14 Reasons to List With Forbes
14 Home Selling Myths You Should Not Believe;
Many of these home selling myths are regarded as gospel truth by home sellers...and why?
For whatever reason, most information related to home selling that can be found online (and offline) is taken at face value, and even though completely unsubstantiated, it is assumed to be correct. Things couldn’t be further from the truth. Come on, people!
Some of these home selling myths seem to be so taken for granted that most don't even bother to verify the correctness of the information. For many of us, it’ll be our only expensive asset we’ll ever possess! Yet, a lot of decisions homeowners are making will be based on home selling myths, which is hearsay at best.
The home sales process isn’t some dark medieval mystery: one can perfectly write out the steps involved ahead of time and draw the necessary plan of action. While there might be many ‘real estate truths’ floating around on the internet, there are many, many more home selling myths to be found!
Why would you believe whatever a complete stranger says on some internet forum as being truthful? And where does one draw the line to accept something as ‘truth’?
Some myths might be quickly explained with some rational thinking, others take a bit more effort in finding the truth. Even though the list could have been quite extensive, I have limited it to the first 14 home selling myths that came to mind:
Home Selling Myth #1 – The property’s selling price is set by the seller
“I know my house is worth x amount” is something real estate agents hear all the time. Sure, the home seller will be the one making the final decision as to what level the house sells for!
However, contrary to the home selling myth, the actual selling price will be subject to market conditions, the property’s location, and its size and unique features.
Many home sellers might be of the impression that they’re sitting on a gold mine, because “all of their friends and family have said what an incredible value the home offers”.
While friends and family all have the best interest at heart for the home seller, with all due respect, they won’t be the ones buying it, nor are they now suddenly all real estate pricing experts.
And, the home sellers are often the least of all suitable for pricing their own property, as they're too emotionally involved and will obviously hope to get more money out of it than what it’s worth!
This may sound a bit harsh, but unfortunately, those are the facts!
In order to arrive at a successful sale, you don’t want too much of a variation between the initial asking price and final selling price!