Top 3 Home Selling Myths you need to STOP believing
Putting your home up for sale can be an emotional endeavor. And really it is. Selling itself is psychology. People buy emotionally but justify their decisions logically. 80% of all sales success is emotional. Selling a home is as much a science as buying is. Andlots of people who've been there before will want to tell you how it's done.
Beware of these (well-meaning) storytellers and don't fall for some of the most common misconceptions about selling your home.
So, I am here to bust the most common misconceptions about home buying soyou can do thingsthe right way. Though the myths are a lot more than this, I have streamlined them into three for your quick consumption:
Myth # 1: The first step is looking for a house
Perhaps you just want to get a feel for the area.Youhave some things in mind before you sit a Realtor. I mean you're not really looking yet, right?
Stop right there! Even if you think you're just browsing, you run the risk of setting your heart on something, only to have it broken.
"A buyer might be viewing homes that are in a higher or lower price range than what they are qualified for ", says Connie Antoniou, a broker associate in Barrington, IL.
Browsing is always fun, but when it comes to serious home-buying work, you need to make sure your credit is in top-notch shape before you get started for real. Also, don't forget to get pre-approved for a mortgage before you embark on your home-buying journey. This will determine what your budget is.
Myth #2: You can do it solo
You might think you can do home-buying solo. After all, isn't that what the internet is for?
We know you are cringing at the idea of paying those Seller fees. But there's moretothis than putting a sign in the front yard and an ad on Craigslist. If you try to sell on your own, you have to do all the hustle-weed out the creeps and the non-serious buyers? A Realtor does the heavy lifting to attract the right kind of buyer, sift out the ones you will never want to do business with and negotiate the heck out of potential offers to help get you the best possible deal.
"It is about establishing relationships, trust and facilitating communication to keep the deal alive until it closes ", says Deborah Stewart, a sales associate for Jan Scholtz Realty in Louisville, KY.
Myth #3: Renting is Inexpensive
Most potential home buyers shy away from buying a new house because they believe that the cost of purchase is too big. Instead, they choose renting as the least expensive alternative. While buying a home will be one of your most significant investments, it does not mean that renting is cheaper. The payments you would use for your mortgage just end up as your rental fee. If you add up the total charges, you will find that buying your own home may be cheaper in the long run.