It’s incredibly easy for a rumor to go around and hit enough ears for it to become a commonly believed myth. Maybe you’ve heard from a friend of a friend of a friend that there’s a restaurant in the city that gives out free Moscow mules, or that there’s a speakeasy hidden in Downtown Miami. Myths can be created in reference to pretty much anything and luxury real estate is no exception. Here are some of the most common ones.
Serious buyers only look on the weekends
This myth can make sense as the weekends are when most peoples’ schedules are free. The buyers that are looking to seal the deal, however, will scoop up that property as soon as possible. Serious buyers will find whatever time they can in their schedule to talk to agents, take tours of properties, and subsequently purchase. If you see a property that interests you, pick up the phone and inquire about it right away!
If you don’t hold any open houses, your home will never be seen
Would anyone like to guess how many homes are sold as a result of a successful open house, according to the National Association of Realtors? Your guess is probably around 20%, maybe 30%, right? The actual number is 2%. If the location, home, and market is right, real estate agents will find it.
Agents aren’t needed to buy a home
This one is partially true, as websites and apps have made it easier to browse and make property deals. If you are looking to purchase a property, doing so through an agent can benefit you greatly. Agents negotiate prices with sellers and can advise you on wise or unwise purchases, leading you through the process along the way.
Springtime has better options
A common myth with all real estate in general is that there is more selection during the spring, so you should hold off any purchases until then. There is no evidence proving this, as listings posted in the winter or in autumn are still posted due to the homeowner being motivated to sell. If these listings don’t sell as fast as springtime ones, it is probably due to buyers not being out as much in the cold.
CMC Group is one of the top luxury real estate developers in Miami and South Florida. Visit us online or contact us at 305-372-0550 today!