Home buyers shouldn’t believe all the myths around these days. They should be cautious and very educated but don’t believe everything you hear.
Myth 1 : The longer a property is on the market the more you can negotiate down the price. Wrong, unless the seller tells you they are in a desperate situation they may not be willing to negotiate at all. They may not need to sell. Maybe they are just fishing to see who will bite.
Myth 2: Sellers are desprite. Wrong, not all sellers have to sell. They might just be thinking about a lifestyle change.
Myth 3: You have to have 20% down to buy a house. Wrong, check with your lender. FHA loans need only 3 1/2% down
Myth 4: You need great credit to buy a house. Wrong, you do need to have good credit and if it’s good great you’ll get a better interest rate.
Myth 5: Don’t buy until prices have bottomed out. Tell me when that will be? You won’t know if prices have bottomed out until they start to go up again!
Contact Dena Stevens about buying property around Southern Colorado, Canon City, Florence, Pueblo, Pueblo West and Penrose. I'm happy to help you find the right property!
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