Real Estate Reality TV Myths Revealed
All those TV shows make it look so easy! But what you see on TV is not necessarily the reality of real estate.
Have you ever been flipping through the channels, and found yourself glued to the sofa in an HGTV binge session? We’ve all been there, watching home buying scenarios for hours on end.
When you’re in the middle of your real estate themed marathon, you might start thinking that everything you see on TV must be how it works in real life. If that’s the case – you may need a reality check.
One of my all-time favorite buyer clients came into our office and referred to our building sign and said “I don’t know it that says reality or realty – but I need both.” – Norma Wall, Broker
Reality TV Show Myths vs. Real Life:
Myth #1: Buyers look at three 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 the average homebuyer tours 10 homes before making a buying decision. Even more in a fast-moving market like the one we’ve been in for several years.
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 buying 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 offer exposure to buyers in your area but are only a very small PIECE of the overall marketing of your home. Keep in mind that most homes are sold during regular showing appointments.
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
Put an experienced professional on your side while navigating the North Texas real estate market. It’s the best way to help you make the home of your dreams a reality!