9 Home Buying Myths to Unlearn Right Now - Professionals Real Estate

9 Home Buying Myths to Unlearn Right Now

Professionals Real Estate Latest News | News for Buyers 9th May, 2024 No Comments

Think you know everything about buying a home? Think again! Don’t fall for these 9 common myths that could derail your home-buying journey.

  1. 20% Down Payment: You don’t need it. There are options with lower down payments.
  2. Renting is Always Cheaper: Not necessarily. Buying can be a smart long-term investment.
  3. Perfect Credit Required: Many lenders offer options for various credit profiles.
  4. Non-Negotiable Listing Price: Negotiation is standard in real estate transactions.
  5. Buy the Most Expensive House: Stay within your budget to avoid financial strain.
  6. New Construction Doesn’t Need Inspection: Always get one to catch any hidden issues.
  7. Wait for the Perfect Time: There’s no perfect time. Focus on your readiness.
  8. Can’t Buy with Student Loan Debt: It’s possible, especially with specialised loan programs.
  9. Best Deals on the Market: Explore off-market opportunities for hidden gems.