5 Common Real Estate Myths That Plague Buyers and Sellers

The world of real estate, by an average person, is entered very few times in his life. So for a person to believe that he knows how real estate works based on stories and experiences of his peers, is mostly irrational.

If you’re looking to enter the real estate world, then it’s quite likely that you have heard common myths that you believe to be true. Trusting misleading myths can be deceptive. You could lose your chances of purchasing a house which is perfect for you.

Clarity can help you along the way of buying or selling a house, which is why we have compiled a list of 5 real estate myths that plague buyers and sellers below.

You can buy or sell a house without the help of a real estate agent with the help of the information on the web

It’s true not hiring a real estate agent would cut down the cost significantly. But buying or selling a house is a nerve wrecking task which is done better if you have help from a professional who has experience in this field. By hiring a well-reputed real estate agent, you will make sure that your best interests are protected and kept in mind while suggesting options to you.

You will get your desired price if you set the price of your house higher than the amount it is worth

It is a common misconception that people will end up getting better deals on their houses if they list their houses for a higher price than they are worth.

Buyers often don’t look at houses that are out of their budget or are priced too high, so you actually hurt your chances of selling your house at the right price by doing this.

Renovating your kitchen and bathrooms will get you a better deal

You probably must have heard this myth from a lot of people. The truth about it is that you will renovate your kitchen and bathrooms according to your liking, and the prospective buyers may not share the same taste as you. But they wouldn’t want to renovate something that already got redone recently. So your best option is to set your price accordingly instead of getting into the tough task of renovation.

You should sell your house in spring

This myth has originated from the fact that most of the house hunters look for a home before school starts. But you have to keep in mind that all your prospective buyers won’t be people with families or children. The house hunters can be couples who don’t have children, single men or women. Such people won’t care about the school calendar.

Real estate agents everywhere are the same

It’s absurd to think that all realtors are the same. Purchasing or selling a house is one of the biggest financial deals that you make in your life, so you have to be vigilant. Choosing an unprofessional real estate agent can be harmful to you. So you need to choose the most experienced and professional person.