Ready to Sell Your House? Avoid These 5 Selling Myths
The time has come for you to sell your house. Whether you are moving because you have to or because you want to, the selling process is not always an easy one.
Many homeowners believe all they need to do is put their house on the market and the offers will start rolling in. The truth is, even in a seller’s market, it still takes a lot of work to get your house sold.
If you are ready to sell your house, avoid these 5 house-selling myths.
You Know the Value of Your Home
Homeowners have a hard time determining the correct market value of their house because they have an emotional attachment to it. Buyers are not making decisions on how much to spend based on the good memories of the seller; they are only looking at the physical properties of the house.
When you are ready to determine an asking price for your house, you will want to look at the comps in the area to see what the market says. You do not determine the value of your house when selling, the market does.
Selling “As Is”
Just about every house out there could stand to have some maintenance work done to it before selling. If you try to sell your house “as is” you put a red flag out to buyers that there are potential problems with the house and that they should offer much less than the asking price.
You Need to Make Major Upgrades
When getting ready to sell your house it is helpful to make small upgrades to help your house show well to potential buyers. Upgrades do not need to be drastic. You do not need to do a complete overhaul on your kitchen to transform it into a commercial grade kitchen. However, try making simple upgrades to things like the cabinet hardware, paint, faucet or lighting fixtures.
Spring and Summer are the Best Times to Sell
These seasons are a great time to sell, but they are not the only time to sell. Many people believe that they should sit on their house until spring comes along before trying to sell. Houses sell all year long.
While the busiest time tends to be while school is out for the summer, it doesn’t mean that is the only time to sell your house. Houses can sell well in the fall and winter when there is less competition on the market and still buyers looking to make a move.
Online Home Estimates are Reliable
Feel free to use the online home estimates that you can find as a starting point of what your house might be worth, but don’t fall into the trap of believing that this number is completely accurate. There are a number of factors that go into determining the value of a house and online algorithms cannot account for them all.
Selling your home can be an overwhelming and emotional process. To help the sales process go as smoothly as possible avoid buying into these five myths.