Selling your home is a big decision that you don’t want to take lightly. When it comes to putting your home on the market, you don’t want to make a mistake that will end up costing you much more than you anticipated. And once you decide you want to sell your home, there are many things to think about before listing it, including the time of year (and time in your life) you choose to sell. Here’s what you should consider before selling your home, and whether or not there is a perfect time to do so.
Very few things in life can make you feel safe, proud and happy at the same time. Being a homeowner gives you these and more. You may not think about it this way, but owning a home is a great achievement. With today’s real estate prices, to afford a house is no easy feat.
It doesn’t take a genius to understand the advantages of buying a house over renting, so long as your finances can handle it. With real estate value getting higher and higher by the day, homeownership is an investment that builds equity and grows with time.
The amount of money you put into that piece of real estate property is not a joke. That said, you must do everything in your power to protect it. How, you ask? Well, learning your rights as a homeowner is a pretty good place to start.
In this post, we’ll look at five common home seller misconceptions and we’ll set the record straight on each!
1. Pricing high will leave room for negotiation.
Overpricing your house is always a bad idea.
Buyer’s agents know the market, and they can spot an overpriced listing from a mile away. When buyer’s agents see an overpriced listing, they assume the seller is either 1) unreasonable, or 2) not serious about selling. Either way, agents don’t want to waste their time, or their buyers’ time, touring the house and making an offer they think will be rejected.
So an overpriced house will sit on the market until the price is reduced. And by that time, the excitement over the new listing has worn off. Even worse, buyers might see the reduction and think the price had to be reduced because of a problem with the house.
Always price your house fairly and let the market do its job.
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