Koester Homes Real Estate Blog

“Agents can only show their own listings.”

FALSE

Agents can show you any home no matter what company has it listed. You should have one agent representing you the whole way through. Searching for homes can be extremely overwhelming. Online descriptions of homes are not always reality. It’s good to have a professional that can be hands on in the process to keep your needs and wants in the forefront of their mind as they are going through homes and hearing of new upcoming properties.

“Throw out a lowball offer to see how low you can get the sellers”

FALSE

This usually is not a good tactic. It sounds good in theory, but can offend many sellers and they may not even counter. You run the risk of completely losing the property if it’s a hot buy. If both parties are far off and can’t see a middle ground initially, it can cause you to pay more money in the end.   

“Spring is the best time to sell”

FALSE   

You do typically have more homes on the market in the spring. This started because families would plan their move around the school year. According to Zillow, now more than half of buyers aren’t married. Their decision of moving and relocating are not playing into the school year. We are often seeing an upswing of activity after the holiday season.

“You’ll earn back what you spend on renovations”

Partly FALSE      

You have to be careful what you spend your money on. Know that every improvement that you put in on your home, will be not exact dollars back in your pocket when you go to sale. The areas that show the highest return in homes would be the kitchen and bathrooms. So as long as you aren’t putting too much of a personalize touch into it, you should see a return on your investment. If you are renovating your home just to list it and not for personal enjoyment, you should consult with a licensed professional to see what items would be worth putting your dollars into.

“Agents can only show their own listings.”

FALSE

Agents can show you any home no matter what company has it listed. You should have one agent representing you the whole way through. Searching for homes can be extremely overwhelming. Online descriptions of homes are not always reality. It’s good to have a professional that can be hands on in the process to keep your needs and wants in the forefront of their mind as they are going through homes and hearing of new upcoming properties.

“Throw out a lowball offer to see how low you can get the sellers”

FALSE

This usually is not a good tactic. It sounds good in theory, but can offend many sellers and they may not even counter. You run the risk of completely losing the property if it’s a hot buy. If both parties are far off and can’t see a middle ground initially, it can cause you to pay more money in the end.   

“Spring is the best time to sell”

FALSE   

You do typically have more homes on the market in the spring. This started because families would plan their move around the school year. According to Zillow, now more than half of buyers aren’t married. Their decision of moving and relocating are not playing into the school year. We are often seeing an upswing of activity after the holiday season.

“You’ll earn back what you spend on renovations”

Partly FALSE      

You have to be careful what you spend your money on. Know that every improvement that you put in on your home, will be not exact dollars back in your pocket when you go to sale. The areas that show the highest return in homes would be the kitchen and bathrooms. So as long as you aren’t putting too much of a personalize touch into it, you should see a return on your investment. If you are renovating your home just to list it and not for personal enjoyment, you should consult with a licensed professional to see what items would be worth putting your dollars into.