Even the most savvy internet surfer can fall for tricks that Realtors and lenders use, even when they aren't meant to deceive. Here are some common things to watch out for:
1. Digital Deception: Realtors know how to use Photoshop, fish-eye lenses, and editing to make a home seem bigger, cleaner, newer, and generally nicer than it is. Go see the house in person before falling in love.
2. Zestimates: Ridiculous differences in values come from all the major real estate websites. The only real way to know the value of your home is to have a few Realtors do Comparative Market Analysis, or to hire an appraiser. Both will look at similar homes that have sold recently in your area, and based on how similar or different your home is, give a price to list or sell for.
3. Super Low Mortgage Rates: Lenders online and in real life will site mortgage interest rates that only the most qualified buyer can get. They are just a starting point, depending on your credit score, down payment, and income, the rate will be higher. This spring is probably the end of low rates though, so don't be discouraged.
4. Gorgeous Descriptions: In my experience, the nicer a house is, the less I have to say about how nice it is. I'm too busy listing all the features to embellish on the view, the neighborhood, or how it is the perfect home for any buyer. Drive by a house that sounds too good to be true. You know it will be.
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