Read the article below to learn about some of the common Myths and Facts about home buying. To read more, the link to the article is posted below!
MYTH: You need a large down payment.
A 20% down payment lowers you rinitial loan, but there are a lot of programs through your morgage lender or the government that help first-time homebuyers get into a house with less money.
FACT: There are cost beyond morgage.
Make sure to include the fees for homeowners insurane and property taxes. Additionally, you may have to pay part or all of the closing costs.
MYTH: No kids? School districts don’t matter?
Kids or not, a potential buyer may be looking for a home in a particular school district, and your house may sell quicker if your home is in a buyer’s desired location.
FACT: Yes, you want a home inspection.
Your real estate agent [US here at One Realty Partners!] can help you find a reputable inspector and then help you through the re-negotiaion process with the sellers, if needed.
MYTH: You don’t need a real estate agent.
Having an app at your fingertips can be handy, but nothing beats the knowledge of a trusted real estate agent. Contact an agent to guide you through the house-buying process and learn all the ins and outs of our city!
FACT: Negotiation is part of the process.
The asking price is not the final price. Use real estate comps and what you can actually afford to start the bidding. More than likely you’ll negotiate until you reach an agreed upon price.