3 Must-Know Tips from Real Estate Insiders

Maximize your home sale with these tips.
3 Must-Know Tips from Real Estate Insiders
Image credit: Shutterstock.com

Free Book Preview Entrepreneur Kids: Launch Your Own Business

Submit your email to get a sneak peek of some of the fun, educational worksheets included in our NEW book for the little entrepreneur in your life.
Content Provider
2 min read
This story originally appeared on GOBankingRates

Jumping into the real estate world is a tried-and-true pathway to wealth. That pathway, although tested, isn’t for the faint of heart -- there are many bumps along the way. Before you start buying, take some useful beginner’s advice from the insiders who have been there and done that.

Related: 12 Times You Should and Shouldn't Invest in Your Favorite Brands

Check out the tips below to learn about some common real estate myths you need to know before you get into the game.

Tip 1: It’s all about the timing.

Dollar signs are directly linked to the calendar when it comes to real estate. Thanks to seasonal fluctuations, the listing date could increase sellers’ profits -- or give buyers a serious discount.

Related: 13 Million-Dollar Businesses That Turned Down 'Shark Tank' Deals

Tip 2: Video made the real estate star.

The online shopping phenomenon has also touched the world of real estate -- and over 80 percent of all new home buyers find their new abode online, according to Ben Salem of Ben Salem Properties in Beverly Hills, Calif. His advice? Put that GoPro to good use and give prospective buyers a walk-through of their new, soon-to-be home.

Related: 15 Money Habits That Are Making Millennials Rich

Tip 3: Be wary of home improvements.

Do your homework and learn which home improvements add value to your home, because not all of them do. Be sure to focus on projects that will maximize the return on your investment -- think a fresh coat of paint or a new garage door versus a massive undertaking, pricing you out of your real estate market.

(By Rachel Farrow)

More from Entrepreneur
Entrepreneur Select: A Fund For Entrepreneurs, By Entrepreneurs

Entrepreneurs require more than just money, which is why we aim to empower you, as well as act as a catalyst for value creation.

Make sure you’re covered if an employee gets injured at work by
  • Providing us with basic information about your business
  • Verifying details about your business with one of our specialists
  • Speaking with an agent who is specifically suited to insure your business
Whether you want to learn something new, be more productive, or make more money, the Entrepreneur Store has something for everyone:
  • Software
  • Gadgets
  • Online Courses
  • Travel Essentials
  • Housewares
  • Fitness & Health Devices
  • And More

Latest on Entrepreneur