home insurance

The Best Time to Sell Your Home

best time to sell your home

Certain times of year are better than others to list your home for sale. Although the markets seem to be booming no matter what the date you sell, there are some simple protocols to follow to ensure that you not only sell your home promptly but that you get top dollar. Follow these simple guidelines around the best time to sell your home and you should see great benefits.

Winter, Spring, Summer or Fall?

Overall, springtime is the best time of year to sell your home. Further to squareoneinsurance.com, the weather tends to be nice so you can showcase your yard in full bloom, and the pool of buyers is plentiful due to no significant seasonal holidays or events. People also get tax refunds in the spring, which contributes to a more positive and flexible financial situation. Further, moving in the summer is preferable, thanks to lovely weather and flexibility of schedules.

The second choice would be autumn, just after Labor Day. The weather at this time of year is still decent, and people are adjusting back to the rhythm of life after the lazy days of summer.

The two least desirable times to sell your home would be winter and summer. Winter is challenging because of the holiday season. Many people are away or too busy during the winter – especially during Christmas – to entertain the idea of looking for a new home. Thus, your pool of buyers depletes.

The same goes for summer, as many families take off on holidays during July and August or take on home improvement projects. Both these times of year mean that it may take longer for your home to sell, which can be inconvenient and costly.

Best Months for Selling your Home

If you want to be even more analytical about it, there is also the best time of the month and even the best day of the week to list your home. According to statistics, your best bet is to list a few days after your monthly mortgage payment comes out. That way, if you sell quickly, your next payment should be your last.

The best day is up for debate – some realtors like to list homes on Thursday so people can plan their weekends around open houses and potential bidding wars. Others prefer to list homes on Fridays, where people are more open to new possibilities and feeling upbeat about the work week ending.

Regardless of the day you choose, the consensus seems to be that Mondays are a poor choice, as people tend to be less focused and still adjusting to the weekend being over.

How to Sell your Home Smoothly

Whether you choose to list on a Monday in December or a Thursday in April, there are some important things you can do to ensure the sale of your home goes smoothly:

  • Ensure your realtor has a solid understanding of the “pulse” of the market.
  • Stage your home so that it is presentable, and the buyer can image him/herself living there.
  • Don’t price your home with a zero ending the price. Strangely enough, many buyers perceive precise prices as being lower than those with a zero on the end.

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Tenant Insurance Protects University Students From Risks

Tenant Insurance Protects University Students From Risks

tenant insurance for university students
If you are accepted into a university that allows students to live on or near campus, the choice to become a resident is an exciting one – but it can also be an expensive one, especially if you don’t take the proper precautions to protect yourself with tenant insurance for university students.

University life includes a lot of expensive equipment – a computer, a phone, an iPad, and any other gadgets that come with study. All of these gadgets, as well as all the other items in their possession, come with a need for rental and liability insurance, which, if opted out of, can leave you in the financial lurch.

Common Myth About Tenant Insurance for University Students

There are some common myths when it comes to insurance and coverage around renting, such as:

    • My landlord’s insurance will cover me
    • My roommate’s insurance will cover me
    • Nothing will happen to me; my stuff is safe
    • Insurance is too expensive
    • My parents’ insurance will cover me.

While your parents’ insurance may cover you (look into it before purchasing your own insurance), all of the other above points are false. The reality is that theft is an occurrence that can happen to anyone, and rental insurance is just too affordable to pass up on.

Further, if your possessions contained in the rental property are damaged or subject to theft while you live there, you won’t be covered by your landlord or your roommate, leaving you to pay for replacements.

Why You Need Rental Insurance

If you’re a college or university student that is considering renting, check out these top reasons why you should purchase rental insurance:

  1. It’s easy and affordable! It usually costs less than you think – often less than a cup of coffee a day. Not only is it affordable, it may be covered under your parents’ policy – but not always, so make sure you check.2
  2. It protects your possessions. This usually even includes theft of your stuff outside your home: this means if someone steals your laptop from the library, it will be covered. It’s also just good to have, as we all tend to own a lot more stuff than we think, and it can be quite expensive to replace it all if it was damaged in a fire or otherwise. On a side note here, when purchasing an insurance policy, be sure to keep an updated list of everything you own; in fact, taking pictures or video of your belongings is a very good idea to track what you’ve got.
  3. Insurance covers additional expenses after a loss. So if your home is damaged by fire or flood and is uninhabitable, you will likely be covered if you need to stay in a hotel. It will also cover any expenses that you may incur while you’re displaced, such as food or toiletries.
  4. Tenant insurance also protects you if you damage other property in your building. So if you accidentally hit a baseball through the window of your neighbour’s apartment, the good news is that your insurance will cover it!
  5. A significant benefit of tenant’s insurance is that it protects you if you cause someone harm in your building. It’s not a well-known fact, but usually, renters can be responsible for the unintentional harm to others that visit their place. For example, if someone falls and hurts themselves and tries to sue you, you should be covered. This also includes the potential of a lawsuit related to your unit, and will cover you for defence costs and potentially any settlements that may occur.

In short, with all these reasons above, you truly can’t afford not to have it. If something did happen to your property, it would be a huge financial burden to deal with it. So forgo that coffee house latte every day and put that money somewhere that you’ll feel safe and protected from, gain peace of mind, and make your parents proud by showing them how responsible you are.

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Tenants Insurance – Why You’re Crazy Not To Have It

Let’s say you move into an apartment that you’re renting and you decided to have a house warming party to celebrate your new place. Everything is going great and then one of your buddies has a guest and she slips in your kitchen and smashes her head. You call an ambulance and she’s in the hospital with a very serious concussion. A week later, she’s hired a lawyer and she’s suing you because she claims the kitchen floor had beer all over the place. The fact, she claims, that she informed you and several other of the tenants that someone “could really get hurt here,” and nothing was done just adds to the negligence. And you haven’t secured any condo insurance, visit www.squareoneinsurance.ca.

What are you going to do? Where are you going to come up with the resources to defend yourself? Even if you are completely innocent and even if you don’t have any legal negligence here, you are still going to have to defend yourself. And there is a significant cost associated with this.

ontario-tenants-insurance

Okay, let’s say you don’t have parties…but you do ski. So, you find yourself out on the slopes and the conditions aren’t great. But you’re a pretty accomplished skier so you keep going. Then, you crash into a group of skiers down at the bottom of the hill and end up breaking a leg and collar bone of one of the bystanders. Same scenario here…what if this person decides to sue you?

Everyone often thinks about home insurance and whether or not they need it simply based on how much value they place on the property they own. The largest population that doesn’t actually secure coverage are younger demographics. They mistakenly think that…hey, I don’t own very much…what’s the point in purchasing home insurance. In reality, the things they own and would have to replace in the case of a catastrophic disaster are much more than people realize. Think of the electronic goods, in the form of computers and sound systems that are common place among the younger generation. Lose those and you could be out three to five thousand dollars. And imaging the cost of replacing those designer clothes…and furniture. Again, these costs really add up and it can often be quite shocking when one learns that everything they own is gone and now has to be replaced.

The other thing that has already been touched upon is the liability issue. It’s one thing to have to replace everything you own…it’s another thing entirely to have to fund a legal defence. Or worse, to have to compensate someone because of a legal ruling.

The cost of tenant insurance is relatively small. You can always increase your deductible to save even more money on your premiums. But considering all the risks associated with not getting any coverage, it just doesn’t make sense to go without a proper home insurance policy.

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