Homeowners are often bombarded with information (and misinformation) about selling their homes. With so much advice out there, it can be tough to figure out what’s true and what’s not. In this blog post, we’ll debunk some of the most common myths about selling your home. Whether you’re thinking of putting your home on the market soon, or you’re just curious, read on to learn more!
Myth #1: Price As High As Possible
A common misconception among those who want to sell their homes as quickly and profitably as possible is pricing your property at its highest perceived value. However, pricing your home too high can actually do more harm than good. It can lead to your home sitting on the market for a longer period of time, and potentially losing value as buyers wonder why it hasn’t sold yet. It’s important to work with a real estate agent who can accurately assess and price your home based on current market conditions, comparable homes in the area, and the features and condition of your property.
Myth #2: Sell FSBO to Save Money
Homeowners believe they can save money by selling their home themselves, without hiring an agent. However this might not always work out as planned and could end up costing you more in the long run. However, studies have shown that homes sold by agents actually sell for higher prices and in a shorter amount of time. Real estate agents have access to information and resources that most individuals do not, including MLS listings, market analysis tools, and a network of potential buyers. In the end, the commission fees paid to a real estate agent are often worth it in terms of increased profits and a smoother transaction process.
Myth #3: Home Staging Isn’t Necessary
The extra effort of home staging is often overlooked by sellers who believe their properties can only be marketed on the basis its features. This opinion leads them to neglect an essential aspect in marketing, which has been proven time after again: appearance. However, staging your home can make a huge difference in attracting potential buyers and helping them envision themselves living there. In fact, studies have shown that staged homes sell for up to 20% more than non-staged homes. So, even though it may be an added expense and effort, investing in professional staging or taking the time to declutter and arrange your furniture can pay off in the long run.
Myth #4: Hire the Cheapest Realtor
When choosing a real estate agent, it’s important to consider more than just commission rates and hourly fees. Commission-based agents may get you into trouble with your buyer or seller. However, this can be a costly decision in the long run. It’s important to find a real estate agent who not only has competitive rates but also a track record of successfully selling homes in your area, good communication skills, and knowledge about the current market. Choosing a skilled, experienced agent can ultimately lead to a smoother transaction process and potentially higher profits from your sale.
So there you have it – four common myths about selling your home, debunked. Remember to do your research and work with a reliable real estate agent in order to have the most successful home selling experience possible. If you have any questions, give us a call at 562.896.2456 or get a free Seller’s Guide below.