pixel

5 Myths About Real Estate

October 6, 2022

BLOG

5 Myths About Real Estate

With all the changes in the real estate market and all of the crazy headlines on the news, do you find it
difficult to know what or who you should believe? In this episode of Naturally NWA, I’m going to bust
five myths about real estate that you may not know. We’ll look at everything from money down to real
estate agents so you know exactly what to expect.

Your Down Payment

Myth number one is that you need 20% down to buy a house. However, that’s not the case. There are so
many loan options and loan types out there. Some even allow for zero money down.
I’m not surprised that many people don’t know this. Let’s face it: the financial part of buying a home is
one of the most stressful aspects of the entire process for most people. So many people will skip the
first step in the entire process, which is talking to a local lender to get pre-qualified.
Remember, you don’t know what you may be able to qualify for unless you ask the right questions and
talk to the right people.

Prequalification And Negotiations

Myth number two is that you will never be able to get pre-qualified. The question to ask here is, have
you asked? If so, have you gotten a second opinion? Having the right agent and the right mortgage
lender is crucial in finding out what you qualify for. A better agent will help steer you in the right
direction.

Myth number three is that to sell your current home, you need to price your house with room to
negotiate. This can be a costly myth. By hiring an experienced agent who is a digital marketing and
negotiations expert—which I am—you can have peace of mind knowing that the pricing of your home
and the negotiations are in good hands.

Commission And Agents

Myth number four is that the less commission you have to pay the more money you’ll make. Have you
ever heard the expression “you get what you pay for?” This is the same with agents. You will pocket
more with experience in marketing than with discount commissions.

Lastly, myth number five is that all agents are the same. Would you say that about you and your
profession? No, that’s far from the truth. Agents can have unique offerings that make them stand out
from the crowd. Real estate is not a hobby for our team.
We are dedicated real estate professionals who utilize our unique digital marketing strategy and vast
experience to help our clients get the best deal on their homes or sell for the maximum return on
investment.

I’m Here To Help

I hope this gave you a good idea of the truth about these five real estate myths. If you have more
questions or just want to talk about your next move in real estate, give me a call and I’ll be happy to
help.
Don’t forget to subscribe to my channel so you never miss an episode of Naturally NWA, my show all
about real estate and Northwest Arkansas. Stay tuned to see what I feature next!

WordPress Video Lightbox