As we find ourselves getting back to 2005 levels within the next year or so, we cannot forget what caused the 2010 spike. In 2010, 7.7 million families lost their homes to foreclosure, 1.2
Top Three Reality TV Myths
MYTH: Buyers look at 3 homes and choose 1 in 5 minutes
TRUTH: Everyone is different, but the average home buyer looks at 10+ homes before choosing the one they want (National Association of Realtors). Since inspections can go wrong, the offer can be rejected, or the buyer might want longer to decide where they want to plant themselves, the buying process is never 5 minutes.
MYTH: The TV buyers are just starting their process and are by the end have already paid for the home.
TRUTH: TV producers choose buyers who are already far along in the home buying process and stage the rest, hence the 30 minute, episodic length. Unfortunately, this also means that many homes seen as “on the market” on TV are, in fact, not.
MYTH: If you sell your house, it will always sell at an open house.
TRUTH: Open houses are one of the first steps in exposing your home to the market, but it surely isn’t the only one.
Take away: Pair with a well-trained realtor you trust to find your dream home.
Julie Baldino is a seasoned veteran of the Pacific Northwest real estate industry, and has consistently been in the top 10% in sales for over a decade in 2 states. In order to accommodate a rapidly ex....
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