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Common Home-Buying Myths

As exciting as buying a new home can be, there are some things for which you must be careful. Even the best of us get bad advice, and following bad advice when it comes to purchasing a new home can land you in a heap of trouble. Over the years, homebuyers have created their various how-to lists and tips and tricks to pass on to other people shopping for a home to purchase. While some tips are undoubtedly helpful, many of these tips can be wrong for your situation, or outdated. Knowing what’s best for you and any loved ones living with you can be a challenge. Protect yourself, your loved ones, and your financial future by avoiding some common myths of home-buying.

Myth 1: You Must Have Perfect Credit

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Don’t take this to mean that your credit score doesn’t matter – it absolutely does. The higher your credit score, the easier it will be to find a lender who will work with you, and the better your rates will be. However, your credit doesn’t have to be a jaw-dropping 850, either. The minimum score with which most lenders will work is 580, which opens the door to homeownership for many more people than the restrictive high scores. 

Buying a home with less-than-perfect credit happens everyday, and you’re far from the only party whose credit has been subject to scrutiny. If your credit score falls below the typical minimum score, there are plenty of available options to help you save money, and rebuild credit. If you can’t find a local person to help you, a quick Google search for available credit agencies in your area will help you. 

Myth 2: You Should Only Consider Single-Family Homes

While this isn’t the most pervasive of all the myths, it is strong enough to merit clarification and correction. Since the 1950s, the single-family home with a white picket fence has been a cornerstone of the American dream. At that time, this defined homeownership, and everyone learned that owning a home was the best way to build wealth and create a nest egg. While single-family homes are great for most, there are other options that deserve consideration. The truth is that purchasing a home is purchasing a space that you will own. While your new home could be a single-family home, it could also be a condominium, a loft, a studio, or a number of other possibilities. If a single-family home isn’t right for you, there is no obligation to buy one. A local real estate agent can help you find a space that’s a great fit. 

Myth 3: You Should Only Consider Turnkey Properties 

If you don’t already know, a turnkey property is a home that was built to be move-in ready, updated, and without the need for any repairs, or major renovations, except for what would make you more comfortable. Turnkey properties are highly desirable, and tend to run at the high end of the price spectrum. However, we have listed this as one of the home buying myths because if you can’t afford the mortgage on a turnkey home and still be able to save monthly, you can consider a home that could use a little love. Updating a home may cost less than you think. After your updates are complete, you can look forward to enjoying your new chapter in a custom home. 

Myth 4: Hiring a Real Estate Agent is a Waste of Money

It’s easy to write off hiring a real estate agent as an unnecessary expense, but don’t forget that while shopping for a new home can be exciting, it can also be tedious and time-consuming. That’s why this is one of the more common myths. Hiring an experienced, local real estate agent will save you most of the trouble of hunting down a home that’s within your budget, scheduling a time to see them, and then facing the mountain of paperwork that inevitably comes when a home changes ownership. If you’re ready to sell your home, a real estate agent will also be your best bet: agent-represented homes can net tens of thousands more, on average, than For Sale by Owner Homes. 

Myth 5: You Don’t Need an Inspection for a New Home

Never, ever skip your home inspection. This is one of the myths that can be really detrimental to your finances. Even if you have absolute confidence in the seller and the integrity of the home, you could still easily shoot yourself in the foot by letting an inspection slip by. Home inspections typically focus on every component of the home – the walls, foundation, electrical, plumbing, and HVAC systems, as well as the roof, and windows and doors. 

Make sure that you also ask your home inspector about insect activity, the septic system, and other things on which you think that your home inspector may be able to advise. The home seller should also be present during the inspection. Some things that may seem wrong about the home may have plausible explanations. For things that need work, sellers are usually good about negotiating the price of the home with consideration for the cost of repairs. This is also a great opportunity for your real estate agent to step in, and help you with the negotiations if you do fall in love with a home that needs some work done to be right for you. 

Myth 6: You Should Buy the Most Expensive Home that You Can Afford

Only a few people want a mediocre home in which to spend the rest of their lives. Going over the top, though, can easily happen if you don’t keep a strong, realistic perspective about what you can comfortably afford. While you may think that you’ll be happier with the biggest house on the block, your wallet will be less happy. If you have a change in circumstances, you may not be able to afford your mortgage, and all of these possibilities behoove you to stay within or below your budget for a new home.  

Even if the most expensive home is your dream home, buying at the top of or above your budget will strain your monthly finances and put you at a huge risk of foreclosure. If you don’t want to lose your home, the quintessential advice is to be smart about the way that you manage your money, and the home that you choose. 

Protect yourself and your future by not falling prey to these 6 myths of home buying.

