Home Selling Myths in Salt Lake
Home Selling Myths In Salt Lake
There are an abundance of assumptions when it comes to real estate, many based on dated facts. Referring to inaccurate information is dangerous in real estate. Avoid falling for these home selling myths in Salt Lake.
You Receive Back the Full Value of Money Spent on Home Repairs
This is one of the most popular myths. Sadly the money for property improvements is not normally recovered when you go to sell. Although renovations do improve house values, the percentage is based on the type and quality of upgrade. Kitchens and bathrooms, for example, tend to provide more than other improvements.
It Is Strictly About Location
Every city has that fabulous neighborhood that everyone wants to buy in. Given the high demand, people assume that it will be a profitable investment. The top demand neighborhoods are not automatically great investments given prices are often close to the max. There may be little opportunity for movement. Sometimes, the transitional communities are a better investment.
Some of the more popular communities around Salt Lake are:
Selling On Your Own Will Always Save You Money
Dodging a broker commission may not automatically result in a higher profit. Real estate brokers are tuned in to the market and understand how to best position your property. Lacking that experience, you could select the wrong price, lose critical marketing time, or fail to reach all the buyers. All of this will cause a decreased selling price, perhaps even lower than what you are saving on fees. There might also be other expensive mis-steps that you can make along the way when not guided by a knowledgeable professional.
It Is Better to Provide a Concession Than Complete Repairs Ahead of Time
Whether you have damaged carpeting or need new paint, offering a closing concession is not always the best solution. Some items influence buyer perceptions. Poor first impressions cause people to offer less. Necessary repairs can lead to lower sale prices in addition to the concession offered.
Pricing Is Irrelevant When the Market is Hot
So, the real estate market is great and you want to receive the most for your home. You hear that properties are receiving greater than the advertised price, so you price your property above the price of others and expect an even greater offer price. Setting the price too high may be a huge mistake. Comparable listings might have gone for higher than asking price because their starting price was sensible. You cannot conclude that you will get more than the list price no matter where you begin.
Avoiding Home Selling Myths In Salt Lake
Buying a property is a huge investment. When buying or selling real estate, it is important to be up-to-date and make smart decisions. Use accurate facts instead of the home selling myths in Salt Lake. Work with knowledgeable local professionals to help you through the process. This will enable you sell faster, for more value, and with decreased liability.
Want help? Give me a call. Gordon @ 801-567-0946. I can help with more than home selling myths in Salt Lake.
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