As a Metro DC homeowner, you’ve probably heard dozens of real estate myths bouncing around from family and friends— running the gamut from when to sell your home to how much buyers are willing to pay.
However, it’s important to note that these should be taken with a grain of salt—unless they come from a trusted real estate expert—and in some cases, ignored entirely.
If you plan to sell your home in Bethesda, Chevy Chase, Washington DC, or Northern Virginia this year, you will want to ignore the following home selling advice:
You will sell at the open house
Open houses can be beneficial for Washington DC area homeowners in that they attract many eyes to your property at once— but that doesn’t mean it will always end in a sale. While many buyers may come through your home, don’t expect all of them to make an offer. Private showings can be just as lucrative as open houses and may even signal a more serious buyer.
You should only sell in spring
With smartphones, online listing alerts, and home search websites galore, Metro DC buyers are constantly searching for properties— no matter the season! You might be surprised by how motivated buyers are to secure their dream home in the beginning of the year, for instance. Be careful not to prioritize one season too much when it comes to listing.
Pricing high will make you the most money
You can only make a profit if you sell and pricing too high is a great way for your property to “sit” on the market for longer than necessary. In fact, if it sits too long, you could end up settling for less than you’d like. The key is to price your home according to supply and demand to allow for the most successful sale.
You can save money without a Realtor
While cutting out the commission factor may seem like a great way to save money, the opposite is actually true. Did you know that homes sold with a Realtor sell for more money than those without? Not to mention all of the correspondence involved in a single transaction that the Realtor handles on your behalf— including the buyer’s agent, lender, title company, inspection company, and more!
Questions about selling your Washington DC, Bethesda, Chevy Chase, or surrounding area home this year? Give The Estridge Group a call today!
We’re here to help!