It is important to know that when it comes to the real estate market, there are many myths surrounding different aspects of it. Assumptions of these aspects can cause major confusion to the public as to what is and is not true about the real estate market, and how the business and process works. We have pulled together some of the most common myths to debunk them and explain the reality of each.

Myth #1: Your best chances of selling your home is during the weekend.

While you may get a great offer on a weekend, this is not necessarily true. Many people believe that the weekends have the most serious buyers because people have the most time on their hands. Realistically, you can find a lot of serious buyers during the week as well, and sometimes waiting until the weekend can mean that you have missed your opportunity.

Myth #2: You should always price your home higher at the beginning.

Many assume that when putting their home on the market that it is best to price higher in the beginning, and that potential buyers will make an offer if they are interested. If you completely overprice your home, there will be a lot of potential buyers that will not even look at it in the first place if it is extremely out of their budget.

Myth #3: If you find a home that has been on the market for a while, you’ll get a better deal.

If you find a home that has been on the market for a while, it is easy to believe that you will be able to negotiate for a great deal and low price. This is not always the case, given that sometimes homes are on the market for a long time due to other reasons than the listing price, such as the location of the home, or the condition of the exterior or interior.


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