3 Must-Know Tips from Real Estate Insiders

Maximize your home sale with these tips.

Grow Your Business, Not Your Inbox

Stay informed and join our daily newsletter now!
Will be used in accordance with our Privacy Policy
3 Must-Know Tips from Real Estate Insiders
Image credit: Shutterstock.com
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

Get heaping discounts to books you love delivered straight to your inbox. We’ll feature a different book each week and share exclusive deals you won’t find anywhere else.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Create your business plan in half the time with twice the impact using Entrepreneur's BIZ PLANNING PLUS powered by LivePlan. Try risk free for 60 days.

Latest on Entrepreneur

Entrepreneur Media, Inc. values your privacy. In order to understand how people use our site generally, and to create more valuable experiences for you, we may collect data about your use of this site (both directly and through our partners). By continuing to use this site, you are agreeing to the use of that data. For more information on our data policies, please visit our Privacy Policy.