Let's Debunk Some Common Real Estate Myths

1. Let's Debunk Some Common Real Estate Myths Black Concrete

2. Investing in real estate is one of the critical decisions of life, and that's why before approaching real estate in Lisbon, every future investor tries to gain knowledge from different sources and becomes hugely aware of each penny. However, most of the time, the ability stands false from reality, and the truth gets overshadowed by incorrect information called myths.  • So, in the following segment, let's break some real estate myths and help people make wiser decisions for real estate investments. 

3. Real Estate is a High-Risk Investment  • Due to a lack of knowledge, most people believe that real estate is a riskier investment than stocks and bonds. However, in reality, bonds and stock markets are more dangerous because they are unstable. If your research is proper, there shouldn't be any fear of investing in the properties. Plus, you'll always have a place in your name with monetary value no matter the market's current status. 

4. You must be Rich to Invest in Real Estate  • This is one of the customary myths revolving around the real estate that only financially stable individuals can invest in houses for sale inLisbon. Contrary to the belief, the individual who can repay the loan in EMIs is eligible to invest in the property. Plus, many banks and financial institutions are offering several schemes to help people buy their dream homes.

5. All Real Estate Agencies are the Same  • Centralizing the misconception, many buyers and sellers create hurdles for themselves by hiring the inaptitude real estate agents and the agencies. A real estate agent can be the buyer's agent & a seller's agent, so choose what works the best for you. Also, experience plays a vital role in selecting a real estate agent. A minimum of 4-5 years of experience is mandatory to know the market and perform effectively.  

6. Real Estate Investments in Only for Older Adults • Most people think that putting money into real estate requires years of experience and knowledge; otherwise, you'll only face loss. But in practice, you can't access knowledge and understanding until you try by yourself. So, investing in real estate when young is one of the safest options. This is so because, since you're young, you will have more working years ahead, thus having a higher percentage of repaying the loan faster. Plus, your career & your monetary limits will also grow, which means your current EMIs will not hinder your future savings. 

7. Always Ask for a Higher Price  • This is one of the biggest misconceptions revolving around the property and real estate that sellers must set a higher price than the actual competitive price to have the room for negotiation. Also, sellers think that if you don't ask more, you'll not get more.  • In reality, if you demand a higher price, the house will stay longer in the market as it will not generate curiosity and interest in people. At last, you have to sell the property for a lesser price, meaning loss. Thus, it is wiser to quote a competitive price to remain in the market. 

8. Contact Us:- • Visit us:-Av daliberdade N 110, 1st First floor.1269-046 • Our website:- https://www.blackconcrete.pt/ • Call us:- + 351 96 9954444

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