There is so much information out there related to real estate. From friends and family members who have recently sold our purchased a home to the number of people you may know who work in the real estate industry. However, not all of what you hear is true. It's important you have a trusted real estate adviser who can help you navigate these waters and educate you on fact vs fiction.
Here are five common misconceptions about today's competitive real estate market:
Myth #1: It's better to get pre-approved AFTER you find the perfect home to buy.
Reality: You should get pre-approved BEFORE you begin your home search, so you know your budget and can act quickly when you're ready to make an offer. It makes your offer stronger to sellers, too.
Myth #2: Always start with your lowest offer when buying a home.
Reality: It a competitive market like we have today, you may not get a second chance.
Myth #3: It's better to price your house on the high side when selling.
Reality: A house that is priced competitively will likely sell faster and attract multiple offers.
Myth #4: Renovating your house will definitely net you more money when you sell.
Reality: Some renovations may be necessary, but not all of them. Your trusted real estate agent can advise you one what's important to fix before you sell, and what's not.
Myth #5: It's safe to skip the home inspection if the house looks good.
Reality: You shouldn't skip the inspection. Is could uncover hidden problems that might cost you down the line.
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Some Highlights
- There are a lot of misconceptions about buying or selling a home today, making it challenging to know exactly how to navigate the current real estate landscape.
- Here’s a little clarity when it comes to 5 common myths about the 2021 housing market.
- Let’s connect to discuss your needs and so you can decipher facts from fiction in our local market.
