SunCrest Market Updates September 28, 2016

September SunCrest Market Update

Say hello Newsletter | Facebook | Instagram 

Reality TV and Real Life

You may have heard rumors that HGTV was lurking around SunCrest. Indeed, we were contacted by some producers about an upcoming series. It got us thinking: buying or selling  a house on TV is certainly a lot different than real estate in real life. While it’s fun to get sucked into our favorite shows — the likeable Chip and Joanna Gaines, the brotherly love of Jonathan and Drew Scott — but we thought with all the recent reality TV stuff going on in SunCrest, we’d dispel a few of our favorite reality TV show myths:

Reality TV: Buyers look at 3 homes and make a decision to purchase one of them.
Real Life: While it’s true you may fall in love with the first home you see, more often than not the process of buying a home means touring more than three homes.

Reality TV: The houses the buyers are touring are still for sale.
Real Life: Many of the homes being shown are already sold and staged for our TV viewing pleasure. In real life, homes are not always in TV-ready shape. It takes some… vision, let’s say… in order to see their potential.

Reality TV: The buyers haven’t decided which home to buy.
Real Life: On TV the buyer is in the process of buying or has already purchased their home. Of course most buyers in real life are still very much undecided about where they want to live; that’s why they’re touring homes.

Reality TV: If you list your home for sale, it will always sell at the open house.
Real Life: Open houses are important and critical way to maximize exposure and attract buyers to your home. However, open houses are only one piece (and often under-utilized) of a realtor’s marketing plan.

Reality TV: Homeowners make a decision about buying or selling a home in a few minutes.
Real Life: Homeownership is the biggest financial decision most of us will make in our entire lives. Buyers and sellers generally spend hours weighing options and debating their decision.

 Our take: 

Admittedly it’s fun to see how different aspects of buying and selling real estate are portrayed on TV. However, it’s more important to have a reality check when it comes to buying or selling your SunCrest home. In real life, things can get much messier — offering the right amount, listing at the right price, and adjusting to market trends are all things not often portrayed on the television. Having a real estate team on your side can help you navigate that three-home, two-minute reality TV show deliberation and turn it into a methodically researched, fact-checked, goal-accomplishing, confident decision in the real world.

Our SunCrest Market Update is a hyper-local analysis of the most up-to-date information regarding the SunCrest real estate market.  The previous month’s SunCrest housing information and future editions are released monthly.