W
hen it comes to selling your home, there are several tasks you may think are necessary but aren't. Here, three real estate experts share six misconceptions that can save you time and money.
Renovating Your Home Isn't Always Necessary
You might assume that renovating your kitchen or bathroom is a must before listing your home for sale. However, Taylor Lucyk, a real estate broker, suggests that leaving spaces in their current state may be the better option. "Many buyers would rather make those changes themselves to suit their taste," he says. Instead of major renovations, consider smaller projects like decluttering and fresh paint.
You Don't Need New Flooring
Replacing all your flooring before selling is a common misconception, according to Jacob Naig, a real estate investor and contractor. Most buyers prefer to select their own flooring after closing, so you can save money by not replacing it. Cleaning or laying down a new area rug may be enough to make a good impression.
Painting Every Wall Isn't Necessary
While touch-ups are beneficial, repainting every wall in your home is overkill unless the colors are truly outrageous, Naig says. Buyers would rather select their own paint colors after move-in.
Upgrading Appliances May Not Be Worth It
Many sellers think investing in new appliances before selling is a must, but this isn't always the case. If your appliances are clean, in working condition, and matching, consider offering credits or pricing accordingly. This way, buyers can save money on their purchase and order the pieces they truly want.
Buyers Handle Appraisals
Sellers often assume they're responsible for paying for a home appraisal before listing their house, but this is actually the buyer's responsibility if needed. Your listing agent can provide you with a complimentary market analysis to help determine a fair price for your home.
Listing Early Can Strengthen Offers
Waiting to list your current home until your new one is under contract isn't necessary. In fact, having a home already listed can make purchase offers stronger, according to Jen Barnett, a broker and owner of The Front Agency.
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