Let's Debunk Some Common Real Estate Myths

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Black Concrete

• Let's Debunk Some Common Real Estate Myths

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• 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. 

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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. 

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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
  in Lisbon. 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.

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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.  

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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. 

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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. 

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Contact Us-

• Visit us-Av da liberdade N 110, 1st First
  floor.1269-046
• Our website- https//www.blackconcrete.pt/
• Call us- 351 96 9954444

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