5 Real Estate Myths

The real estate market is full of myths, but that doesn't change what they are - myths. The MacGuire Team would like to debunk those myths for you, and prove that when you need a real estate agent, we are the team for you. From buying to selling a home in Colorado Springs, you need to be able to trust your agent, and by dispelling a few myths, we hope to prove to you why we stand above the rest.

Myth: You can save money by selling your own home
Fact: While it may seem like you save money because you aren't paying the real estate agent a commission, you not only get what you pay for, but nothing comes free - including your time. You will invest a LOT of time when selling you home. From figuring out how and where to list it, to learning about the ins and outs of legal matters, paperwork, and red tape. Not to mention, working out inspection dates, appraisals, and more. When you hire the best real estate agent in Colorado Springs, you are getting the BEST we have to offer. We want to not only sell your home FAST, but for the highest amount possible.

Myth: You must remodel your home before you sell
Fact: While there can be benefits to remodeling your home, if you plan to sell it, you may just want to adjust the price and leave it the way it is. By all means, you certainly want to make necessary repairs, but if you are only planning on cosmetic upgrades to help your home stand out, you may not actually come out on top. It can be costly to upgrade your home, and if you end up styling it in such a way that doesn't appeal to your buyers style - you may just cost yourself the sale. If you truly want to improve your home when selling it, try staging it to improve the overall look without breaking the bank. You can also invest in a professional cleaner to come in and make it spotless. Both of these are advantages to working with The MacGuire Team, because when you sell your home with us, we help you by providing some of these services. Visit our website to learn more about our selling strategy, and how it can help you.

Myth: If I don't have a buyers agent, I can save money on a home
Fact: The commission that is paid to both agents comes out of the cost of the sale. If you don't hire an agent to help you find a home, the real estate agent that is selling the home will get the whole commission. That total doesn't come out of the price of your home - so if you aren't saving money by NOT having someone represent you, why not go for it? Hire the best real estate agent in Colorado Springs to not only represent your wants, but represent your needs. I have been selling real estate in Colorado Springs for over 25 years, and I've lived in Colorado for my entire life. When you hire me, you are getting someone who not only knows about real estate, but intimately knows the local market.

Myth: When pricing your home, leave room for negotiations
Fact: This couldn't be farther from the truth, and if anything, could hurt your sale even more in the short and long run. Buyers may not know exactly how much your home is worth, but don't be fooled, they know an overpriced home when they see one. Pricing your home correctly the first time is critical. If you price it too high, you aren't just scaring away buyers, but you could be dooming the sale of your home entirely. When a home is priced too high, buyers tend to shy away without even looking at it. Then, next thing you know, your home has been on the market for over a year, and even when you bring the price down, buyers are then wondering why it has been for sale for so long. While some may still be willing to look, others may turn away just based on the fact that something "must be wrong if it's been on the market for over a year." Don't doom yourself. The MacGuire Team wants to price your home correctly the FIRST time, and then get your real estate sold FAST!

Myth: You can get pre-approved after you find your home
Fact: While you can work with your mortgage agent after finding your home, it can make the process a lot harder. It is always best to start working with your mortgage lender before searching for a home so that you can ensure you don't go over your budget for a home. Your monthly payment is all dependent on the total cost of your home (surprise!), and if you fall in love with a home without realizing home much it will be per month - you could be in for a disappointment. Always start by working with a mortgage company, then start talking with your Colorado Springs real estate agent.

Let's Get Started!
Whether you've believed these myths or not, there's no time like the present to start searching for the home of your dreams. You can visit our website to learn more about our buying process and selling strategies - we believe in only providing the BEST experience for you as you go through the real estate process.

Mike MacGuire
Colorado Springs Real Estate Agent
The MacGuire Team
6760 Corporate Dr
Ste 300
Colorado Springs, CO 80919

719-536-4324 or 719-660-6793



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