There are a ton of real estate myths out there. Many come from people who aren’t particularly familiar with the world of real estate. But they feel they are, so they put forth all sorts of ridiculous claims, advice, and warnings. Just because someone purchased a home 15 years ago doesn’t mean the process is the same today. Quite the opposite, in fact. Unfortunately, even when incorrect or outdated information is repeated over and over again, it becomes “fact” in the minds of many.
Here, we are going to do our best to dispel some of the most frequently encountered real estate myths.
A High Listing Is the Best Way to Go
No, it is not. Sure, you want to get as much as you can for your home but listing it at some exorbitant price isn’t going to help anyone. A good real estate agent should be able to tell you if the price you have in mind for your home is reasonable or out of touch with reality.
You Can Save Money When You Go With “For Sale by Owner”
No, you will not. There are so many downfalls here, they are too many to list at this time. Suffice it to say that the time, energy, and money you end up putting into selling your house by yourself will make you wish you could turn back time and go with a professional realtor right from the start. Remember, as well, there’s something to be said for the experience and industry knowledge an agent brings.
You’ll Sell Your Home If You Have Lots of Open Houses
Actually, that’s not very often the case. How many homes do you suppose are sold as the result of an open house? In reality, only approximately 2%. So, it won’t sell your home, for sure, but it can help.
Only After Finding the Right Home Does Pre-Approval Happen
This simply isn’t true. Actually, before you even start house hunting, you should be pre-approved. What’s more, this is a huge advantage if it comes down to a bidding war.
To Make a Sale, Real Estate Agents Will Do Just about Anything
Honesty between a client and a real estate agent is imperative. A real estate agent who will say anything and do anything just to get the business of a client isn’t worth dealing with. Agents are held to regulations, rules, and a strict code of ethics.
Real Estate Agents Make Lots of Money
Despite what you may think or have heard, this is very seldom the case. Only a small portion of a home sale goes to a real estate agent. A 6% commission will likely have to be split between two realtors, which doesn’t leave a lot of meat on the bone.
Don’t Get Wrapped Up in Real Estate Myths – Go with NJLux Real Estate
To avoid the pitfalls and falsehoods involved with buying a New Jersey home, a smart move in the right direction is choosing an exemplary realtor. Allow me to introduce myself – I’m Joshua M Baris. I’m the author of “The Essential Guide to Buying and Selling Luxury Real Estate”, and I have a proven track record of successful real estate endeavors, in part, through the utilization of online marketing and social media.
I would love to be your go-to supplier for information on New Jersey homes for sale in Teaneck, Ramsey, Norwood, Haworth, Edgewater, Cliffside Park, Upper Saddle River, and a vast array of other New Jersey neighborhoods. Let me show you some incredible luxury real estate/New Jersey listings.
Call me at 201-771-1969 or email me at josh@njlux.com. Let’s discuss real estate! Private message me through Facebook at m.me/njlux or, if you’d rather, fill out and send in the online form on my website.
