Whether you are hoping to buy a new home or moving to an entirely different part of the country, selling your home can be an overwhelming process. From finding an agent and staging the home to going through the motions of showing your home to numerous potential buyers, it is easy to see the challenges. Unfortunately, believing a few common myths about the selling process can make the ordeal even more stressful. This guide will help you learn the truth behind a few common myths regarding selling your home.
You Know the Home's Value
You, the owner, understand the value of the home more than anyone. Actually, that is not entirely true.
While you may know how much money, time, and effort you have put into the home, the actual value will be based on facts, not on emotions and your opinion.
Determining the actual value of your home will involve pulling comparable properties that have recently sold. Your real estate agent will use what these other homes have sold for, adjusting the price based on discrepancies, and come up with a market value that your home can realistically be sold for.
You do have the option of setting the price you want to sell your home for, but your agent will offer their professional opinion, which should be used since they have the knowledge of current market values.
There Is Not a Right Time to Sell
Many people also believe that timing is not actually important when it comes to listing and selling your home.
Of course, it is important to remember that there are instances where you cannot plan when you need to move. For example, if you are being relocated for work, you may need to list your home and sell it as soon as possible.
To maximize your profit, reach a larger number of potential buyers, and sell quickly, the first half of May is the best time to list. Recent reports showed homes listed during this period sold two weeks faster and at a price about $2,500 higher.
This timeframe may be more effective for selling because more people are moving during the summer season or because homes seem to look and feel their best after spring cleaning and new spring landscaping.
If you are selling your home, proper understanding is essential. By understanding the truths behind these common myths, you will be able to sell your house in a more profitable, efficient, and stress-free manner.