4 Home-Selling Myths You Should Ignore Stormberg Group Blog

4 Home-Selling Myths You Should Ignore

Selling your home is no walk in the park, and friends and family members will begin sharing their advice when it comes time to sell. However, what you’ll soon find is that everyone has differing opinions about the home-selling process. For example, selling their home during springtime might have worked for them, but it doesn’t mean it’s guaranteed for you. Here are four home-selling myths and advice that you should ignore.

Only list your home during spring.

The thing about home-selling is that it depends on several factors. The market will be different from one area to the next, and the buyer pool can also be unpredictable. This is why the old adage about only listing your home during the spring is not always beneficial. Sometimes buyers are looking for a home right after the holidays in January or buyers looking to avoid the competition will look to shoulder seasons. Trust the knowledge of your realtor to steer you into the best listing time.

You should overprice your home to get more money.

When buyers are on the hunt for their next home, they’re going to shop around, which means they’ll be looking at home comparables. And if they see that your home is outrageously priced compared to similar homes in the neighborhood, your house won’t be on their lists. This of course means that you have to price your home correctly the first time by looking at home comparables that are similar to your square footage, age, etc. if you truly want to get the most for your home.

The longer time your home is on the market, the higher the offer.

As a seller, you don’t want your home to be sitting on the market too long. Your home will become stale on the market and buyers will start asking questions, wondering if there’s anything wrong with your home that’s causing it not to sell. The opposite is actually true for this myth: When your home lingers on the market for longer, the offers will be much lower.

You’ll surely find your buyer at your open house.

According to the National Association of Realtors’ Quick Real Estate Statistics, only 7 percent of buyers found their home from a yard sign or open house sign. This means that the chances are pretty slim that you’ll end your open house with a sure buyer. The next time your friend or relative tells you that you’ll find your buyer at your open house, you can share this statistic with them. Even though this statistic is low, this doesn’t mean that you should necessarily forego open houses altogether. Consult the assistance of your trusted realtor to see if an open house will be beneficial for you or not.