Ep. 38 - Common Real Estate Myths
Keywords
real estate, myths, South Louisiana, home buying, flood zones, insurance, home inspections, property value, appreciation, real estate agents
Summary
In this episode of the RE Real Estate Podcast, hosts Ben Harang and Clint Galliano discuss prevalent real estate myths in South Louisiana, including misconceptions about down payments, flood zones, online home valuations, and the importance of home inspections. They emphasize the need for accurate information and the value of having a knowledgeable real estate agent to guide buyers through the process. The conversation also touches on the significance of home maintenance and the realities of home appreciation over time.
Takeaways
· You can buy a house with less than 20% down.
· Flood zones do not necessarily prevent home purchases.
· Online home valuations are often inaccurate.
· Waiting for prices to drop may cost you more in the long run.
· Home inspections provide an unbiased view of a property's condition.
· Not all homes appreciate in value; maintenance is key.
· Using a listing agent as a buyer can be detrimental.
· Real estate is local; having a guide is beneficial.
· Homeownership can be a forced savings account.
· Understanding flood insurance is crucial in flood-prone areas.
Sound Bites
"You can really do that."
"You don't need 20% down."
"It's not a perfect house."
Chapters
00:00 Busting Real Estate Myths in South Louisiana
03:04 Understanding Down Payment Myths
05:33 Navigating Flood Zones and Insurance
07:55 The Truth About Online Valuations
16:29 Understanding Property Valuation and AVMs
18:08 The Myth of Waiting for Prices to Drop
20:30 The Impact of Inflation on Home Buying
23:02 The Importance of Home Inspections
25:10 Do All Homes Appreciate in Value?
28:03 The Role of Real Estate Agents in Transactions
Hosts
Ben Harang, REALTOR® La.
License #: 36589
Keller Williams Realty Bayou Partners
Mobile: 985.859.2500
Office: 985.262.4400
benharang.com
Clint C. Galliano, REALTOR®
La. License #: 995704723
Keller Williams Realty Bayou Partners
Mobile: 985.647.4479
Office: 985.262.4400
clintcgallianorealtor.com
Produced by Clint Galliano
Music by Wiggins Studios
Click here to view the episode transcript.
Click here to watch a video of this episode.
