There are many assumptions when it comes to real estate, many based on dated information. Using inaccurate information may cost you. Do not fall for these common myths about selling your home in Franklin TN.

Pricing Is Irrelevant When the Market is Hot

The market is hot and you want to get top dollar for your home. You hear in the news that real estate is selling for greater than the advertised prices, so you price your house on the high end anticipating an even higher final price. This tactic can be a big mistake. Competing properties may have sold for above list price given their starting price was competitive. You must not expect that you will receive similar results no matter what amount you start with.

Home Renovations Are Always Profitable

This is a very common myth. Sadly the money for home renovations is not often recouped when you go to sell. Even though renovations do improve the value of your house, the percentage which you often recover is based on the type and scale of work. Kitchens and bathrooms, for instance, usually provide more than other improvements.

It Is Better to Offer a Concession Than Complete Repairs Ahead of Time

Whether you have deteriorated carpeting or painting that must be addressed, providing a buyer concession is not automatically the best approach. Some items impact buyer opinions. Despite the concession, prospective buyers may decrease their offer price further when a home shows poorly.

The Only Factor That Matters is Location

Every city has that great neighborhood that everyone wants to buy in. Given the high demand, people assume that it must be a great investment. However, those neighborhoods may not necessarily be the best investment since values might be closer to their max. Thus, there may be little room for upward movement. In many cases, the transitional locations can result in better returns.

Selling On Your Own Will Always Improve Your Net

Selling on your own may reduce the cost of broker commissions, but it does not necessarily result in a better net. Real estate agents understand the market and know how to best position your home. Lacking that guidance, you could select the wrong price, lose valuable time, or attract fewer buyers. These mistakes can produce a reduced selling price, possibly less than what you saved on commission. There are many other expensive missteps that you may make during the selling process when not assisted by a knowledgeable real estate professional.

Staying Away from Common Myths About Selling Your Home In Franklin TN

A property is one of the biggest financial investments that you will make. When it comes to buying or selling properties, it is critical that you are educated and make smart decisions. Refer to accurate facts and not based on common myths about selling your home in Franklin TN. An experienced real estate professional can best assist you through the process. This will allow you to sell your home faster, for more value, and with decreased liability. Contact me today:  Jim Eaton at Blueprint Realty, Inc.