Real Estate Myths
Whether you live in San Diego California, or Buffalo Grove, Illinois, a real estate career can be very stressful. Although I love what I do- its important to make light of it at times and laugh! Laughter is the best medicine. One of my favorite real estate bloggers, Greg Nino discusses 14 real estate myths that may hit home to many of us real estate professionals.
1. Cash is king and with it not only can you get a good deal on the home, but you can also take the sellers soul, retirement and unborn grandchildren too.
2. You can have bad credit, no job, no money and buy a foreclosure for $500.00 all while eating a yellow lobster at Red Lobster.
3. When you represent YOURSELF the listing agent will forfeit his 3% commission to you. He'll also pay off your college loans and mow the lawn of any house you buy for the next 25 years.
4. You can be a savvy and profitable investor by listening to CD's because you are just as unique and clever as everyone else in the convention center on that particular day.
5. When values drop, sellers immediately have more equity to negotiate. The rest are liars and full of greed and very unreasonable.
6. Zillow provides home values that are consistently worthy.
7. Realtors are very wealthy. They make hundreds of thousands of dollars a year and they only work about 2 hours a day.. all while buying themselves expensive jewelry and purses.
8. If you pay close attention you can flip houses like Armando does on TV and make millions.
9. Home Inspectors have equipment that allows them to see through walls, the ground and foundations. These tools are issued by the Real Estate Commission and are regulated, overseen and mandated by the Federal Inspection Authority.
10. Realtors live 20 feet from ANY house you want to see and are always there to unlock the door; even if it's 6:07 in the morning on Christmas Day.
11. Realtors know the price, comps, tax information, square footage, builder and type of lumber used on any house in the the entire city. This information is injected into their cerebral cortex upon graduation from Real Estate School. Each year we plug a USB cord into our ear & all the information is updated. No charge to consumers of course. The wires are Monster Cables.
12. Loan Officers are all scammers. They have horrible commission breath and usually fly their private Leer jets during the day why Realtors do all the work.
13. Title Companies are open on the weekends, after 7 p.m. and have all the answers to the world. Just ask them.
14. You can get a loan at 0%. In fact.. they are some loans that actually pay you each month. You just have to take a class, fill out some paperwork and vote for Obamanation.
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The information contained in this blog is believed to be reliable and while every effort is made to assure that the information is as accurate as possible, the author of this blog, and its comments disclaim any implied warranty or representation about it's accuracy, completeness or appropriateness for any particular purpose. All information is copywritten and the property of Greg Nino.
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