Are you preparing to sell your home this year? We are currently in a sellers market due to low inventory levels across many parts of the country. With this, here are some of the most common real estate myths that sellers should be aware of before listing their homes.
Depersonalizing your home is not necessary
It is always going to be in your best interest to depersonal your home before you list it on the market. Many argue that this step is unnecessary; however, keep in mind that most potential buyers are not looking to buy your stuff, but your home. While removing personal items like family photographs, artwork, and other clutter can be emotional, you are making your home more favorable to potential buyers. The goal is for potential buyers to envision themselves living in the home. By removing personal items, you are helping to create a blank canvas for buyers to envision themselves living there. Buyers will always want to put their own personal touches to the home that they buy.
You are guaranteed to save money by selling it yourself
Selling a home is no easy feat. Many home sellers have a difficult time letting go of the 5% commission fee which is pretty typical today. However, what many of these sellers fail to realize is although you will need to part with a small percentage of your money, you are increasing your chances of landing the best selling price.
You can always time the real estate market
Anyone who claims they know how to time the real estate market is either lying or is mistaken. Nobody has a crystal ball and can predict the perfect time to sell a home. You could list your home during the winter, which is often viewed as a bad time to sell, and receive your asking price. In other words, it may not be in your best interest to hold off selling your home until the “ideal” time of the year. Many people believe this myth to be true and wind up missing out on opportunities.
