Common Misconceptions About Buying a Home

by Naomi McClure 10/29/2019

Believe it or not, the process of buying a home can become long and complicated. And if you're not careful, you may encounter many hurdles that prevent you from acquiring your dream residence.

Lucky for you, we're here to teach you about the ins and outs of buying a house and help you simplify the process of going from homebuyer to homeowner.

Now, let's take a look at three common misconceptions associated with buying a home.

1. You will be able to acquire a house in a matter of days.

The process of locating your dream home is unlikely to happen overnight. Instead, a homebuyer usually will need to perform extensive housing market research to discover a residence that meets or exceeds his or her expectations.

Typically, a homebuyer will look at several houses before he or she can find the right residence. This homebuyer then will need to submit an offer on a house. And if a home seller accepts the homebuyer's proposal, a home inspection will need to be completed before a home purchase is finalized.

It is important to set realistic expectations for your home search. In most instances, it may take a few weeks or months to find your perfect residence. But with a diligent approach to your home search, you'll be able to discover a house that can serve you well for years to come.

2. You will be able to buy a home for less than a property's initial asking price.

Understanding the differences between a buyer's market and a seller's market is essential for a homebuyer.

In a buyer's market, many high-quality residences are available. This market usually favors homebuyers, and in many instances, enables property buyers to secure great houses at budget-friendly prices.

On the other hand, a seller's market features a shortage of first-rate properties. As a result, this market favors home sellers, and many homebuyers may compete with one another to secure the best houses.

Regardless of whether you're operating in a buyer's or seller's market, it is paramount to avoid the temptation to submit a "lowball" offer on a residence. By doing so, a homebuyer can minimize the risk of missing out on an opportunity to acquire his or her perfect residence.

3. You can find your dream home without help from a real estate agent.

When it comes to buying a house, the early bird catches the worm. Therefore, an informed, persistent homebuyer is more likely than others to locate a terrific home at an affordable price.

Ultimately, working with a real estate agent is ideal. With a real estate agent at your side, you can receive expert assistance throughout the homebuying journey.

A real estate agent will set up home showings, keep you up to date about new houses as they become available and much more. He or she also will respond to your homebuying questions and ensure you can acquire a stellar home in no time at all.

Take the guesswork out of buying a house – collaborate with a real estate agent, and you can make your homeownership dreams come true.

About the Author
Author

Naomi McClure

Hello!

I’m excited to tell you a little about myself.  I am a wife, mother of 4 and grandmother of 11! I grew up on the East Coast and have lived in the San Fernando Valley and the Santa Clarita Valley for the last 27 years and I’m proud to call this area home!

I have worked for 25 years in television production and have had the opportunity to meet many wonderful people.  That career gave me the financial ability to buy and sell many properties on a personal level, both as homes and as investments. I have gone through the real estate transaction process many times and I know firsthand that it can be daunting. But I believe every person or family should have the chance to have a home where they can feel safe, secure, loved and comfortable. It is my goal to guide you through the buying or selling process smoothly and confidently. For you, having an agent who cares and is passionate about helping people makes all the difference.

I strive to live my life with honesty, integrity, knowledge, and courage. My faith teaches me that we are all equals, regardless of our personal situations. Combining those factors means it’s my job to give you the best service possible while treating you with the utmost respect, attention, and courtesy.

Our lives are wonderful, interesting, surprising journeys. Sometimes they are joyful; other times we face challenges we never could have expected. In my opinion, no matter where life leads us, the best journey takes us home.

I would be honored to be a part of your journey!