Did you read on the internet that real estate market is ending? Just kidding! You can’t believe everything you read, hear or see. Surprisingly, real estate myths are abundant and easy to believe. These 5 real estate myths that rank at the top, have now been debunked!
5 Real Estate Myths Debunked
All Real Estate Agents Are The Same
This could not be further from the truth. Each agent has different experience, skills and traits. A real estate agent that has been selling property for three years and works primarily as a buyer’s agent will not have the same skill set as an agent who has been selling property for 20 years. The one trait that all real estate agents should possess is giving their clients the best possible experience.
You Don’t Need To Get Pre-Approved Before Finding A Home
This is one of the hardest myths to break. It is always best to be pre-approved before you begin house hunting. By getting pre-approved before your search, it will eliminate any chance of setbacks. It would be heartbreaking to find your dream home, write an offer and have it accepted, then to find out you’ve been declined for a mortgage. Play it safe and get that pre-approval first!
Real Estate Agents Are Rich
Real Estate can be a big money maker, but real estate is a very expensive business to be in. While it seems like an agent makes a lot of money once on a transaction, they have many expenses. There are yearly and monthly dues/fees, signs, gas to drive clients to showings, advertising, websites, health insurance, and key boxes just to name a few. After all expenses agents are lucky to walk away with 1 percent of a transaction.
Realtors Are Just Trying To Make A Sale
Definitely not! Yes, this their job to sell properties, but their business is based off referrals. They want to do well for you so you can tell a few friends about your excellent experience. Treating clients right and providing a successful experience will keep their business flowing.
Selling Your Own Home Will Save You A Lot Of Money
If you have the experience and knowledge to sell your own home, then by all means do it. But 98% people do not have the experience. How great would it be if you could just put out a home for sale sign in your yard and watch it sell. Unfortunately, it doesn’t happen like that. You could end up losing money by not hiring a professional agent. Agents have the resources to price your home accordingly. What would happen if the transactions are mishandled and 3 months down the road the buyer backs out? A professional agent knows how to handle transactions and negotiate the price and terms of the sale.
Don’t fall victim to these real estate myths. Contact us today to help you make the right decisions.
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