Here are some common
misconceptions about selling real estate and what you should be aware of
if you are considering selling your home:
The first offer is always the best. This often can be true,
but there are many exceptions. In hot real estate markets, you may
quickly attract multiple buyers, so it's wise to carefully consider all
offers. And some buyers often "test" sellers with a deliberately low
bid; rather than being insulted by a low bid, it's wise to consider the
offer as a starting point for negotiation.
Lower commissions mean
sellers come away with higher proceeds from the sale. This may not
always be the case. With discounted commissions, be sure you know what
you're going to get. Cutbacks in advertising and marketing for a lower
sales fee, could mean you don't get the best price for your property.
Be clear about all services before you sign a listing contract.
If you don't want to make repairs, lower the property price.
This isn't always the best strategy. Some low cost, cosmetic repairs
are critical to showing your home in it's best light, even if there are
some problems. Touch up paint, clear away clutter, and keep the outside
neat to show your home in its best light.
You don't need a real estate professional to sell your home.
Of course, you don't need one, but you'll be competing with other
properties that are represented by professionals with widespread
contacts and marketing that can get the job done more effectively.
Also, selling your home can be an emotionally charged situation, and an
involved, objective third party can help you stay focused and act as
your advocate.
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