Zeller Realty - Sierra PropertiesLicense #: 00319644

Zeller Realty - Sierra PropertiesLicense #: 00319644

Misconceptions About a 'Seller’s Market'

The housing market is hot, but some homeowners may overestimate just how hot it is when they go to sell. Real estate professionals shared with realtor.com® a few unrealistic expectations that some of their sellers have had, such as that their home has doubled in value since they bought it or that they shouldn’t have to make any repairs before closing.

Not everything will sell for a price far above list price or as quickly as in a few days—or mere hours—even in this hot housing market. Real estate pros told realtor.com® that some of their sellers believe their home will sell in a few days and then become disappointed when it doesn’t. Homes that need some repairs, are in a higher price range, or have quirky features may still linger on the market, realtor.com® notes.

Also, even in a seller’s market, homeowners will still need to make repairs. Investors may be willing to overlook some repairs, but many buyers are in search of move-in ready, agents say.

Source: “6 Home-Selling Hopes and Dreams That Can Easily Turn Delusional,” realtor.com® (Dec. 13, 2021)

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