There can be oversight when preparing to put your home on the market. Simple misconceptions and myths about putting your home on the market can influence your expectations of the selling process. Allowing your real estate agent to act as your guide can serve you well in clearly understanding how an expected home selling process should go.
- Home Update Costs
One of the most overlooked aspect when selling a home is taking into consideration the number of home updates and renovations needed for the new owner to move in. Many buyers can be intimidated by committing to a new home with needed improvements. Move-in ready homes have a better chance of getting a decent offer.
- Cutest Baby Complex
Everyone believes that their baby is the cutest baby in the entire world. This can be the case with houses. Homes that have been lived in for quite some time have an emotional connection to the owner. This emotional connection is only of value to the owner, not the potential buyer. A homeowner’s property value is always a bit skewed. Home value really comes down to market forces of supply and demand.
- County Appraisal District’s Value
Many sellers also tend to forget the original square footage of their property so looking at the county appraisal district’s website gives a more authentic sales price. This price is calculated by multiplying the area sold by the price per square foot.
- The Power of Staging
Some sellers are unwilling to have their homes professionally staged to look appealing to potential buyers. A cluttered home with outdated fixtures can look less attractive to buyers. A small investment of getting a home staged has the potential to pay off in the long run.
- Prep for Sale
The general rule of thumb for when you should begin to prep to sell your home is three months in advance. Many start too late in process of meeting with agents, getting a listing price, and understanding what is needed to prepare the home for its sale. If you are not preparing early, you are already late.