Common Real Estate Myths
Category Advice
It's time to debunk some common myths about real estate!
Whether you heard them online, or your assumptions come from somewhere else, we want to prepare you with a clear and professional understanding of real estate.
False assumptions about real estate:
Let us put some of these common misconceptions to rest so you're able to approach the property market with confidence and understanding.
It's a common myth that:
Property doesn't need preparing for a sale
Don't list your home before it's ready! This is easy money that you can just as easily lose if you skip over this step on your property selling journey.
Putting a house up for sale that isn't up to standard can cause it to sit on the market and lose more and more interest over time. Alternatively, if you give your house the TLC it needs to attract attention, you could get out thousands more than you put into the staging and preparation.
A "for sale by owner" listing saves money
The first mistake here is that sellers believe that selling property is easy. If it was as easy as putting up a for-sale sign, snapping a couple of pics and getting it online, then there would be no need for real estate agencies.
In fact, "for sale by owner" properties will often cause sellers to lose money. Between overpricing the property, inexperienced negotiating, and incompetent property-transaction knowledge, there are countless money-losing mistakes that could occur when there isn't a professional involved through the selling process.
Never offer the full asking price
When there is a low supply and high demand, realistically, you need to come in with a fair to impressive offer.
Making a low offer on a move-in ready home unfortunately won't get you very far. When there are more buyers than there are sellers, you have to come in with a competitive offer. This means that in some markets, for a property you really want to secure, you might want to offer over the listing price.
All estate agents are the same
Each agent has their personal skills, gifts, and experience. This means that selecting an agent that you can trust to help you achieve your property dreams, is an important step towards success! An established estate agency will provide you with an agent who will represent your personal property interests with the best level of competency.
If you're looking for a property partner you can trust, we have a variety of agents with specific skill sets who will help you conquer those property aspirations!
Author: SAproperty.com
