If you are looking to sell your home, you may be tempted to fall for one of the many myths surrounding the real estate market. This is especially true in today’s seller’s market. Here are four of the most common home-selling hopes and dreams that are actually myths that you need to watch out for.
You Will Easily Sell Your Home in Three Days: Because of the hot market, many home sellers have been led to believe that they will field multiple offers and sell their property in just a few days. The truth is that there are very few properties that are able to sell after just a few days on the market. This generally only happens when the home is located in a prime location and is in perfect condition. Properties that are not in pristine condition and are listed in a higher price range will likely linger a bit.
You Are Not Required to Make Necessary Repairs or Upgrades: While there are a handful of buyers that love to dive into a renovation project, most prospective buyers are not keen on having to make major changes to a home. It is usually good practice to make any necessary repairs or upgrades before you bring your property to market. Prospective buyers may be hesitant to put an offer on a home that needs a lot of work. This is particularly true today with construction costs skyrocketing due to the supply chain challenges. The key is figuring out what repairs and upgrades will yield the greatest return on your investment.
You Can List Your Home for Top Dollar: Many home sellers make the mistake of pricing their property with their hearts. Just because the home has meant so much to you over the years, it does not mean that a stranger will see this value. Do not be tempted to price your home too high just to see if it will fetch top dollar. A seller’s market does not mean that you can take advantage of the conditions to squeeze more out of your home than it is worth. Instead, you want to pick a realistic number that is in line with what comparable properties are selling for in your neighborhood.
You Can List Without a Professional Realtor: Even in a sizzling market, it may be harder than you think to sell your home on your own. In addition to the financial and legal considerations, you do not have access to the marketing and promotional materials that a professional realtor enjoys. There is a good chance that you will leave money on the table if you do not trust this job to an expert.
A qualified real estate agent in Central Florida will be able to walk you through the process of listing your home and help you to debunk any myths that might prevent you from getting the most money for your property.