Recent world events have given us a shake up in the cynicism department. It’s a good thing. If you’ve been around long enough, you’ll remember the bumper stickers that said “question authority.” Then there’s that quote from Lincoln, “The problem with internet quotes is that you can’t always depend on their accuracy.” You just can’t believe everything you read and see on TV and the internet.
Spoiler alert: If you enjoy watching reality TV about homes, you may want to stop reading.
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 – if you want one.
Reality TV Show Myths vs. Real Life:
Myth #1: Home 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 – I think that’s happened twice in my 20-year career – but according to the National Association of Realtors the average homebuyer tours 10 homes as a part of their search. And rightly so! Especially if you’re buying your first home.
Buying or selling a home scares the crap out of most people, understandably. It’s a huge decision mixed with emotion and excitement – and, of course, fear. Seeing just three homes before you purchase isn’t going to help alleviate any of that anxiety.
But there’s a limit. Seeing too many homes will create frustration and confusion.
Myth #2: The houses the home buyers are touring are still for sale.
Truth: The reality is being staged for TV. Most of the homes being shown are already sold and are off the market.
The shows only have so much time to tell the story. They don’t follow those home buyers around for months looking at houses until they find one, write the offer and then close on the house.
Myth #3: The home 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 have already purchased a home. The shows are for entertainment, not education.
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. Just realize that most homes are sold during private showing appointments. The open house is like an horderves. Buyers go back to see the house multiple times before making a final decision.
Myth #5: 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. This is a crucial life decision and it’s so complicated that five minutes is only enough time for greetings, not substance.
Having an experienced professional on your side while navigating the Northern California real estate market is the best way to get through the maze of the home buying and selling process.
Are you thinking of selling your Northern California home? If you haven’t hired a top producing Northern California real estate agent yet, contact me, and I’d be happy to discuss the real estate market history and the current state of the local market!
About the author: The above article “The Reality of Reality TV” was provided by Vicki Moore of eXp Realty of California. With over 20 years of experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Northern California areas: Roseville, Rocklin, Granite Bay, San Mateo, Foster City, Pacifica, Burlingame, San Carlos, Belmont, Redwood City.
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