Real Estate Reality TV Myths Explained
They make it look so easy! But maybe what you see on TV is not 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 “Love it or List it,” “Million Dollar Listing,” “House Hunters,” “Property Brothers,” and other for hours on end.
When you’re in the middle of your real estate themed 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 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 according to the National Association of Realtors the average homebuyer tours 10 homes before making a buying decision.
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 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.
Put an experienced professional on your side while navigating the North Texas real estate market. It’s the best way to guarantee that you can make the home of your dreams a reality!