Myths, fallacies, and sometimes outright falsehoods abound in the real estate industry. These old wives tales are frequently circulated amongst unknowing buyers and sellers, making them think twice about buying and selling. Usually, a little research is all it takes to uncover the truth, but they staying power of these stories is still surprising.
The fact-finding real estate agents at Flat Fee Realty are determined to educate buyers and sellers with the right three facts:
- A home must be updated to sell: With so much new construction in the area, it’s easy to assume that if a home doesn’t have walk in closets, a kitchen island, or a third floor bonus room, it won’t sell. However, many homes in extremely desirable areas don’t have these features, simply because they were built years before those features became trends. While the sales price may or may not take this into account, many times all that’s necessary is a buyer with a vision.
- Condominiums and townhomes are harder to sell: Strictly by the numbers, it’s true that there’s more demand for detached, single-family homes, but those properties also usually appeal to a totally different market than their multi-family counterparts. The multi-family market is smaller, and financing restrictions can be tough to navigate, so be sure any professional involved is experienced with these types of properties.
- New construction means no problems: A lot of buyers think, similar to purchasing a new car, opting for new construction will guarantee maintenance free living (at least for a few years). Nothing could be further from the truth. Quality of construction varies widely (inspections only check for adherence to building codes, not quality), and the unknowns of a brand new, unfinished neighborhood are numerous.
There are a lot of nuances to the real estate industry. Aside from that, trends, best practices, and laws are always changing. Perhaps that’s why most of these mistaken beliefs are so prevalent. It’s also why it’s important to have an expert agent assisting in the buying and selling process.
If you’re thinking about buying or selling a home, contact us today! Flat Fee Realty agents are waiting to make sure your decisions are based on logic, not urban legends.
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This post on selling and buying a home in the Triangle is brought to you by the team at Flat Fee Realty and is intended for informational purposes only.
Flat Fee Realty
919 342 5230
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