3 Home-Selling Myths You Should Ignore
When it comes to selling your home, there are a lot of myths and misconceptions floating around out there. Unfortunately, a lot of these myths can end up costing you time and money. In order to get the best return on your investment, it’s important to know what is true and what is false. Here are three home-selling myths you should ignore.
1. You don’t need to make repairs
This is a myth that can end up costing you a lot of money. Even if your home is in great condition, potential buyers will be looking for any reason to lower their offer. If you have any visible damage or defects, it’s important to fix them before putting your home on the market.
Related: What is deed fraud?
2. You should overprice your home
Many people think that they can start high and then lower the price if they don’t get any offers. However, this is usually not the best strategy. Buyers are savvy these days and they will quickly realize if a home is overpriced. This can result in your home sitting on the market for a long time without any interest.
3. You don’t need to stage your home
Staging your home is one of the most important things you can do when selling. It allows potential buyers to see your home in its best light and envision themselves living there. A well-staged home will usually sell faster and for a higher price than a home that is not staged.
Why It's Important to Price Your Home Right
Overpricing your home can be a huge mistake. Buyers are savvy these days and they will quickly realize if a home is overpriced. This can result in your home sitting on the market for a long time without any interest.
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