Chris  Schmidt
Chris Schmidt

2021 Real Estate Myths

2021 Real Estate Myths

Here are 5 common misconceptions about today’s competitive real estate market. Know what they are so that you can avoid troublesome transactions in the future.

Myth 1: It’s Better to get pre-approved after you find the perfect home to buy.
Reality: You should get pre-approved BEFORE you begin your home search, so you know your budget and can act quickly when you’re ready to make an offer. It makes your offer stronger to sellers too.

Myth 2: Always start with your lowest offer when buying a home.
Reality: In a competitive market like we have today, you may not get a second chance.

Myth 3: It’s better to price your house on the high side when you’re selling.
Reality: A house that’s priced competitively will likely sell faster and attract multiple offers.

Myth 4: Renovating your house will definitely net you more money when you sell.
Reality: Some renovations may be necessary, but not all of them. Your trusted agent can advise you on what’s important to fix before you sell, and what’s not.

Myth 5: It’s safe to skip the home inspection if the house looks good.
Reality: You shouldn’t skip the inspection. It could uncover hidden problems that might cost you down the line.

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