Have you ever been flipping through the channels, only to find yourself glued to the couch in an HGTV binge session watching real estate shows? We’ve all been there, watching entire seasons of “Love it or List it,” “Million Dollar Listing,” “House Hunters,” “Property Brothers,” and so many more all in one sitting.
I personally knew a young couple in Austin who ended up on an episode of House Hunters. Their next door neighbor had just purchase a home and was contacted by the producers to be the house hunters, even through they were already through with the process. At the final part of the show when the new home celebration was filmed, the wife in the couple I know was portrayed as the wife of someone else. Reality? Not really!
When you’re in the middle of your real estate themed show marathon, you might start to think that everything you see on TV must be how it works in real life, but you may need you own reality check.
Myth #1: Buyers look at 3 homes and decide to purchase one of them.
Truth: There may be buyers who fall in love and buy the first home they see, but according to the National Association of Realtors the average homebuyer tours 10 homes as a part of their search.
Myth #2: The houses the buyers are touring are still for sale.
Truth: Everything is staged for TV. Many of the homes being shown are already sold and are off the market.
Myth #3: The buyers haven’t made a purchase decision yet.
Truth: Since there is 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.
Truth: 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.
Truth: 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.
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! Have questions? Call us at 505-504-1101 to create your own amazing home buying reality. We’ll protect you from both drama and unrealized expectations. We’re here to help.
Bunny Terry 505.504.1101
20 Vereda Serena Santa Fe, NM 87508