Real Estate Myths....Fact or Fiction?

Here are a couple Real estate myths that we would like to confirm as facts:


Myth #3: The first offer is never the best offer. Most sellers believe that it’s smart to hold out for something better.
I could name a dozen sellers, right off the top of my head, who wished they had taken that first offer. I don't know why this phenomenon happens, but it is not a myth! Four times out of five, the first offer is the best you’ll ever see.

Myth #4: ‘I can always reduce my price later.’
Sellers often price their home high for a few weeks just to test the market. But buyers shop by price bracket and if your house is in the wrong one, you’ll just help sell everyone else’s home, while yours just sits their overpriced. Reducing your price later in small increments puts you in the position of chasing the tide as it goes out.