3 Common Misconceptions About Selling in a Seller’s Market
Just because we’re in a seller’s market doesn’t mean your sale is automatic.
When there’s a seller’s market like the one we’re experiencing right now in the Tampa Bay area, we usually find three main misconceptions circulating among sellers:
1. You can just list your property as is. Frankly, to get top dollar you can’t skip any steps. You are going to need to address all of the little imperfections in your home like the paint, the decluttering, the landscaping cleanup, and the other necessary things to get your home ready to sell for top dollar.
“In the end, it’s best to enlist the help of a top professional.”
2. You can sell your home yourself or with a discount broker and net more money. We know from experience that there are many negotiations within the real estate contract that go beyond just price. There is so much value in the marketing expertise of a seasoned agent and being able to generate maximum exposure for your home. There is also a whole lot of liability involved in becoming a FSBO. In the end, it’s best to enlist the help of a top professional instead so you can sell quickly and for the most money possible.
3. You can set a price that’s far above the market. You need to very carefully study your competition to find out where your price needs to be. Overpricing can scare off serious buyers, encourage lowball offers, and end up leaving you with less in your pocket when all is said and done.
If you have any questions about selling in this market or anything else regarding real estate, feel free to reach out to us via phone or email. We look forward to hearing from you soon.