By Tara-Nicholle Nelson
We humans have a natural craving to simplify the complex. This same instinct, which explainswhy legends, films and fairytales from every culture tend to boil down to heroes vs. villains, also explains why so many buyers and sellers desperately seek rules of thumb for making the often scary, rarely simple decisions they face.
Reality check: your real estate transaction is not a children’s story. Grown-up life is complicated, as are money matters and relationships. Since real estate involves all three (being a grown up, money and relationships), smart buyers and sellers should cast a suspicious eye at super simple real estate rules of thumb.
Let’s take a handful of the most persistent ones head on, and decipher which of them are fact, and which are fiction.