Many homeowners make home selling decisions based on myths that have been passed around for years, and they end up running into problems they hadn't expected. This article discusses some myths you should avoid falling for if you want to sell your home.
Myth 1: Always Set a Higher Listing Price than What Your Home Is Worth
This myth is based on the belief that buyers will make a lower offer than what was indicated as the seller's price so setting a higher listing price will result in a good purchase price. This thinking may be misleading because buyers may only show interest in homes whose listing price reflects the true value of that home. It is therefore possible that you could take very long to have someone showing interest in your home since it was given a higher price than its true value. Always indicate a listing price that reflects the true value of your home. Consult a real estate agent to advise you on how to determine the value of your home.
Myth 2: Save Money By Selling Your Home Yourself
Some people believe the myth that they can save more money if they avoid using a real estate agent. This may not be true since you will still incur the cost of advertising the home. You may also need to hire people to handle certain aspects of the sales process such as negotiating the sales contract if you do not have the skills to perform those roles. It is therefore advisable for you to hire a real estate agent so that you avoid taking on more than you can handle.
Myth 3: Renovate the Bathroom or Kitchen Before Selling
The proponents of this myth believe that you will get a better offer if you first renovate parts of your home (especially the kitchen and bathroom) before selling it. These people think that all homebuyers have the same tastes and preferences, but this may not be true. You should only renovate if the kitchen or bathroom is in such a bad state that buyers would be put off if they viewed the property when it is in that bad state. Another option could be for you to lower the price of the home in order to accommodate the cost of needed repairs.
As you can see from the discussion above, it may not always be easy to tell fact from myth. You are therefore better off dealing with professionals (like real estate agents) so that you get helpful advice that will enable you to get the best deal when you put your home on the market. For more information, contact a local real estate company like Peter Blackshaw Franchise Systems.Share