Thinking Of Selling Your Home? Don’t Fall Prey to These 10 Myths
Home sales are often complicated. Even if you do your due diligence, there may be a few things that you think are true that aren’t quite what you thought. Here are ten misconceptions that a lot of people have when it comes to selling their home.
1. The Only Right Way to Sell Your House is With a Real Estate Agent
There are several ways that you can sell your home these days including traditionally with a real estate agent. Today’s technology means that there are several options including instant offer services, our Sell & Stay program, and FSBO with easier access to the resources you need through the internet.
2. You Have to Upgrade to Sell Your Home
People sometimes assume that they’ll need to upgrade the dated areas in their home to sell it, but that’s not necessarily the case. Plenty of buyers and programs will buy your home as is, and the value doesn’t necessarily need to suffer too much for it.
3. You Want a New Home so Selling This Be Emotionally Easy
The prospect of leaving even a home that you absolutely hate isn’t always easy. There are a lot of emotional ties to factor into the equation. Sometimes leaving your home can be emotionally taxing, even if you’re truly ready to move on. If you’re not really ready, it can make leaving heart wrenching.
4. Listing a Home is Only a Realtor’s Job
While an agent’s job is to list the home for sale, there’s a lot more to it than that. You may need to gather pertinent paperwork, do small repairs, make sure your home is clean, and any number of other tasks that come up. When it comes time to show your home, you’ll have to find another place to be, which can be tricky with kids and pets.
5. You Know How Much Your House is Worth
Lots of people assume they know how much their home is worth. They paid for it, and surely it has increased in value, right? Not always.
6. You Won’t Need to Negotiate Since the Market is Hot
Just because a home is a hot commodity doesn’t mean that a seller won’t have to negotiate some. Buyers may want you to accept a specific financing offer, or they may want to keep the buffet. There’s often still negotiation to be carried out, even when getting an offer isn’t a problem.
7. The Market is Moving Quickly and That Means You’ll Sell Your Home Quick
The hot market doesn’t necessarily mean that selling your home will happen in a snap. Sometimes a home just doesn’t have what sellers in the area are looking for and it takes a while to get a decent offer.
8. Listing As-Is Means No Work for You
If you list your home as-is to make it less of hassle, you may be sorely disappointed. There are still things that may need done for the home to comply with many buyers’ financing, and many agents will insist that you take time to make the best of the home you have by cleaning and decluttering.
9. You Can Take Any Repairs that Need Done Off the Price When Listing Your Home Conventionally
Like we talked about in #8, there are some things that may need done so that your home can be financed, and projects left undone can be a real turn-off for potential buyers, as well.
10. You Must Leave Your Home When You Sell It
It seems obvious, right? If you sell your home, whether you’re doing it because you want to or because you must for financial reasons, you’ve got to move out. Wrong! With Sell & Stay, you can have your cake (or equity) and eat it, too.
If you’d like to look at selling your home without moving out, contact us to learn more about our Sell & Stay program.
Tom BurchnellProduct Marketing Director
Tom Burchnell, Director of Digital Product Marketing for EasyKnock, holds an MBA & BBA in Marketing from University of Georgia and has 6 years of experience in real estate and finance. In his previous work, he spent time working with one of the largest direct lenders in the SouthEast.