Many individuals keep an undesirable property too long, not understanding what it is really costing them. Between the financial aspect, the frustrations, and the lost opportunity costs, owning the wrong home is likely setting you back in ways you haven’t even thought about. Here are the 5 common myths people have about owning the wrong real estate in New Orleans.
You Won’t Be Able to Find A Buyer
Many people who feel stuck or burdened by an unwanted house, hold on to it for longer than they should because they don’t think anyone else will want to buy it. However, there are typically investors and those looking for a fixer-upper who are looking for a property just like yours. 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. You can start with a free, no-obligation offer from Louisiana Direct Home Buyers!
You Won’t Be Able to Get A Good Price
If you’re a fan of your home, you may underestimate what others think about your house. You may have persuaded yourself that you would not be able to get a decent price just because the house isn’t the prettiest on the block. This, however, is not the case. Contrary to popular belief, professional buyers do not always look to “nickel and dime” you and drive hard bargains. Professional home buyers such as Louisiana Direct Home Buyers will pay you a fair price no matter the condition of the property or the situation you are in.
One Day They’ll Fix It
Too many people hang on to a property with the hope of repairing it, but they never get around to doing it in the end. Instead, for another 5 years, the basement will sit half-finished, the kitchen will stay dark and cramped, and the needed renovations will go unfinished. If you were just trying to repair the house, you’d already have it done. If you holding onto a property solely for the price it may bring one day, you might want to find an existing house that can meet your needs today.
The Value Will Go Up
Certainly, property prices appear to increase with time, although this is not always the case. If the markets are unpredictable, homeowners need to be mindful that their property value can drop drastically at any moment. Hoping the value will increase, there is nothing worse than buying a property that is worth less than when you purchased it as time move on. If you feel like you are stuck with the wrong house, the time to sell it is now!
They’ll Get Used To It
Although you might get used to some of the issues that annoy you in your house, you might find those problems driving you nuts. Living in a house you hate is, frankly, no way to live. It isn’t fun for anybody living in a property they dislike while facing daily pressures and costs for maintenance issues, and problem after problem. Although you can get used to living with these problems, do you really want to? You don’t need to settle. You can liquidate your unwanted property, turn it into cash, and move-on to a house that makes more sense for your current situation.
If you own a house in which you’re not fully happy, don’t trick yourself into believing that it’s what you should settle for. There is no law that states that you must forever own the property.