While popular beliefs may be chock full of intriguing details, they are hardly the truth about selling real estate. Even if it is a false narrative, what we believe can significantly influence our decisions. When it comes to selling your home, it’s best to have your eyes wide open to all of your options. Don’t allow the misguided advice of others to lead you down the wrong path with what may be one of the most significant financial transactions of your lifetime.
In taking the time to learn more about these myths, you may save thousands of dollars by making a well-informed decision, keeping more of the equity you’ve built for yourself. So read on as we explore three myths people believe about selling real estate in Virginia beach .
Sell It Yourself and Save Money
If you’re thinking of selling your home in Virginia beach , you may be considering the “for sale by owner” option to save on commission fees. But is it really worth it?
Statistics show that homes listed for sale by owner (FSBO) sell for significantly less than homes listed with a real estate agent. In fact, in 2020, only 8% of homes were sold FSBO – and those homes sold for an average of $60,000 less than homes that were marketed and sold by a professional real estate agent.
The bottom line is this: if you want to get the best price for your home, it’s worth working with a professional real estate agent who knows the market and can help you navigate the selling process. Real estate agent commissions are typically 2-3% of the final sale price – and in most cases, that commission will more than pay for itself in terms of the increased selling price you’ll achieve. However, did you know that you could work with a professional buyer, like those at Wise Choice Home Buyers, to buy your home without paying the expense of commissions?
Open Houses Sell Homes
Another myth people believe about selling real estate in Virginia beach is that they must prepare their homes, set out drinks and snacks, vacate the property and allow their agent to hold open houses to sell their homes. However, as a real estate agent, the interest in holding an open house isn’t typically to sell the property, although it is nice when it happens; instead, their goal is to find new clients interested in buying property. Furthermore, while most walk-throughs at open houses are nosey neighbors or looky-loos, some are also thieves who want to scope out the property. The truth is that most homebuyers find their new homes online, and if a buyer was genuinely interested in your property, they could simply call the agent and set up a showing. Did you know that you won’t have to worry about open houses or showings when you sell directly to a professional buyer like those at Wise Choice Home Buyers? You’ll save the prep costs, and any worries about passing the inspection go out the window because at Wise Choice Home Buyers, we buy houses as-is.
You Can Guesstimate Your Sales Price
Another one of the myths people believe about selling real estate in Virginia beach is that by viewing a few listings online, you can determine what your house can sell for with a close guesstimate. But unfortunately, the incorrect sales price on a listing, whether set too high or too low, can cost sellers time and profits. In addition, an error in either direction adds time to your listing because buyers will likely continue to scroll through the thousands of listings available at their fingertips. Did you know a professional buyer like those at Wise Choice Home Buyers will detail your profits on listing with an agent vs. a direct sale so that you can make an educated decision?
Working with the professional investors at Wise Choice Home Buyers chases away the myths about selling real estate in Virginia beach , saving you valuable time and money. Let the pros at Wise Choice Home Buyers help you solve your problems. Call Wise Choice Home Buyers at 757-800-1870.