Selling a home is a big task. There are a lot of small details to ensure you don’t skip over and lots of paperwork to be filled out. Although the home selling process can become a bit overwhelming and stressful at times, the last thing you want to do is add to that stress by believing some common home selling myths.
When you’re ready to place your house on the market, you should be aware of what these common myths are. In the guide below, you’ll find several home-selling myths you should be aware of before you sell your house. Continue reading to get started!
Overpricing Means a Better Deal
Some homeowners believe that if they overprice their house for sale, it leaves more room for negotiation. Homeowners who overprice their house are hoping for a larger selling price, but this isn’t the case. Pricing your house too high can actually do the opposite.
An overpriced house might sit on the market much longer than a fairly priced one, which means you’ll eventually need to bring the listing price down and potential buyers now see it’s been on the market for a while. If you want to sell your home quickly, it’s best to list it at a fair price by comparing the prices of other homes similar to it and in the same neighborhood.
Complete Kitchen and Bathroom Remodels Have a High ROI
Before selling a home, many homeowners know that updating a kitchen and bathroom can lead to a high ROI (return on investment). Although this is true, it’s simply that: an upgrade. Avoid doing a complete kitchen and bathroom remodel in the house you’re going to sell.
A full remodel can be costly, and you may not see a high ROI. However, if you make simple upgrades to these rooms, such as hardware replacement and cabinet refinishing, then you very well might see that high ROI you’re looking for.
You can also consider someone who buys houses as-is for cash, such as those at www.urbchicago.com. Selling to a cash buyer can save you time and you won’t have to worry about making any upgrades to the house.
An Agent With the Lowest Commission Rate Is Best
Some homeowners also believe that choosing a real estate agent with the lowest commission rate will be the best option for them. However, this is not always the case. A real estate agent can have a significant effect on how quickly your home sells and the price.
For this reason, you want to do your research and choose the best real estate agent who has the experience and is reputable. Once you find a few good agents, you can then compare fees.
It’s Time to Set These Myths Straight About Home Selling
If you’re ready to put your house on the market, then it’s time to set these myths straight about home selling. Use the helpful information above to guide you through the selling process.
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