Friday, June 6, 2014 / by Shane Kilby
Selling Your Home? Don’t DIY
Selling Your Home? Don’t DIY
DIY (Do It Yourself) is one of the big buzzwords in 2014, and for some projects, it’s the way to go. If you’re into cars, say, doing your own oil changes and tune ups is not only fun, it saves some money. The same is true if home fixes or gardening is your thing. But selling your home on your own? Probably not.
A home is most owners’ single biggest investment. When it comes time to sell, owners have been out of the housing market for years, pitting them against buyers as well as real estate professionals who have seen dozens of homes just in the last few weeks. These market-savvy people pretty much know what your home is worth within the first few minutes. Price it wrong, and you may not see those people again.
It’s easy for lay people to underprice a home, because the first statistic they look at is comparable sales (comps). Comps are a little bit good and a lot bad, for a couple of reasons. First, a comp represents a) ...
DIY (Do It Yourself) is one of the big buzzwords in 2014, and for some projects, it’s the way to go. If you’re into cars, say, doing your own oil changes and tune ups is not only fun, it saves some money. The same is true if home fixes or gardening is your thing. But selling your home on your own? Probably not.
A home is most owners’ single biggest investment. When it comes time to sell, owners have been out of the housing market for years, pitting them against buyers as well as real estate professionals who have seen dozens of homes just in the last few weeks. These market-savvy people pretty much know what your home is worth within the first few minutes. Price it wrong, and you may not see those people again.
It’s easy for lay people to underprice a home, because the first statistic they look at is comparable sales (comps). Comps are a little bit good and a lot bad, for a couple of reasons. First, a comp represents a) ...