Top 5 Home buying myths- busted

🏡 Top 5 Home Buying Myths- Busted!

Buying a home is one of the biggest decisions most people ever make, and it’s easy to get overwhelmed by all the advice, opinions, and hearsay. As a Realtor who’s walked alongside many first-time buyers and seasoned investors alike, I’ve heard just about every myth in the book. Today, I’m setting the record straight on the top five home-buying myths I hear most often.

💰”I need 20% down to buy a home.”

Nope! While a 20% downpayment can help you avoid private mortgage insurance (PMI), it’s not a requirement. Many buyers-especially first-timers, qualify for loan programs that require as little as 3% down. FHA loans, VA loans, and USDA loans all offer low or even zero down payment options. MHSDA offers downpayment assistance programs.

Pro Tip: A strong financial profile matters more than a sizeable down payment. Talk to a lender early- you might be surprised at what you qualify for.

📃 “I’ll save money if I don’t use a buyer’s agent.”

Here’s the deal: a dedicated real estate agent brings unparalleled market expertise to your home-buying journey. They’re in your corner, helping you navigate complexities and avoid costly mistakes. Their deep understanding of the market is a significant advantage you might not possess, ultimately safeguarding you from potential pitfalls.

 Please don’t hesitate to talk about commission rates and structures with your agent upfront. Just to remind you, open communication can lead to a mutually agreeable arrangement.

💸 “The only cost is the down payment.”

If only it were that simple! In reality, you’ll need to plan for:

• Closing costs (usually 3-5% of the purchase price)
• Home inspections and appraisals
• Moving expenses
• Utility transfers and potential repairs

Budget Tip: I give my clients a clear estimate of expected costs upfront- no surprises.

⏳ “I should wait for the market to cool down.”

Trying to time the market is like predicting the weather three months out. While market shifts matter, the best time to buy is when you’re personally and financially ready.

Ask yourself: Are you ready to settle in a community? Do you have job stability? Can you afford a monthly payment comfortably? If the answer is yes, let’s find your castle- #joefindsyourcastle🏰 😉

🏡 “I’ll find a house online first, then get pre-approved.”

Endless scrolling through Zillow is fun (and addictive), but getting pre-approved is the smarter first step. It shows sellers you’re serious and gives you a clear price range, so you don’t fall in love with a home outside your budget.

Need a lender recommendation? I’ve covered you with trusted local pros who make the process easy.

Ready to Bust These Myths in Real Life?

Whether you’re a first-time buyer or it’s been a while since your last purchase, I’m here to guide you with clarity, confidence, and a lot of heart. Drop me a message or let’s grab coffee. I’d love to help you take that next step.

📍Thinking of Buying a Home in Mid-Michigan? 

Let’s Connect:

📲 Call/ Text: 989-272-9567

📧 Email: Joe.weisenberger@c21affiliated.com

🔎 Follow on Facebook, Instagram, X @joeweisenberger for daily real estate tips 

Use hashtag #joefindsyourcastle to stay inspired.