Don’t Believe These Buying Myths

Here are three home-buying myths about our market you shouldn’t believe.

Recently, I’ve heard a few things from clients that don’t add up. It seems like there are a lot of myths floating around, and they can hurt your chances of winning a home if you believe them. Today I want to address three home-buying myths that you shouldn’t trust:

Myth No. 1: You should wait for interest rates to drop. Here’s the reality: Experts agree that rates will continue to rise throughout 2022. The longer you wait, the more expensive it will be to purchase a home. You’ve likely seen your purchasing power decrease already. This should motivate you to make a move and create a plan soon.

The best way to create a good buying plan is to work with a trusted real estate professional. They can guide you through the process and get you in touch with an excellent lender. If you were pre-approved a month ago, rising rates might have changed your budget. If you need a fantastic local lender to go over your finances, reach out to me. I’d love to put you in touch with someone great.

"The best way to create a good buying plan is to work with a trusted real estate professional."

Myth No. 2: Waiving your inspection is a good idea. I get it; you want your offer to stand out, and waiving your inspection seems like an easy way to make it happen. However, hidden problems in a home can cost you thousands of dollars and tons of headaches. Instead, I recommend pre-inspecting the house. This way, you still get to inspect the property without a contingent offer.

Myth No. 3: If you need to buy and sell, you must use a home-sale contingency. In this crazy market, a home-sale contingency will make it much more difficult for you to win a bid. Fortunately, you have other options. If you want to sell your home before purchasing, I can help by negotiating a lease-back agreement. If you want to buy before you sell, my home-buying program can help. We’ll help get you approved for a loan for your new home, then use the proceeds from your sale to pay it back.

If you have questions about these myths or anything else related to real estate, please call or email me. I am always willing to help.