There are many misconceptions regarding real estate and it can be confusing deciding the best path moving forward when buying or selling. Never fear – here are 5 Real Estate Myths that you may not know!
Myth #1: All Agents Are the Same & Will Say Anything to Make a Sale
No one in this world is the same and real estate agents are no exception! Each agent brings their own unique perspective and personality to every transaction. Because of this, it is important to find an agent who is right for you and your property!
While agents adhere to a code of ethics and must stay up to date and educated on laws and regulations, each agent has their own method of conducting business. A good agent is always looking out for their client and understands that buying a home or property is more than a financial transaction, but also a momentous life occasion!
Myth #2: Getting Pre-Approved After Finding the Perfect Home
This one is for the Buyers! It is imperative to get pre-approved before beginning your search for home sweet home. Being pre-approved for a loan will ensure less time is wasted looking at homes and properties that are outside of your budget. It is better to know what you are working with rather than being surprised when it comes to submitting an offer or even getting to the closing table! Just like they say in the Boy Scouts – Be Prepared!
Myth #3: Selling FSBO Will Save You Money
It is a common misconception that selling your home on your own will save you money. Doing For Sale by Owner may end up costing you! When working with a real estate professional, the chance of your property selling quickly and at an appropriate price increases. An agent has the expertise and skills to expertly market your property, as well as negotiate for the best offer for their client. Hire a professional in order to have the best possible sale!
Myth #4: Wait Until Under Contract to Get Home Inspected
A pre-inspection report is key when selling a home! Having a property inspected before coming to market allows for the agent and seller to be educated on what to expect going forward, as well as how to best price and market the property. Surprises are never fun when Under Contract and approaching closing. Remember – knowledge is power!
Myth #5: The Highest Price is Always the Best Offer
There are other factors to consider when looking at offers. The highest price may not be the best offer when considering the Buyer’s financing, the timeline for closing, or if the Buyers require an appraisal/inspections/etc. Always approach a real estate transaction holistically and know that price is not the only determining factor of a great sale!
If you are looking to buy or sell, know that John always has your back! His expertise, experience, and dedication to helping his clients make him stand out from the crowd. Contact John today!