Slaying Myths About Buying A Home – Many potential first-time home buyers believe that they have to have a ‘perfect’ credit score and 15-20% for a down payment. Arming yourself with information about what is really going on in the housing market will ensure you become the “King or Queen of Your Castle.”
![Slaying the Largest Homebuying Myths Today [INFOGRAPHIC]](https://www.thepeak.com/wp-content/uploads/2019/04/Slaying-Myths-ENG-MEM.jpg "Slaying Today's Financial Homebuying Myths [INFOGRAPHIC] 1")
Some Highlights:
- The average down payment for first-time homebuyers is only 6%!
- Mortgage interest rates have been on the decline since November! Hop in now to lock in a low rate!
- 88% of property managers raised their rents in the last 12 months!
- The average credit score on approved loans continues to fall across many loan types!
Start Your Home Search:
Are you ready to start searching for your Denver area home? It’s a great time, we have more inventory than we did the past few years. I encourage you to explore homes currently on the market to get a feel for the types of homes, locations, and price points. My Denver real estate blog has loads of useful information for home buyers trying to figure out what they want to do. And of course, please call me, or send me an email / text, to discuss your next home and the buying process.
Also, if you are considering new construction, remember the builder’s real estate agent represents their best interest, not yours. There is no cost for you to have an agent represent you. In fact, I may be able to help you save money and negotiate for extras which the builder may not let you know about.
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Considering Selling Your Home?
If you are looking to sell your home in the Denver area, I encourage you to work with a real estate agent who has the experience and knowledge to provide an accurate market comparison so you can determine the right asking price. The market is more balanced now and your asking price is an important component of your selling strategy. Contact me today to learn how your home stacks up against the competition and how we can position your property to sell quickly and for a fair price.
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