Don’t believe these three common seller’s market misconceptions.

 

With all this talk about what a hot, competitive seller’s market we’re in, many people might think they can just take some iPhone pictures of their house, put a ‘For Sale’ sign in the front yard, and have it sell in no time. Unfortunately, that’s not the case. There are three seller’s market misconceptions you should be aware of before listing: 

 

1. You don’t need to hire a professional Realtor. Your home may eventually sell if you don’t hire a Realtor, but would you be leaving money on the table? Would you also be spending your valuable time dabbling in what can be a confusing and arduous process? Are you choosing the right buyer who’ll buy your property for the most money and least hassle? Are they even qualified? How can you be sure? 

 

These are just a few hurdles we Realtors navigate every day with systems and a stellar team behind us. It is essential to have an experienced professional such as myself at your side to maximize your profit and minimize the hassle in your daily life.

 

"Your home may eventually sell if you don’t hire a Realtor, but would you be leaving money on the table?"

 

 

2. You don’t need to stage or update your home. Many people think that in a market like this, a home’s condition doesn’t matter. While that may be true in certain price points, condition always drives price. Even if it’s just a little decluttering, deep cleaning, and fresh paint, some updates can maximize your profit. My goal is to always get you the most amount of money in the least amount of time, and statistics show that staged homes sell quicker and for more money. 

 

Ultimately, sometimes it does make sense to sell a home as is and sometimes it doesn’t. Before you make any improvements, give me a call or speak with a Realtor who’s knowledgeable about your market. 

 

3. You must have your next home lined up before listing your current home. This misconception is prohibiting a lot of people from listing their homes right now. They don’t know where they’ll go next, and that’s an understandable concern. While this can also be true in a buyer’s market, one of the great things about being in a hyper-seller’s market is that many sellers can set favorable terms that make transitioning into your next home much smoother. For example, you can negotiate a short closing date or long leaseback. Some of my team’s clients have been able to close on their existing homes quickly and stay in those homes for up to 60 days (sometimes rent-free) while they identify and close on a new home. 

 

If you’d like to know more about your options as a seller in this market or there’s anything else I can help you with, don’t hesitate to reach out to me. I’d love to hear from you.