You might save thousands of dollars by making an informed decision and keeping more of the equity you’ve built for yourself if you take the time to learn more about these fallacies. So keep reading to learn about three common misconceptions regarding selling real estate in Riverside.
While common beliefs may contain fascinating details, they are far from the truth when it comes to selling real estate. What we believe, even if it is a false narrative, can have a big impact on our judgments. When it comes to selling your property, it’s ideal to have all of your options in front of you. Allowing others’ incorrect counsel to take you down the wrong path with one of the most important financial transactions of your life is not a good idea.
Sell It Yourself and Save Money
One of the most well-known urban legends regarding selling real estate in Riverside is that advertising your home as a for-sale-by-owner will save you money. This alternative is typically chosen to avoid paying costly real estate commissions and other expenses, resulting in a bigger profit on the sale. Statistics, on the other hand, reveal a different narrative. Only 8% of home sellers tried this way of selling in 2020, and the homes that did sell sold for much lower prices, costing the sellers more than the real estate agent commissions on the current market value in most cases. Did you know, however, that you can engage with a professional buyer, such as those at Southern CA Cash Home Buyers, to purchase your home without having to pay commissions?
Open Houses Sell Homes
Another myth about selling real estate in Riverside is that you must prepare your home, set out drinks and snacks, vacate the property, and allow your agent to hold open houses to sell your home. However, the purpose of throwing an open house for a real estate agent isn’t usually to sell the home, though that is lovely when it happens; rather, it is to attract new clients interested in buying property. Furthermore, while the majority of walk-throughs during open houses are from nosy neighbors or curious passers-by, some are burglars looking to scout the property. The truth is that most homebuyers start their search for a new house online, and if a buyer was serious about your property, they could simply phone the agent. Did you know that you won’t have to worry about open houses or showings when you sell directly to a professional buyer like those at Southern CA Cash Home Buyers? You’ll save the prep costs, and any worries about passing the inspection go out the window because at Southern CA Cash Home Buyers, we buy houses as-is.
You Can Guesstimate Your Sales Price
Another common misconception about selling real estate in Riverside is that by looking at a few postings online, you can estimate how much your house would sell for. However, a listing’s erroneous sales price, whether set too high or too low, can lose sellers time and money. Furthermore, a mistake in either direction adds time to your listing because customers are likely to keep scrolling through the thousands of items at their fingertips. Did you know a professional buyer like those at Southern CA Cash Home Buyers will detail your profits on listing with an agent vs. a direct sale so that you can make an educated decision?
Working with Southern CA Cash Home Buyers investors dispels common misconceptions about selling real estate in Riverside, saving you time and money. Allow the experts at Southern CA Cash Home Buyers to assist you in resolving your issues. Southern CA Cash Home Buyers can be reached at (951) 355-7115.