Are you thinking of selling your home? You shouldn’t believe everything you hear about selling, because everyone’s experience is different.
While selling a house can be stressful, it’s not all bad. And, if it’s done right, you’ll come out of the process with money you can use toward buying your next property.
If you’re considering a home sale in the near future, start preparing now — and don’t fall for these common myths while you do your research.
Myth: For sale by owner (FSBO) is a cheaper method.
You may not pay for agent compensation with FSBO, but you’ll lose out in other ways, including expertise in marketing, staging and negotiating. In fact, FSBO homes sold for a median $380,000, compared to $435,000 for agent-assisted sales, according to data from the National Association of REALTORS®.
Myth: You should price the home high.
Setting the price too high can scare off buyers, particularly if the home is priced much higher than others in the same neighborhood. We’ll work together to choose a list price that reflects the home’s condition and age, as well as sales trends in the area.
Myth: You should do lots of renovations.
Some carefully chosen updates can be smart, but you don’t want to pour too much money into the home right before selling. Stick to necessary repairs and renovations that you know will add value to the property.
Myth: You don’t have to make any changes.
You definitely want to fix any major issues and things that are visibly in poor condition. Consider getting a pre-listing inspection to identify potential problems so that you can get them fixed before the sale.
If you plan to sell your house or need help with a home purchase, reach out today.
