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Common Real Estate Myths

Wednesday, April 13, 2022
by Scott Darling

If you are in the process of buying or selling a home, you may have already come across some of these common real estate myths.  Real estate myths are abundant and are quite prevalent in the real estate world.  Below you will find a few real estate myths to be wary of whether you are buying or selling a home. 

  1. Some folks believe that if you don’t use a real estate agent you are likely to get a better deal.  This is totally false because no matter which one of you have the agent…one of them is going to get the commission be it the buyer’s agent or the sellers agent.  The only way to get around dealing with paying a commission to a realtor is if you sell or a buy a home that is for sale by owner.  If you do decide to purchase or sell by owner, be very careful because there are a lot of things that can and perhaps will go wrong when you try to go it alone.  Real estate agents deserve all the commission they get because they do a lot of work that you don’t have to worry about doing yourself. 
     
  2. Another common real estate myth is that you should set your asking price higher than what you expect to make.  If you price your home too much above the market value you are likely going to be doing yourself an injustice.  Folks are going to pass your home by because they know that it is not in their price range.  Setting your home at a reasonable price is a good way to get buyers to show some interest and not be scared off by sticker shock. 
     
  3. Yet another common real estate myth is that all of the houses listed in the multiple listing systems are all available to look at online.  Most of the houses on MLS are listed online but if you don’t tell your realtor that you want your home listed online he or she may not do so. 
     
  4. Another real estate myth  is that having an open house will basically guarantee that you home will sell.  While open houses are good to get folks out looking at your house, they don’t always bring the buyer to your door.  Typically those that look at your house during an open house are just browsing and likely won’t give you an offer. 

Do your part not to let these real estate myths fool you by knowing them ahead of time before you buy or sell a home.  

Courtesy of Chester County PA Realtor Scott Darling. 

Photo credit: Realty Leadership

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Thinking About Downsizing?

Friday, January 29, 2021
by Scott Darling


When your children are grown-and-flown, or your retirement is on the horizon, it is time for some decisions to be made.  Do you still need all the space you currently own? Do you dream of selling your home and traveling the world? No matter what your reasons are for downsizing, let these tips help smooth the process: 

 

  • Jot down your ideas, and talk with family and/or friends, share your thoughts, and have some of them help you start a Downsize Plan. 
     

  • Think practically before you finalize your decision: 

  • - Do you want to stay in the general area you are currently in or do you want to move across the country? Compare your home’s value to the locations you are interested in, making certain it is financially wise to relocate there. Even a move across town to another neighborhood could cost more in the long run. 
     

  • - Maybe you have dreamed of traveling, and RV-living is more to your liking. If you think this is what you want, it may be a good idea to rent a travel vehicle for a long trip before you make a costly purchase, just to get an idea of RV life. 
     

  • - Are you tired of maintaining the yard and exterior of your home? Maybe a condo or townhome is right for you. 
     

  • If you decide to sell and move to a smaller home, the first step of the moving process is going through your belongings. Sixty&Me.com has some extreme but practical advice to help you start this emotional task. 
     

  • Do your children still have belongings stored in your attic or spare room? Have them pick a date to come over and go through them. They need to be aware that this is their last chance to have their things donated, thrown away, or keep them. Otherwise, you will be making those decisions. 
     

  • With a lifetime of “stuff”, it may simply be impossible to begin the first step on your own, and this is where a pro may help. Professional organizers do not only clean up closets, there are those who specialize in home clean-outs and downsizing.   
     

  • A smaller house means less space for your furniture. Find out if any family members want the pieces you will not take with you or get ready to sell or donate your pieces. Some thrift stores will refurbish the items, and domestic violence or homeless shelters can always use practical pieces in good condition. 
     

  • Once you finalize your decision, get in touch with a real estate agent. They will not only help you sell your home for the best price, but they can also assist with finding your new home! 

 

If you are getting ready for retirement or dreading the thought of the last child leaving home, downsizing can be something to look forward to--a new beginning! Whether you decide to travel the world or settle in a houseboat, your Realtor® will help you through selling your nest, every step of the way. 

 

Courtesy of Chester County PA Realtor Scott Darling.

 

Photo credit: copyandsend 

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What Does a Realtor Do For Buyers and Sellers?

Thursday, October 29, 2020
by Scott Darling

When you are ready to buy a new home or sell your current one, you might assume that finding an agent to handle the process is not worth the effort and cost. What exactly do these agents do, and how can they be so invaluable to me?  

 


Buyers 

  • - Being pre-approved before you start house hunting is best, and a buyer agent will recommend a lender that will help you begin.  Once you have a mortgage amount, you will know how much home you can afford. 
     

  • - Realtors® have thousands of property listings at their fingertips! Once you let them know what you are looking for, they comb through those listings and find homes that fit your needs and wants. 
     

  • - Do you have any idea how to do the research for writing a successful offer on a house or negotiate counter offers you might receive? Your buyer agent certainly does and can save a lot of stress on your part, especially in the case of a bidding battle.   
     

  • - Your agent will schedule and attend an inspection of the house and will help handle negotiations with the seller to have the necessary repairs performed, have the seller reduce the sale price, or make concessions at closing. 
     

  • - As exciting as the closing is, it can cause some anxiety, but your Realtor® will have prepared you for what is to come and make sure all of your necessary paperwork and other applicable things are ready. 

