Real estate is a huge industry that involves sale and purchase of houses and properties with real estate agent. A lot of people are always looking to find new houses while others are finding clients who can purchase their houses.
Importance of hiring Real estate agent
With all this process, a number of myths have been attached. Today, we will talk about some of the myths and misconceptions regarding house selling.
- Start with High Price
Many people believe starting selling your house with high prices can land you a good client and you can get more than the expected price. However, real estate agents reveal this is just a misconception. Clients never like people who start with high prices instead of a reasonable quote or actual current price. Such people who have higher prices on their list sometimes miss out potential clients just because they increased the prices.
- Must Redo Kitchen and Bathroom
When someone plans to sell their house, they invest some money into it in form of renovation and decoration. Interior and exterior parts are renovated. Seller’s agents don’t recommend spending a lot of money on kitchen and bathrooms. Although they have some impact on the visitors but not are worth to spend. So the house owners should focus on more important parts instead of kitchen and bathrooms.
- Do Repairs
This seems to be a good idea to fix whatever has been broken or damaged in the house when you plan to sell it. But you should figure out what impact it will have on the clients. Some repairing works are good to do but many are not so valuable as they seem. This is up to the house owner to find where they need to spend some money that will return in form of a better house price.
- Spring Is the Best Time to Sell Houses
This is something believed as a fact but in fact it is a myth and misconception, as say the real estate agents. Spring is thought to be a good time but it may not necessarily give you a good or expected house price. If your house or building is in the best condition, it will fetch you expected price no matter what month or season you sell it. So don’t just wait for spring to call clients.
- Never Accept First Offer
Seller’s agents say they have noticed a number of times when the sellers refuse to accept first bid even if it seems reasonable. They think the first quote should be rejected because it doesn’t give them the required amount. This seems to be a stupid idea. If you are getting a reasonable or even more than expected in first quote, you must accept it. It will not waste more of your time and save maintenance costs.
- Selling is Waiting
This seems to be a myth. Selling is actually about finding the right client who respects your property and sees what others cannot notice. It can be the first person, someone during bids or the last person. All you should do is to see who offers the reasonable amount and shows extreme interest. Never wait for the right client, but make a client right for your house by selling your house to them.
- Complete Revamp
Many people believe they can get better price and offers if they renovate their whole house. This is true to some extent but on the larger scale, it seems to be a myth. The buyer pays for the location, land price and little for the structure. Many people prefer to build new houses after few years. So the complete revamp thinking should be ditched and the sellers should focus on other important areas.
- Selling Without Agents
Real estate agents are helpful for many buyers as well as sellers. They have a great reputation and know better about houses than a buyer or a seller. Some people believe they can find better clients without hiring a seller’s agent washington dc. This is not true as an agent is skilled and he makes it easy for both the parties to reach an agreement. Buyer is satisfied while the seller also gets a reasonable price for the property. Never try to sell houses without a reputable agent.