There are always myths going around and this includes real estate – some are true and some can be misconceptions. Our Anne Winch Real Estate Team has put together some facts to help you understand real estate when you are buying or selling your home.
Buying myths:
1. Always start with a lowball offer
If you come in too low, you will not only upset the seller but you will also miss out on getting the home you want. As there may be numerous offers right now on properties, you need to bring in a solid offer to be competitive.
2. Real estate agents can only show their own listings
A real estate team can help you both buy and sell. They can view and show any listings on MLS regardless of who the listing agent is. That is why it is so helpful to have the same real estate team to help you with buying and purchasing. You only pay a commission when you are the seller, not when you are buying a property.
3. Only call a real estate agent when you are ready to buy
Don’t consider waiting for too long. A real estate team can help you find homes before they are listed in the MLS system. If they know the type of home you are considering, they will be on the lookout to find your home much quicker. The earlier you call your real estate team the better, as they will help you negotiate a good price, the closing date, or other important conditions for you.
Selling myths:
1. In a seller’s market, you don’t really need to prepare your home
It doesn’t matter if you are in a buyer or seller’s market, you need to prepare your home to sell it in a timely fashion. Simple preparations of decluttering, ongoing maintenance, staging, and pricing appropriately are all important factors to get your home on the market quickly and sold within a couple of weeks.
2. Real estate agents will do anything to make a sale
Real estate agents are held to a specific code of ethics. If you have the right real estate team working for you, they will be honest with you and negotiate on your behalf. They know the market and they can advise you whether your offer may be accepted or whether the home is overpriced. As our Anne Winch Real Estate Team relies heavily on word-of-mouth and referrals, it is very important to our team how we present ourselves ethically to our clients to make sure that we give them the best service possible.
3. It is better to price your home on the high side
Our Anne Winch Real Estate Team always evaluates your home in comparison to other similar homes that have sold in your area. We provide you with market and statistical information to help you understand the price point for your home. When your home is priced at your true value, you will have more traffic and more “price appeal”. You will in return have more showings and multiple offers on the table. With multiple offers, this will drive the sale of your house and in many instances, it may come close to your ideal listing price.
It is very important to always pick a real estate company you can trust to help you with the selling or purchase of your home. Our Anne Winch Real Estate Team would love to help you find the right home. Give us a call for any of your real estate needs for purchasing, staging, or selling.