{"id":71849,"date":"2013-04-22T08:00:32","date_gmt":"2013-04-22T08:00:32","guid":{"rendered":"http:\/\/whatsthepointofaventura.com\/2013\/04\/22\/dont-be-fooled-by-these-3-real-estate-myths\/"},"modified":"2019-04-23T20:49:09","modified_gmt":"2019-04-23T20:49:09","slug":"dont-be-fooled-by-these-3-real-estate-myths","status":"publish","type":"post","link":"https:\/\/ewmrealestate.com\/blog\/dont-be-fooled-by-these-3-real-estate-myths\/","title":{"rendered":"Don&#039;t Be Fooled By These 3 Real Estate Myths"},"content":{"rendered":"<h3><span style=\"color: #0000ff;\">Don&#8217;t Be Fooled By These 3 Real Estate Myths<img loading=\"lazy\" class=\"alignright size-medium wp-image-4876\" title=\"Myth or Fact\" src=\"http:\/\/whatsthepointofaventura.com\/files\/2013\/04\/fact-or-myth-3-300x178.jpg\" alt=\"Myth or Fact\" width=\"216\" height=\"128\" \/><\/span><\/h3>\n<p>by Brendon DeSimone \/ Published April 01, 2013 \/ Zillow<\/p>\n<p>As the real estate market significantly rebounds, some buyers and sellers are dipping their toes in the waters for the first time. Inevitably, they come into the market with assumptions about how it works.<\/p>\n<p>Their assumptions may come from TV reality shows or watching their parents&#8217; house-hunting experiences. Maybe they&#8217;ve learned about real estate from a co-worker\u2019s recent home buying or selling experience. The trouble is, the new buyer or seller\u2019s assumptions are sometimes based on outdated or generalized &#8220;real estate myths.&#8221; Here are three such myths that many less-seasoned home buyers and sellers assume are true.<\/p>\n<p><strong>Myth No. 1: Spring is the best time to sell a home<\/strong><\/p>\n<p>Historically, real estate seasons were tied to summer and the end of the school year. Families were the typical buyers or sellers, and they wanted to move during the summer so their kids could start anew in September. That\u2019s how spring became the prime selling season. It\u2019s true there are still more homes for sale in the spring, which means there\u2019s a lot of activity and buzz. But spring isn&#8217;t necessarily the best time to sell a home anymore.<\/p>\n<p><strong>The reality: The best time to sell is during the holidays and right after<\/strong><\/p>\n<p>Today, more than half of buyers aren&#8217;t married, and their decisions aren&#8217;t based upon school schedules. So spring isn&#8217;t as relevant as it used to be. Instead, the best time to sell a home is in November, December and January.<\/p>\n<p>It\u2019s a supply-and-demand issue. Most sellers assume buyers aren&#8217;t seriously looking during this prolonged holiday season. And yet, many buyers are looking at properties in person and online right up until Christmas Eve. If the right home goes on the market in mid-December, a serious buyer \u2014 and there will be a lot of them \u2014 will take note.<\/p>\n<p>After New Year\u2019s Eve, most buyers jump back into their routine with a resolve to get into the real estate market, even though many sellers wouldn&#8217;t even consider listing in January. The net effect: Savvy sellers will face less competition for a still-strong pool of buyers during this period. And that makes November-January a great time to sell.<\/p>\n<p><strong>Myth No. 2: Always start with your lowest offer<\/strong><\/p>\n<p>There\u2019s no generalized strategy for making an offer on a home anywhere, ever. A seller could have overpriced or underpriced the home on purpose. Some markets may be more competitive than others. But, somehow, in the back of the buyer\u2019s head<!--more--> is good old Uncle Bob saying &#8220;never offer the full asking price.&#8221; That strategy might work if you\u2019re trying to buy a used computer on eBay. And it worked in some real estate markets years ago. But times have changed.<\/p>\n<p><strong>The reality: A low offer may get you nowhere fast<\/strong><\/p>\n<p>A buyer in a strong, tight inventory market today would be wasting their time making low offers right from the start. It\u2019s likely a home that\u2019s priced right and shows well can receive multiple offers, sometimes even over the asking price. In this environment, constantly throwing in low offers because that\u2019s what your Uncle Bob advised you to do will likely lead to disappointment. Instead, work with a good local real estate agent to understand the market. You\u2019ll quickly learn after a few weeks on the open house circuit (and maybe a disappointment or two) that starting low may not get you anywhere.<\/p>\n<p><strong>Myth No. 3: A cash offer trumps all<\/strong><\/p>\n<p>There\u2019s an assumption that a seller, considering two different offers, will always go with the cash offer because there\u2019s less risk. As a result, many buyers who hear they\u2019re competing with a cash offer assume they won\u2019t get the home. They may not even make a formal offer. At the same time, many cash buyers assume that because they\u2019re paying cash, they can make an offer below the asking price, and it will likely be accepted.