Myth: You should find your home before getting reapproved. Truth: The first step of the process is to get reapproved so you know your budget and can act quickly when ready to make an offer. A preapproval also makes your offer stronger to sellers. Myth: Start with your lowest offer when buying a home. Truth: You may only get one chance to submit an offer in. acompetiove market. If there are other offers on the table, your offer may get rejected immeiately with no chance to negotiate. Myth: If selling, price your house on the high side. Truth: In reality, homes that are priced competitively will sell faster and are more likely to attract multiple offers, giving you more room to negotiate. Myth: You should renovate your home before selling so you net more. Truth: Make sure to talke to your trusted real estate agent before renovating everything. Some renovation may be necessary, but not all of them, especially since there are so many buyers looking for a home. Myth: Skipping the home inspection is fine if there are no visible issues. Truth: You should always have a home inspection done. There could be hidden problems that would cost you down the line. COMMON REAL ESTATE MISCONCEPTIONS IN TODAY'S MARKET
Shawn Hunt Senior Vice President, Branch Manager NMLS ID# 1098459 Branch NMLS# 2443130 shunt@cmghomeloans.com
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