Buying a home can seem like a huge undertaking. You don’t need to be a first time home
buyer to find the process overwhelming. There is so much information available, how can you
tell what’s true and what’s a myth? Understanding the difference can help you make the best
decision for you and your family goals.
Top Home Buying Myths – And the Truth
The First Step is finding the Right House –
WRONG!
Before you head out shopping, speak with a lender to understand your financial options and how much house you can afford.
You Can’t Buy a Home Without Perfect Credit
WRONG!
The truth is there are many loans available which still offer good interest rates for those without that perfect score.
You Need 20% Down Payment
WRONG!
First time home buyers can use FHA financing for as low as 3.5% down. There are other programs too, such as VA and some conventional
loans with less than 20% down also.
You Don’t Need an Agent
WRONG!
An agent not only knows the market and can help you with value, but also customary charges, negotiations and solutions to common hiccups.
Schools Don’t Matter if you don’t have Kids
WRONG!
Neighborhood schools are always important to home values, regardless of whether you yourself have children.
New Homes Don’t Need a Home Inspection
WRONG!
Every home should have a home inspection by a licensed inspector to check for existing or potential problems.
Buying a home is one of the most important financial decisions you’re likely to make in your
lifetime. Take the time you need to understand the process and learn from the professionals.
WE ARE HERE TO HELP.
First Weber sells real estate throughout Wisconsin: Metro Milwaukee and Southeastern WI, South Central Wisconsin/Greater Madison, Central Wisconsin, Northeast Wisconsin, Western WI, parts of MN, Michigan’s UP and Wisconsin’s great Northwoods. You can start searching for Wisconsin real estate and Wisconsin real estate agents at firstweber.com
Thanks for reading the First Weber Wisconsin real estate & Wisconsin living blog.