Home-buying myths busted - FOX 35 News Orlando

Home-buying myths busted

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Are you tired of renting and ready to buy?

Family and friends are quick to give advice when it comes to the process and as a result, there are several home-buying myths out there.

Heather Unger with Lemontree Realty said it’s the beginning of selling season in central Florida and local real-estate agents are off-the-charts busy.

Here are some myths:

1. Having multiple agents pull your credit is going to hurt your credit score.
In a 14 day period, you can have as many agents pull your credit as you want, and it will only count as one ding against you. That’s how the credit bureau.

2. Spring is a great time to sell your house.

False, it’s a great time to buy. The market is flooded with people listing their properties.
If you list between November and January, that’s when a lot of people are ready to buy and close very quickly.

3. You should start with your lowest offer so you can leave room to negotiate.

False. That strategy works great on a used computer, not necessarily on a house. It’s a seller’s market. Most well priced homes are going to go in with multiple offers. If you lowball it, you could lose the chance to get the house, because others are chiming in with multiple offers and higher offers. You’re going to end up disappointed in the end.

4. You don’t need a buyer’s agent.

“I’m going to go straight to the builder to avoid paying a listing agent commission.”

That cost is built in even if you go straight to the builder so either way, it’s coming out.

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