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9 home-buying myths to stop believing

Posted on September 21, 2016 by Community Real Estate

When you’re ready to make the jump from renter to homeowner, beware of the most common misconceptions about home buying such as thinking looking for homes is the first step. Instead, before homebuyers get started, they should make sure their credit is in top-notch shape and get pre-approved for a mortgage, which will help determine what their budget will be. Don’t forget the up-front 3 to 6 percent closing costs, fees, taxes, and other costs for inspections, credit reports, insurance, among others. Other misconceptions are thinking a 30-year mortgage is the best option and that you need a 20 percent down payment.

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Community Real Estate is a Real Estate Brokerage committed to provide quality professional services. We are a full service company with in-house lending. We are Realtor®s and HUD approved selling agents. We are expert Short Sales, Listing Agents and Buyers’ Agents. We also specialize in First Time Buyers, Second Homes, Vacation Homes, Investment Homes, Leasing and Rentals, Relocations, Probate sales, Vacant Land sales, Manufacture Homes/Mobile Homes sales, Foreclosures, Distress Properties and REO listings and sales. We support our America’s Heroes. We look forward to meeting you and your needs!

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