I believe an educated Buyer or Seller will be far happier during the home buying/selling process.
Are you planning on buying a home in Houston Texas? If so, you come to the right place!
There's no doubt that the Houston real estate market makes a great place to buy a home. Sadly, there are several home buying myths that are stopping many people from successfully being able to invest in real estate either for the first time or for purchasing a rental property here that's why in this article I'll break down for you several home buying myths that you should not fall for.
Myth #1 - You need a perfect credit score to purchase a home
Over the last several years one of the top home buying myths that have been going around across the United States is that you need to have a perfect score to purchase a home. This myth could not be farther from the truth because there are government programs and mortgage loans to choose from that enable you to purchase a home with even with a credit score that's a lot lower than 700.
Myth #2 - Renting is more affordable than buying
Sadly, another common home buying there that's been around for many years is that renting is cheaper than buying a home. This myth still continues to persist even in 2018 but the truth is that if you’re paying more than 30% of your income to rent on a monthly basis, you're actually losing money every month that could have been put towards your investment in real estate and also your future.
Myth #3 - First time home buyers want starter homes
Last fall, but most importantly, another top home buying that's been around for some time is that most first-time home buyers would rather purchase starter homes then purchase their dream home from the very beginning.
If you're a first-time home buyer, depending upon your income, it may make more financial sense for you to purchase your dream home now rather than waiting to purchase a typical starter home.
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