The Castillo Group does our best to help our clients fully understand the house buying process they are about to enter into so that expectations are set and goals can be met. One of the ways we do this is by clearing up any misconceptions new house hunters bring to the process.
Misconception: All Real Estate Agents are the Same.
Of course agents are all different! Yes, we all strive for the same goal: to help our clients buy and sell homes, however, each agent has a specific way of conducting business. Some provide better service than others, some have more expertise in certain aspects of the process like negotiations or marketing, while others specialize in certain neighborhoods; every agent has their own niche!
Misconception: You need 20 percent down to buy a home.
Although putting 20% down is common for homebuyers, certain loans allow you to put down less. Most loans, however, still require great credit and proof of income. Take a look at the different types of loans you can choose from.
Misconception: The asking price is the selling price.
Just because a home seller asks for a specific price, that doesn’t mean that the home is worth that price. There are several factors that go into pricing a home. For instance, the value of the surrounding homes in your area, the condition of your home and the upgrades put in (if any), etc. Don’t let the price deter you from taking a look. Your realtor will assist you in negotiating the cost down if it comes to that.
Misconception: Spring is the best time to sell a home.
Traditionally, homeowners choose the spring and summer to sell or buy a new home before to get settled before the school year begins. Not all buyers or sellers are families with children, though. There are people in need of homes all throughout the year because of a variety of different circumstances. The best time shouldn’t be determined by the season, but rather whether inventory is low