5 Worst Pieces of Advice for Buying a Home

If you are considering buying a home, you’ve probably suffered from a bit of information overload. We read a lot of stories about home buying. The good news is you have countless resources at your fingertips. The bad news? There’s also some not so great advice out there that can make you feel like throwing in the towel.

Here’s some home buying advice you can bypass: keep reading

Are You Making These Classic Homebuyer Mistakes?

It’s true you often learn from your mistakes, but what if you could avoid as many as possible? Buying a home will likely be your biggest financial purchase in your lifetime so it’s important to get it right.

Even though you may start your home search online, more than 90 percent of you will end up using a real estate agent to help you navigate your purchase. Inman News polled its agent readers about homebuyer mistakes they see buyers make.

What are the biggest homebuyer mistakes?

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7 Things All Homebuyers Should Know About Homeownership

Do you feel overwhelmed with the process of home buying? You’re not alone. Homebuyer surveys find that more people today want to buy a home, but challenges such as saving for a down payment and student loans are keeping them sidelined.

We know the vast majority of buyers (92 percent) use online search at some point in their home buying process. Maybe that’s how you found us at Down Payment Resource!

But, before you start picking out your dream house online, take a minute to make sure you grasp these 7 key facts about homeownership.

1. Go back to school (for a day). We know you probably just Goggled “how to buy a home,” but did you know there are homeownership education courses that can really help you prepare? Homebuyer counseling is typically required when using a down payment assistance program, but any buyer can benefit. You’ll learn about the home buying process, improving your credit, mortgage terms, planning a budget and more. Plus, a new study finds that by simply participating in these in person or online courses, you’ll reduce your risk of foreclosure by 42 percent.

2. Get an agent. If you aren’t yet a homebuyer, there’s no reason not to have a real estate agent. keep reading