There is so much information out there for new home owners, that it's hard to know exactly what to believe. Here are the Williams Team's Top Real Estate Myths!
#1 Never Buy The Biggest House On The Street
You should be aware that the largest house on a block or in a neighborhood is often the most expensive, which may affect its appraisal and make its price much higher than similar homes found in the same neighborhood.
#2 Real Estate Agents Are The Same
This can lead to buyers and sellers making big mistakes when selecting their real estate agent! Every agent has different skills, experience levels, and traits.Tall to them in person about what you need and expect from them from the beginning to see if they will be right for you.
#3 Getting Pre-Approved Is Done After Finding Your Perfect Home
A buyer should be pre- approved for a mortgage before they house hunt! This is because house hunting can be frustrating and time consuming among other things. Eliminate the chance of disappointment down the road by getting pre-approved.
#4 Real Estate Agents Will Do Anything To Make A Sale
Real Estate Agents are held to a very strict code of ethics and rules and regulations. Most real estate agents work off of referrals, repeat business, and word of mouth. If an agent blatantly lies to a client then you an be sure they won’t get the above business.
#5 The More You Pay For A House, The More An Agent Makes
Ever hear a friend say this: "Every dime more you pay for that house makes the agent more money, so don't trust that agent." That's a misunderstanding. The difference between $300,000 and $310,000 is about $150 to an agent. Do you really think the agent pays any attention to the commission difference of a $10,000 spread?
#6 You Can Get A Better Deal If You Don't Use A Real Estate Agent
If the house is listed with a real estate agent, the total sales commission is built into the price. If the buyers don't have an agent, the seller's agent will receive the entire commission.