{"id":2175,"date":"2016-06-02T11:11:50","date_gmt":"2016-06-02T18:11:50","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=2175"},"modified":"2016-06-01T09:42:25","modified_gmt":"2016-06-01T16:42:25","slug":"common-real-estate-myths-you-should-know-about","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2016\/06\/common-real-estate-myths-you-should-know-about\/","title":{"rendered":"Common Real Estate Myths You Should Know About"},"content":{"rendered":"<p style=\"text-align: justify;\">Everyone has an opinion on the best way to buy and sell a home, but like diet advice, it may not always be backed up by facts. These common real estate myths can make the process more difficult for you as well as impacting the financial outcome of both buying and selling. Take a look at the real estate beliefs making the rounds that just don\u2019t hold up.<\/p>\n<p style=\"text-align: justify;\"><strong>Price High to Sell High.<\/strong> Setting a higher asking price doesn\u2019t usually mean you will get a better price for the home. Buyers are likely to skip the listing if it\u2019s above their budget, and thanks to online searches where a top price is set, homes even just above that amount can be left out of results. Starting high and then dropping the price often backfires. It means the house sits on the market longer, which may put off some buyers, and a reduced price makes buyers wonder why you were forced to drop your asking price. You don\u2019t want to price too low, either, but a more reasonable asking price may get more interest and more competing offers.<\/p>\n<p style=\"text-align: justify;\"><strong>You\u2019ll Save Money Without an Agent.<\/strong> As a general rule, you won\u2019t save much, if anything, by not using an agent. This is particularly true for buyers, as the commission comes out of the sale price; if you don\u2019t have an agent, the seller\u2019s agent will simply take the full commission. When it comes to for sale by owner, it\u2019s certainly possible, and yes, it will save you on the commission. However, a professional agent is likely to help you get a better selling price, which usually makes up for that cost.<\/p>\n<p style=\"text-align: justify;\"><strong>Renovations Mean Big Returns<\/strong> \u2013 Especially Kitchens and Bathrooms. Many people believe that putting money into renovating the kitchen and bathrooms will earn them a big return on investment in the selling price. Unfortunately, that\u2019s not so. Very few remodels of any kind will recoup their costs, and kitchen and bathroom remodels don\u2019t even come close. Skip the renovations and price your home accordingly, and you\u2019ll come out better in the end.<\/p>\n<p style=\"text-align: justify;\"><strong>You Need to Have an Open House.<\/strong> Having an open house rarely translates to the home being sold. It brings in the curious and gives the agent a chance to pick up new clients, but it generally doesn\u2019t sell the house. Sellers can skip this step without damaging the chances of selling.<\/p>\n<p style=\"text-align: justify;\"><strong>Your Home Value is Guaranteed to Rise.<\/strong> A lot of people buy thinking that they\u2019ll see nothing but growth in their property value and soon have plenty of equity. The housing market isn\u2019t quite the guaranteed return on investment that people expect: there are fluctuations, and sometimes major dips in the market. Longtime homeowners know that you simply weather the low points. If you\u2019re looking to flip a house or upgrade in a short time period, be prepared for the possibility that it may not go up the way you hope.<\/p>\n<p style=\"text-align: justify;\"><strong>All Agents Represent Your Interests.<\/strong> While this is often true when you hire an agent, it\u2019s not always the case. Some agents work differently as brokers and have no responsibility to represent either the buyer\u2019s or the seller\u2019s interests. Although you should be made aware of this before the transaction, it doesn\u2019t hurt to verify with the agent ahead of time.<\/p>\n<p style=\"text-align: justify;\">When it comes to the real estate process, it\u2019s always best to do your research. Choose a real estate agent you can trust and who will work for what is best for you, whether you are buying or selling, and make sure to double check what\u2019s true and what isn\u2019t when getting real estate advice.<\/p>\n<p><a href=\"http:\/\/realtybiznews.com\/common-real-estate-myths-you-should-know-about\/98733347\/\" target=\"_blank\">Common Real Estate Myths You Should Know About<\/a> by Mike Wheatley | Realty Biz News<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Everyone has an opinion on the best way to buy and sell a home, but like diet advice, it may not always be backed up by facts. These common real &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2016\/06\/common-real-estate-myths-you-should-know-about\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-2175","post","type-post","status-publish","format-standard","hentry","category-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Common Real Estate Myths You Should Know About &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2016\/06\/common-real-estate-myths-you-should-know-about\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Common Real Estate Myths You Should Know About &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"Everyone has an opinion on the best way to buy and sell a home, but like diet advice, it may not always be backed up by facts. 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