Common Seller Misconceptions

 

Are you getting ready to sell your first home?

Not sure where to start?

Buying a home can be one of the most significant transactions in your life, and navigating the real estate market comes with its fair share of myths and misconceptions.

In this article, our realtors in Ann Arbor debunk some of the most common real estate myths, based on insights from the Urban Acres blog.

Myth 1: FSBO (For Sale by Owner) Can Save You Money - Don't Go Solo

One common myth is that you can save money by selling your property without the assistance of a real estate agent. However, 2022 data from the National Association of Realtors reveals a stark reality - median FSBO prices were $310k, compared to $405k with an agent. We make sure to emphasize to our clients the importance of professional guidance during the homebuying process, just like you wouldn’t go through a complex legal process without an attorney.

Myth 2: Agents are Interchangeable - Not All Agents Are Created Equal

Real estate agents are not interchangeable! Our team knows the importance of great communication, experience, attention to detail, local market knowledge, and negotiation skills, and we have a proven track record. The team humorously adds, "and, of course, good looks!"

Myth 3: Price Your Home Higher... - The Pitfalls of Overpricing

We advise against overpricing a home, because today's buyers can quickly identify overpriced listings. Waiting for a price reduction may lead to a perception of desperation, resulting in a lower final sale price.

Let Our Realtors in Ann Arbor Help You Sell Your Home

Don’t go through the home-selling process alone! There are so many factors to consider when selling your home, and our realtors in Ann Arbor are here to help. We will get you the best value for your home and guide you through the process making it smooth transition.

Contact our team to begin the process of selling your home in Ann Abor, MI!