Myth: You should find your home before getting preapproved. Truth: The first step of the process is to get preapproved so you know your budget and can act quickly when ready to make an offer. A preapproval also makes your offer stronger to sellers. Myth: Start with your lowest offer when buying a home. Truth: You may only get one chance to submit an offer in a competitive market. If there are other offers on the table, your offer may get rejected immediately with no chance to negotiate. Myth: If selling, price your home on the high side. Truth: in reality, homes that are priced competitively will sell faster and are more likely to attract multiple offers, giving you more room to negotiate. Myth: You should renovate your home before selling so you net more. Truth: Make sure to talk to your trusted real estate agent before renovating everything. Some renovations may be necessary, but not all of them, especially since there are so many buyers looking for a home. Myth: Skipping the home inspection is fine if there are no visible issues. Truth: You should always have a home inspection done. There could be hidden problems that would cost you down the line. COMMON REAL ESTATE MISCONCEPTIONS IN TODAY'S MARKET
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