8 Common and Costly Homebuying Myths

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8 myths about home buying, debunked. Share.. Here are 8 common myths, demystified. If your offer has been accepted, the house is yours. Problems with my new house are at the previous owner’s cost Once you’ve gone unconditional, the house and any problems with it are pretty much yours..

Home Buying Myth #3 – The only upfront cost is a down payment. This is one of the most dangerous of all the home buying myths. The costs of purchasing a home should be covered by both your agent and your mortgage lender, but sometimes the hidden fees get glossed over.

Add to that the constant stream of TV shows, news segments, and social media posts that over-simplify the home buying process for easy entertainment. With so much information to sift through, it can be tough to distinguish fact from fiction. That’s why we’re revealing the truth behind some of the most common home buyer myths and misconceptions.

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Watch the video of ‘8 Common and Costly Homebuying Myths’ on MoneyTalksNews.com. 4. Your only ongoing cost is the mortgage payment. When calculating homeownership costs, buyers may assume that.

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The book also walks home shoppers through the process of what to expect when they’ve made a decision to take the home ownership plunge, dispels common myths, and offers a. the complex process of.

The following are the nine most unproductive assumptions, myths, and platitudes I’ve been hearing in the. that we can use and model for our children: empathy. It doesn’t cost anything, and you.

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8 Common and Costly Homebuying Myths Don’t get trapped. Why Debt Collectors May Soon Be Able to Text You And email you. Filed Under: Liz’s Blog Tagged With: 401(k), banking data, credit boost, Credit Score, debt collectors, homebuying myths, real estate, retirement savings.

The Top 5 Home Buying Myths.. We have compiled a list of five of the most common myths and concerns for first-time home buyers. Myth 1: It’s just cheaper to rent.. one-time costs and proceeds; and net present value to account for opportunity cost of money. Not only this, but a home will.

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