Reality TV’s Impact on Real Estate and the Implications for Buyers Looking for Homes for Sale in Wayne, PA
Despite its name, reality TV can be far from reality. When dealing with real estate, reality programs often distort many aspects of the home buying process, which can create unrealistic buyers expectations as they look for homes for sale in Wayne, PA. Sage Realty, a dedicated buyers agency in the Main Line area, explains the reality of real estate transactions.
Reality TV must fit months of action and inaction into short, viewable segments. To do this, they make the process appear to takea few days at most. In reality, the process of buying a home, from pre-approval to closing, can take months or even a year.
Picture Perfect Showings
Beautifully staged, immaculate homes appear in nearly every real estate buying reality show. Manyhomes for sale in Wayne, PA can fall short of this Hollywood mark, leaving buyers disappointed. While it is preferable for sellers to stage their homes in the best possible light, they often have difficulty doing so, particularly when they still inhabit the house in question. Real inhabited homes can be slightly messy and have a lived-in feel.
Reality of Budgets
Obtaining pre-approval and other financial considerations are often skipped because the many details make for less exciting television. Instead, reality TV tends to inflate budgets and showcase expensive homes, leading buyers to expect similar results. To prevent possible disappointments, buyers need to sit down with their agent and mortgage company to develop realistic budgets and expectations.
Missing Most of the Buying Process
A lot of the processes that go into buying these homes are glazed over in reality television, simply because of TV’s limited air time. Reality shows tend to neglect the important steps like finding a real estate agent, obtaining inspections and appraisals, working with mortgage companies, and the potential problems that could cause an inability to get the house.
The Benefits of Real Estate Reality TV
While reality TV can mislead buyers into unrealistic expectations, some good can come from these types of programs. First time home buyers, for example, can learn a lot from watching these shows, such as:
- Red flags to look for, such as foundation problems
- Ideas for their ideal home, such as desired features and layouts
- How to set home trait expectations and make compromises
Call Sage Realty for Real Guidance When Searching Homes for Sale in Wayne PA
When looking for homes for sale in Wayne, PA, buyers should keep in mind that real estate programs are distorted and dramatized versions of reality. To learn more about the real process of buying a home in the Main Line and surrounding areas, please contact the dedicated professionals at Sage Realty today!
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