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    THREE BUYER MYTHS YOU NEED TO KNOW | THE SARVER GROUP

    THREE BUYER MYTHS YOU NEED TO KNOW

    -YOU HAVE TO PUT 20% DOWN TO PURCHASE A HOME:
    • Putting a minimum of 20% down on a house does have some financial
    benefits but it isn’t required.
    • There are several options when it comes to financing your home so you’ll
    want to meet with a lender to discuss your options.
    • There are loans that require as little as 3% down as well as resources for
    buyers struggling with money for a down payment. Our #1 Tip is do not
    get pre-approved from an online lender. Find someone LOCAL who you
    can actually sit down with so you make the best decision for your
    financial future.

    IT DOESN’T MATTER IF I DON’T HAVE A REAL ESTATE AGENT
    • Some buyers prefer not to commit to working with one specific agent and
    therefore they don’t take advantage of hiring a buyer’s agent to help them
    with their home purchase.
    • This means they’re on their own for scheduling showings, being alerted of
    new listings and when it comes time to negotiations, they won’t have
    anyone working in their best interest.
    • This combination can prevent you from getting an Accepted Offer on the
    house you really love because you haven’t been educated on the market
    or how quickly you need to make a move. It could also result in you losing
    money or overspending because you don’t have anyone negotiating on
    your behalf.
    • If you decided not to work with a Real Estate Agent to represent you, the
    listing agent (who works for the sellers) will be the one writing your offer
    and handling both sides of the transaction.

    -WAIT UNTIL SPRING TO START LOOKING FOR HOMES
    • As Real Estate Agents, we hear this all the time but we want to share why
    starting your home search before Spring isn’t a bad idea.
    • There is less competition when you’re not in the prime months for buying
    and selling real estate. Buying in the “off season” could save you money
    because there are less buyers out there which means less potential
    competition when writing an offer.

    We hope you find this information helpful and please reach out to us for your real estate needs – The Sarver Group | 704-626-7007

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