10 Real Estate Myths – Debunked – For Anyone Who Wants to Buy or Sell Their Annapolis Home

February 5th, 2009 Categories: Buyers, Sellers

Dodging the Brisket and Potato Chips in Search of the Truth About the Annapolis Real Estate Market

If I’m in a talkative mood, I like to walk into the grocery store – or any public place – wearing one of my Realtor pins.

As almost any agent will tell you, wearing a Realtor pin in public nowadays is akin to tacking a sign on your forehead that says Ask Me About the Real Estate Market!

Which is preciscely what happens: total strangers start firing off questions at the checkout counter as they stack their potato chips and brisket onto the conveyor belt. How’s the market? Are you selling any homes? Have we reached the bottom yet?

I like this – in part because it gives me the chance to right some wrongful impressions about how the Annapolis area real estate market is behaving…and to debunk some deeply held myths that homeowners, sellers and buyers tend to cling to.

Here’s an article I stumbled upon that puts some of these myths to bed once and for all. It’s a good read, and a sobering one at that. Homebuyers should pay special attention to Buyer Myth #’s 2 and 5…and sellers to Seller Myth #4.

Incidentally, if you are considering buying a home in the Annapolis area, email me at KenHaedrich@gmail.com to find out more about Myth #3, and how you can purchase a home with an FHA loan for just 3.5% down. Most people think you need 20% down today, but that’s just not the case.

This entry was posted on Thursday, February 5th, 2009 at 6:35 pm and is filed under Buyers, Sellers. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.