8 Common and Costly Homebuying Myths

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Home Buying Myth #3 – The only upfront cost is a down payment. This is one of the most dangerous of all the home buying myths. The costs of purchasing a home should be covered by both your agent and your mortgage lender, but sometimes the hidden fees get glossed over.

Busted! 8 Common Myths to Inform Home Buyers. Busted! 8 Common Myths to Inform Home Buyers. The down payment is your only up-front cost.. When you help bust these common home buying myths for your clients, you’re helping them make informed decisions about one of biggest investments they.

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8 myths about home buying, debunked. Share.. Here are 8 common myths, demystified. If your offer has been accepted, the house is yours. Problems with my new house are at the previous owner’s cost Once you’ve gone unconditional, the house and any problems with it are pretty much yours..

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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Check out these 8 additional costs as you prepare your home-buying budget. 5. Myth: The seller will pay for pretty much everything at closing, except your down payment. In some instances, sellers may pay some of your closing costs 1, due to state requirements or to sweeten the deal. Often, though, buyers and sellers split the costs. Your seller.

9 Home-Buying Myths You Need to Stop Believing Immediately. So we’re here to bust the most common misconceptions about home buying so you can do this thing the right way.. Myth No. 4: The.

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