and I will agree with the point that some houses stand out from others and make it an easier sale, due to the fact that it presents better for whatever reason than the others. But that house can’t negotiate terms or have the knowledge and experience to plan and market to get top dollar for itself.  You need a professional and not one who does this as a hobby or part time gig, I wouldn’t hire someone to build me a deck if they only built one or so a year, so why do that with your house, possibly your biggest asset?

4. Online home evaluations are all you need to price house

Online home evaluations are a good way to start. It’s a source of information for sure, but how could a computer tell you how much your home is worth? That would be like me telling you the same thing while standing at your front door.  Yes, it matters what things are selling for nearby, which is how the computer does it. Do you think all 3 bedroom, 2.5 bath detached houses in a neighbourhood are all the same size? Have the same layout? The same finishes? Of course not and therefore will all have a different value, no computer can figure that out.

5. All agents are the same and will get you the same results.

If this was true all Real Estate Agents would make the same amount of money.  They would all be just as busy, no one would care who they worked with and realtors would be picked at random. We all know that’s not what happens.  Realtors are like penguins, from far away they all look the same.  However, when you get up close to a group of penguins you can see the differences between them all. One has a scratch on his beak, one has a white tail, or a spot here or there, or many other little differences between them.  As Realtors, we’re the same, it’s not until you get up close, then you see the many differences between us.  How we speak, how we market/advertise, how we treat our clients, plus the support and the knowledge they receive when working with us. Our goal is for us to STAND out from the crowd. RE/MAX has always said “Above the Crowd”, well we want to be a PURPLE PENGUIN in the CROWD. You can spot The C.R.E.S.I. Team in the crowd and from far away.

Thoughts on the Handling of Non-Payment of Rent Applications at the Landlord Tenant Board

It’s time to address a critical issue — the handling of NON-PAYMENT OF RENT applications at the LANDLORD AND TENANT BOARD LTB).

Currently, the board is backlogged with 53,000 cases, and the majority of these are non-payment of rent applications (N4). According to the Landlord and Tenant Board’s 2022-2023 annual report, there were a total of 64,450 landlord applications, with 37,690 being N4 non-payment of rent applications. This is completely unacceptable! The sheer volume of these cases demonstrates a broken system that is not serving the needs of landlords or tenants, further contributing to the housing crisis in Ontario.

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How to Turn $150K Into a $200K Down Payment: A Playbook for First-Time Buyers

Buying a first home is a huge milestone,​ but for many Canadians, saving for the down payment can feel like an uphill battle. Rising home prices and borrowing costs have made this a significant challenge—but with the right strategy, there’s a way to help your clients stretch their savings further.

The Secret Weapons: RRSP and FHSA

These government programs are tailor-made for first-time buyers.

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House Prices Are Low, Now Is The Right Time To Invest In Real Estate

“Be Fearful When Others Are Greedy and Be Greedy When Others Are Fearful’ 

 ~ Warren Buffet

This quote fits in with how the state of the real estate market is going. Right now, home prices are lower and the interest rates are higher. This is causing uncertainty and some people will not buy. You can be certain in this, prices and interest rates will continue to go up and down. No market situation is forever. People will always need a roof over their heads, that is FOREVER!  

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