- There are a lot of misconceptions about buying or selling a home today, making it challenging to know exactly how to navigate the current real estate landscape.
- Here’s a little clarity when it comes to 5 common myths about the 2021 housing market.
- With these busted myths in hand, be sure to also work with a trusted real estate advisor so you can decipher local facts from fiction along the way.
Here are 5 common misconceptions about today's competitve market.
- 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.
- 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.
- It's better to price your house on the high side when selling.Reality= A house that's priced competitively will likely sell faster and attract multiple offers.
- Renovating your house will definitley 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.
- It's safe to skip the home inspection.Reality= You shouldn't skip the home inspection. It can uncover hidden problems that might cost you down the line.
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