As you go through life, you’ll find that people are always there to give their advice and opinion – whether it is asked for or not. Selling your home is no different and you’ll find that suddenly everyone wants to get involved. Here are 6 myths uncovered to help you get the most out of the process.
Myth 1: Spring is the best time to sell a home
While homes do sell in spring, they also sell in summer, autumn and winter. The truth may be that people can't be bothered in the winter and would prefer to wait a few weeks until the days are lighter and the weather is brighter - however, overall there isn't a best time to sell your home.
Myth 2: You can do it alone and don’t need an estate agent
Whilst estate agent fees may make your toes curl up, going solo can actually be more difficult. Selling your home is more than just creating a fancy looking advert – you also have to arrange viewings, market your home, establish relationships with potential buyers and filter the offers. Estate agents may get a bad reputation but ultimately they are pros at selling homes.
Myth 3: Noisy locations are a turn off
Houses near roads and train stations are actually very popular these days as they indicate a closeness to transport. In addition to this, window glazing is so advanced in today’s society, that it means you can rarely hear traffic noise once inside a property.
Myth 4: Upgrades need to be big
People massively over spend on DIY projects in the kitchen and bathroom when in reality as long as it isn’t too out-dated and appears clean, potential buyers don’t care. Simple improvements often have the best results so tidy up the front garden, revamp the front door and give the living room a fresh lick of paint.
Myth 5: You should price your home high and then reduce it if it doesn’t sell
This is one of the most common mistakes that sellers make. Price your home too low and you’ll leave money at the drawing table but price it too high and you could miss out on offers. Instead of pricing your home with space to negotiate, price your home at its worth.
Myth 6: When you receive an offer, you should make the buyer wait.
When you receive an offer, you should reply straight away. When a buyer makes an offer, that buyer is ready to buy your home. Moods can change and you don't want to lose the sale because you stalled in replying. Some people believe that waiting to reply puts you as the seller in a better negotiating position but that just isn’t the case.
Selling your property is a big decision and can be daunting and confusing but hopefully the confusion between fact and fiction has been solved.