Living in Hollywood has it perks, it’s the entertainment center of the world! Have you caught yourself glued to the couch in a reality TV marathon? You might start to believe everything you see on TV is how it works in the real world. What if I told you the average Real Estate deal is nothing like you see on TV!
We will be bringing you monthly Q&A’s, this month we will be featuring reality vs real life scenarios in the real estate world.
Here are some of the top Reality vs Real Life scenarios:
Myth #1: Buyers look at 3 homes and decide to purchase on of them.
Real Life: There can be buyers who fall in love with the first house they see and purchase, but according to the National Association of Realtors the average homebuyers tour 10 homes as a part of their search.
Myth #2: The houses the buyers are touring are still for sale.
Real Life: Everything is staged for TV. Many of the homes being shown are already sold and off the market.
Myth #3: The buyers haven’t made a purchase decision yet.
Real Life: Since there in no way to show the entire buying process in a 30 minute show, TV producers often choose buyers who are further along in the process and have already chosen a home to buy.
Myth #4: If you list your home for sale, it will ALWAYS sell at the open house.
Real Life: Of course, this would be great! Open houses are important to guarantee the most exposure to buyers in your area but are only a PIECE of the overall marketing of your home. Keep in mind that many homes are sold during regular listing appointments as well.
Myth #5: Homeowners decide to sell their homes after a 5-minute conversation.
Real Life: Similar to the buyers portrayed on the shows, many of the sellers have already spent hours deliberating the decision to list their homes and move on with their lives/goals.
The Bottom Line
Having an experienced professional on your side while navigating the real estate market is the best way to guarantee that you can make the home of your dreams a reality. We are happy to be here to bust the myth’s and be your #1 real estate company in Hollywood.
For more information call or email Grant Linscott Group at 323-333-6222. I’d love to help you with any of your Real Estate needs!