If you’re getting ready to sell your home, you need the help of a professional real estate agent in Little Elm TX.  This is especially true if this is the first home you’ve ever sold and you’re not sure about all of the steps that are involved.  The real estate agent in Little Elm TX you choose to help you will be an invaluable resource for information about everything related to selling (and buying) your home.  In fact, with the experience that a professional realtor brings to the table, she can help you to separate home-selling myths from home-selling facts.

Myth:  Only you, the seller, can determine the sales price of your home.

Fact:  While it’s true that you are the owner of your home and have the final word when it comes to the sales price, there are many factors that have to be taken into consideration in setting the price.  For example, the amount of money you still owe on your mortgage, the condition and location of the home, current market conditions and the sales prices on comparable homes have to be taken into account.  Your real estate agent in Little Elm TX will give you the advice you need to set a reasonable price.

Myth:  You should inflate the price of your home to leave room for negotiations.

Fact:  If your home is overpriced, deliberately or not, it will sit on the market a long time.  Buyers who can only afford to pay a price that reflects the actual value of your home won’t even bother to look at it much less negotiate for it.  People with a higher budget who look at your home will know that it’s not worth what you’re asking for and they’ll go elsewhere to find houses that are actually at the price point they’re looking for.

Myth:  You don’t have to bother making any repairs to your home. You can just give your buyer a discount on the price to cover repairs.

Fact:  While you can offer a discount to buyers for repairs, having a house on the market that needs repairs, especially significant ones, will restrict your pool of potential buyers.  Most people want a house that’s move-in ready and they won’t even bother with one that isn’t, regardless of a discount.  Your home doesn’t necessarily have to be decorated to complement every buyers’ taste but everything has to be in working order and in good repair.

Myth:  Major renovations will pay for themselves in a higher sales price.

Fact:  Home renovations shows have given homeowners the idea that they can always recoup the cost of a kitchen or bathroom makeover through a higher asking price for their homes.  Unfortunately, this isn’t always true, especially in the short-term.  Adding a $50,000 kitchen to a $100,000 home situated in a neighborhood of $100,000 homes won’t raise the value to $150,000, although that might not stop you from asking for that amount. Buyers, especially ones with good real estate agents, are usually not foolish enough to pay extra your new kitchen if the actual value of the home hasn’t increased.

If you’re ready to sell your home, call the best real estate agent in Little Elm TX, Iryna Mitchell, at 903-439-5454 or visit irynamitchell.

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