<\/p>\n<p><strong>The reality: A savvy seller may be more tempted by a solid financed offer<\/strong><\/p>\n<p>Consider a seller with a home priced at $399,000. The seller receives two offers: One is a cash offer of $375,000. The other is an offer for the full asking price, with 25 percent down, a bank pre-approval letter and swift contingency periods.<\/p>\n<p>A good buyer\u2019s agent, upon learning their client is competing with a cash offer, will arm the seller with lots of data supporting their client\u2019s finances, such as a credit report and verification of income or assets. The agent might even arrange a call between the seller and the buyer\u2019s lender<\/p>\n<p>I hope you find this information useful.  I&#8217;m here to assist you with your South Florida real estate. Contact me at (305) 329-4929 or solovay.m@ewm.com.<\/p>\n<p>Read more: <a title=\"Don't Be Fooled By These 3 Real Estate Myths\" href=\"http:\/\/www.foxbusiness.com\/personal-finance\/2013\/04\/01\/dont-be-fooled-by-these-3-real-estate-myths\/#ixzz2R3aPfAC1\" target=\"_blank\" rel=\"noopener noreferrer\">http:\/\/www.foxbusiness.com\/personal-finance\/2013\/04\/01\/dont-be-fooled-by-these-3-real-estate-myths\/#ixzz2R3aPfAC1<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Don&#8217;t Be Fooled By These 3 Real Estate Myths by Brendon DeSimone \/ Published April 01, 2013 \/ Zillow As the real estate market significantly rebounds, some buyers and sellers are dipping their toes in the waters for the first time. Inevitably, they come into the market with assumptions about how it works. Their assumptions<\/p>\n<p class=\"more-link\"><a href=\"https:\/\/ewmrealestate.com\/blog\/dont-be-fooled-by-these-3-real-estate-myths\/\" class=\"themebutton2\">Read More<\/a><\/p>\n","protected":false},"author":5555,"featured_media":130092,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_expiration-date-status":"","_expiration-date":0,"_expiration-date-type":"","_expiration-date-categories":[],"_expiration-date-options":[]},"categories":[11767],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Don&#039;t Be Fooled By These 3 Real Estate Myths - BHHS EWM Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ewmrealestate.com\/blog\/dont-be-fooled-by-these-3-real-estate-myths\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Don&#039;t Be Fooled By These 3 Real Estate Myths - BHHS EWM Realty\" \/>\n<meta property=\"og:description\" content=\"Don&#8217;t Be Fooled By These 3 Real Estate Myths by Brendon DeSimone \/ Published April 01, 2013 \/ Zillow As the real estate market significantly rebounds, some buyers and sellers are dipping their toes in the waters for the first time. 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Their assumptionsRead More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ewmrealestate.com\/blog\/dont-be-fooled-by-these-3-real-estate-myths\/\" \/>\n<meta property=\"og:site_name\" content=\"BHHS EWM Realty\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/EWMRealtyInternational\" \/>\n<meta property=\"article:published_time\" content=\"2013-04-22T08:00:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-04-23T20:49:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ewmrealestate.com\/blog\/wp-content\/uploads\/2019\/06\/BHHS-On-Solid-Background.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"376\" \/>\n\t<meta property=\"og:image:height\" content=\"376\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Michael Solovay\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Michael Solovay\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ewmrealestate.com\/blog\/dont-be-fooled-by-these-3-real-estate-myths\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ewmrealestate.com\/blog\/dont-be-fooled-by-these-3-real-estate-myths\/\"},\"author\":{\"name\":\"Michael Solovay\",\"@id\":\"https:\/\/ewmrealestate.com\/blog\/#\/schema\/person\/52904e6d94c0a7e01f3c4f4eb51fb721\"},\"headline\":\"Don&#039;t Be Fooled By These 3 Real Estate Myths\",\"datePublished\":\"2013-04-22T08:00:32+00:00\",\"dateModified\":\"2019-04-23T20:49:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ewmrealestate.com\/blog\/dont-be-fooled-by-these-3-real-estate-myths\/\"},\"wordCount\":830,\"publisher\":{\"@id\":\"https:\/\/ewmrealestate.com\/blog\/#organization\"},\"articleSection\":[\"EWM News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ewmrealestate.com\/blog\/dont-be-fooled-by-these-3-real-estate-myths\/\",\"url\":\"https:\/\/ewmrealestate.com\/blog\/dont-be-fooled-by-these-3-real-estate-myths\/\",\"name\":\"Don&#039;t Be Fooled By These 3 Real Estate Myths - 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