Should you wait or should you purchase now? What’s real and what’s the truth? Let’s dive into a few myths in today’s housing market.
WAITING TO BUY?
Myth: I should wait to buy until home prices and mortgage rates fall!
Reality: Experts say prices and rates will continue to rise this year. That means it’ll cost you more the longer you wait!
ASKING PRICE
Myth: I can set the asking price for my house at whatever I want.
Reality: You can’t pick just any price. Pricing your house appropriately for the market takes expertise – a real estate professional can help you with this.
HOME INSPECTIONS
Myth: Waiving a home inspection is a good idea if I want my offer to stand out.
Reality: An inspection tells you the condition of the home and can help prevent unpleasant surprises. Waiving it could cost you a lot more than it will save you.
RENOVATING
Myth: I have to renovate my whole house before I can sell it!
Reality: Partner with a real estate professional for expert advice on what you need to tackle. Some renovations may not be worth it in today’s market. Other renovations might increase your value.
For more information about our purchase loans, their benefits and loan options, and how it may apply to you, please contact us direct at 281-784-0661 or submit the quick quote form on this page.
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