3 Big Myths About Home Shopping

3 Big Myths About Home Shopping

I’m here to save you pain, buyers. There are myths about the home shopping experience that must be addressed. I like to make the home buying experience as stress-free as possible, so please hear me out on these three big myths about home buying:

Myth #1: “That house has been on the market so long I bet we can work the seller down easily.”

Not necessarily. A high number of days on market could mean almost anything. The seller could be bullheaded about their price. The seller may not be particularly motivated to sell for emotional or other personal reasons. Don’t forget: A sales-weary seller isn’t likely to respond to your host of rational reasons why their house should be a bargain. 

Myth #2: “I want to look at foreclosed homes because they’re a real bargain and the banks need to unload them.”

Banks, like entrenched sellers, don’t always make decisions which seem rational based on obvious information. You can have a hard time figuring out the reason a bank chooses to reject an offer for a foreclosed or distressed property, and their decision may be based on financials which seem completely counterintuitive. The truth is, many distressed sales can be longer and more challenging than regular sales.

Myth #3: “I like this house a lot, but with this market, I bet it will still be there in a few days if I decide to buy it.”

It’s very, very painful to see a client love a home but fail to make a move to purchase that home. If you fell in love with it, why wouldn’t someone else? Just because a property has been on the market a little while doesn’t mean it will stay on the market. The bonus myth in this one? Your “perfect” home is probably going to be a home that comes with some small compromises. If you don’t make an offer on a home, you’re effectively saying, “I’m comfortable losing this home.”

My job as an agent is to represent your interests and do my best to protect you along the way. If you’re pursuing a home purchase, now or in the future, please get in touch. There are many other ways I can lower your stress and help you find a great home:

Contact Steve at AskFiorella.com, call him at 952.223.0900 or follow him on Twitter @SteveFiorella.

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Phone: 952-223-0900
Dated: June 24th 2015
Views: 1,778
About Steve: While spending his days in technology sales, Steve realized that his love for helping people and fri...

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