Selling your house is no easy task, and the last thing you want to do is head into the process with the same misconceptions other sellers have. Without a full understanding of what to expect and what you should do, you may end up with a home sitting on the market for months or getting less for your property than you should. The local real estate agents at Lawrence Realty in Red Wing, MN, have addressed a few of those dangerous home-selling myths below.
3 Myths About Selling Your House
1. You Can Do It Yourself
Some homeowners who want to avoid paying agent fees think they can list their home without the help of a professional. However, there’s much more to the process than posting an ad and hoping the right seller will come along. It’s extremely important to have the help of a professional. Real estate agents will take the steps to price your home properly, help you prepare it for market, advertise it leveraging their network and resources, weed out the wrong buyers, negotiate on your behalf, and handle all the complex paperwork and legal requirements.
2. You Don’t Need to Prepare
A lot of effort — and usually money — goes into preparing a home for market, which is why some sellers try to avoid it. However, this small upfront investment is worth your while. Some cleaning, staging, and improvements will significantly impact your home’s perceived value for buyers, and it may be the difference between buyers falling in love with it or forgetting about it altogether.
3. You Know Your Home’s Value Best
When you have an emotional attachment to something, it’s impossible to look at it objectively. You cannot determine your home’s value based off what you paid for it 10 years ago or what an online resource says it’s worth. While online estimates can be a useful guide, you should never accept them at face value. The only way to determine your home’s current market value is to have a real estate agent conduct a market analysis. They will look at recent comparable sales of real estate listings and make adjustments based on your home’s unique features to recommend a fair price.
If you’re planning on selling your house, the best step to take for your peace of mind and financial future is to work with the experts at Lawrence Realty. They have experience in the local area for almost seven decades and will guide you through the complex process with ease. Contact them at (651) 388-4745 to schedule a consultation with one of their professional, and find out more information about selling your home online.