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Budgeting For Your First Home

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 showing 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.

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!  Reach out to us mobile/text at 602-820-5166, sandy.krestan@fairwaymc.com or our team hotline at 480-420-7107.  We are here to help!
The Krestan Team