Busting Home Buying Myths

Mary Carlson

|

April 3, 2020

Scroll down arrow

Buying a home is a big deal, right! So much so that many people, especially millennials, think it’s something that will always be out of reach or something to be feared. There are so many myths and misconceptions that hold people back from exploring their options and ultimately, stop them finding the home they always wanted. Today, I want to explore a couple of these myths and debunk them once and for all.

Myth #1: You need a 20% down payment. 

Probably the most common myth when it comes to home ownership. Although a 20% down payment is ideal, not everyone can afford that. You can purchase a home with a smaller down payment, usually as low as 3-5%, in exchange for paying PMI (Private Mortgage insurance). 

Myth #2: Now is a bad time to buy. We are going to have a market collapse soon!

Another very common myth that seems to persist no matter what the market is like. Now is a bad time to buy, well, when is the best time to buy, and how will you know? The reality is markets will rise and fall, year on year, month after month. Generally, competition is highest in spring and lowest in the fall. The exact highs and lows are only clear once they have passed. The best bit of advice I can give is focus more on your own personal and financial situation and less on the weather. 

Hello, I'm
Mary Carlson
Connect With Me
Mary Carlson

Find Your Dream Home

Inspiring and empowering my real estate clients with an innovative and straightforward experience.

Contact UsContact Us
Mary Carlson
Realtor
(858) 285-8803
marydennae@gmail.com
7863 Girard Ave #208
La jolla, CA 92037
DRE 02075810
Let's Work Together
Complete the form below and we will reach out right away!
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Success!
Your Information Has Been Received
Thank you for your message. We appreciate your patience and look forward to connecting with you! We will be in touch shortly.
x out
This Website Is Not Authorized
Login or contact us to unlock your website at
team@authorized.company
Login To Unlock