When you decide you want to sell your home, you may realize that there is a lot of misconception associated with the process. No one who is serious about selling their home in West Texas – or anywhere, for that matter – wants it to sit on the market for an extended period. We’re breaking down common myths and facts to help home buyers avoid losing money over time.
Let’s take a closer look:
Myth or Fact?
Selling your home as is will be quicker
Sure, it’s easier just to clean up a little but otherwise leave your home as is. You might even think the home-selling process will take less time overall if you do so. But that’s a great big myth.
The fact is, preparing your home properly beforehand can be the main difference between selling it quickly or watching it sit on the market for months. There’s a lot of competition out there when it comes to selling homes and you need to make sure your house stands out from all of the others.
Many real estate experts suggest looking online at other homes for sale in your area, as well as attending open houses. Properly “staging” a home, will help highlight the possibilities in a way that’s attractive to a wide range of buyers.
Pricing it right
It sounds obvious, but setting the right price for your home from the beginning can reduce the time it takes to sell your house. The best time frame for selling your home is usually within the first couple of months of it being on the market. The fact is, pricing it competitively from the start will attract more potential buyers and could create a bidding ‘war’ that pushes your closing price higher than its original listing.
The myth in this scenario is setting your price high and then worrying about lowering it if you don’t attract buyers in a timely fashion. By the time you lower the price, you’ll have already scared many buyers away for good, while causing others to wonder why the price suddenly was lowered.
Sell your home in the spring and summer
There is some truth and some myth to the notion that homes sell faster when listed in the spring and/or summer. It’s true that potential buyers are often more active in the spring when the weather’s nice and it’s before summer vacation, but it’s also true that any season could be best – depending on the market. You’re also likely to face less competition in the winter and might just see your home sell faster than expected.
Listing your home online can help sell it faster
There’s no myth to this strategy. Double check to make sure that your real estate agent has listed your home on Zillow, Trulia, and Realtor.com, as well as on social media. A surprising number of homes sell because of a Facebook listing.
Multiple photos that were taken with a quality camera (and not with you or your agent’s cellphone) will make your listing stand out from the rest.
I can find a real estate agent as soon as I’m ready to list my home
Myth! It’s important to contact a real estate agent as soon as the thought of selling your home crosses your mind, not just as you’re getting ready to put it on the market. For one, you’ll want to talk to various agents to find one you’re comfortable working with and who knows the ins and outs of preparing your home for the sale. A good agent also will have insight into the local market.