Common Real Estate Myths Debunked!
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There’s a lot to know when it comes to Real Estate, and it’s sometimes tricky to know what’s true. Misconceptions can even deter people from buying or selling, so we're exploring a few common Real Estate myths and putting some of those rumors to rest:
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All Real Estate Agents are the same: Besides bringing their own unique personalities to the table, Real Estate Agents also possess different skills, experience levels, and specialties. Also take into consideration those that work with sellers, and those that work with buyers. It may take a little extra time and searching, but it’s worth it to find an Agent that truly fits your needs.
A 20% down payment is required to buy a home: In 2016, the average down payment was just 11% (and they are often lower!). A number of factors determine the down payment, including the buyer’s financial circumstances and price and location of the home. Also, some organizations such as the Dept. of Veterans Affairs offer no-money down loans, or first-time buyers may qualify for 3.5% FHA mortgages.
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You can skip the inspection when buying:  An inspection may add some time to the process, however it’s not worth skipping. Without an inspection you get the home as-is, including any issues that you may or may not see. A thorough inspection can save a lot of money and headaches in the end, and are needed even for newly constructed homes.

When selling your home, price it higher than it’s worth to leave room for negotiations: Thanks for the internet, buyers have become savvier than ever when shopping. Many can spot a home on the market that’s considerably overpriced, and will not take the time to look at it, leaving it sitting on the market for even longer. Ask your Agent for a comparative market analysis to help determine what may be a reasonable price for your home.
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Selling your home yourself will save you lots of money: Selling a home isn’t as easy as sticking a “For Sale” sign out front and making a deal. The transaction process can be complicated, and mistakes can be costly. Real Estate Agents bring not only experience and knowledge, but negotiation abilities, connections, and marketing know-how.