Myths UNCOVERED on Selling Your Home

Posted by Terrence Murphy Sr. on Tuesday, November 12th, 2013 at 1:04pm

Myth- You need to have lots of open houses to sell your home

Truth- Pricing it correctly, having great photos and positive internet exposure are a few components that with ultimately sell your home.

 

Myth- All updates that you make to your home translate into your profit when you sell.

Truth- Some improvements may create value, but all improvements do not guarantee ROI. (Return On Investment)

 

Myth- Your home needs to be in the local magazines and newspapers to get the right exposure.

Truth- 89.4% of all buyers begin their property search online 2-3 months before they buy. Internet presence is much more important for the seller. 

 

Myth- You need to be present at all showings of your home.

Truth- Owners that are present at showings can make potential buyers uncomfortable.

 

Myth- You should price your home high to test the market and leave room for negotiation.

Truth- Listing your home too high can be worse than pricing too low. If your home is overpriced, buyers might not look at it or make an offer. 

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