Home Buying Myths

Home Buying Myths

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Many of my clients are first time home buyers and I am constantly surprised about some of the myths they believe about the buying process. I am going to outline  a few of the most common beliefs surrounding purchasing a home!

The first step is looking at whats out there on Zillow. 

    No- Please save yourself from misinformation by starting your search on Zillow. It is imperative that your first step be to chat with a qualified lender about your options. Don't go shopping before you know how much you can realistically spend. It can be frustrating for buyers if they are looking at all the homes they cannot buy because they are waiting for their pre- qualification to come through.  I always recommend that Zillow be backup to your search. It can give you false hope on how many homes are available in your price range and selected locations. Many of the homes listed are no longer available or have incorrect information. Get the pre approval done and then meet with a local agent to get you the best most up to date information!

Your down payment is the only money you need to have up front for your purchase. 

    No- if you are in the process of thinking about purchasing a home there are a few more costs involved than just the down payment. The home inspections, earnest money, lender fees, title fees and sometimes unexpected fees for taxes and insurance. It is important that you know going in what some of those costs are going to look like. Have a buyers consultation with a Realtor and ask about some of these fees so you can be educated before you start shopping. 

Meeting with a Realtor means you are obligated to them. 

No- Just because you have a buyer consultation with an agent does not mean you are obligated to them. It can be important for you to meat with multiple Realtors to make sure you are getting an agent that will work for you! It is important for you to feel comfortable with your agent you will be spending time with them and they will be helping you negotiate a future contract. Compare agents and pick the one you are most comfortable with. 

You need to see everything out there to choose your next home. 

    No- This is where the buyers consultation comes back. Many of my clients purchase their new home and have only seen 5-7 homes! I have had several purchase the first home I have shown them. Its not necessarily about seeing everything available. It is more about seeing what homes meet your needs. Don't waste your time looking at homes that you would not consider buying! Narrow your search to the point where you have excluded homes that do not meet your top five needs and go from there. Your time is valuable. 

Jacquelyn Carlson Headshot
Phone: 763-442-7197
Dated: September 13th 2016
Views: 108
About Jacquelyn: I am in my first year as a buyer specialist with the Steinbach Home Selling Team. I work exclusiv...

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