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