Real estate is an industry full of myths floating around on the internet, in the neighborhood, and on the real estate market. It pays to be an informed consumer who is wary of the misconceptions. A buyer or seller is bound to get a lot of advice from friends and family who want to help. Some advice is useful, while other information can be misleading. Here is a rundown of the 4 most common real estate myths and why you should avoid them:
- "You don't need a real estate agent"- There is a school of thought that believes that you can save money on the realtor commission and sell the house yourself while raking in a profit. Even if you forgo a seller's agent commission you will still need to pay for the buyer's agent commission, essentially shorting yourself in the process. Some people risk to deal with a For Sale by Owner (FSBO) which opens the transaction for a lot of things that can go wrong. Spare yourself the headache and the paperwork, hire a professional real es...
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