Top seller myths

Selling your home is a major decision, but chances are you've either been through it before or know a lot of people who have. Everyone has their own notion about selling properties, and if you're eager to get it done as soon as possible, you could well be receptive to suggestions in order to get a rapid sale. The internet is full of all sorts of information but how much of it is really good advice? 

Let's look at some of the myths about selling real estate that is commonly believed but is absolutely untrue. 

1. The seller is the one who sets the price of the property

Contrary to common perception, the true selling price will be determined by market conditions, the property's location, and its size! Check out the real estate platform for brokers for individuals to help you out. 

For many property sellers, the fact that all of their friends and family have commented on what an amazing deal the home offers, makes them feel like they're sitting on gold.

Furthermore, the house seller is arguably the least qualified to price his own property since he is too emotionally invested in it and would certainly try to get more money out of it than it is worth. 

2. You Don’t Have to Depersonalize Your Home

Homeowners feel that depersonalizing the property before putting it on the market is unnecessary. The truth is that they should. While the process of selling a house can be highly emotional, it is important to remove all clutter, artwork, and pictures. Buy, sell and rent properties in India that suit your taste. 

 It is no longer the seller's area if they're selling their property; no one is interested in buying someone's possessions; they are purchasing the walls. The property is out in the public for a commercial transaction, and that's how it's supposed to be looked at from then on. 

3. Houses Sell Themselves

Just like in any other job, having the right tools can help you sell faster, easier, and better. You've probably been told this several times by others around you. Don't believe anything they say. A house cannot sell on its own. It is your responsibility as a seller, together with your agent, to ensure that everything is in place to make the home saleable. 

 The price of the home, listing on the top sites, marketing pitch, photographs, well-maintained and well-managed property visits, and other variables all work together to guarantee that the property is correct and sellable. List your properties online with the help of expert individuals and get the best deal possible. 

4. Overpricing helps negotiate and close on a higher price

Overpricing may be a serious mistake since, after accumulating days on the market, an item becomes stale and closes considerably lower than if it had been posted at a reasonable price. Buyers now have more data at their fingertips than ever before, and they are more price sensitive. 

 Underpricing is a better choice – consumers know a good deal when they see one, resulting in increased attention, activity, and, eventually, bids. The higher the perceived worth, the more bids you'll receive, eventually driving the price up to the true market value.

5. You have to wait until the right season to sell your home.

According to some, summer is the ideal season to sell a property. Others anticipate the arrival of spring. Others believe that you should never sell in the winter. When you question why you'll discover that these folks don't have a lot of facts to back up their assertions.

Yes, more properties sell during specific seasons. However, many properties sell all year. You can sell your house at any time of year if you work with an experienced realtor. Sell your properties online whenever you want. Every season has its benefits, so don't be afraid to contact your agent if you're ready to sell. 

6. Your Real Estate agent does not need to be at the inspection.

You want a real estate agent who will represent you throughout the process when you engage one. The home inspection is one of the most difficult obstacles for a property seller to overcome. More transactions fall through during the house inspection than at any other point throughout the transaction.

Sometimes purchases fall through due to what is said or not stated during a house inspection. Anyone who works in the industry and attends house inspections on a regular basis is aware of the discrepancy between what home inspectors say and what appears in their report.

Minor concerns are sometimes overblown to the point of absurdity. It is hard for a real estate agent to advise a seller on house inspections if they do not show up to examine the property.

Final thoughts

Active listening and honest communication are the most effective ways to refute myths. If someone is focused on their personal financial gain or success, these beliefs may spread further. The greatest method to battle this is to take the time to listen to their clients with the awareness that helping them reach their goals with compassion, honesty, and ethics, as well as coming from a place of teaching them, will stop the myths spread.

Credits: Fatema Vasanwala