Regardless how these stories started, too many myths in the real estate industry are causing customers to assume things that just are not true. Before you secure the services of a local realtor, this relationship will get off to a better start if you know all the facts before assuming anything.
These are a few myths in the real estate industry that your local sell my house fast broker wanted to help clear up.
Listing Higher Means More Profits
One of the myths in the realty market is costing sellers more than just money, but valuable time. Many sellers are under the impression that as soon as they list their house for sale, they should list high and then simply drop the price a little each month until they get their asking price. Your real estate agent will tell you this is not a wise decision for several reasons. For one, you are shutting out buyers in a certain price range when you go too high, they may simply never get to see your house despite being qualified.
Another thing, as you begin to drop your price, the house listing goes stale and the buyers get smart when they see the constant price dropping and just wait you out.
The Real Estate Agent Gets a Salary
You might think that because the real estate agent is always on their phone, always on social media, constantly showing house, running open houses, and attending home inspections, they must get a salary from their brokerage. The simple fact here is your real estate agent gets nothing unless the house sells, then they earn a small commission. All that running around is on their time, and if the deal falls through, they get zero.
All that time you spend with your agent is their time, and they have many clients like you that want their attention too. They work so hard to ensure these deals go through.
The Home Passes or Fails the Inspection
Another common myth in the real estate world is that after the house is inspected, it either passes or fails. The truth is that the home inspection crew are doing a service, and they simply provide the homeowner with a report of their findings, good or bad. The inspection crew does not recommend the customer buy or pass on the house, their job is to only bring to your attention things that may or may not be an issue moving forward.
The inspection team will give their assessment of what they discover, and it is up to the buyer to look over the details and proceed with caution. The house will not pass or fail the inspection, the report will only unveil details of issues discovered.
As you can see, many of the things you assumed about real estate and those working in this industry just are not true. Hopefully, you now have a better understanding of how things work and what you can expect moving forward.
