7 Common Myths Most Home Sellers Believe
The real estate industry has many myths that have been repeated long enough to become truths. You are more likely to fall for these myths if you are new to the industry or do not pay enough attention to sieve truths from falsehoods.
But not anymore—or not on our watch. Read on to learn about the seven biggest myths home sellers tend to believe in the property industry but are entirely false.
Do Not Believe These Myths As A Home Seller
If you put your Saint Johns, Florida homes for sale, you will most likely be faced with at least one of the following myths. You should pay no mind to them because they are far from the truth.
1. You can do it on your own.
The temptation to DIY your home sales process can be really strong. You think about how much you can spare by avoiding seller fees or how fast the process can be because you are not waiting for anyone’s recommendations. Do not get carried away with these supposed benefits because trying to sell your home on your own will overly stress you and reduce your chances of being successful at it.
You need professionals to help you with different stages of the process, including marketing, separating unserious buyers, negotiations, and closing the deal for your Shearwater homes for sale.
2. High prices give you a negotiation advantage.
Many players in the Saint Johns Florida real estate system believe they have more room for negotiation when they set high prices. This is untrue. In reality, most buyers are put off by homes priced above the market value. A usually high asking price will discourage more buyers rather than encourage them. Most frustrated home sellers lower their formerly high prices to attract buyers.
Ensure your selling price is set reasonably in line with your home’s value and the realities of the current market.
3. It is always the seller market.
If we strike out the two most recent global economic meltdowns, it is safe to say that the property market has consistently risen over the last few years. However, if there is anything we have learned from these economic downturns, it is the fact that nothing is predictable—not even the real estate market. You should not expect the market always to favor you as a seller because it will not.
The reality is that real estate values can and do fall at some point. Even if it is rising now, it is not immune from falling.
4. You either do drastic upgrades or no upgrades at all.
Except you are selling Shearwater new construction homes, selling your home as is will most likely be a wrong move. Home sellers often believe their home is in great shape and will fly in the market, so why bother to improve? This is a myth. In reality, your home needs some necessary changes to help you maximize profits. These upgrades do not have to be drastic—simple improvements to your kitchens, doors, floors, and walls can and will go a long way.
If you are unsure where to start, this article provides home improvement tips to boost your potential ROI. .
5. Home values from online listings are accurate.
There are several tools online that help calculates the value of your home. You will also find tons of online listings of houses in your neighborhood. Combining these two tools can give you an idea of what your house should go for in the market. But should you work with ideas rather than accurate figures?
How you price your Saint Johns Florida real estate property should depend on factors like current condition, renovations, amenities, assets, neighborhood, and age. Therefore, you need more than listings and home valuation tools to arrive at accurate numbers. We recommend working with a Jacksonville realtor instead.
Looking For A Realtor In St Johns?
Sarah Schwarz is experienced real estate agent that can guide you through the entire process, ensuring you sell your home at the best possible price with no stress whatsoever. I serve people living in Silverleaf St. Johns with customized real estate solutions that leave them 100% satisfied.
Contact a St Johns realtor today to discuss your needs.
