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Any homebuyer will tell you there's a ton of conflicting advice out there to sift through! Here are some of the most common myths floating around about buying a home.
I can always get a home inspection when going to buy a home.
This is actually false. 58% of homes are selling above asking in bidding wars, and many offers are being written with only a financing condition, or sometimes no conditions at all. This means adding a home inspection condition into your offer could mean the difference between you getting that home and losing it to another buyer.
If a home inspection is important to you, there are ways we can get creative and get one conducted prior to offer date, so you can write a strong offer with confidence. If you want to hear more about how this can be done, give me a call at 204.891.3083.
I have to pay a real estate agent as a buyer.
This is a common misconception. Realtors actually get paid through the seller, so working with an agent is a free service to you as a buyer. The commission is posted online, and we know what we’re going to get paid before even going to show a house. Seeing as an agent can offer you guidance, advice and connections that can only come with years of experience, here’s no reason to try to go it alone!
Everything is selling above asking price.
It’s true that in 2021 we are in a sellers’ market. 58% of homes are selling above asking price, but that leaves 32% selling below and 10% selling right at asking price. We are seeing most of the activity in the first-time homebuyer’s category, in the 250k–400k price range.
I’ll find my dream house first and get pre-approved after.
This is not the best way to do things, and has resulting in many disappointments for buyers. If you wait to find the perfect home before getting pre-qualified, by the time you get everything in order that house might be snatched up. Instead, head to the market with that pre-approval in place, so you can hit the ground running ready to make a great offer on a house you love.
If you want more advice or information on buying in today’s market, call or text me at 204.891.3083.