Here are the three biggest misconceptions about this real estate market.
Today I’m going to talk about the three most common misconceptions about today’s hot seller’s market:
1. You need to know where you’re going to move before you sell. This is just not possible in today’s market. Sellers won’t accept contingent offers because there are too many buyers out there that aren’t making them. This is why it’s really important to make sure the terms in the contract are negotiated favorably for you. Most sellers in this market can get a free lease back, which gives them time to find their next home.
2. You can price higher than market value. Even in this hot market, overpriced houses are sitting there and not getting offers. Buyers are staying away from overpriced properties.
3. It isn’t necessary to hire a Realtor. It’s tempting to save money on commission, but how are you going to handle it when 20 offers come in over a weekend. For that matter, how will you handle the issues that come up between pending and closing? It’s more important than ever to hire a strong real estate professional to guide you through the process and negotiate favorably in your favor.
If you have any questions about buying a home, selling a home, or real estate in general, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.
