Buying Myths | The Paradigm Realty Group

The Benefits of a 20% Down Payment

Buying Myths, Down Payments, First Time Home Buyers, For Buyers, For Sellers, Move-Up Buyers / Ajeenah Crittendon

$\"The$ If you are in the market to buy a home this year, you may be confused about how much money you need to come up with for your down payment. Many people you talk to will tell you that you need to save 20% or you won’t be able to secure a mortgage. The truth […]

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Slaying the Largest Homebuying Myths Today [INFOGRAPHIC]

Buying Myths, Down Payments, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Infographics, Interest Rates, Move-Up Buyers, Pricing, Rent vs. Buy / Ajeenah Crittendon

Some Highlights:

The average down payment for first-time homebuyers is only 6%!
Mortgage interest rates have been on the decline since November! Hop in now to lock in a low rate!
88% of property managers raised their rents in the last 12 months!
Th…

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The Enormous Divide Between the Headline and the Truth

Buying Myths, First Time Home Buyers, For Agents, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, Selling Myths / Ajeenah Crittendon

$\"The$ “I have observed that not the man who hopes when others despair, but the man who despairs when others hope, is admired by a large class of persons as a sage.” – John Stuart Mill (1840s) Even back in the mid-1800s, people knew that negative news sells. That is still true today. All forms of […]

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How to Get a Better Perspective on Affordability

Buying Myths, First Time Home Buyers, For Buyers, For Sellers, Move-Up Buyers, Pricing / Ajeenah Crittendon

$\"How$ Headlines spotlight the fact that buying a home is less affordable today than it was at any other time in more than a decade. Those headlines are accurate. Understandably, buying a home is more expensive now than immediately following one of the worst housing crashes in American history. Over the past decade, the market was […]

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One More Time… You Do Not Need 20% Down to Buy a Home

Buying Myths, Down Payments, First Time Home Buyers, For Buyers, For Sellers, Move-Up Buyers / Ajeenah Crittendon

$\"One$ The largest obstacle renters face when planning to buy a home is saving for a down payment. This challenge is amplified by rising rents, which has eaten into the amount of money renters have leftover for savings each month after paying expenses. In combination with higher rents, survey after survey has shown that non-homeowners (renters […]

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Buying a House This Year? This Should Be Your 1st Step!

Buying Myths, First Time Home Buyers, For Buyers / Ajeenah Crittendon

$\"Buying$ In many markets across the country, the number of buyers searching for their dream homes outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show that you are serious about buying your dream home is to get pre-qualified or pre-approved for a […]

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No Bubble Here! How New Mortgage Standards Are Helping

Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates / Ajeenah Crittendon

$\"No$ Real estate is shifting to a more normal market; the days of national home appreciation topping 6% annually are over and inventories are increasing which is causing bidding wars to almost disappear. Some see these as signs that the market will soon come tumbling down as it did in 2008. As it becomes easier for […]

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Will Your Side Hustle Buy You a House This Year?

Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Millennials / Ajeenah Crittendon

$\"Will$ The top concern for most first-time home buyers is their ability to save for a down payment. According to a new survey, 36% of millennials took on a second job to make their dreams of homeownership a reality in 2017. Among millennials with incomes over $100,000 a year, the top ways to come up with […]

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The Cost of Renting vs. Buying a Home [INFOGRAPHIC]

Buying Myths, First Time Home Buyers, For Buyers, Infographics, Rent vs. Buy / Ajeenah Crittendon

Some Highlights:

Historically, the choice between renting or buying a home has been a tough decision.
Looking at the percentage of income needed to rent a median-priced home today (28.4%) vs. the percentage needed to buy a median-priced home (17.5%)…

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75% of Renters Have Been Misinformed

Buying Myths, First Time Home Buyers, For Buyers, Rent vs. Buy / Ajeenah Crittendon

$\"75%$ Recently, multiple headlines have been written asserting that homeownership is less affordable today than at any other time in the last decade. Though the headlines are accurate, they lack context and lead too many Americans to believe that they can’t partake in a major part of the American Dream – owning a home. In 2008, […]

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