Common Real Estate Myths

Common Real Estate Myths


0 Flares Facebook 0 Google+ 0 LinkedIn 0 Twitter 0 0 Flares ×

Don’t Always Believe The Word On The Street 

How often do you buy and/or sell homes? How often does anybody (excluding real estate agents) buy and/or sell homes? The obvious answer is: NOT very often. Nevertheless many people think they know how these processes work but this is not the case. There are myths about real estate that continue to be spread via word of mouth, social media, etc. that need debunking!

List your home at a higher price than you expect to receive

FALSE

This could have been a strategy when housing markets in certain regions were once consistently growing/ prior to the recession. Listing your house for more than you expect can absolutely back fire. Now, if you do such a thing you could end up getting less for your house than you expected. Some buyers and their agents don’t even entertain the idea of buying a house if it is over a certain budget; therefore you are excluding potential clients. This will cause a cascading effect; meaning if you shrink the pool of people looking at your home this increases the potential for your home to sit on the market for an extended period of time. Houses that stay on the market for long periods of time begin to look even worse to those looking to buy.

Invest in big renovations before selling (Kitchen/Baths)

FALSE

Small improvements or cosmetic fixes before selling can increase the value of your home and make your home look more appealing to potential buys. On the contraire, doing big renovations could turn people away. A buyer might not have the same taste or style as you but they probably don’t want to renovate something that has just been renovated. Adjusting the price of your home instead of renovating a kitchen or bathrooms is most of the time the safer route to go.

Spring is the best time to SELL

FALSE

Yes, spring has and is a popular time to buy. These buyers are typically families looking to move and be settled for their kids to start school in the fall. This doesn’t mean that spring is the best time to sell. Now in the 20th century around half the buyers aren’t married and have no ties to school schedules or family needs. Therefore spring is no longer as relevant when deciding when to sell than it once was! Pay attention to your neighborhood, what your home has to offer, and decide what kind of person/people will be buying your home. Base when you list off of who your home will interest the most.

Give us a call today at 720.260.4461 or 587.800.1213 to let us know what YOU need help with! D Gees Homes & Realty has the experience, know-how, and infrastructure to offer you great opportunities in your real estate endeavors, whether you need to sell your house, a new rehab project to work on or would like to learn about other options.

Please call us today at 720.260.4461 if you’d like to learn more about the real estate services that we offer.

Leave a Reply

Your email address will not be published. Required fields are marked *

Top
0 Flares Facebook 0 Google+ 0 LinkedIn 0 Twitter 0 0 Flares ×