EP: 0046 - Debunking Real Estate Myths with Leela Nelson-Hollcroft

The Bellingham Real Estate Podcast

Podcast Summary: Debunking 3 Common Real Estate Myths with Leela Nelson-Hollcroft

In this episode, Realtor Leela Nelson-Hollcroft tackles three widespread myths in real estate, sharing her expertise and personal experiences to provide valuable insights for buyers and sellers.

00:30 – Myth #1: You need 20% down to buy a home.

Leela recounts her inspiring story of purchasing a home with zero down as a single mom in her 20s. This experience motivated her to become a Realtor and help others achieve homeownership. She breaks down financing options such as FHA, VA, and USDA loans, which often require as little as 5% or even no money down.

07:25 – Myth #2: Spring is the best time to sell your home.

Leela and Paul explore the common belief that spring is the ideal season for selling. While spring often brings higher intensity, multiple offers, and beautiful landscaping, Leela emphasizes that supply and demand in Bellingham and Whatcom County remain steady year-round. Ultimately, the best time to sell is when it works best for your personal situation.

12:15 – Myth #3: Pricing your home slightly above market value is the best strategy.

Leela debunks the idea that listing a home above market value creates better negotiation opportunities. Research shows that pricing competitively results in faster sales and higher final prices, whereas overpricing often leads to homes selling for less. However, Leela notes that pricing strategies can vary depending on market conditions.

📧 Contact Leela
If you’d like to connect with Leela Nelson-Hollcroft, reach her at [e-mail].