It seems real estate reality TV shows are now a dime a dozen and chances are—regardless if you’re a buyer, seller, or even a homeowner at all—you’ve watched a few. You may have seen those that depict a buyer looking at a handful of homes, purchasing the property for much lower than the listed price, and then proceeding to renovate with no problems along the way. Or on the other side of the real estate fence, a seller that makes a quick decision to list and then sells the property in no time at all, typically at the open house. However, what many may not realize is that what is portrayed on these shows is often far from how the real estate market actually works.
As your local real estate experts, you can count on Northern Edge Real Estate to set the record straight on what you can expect as a buyer or seller in Anchorage and the surrounding Mat-Su Valley. Below are three striking ways that Anchorage real estate differs from what you see on real estate reality TV.
Buyers Look at More Homes
Real estate reality shows often show buyers looking at three properties and then choosing the one that best fits their needs, but in reality, buyers look at an average of ten or more properties before they make a decision. As you begin your home search in Anchorage, Chugiak, Eagle River, Palmer, Wasilla and the Mat-Su Valley, don’t be discouraged if the first few homes you see are not “the one.” You will likely need to see dozens before you find one that checks all of the boxes.
Low Ball Offers Don’t Always Win
It is not uncommon to watch a real estate reality show only to see the buyer offer much less than the listing price and ultimately have their offer accepted. Buyers in today’s market need to realize that low ball offers do not always win, and in fact, by offering significantly less than the listing price, you could risk turning off the seller completely and not even seeing a counter offer. It’s always best to work with your real estate agent on putting together the best offer as they are seasoned in how sellers may react to a particular number.
Showings Sell Homes Too
If you are a seller in Anchorage, Chugiak, Wasilla, Girdwood and the surrounding Mat-Su Valley, keep an open mind when holding an open house. While real estate reality shows often suggest that sellers will find a buyer at an open house and sell their property immediately, you should note that regular showings sell just as many homes! An open house is a great marketing tool, but buyers will also come to you through showings.
Northern Edge Real Estate is happy to provide more information for both buyers and sellers in the Anchorage, Chugiak, Wasilla, and Girdwood area real estate markets, so do not hesitate to reach out with any questions! No matter how many real estate reality shows you have watched, we are here to help!