Many people hold on to an unwanted property, not realizing how much money they’re throwing away. Between the financial aspect, the frustrations, and the missed opportunity costs, owning the wrong home is likely affecting you in ways you never even thought about.
Don’t Put Up With A Property You Hate!
When homeowners are stuck on the fence about selling, they typically fall into the trap of believing one of the 5 common misconceptions we’ve listed below!
#1 – You Won’t Be Able To Find A Buyer
It’s easy to give up before even trying and think, “I don’t like the home so why would anybody else?”
Beliveing that you won’t be able to find a buyer is a common misconception but you might be surprised to find out that there are investors and occaisionally retail buyers as well who specifically look for fixxer upper style houses to renovate.
As they say, one mans trash is another man’s treasure. Don’t assume you won’t get a great price for the property until you put yourself out there.
#2 –You Won’t Be Able To Get A Great Price
If you aren’t a fan of the house yourself, you may believe others won’t be either.
“I won’t get anywhere near what it’s worth, so what’s the point?” Don’t let others push you into the kind of thinking. Just because your home might not be in the best condition doesn’t mean you won’t be able to get a good price.
#3 –One Day They’ll Fix It
This reason tends to plague a lot of homeowners in Miami. It’s easy to believe that one day you’ll get round to fixing up the home. But, unfortunately, the truth is usually the opposite. Instead, the basement will sit half-finished for another 5 years, the kitchen will remain dark and cramped, and the needed repairs will go unfixed for who knows how long.
If you were really going to fix it, you would have done so already. Even if you don’t have the finances available for big projects, you would actively invest your own time into fixing what you can! Don’t be fooled into thinking you’ll get around to it at some point. Make your life simpler. Sell now, and invest in a property that doesn’t need as much work.
#4 –The Value Will Go Up
Sure, over time property values tend to rise, however, this isn’t always the case. When the market is unstable, your property value could drop dramatically at any time. There’s nothing worse than hoping the value will rise, only to find yourself stuck with a property that’s now worth less than when you bought it.
#5 –They’ll Get Used To It
While you might get used to some of the problems, they will most likely be stressing you out whether you realize it or not. Frankly, that’s no way to live. Worrying about your property every minute of every day, paying for repairs, and dealing with problem after problem isn’t anyone’s idea of fun.
While you might get used to some things, the question is, do you really want to? You don’t have to settle. You can liquidate your unwanted property, turn it into cash, and move-on to a house that suits you better.