The Final 5 Common Real Estate Myths


Today we’ll discuss part two of the top 10 common myths in real estate and debunk our final five misconceptions.


Today I'll be sharing the second part of my two-part series on the top 10 myths in real estate, featuring myths No. 6 through No. 10. 6. Weekends bring out the most serious buyers. When people are preparing to put their house on the market, we often hear of sellers thinking they won't be able to show it during the week, so they make showings available for the weekend only. Serious homebuyers, however, are coming throughout the week, and while you are more likely to have showings on the weekends because people are off, you may still get buyers during the week. 7. Zillow says it, therefore it is right. First, I want to say that Zillow is very rarely accurate. There is nothing more frustrating as a real estate agent than having folks come in and say that Zillow says the home is worth a certain amount. While you can get good information from these types of websites, they are very rarely accurate because they use algorithms based on tax records.

Every seller is in a different situation and has different circumstances involving their sale.
8. It is better to initially list a home on the high side because you can always negotiate it down. If you start out too high, it is actually one of the fastest ways to kill your home sale. When you initially list your home, you’ll have the most activity that you are going to have; if the price is too high, you end up missing out on people. If you try to make adjustments and catch up later, those people have already moved on to other properties and your momentum that you need to sell for top dollar is gone. Although I actually love pricing homes as the highest in the neighborhood, it has to be priced realistically so you can get the most money. 9. Multiple price reductions mean that a seller is desperate to sell. Every seller is in a different situation and has different circumstances involved in their sale. This does not necessarily mean that someone is desperate. 10. All agents are the same and do the same exact thing. This is definitely not true. If you look at the results, you can see very different outcomes depending on the team or person you hire. The people who are successful or have been successful for a long period of time are clearly doing things differently to enable them to achieve that kind of success. If you have any additional questions or are interested in buying or selling, please feel free to contact me. I look forward to speaking with you soon.
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Location: Temple, TX, USA

The Top 10 Myths About Real Estate, Part 1


There are 10 major real estate myths you shouldn’t buy into, and here are the first five.


Here are five of the top 10 most common real estate myths floating around out there and the truth behind them: 1. The agent keeps all of the commission. I’ve heard this one many times over the years. As an agent myself, I wish it was true, but it’s not. When we list a home for one of our clients, our team typically spends thousands of dollars marketing and advertising it. 2. Agents typically charge a 6% commission rate. The truth is, there is no standard commission cost among agents. Some charge 6%, some charge more, and some charge less. What kind of commission rate an agent charges should reflect the value that they bring to you. If an agent can sell your home quickly and sell it for thousands of dollars more than the average agent can, they’ll probably be worth more and cost more. 3. Agents can get reimbursed for car-related expenses. When agents are out showing houses, they have to pay their own transportation expenses. However, some of these expenses can be deducted from their taxes.

What kind of commission rate an agent charges should reflect the value that they bring to you.
4. Agents can be reimbursed for marketing expenses. Real estate companies, even the large ones like RE/MAX or Keller Williams, don’t dictate to their agents how they should market their homes. This is why, even at big-name brands, you’ll see both agents who are very successful and agents who aren’t. Because they don’t mandate any form of marketing, its up to the agent what they want to spend on marketing their homes. 5. A home either “passes” or “fails” an inspection. The purpose of a home inspection is to point out any issues that a home may have. Any home will have its share of deficiencies, and just because there are issues revealed in the inspection doesn’t mean it “passes” or “fails.” If anything, these deficiencies enable the buyer and seller to negotiate over the home’s condition and its price. Stay tuned for the second part of this series, where we’ll delve into some myths that are more related to the real estate sales process. In the meantime, if you have any questions or you’re thinking of buying or selling a home, don’t hesitate to reach out to me. I’d love to help you.
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Location: Temple, TX, USA
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