TOP 5 New Year Resolutions - REAL ESTATE MYTHS THAT CAN HURT

By
Real Estate Agent with Godzyk Real Estate Services NH License 033394

Want to ride the Real Estate Ferris Wheel? It is your choice, go round and round or learn how to BUST these Real Estate myths. They come from a mix of Main Stream media? "Not so" Real Estate Reality shows? Do-gooders? and or inexperienced agents? Real Estate myths sure can hurt a consumer more than help them.

 

The key fact is that no matter where they come from, the recipe to beat these myths is to understand how the Buying or Selling process works.

 

As a consumer you have the power to defeat this evil. You have the power of choice which is to choose the a good agent who is willing, ready and able to guide you through each step of the Real Estate process.

 

The TOP MYTHS ready for some myth busting:


1. MYTH: ALL LISTING AGENTS ARE THE SAME:  All agents are not created equal, so your choice in agents is one of the most important steps. You will want to hire a LISTING AGENT who is FULL TIME, FULL SERVICE and WELL EXPERIENCED with Listing, negotiating and selling SHORT SALES. Experience does not coming from taking classes, reading books or watching a negotiation. It comes from actually listing, negotiating and selling them. Do not be fooled....

2. MYTH: ANYONE CAN SELL THEIR HOME USING A SHORT SALE: In order to complete a short sale, a seller must be able to show a "hardship". Some examples are: not being able to afford your monthly payment, losing a job, illness, divorce, death or job transfer to another state. If you owe more than the house is worth and do not have another hardship, you could be denied.

3.MYTH: THE AGENT THAT GIVES YOU THE HIGHEST VALUE SHOULD ALWAYS BE THE ONE TO USE: Pricing the home will determine if anyone looks at it and how quick it will sell. Pricing a home too high means no one may even look at it. Pricing it to low means your Short Sale will probably be rejected costing you time and your chance for a short sale.Do not be tricked into someone giving you a high value just to get your listing only to tell you in a couple of weeks to slash your price. 

4. MYTH: BIGGER IS BETTER: Do not get tricked into thinking that a bigger company is better. As a consumer you should focus on choosing the right agent. The agent with the most sales is probablily the one that is available the least for personal service when you need them.. 

5. MYTH: DISCOUNT BROPKER ALWAYS SAVE YOU MONEY: Discount Brokers often mean discount services. in a haste to save money it could cost you. Full service agents will offer more resources, time and effort to get your home sold quicker and at the best obtainable price.

6. MYTH: A LOWBALL OFFER SHOULD ALWAYS BE YOUR 1ST OFFER: Many markets are seeing the amount of homes on the market at levels less than half of just a few years ago. Prices are selling in days in some cases. By making a LOWBALL offer, you may liose the chance to buy your dream home.

7. SHORT SALES ARE TOO DIFFICULT TO USE TO BUY OR SELL A HOME WITH. This is one of the largest myths. Everyone hears the horror stories about short sales taking 6 months to a year but no one hears about the short sale that only took 3 weeks for me to get approval and 4 1/2 weeks to close. The truth is a short sale only goes as well as the listing agent is experienced in the listing, negotiating and selling of short sales. Banks are easier to work with these days, they are receptive to short sales. The banks however have no tolerance for incomplete short sale packages or agents who price homes way below market value to attract more buyers. Choosing a local agent who is well experienced can assist a home owner to sell if they owe more than the house is worth or if they are behind in their mortgages. They can also help buyers who have some time and patience to get a great deal.

 

In the end "The MORAL to this story" is that a great agent can bring great results.

 

Everyone should know that All Agents are not created equal and every buyer or seller should take the time to hire the BEST not just the biggest Agent or Company. It is important to Hire the BEST Agent. In NH that could be me.  

 

 

By using a philosophy, which is simple, to provide more personal and professional service to guide my clients through each step of the buying or selling process, I can help you find your dream home .

  

 

                                 

It does not take magic to turn your "For Sale" sign into a "Sold" sign. It takes a full time Local Agent who specializes in Listing homes like yours.

 

 To CONTACT Scott Godzyk please call 603.661.2121 or EMAIL: Sctprop@aol.com .

