8 Common and Costly Homebuying Myths

Due to this monumental shift, there are lots of misconceptions about buying a home that could cost you big when it comes time to go house hunting. Here are five of the most common real estate myths. 1.

Busted! 8 Common Myths to Inform Home Buyers We’ll help you bust the myths for buyers and open their eyes to the facts about homeownership to streamline the purchasing process. When it comes to purchasing a home, many people have common misconceptions about their mortgage options, up-front costs, home inspections, negotiating needs and more.

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Let’s explore some of the more common myths. 1. Now is Not a Good Time to Buy. Real estate has appreciated a lot recently. Many home buyers believe that they should wait until prices come down to buy homes. Don’t. You cannot time the real estate market. We can pinpoint the peaks and valleys of the market about 8 or 9 months after they happen.

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Debunk some common home buying myths before you make a home purchase with the help of Primary Residential Mortgage.. Common Myths about Homebuying; Myth 1: It’s impossible to buy a house today with less than perfect credit.. Your priorities must also include closing costs, a maintenance.

10 Common Myths Of The Home Buying Process. While this can be true in many cases, it’s just as common for the seller to not agree to pay for them at all.. as you get closer to the end in the home-buying process, closing costs will surface. Like we said above, while in many cases the.

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The Top 5 Home Buying Myths.. We have compiled a list of five of the most common myths and concerns for first-time home buyers. Myth 1: It’s just cheaper to rent.. one-time costs and proceeds; and net present value to account for opportunity cost of money. Not only this, but a home will.

It’s always a possibility that you could be receiving bad, but well-intentioned, advice without even knowing it. So I’m here to bust the most common home buying myths so you can be rest assured you’re on the right path. Because as a Realtor, this is what we do. =) Myth #1: The First Step is Looking for a House

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