5 Reality TV Myths

Real Estate Reality TV Myths Revealed

All those TV shows make it look so easy! But what you see on TV is not necessarily the reality of real estate.

Have you ever been flipping through the channels and found yourself glued to the sofa in an HGTV binge session? We’ve all been there, watching home-buying scenarios for hours on end.

When you’re in the middle of your real estate-themed marathon, you might start thinking that everything you see on TV must be how it works in real life. That being the case – you may need a reality check.

One of my all-time favorite buyer clients came into our office and referred to our building sign and said “I don’t know it that says reality or realty – but I need both.”  – Norma Wall, Broker

 

Reality TV Show Myths vs. Real Life:

Myth #1: Buyers look at three homes and decide to purchase one of them.
Truth: Some buyers may fall in love and buy the first house they see, but the average homebuyer tours ten homes before making a buying decision—even more so in a fast-moving market like the one we’ve been in for several years.

Myth #2: The houses the buyers are touring are still for sale.
The truth is that everything is staged for TV. Many of the properties they tour are already sold and off the market. 

Myth #3: The buyers haven’t made a buying decision yet.
Truth: Since the entire buying process cannot be shown in a 30-minute show, TV producers often choose buyers who are further along in the process and have already chosen a home to buy. 

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 offer exposure to buyers in your area but are only a very small part of your home’s overall marketing. Keep in mind that most homes are sold during regular showing appointments. 

Myth #5: Homeowners decide to sell their homes after a 5-minute conversation.
Truth: Similar to the buyers portrayed on the shows, many sellers have already spent hours deliberating the decision to list their homes and move on with their lives/goals. 

Bottom Line 

Put an experienced professional on your side when navigating the North Texas real estate market. It’s the best way to help you make the home of your dreams a reality!

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