Top 5 Home-Selling Myths
Considering selling your Austin-area home?
The Austin housing market has never been hotter with 2021 delivering the most exciting, record-setting year in its history. While selling your home seems like a no-brainer there are some considerations from our friends at Texas Realtors that may help guide one of the most important decisions for many of us.
MYTH 1: REMODELING PROJECTS ALWAYS YIELD DIVIDENDS WHEN YOU SELL.
Your renovation could pay off when it’s time to sell, but many don’t. Some
updates may make your property more attractive to buyers, and others do raise
appraisal values and sale prices, but don’t count on getting back dollar-for-dollar what you spent.
MYTH 2: YOUR HOUSE IS WORTH WHAT YOUR FRIEND’S OR NEIGHBOR’S HOUSE SOLD FOR.
Many factors determine your home’s value, including property condition and nearby comparable sales. Appraisals aren’t the same as sale prices, either. Just because your neighbor sold her home for $50,000 over asking price doesn’t mean yours will. Every situation is different.
MYTH 3: YOU’LL SAVE MONEY BY SELLING THE HOME YOURSELF. A Realtor® is a trusted professional who can guide you through each step of the transaction, including pricing your home and assessing offers. A Realtor can help you avoid missing important deadlines or making costly mistakes that could threaten the entire sale. Your Realtor also may be able to help you attract more and better offers. MYTH 4: THE HIGHEST OFFER IS ALWAYS THE BEST. Money is important but other factors matter, too. The best offer also works with your timetable and terms. Your Realtor can help you navigate multiple offers.
MYTH 5: DON’T ACCEPT THE FIRST OFFER. Sometimes the first offer is the best offer. Don’t disregard it just because it
arrived first. Consider whether it meets your goals and what might happen if
you reject it without having other offers in hand. Ready to make your next real estate move? Contact me and let's discuss your goals and the current market conditions and let's set a plan to leverage both to your advantage. Mention this blog post and receive a complimentary, current competitive market analysis for your home which will help you best understand what your home is likely to sell for given our fast-paced market!
Joe Paul Reider
Home Style Austin Founder Austin Realtor®, CLRA Keller Williams Realty, Inc.
Email: JoePaul@KW.com Mobile: 512-222-3302 Web: JoePaulReider.KW.com
On The Move?
Search, save, collaborate, and more with the KW App - it's highly rated with 4.8 stars with more than 63K ratings!
Text “KWCP11X” to 87778 to download.
Let's see the app in action: