There are always myths floating around the coffee maker at work, the gym, the golf course, and certainly the internet and social media. No matter what the subject, there are facts and there are myths. Can a myth hurt you? Why sure they can especially if they are regarding things of major consequence like your health, your investments or selling your house in Little Rock.
We want to help you avoid some myths floating around regarding selling properties.
Don’t believe these myths about selling your property in Arkansas
- You can set your own price for your property and expect to get what you ask if you wait long enough for the right buyer. Unfortunately, this is a myth. You may feel that a property has a lot of worth. You know what you paid for it. It may have sentimental value that makes the price seem higher to you personally. You may know of someone two blocks away who sold a property for a remarkably high price. The fact is that all these things do not really matter too much. Although there is some measure of truth in comparison prices, a professional can make sure that you are comparing apples to apples when doing property price comparisons. Some properties that seem like yours may in fact have major upgrades or other features which increase the price. At any rate, in short, the truth is that the market really determines the price. What are the majority of people looking for your type of property willing to pay for it? A professional homebuyer like Little Rock Home Buyers or a realtor can help you determine the actual price your house is worth.
- Online Tools and Apps Give Accurate Estimates of a Home’s Value This is another myth or at least a partial one. There are numerous articles like this one from Investopedia that indicate that these value estimators are just that, estimates. A professional home buyer or realtor can access tools that they pay money to access which give them data that is much more accurate. Zillow and other estimators can give you a ballpark, but do not depend too much on them for accuracy. A professional should be able to explain with data why they arrive at a certain value for your property. If their explanation does not make sense, you should check with a few other professionals as well to fact-check home values. The values should all be close to the same number.
- Sell my House Fast and We Buy Houses Offers Are Unfair Offers This myth stems from the fact that professional homebuyers may sometimes seem to offer lower amounts than you think your property is worth, but this is not accurate. The seller must factor in the other costs and time involved in selling their property. For instance, at Little Rock Home Buyers, we do not charge any commission fees, closing fees, inspection fees nor do we ask for any repairs to be made or clean up to be done to the property. This can save the seller tens of thousands of dollars if the property needs major repairs or remodeling. At Little Rock Home Buyers, if we make you an offer you accept, we expedite things and get you cash fast saving the seller a lot of stress and burden. Because my house is old, in disrepair, or has majorly outdated décor, I will never be able to sell it without spending a lot of money and time. Thankfully, this is a myth and especially in today’s housing market. Due to a low inventory of homes for sale, low-interest rates, and people being on the move, investors are willing to purchase even older homes in some measure of disrepair to flip and resell. These investors can help shoulder the burden or all the repairs and remodeling and still get you a very fair cash price for the property quickly and without the headaches and hassles.
- Professional Homebuyers are Difficult to Negotiate with and Pressure the Seller to Sell. This myth could be true with some homebuyers, but not at Little Rock Homebuyers. We truly are professionals. Kind, courteous, and have a goal of a win-win arrangement with the seller. We will never pressure people to sell to us. We will look at the property, do the needed research, and make an offer that can be accepted or rejected. If the offer is accepted, things move very quickly, and we can get cash to the seller within a short time compared to most conventional real estate deals.
It is NOT a myth that professional home buyers can offer fair prices without fees and hassles.
If you or someone you know has a property in the Northwest Arkansas area that they need to sell and are interested in a quick cash transaction with no fees, no repairs, no cleanup and no hassle, contact us or read more about our process on our website and let us know if you feel we can be of help.
