Common Myths About Home Buying Revealed
When it comes to home buying, there are so many myths out there that it has become almost impossible to distinguish between fact and rumor. We want you to be completely in the know when making the purchase of a lifetime, which is why we have debunked some of the most common home buying myths:
- How many people have told you that buying a home is a great investment? In reality, buying a home can be almost as risky as investing in the stock market. When the economy takes a turn for the worst, your investment will suffer.
- People are always saying that buying is better than renting, when in actuality, it is entirely dependent on your financial situation in combination with the current housing market. If the market is too expensive for you, renting is the smarter option.
- While you may be inclined to think that purchasing a fixer upper is a great investment, it is important that you do your research and have an inspector come to the house before you finalize any transactions. Often, fixer uppers can require much more money than they are worth.