Separating Truth from TV Hype
There are 3 real estate reality TV myths in the media today. 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,” “Fixer Upper,” “House Hunters,” “Property Brothers,” and so many more, just 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.
Myth #1: Buyers Look at 3 Homes and Make a Decision 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: The reality is being staged for TV. Many of the homes being shown are already sold and are off the market.
Myth #3: Homeowners Make a Decision About Selling Their Home 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.
Myth #4: All Real Estate Agents are Alike
Truth: While most people just call the agent on the For Sale sign for information or an appointment, using an EXCLUSIVE BUYER AGENT may provide you with a superior level of representation and protection. This is because an Exclusive Buyer Agent only serves the homebuyer, and focuses their expertise on the buyer’s needs and concerns. You might come across other types of real estate “buyer agents” online who make similar claims. Not all buyer agents are Exclusive Buyer Agents. Here’s what you should know. Any real estate agent can call themselves a “buyer agent” and provide basic home search and showing appointment services. They make promises like “helping you find your dream home.” They are not restricted to one client type or the other. In practice, they usually represent sellers. See video below: