If you are planning on selling your home there are various
things to consider – including separating fact from fiction!
For whatever reason, most information related to home selling that can be found online (and offline) is taken at face value, and even though completely unsubstantiated, it is assumed to be correct.
Everyone has advice about the real estate market, but not all that unsolicited information is true. So, when it comes to time to list your home, you will need to separate fact from fiction.
When selling your home, you will hear varied advice from
co-workers, friends, or relatives. They may be well-meaning, and some of their
advice may be true, but you are bound to hear untruths and myths that could put
your real estate project in jeopardy.
Here is a look at a few home seller myths in case you have
been indecisive about putting your home on the market:
property’s selling price is set by the seller
Of course, as the owner, you will know that your home is
valuable. However, the actual selling price will be subject to market
conditions, the property’s location, and its size. To arrive at a successful
sale, you do not want too much of a variation between the initial asking price
and final selling price.
I do not
need to have good pictures for my listing
The internet is like one big online open house where buyers
from all over the world come to browse. Make sure your home is represented well
with great photos and an accurate listing description. Listing syndication and
a dedicated single property website will help your home stand out too.
a home results in higher prices
Although many sellers think that this is the best approach to
selling it could result in your home staying on the market for longer. Coming
onto the market with an overpriced property will only result in it getting
stale – potential buyers will think there is something wrong with it. Selling
an overpriced property will eventually result in a lower sales price than that
which the house may have fetched if it were priced correctly from the
exterior is not as important as the interior
Yes, the inside of home is very important especially when it
is on the market, but that does not make the outside less important. Home
buyers usually make snap judgements from the outside before they go inside,
therefore your home’s curb appeal is extremely vital. If a potential buyer
happens to drive by your house unexpectedly and finds the garden cluttered or
the driveway all broken up, there is a chance they will not ever enter the
house — they will just keep on driving by.
Your house will sell itself
This is, by far, one of the most dangerous myths of all when it comes to selling a house. If you believe this, you could decide not to hire a good real estate agent; not to spend on marketing; not to fix problems, or be flexible with your price. A home that is not selling can cost you a lot of time and money and increase your stress level. Before putting your home on the selling block, prepare to understand what it would take to sell your house successfully and go the extra mile.C
Knowing the facts will hopefully give home sellers enough ammunition
to avoid the pitfalls caused by these myths and arrive at a successful home
sale. Selling a house is stressful and difficult. By getting rid of these myths
about selling a house, you can make your real estate transaction work better
PropertyFox, which charges only 1.5% in commission or a minimum of R35,000 (whichever is higher) – has saved customers up to 80% in fees.