BACK TO MAIN PAGE

👻 3 Spooky Homebuyer Myths Debunked

October 21, 2021

1 MINUTE READ

Over 83% of first-time homebuyers say the biggest benefit they received from an agent was “help understanding the process.” Because, even with all the information you can find online, there are still a lot of myths surrounding the home buying process.

Yes, buying a home is a big deal — but it doesn’t have to be scary. When armed with the right information (and the right team at your side), you’ll limit the ghosts and goblins that can pop up along the path to your dream home.

So, let’s debunk a few spooky myths:

👻 You need a 20% down payment. There are plenty of loan options that require far less than 20% down to purchase a home. Of course, this depends on your credit score and history, but the idea that a home is out of reach without 20% down just isn’t true anymore.

👻 Your credit needs to be perfect. Again, not totally true. There are home loan programs that will accept credit scores around 580, although your credit history, income, and other factors also play a role.

👻 Your friends and family know the best agent. Your cousin’s wife may have used their best friend from college, but that doesn’t mean they’re right for you. You need an agent that has local market expertise and the ability to strongly negotiate on your behalf.

Featured Homes

See all of our current listings on app.reali.com

Good To Know

Co-Buying Has Skyrocketed in the Last 7 Years

Co-Buying Has Skyrocketed in the Last 7 Years

Burdened by debt and facing soaring home prices, first-time home buyers are pooling their finances with partners, friends or roommates.
This Is How Much It Could Cost to Buy a Home in the U.S. by 2030

This Is How Much It Could Cost to Buy a House in the U.S. by 2030

Economist Danielle Hale speaks about why home prices are rising and what people can do to prepare.
Single Family Rent Growth Approaches Double Digits

Single-Family Rent Growth Approaches Double-Digits

Rent growth accelerated for all price tiers in August, though rents for high-priced rentals showed the highest increase.
spooktacular ways to decorate a home

Spooktacular Ways to Decorate Your Home

Not sure where to start when it comes to Halloween decor? These tips will help you make your house extra fun and spooky this year.

Halloween or not, buying a home doesn’t have to be scary — even in today’s competitive market. Our team at Reali is standing by to help. Let’s have a conversation today!