Some Real Estate Myths That You Must Stop Believing In Right Away- Anyone who has bought or sold a property, at any given time, is somehow suddenly believed to be an armchair expert. After all, all of us know how real estate industry works. Whether it’s been 10 years since we have bought or sold a property, or 20, we believe that not much has changed in the Orlando real estate.
That is why bad information and misbelief is a dangerous combination. People think that they know everything, but in reality, they know nothing. The information they possess only aids in creating false perceptions about the industry, often accompanied by some damaging assumptions. – As the Orlando realtors state.
Some Real Estate Myths That You Must Stop Believing In Right Away
If you too believe that you know everything about real estate, read on and you will be amazed that things couldn’t be farther from the truth!
To Buy or Sell a Property, Always Follow the ‘Right’ Way
Well, there is no ‘right’ way to make a real estate transaction. Whether you are buying a property or selling it, there isn’t any ‘right’ way anymore. The traditional formality of real estate has vanished and gone out of the window. Today, the real estate brokerage is technology driven and offers a much better way to make a real estate transaction, such as offering direct or flat fees, and seller-to-buyer communication.
Weekend Brings Out Potential Buyers
Contrary to famous old belief, the weekend has nothing to do with bringing out ready-to-buy and potential buyers. According to Orlando realtors, open-to-the-community, and open house events, bring voyeurs, curiosity seekers, and nosy neighbors. All of them are just interested to see your lifestyle and your brilliant decorative ideas. The potential showings usually happen during working days. In Orlando real estate, it is actually too late to wait for the weekend to search the property of interest.
Always Price a House on the High Side to Get the Amount You Want
This is the most common fallacies in Orlando real estate. Sellers overprice their property and believe that it is an effective defense strategy against selling at a low price. But what they don’t realize is the fact that overpricing sometimes takes away buyers’ interest in your property. On the other hand, a property which is priced competitively is likely to receive more response from the get-go. The likelihood of attracting potential traffic increases significantly.
The Longer A Property Is On the Market, the Better Chances for Negotiations
Untrue! In fact, it indicates just the opposite. A home which is lagging on the market is sitting for a few reasons. It could be because of its asking price along with its layout, lot, condition or location of the home. According to Orlando realtors, any property which has an awkward layout or maybe an inferior location may also remain on the market. Chances are that the seller is being unrealistic about the asking price and want the real estate market to pay more.
All of these are just some busted myths, which hold no value to them. So if you are looking to buy or sell a property and need professional insight to avoid falling into the myth trap, head over to Megan Dowdy Realty right away.