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Real Estate Myths Busted!

April 2, 2009

Five Biggest Real Estate Myths

The Today Show recently featured Barbara Corcoran discussing the Five Biggest Real Estate Myths.   This is something that I think both Buyers and Sellers need to watch. I am always asked “Is this a good time to sell?” or “Should I purchase a home in WNY now?”   Those are loaded questions folks.   You cannot answer them generally.   Each situation is unique, your goals and needs are part of the reason it is either a good or bad time to buy.   But there are signs that now is a good time to purchase in our area.

Read AlsoAnd exactly why are you sitting on the fence about purchasing a Buffalo home?

It is helpful to understand these myths and how they may apply to your situation. These myths are:

  1. Sellers are desperate
  2. Don’t buy before prices have bottomed
  3. You can’t buy a home unless you have 20% down
  4. Now is the absolute worst time to sell
  5. Before you refinance, shop around

To see more on the subject visit the Today Show’s Real Estate Myths.

Read the rest of this entry »

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