Busting Common Real Estate Myths

When it comes to real estate, there are misconceptions that often cloud the judgment of homebuyers and homesellers. These myths couldn’t be farther from the truth. Let’s debunk four of the most common myths and shed light on the importance of working with a professional, full-time REALTOR®.

Myth #1: REALTORS won’t show you For Sale By Owner (FSBO) properties.

Not true. The truth is, REALTORS® are bound by a Code of Ethics as part of the National Association of REALTORS® (NAR), which requires them to represent your best interests. If you want to see FSBO properties, a professional REALTOR® should make every effort to accommodate your preferences. However, if a specific FSBO property refuses to cooperate with REALTORS®, your REALTOR® is obligated to inform you promptly.

Myth #2: REALTORS will steer you away from certain homes.

Steering is not only unethical but also illegal under the Fair Housing Act. No REALTOR® should refuse to rent or sell a property based on race, color, religion, sex, disability, familial status, or national origin. If you encounter such behavior from a REALTOR®, it is very important to report them. Remember, a good REALTOR® is there to help you find the right property, not discriminate based on any of these factors.

Myth #3: Part-time agents have your best interest in mind.

One of the most significant misconceptions is believing that part-time agents can provide the same level of service as full-time professionals. In reality, full-time agents have a level of commitment and expertise that part-time agents may lack. They are wholly dedicated to their real estate careers, have the experience to navigate the market effectively, and often possess a broader network of connections. When the real estate market is competitive and housing inventory is limited, a full-time REALTOR® can be your greatest asset.

Myth #4: All I need to do is put my home in the MLS.

Simply listing your property in the Multiple Listing Service (MLS) may seem like a cost-effective solution, but it can be a risky endeavor. Selling a home involves more than just inputting information into a database. Consider questions like how will you arrange showings, manage paperwork, or negotiate offers? These tasks require expertise and experience. Homes listed solely in the MLS, without professional guidance, often end up expiring, wasting both time and money. A full-time REALTOR® will provide a smoother and successful experience.

Working with a reputable and full-time REALTOR is your best option when navigating the complex world of real estate. They have the expertise, professionalism, and dedication to represent your best interests, guide you through the process, and maximize your chances of a successful transaction. Don’t let these common myths deter you from seeking professional assistance in your real estate journey.