Busting Home Buying Myths

Just like in every other part of our lives, every person involved in a real estate transaction is bringing their own experiences—and preconceived notions—to the table. A huge part of my job as a real estate agent is helping people sort the facts from the fiction, especially when it comes to new buyers!

This is incredibly personal to me, because it wasn't until my work in real estate that I realized I had fallen prey to some of these home buying myths. That’s years of equity I don’t have that could have put me in an even more financially secure position. Since becoming an agent, I have grown incredibly passionate about educating new home buyers so they can see through the bullshit.

All of these myths keep people from believing that home ownership is within reach, and I’m going to spend my next few blog posts deconstructing this harmful messaging. Buying may not be right for everyone, but it can be a path to financial security for so many, and I’m dedicated to helping anyone qualified to get started!

6 Home Buying Myths: Busted

1. You don’t need 20% down

2. You don’t need outstanding credit

3. PMI can be very manageable

4. You can buy even without a W2 job

5. Residential loans cover 2-4 unit properties

6. Renting may be cheaper than buying