4 Common Myths about Selling House

4 Common Myths about Selling House

Your house is probably the most expensive asset you own. You’re also not very likely to buy and sell houses multiple times during your lifetime.

Selling a house is a big decision, and basing that on hearsay and information you’ve gotten from friends and family could quite possibly land you in hot water.

Why?

There are a number of myths and misconceptions surrounding house selling which get touted around as the truth, and many a house has lost its value and caused sellers to sell at lower rates because of them.

Make sure you don’t make the mistake of believing these few common myths about selling houses:

Myth#1: Setting higher asking prices will result in higher selling price

Very few buyers are going to buy the first house they look at. They are very likely to make rounds and look at other properties for sale, and possibly compare prices and what they’re getting for what they’re paying.

If you overprice your house compared to what you have to offer, buyers are likely to overlook your house completely.

Myth#2: Better offers will come the longer you wait

Unlike wine which gets better with age and can sell for higher prices, a house on the market loses its value the longer it stays there. This is because buyers start wondering whether there’s something wrong with the property for it to remain in the market for so long.

Rather than getting better offers, leaving your house on the market for longer will result in it becoming stale with offers getting less and less frequent. You may then need to settle for a much lower rate than your initial asking price.

Myth#3: Major Renovations Will Increase House Value

If it isn’t broken, don’t fix it! People who have chosen to renovate their entire kitchens and bathrooms prior to putting their houses on the market have regretted the decision.

Contrary to popular belief, major renovations may turn off prospective buyers because they may not agree with your taste. Buyers are also less likely to purchase property where they’d need to redo something that has just been remodeled.

However, it is always a good idea to fix worn out looking doors, repaint walls and replace broken fixtures. A little home improvement goes a long way toward making your house look more appealing to buyers.

Myth#4:  Selling a house is a one-man job

There are a dozen different things a realtor or house buying company can do better than you. They are experts who have possibly been in the business for years and know how to get the best sales for you. Additionally, they are better equipped at weeding out scammers and could save you a bunch of time and money.

Lastly, house buying companies are more likely to buy your house from you in the condition it is at reasonable rates, saving you the trouble of having to invest in repairs and improvements. They are also more likely to pay you in cash right at the time of selling.

Sell your House in Jacksonville to Jax Cash Buyers

If you’re looking to sell your house fast or to sell a probate house in Jacksonville, FL and want an instant cash deal, look no further than Jax Cash Buyers to help you find the best deal regardless of the quality of your house. Visit our website or call us at (904)513-0229 for a quick, effortless sale.

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