 

Sellers 

  • - A listing agent will spend a good deal of time making sure your home is priced comparably to homes in your area by analyzing recent sales of similar homes.  Setting either too high or low can deter potential buyers.
     

  • - Not only does the agent prepare and post the property on the MLS (Multiple Listing Service), they will create a page on their website specifically for your listing, video or 3D tours, and market your home to reach as many house hunters as possible. 
     

  • - Your Realtor® will work diligently to get the best price for your home. Many agents will even go so far as to attend the appraisal and the inspection, warding off any misunderstandings about the findings in each. 
     

  • - During any repair requests, your agent will be able to discern what is your responsibility, and what is an unnecessary request by the buyer.  Knowing the difference could save the seller thousands of dollars. 
     

  • - While your house is on the market, you need to know everything that happens behind the scenes, and a reputable agent will stay connected to you, whether it be by phone or in person. Communication is vital to your home’s sale.  

 

If you are buying or selling, connect with a Realtor®. As eager as you may be to go it alone, the legalities and knowledge involved with real estate can cost more money than any agent fees in the end. Not to mention that you cannot place a monetary value on having someone looking out for your best interests during one of the biggest decisions of your life. 


Courtesy of Chester County PA Realtor Scott Darling.

Photo credit: think realty

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Take Care of These Tasks Before Moving

Tuesday, September 22, 2020
by Scott Darling


Buying a home is so exciting, and unless your new home is brand new construction or newly renovated, there may be a few projects you have planned. If any of these plans are in the current budget, get them completed before moving: 

 

  • First things first, change all locks on the house, including the garage door and any outbuildings. 
     

  • Painting interior walls would be finished sooner if done before getting boxes and furniture in the house. 
     

  • Most sellers are required to leave the house and property clean as a whistle, but doing a deep clean on your own or hiring a pro to do the job will make you feel better, knowing it was done.  Have hard surfaces steam-cleaned to ensure that as much dirt, grease, and germs have been blasted away.  
     

  • Any flooring projects you would like done would go more smoothly if completed before living there.   
     

  • Have a look at electrical outlets in each room and add or move them as needed. Consider upgrading outlets to include USB plugs as well, making it more convenient to charge your gadgets. 
     

  • Call an HVAC repair person and have the AC unit thoroughly cleaned and ask if they offer a service plan so that you do not have to schedule this twice per year. 
     

  • If getting new toilets is not possible, at least purchase and install new seats.  In case the bolts are stubborn, The Family Handyman offers some help in getting the old seat off. 
     

  • The security system should be up and running before moving, so check any existing installations and decide to upgrade or not. Get the internet connection established so you can test everything so it will be ready when you bring your belongings. 

 

Any major renovations to the house would make life easier for you and your family if they are finished or nearly so by the time you are ready to move in.  Otherwise, stay a while before you decide if the remodel is exactly what you need.  Once the big things are done, enjoying your new home, and getting to know your neighbors will be the number one priority. 

 

Courtesy of Chester County PA Realtor Scott Darling.

Photo credit: locksmith nowra

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Tips for Buying a Home in a Hurry

Tuesday, February 25, 2020
by Scott Darling

Sometimes your circumstances change, and you find yourself needing to buy a home ASAP!  In the past, you’ve looked at houses for a month online before you start actively looking, taking your time to find an agent.  Now, however, your new job needs you as soon as you can get there, but how quickly can you buy a new house?  Faster than you think if you follow these tips! 

 

 

     

     - Find a buyers agent that has a reputation for handling sales efficiently. You want someone who understands your need to buy quickly, but who will also make sure you're not making huge mistakes in the process. 

  • - Make sure your credit score is in good standing, and gather all paperwork necessary for the lender:  tax returns from past years, current pay stubs, bank statements, documentation for rent payments if you’re a renter, gift letter if someone is gifting part of the down payment, and proof of any assets you may have. 

  • - Don’t just get pre-qualified for a mortgage--get pre-approved.  This way, you’ll know exactly what you can afford, and when you make an offer, the seller will be certain you are serious about buying the house. 

  • - You might have to forgo the perfect house dreams, but don’t sacrifice your must-haves.  That said, not being extremely picky with what you want in a house will see your success a few steps closer.   

  • - When you talk to your agent, ask them to look for homes that have been on the market for a while.  This may give you some leeway in the offer process because the seller is likely somewhat anxious to sell. 

  • - If you have any equity in the home you will be moving from, and you don’t want to lease or rent it, selling as quickly as you are able will give you a head start on the purchase of a new home.   

  • - Be prepared to put your belongings in storage if you do sell before you buy, and talk to friends or relatives about staying with them temporarily. 

  • - You’ll want a transaction without a lot of contingencies so there isn’t a lot of time-consuming negotiating, but be careful about what you are willing to let go to buy the property.   

  • - Don’t go AWOL during the process--sure you’ll be busy getting packed up and prepping for a move, but you need to be available to your agent so no time is wasted.   

 

The best tip is to get started as soon as you know you have to move--the more time you have to take care of buying a new home, the better the outcome will be, saving you time, money, and future headaches.   

 

Courtesy of Chester County PA Realtor Scott Darling.

Photo credit: barnes and noble

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