When selling your home, especially for the first time, you might not know where to start or who to ask. Of course, we have family, friends, and co-workers that we can turn to but even the best information can be second hand and not quite “true”. So, when it comes time to list your home, you’ll need to separate fact from fiction.
We’ve compiled a few real estate myths about selling your home and gathered the facts so you can be confident and on track to selling your property.
Myth #1: A home’s exterior isn’t as important as the interior
Truth: Home buyers will usually make an initial judgment of a home-based simply on its exterior. Therefore, curb appeal is very important.
“A lot of buyers search online or drive by properties before they even enlist my services,” says Bic DeCaro, a real estate agent at Westgate Realty Group in Falls Church, VA. “If the yard is cluttered or the driveway is all broken up, there’s a chance they won’t ever enter the house — they’ll just keep driving.”
The good news is that it doesn’t cost a bundle to improve your home’s exterior. Start by cutting the grass, trimming the hedges and clearing away any clutter. Then, for less than $50, you could put up new house numbers, paint the front door, plant some flowers or install a new, more stylish porch light.
Myth #2: You can do it solo
Truth: The truth is you can but you are in for a world of headaches and stress. Just to begin, ask yourself these questions:
Do I know the value of my home in today’s market?
Am I ready to work with a buyer’s agent?
Will I take charge of sales and marketing responsibilities?
Can I bear the criticism of my home?
Am I willing to screen potential buyers?
Am I able to take endless calls and meet potential buyers at any given point to ensure the sale of my home?
If you try to sell on your own, you have to do all the hustle—and there’s a lot of hustle to marketing a home. Plus, who’s going to weed out the creeps and the nonserious buyers? A Realtor® does the heavy lifting—to attract the right kind of buyer, sift out the ones you would never want to do business with, and negotiate the heck out of potential offers to get you the best possible deal.
Myth #3: You must make major repairs
Truth: A new front entryway will go farther to selling your home, at a lower cost to you, than installing a new roof. Of course, if certain repairs are required, you must do them. However, if you feel like you need to sink a ton into repairs to enhance your chances of selling, tap the breaks. Small things like fresh paint on interior walls will make your house more appealing than sinking a lot of money into new bathroom sinks.
Also on a side note, large renovations are unlikely to add tremendous value, or simply break even, with the sale of your home.
There are so many things to consider when selling your home and so many questions to answer. These are just a few real estate myths about selling your home that you don’t have to worry about! If you’re looking to sell your home with confidence and expertise, call us today and let one of our agents guide you through the process!