 

About the Author: Scott Godzyk is the Owner/Broker of the Godzyk Real Estate Services in Manchester NH. Proud to be locally owned and operated with 30 years of experience, Scott is a leading Agent for Listing and Selling Homes in this area.We are Full Time Agents ready to serve all of your Real Estate needs with an infamous philosophy, which is simple: To provide more personal and professional service to guide my clients through each step of the buying or selling process. 

 

You can search for Manchester area Homes For Sale by clicking here. what is for sale by clicking here.

 

 

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Rainmaker
361,192
Marnie Matarese
DWELL REAL ESTATE - Sarasota, FL
Showing you the best of Sarasota!

Myth #3 is the one that is the most detrimental to most sellers.  And yet, time after time I watch their asking price decrease month after month until it finally reaches the price I would have listed it at.  

Jan 01, 2017 06:06 AM #1
Rainmaker
1,067,812
Donald Urschalitz
One World Realty Inc. - Jupiter, FL
P.A. Realtor ABR RSPS North Palm Beach County

Excellent hope 2017 threats you well.

Jan 01, 2017 06:16 AM #2
Rainmaker
2,685,063
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker

Good morning Scott. Glad I pay no attention to myths! They are truly scary! Enjoy your day!

Jan 01, 2017 06:16 AM #3
Rainmaker
1,432,778
Sandy Padula and Norm Padula, JD, GRI
Realty National - Carlsbad, CA
Presence, Persistence & Perseverance

Scott Godzyk Good list and there are so many others perpetuated by the agents, themselves. Guess the dumb  are led by the dumber!

Jan 01, 2017 06:29 AM #4
Ambassador
3,719,869
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

I agree that #3 is the biggest myth. I lost 3 listings last year because of the inflated prices agents gave the seller. In the end they sold at the price I told them. Have a very prosperous 2017, Scott.

Jan 01, 2017 08:37 AM #5
Ambassador
2,635,568
Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Scott - There's great advice all ver this post. Happy New Year - may 2017 be your best year ever.

Jan 01, 2017 09:30 AM #6
Ambassador
2,945,739
Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

These are all definitely myths.  With the right real estate agent, none of this is true.

Jan 01, 2017 10:01 AM #7
Rainmaker
2,440,661
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Good morning, Scott. Good ones... how about "what you paid for your home, what you invested in your home" matters.

Jan 01, 2017 10:14 AM #8
Rainmaker
2,178,547
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Each and every one of your listed myths is important for home buyers and sellers to know, Scott!

Jan 01, 2017 04:33 PM #9
Rainmaker
2,665,529
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Marnie Matarese it happens often, home owners love the higher prices but often not realistic and end up delaying a sale or having no sale

Jan 03, 2017 07:05 AM #10
Rainmaker
2,665,529
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Thank you for the comment Donald Urschalitz 

Jan 03, 2017 07:06 AM #11
Rainmaker
2,665,529
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

They sure can be Wayne Martin so many people think if it is online it must be true

Jan 03, 2017 07:06 AM #12
Rainmaker
2,665,529
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

True story Sandy Padula and Norm Padula, JD, GRI NMLS#1483386 , last day in Key West for me, flying out soon. 

Jan 03, 2017 07:07 AM #13
Rainmaker
2,665,529
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

I just lost one last week Debbie Reynolds , i told them the real value, real market conditions and this other agent boosted the price and got the listing. With condos though, everything is the same, size, style, and value, so over pricing will mean no sale 

Jan 03, 2017 07:08 AM #14
Rainmaker
2,665,529
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Thank you Dick Greenberg , it was my best year since 2005 and 2017 is starting out exceptional, 3 days in already 1 new sale and 3 offers on another. 

Jan 03, 2017 07:09 AM #15
Rainmaker
2,665,529
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

So true Chris Ann Cleland, that can solve all of these myths 

Jan 03, 2017 07:10 AM #16
Rainmaker
2,665,529
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Good point Nina Hollander , thanks for the comment

Jan 03, 2017 07:12 AM #17
Rainmaker
2,665,529
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Thank you for the comment Myrl Jeffcoat 

Jan 03, 2017 07:12 AM #18
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