Common Real Estate Misconceptions
If it’s your first time buying or a selling a house, the real estate market can seem like a completely different world. Even if you’re not a first-time home buyer, it can still be confusing. The good news is, it doesn’t have to be confusing. The best team of real estate agents in Colorado Springs can help you navigate through this unknown territory. From the beginning of the process, until the end, we are here to help you. It’s important to know that there are quite a few myths in the real estate world. The Platinum Group, REALTORS are here to help separate fact from fiction.
Myth: You should market your home at a higher price than what you expect to get.
Fact: While overpricing a home may leave room for more negotiation, this could lead to frustration on both ends and potential buyers may walk away. Often times, buyers have a set budget and won’t look at homes that are listed above their budget or are priced above the market value. While you can lower the price if there is no action on the listing, buyers are usually suspicious of homes that have been on the market for an extended period of time. They are also suspicious of homes that are frequently put on the market and then taken off. Correctly pricing your home when it is first listed is crucial. Having a professional real estate agent that knows the areas and the average price of other homes in your area is important. They can help you choose the correct price when listing your home.
Myth: You can get a better deal if you don’t use a real estate agent when you purchase a home.
Fact: Not using an agent to purchase a house does not lower the asking price of a house. Commissions are built into the price of the house when it is listed. If you were to buy a house without the use of a real estate agent, then the seller’s agent would receive the entire commission. Having your own real estate agent when buying a house is important. They have knowledge in the industry and they have many resources to help you. They are there to help you find your dream home and to make sure you get the best deal possible.
Myth: Selling your home yourself will save you a lot of money.
Fact: While many people believe that they can save a lot of money by selling their home themselves, the truth is some homeowners don’t understand all the factors that go into selling a home. Having a great understanding of the area and the comps, correctly pricing the home, negotiating offers, and executing all of the paperwork, are just some of the factors that go into selling a house. When you hire a real estate agent, they take care of the entire process from start to finish. While “for sale by owner” (FSBO) might seem like a great idea, it may end up costing you more money in the long run.
Myth: You don’t need a home inspection.
Fact: You should never skip the home inspection. It may be tempting to wave the inspection, especially if your housing market is hot and you are worried about losing out on the sale. When you buy a house without a home inspection, it means that you will get the house as is, that includes any problems that it may have. It’s best to make an investment and spend the money for a thorough inspection. This could save you from a lot of problems down the road.
When it comes to buying or selling a house, there are many common misconceptions you need to be aware of. Hiring the best realtor in Colorado Springs will keep you from falling for these misconceptions and can help you buy or sell your home quickly. If you are in the market to buy a new home or you are wanting to sell your home, call The Platinum Group, REALTORS at 719-536-4444.
The Platinum Group, Realtors The First Choice in Real Estate
Visit our website: www.PlatinumHomeSales.com
6760 Corporate Drive, Ste 300
Colorado Springs, CO 80906