The Central App

Property: Debunking Real Estate Myths

The Central App

Peter Hishon - Property Contributor

22 February 2025, 4:00 PM

Property: Debunking Real Estate Myths

Real estate is one of those topics everyone seems to have an opinion on, and plenty of myths float around that can cause unnecessary stress for buyers and sellers.


Let’s clear up some common misconceptions with a no-nonsense approach.


One of the biggest myths is that you need to wait for the "perfect time" to buy or sell.



Here’s the truth: there’s no such thing as perfect timing in real estate. Markets fluctuate, and while it’s smart to be aware of trends, trying to predict the exact moment to act can be like chasing your tail.


What matters more is your personal situation—whether it’s the right time for you to make a move.


Another myth is that you should always list your home at a higher price to leave room for negotiation.


While this might sound clever, overpricing can actually backfire. Buyers are savvy, and if your property sits on the market too long, it might start to look stale, leading people to wonder what’s wrong with it.


A well-priced home generates more interest and often leads to competitive offers.



Some sellers think they should renovate every inch of their home before listing it.


While certain updates, like a fresh coat of paint or fixing obvious issues, can add value, not every improvement will give you a good return on investment.


Focus on what matters most to buyers—cleanliness, functionality, and curb appeal—and don’t overextend yourself.


Finally, there’s a myth that you don’t need an agent because you can "do it yourself" online.



While technology has made information more accessible, there’s no substitute for local expertise.


A good real estate agent knows how to market your property, navigate negotiations, and handle the finer details, saving you time, stress, and potentially money in the long run.


Buying or selling a home is a big decision, but it doesn’t have to be overwhelming.


By cutting through the myths and focusing on what really matters, you can approach the process with confidence and clarity.


Central Otago has a lot to offer, and with the right guidance, your real estate journey can be as rewarding as the destination.