Everybody likes to talk like an expert when it comes to making an investment decision. Try to discuss things related to the real estate market in your friend circle and the chances are high that you will be cut short by people who think they are the ‘experts’ in this field.

1. Everybody likes to talk like an expert when it comes to
making an investment decision. Try to discuss things related
to the real estate market in your friend circle and the chances
are high that you will be cut short by people who think they
are the ‘experts’ in this field.

2. Some will even try to make you buy the
theory that it is a good idea to make an
investment in real estate without getting an
authorized real estate agent involved in the
process. The idea may sound tempting
given the fact that finalizing a property
deal without a real estate agent means
saving a few bucks but the consequence of
that decision can be disastrous.

4. The thing is, buying or selling a house is not
something that we do on everyday basis. But
most of us have a fair degree of knowledge of
how the real estate industry works thanks to
our friends and family members who have
probably an untold number of stories of how
they have successfully sealed a tough real
estate deal.

6. The problem is most of these stories don’t give
us an accurate picture of how the real estate
industry actually works. Which is why there is
so much conflicting information out there and
can be very confusing to understood?
Moreover, there are hundreds of such myths
going around and it is making it all the more
difficult for people who want to invest in the
real estate industry. In this article, we are going
to bust some myths to help you make a better
decision:

8. Don’t Use A Real Estate Agent – This is a common
myth and everybody around seems to be
perfectly happy to accept this on face value. If
you’re a buyer, you need to make sure that there
is a qualified real estate agency involved in the
buying process because you have nothing to gain
otherwise. What usually happens when the buyer
does not involve an agent is that the seller will
receive the amount that the agent was supposed
to receive in the process. So, you are not going to
get any benefit once the process is complete.
Also, chances are quite high that the seller will
inflate the property price. The seller is for the
benefit of the selling party, not in the best
interest of the buyer.

9. Renovation Will Help You Increase the Property
Value–This is another common misconception.
Spending large amount of money on unrealistic
additions is certainly not going to help you
increase the value of the property. Buyers simply
can’t afford to increase their budget just because
you have bought some expensive curtain. The
sooner you realize this, the better. Some real
estate agents believe that renovating the front of
a home can help to impress the potential buyers.
So, changing the door or cleaning the facade
might help you increase the price of the property.
Always speak with your agent prior to any
upgrades.

11. Open House is the Best Option to Sell Your
Property – This is another popular myth
probably perpetuated by some unscrupulous
real estate agents. It has been observed time
and again that open houses rarely help in the
buying or selling of a property. It may be
helpful for the real estate agents to get to
know people who might be looking to buy or
sell property but people rarely decide to buy
a property after attending an open house.

13. My Agent Takes Special Care of My Property – No,
he is not supposed to do that. A real estate agent
should act professionally but that does not mean
that he can’t give you some personal advices. Not
at all. But you should not have undue
expectations from him.
Listing Your Home at a Higher Price Is A Good Idea
- People are not so gullible and therefore, there
is no way you will be able to get extra money by
listing your property at higher prices than the
area permits. At best what will happen is that the
prospective buyers and real estate agents will
ignore your proposal and eventually you will have
to make compromise on the price. Do an
evaluation of your property before getting your
property listed.

15. The Market Will Go Up and Therefore, I Should
Hold This Property for Awhile - This is
another popular myth. Real Estate market is
not like the share market where volatility
rules. Here changes happen rather slowly and
that means, if you are looking for dramatic
correction in price, you will be disappointed.
These are some of the real estate myths that
we all need to remain aware of.

16. For more information visit here:
http://rogerperry.com/
Business Details:
Contact Person: Roger Perry
Address : Rodeo Realty, 202 N. Canon Drive
Beverly Hills, CA 90210
Phone: (310) 600-1553
Mobile: (310) 600-1553
Email: RPerry@RogerPerry.com