If you are in the market for a home, you should be aware of some popular home buying myths. These myths have come into being by well meaning people who thought that they were making accurate assumptions of the housing market. Yet, as we all know this market is always changing and so are the habits of those who are in the selling market. For this reason, stick with instincts and realize not everything you hear about buying a home is true.
Here are a few myths every home buyer should know
You will know when you find the perfect home
There are no perfect homes and there are no perfect people. It is as simple as that.
Every home as a soul or will speak to you directly
Some misguided shoppers are continually looking for a sign or for a house with a voice to speak to them and say “I am the one.” This doesn’t always happen. Remember real estate agents and even regular sellers can help make you think the house is speaking to you or promote so called feelings that aren’t really there.
Every listing is completely accurate
Check the facts yourself. Face it, people aren’t always honest. Plus, people do make mistakes. If the ad says the house has copper plumbing, check that it does.
If the seller accepts your offer, you offered more than the house is worth
No, this is not necessarily true. In these bad economic times, a seller may be happy that you made an offer or he may just be eager to sell. If you did your research and you figured out your budget, don’t second guess yourself on what you offered.
Every home will increase in value
You can’t count that any home you will increase in value over time. You never know what the future will hold or what changes will happen to the economy. All you can do is hope for the best.
No, we can’t predict the future. All we can do is try to make the best financial decisions we can.
When it comes to shopping for a home, do your research, check your budget, get the facts and then use the best judgment you can. However, try not to fall for the most common home buying myths.