If you’re into real estate, then you know that there is a ton of information about this business out there, especially on the internet. The question then is, how much of it is true? With real estate being one of the best investments, some people have taken it upon themselves to spread lies and myths about the industry. Hence, the chances of landing on information that can mislead you are high. But fear not- this article is here to clarify some issues and debunk some of those myths.
Buyers Get Better Deals Without Agents
Do you really save money when you buy a house without passing through an agent? The simple answer is no. It is the seller who pays the agent commissionfor both the selling and the buying agent. As a buyer, it means you get agent services free of charge. This explains why most buyers choose an estate agent when buying a home. If you’re buying a house, one advantage of using an agent is that they help to negotiate the price.
Renovation Before Selling often Delivers a Dollar-for-Dollar Return on Investment
Not every renovation project will pay itself back once a home is sold. That’s because many factors go into determining the price of a home, with the location being one of the biggest. Does this mean you should not spruce up your house before selling? No. Of course, a renovation will increase its value and give you negotiating power, but it doesn’t necessarily mean you will return twice as much as you spent on the house.
The Pictures You See Online Are the Real Thing
Most real estate sellers tend to display the best images in order to attract customers. Some even tweak cameras to ensure they have breathtaking photos. However, things may be different on the ground. If you’re buying a house, it is important to visit the site and see things for yourself. Some of the photos were taken when the houses were new and are yet to be updated.
