Home Buying Myths
A generation ago, buyers didn’t have the luxury of the Internet to research and investigate real estate. Today, of course, many enter the real estate market with statistics and information gathered online.
It’s important that real estate agents be prepared to watch for and potentially debunk a buyer’s myths about the home buying process. If myths go unchecked, buyers may hold back from negotiations or even the home purchase because of things they think are true—but aren’t.
Here are the home buyers myths that buyers bring with them to the process.
Working directly with the listing agent will get the buyer a better deal
Buyers should never offer full price
Spring and fall are the best time to buy
Always leave room for negotiations after inspections
A buyer must put down 20 percent to get a loan
A buyer with a loan can’t compete with a cash buyer
Buying real estate guarantees appreciation
Educating the buyer is part of my job
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