Five Biggest Real Estate Myths
Posted by Colleen Kulikowski, Licensed Real Estate Salesperson (716) 650-0051 on Oct 26, 2011 in For Sale By Owner, Home Buyer Resources, Home Seller Resources, Real Estate Investors, Real Estate News, Williamsville Homes | 1 comment
The Today Show recently featured Barbara Corcoran discussing the Five Biggest Real Estate Myths. This is something that I think both Buyers and Sellers need to watch.I am always asked “Is this a good time to sell?” or “Should I purchase a home in WNY now?” Those are loaded questions folks. You cannot answer them generally. Each situation is unique, your goals and needs are part of the reason it is either a good or bad time to buy. But there are signs that now is a good time to purchase in our area.
It is helpful to understand these myths and how they may apply to your situation. These myths are:
- Sellers are desperate
- Don’t buy before prices have bottomed
- You can’t buy a home unless you have 20% down
- Now is the absolute worst time to sell
- Before you refinance, shop around
To see more on the subject visit the Today Show’s Real Estate Myths.
Thinking of selling your Buffalo home? Interested in finding out the current market value of your single family home, condo or investment property? Then call Colleen Kulikowski at (716) 650-0051 to discuss what is happening in today’s Western New York Real Estate Market. We would be happy to give you a personalized Comparative Market Analysis for your home, just fill out the form below. View additional WNY Market Area Statistics here.
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Great point with the real estate myths. I think the media tends to make many people needlessly panic or think things are different than they actually are – but as you said every situation is different!
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