(Note: there used to be a video attached to this post, unfortunately it completely messed up my right sidebar, so the video is now gone)
This Today Show video talks about 5 of the biggest current real estate myths.
5 Biggest Real Estate Myths:
- Sellers are desperate. All sellers are not desperate. The seller who is moving to Wausau for a new job is desperate… Not necessarily the seller up your block who only wants to move across the river to a larger home.
- Don’t buy before prices have bottomed out. Okay… My rebuttal to anyone who believes this: Can you tell me when to invest heavily in the stock market again? You can’t. Only looking back can you see when we hit rock bottom… Barbara Corcoran stated that “when the housing market turns around, it turns around quickly.” Just like the stock market.
- You can’t buy a home with less than a 20% down payment. Actually it really is possible with as little as 3.5% for your down payment. On an $85,000 home that comes out to less than $3000 for your down payment.
- Now is the absolute worst time to buy. It comes down to the most used quote in real estate: location, location, location. Real estate is local not national. You can follow our market here.
- Before you refinance, shop around. She states that you will probably find your best deal with your current lender. Why? They will often waive many fees associated with a refinance because you’ve been doing business with them.
Of course, we can all talk until we’re blue in the face. It still comes down to how you feel. Are you comfortable with buying a home? Selling your home?
And when enough of you decide to buy or sell your Wisconsin Rapids home, all of a sudden we all start to feel better…
Ms. Corcoran states that now is the best time to buy your ‘move up home.’ If this is you, contact me and we’ll start the process today.
What next?
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PHONE: (715) 572-8372
My name is Adam Holberg and I’m a Realtor with First Weber of Wisconsin Rapids. This website is designed to inform and help bring conversation to a topic I love, real estate.