Common Home Selling Myths

Dated: July 1 2021

Views: 24

Common Home Selling Myths

 

Selling a home can be stressful and confusing, whether the market is strong or slow.  There are a number of myths surrounding the process of home selling that can result in smaller profits and a longer time on the market.  Take a look at a few of the most common myths before you list your home.

 

You Don't Need An Agent

 

Putting up that “For Sale By Owner” sign can be tempting-you can keep the agent fees and make a little more money off of your home.  But even the smoothest home sale involves a complex process that most people don't have the experience to handle.

https://vickygill.savemaxnow.com/index.php

 

A REALTOR® will help to schedule and handle showings, acting as a go-between for you and the potential buyers.  The expertise of an experienced REALTOR® can also help you to decide how to price your home, when to lower the price, which offers to consider, and which to decline.  And of course, when it comes to the hefty paperwork involved, you are likely to find it is better to let a professional handle it.

 

Open Houses Are A Must

 

Open houses are a staple of home selling, but they aren't necessary to selling your home.  An open house tends to attract a lot of people who are just curious, aren't serious yet about buying, and probably aren't pre-qualified and ready to make an offer.  Serious buyers often prefer to see a house on their own timetable so that they can look it over carefully without dozens of other people around.

 

That doesn't mean you shouldn't have an open house, but it's not a requirement to get your home sold.  A good REALTOR® will successfully market your home to serious buyers with or without the open house.

 

Renovating Will Bring A Higher Sale Price

 

While you certainly will get more interest on a house that looks good than on one in a state of disrepair, not all renovations bring the return on investment you might think when it comes to the final sale price.  As a general rule, major renovations don't have a big return on investment.

 

A REALTOR® can help you to determine which repairs and changes will increase your sale price and which are not worth the investment.  Before you start big improvement projects, be sure to research whether they are worth their weight when it comes to the bottom line-your sale price.

 

Home selling can go smoothly with the right advice and some careful research.  Before you list, make sure you're not falling into the trap of well-known selling myths.

Blog author image

Vicky Gill

I am a Real Estate Agent at Save Max Signature Realty Inc with in-depth experience in the GTA real estate market. I am dedicated to providing the highest level of representation that I can for my clie....

Latest Blog Posts

Applying For a Joint Mortgage Loan With Your Spouse

Applying For a Joint Mortgage Loan With Your Spouse  When you are ready to buy a home, applying for a mortgage is one of the first and most important steps.  For married couples, this

Read More

Handling Showings When You Work At Home

Handling Showings When You Work At Home  Working from home is more common than ever before, with many people choosing to telecommute.  Selling your home while continuing to work at home

Read More

Can A Bathroom Remodel Increase Your Home's Value?

Can A Bathroom Remodel Increase Your Home's Value? When you are planning to sell your home, a bathroom remodel may be one of the best places to increase your home's value.  Depending on

Read More

Closing Costs: Should You Agree To Pay Them?

Closing Costs: Should You Agree To Pay Them?  Many of the closing costs on the sale of a home usually fall to the buyer, who is responsible for paying a variety of fees in order to finalize the

Read More