Selling your home yourself will save you money. Don’t get me wrong there are some people out there that are successful in selling their home themselves. There is a lot of things/skills you need to know about getting your home listed online, marketing your home to buyers, dealing with issues when it comes to the home inspections and negotiating the contract. A lot of the times when home buyers know your selling on your own they tend to expect a discount. It’s not impossible to sell your home for the same price on your own but it’s defiantly not an easy task and may be a lot more stressful for you.
Open houses sell homes. Open houses on the average rarely sell your home to prospective buyers. If you or your agent decide not to hold an open house, it most likely won’t hurt your chances in selling your home. Agents like holding open houses to gain new customers who are looking to buy/sell. So open houses aren’t a sure thing when trying to sell your home.
You should renovate before putting up your house for sale. The thing is, with any major renovation such as your kitchen, bathroom or flooring could actually deter a potential home buyer as they may not share the same taste or décor as you, so all the money and time spent putting into theses renovations may backfire for you. When people buy a home they are most likely going to make their own upgrades and changes that suit their own style. You also will never get 100% of a return for the money you spent on remodelling the home.
You can save money as buyer by NOT using a Real Estate Agent. Unfortunately this a completely false statement, the commission of a property is already built into the price. Once a house sells all the expenses such as commissions will come out of the final sell price, if the buyers don’t have an agent the seller’s agent will receive the entire commission.
There are a lot of real estate myths out there, my advice before buying or selling your home is to do as much research as possible so you can get all the correct facts for yourself so you don’t lose or miss out on anything!