When learning about real estate it can be difficult to know what areas are factual and what areas are known to by common myths in the industry. Therefore, we wanted to help spread light on common misconceptions by going over each one in detail. The myths listed below are some of the most mistaken facts we typically see when helping homeowners and homebuyers!
All Real Estate Agents are the Same
A big misconception is that all real estate agents are the same and will give you the same amount of professionalism and service as all the others. If you have a bad experience with a real estate agent then it's best advised to try another one rather than never wanting to deal with them again. One agent might be bad but another can be amazing waiting for you just around the corner. Also, the opposite can occur as well if you have a great experience with an agent then the best decision is to always do business with them. That way you can avoid having a bad experience with a different agent in the future.
Renting is Always Cheaper than Buying
Renting may always seem like the cheaper option, especially in great towns like Waltham, MA. However, this is not always the case for most people. If you believe you have the money and time to purchase a home then it may be the better option. A home is an actual investment in which you can earn money for years. therefore, if you can see yourself living in the same area for at least 10 years then buying a home may make more sense.
Price Your Home Higher When Selling
When selling a home, a lot of new sellers believe it's best practice to list your home higher than the typical market price to leave room for negotiation. Whilst this can help in some instances, it is known to do more harm than good. This is because a very high price can scare off potential buyers from submitting offers. Some may think you are too far to negotiate to a real price and would rather go to a more reasonable home. Therefore, make sure to keep your price in a reasonable range that would make both you and the buyer happy.
You Should Always Renovate First
One of the biggest misconceptions about home selling is the need to renovate your home. Most homes are already in pretty good condition and do not need large renovation projects. Whilst remodeling a bathroom or kitchen is great it is certainly not necessary. Typically simple fixing up, cleaning, and a paint job can do wonders for you on its own when selling your home.
You can Pass or Fail a Home Inspection
A huge myth around home inspections is that you can pass or fail one. In reality, there is no letter grade or fail options when dealing with a home inspection. Instead, an inspection is meant to give a detailed view of which areas of the home need to be serviced and which areas are beginning to deteriorate. It is meant to be used more so as a guide and a home review rather than a passing or failing grade.
Get Help From a Professional Realtor
If you’re looking to purchase a home in Massachusetts then contact the best real estate agent in Waltham, MA, Hans Brings. He and his team have helped numerous homeowners sell their homes and buyers purchase their dream home. If you’re looking for a real estate agent you can count on, then call Hans Brings today!