Have you ever been flipping through the channels, only to find yourself glued to the couch in an HGTV binge session? 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.
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 a reality check.
Reality TV Show Myths vs. Real Life:
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.
Is Your First Home Now Within Your Grasp?
Is Your First Home Now Within Your Grasp? Some Highlights: According to the US Census Bureau, “millennials” are defined as 18-36-year-olds. According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first-time home buyers is 32. More and...
Utah is Number Three in the nation in house-price appreciation.
Utah is No. 3 in the nation in house-price appreciation. In the first quarter, prices in the Beehive state increased 8.94 percent, according to the Federal Housing Finance Agency. Idaho was No. 1 in price increases. Maryland came in last place. Home prices there...
4 Tips to Sell Your Home Faster
4 Tips to Sell Your Home Faster Since June of last year, we have seen an increase in the inventory of homes for sale month per month. Every spring and summer, the inventory increases because people want to sell their home. For those with children, they may want to be...
Time to Move-Up and Upgrade Your Current Home With Utah Realty
Now’s the Time to Move-Up and Upgrade Your Current Home! Homes priced at the top 25% of the price range for a particular area of the country are considered "premium homes." In today’s real estate market, there are deals to be had at the higher end! This is great news...
10 Steps to Buying a Home This Summer
10 Steps to Buying a Home This Summer [INFOGRAPHIC] Some Highlights: If you are thinking of buying a home, you may not know where to start. Here is a simple list of 10 steps that you will go through to purchase a home. Make sure to ask your agent for details about...
Happy Forth of July!
Happy Independence Day! Wishing you & yours a safe & Happy 4th of July!
Stop Wondering What Your Budget Is & Get Pre-Approved
Stop Wondering What Your Budget Is & Get Pre-Approved! In many markets across the country, the number of buyers searching for their dream homes outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out....
Your 6-Month Mortgage Rate Forecast
Both mortgage interest rates and home prices are projected to rise throughout 2019. If you plan on buying a home this year, the time is now! Let's get together to discuss your plans today!
What You Need to Know About Private Mortgage Insurance (PMI) Utah Realty
What You Need to Know About Private Mortgage Insurance (PMI) Courtesy of Utah Realty Whether it is your first time or your fifth, it is always important to know all the facts when it comes to buying a home. With the large number of mortgage programs available that...
5 Reasons to Sell Your House This Summer with Utah Realty
5 Reasons to Sell Your House This Summer with Utah Realty Here are 5 compelling reasons listing your home for sale this summer makes sense. 1. Demand Is Strong The latest Buyer Traffic Index from the National Association of Realtors (NAR) shows that buyer demand...
