9 Real Estate Myths for the Home Buyer or Home Seller

Let’s talk MYTHS about buying and selling a home. As a society, we are not real estate experts that is why we have real estate agents. Someone that can help take the pressure off when you are already dealing with a stressful life event. Not everyone buys or sells a home every day, heck, not even every year. On average, maybe twice a decade. So how are you (the “Average Joe”) supposed to keep up with all the real estate changes that are going on? Well, for the next 9 days I am going to try and help you out. I am going to fill you in on 9 myths about real estate. Whether you are buying or selling I will have some tips for you.

Myth #1: Overpricing your home.
Bad idea…for the following reasons: 1: You could miss out on a potential buyer. Had you not overpriced your home, that buyer would be taking a look at your place. 2: Yes, you can lower the price of your home but now your property has been sitting on the market for a while and has become stale and 3: (which goes hand in hand with #2) Now that your house has been sitting on the market for a while when potential buyers do take a look they wonder what is wrong with the house. Why has it been sitting for so long? Are there underlying problems? Pricing your house according to the market and not trying to be overly greedy could actually save you money in the long run.