Home Buying Myths: Busted!

by Tina Veltri

Buying a home is one of the most significant decisions you’ll make, and it's common to encounter a lot of myths along the way. As a sibling team at Veltri Group of Brevard, we’re here to set the record straight. With our deep roots in Brevard County and extensive experience in the real estate market, we’ve heard it all. Let’s bust some of the most common home buying myths!

Myth 1: You Need a 20% Down Payment

Busted! While a 20% down payment can help you avoid private mortgage insurance (PMI), it’s not a requirement. Many lenders offer loans with much lower down payment options. Programs like FHA loans require as little as 3.5% down, and there are even some programs designed for first-time buyers that may offer zero down payment options.

Myth 2: It’s Cheaper to Rent than to Buy

Busted! While renting can sometimes appear cheaper in the short term, buying a home is an investment in your future. Monthly mortgage payments build equity, which can increase your net worth over time. Plus, owning your home allows you to personalize and improve your property, something renters typically can’t do.

Myth 3: You Must Have Perfect Credit to Buy a Home

Busted! While having a good credit score can help you secure better loan terms, you don’t need perfect credit to buy a home. Many lenders work with buyers who have less-than-perfect credit, offering various loan products tailored to different financial situations. We can help you navigate these options to find the best fit for you.

Myth 4: It’s Not the Right Time to Buy

Busted! The "right time" to buy a home depends on your personal circumstances, not market conditions. Waiting for the "perfect" market can lead to missed opportunities. Interest rates and home prices fluctuate, but with our guidance, we can help you identify the best time to make your move based on your unique situation.

Myth 5: You Don’t Need a Real Estate Agent

Busted! Buying a home is a complex process with many potential pitfalls. Having knowledgeable real estate agents by your side can save you time, money, and stress. As a sibling team at Veltri Group of Brevard, we offer two agents for each customer, ensuring personalized and comprehensive support. We know the Brevard County market inside and out and can help you find the perfect home that meets your needs.

About Veltri Group of Brevard

At Veltri Group of Brevard, we pride ourselves on being a family-oriented, hometown real estate team. As siblings, we bring a unique dynamic and a combined wealth of knowledge to the table. Our deep understanding of Brevard County and our commitment to our clients set us apart. We offer tailored buyer consultations to help you narrow down your search parameters and find homes that meet your must-haves.

Our hands-on approach ensures that we’re with you every step of the way, from initial consultation to closing. Whether you’re a first-time homebuyer or looking to upgrade, our goal is to make the home buying process as smooth and enjoyable as possible.

Let’s Bust Those Myths Together

Ready to start your home buying journey? Don’t let myths hold you back. Contact us at Veltri Group of Brevard, and let’s find your dream home together. With our expertise and personalized approach, you’ll have the support you need to make informed decisions and move forward with confidence.

Reach out to us today, and let's turn your homeownership dreams into reality. We're here to answer your questions, provide expert advice, and guide you every step of the way.

For more buyer tips check out some of our other blogs.

10 Tips for Purchasing Your New Home: Insights from Your Trusted Brevard County Real Estate Team

7 Common Homebuyer Regrets and How to Avoid Them

Why You Want a Buyers Agent Working for You

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