Ricki Irwin
Ricki Irwin
00:06 24 May 19
This was so easy Casey was very helpful and kept in contact through the entire process thank you again for everything. Highly recommend this company.
Lela Leedham
Lela Leedham
03:08 22 Feb 19
Great experience working with Casey and Ryan. We would recommend them anytime. They are very knowledgeable and very professional.
Emily Binder
Emily Binder
21:16 18 Feb 19
Jennifer Gibbs
Jennifer Gibbs
19:58 18 Feb 19
A very impressive operation. Very professional and knowledgeable. They follow up when they say they will. Very helpful Team. If you're looking for a fast and fair cash offer on your home, these are the guys to call!
Mario Elizondo
Mario Elizondo
19:58 18 Feb 19
Very professional and a pleasure to work with.
Danny O'Bannon
Danny O'Bannon
19:53 18 Feb 19
I called 5 different companies from google trying to find a company that would pay the most for my rental and their offer was higher than the others. Extremely streamlined process. Easiest transaction I’ve done
Ross Greene
Ross Greene
18:04 17 Feb 19
Ryan & Casey were great to work with! Absolute pro's in the business. I would definitely recommend them. If only I could give them more than 5 stars. Hope to work with them again soon! Thanks guys!
Pam Dickerson
Pam Dickerson
23:53 15 Feb 19
Excellent customer service! Helped us through the entire process. Highly recommend!
steve Balsacker
steve Balsacker
19:35 14 Feb 19
Me and my wife had gone through a divorce and we wanted a quick way to get rid of our property so we could just move on with our lives, Thankfully Ryan came in and helped us out, I didn't have the time to deal with the headache of people coming in and out as well as all the repairs that were needed. He gave me top dollar for my home and I was out in 7 days!
jason almeida
jason almeida
16:52 14 Feb 19
We have seen their signs around town and thought it was a scam, we decided to give them a call and I couldn't have been happier with our experience. They were professional and knowledgable, they paid for all closing costs and even helped with our family move. Great guys and great company! Thanks again!
Peter Floratos
Peter Floratos
04:51 14 Feb 19
This team handles their business right. They are a pleasure to work with.
Tyler Hubbs
Tyler Hubbs
04:38 14 Feb 19
Ryan and Casey treated me with patience and respect during the whole transaction! Very trustworthy and explained each and every question I had!! I would highly recommend We Buy Any Vegas House!!
Dennis Ripley
Dennis Ripley
03:55 14 Feb 19
Very professional and very knowledgeable from start to finish. They went above and beyond to help me find what I was looking for. I would definitely recommend them.
Avraham Metal
Avraham Metal
01:58 14 Feb 19
As a Real Estate Agent I have sold properties to Casey and his Team. They are men of their word and have never let me down.
Dena Shapiro
Dena Shapiro
01:29 14 Feb 19
What an AWESOME experience!! Casey and Ryan are THE BOMB!! They either answer their phone ALWAYS or respond within minutes. They originally called to see if I wanted to sell but I wasn't interested in selling. However, my neighbor had to sell immediately so I referred them to her, she accepted their offer & they closed escrow within weeks. It would've been A LOT sooner but there were delaying issues on the seller side. Anyways, they got it closed & EVERYONE is happy!! Thank you so much Casey & Ryan :). YOU'RE THE BEST!!!
Ron Lorenzo Woods
Ron Lorenzo Woods
00:51 14 Feb 19
Great team with quick and professional service!
karina giraldo
karina giraldo
00:36 14 Feb 19
Knowledgeable, fair, and professional. I loved working with Casey. I did my research before selecting a company, and I’m so happy I went with them!
Cody Raynoha
Cody Raynoha
00:27 14 Feb 19
Casey runs a great company that's honest, easy to deal with, and is always fair. I'd absolutely work with him again!
Whitney Carter
Whitney Carter
21:42 08 Feb 19
Grateful to have worked with such a great company! Long story, short they really did help me through a tough time. No need to get into details, but this company really knows what they are doing. Thank you for all of your help with my home. Highly HIGHLY recommend!
Alan Giblin
Alan Giblin
23:01 07 Feb 19
I was shocked when I heard that We Buy Any Vegas House could sell my house so fast without any fees or charges at all. Thanks again guys!
Crosbey Proffitt
Crosbey Proffitt
22:48 07 Feb 19
I started off using a realtor thinking that I would be able to sell my home fast, but that wasn’t the case. I ended up reaching out to different companies and I ended up finding We Buy Any Vegas House. They were on it the second I reached out to them and were able to sell my home fast!
Investors
Investors
18:59 07 Feb 19
I have been in Real Estate for many years, it’s so refreshing to meet such professional, kind people to work with. We Buy Any Vegas House has great employees who are responsive and get things done quick. You can tell they have a true passion for what they do. If you are looking to work with a great team and you want to sell your house quick, I highly recommend this group!
Scott Henry
Scott Henry
18:53 07 Feb 19
We Buy Any Vegas House truly is one of the most reliable companies I have worked with. You can really tell that Casey and Ryan really care about what they do and really want to make you feel comfortable in the process. Thank you for all your guys help!
Ashlyn Mazur
Ashlyn Mazur
21:26 02 Nov 18
