It’s no secret that when a person is playing with the idea of buying or selling a home, one of the first places they turn for information on the current market is the internet. Even though the internet can be a super-efficient way to get a grasp of what’s out there, it can often be very deceiving.market

Descriptions of the homes can be massively convoluted and not to mention that the pictures can be distorted with fancy lenses and can easily be edited. Have you ever walked into a home that appears SO much bigger in the online pictures than in person? That’s a fish-eye lens for ya. If you’re curious about what your home is worth today, or if you’re interested in what your money could buy, then you’ve found the right blog! Here is my advice for how one should brush up on market knowledge…

1. Read Broadly
Many sites and companies have bias information for their own benefit. If you read from a variety of websites, it can eliminate that predisposition. Just think of it in this way: CNBC vs. Fox News. These news stations can be producing the same news stories but spin it in their own way due to their extreme left or ring-wing beliefs.

2. Consult With Various Industry Professionals
The more people you talk with, the better. It’s always good to touch on similar topics with multiple professionals because that way when you hear repeated information; it reinforces the veracity. Speaking with individuals in the real estate industry is key, because after all, they are the ‘experts.’ Real estate agents, mortgage lenders, or even a title representative can share advantageous material with you. Never hesitate to swing by an open house. Physically being in and seeing these active homes will get you a better grasp of what’s out there. If you speak with an agent and he encourages you to sell, it may predominately be for his benefit—so he can get a paycheck. This is exactly why you should consult with several.

3. Take Advantage of Free Classes/Seminars
Many real estate agents, teams, and brokerages hold classes on the home buying process, the market, investment opportunities, and many other topics. Take advantage of those complimentary opportunities. After all, the more information the better, right?

4. Numbers Don’t Lie
A number of agencies and organizations conduct a fair amount of research that can be super beneficial. Websites like NAR (National Association of Realtors), HUD (U.S. Department of Housing and Urban Development), or some mortgage companies are a great resource for seeing the industry numbers. A person can say one thing, but backing it up with the concrete, statistical evidence is another.

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