The real estate market is filled with myths that change the way that people think of the industry. Today I am proving five of them wrong.
A lot of what is said regarding the world of real estate is inaccurate, so today I'd like to debunk five myths about this industry.
1. "If it is on the internet, it has to be true." There are some incredible websites out there that share a lot of valuable information like Zillow, Redfin, and Trulia. However, you still have to do your due diligence. For example, Zillow has something called a Zestimate, which is an online valuation tool that the website itself warns you isn’t always 100% accurate.
2. "As a seller, price adjustments or reductions are bad." This is not always true. Sometimes when you do a price adjustment, you can make more money because you may not have been in the market’s sweet spot for your price range. Buyers may not even be visiting because you are overpriced. Adjusting will help your home sell and help make you money.
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The National Association of Realtors and other supporting resources have said that approximately 90% of for sale by owner, or FSBO, listings eventually end up listing with an agent.
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3. "All agents are equal." Every individual agent or team is truly different, and this is why it is in your best interest to interview several agents or teams before you make your choice. You can watch one of my previous videos about what 10 questions you should ask a potential agent here.
4. "I can make more money selling by myself rather than working with an agent." This is not always the case. The National Association of Realtors and other supporting resources have said that approximately 90% of for sale by owner, or FSBO, listings eventually end up being listed with an agent. Plus, with a FSBO listing, there are many different factors that need to be considered, including liability and the potential to misprice your home. Unfortunately, many owners have to find this out the hard way after wasting time and money. 5. "All agents market the home the same." You can discover the truth of this when you interview different agents by asking for an example of their marketing budget. If you end up with an agent who is not marketing your home and does not have a budget to market, you are losing valuable market share and market price. If you have any additional questions about the myths of the real estate market or would like to buy or sell your home, please feel free to contact me by phone or email. I hope to speak with you soon.
4. "I can make more money selling by myself rather than working with an agent." This is not always the case. The National Association of Realtors and other supporting resources have said that approximately 90% of for sale by owner, or FSBO, listings eventually end up being listed with an agent. Plus, with a FSBO listing, there are many different factors that need to be considered, including liability and the potential to misprice your home. Unfortunately, many owners have to find this out the hard way after wasting time and money. 5. "All agents market the home the same." You can discover the truth of this when you interview different agents by asking for an example of their marketing budget. If you end up with an agent who is not marketing your home and does not have a budget to market, you are losing valuable market share and market price. If you have any additional questions about the myths of the real estate market or would like to buy or sell your home, please feel free to contact me by phone or email. I hope to speak with you soon.
