Debunking popular real estate myths
Misconceptions include notions of a ‘perfect’ house; that length of time on the market means easier negotiating; that lowball bids are OK in a buyer’s market; that distressed property sales are easy and cheap options; and that prices will continue to fall in down markets.
When it comes to real estate, all is not always as it seems. Many buyers — and some sellers — labor under misconceptions that could sink their housing aspirations.
Take the notion that you will hunt for a house until you find the “perfect” one. Sorry. There is no such thing as the perfect house. Even gently used houses come with blemishes. And new homes rarely, if ever, have absolutely everything you want at the price you want to spend.
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Great article and thanks for sharing. A very refreshing perspective on looking at real estate.