Tuesday, December 10, 2013

Homebuying Myths in Northern Virginia, DC Real Estate

When it comes to house hunting, many homebuyers in Northern Virginia turn to family and friends for advice. However, today's local real estate market is far different than the market 10 or even 5 years ago. It's best to turn to the professionals when it comes to Northern Virginia real estate— they're the ones who can save you time and money when it comes to buying a home this year. The following homebuying myths are just a few that your agent can help you work through:

You Need a Real Estate Agent
This is one of the most common homebuying myths in real estate. Many homebuyers think they can do it all on their own, sans agent. But the truth remains that you need someone on your side, who's done this before, who can navigate the in's and out's of real estate transactions, just for you. Your Northern Virginia real estate agent will guide you every step of the way— after all, this is the biggest purchase you will ever make.

This Is the Only House for Me
When you find your "dream house," you often think you'll never find another that will match up to that property. However, there will always be another property. Just because you think you've found the one, it may come with a higher price tag and a host of problems to be fixed. Stay realistic and no house will ever be "too special" to pass up.

You Have to Have 20 Percent Down
20 percent used to be the common downpayment when buying a home in Alexandria, Arlington, Falls Church, Fairfax City, or McLean, but not today. If you have a stable income, a healthy credit score, but no desire to put up a large down payment, you may still be able to purchase a home. Your agent will be able to drive you through scenarios with mortgages requiring little or no money down.

Don't let these common homebuying myths sway you from buying a home in 2014. The biggest and most important step you can take is finding a real estate agent to navigate you through the process. Ready to start your search for homes in Northern Virginia


I happily serve the areas of Alexandria, Annandale, Arlington, Burke, Centreville, Chantilly, Clifton, Fairfax City, Falls Church, Great Falls, Herndon, Lake Ridge, McLean, Mount Vernon, Reston, Rosslyn, Springfield, Tyson’s Corner and Vienna.

Earle Whitmore


1 comment:

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