You’ve decided it’s time to sell your home – congratulations on making a big decision! You may be inundated with suggestions and warnings about making a big sale. We’ve pulled together information to bust a few common myths about selling real estate in Colorado Springs.
Myth #1: Price Your Home High and Lower It If It’s Not Selling
This may sound like a good idea, but the problem is you’ll scare away buyers if you price your home too high. Lowering the price implies you’ve had trouble selling. Your best bet is to price your home reasonably for the current market.
Myth #2: A Cash Offer Is Best – Always Take It!
A cash offer is a very good offer, but you still need to consider the terms of the whole deal. What are the contingencies? Financing terms? How long will it take to close? The answers determine whether the cash offer is the best offer.
Myth #3: Don’t Worry About Minor Repairs
Buyers want easy move-in conditions. If they’re picking between homes, it may come down to choosing the home that’s the easiest to move into. Minor repairs can be an annoyance.
Myth #4: Your Home Must Be Up-to-Date with Top
Over-improving is another problem for selling your home. Fancy countertops may be the new popular update, but replacing old countertops may not produce the return on investment you hope for. Stick to basic repairs and obvious problems when fixing up your home for selling.
Myth #5: Curb Appeal Won’t Matter Once the Buyer Gets Through the Front Door
Two problems with this idea. The first is getting a buyer through the front door when the outside of the house is a wreck. The second is persuading the buyer to pick your house when they’ll need to put effort into cleaning up the yard.
We’re not suggesting to re-landscape your entire yard. Simply improve the street view by mowing the lawn, removing weeds, and clearing out any clutter.
Myth #6: Creative Financing Won’t Influence Buyers
This needs to be handled carefully so you don’t get into a messy financial situation. That said, creative financing can be a great way to persuade a buyer if you want to close a deal. You just need to be clear on your needs in the process.
Myth #7: You’ll Save Money If You Sell Real Estate in Colorado Springs Yourself
A real estate agent can guide you through the legal aspects of selling and advertise your home to a large market of buyers quickly. Real estate agents pay to have access to the MLS and can get your home in front of interested buyers faster.
Interested in buying or selling real estate in Colorado Spring? Get in touch to learn how we can help you buy or sell your home faster.