5 Home-buying myths unveiled.
Okay, let's clear the air on some common misconceptions about the home buying journey. You may have heard these myths before, but we're here to set the record straight.
Myth 1: You Need to Save 20% for a Down Payment
Hold on a minute! While saving up a hefty 20% down payment is a wise move in terms of monthly payment, it's not the only option. Unless you're diving into the world of investment properties, you can often get away with just 5% down (plus those pesky closing costs) for a conventional mortgage. No need to break the bank just to step through that front door.
Myth 2: Any Realtor Will Do
Let's talk realtors. Would you trust just anyone to cut your hair, handle your taxes, or babysit your precious kiddos or furry friends? Of course not! The same principle applies to your home-buying journey. Don't hire a realtor simply because you've known them forever or feel a smidge of guilt about going with someone else. This is a massive investment, and you need a partner who'll go the extra mile to find your dream home at the best price, all while respecting your timeline.
Myth 3: You Must Waive Inspections for a Competitive Offer
Ever heard that you have to skip inspections to stand a chance in this competitive market? Well, it's time to debunk that myth. Sure, some folks might waive inspections, but it's not a one-size-fits-all strategy. In fact, the majority of our savvy clients (a whopping 99%) are crafting competitive offers without tossing inspections out the window. There are clever ways to stay competitive without sacrificing the essential home inspection.
Myth 4: It's a Stress-Filled Rollercoaster
Yes, home buying can be nerve-wracking, but change can also lead to exciting new chapters in your life. With the right partner and proper preparation, you'll find yourself feeling secure, grounded, and dare we say it, excited throughout the home-buying process. From our very first conversation to handing over those keys, I’m here to guide you every step of the way.
Myth 5: Finding a Home Takes Forever
Not true! While there's no magic formula, many serious buyers discover their dream home within just 1 to 5 weeks of searching. Some even strike gold after only a handful of showings. How? It's all about knowing yourself - understanding your priorities and deal breakers. Home search fatigue is a real thing, and we get it. That's why we do the groundwork upfront to help you get crystal clear on what you're looking for. When we start the journey together, we're ready to hit the ground running. And if it takes more than several weeks, absolutely that’s OK as well!
So, there you have it - we've busted these home buying myths wide open. Armed with this knowledge, you're ready to tackle the real estate world with confidence and savvy. Your dream home is out there, waiting for you to make it a reality.
