Here are some common misconceptions when purchasing a home. 

•  We can find a loan AFTER we find a house.
  • The first step in the home buying process is to get pre-qualified so you know how much you can afford. A letter from the lender should be submitted with any offer.  
• We get a better price if we work directly with the listing agent.
  • By definition, listing agents represent the sellers’ interests. Not yours. A buyer’s agent’s duty is to help you through the whole transaction.
• Zillow’s “Zestimates” are an accurate estimate of market value.
  • Zillow uses an automated system to compute values of homes. It can’t take into account many other factors such as superior workmanship, recent upgrades or even major structural issues.
• The lower we offer the more the seller will come off their asking price.
  • In this very competitive market, low offers will most likely be ignored or rejected by sellers. Buyers are competing with other buyers for homes. Properties are selling at or over their asking price in most cases.
• You need a 20% down payment.
  • There are many loan programs available with financing up to 90-95%. If you qualify for an FHA loan, you only need 3.5%.

As an accredited buyer’s representative, I can help you successfully navigate the home-buying process. If you want to achieve your home ownership goals, give me a call. 603-526-4116; www.DonnaForest.com; Donna @DonnaForest.com

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