Buying Myths

2 Myths Holding Back Home Buyers

Buying Myths, Down Payments, First Time Home Buyers, For Buyers /

\"2Urban Institute recently released a report entitled, “Barriers to Accessing Homeownership: Down Payment, Credit, and Affordability,” which revealed that, “Consumers often think they need to put more money down to purchase a home than is actually required. In a 2017 survey, 68% of renters cited saving for a down payment as an obstacle to homeownership. Thirty-nine percent of renters […]

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Buying a Home Can Be Scary… Until You Know the Facts [INFOGRAPHIC]

Buying Myths, First Time Home Buyers, For Buyers, Infographics /

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Some Highlights:

Many potential homebuyers believe that they need a 20% down payment and a 780 FICO® score to qualify to buy a home which stops many of them from even trying! Here are some facts:

  • 72% of buyers who purchased homes this year have put down less than 20%.
  • 4% of loan applications were approved last month.
  • The average credit score of approved loans was 727 in September.

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Housing Is Still Affordable in the United States!

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

\"HousingLately, there have been many headlines circulating about whether or not there is an “affordability issue forming in the housing market.” If you are considering selling your current house and moving up to the home of your dreams, but are unsure whether or not to believe what you’re seeing in the news, let’s look at […]

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Will Home Prices Continue to Increase?

Buying Myths, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, Pricing /

\"WillThere are many unsubstantiated theories about what is happening with home prices. From those who are worried that prices are falling (data shows this is untrue), to those who are concerned that prices are again approaching boom peaks because of “irrational exuberance” (this is also untrue as prices are not at peak levels when they are adjusted for inflation), there […]

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Pre-Approval: Your 1st Step in Buying a Home

Buying Myths, First Time Home Buyers, For Buyers, Move-Up Buyers /

\"Pre-Approval: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 you are serious about buying your dream home is to get pre-qualified or pre-approved for a […]

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Dispelling the Myth About Home Affordability

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

\"DispellingWe have all seen the headlines that report that buying a home is less affordable today than it was at any other time in the last ten years, and those headlines are accurate. But, have you ever wondered why the headlines don’t say the last 25 years, the last 20 years, or even the last […]

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5 Real Estate Reality TV Myths Explained

Buying Myths, For Buyers, For Sellers, Selling Myths /

\"5Have you ever been flipping through the channels, only to find yourself glued to the couch in an HGTV binge session? We’ve all been there, watching entire seasons of “Love it or List it,” “Million Dollar Listing,” “House Hunters,” “Property Brothers,” and so many more all in one sitting. When you’re in the middle of your real […]

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