7 Home Buying Myths & the Real Truth You Need to Know!

Buying a home can seem like a huge undertaking. You don’t need to be a first time home buyer to find the process overwhelming; even experienced home buyers need a hand.

There is so much information available, how can you tell what’s true and what’s a myth? Understanding the difference can help you make the best decision for you and your family.

Top Home Buying Myths – And the Truth:

  • The First Step is Finding the Right House – MYTH! Before you head out shopping, speak with a lender to understand your financial options and how much house you can afford. Need a recommendation? Contact me today and I can put you in touch with the right people.

  • You Can’t Buy a Home Without Perfect Credit –MYTH! The truth is, there are many loans available which still offer good interest rates for those without that perfect score.

  • You Need 20% Down Payment –MYTH! First time home buyers can use FHA financing for as low as 3.5% down. There are other programs as well, like VA and conventional loans with less than 20% down.

  • You Don’t Need an Agent – MYTH! An agent not only knows the market and can help you with value, but also with customary charges, negotiations, and solutions to common hiccups. This is especially important in Crested Butte and Gunnison County where things like snow, BOZAR, and VRBO licensing can affect your plans.

  • Schools Don’t Matter if You Don’t Have Kids – MYTH! The neighborhood is always important to home values, regardless of whether you yourself have children. The good news? Here in Crested Butte we have the BEST school. Read more in this article from the Crested Butte News.

  • New Homes Don’t Need a Home Inspection – MYTH! Every home is required to have a home inspection by a licensed inspector to check for existing or potential problems. Buying a home is one of the most important financial decisions you’re likely to make in your lifetime. Take the time you need to understand the process and learn from the professionals; don’t assume that everything you read is true. Find an agent that you know and trust!

holly harmon