Aaron Luttrull concludes his 3 part series on Real Estate myths.
1. Your Mortgage is Your Only Monthly Expense - Nope. You will have utilities, insurance, property taxes and maintenance as well on a house.
2. Your Accepted Offer is Set in Stone - Not true. If you decide to make a big purchase in the middle of a transaction, that can mess up your closing. Inspections might bring to light a few things or a seller may refuse to work with a buyer on repairs.
3. All Agents Make a Ton of Money - Not true, in fact the average they earn is lower than a lot of other professions. Plus, they have to pay for all their own supplies, marketing and any other tools a self employed individual has to pay.
4. Agents Will Say Anything to Make a Sale - A few bad apples are out there, but a Realtor has to abide by a Code of Ethics to remain in the National Association of Realtors.
5. Open Houses Sell Homes - Nope. Usually these are good for the agent to get new leads, not sell the house.
6. Selling On Your Own Saves Money - Not paying a commission may seem like you are saving money, however statistics show that when a sale is all said and done, using an experienced Realtor will put more money in your pocket with their help. They supply all the marketing and take care of all the issues for you as well. They also have a network of agents that can help sell your house faster.
7. You Should Always List the House High - Over pricing can turn away a lot of buyers right away and then a home may sit on the market for a while and become even less desirable. A Realtor knows how to price it correctly for your particular market to get the best and quickest results.
8. You Absolutely Need a Real Estate Agent - Unfortunately, this isn't true as well, however an experienced Realtor can help you with so much more than just listing your property for you. Be sure to interview and contact a highly recommended one to see what your Realtor can do for you!