Top 10 Real Estate Myths
W/E August 3rd, 2013
1. “Timing” the market is the best way to guaranty buying low and selling high.
2. You MUST secure (by contract) the home you want to buy BEFORE wasting a lender’s time with a finance application.
3. It’s a great misconception that 3-4 bedroom homes appreciate quicker and depreciate slower than 1-2 bedroom homes.
4. Working directly with a builder, without the assistance of a professional Realtor, can save you thousands of dollars and many headaches.
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5. A little known Realtor secret when negotiating a home purchase with seller, is to ask for the Washer & Dryer verbally and then switch & bait by contract for something even more valuable!
6. Regardless of your tax bracket, it’s always best to put as much money down on a property as possible.
7. Writing up a Pro/Con list for every property you view is a great way to whittle down to the one you really want.
8. Hiring a Buyer’s Agent can cost thousands of out-of-pocket cash! Better to do it on your own and grin and bear the consequences!
9. Putting offers on multiple properties is the best way to ensure you get the one you want for the price you want to pay.
10.Look for the worst kept house in the most undesirable neighborhood to ensure value appreciation later!
Look for these thought provoking lists regularly!
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