House for sale depicting seller's myths

When it comes to selling your house, many people assume they have put their hard work behind them. Yes, buying your house was hard work, and maintaining a home can be as challenging as it is rewarding.

Selling your house is no different.  Unfortunately, myths about the selling process abound. Here are the top five myths about selling your home; debunked.

Myth Number 1 - You're better off selling your house yourself.

I can't tell you how many times this one comes up for people who don't want to pay seller fees to a realtor.

Of course, you want to get as much as possible back from the sale of your home. However, it's easy to underestimate how much work it takes to market a home correctly.

Those who want to sell their homes themselves are often relying on an anecdote from someone who did it successfully rather than the wealth of data to suggest that it's best left to a professional.

If you decide to go it alone, not only will you be responsible for the online marketing - pictures, website, online tour, etc. - but you will also be the one weeding out the undesirable buyers. There can be a lot of those. There's a reason this is a full-time job (for someone else).

Myth Number 2 - Your home will sell as-is.

While your home may sell as-is, you could be missing out big-time by not making some simple changes that will boost your profits.

This is another reason to hire a realtor: we see these same improvements get positive results time after time. Pay most attention to your walls, doors, floors, and kitchen.

However, don't get too hung up on gutting and re-doing your kitchen and bathrooms. You will never see a 100% return on investment for big projects like that. It's better to freshen up those spaces relatively inexpensively.

Myth Number 3 - When it comes to pricing your house, you know best.

Unfortunately, sellers are the worst at pricing their homes. Not only do they not have access to all of the data realtors do, but they value their homes emotionally.

Even if you are excited to be moving, or you never liked your house very much, you would be surprised by how invested you can become when it comes time to sell.

It makes sense: your hard-earned cash, your sweat equity, or both went into making that place your home. The trouble comes when owners want to overprice their homes. A perfectly good house that is initially overpriced can get caught on the market for too long and then automatically get ignored by buyers who assume there's something wrong with it.

Myth Number 4 - Buyers can see past paint colors.

Do you want to paint your whole house? No? Neither does your buyer.

Of course, they know they can do it, but most buyers want a home in turnkey condition. That means fresh, neutral paint colors they can see working with their furniture.

It's up to you: you can spend about $6000 for a painter, $500 to do it yourself or lose potential buyers before they step into your house because they can't see past your cranberry accent wall.

Myth Number 5 - It's the inside that counts.

Of course, we want all of our sellers to have clean, staged interiors. However, all that work would be meaningless if the outside looked trashy.

The exterior of your house is the first thing buyers are going to see, either online or as they drive by. This is why a new coat of paint on your front door is one of the most significant returns on investment you can make. Exterior work doesn't have to be extensive, but it does need to be done. Clean up your landscaping, invest in some colorful potted plants, put up new house numbers, and paint that front door.

Bringing it Home

The best thing you can do to help sell your house is hire a qualified real estate agent. If you have any questions about selling your home in the Detroit area, we would be honored to help!