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5 Common Real Estate Myths Exposed

I’m sure most of you have heard some of the common real estate myths out there. Although they may contain some truth, they tend to be fairly black and white instead of the gray area that lives somewhere in the middle. Here are some of the more frequently heard myths and the real truth about them. 1. The first offer is always the best. This one is usually true. When a home first goes on the market, it has the most appeal to buyers. It is usually when you will have the most activity and hopefully generate an offer. Generally, the longer the home is on the market the less the offers tend to be when they come in. Buyers assume if your home as been on the market awhile the seller is desperate to sell or there is something wrong with the property. Either way, the offers tend to get lower the more days it has been on the market. 2. If your house sells quickly, it wasnít priced high enough. This is usually not true. If your home sells quickly, it was priced correctly. Buyers are smart these days and do their homework. A buyer knows when a home is priced competitively and will choose this home more often than one they know is overpriced. A home that is priced correctly will usually sell for closer to asking price and in a shorter amount of time as opposed to an overpriced home that will take longer to sell and will usually have to settle for a much lower price. 3. I donít have to fix anything, I...

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