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Top 10 Real Estate Myths - W/E August 3, 2013

By
Real Estate Agent with Keller Williams Realty

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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Posted by

Fulton Gaylord-Associate Broker, ABR, SRES, e-Pro
Certified REO Specialist, Registered HUD Agent
Keller Williams Realty
3510 Remson Ct., Ste 301 Charlottesville, VA. 22901
Fulton@kw.com
434-220-2228

Comments (4)

Joni Bailey
101 Main St. Realty - Huntsville, TX
Your Huntsville / Lake Livingston Area REALTOR®

Those are great tips, Fulton! Keep them coming. Time IN the market is normally the best bet! :)

Aug 02, 2013 02:04 AM
Gary Frimann, CRS, GRI, SRES
Eagle Ridge Realty / Signature Homes & Estates - Gilroy, CA
REALTOR and Broker

Nice list, and I totally agree with Joni above.  I've never met anyone who has timed the real estate market perfectly.

Aug 02, 2013 02:07 AM
Fulton Gaylord
Keller Williams Realty - Charlottesville, VA
1st-Time Home Buyer Realtor - Charlottesville, VA

Thanks guys!

With the H-U-G-E amounts of "information" floating out in the ether of the internet, easy to see how consumers can get ahold of some "truths" that later turn out to be just myths!

Aug 02, 2013 02:10 AM
Kathy Stoltman
Balboa Real Estate - Ventura, CA
Ventura County Real Estate Consultant 805-746-1793

Fulton, some of these just seem so outlandish, however, I think some folks buy into it, without consulting a professional real estate agent.

Aug 02, 2013 02:54 AM