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Myke Leatham | Brazos County Realty

Myke Leatham | Brazos County Realty

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Top 5 Real Estate Myths (and Why Not to Believe Them)

March 26, 2018 by Myke Leatham

For starters, the saying is true, don’t believe everything you read on the internet. Just because it’s on Zillow, doesn’t mean it’s true. Buying and selling homes it not something that most of us do every day, unless of course you are a real estate agent.

In most cases, you may do this one every 10 years, or even just once in an entire lifetime. Despite how little we frequent the real estate market, when it comes to real estate, we claim to know it all: how it works, what to do and how to do it.

So for all the stories we have heard and all the things we have been told, there are a number of myths that circular about how real estate actual works and so here are 5 real estate myths and reasons why you should not believe them.

As technology continues to improve and change the way homes are bought and sold, this information becomes more readily available so let’s stop believing everything we read on the internet about real estate because it might be hurting your chances of buying or selling at the right price.

Myths

Myth #1: List your home for more than you expect to get

This is not true at all. Listing your home for too high of a price may actually end up getting you a lower price than what you initially sought out. Why? Because most shoppers don’t even look at homes that are priced above their average market value. Sure, you could always lower the price if no one bites but if the home has already been on the market for two to three weeks, things might start to look fishy.

If you live in a growing market, like San Francisco, try pricing your home for less than you’d expect to get. This way, the buyers will drive the price up themselves. Just don’t try this if your home is located in a declining market, the outcome might not be as positive.

Myth #2: You will get a better deal without a real estate agent

This is completely false and contrary to popular belief, a sure way to get yourself in an uncomfortable situation. A real estate agent knows the market, they know how to sell and how to close. They have done this a time or two and know well how to avoid common mistakes that you are likely completely unaware of. Be smart and sell or buy the right way, with a knowledge and professional real estate agent. After all, you are only ever going to do this once maybe twice, might as well do it right.

Myth #3: The market will always go up 

In recent years, homeowners and sellers have experienced a period of increasing home values, but this is not always the case. Thinking back to 2007, this type of decline can always make its return. Real estate prices can indeed fall, the hope is that they come back and rise higher than before.

Myth #4: Renovate before you sell 

It is very common to be told to renovate your kitchen or bathroom before you sell, “it will increase the value” but this is not always true. A major renovation right before it is time to sell could backfire and end up costing you a whole lot more than you bargained for. It might also turn out that your prospective buyer has completely different taste than you and will want to redo the renovation right away. In most cases, you are better off just adjusting your price accordingly and saving yourself the time, month and headache.

Myth #5: All MLS properties show up online 

Homes rarely sell to buyers who attend open houses. With the popularity of the internet these days, most of the vetting is done online, not in person, but everything on the market isn’t always available online. First off, your agent must allow you to see the properties he/she chooses through the MLS portal but even then, they might not have access to all the properties. There are properties sold off-market as well. So check all your sources to make sure you are checking out all the options in your price range.

All in all, the home buying or selling process is not an easy one to navigate. Do your research, plan ahead and find a real estate agent you can trust to help you navigate the waters of real estate, hopefully we have help debunk some of the myths that have been circling to help you in your home buying or selling process.

If you have questions about College Station Homes or would like to learn more about the area, don’t hesitate to reach out. We are here for you.

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Category: Blog

About Myke Leatham

I’m so glad you found me – your College Station and Bryan, TX real estate source! When you choose to buy or sell a home in College Station/Bryan, TX or other surrounding areas using our expert services, you will receive a free consultation to determine your needs, free listings, and free reports sent to you by email. These weekly reports will show you how hard the members of my team are working to accomplish your property goals, and we guarantee the best service and consultation you have ever experienced. You’ll find the best community information for the College Station, Texas region right here.

It’s nice to know YOUR Realtor will still be of service after the sale.

Experience Counts: Broker/Owner of Brazos County Realty
Over 25 years of sales experience. With past ABR, GRI, CRS, & Epro designations.
Continuing education in real estate: Education is paramount in an ever changing industry like Real Estate. Myke has taken over 1000 hours of real estate specific courses which include but are not limited to: Residential Appraisal, Marketing, Law Contracts I & II, Finance, Residential Inspections, Principles and Practice, Law of Agency, Code of Ethics, Bankruptcy/Easements/Surveys/and Probate, Home Warranties, 1031 Exchanges and hundreds of hours of extensive real estate training.

