Top myths about real estate Top myths about real estate

Top myths about real estate

Thursday, April 20, 2017

Let’s be clear – the vast majority of people are involved in buying or selling real estate one or two times in their lifetime. So, everything you believe you know about real estate (or at least some parts) might be based on some false facts and myths. The truth is that it is not very difficult to face these myths in this lucrative business. As a matter of fact, many of these myths are passed from one generation to another. Some of these myths are affecting the judgment of buyers and sellers and make them become part of bad deals. So, if you want to avoid situations like this, you must learn how to recognize reality and facts from fiction. Now let’s analyze the top myths about real estate.

Renovating your home before selling is always a good idea

On the contrary, there are many situations in which property buyers have avoided renovated homes because they dislike the homeowner’s taste in design. Obviously, every seller must be sure that their home is presented in the best way, but instead of renovation, you should first clean and de-clutter your home. There is no need for redecoration a simple cleanup should be enough. Let the buyers visualize their future project and you’ll have better chance to sell your home.

Real estate prices will grow

While it is true that the current situation on the real estate market makes many people say that the prices of properties, in general, will continue to grow, it is also true that no one can guarantee this. The collapse of the real estate market that happened ten years ago is a clear reminder that real estate prices can fall and they can fall suddenly.

If you want to sell a property, set a higher price to make room for bargaining

Improper pricing is one of the main reasons that lead to long sales, but most people are not aware of this fact. By setting a reasonable price, you will be able to find the right buyers in a timely manner.

A home inspector plays on the real estate agent’s side

The fact is that every professional realtor will ask for full disclosure for any of their customers. Otherwise, they can expect a lawsuit. So, every real estate agent is obliged by the law and regulations to disclose everything they know and most of them do this. If you are following the home inspector during their activities, you will learn more about your property’s condition.

Open houses are one of the most important things when selling a property

If you take a close look at many surveys, you will find that it is not common for a real estate to be sold due to the open house. This practice increases the number of potential customers and this is the reason why the agents usually recommend them. Of course, keep in mind that an open house usually doesn’t harm this process, so it is up to you.

We hope that these debunked myths will help you!

 
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