3 myths people believe about selling real estate in Memphis
While popular beliefs can be full of intriguing details, they are rarely true when it comes to selling real estate. Even if it is a false story, what we believe can significantly influence our decisions. When it comes to selling your home, it's best to keep your eyes open for all of your options. Don't let the misleading advice of others distract you from the most important financial transaction of your life.
By taking the time to learn more about these myths, you can make an informed decision that can save you thousands of dollars while maintaining the equity you've built for yourself. So read on as we explore three myths about selling real estate in Memphis.
A popular myth people have about selling real estate in Memphis is that you will save money by listing your home as an FSBO. Generally, this option is chosen to get a higher profit on the sale and save on high real estate commissions and other charges. However, the statistics actually tell another story. Only eight percent of home sellers used this sales method in 2020, and the homes that were sold sold for significantly less, in most cases costing the sellers more than the real estate agent's commission would have at current market value. However, did you know that you can work with a professional buyer like Memphis Home Buyers to buy your home without paying any commission?
Also, while most walk-ins at open houses are nosy neighbors or lookalikes, some are even burglars who want to get off the property. The truth is that most home buyers find their new homes online, and if a buyer is really interested in your property, they can simply call an agent and set up a showing. Did you know that when you sell directly to a professional buyer like Memphis Home Buyers, you don't have to worry about open houses or showings? You'll save on preparation costs, and any worries about passing inspection will go out the window because at Memphis Home Buyers, we buy homes as is.
Another myth people believe about selling real estate in Memphis is that by looking at a few listings online, you can determine what your home might sell for with a close estimate. But unfortunately, the wrong listing price, whether set too high or too low, can cost sellers time and profits. Additionally, an error in either direction adds time to your listing as buyers will be scrolling through potentially thousands of listings at their fingertips. Did you know that a professional buyer's agent like Memphis Home Buyers will explain the pros and cons of listing directly to you so that you can make an educated decision?
Working with professional investors, Memphis Home Buyers busts the myths about selling real estate in Memphis, saving you valuable time and money. Let the professionals at Memphis Home Buyers help you solve your problems. Call Memphis Home Buyers at (901) 828-8419.
By taking the time to learn more about these myths, you can make an informed decision that can save you thousands of dollars while maintaining the equity you've built for yourself. So read on as we explore three myths about selling real estate in Memphis.
Sell yourself and save money.
A popular myth people have about selling real estate in Memphis is that you will save money by listing your home as an FSBO. Generally, this option is chosen to get a higher profit on the sale and save on high real estate commissions and other charges. However, the statistics actually tell another story. Only eight percent of home sellers used this sales method in 2020, and the homes that were sold sold for significantly less, in most cases costing the sellers more than the real estate agent's commission would have at current market value. However, did you know that you can work with a professional buyer like Memphis Home Buyers to buy your home without paying any commission?
Open house for sale
What people think about selling real estate in Memphis is that they must set up their home, provide drinks and food, vacate the property, and allow their agent to hold an open house to sell their home. However, as a real estate agent, the interest in holding an open house usually does not translate into selling the property, although it is good if it does. Instead, their goal is to find new customers interested in purchasing property.Also, while most walk-ins at open houses are nosy neighbors or lookalikes, some are even burglars who want to get off the property. The truth is that most home buyers find their new homes online, and if a buyer is really interested in your property, they can simply call an agent and set up a showing. Did you know that when you sell directly to a professional buyer like Memphis Home Buyers, you don't have to worry about open houses or showings? You'll save on preparation costs, and any worries about passing inspection will go out the window because at Memphis Home Buyers, we buy homes as is.
You can estimate your selling price.
Another myth people believe about selling real estate in Memphis is that by looking at a few listings online, you can determine what your home might sell for with a close estimate. But unfortunately, the wrong listing price, whether set too high or too low, can cost sellers time and profits. Additionally, an error in either direction adds time to your listing as buyers will be scrolling through potentially thousands of listings at their fingertips. Did you know that a professional buyer's agent like Memphis Home Buyers will explain the pros and cons of listing directly to you so that you can make an educated decision?
Working with professional investors, Memphis Home Buyers busts the myths about selling real estate in Memphis, saving you valuable time and money. Let the professionals at Memphis Home Buyers help you solve your problems. Call Memphis Home Buyers at (901) 828-8419.
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