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Busting The Biggest Real Estate Myths
By Brian Bean & Tim Hardin
Everybody thinks they know how the real estate market works. Trouble is, a lot of misinformation gets unwittingly passed along.
Below, we debunk some of the most common real estate myths so that you can better, informed decisions for your family.
Myth #1: Price a home high to leave room for negotiations.
The longer a home sits on the market, the more likely buyers will avoid it, assuming the home has a defect of some kind. Statistics show interest wanes after just the first 14 days on the market. And it plummets after 30 days.
If your home is priced right, taking all factors into account, buyers will pay full price.
Myth #2: Buyers always get a better deal by going through the listing agent.
A buyer should have their own agent, especially in a real estate market with low supply and high demand.
Legally, ethically and morally, a listing agent cannot and will not cut their seller’s throat to get a buyer a better deal. And don’t expect an agent to give up the buyer side of their commission if they “double-end” the sale. Representing two clients in the same transaction increases the agent’s liability. Why would they do that for free?
Get your own agent. They will look out for YOUR best interests. And guess what. … The seller pays for your agent!
Myth #3: Buyers should find a house first, then start the mortgage-qualification process.
“Separation is in the preparation” when it comes to buying a home. If you want your offer accepted on a home, you must have all of your requirements ready to go. Sellers will require evidence of your financing along with your offer.
It can take a couple days to acquire a full mortgage preapproval. But the best houses sell quickly. If you are not prepared, you will lose the house.
Would you like to know more about the best strategies for selling or buying a home? Call us today at 951-778-9700 for a 10-minute consultation.
Brian Bean and Tim Hardin, owners of the Dream Big Real Estate Team at Realty ONE Group Champions in Riverside, are Certified Homeowner Advocates.They can be reached at 951-778-9700,Info@DreamBigRealEstate.comor at http://www.DreamBigRealEstate.com. BRE #01346382 and #01771911
Riverside CAHomes For Sale | Selling a Home in California | Buying a Home in California |Should I Hire My Own Real Estate Agent?| Should I Work with Listing Agent? |Riverside CA Real Estate Agents | Dream Big Real Estate
Brian Bean BRE 01346382 951-314-5402 Timothy Hardin BRE 01771911 951-367-5821 19322 Jesse Lane Riverside, CA 92508 951.565.8105 WE ARE A TEAM OF HOMEOWNER ADVOCATES and Real Estat....
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