Skip to main content

5 common myths real estate myths

Buying or selling a house is something we are not used to. Despite the fact most of us think we know how it works, based on the experiences of a friend or a family member. However, there are many myths that circulate about how the property buying and selling industry works. The article brings to the common myths that can trip up buyers and sellers.

Set your home price higher than what you expect to get

Listing your house for a higher price actually lowers its value.  It is because of the fact that the buyer and agents do not look at the listings that are priced above the market value.  So make sure you never set your property more than the market value. The higher price will shun the buyers from approaching you. If it sat on the market for more than three weeks, the chances of getting a buyer become bleak.

You can handle property transactions without a real estate agent

A real estate agent understands the market better than you. He is an expert in his field.  Assistance of professional is a must while looking to buy a home. They help you get the property of your choice that too within your budget. Additionally, they also help with the paperwork which is a big hassle for a first time buyer like you.

You can sell your property on your own

For selling a house, you need to get it listed, market it to prospective buyers, and negotiate the contract. You also have to deal with the issues that may arise during the inspection of the home. With all these steps involved, it is not practical to sell your home on your own. The buyers usually expect a substantial discount when you do.  It is impossible to get the same price for your house as you would get with an agent.

You will earn back what you spend on renovation

However, it is true that if you fix heating system or got repaired the roofs, you will sell your house soon. But you won’t be able to recoup what you spent.

The agents that shows your home represents you

It may and may not be. In many states, a customer has to sign in an agreement for the agent to represent him as a buyer’s agent. So, therefore, prior to starting work with one, ask the options you have.

For real estate assistance in St. George, get in touch with Southern Utah Realty. Call us for additional details or email us your queries.




Comments

Popular posts from this blog

Keep these points into consideration when planning to visit a property for your buying needs

Property visits are very important for your buying needs because they will help you in getting deeper insights into what you are planning to buy. Since, these days this step has become very crucial and imperative, each one of you must take it into consideration whenever a house buying plan is on the cards. Take a quick look at the below mentioned points to know what you need to look for when visiting a house and what kind of a mindset you need to have when going around on these types of visits. Visit each and every room present in the house. What some people do is just check one room and get settled with others because they feel that they will be similar. This however shouldn’t be your case. If you are spending money on something, make sure you are making a wise decision and this can be ensured only when you will check and verify it in a proper manner. Ask properly what is included in the deal. Sometimes you are paying extra for the items that are already placed within but howev...

Traits of a bona fide realtor!

The sale of a property is one of the biggest and most challenging chores one can ever indulge in. But while this is still easy for those who have done it a few times in past, those who try their hands on this task for the first time face the real difficulty. As a beginner, you do not only demand expert advice step after step but also need knowledge as to how this industry operates and what is the best method to survive through it successfully. Since a realtor is the best person you can look up to for the fulfilment of such kinds of requirements. Do not forget to get in touch with this person as this torchbearer is the only one that can get you through it. Take a quick look at the following to know the traits of a bona fide realtor. Going through these points will help you in ascertaining what you need to look into this agent to get the best outcome from your selling or house buying process. Tenacity is something that is a must in this agent. Since this person's activeness can...

Factors that play a crucial role in your home buying and selling process

Home buying and selling, both, are such procedures, which cannot be ignored by anyone, because them both demand equal time and patience. While, most of you know the true value of hiring an agent at this moment, you must also understand that there are certain other crucial factors that play an important role at this time and must not be evaded at any cost    Below mentioned are those factors described in detail. Take a look to know what they are and why considering them is important for your home buying and selling:  ·          You must not be in a hurry during these procedures because they demand time from you and giving it the same is your duty if you are seeking successful results. Thus make sure you take up such task for you only when you are ready and can give it the necessary attention because without it the entire efforts made by others in your deal will go in vein.  ·      ...