Reputation: SALES LEADER since 1998; Top Producer 2000 through 2009. Listed among the top agents in the county. Consistently ranked among top realtors for total sales volume out of 900 realtors for commercial and residential real estate in the Bryan/College Station, TX area. When Myke represents buyers, she presents all viable options to her clients, including those properties that are not officially listed, but could be available for sale based on her inside information. Her expertise lies with investors and marketing homes of all price ranges in College Station/Bryan to local, national and global buyers, across all major media channels and through her extensive, personal network of contacts.

Myke is among the top 1% of all Realtors in North America!
She has earned the Designations of ABR (Accredited Buyers Representative), CRS(Certified Residential Specialist), GRI (Graduate of Realtors Institute)CHMS (Certified Home Marketing Specialist), and E-pro (Certified Internet Professional)
Fewer than 3% of all Realtors nationwide earn these certifications. They are not only a symbol of Myke’s commitment to this business, but these designations are your assurance of a skilled, trained real estate professional.

Myke is a consummate real estate professional who not only understands the art of deal-making, but also the art of relationships. She makes the process of buying and selling homes an uplifting and fun experience. She has a tremendous appreciation for Bryan and College Station, its rich history, and Texas A&M traditions having lived in the area for 25 years. Her knowledge of Bryan/College Station’s real estate market and market trends is unparalleled. Having been personally involved with clients through their remodeling, purchasing and selling processes, she knows intrinsic quality and value when she sees it. When she doesn’t see it she lets her clients know, without hesitation.
Myke’s proven track record and affiliations in the field of real estate demonstrates her high level of professionalism.

* High energy and enthusiasm
* Aggressive marketing
* Expert negotiating skills
* Ability to listen and ascertain customer’s desires and needs
* Fun to be with
* Internet savvy
* Because Myke is an experienced investor, she quickly helps her customers locate and define good business opportunities. No one likes the feeling of being ‘sold to’ so Myke provides as much information as possible to help you make the right decision.

Personal Commitment:
I am prepared to go the ‘Extra Mile’ for you, because I understand the financial and emotional significance of purchasing and selling your home. I will carefully listen to your desires and arrive at a workable plan. I believe sensitivity, listening, and service are important keys to success.
Whether you are buying or selling a home or you are just curious about your home’s market value, I’d be happy to provide my market expertise and intelectual property without obligation, or meet with you to evaluate your home for future reference. I want my customers to have a great time and enjoy the total process of purchasing or selling property. It gives me great pride when my customerspass my name on to their friends and family. I will continue to work hard to make sure critical information is available at www.AggieRealEstate.com and I invite all interested investors to search my site for cash flow opportunities. I will dedicate my time and talents to helping you achieve your goals. It is my goal to make your buying and selling experience extraordinary. Look closely and you’ll see how much I love meeting and working with people. You’ll experience the difference in working with an experienced and dedicated professional.

Personal information:
Michelle goes by ‘Myke’ and is the proud mother of 6 children – 3 girls and 3 boys. Her husband is David Leatham. They met at Brigham Young University. They have been married since 1977. David is a finance professor, and Associate Head over graduate studies in the Agricultural Economics Department at Texas A&M University, and speaks fluent Spanish. They have lived in College Station since 1983 and loved every minute of it. Myke loves to quilt, sing, swim, ‘sing’, bake bread, ‘sing,’ garden, ‘sing’, sell real estate, and ‘sing some more’ :-). Family, church, and real estate consume most of her time. Truth, honor, integrity, kindness, loyalty, gratitude, and service are very important words to her.

Slogan: ‘Let Myke Help You With Your HOMEwork!’

Referrals: The highest compliment I can get is when you pass my name on to others or post a kind remark on the internet. When you send your friends and family my way, I’ll always provide them with the highest quality of service that I know you would appreciate. Thanks in advance for all your support and friendship.

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