It doesn’t matter if you’re selling real estate or a house, it’s still something that most people don’t do very often in their lives. Market myths are the same no matter where you are or anywhere houses are for sale.

Everything that involves selling or buying

Most of those who sell or buy don’t really understand everything there is to do. There are many things about the industry that are just myths and don’t really show how the real estate market really works. The problem is that some of these myths can affect your chances of selling or buying the right home at a good price.

Prices

Listing your home for too high a price could net you a lower price. The reason for this is that those looking for a house very often do not look at any property that is priced at or above market value. Of course, you can always lower the price if you don’t get a lot of traffic, but that brings other problems. Buyers are often suspicious if homes have been on the market for more than three weeks. In some areas such as large cities where multiple offers are quite common; Sellers actually price homes for less than expected in the hope of getting several offers above the asking price.

Buying without an agent saves commission

It looks cool, but it’s actually a myth too. When a home is listed with an agent, the full commission is included in the price. If buyers do not have an agent, the seller’s agent will get the full commission; In other words, even if you’re not using an agent, the commission is still there.

sell it yourself

There are people who do sell houses on their own and are very successful. But it really takes a great skill set to sell your house, such as:

• online listing

• Online/Offline Marketing

• Contract negotiation

• loan applications

• Inspection Related Issues

That doesn’t mean it’s not possible to do it yourself, but it’s easier with an agent.

The market only goes up

Wrong again: Recently, home buyers and sellers have experienced an increase in home values. But they can decline just as sharply during a period of slow economic growth leading up to another time of rising values. A lot of people don’t understand that the market goes both ways.