So, it has come time to sell your home. You may think you know everything there is to know since you went through the process of buying it, right? You just call a Realtor and put it on the market? If only it were that simple.
Here are some common misconceptions about selling your home.
Myth #1: You can sell by owner
We know how tempting it can be to try to avoid those seller fees.
However, the whole process from listing your home to the Real Estate transaction should involve a professional to make sure the job is being done right.
Not only will a Realtor get you top dollar through negotiating, they can bring in serious buyers and weed out those who are fishy.
Myth #2: You know what your home is worth
Putting your home on the market is a very personal decision, and a lot of things have probably changed since you bought the home.
Unless you have extensive Real Estate knowledge, it will be hard to navigate the market trends and comps in your area.
An agent will be able to properly help you determine the value of your property.
Read more about determining how much your home is worth.
Myth #3: You can sell your home as is
Chances are you have lived in your home for at least a few years. There are many “quirks” that may have gone unnoticed since you have learned to live with them.
Squeaky floorboards, missing cover plates, sticky doors, and dirty grout are just a few things that may go overlooked and will be a turnoff to a potential buyer.
Myth #4: Upgrades need to be drastic
This is not always the case. While a bathroom or kitchen remodel can help your chances of selling for top dollar, it does not have to be an extreme home makeover.
You want to be sure you are installing upgrades that will appeal to a large variety and not just your interests. After all, you are moving out anyway. Only replace items that need it such as appliances or dirty carpeting. Cabinets can always be painted over if they are still in good shape, and any changes in flooring or countertops should be as traditional as possible.
Additionally, you may not even need to upgrade your home. Sometimes, it’s just a matter of proper staging. Here are some good tips on how to wow buyers with your bonus room.
Myth #5: Spring is the best time to sell
Spring is said to be the best time to buy and sell a home since the school season is ending and families are moving during summer break.
However, the best time to sell a home is when the market is at its hottest. Depending on the region you are selling in, this can be at any time of the year.
According to market trends post-pandemic, this summer is looking to be a hot home buying season!
Myth #6: Home Value Estimate tools are 100% accurate
Although these tools are a good starting point, they likely will not tell you everything you need to know.
There are so many variables involved in a home sale and not every property is the same. A comparative market analysis offered by a local Real Estate agent will give you a better understanding.
It is important to choose a local Real Estate agent because they will know the Real Estate market in your area. They can guide you in the right direction when it comes to putting a value on your home.