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Here are a few myths about the market that you shouldn’t believe.
If you’ve been entertaining the idea of a home sale, there are five myths that you might be hearing, and I’m here today to share the truths behind them:
Myth No. 1: You can overprice your house, and it will still sell. This is simply not true. We have a very limited supply of homes, but consumers are educated. When you overprice, they know it – they may even skip over your home entirely.
Myth No. 2: You can sell your house as is. Technically you can do this, but if you do, you’re telling consumers that something is wrong with the home. You should be willing to negotiate repairs as a home seller.
“If you don’t make repairs, it will be reflected in your offers.”
Myth No. 3: My house will sell in just a few days. While there are certainly cases of homes selling the day they’re listed, it takes around 20 days to get an accepted offer. Accepting the first offer you receive isn’t always wise. You want to expose your house to the most number of buyers before you take it off the market.
Myth No. 4: I don’t need to do any repairs or upgrades before showings. There are some simple, cost-effective things you can do to maintain or even increase your sale price. If you don’t do them, it will be reflected in the lower offers you receive.
Myth No. 5: I can sell without a Realtor. This sounds a little self-serving, but it’s the truth. There’s no way you’re going to market and sell your home effectively on your own unless you are a full-time agent yourself. The contracts are complicated, and having a Realtor on your side ensures you have an expert negotiating in your best interest.
If you have any questions for me about selling a home or real estate in general, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.
