5 Real Estate Reality TV Myths Explained

Are you an HGTV fan?  Do you wish that buying a house was as easy as they make it on most of their programs?  This article dispels some of the myths and tells the truth about those programs.  Most buyers do not see 3 houses and buy one.  I have noticed recently on a lot of the HGTV reality shows that the agent shows the buyer a gorgeous house and then reveals the price is way out of the buyers budget!  That has amazed me.  Why would a professional Realtor get their buyers all excited about a home they have no way of purchasing?  Enjoy the shows for ideas on the “must haves” you are looking for and ideas for decorating your new home, but make sure you put your actual home purchase in the hands of a professional Realtor.  Call me and we will work through all the steps together.  You can have a home as wonderful as the ones you see on TV but it may take a bit more effort than you were expecting.

 

Courtesy of Keeping Current Matters 2018

5 Real Estate Reality TV Myths Explained | MyKCM

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,” “Million Dollar Listing,” “House Hunters,” “Property Brothers,” and so many more all 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.

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!