Top Market Myths Debunked
With vast amounts of information comes vast amounts of responsibility, and while many exercise caution, there are those that promote incorrect information that can lead to more than a little bit of customer confusion.
With this in mind, we’ve decided to debunk the top real estate myths so that you don’t hinder your property process with painful pitfalls.
You Can Find All the Information You Need Online
Does the internet hold a lot of information? Yes, but does it hold all the information? Unfortunately, no.
It’s easy to assume that you may be able to make a few extra bucks by cutting out a qualified and experienced real estate agent and replacing him or her with Google. However, while the online world may indeed hold a few tips and tricks, there’s no replacing an agent when it comes to ensuring that your property purchasing process runs smoothly.
A lot of the information goes unverified and may not be location specific. The US and UK have very different laws when it comes to real estate, and it can be difficult to differentiate where the information is coming from when it comes to looking up information online.
Alongside this, you won’t get the personalised service that a real estate agent can offer. Buying or selling a home can be a tenuous process at the best of times, and when you’re looking for the best you can get, or a home that will accommodate your needs, nothing can take the place of an agent that cares.
When it comes to business, it can be easy to assume that everything is pre-planned for negotiation tactics.
But believe it or not, the large majority of estate agents (there will always be a few bad eggs) put a lot of time and effort into pricing a house as accurately as possible. From looking into the location to measuring every nook and cranny, a pricing proposal is rarely put forward with the intention of encouraging big negotiations.
Movement on price is entirely down to the will of the buyer or seller, and estate agents will only ever act as a go between – not as primary price decision maker.
While there are elements that may bring the price up or down, such as length of time on the market or how quickly the owners want the property sold, the asking price generally reflects the value of the home and nothing more.
Whenever you catch yourself looking into tips to sell your home quickly, chances are you’ll be told to neutralise your home as much as possible if you have any hope of selling.
While it is true that lighter colours can help enhance your space and make everything look a little fresher, you don’t need to resort to extensive redecoration in order to attract prospective buyers.
A little character in your home can often add to the charm of your property and, if your home is family orientated, there’s no harm in sharing the memories that have been made there.
Many buyers are looking to make their own familial memories themselves, so keeping just that little bit of personalisation may be better than a cold an empty space.
Commission is an Estate Agents Number One Priority
Don’t get us wrong, we do need to make money in order to continue doing what we love, but it’s not what makes our world turn.
More often than not, estate agents have worked hard to ensure complete trust and transparency with their clients, so doing a dodgy deal in order to get a little bit extra commission is not what it’s all about.
We pride ourselves on building a good rapport and reputation within the area we work in, and are very aware that all that effort can be quickly destroyed by a bit of money grabbing here and there.
A Break in the Chain is the End of the World
Arguably one of the most frustrating aspects of real estate is a break in the so called ‘chain’. While this may be a pain, it’s not as dramatic as many would have you believe.
Sales falling through or sellers changing their mind is a common occurrence in real estate, and although it may slow things down slightly, a good estate agent is always prepared for the worst.
With the housing market having been somewhat unstable in recent years, agents have been accustomed to dealing with last minute changes and ensuring limited damage is done to your hopes of buying or selling a property. So, if there’s a chink in your chain, don’t worry as your agent will have your back.
About Us
We here at Hugh Grover are dedicated to staying on the forefront of real estate and ensuring that each customer is given the personalised experience they deserve. If you’d like to take a look at what we can do for you, you can do so here.
Top Market Myths Debunked