Most professional real estate company I've ever worked with! Would for sure recommend them!
Ashley Thompson
Ashley Thompson
18:59 02 Nov 18
I called 3 different companies and Casey was the most responsive. His offer was higher than the other ones as well. I really liked that they were a local company and everyone who helped me in the process was great to work with!
Katrine Baker
Katrine Baker
18:39 02 Nov 18
My mom and I had to move out of our house pretty quickly due to her martial differences. They were honest and extremely professional during the process and we are forever grateful to have worked with such a great company! Highly recommend!
Gregory Mitchell
Gregory Mitchell
00:26 01 Nov 18
Unfortunately, I never thought I would see myself having to get rid of my home, especially in a fast time frame. However, life happens, and I needed to sell my home quickly due to a death in the family. I reached out to 4 companies in Las Vegas, and We Buy Any Vegas House not only was the most efficient, but the friendliest, most reasonable, and compassionate. The other 3 companies did not even compare. Casey and Ryan have gone above and beyond to make sure that this worked for me. They truly care about you, which means a lot especially during a tough time. They put in the effort to care about the client first, as well as my family during this tough time. I am so grateful to have found them, and to top it off, they bought my house and put cash in my pocket in 7 days. Would recommend to all! Use this company, you can't go wrong! Thanks to Casey, Ryan and John!
Samantha Bonneville
Samantha Bonneville
00:23 01 Nov 18
We buy any houses is one of the most honest companies I have worked with. They are always upfront with issues of the houses, honest with fees And closings. We have not had a bad experience after 10+ Transactions
Alyssa Trent
Alyssa Trent
23:08 31 Oct 18
I worked with them to help my Mom sell her house and they were so amazing!! They explained to us exactly how everything worked step by step. I called them on a Monday and they got us cash by Thursday. Casey is such a genuine person.
Robert Johnson
Robert Johnson
22:10 31 Oct 18
After a tenant trashed my rental property, I was faced with the decision of remodeling or selling the property in its current state. I called Casey and he walked me through the entire process, start to finish. After factoring in the amount of time and money the remodel would take, it was clear that selling to them was the best decision for me. Within a week of my first contact with Casey and his team, we closed on the property and I had cash in hand. I'll definitely be reaching out to them in the future. THANKS!!!
Corey Trent
Corey Trent
02:33 31 Oct 18
I reached out to Casey and Ryan when I needed to sell my house. They were very professional and helped me through this tough time. They were able to buy my house and close fast. What a great team they are! I would recommend them to anyone. Thanks again!
John Washington
John Washington
02:24 31 Oct 18
As a very skeptical person I always believe that my best interest is not priority when dealing with people that want my business. I cannot name the countless times that I have been burned. After looking to sell my house for a cash offer, I was called by a lot of investors, most of which had very little customer service. Several didn't return call when they said they would and then when they finally called me back, they got anger when I decided not to use their Services. From day one Ryan not only treated me like is #1 customer but also treated my whole family like long time friends. I most also state that his offer wasn't even the highest. I took the lower off with him due to the fact that he help with crucial tax situations that I needed taken care before receiving them money so it wouldn't bit me in the butt later. He answered every call before and after the process was completed. 99% of others wouldn't have even answered a text once they got the money. Could I have made a couple of thousand dollars more with someone else? Sure, but the peace of mind in knowing that it was done the right way by someone who actually was professional and care was more than worth it. Ryan has made a customer and friend for life.
Green Girl
Green Girl
00:00 31 Oct 18
I was in a really tough spot because my Husband was in the Hospital and had passed away. I was completely unready for this and had discovered that there would be considerable expenses!  I had received several letters from companies interested in the property on an "as is" basis.  Most had never got back to me after I called them or were too low of offers.  I put an inquiry in their website and was immediately contacted by the Owner who was able to come the very next day!  The entire process was easy and professional.  Thank you We Buy Any Vegas House!
Mike
Mike
23:37 30 Oct 18
Casey and Ryan were so helpful! I was was a week from being Foreclosed and they were able to get me cash in my account in 5 days! And even let me rent back until I was able to find a new home!
Karl Workman
Karl Workman
21:03 30 Oct 18
This company was not only the most professional real estate company i've dealt with, but they're the most reliable and respond quicker than most companies i've ever dealt with. They were fast, professional, and knowledgable in all aspects of our deal. Would and plan to recommend them to all of my friends and family! 10/10.
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