5 Frightening Real Estate Myths Debunked

If you are looking to buy or sell a home you have probably received real estate advice from friends, family, and coworkers who think they know best. As well-meaning as they are, those close to you may have heard some frightening myths about the real estate industry. Don’t worry, we’re here to debunk those myths so that you and those close to you have a better understanding of real estate.

If you have found the home for you and you don’t have the preapproval letter accessible, then you may be at a disadvantage when making a successful offer. The real estate market is competitive, and most offers will not be approved without a loan approval letter. Be sure to get preapproval before searching for the perfect home. Then you avoid the potential nightmare of losing your dream home.

A home does not pass or fail an inspection. Rather an inspection is completed so that you can understand the condition of the home. The inspector will provide a report of the key systems of the home and the life expectancy of big tickets items like the roof. You wouldn’t want to purchase a dream home and then have spooky electrical issues. If you want to learn more about inspections read our blog about the 5 Questions You Must Ask Your Home Inspector.

The price of a home is affected by the market conditions, the property’s location, and it’s size. The listing agent strongly suggests a price based on all of these factors. Then the seller may negotiate that price, but the seller is not the one who says, “My home is worth x amount and I’m going to price it as such.” Most prices are negotiable; so don’t be scared away by the initial price.

Holding an open house shortly after listing creates attention for the home. An agent can learn valuable information on what buyers’ opinions are of the home at an open house. Many tech-savvy buyers use the Internet to search for properties first, to filter out the haunted houses. So when they visit an open house and they’re pre-approved, they may be ready to write an offer.

“In reality, the best offer is the one with the highest probability of closing,” said Allen Schild, real estate broker for @Properties in Chicago. Even if you have a high offer, it could come with ghoulish contingencies or a deadly long closing period. Consider different factors, like if the buyer is offering cash before you make your final decision.

Don’t believe everything you hear about the real estate industry without doing your own research. We hope you enjoyed learning about these frightening real estate myths. You may find that there are myths out there that still need to be debunked. Let us know if there are any other myths that need to be brought to light by leaving a comment on our Facebook and Instagram posts promoting the blog!



How to Create the Perfect Gallery Wall

Have you ever walked into a friend’s home to see a compelling mix of photos and paintings all framed and perfectly arranged? You may wonder, “How did they do that!?” The answer is simple. They created a gallery wall, and with these simple steps, you can too!


#1 Choose your theme


How do you want viewers to feel when they look at your gallery wall? Choose a theme and stick to it. Possible themes include family life, places you’ve traveled, or even word art using some of your favorite sayings.


#2 Select the aesthetic


Choose a focal point for the gallery wall. The focal point should bring your viewers in and exude the theme of your gallery wall. Keep in mind your color palette and the color of your wall. If the colors clash, your gallery will look haphazard.


#3 Lay it out


An important factor of your layout is framing all of your pieces and laying them out on your floor first before you even pick up a hammer. Get out some newspaper or construction paper and cut out squares the same size as each of your framed pieces. Tape these to your wall and arrange them until you’ve created the perfect layout for your gallery wall. If you’re having trouble designing your layout, check out this website for ideas.


#4 Hang it up


You can use nails for your lighter pieces, but for the larger, heavier pieces, try using picture hangers. You can find this Kidsafe Picture Hanger Assortment at your local Home Depot.


#5 Admire your work


The last step of creating the perfect gallery wall for you is to admire it! Step back and enjoy this creative, fun and unique project that is now complete. You’ll be proud that you took the time to take on the project and you are sure to get compliments on your hard work!


We hope you enjoyed learning how to make a fun and aesthetically pleasing home décor gallery wall. Let us know if you’d like to see more home décor how-to blogs in the future! Leave a comment on our Facebook and Instagram posts promoting the blog and let us know what you think!