To better understand the ins and outs of the real estate market, let’s take a look at three common MISCONCEPTIONS that are frequently associated with selling a house:

1. Your home has increased in value since you initially purchased it.

What you paid for your house is unlikely to match what it is worth today. Market changes, your local economy, renovations you’ve made, condition (age of roof, heating and electrical systems, etc.), neighborhood improvements or problems and much more can affect the value of your home. To price a residence to sell, you should understand the current state of your local real estate market.  

Look at the advertised prices of comparable homes on the market and also recent sale prices to see how your home stacks up against the competition and and what people are actually paying for similar homes.

Ask a REALTOR® to do a comparative market analysis so you understand how your property will compete in the current market or hire an appraiser to give you insights into what a bank might be willing to finance if a buyer requires a loan.

2. You should have no trouble stirring up plenty of interest in your house.

Although you may have lived in and loved your home for many years or have recently renovated it to suit your life, there is no guarantee that all potential homebuyers will feel the same way. Allocate some time and resources to enhance a property’s appearance both inside and out.  This doesn’t necessarily mean you need to spend a lot of money.

Bolster your house’s curb appeal and boost your residence’s chances of making a positive first impression. .Mowing the front lawn and clearing dirt and debris from the walkways can make a world of difference in homebuyers’ eyes. 

Declutter your residence’s interior so homebuyers can imagine how they could fit their lives into your home.  

3. You don’t need support from a real estate agent.

A real estate agent is likely to accelerate the home selling process and improve your chances of maximizing the value of your house. Your agent will show you how prepare your home and will guide you through the process: marketing, organizing showings, ensuring you know how to comply with fair housing, environmental, and other laws and regulations, work with you to negotiate the sale price and inspection issues that may arise, and connect you with other professionals you may need in the process. 

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Date: 04/22/2017 Time: 12:00 PM to 2:00 PM  
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Plenty of places to feel right at home in this comfortable, convenient, original owner, 4 bedroom home. Hardwood floors, large living room with fireplace, separate dining room, and a finished breezeway with wood stove. Clean basement has possibilities for additional finished rooms or workroom. This is not a drive-by! The home is set back from the road on 1.2 acres with screening foliage and plenty of backyard. Part of the backyard is open and fenced and behind that is an area that could be used for gardening. Convenient to commuter routes and conservation/hiking trails. Only 4 miles from Amherst center. This sweet home is clean and well maintained and with a few updates would sparkle. Back on the market in time for the new year. Buyer’s financing fell through. New septic is designed and will be installed as soon as weather allows.

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