Monthly Archives: April 2011

Homebuying Myth #6: The Value of Your Home Will Increase

Posted on April 26, 2011 by Amy Shair

Homebuying Myth #6: The Value of Your Home Will Increase I want to quote exactly what AnnaLisa wrote because I think it is very appropriate. “If we learned anything from the housing crisis, it is that homes are not cash cows. Unless you are an experienced investor or home flipper, don’t expect that $200,000 condo to be worth $300,000 in two years.” Continue reading →

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Homebuying Myth #5: You Offered Too Much

Posted on April 21, 2011 by Amy Shair

Buyer’s Remorse: I love this myth! And it is completely a myth. It’s pure buyer’s remorse. You feel like you left money on the table if the sellers accepted your initial offer and then you go back thinking, “Well, maybe I should have offered less…then maybe the sellers would have accepted less. Continue reading →

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Myth #4 – You Should Buy as Much House as You Can Get

Posted on April 19, 2011 by Amy Shair

Myth #4 is “you should buy as much house as you can get.” That is obviously a myth. You never should max out your home budget. You do not want to put yourself in that position where you do not have a backup plan, and you have no extra money at the end of the month to get by. There are 3 things that I want to point out that are important as you calculate how much house you should buy. Continue reading →

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Homebuying Myth #3 – The Listing Information is Always Accurate

Posted on April 15, 2011 by Amy Shair

I do not know why people think that is true. The listing information is deemed reliable, but not guaranteed; and what that means is that the person who inputted the information or wherever it was uploaded from made their best efforts to put accurate information into the system. There is a lot of room for error on many online sites, whether it be a search site or a site that is giving you data about home sales. Continue reading →

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