5 Real Estate Myths

 A myth can be defined as a widely held but false belief or idea.

 

#1 "All real estate agents are the same"

This couldn't be more wrong, every agent possesses different skills-knowledge, experience, personality traits, etc. So find an agent who fits your specific needs and is willing to work hard with your best interests in mind.

 

#2  "Pricing a home higher so there's room for negotiations"

This myth can potentially lead to a home that sits on the market for a long time.  Todays buyers are highly educated thanks to all the information available to them and they're not going to waste their time with a property that is over priced.

 

#3 "Getting approved for financing doesn't need to happen until after finding your home"

This mistake can be devastating. A buyer should want to be pre-approved for a mortgage before house hunting. Imagine finding the home of your dreams after months of searching, making an offer, having it accepted, just to find out you've been declined for a mortgage. Being pre-approved can eliminate a lot of frustration and has significant advantages, so please do yourself a favour and get pre-approved.

 

#4 "It's best to sell your house in the springtime"

While real estate is seasonal that doesn't necessarily mean spring is the best time to sell your house. There's fewer properties on the market in the winter months which means more chances your home will stand out! Another advantage is if buyers are willing to bundle up in their winter attire, coats, mittens and hats they are motivated and serious about buying a house, and wouldn't you rather 20 motivated qualified buyers coming through your home as opposed to 80 tire kicker buyers just wasting your time.

 

#5 "Experienced agents are always the best agents"

Experience doesn't always equal knowledge.  What is essential in a real estate agent is honesty, availability-you want someone who will be available to you, a clear understanding of your expectations and a good positive attitude can be more valuable than length of a career.

Sarah Eden

Sarah Eden

Sales Representative
CENTURY 21 Heritage House Ltd., Brokerage*
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