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Common Home-Buying Myths - Busted!

Starfish The Gray Team Ucluelet Real Estate

If you are in the market to buy a Ucluelet home, it's likely that you're going to find that well-meaning people will pull you aside and offer you some advice. After all, these people have been there, done that. Or also, they may have watched a season or two of "House Hunters."

Of course, they are trying to be helpful, but be sure to remember that just because someone has an opinion, it doesn't mean that they are well-informed. But when it comes to buying a house, a dose of friendly advice can quickly lead you down the wrong path.

We want to help you dodge the worst home-buying advice by giving you a heads-up as to why these maxims are home-buying myths.

"Don't buy yet - home prices are going down."

The predictions roll on, as the market continues to sway. There certainly are trends in the real estate industry, and if you are in the market to flip homes, then you would want to take your time to pace out the trends. But if you are looking at buying a home for you and your family, often times the move is more about necessity than reward.

The honest truth is, although our years of experience does tend to mean we REALTORS® have our fingers on the pulse of the real estate market, the market itself can change without warning. So if your time to move is now, and not someday, you can rest assured that it is as good a time as any to start the home buying process. The fluctuations will come and go, and if you surround yourself with the right team of professionals, you can manage the ups and downs with ease.

"You don't need to use a real estate agent"

In a market where nothing is predictable, a real estate agent is indispensable. The years of experience in the real estate market give us an instinct for helping people find the homes they are really seeking. Plus, we have the inside scoop on properties that are becoming available, in which, might be the gem you a looking for.

Thinking that home buying is about simply finding a home you love and paying for it, is a gross understatement. The entire home-buying process also includes a mountain of paperwork, which is best left to the professionals, because small mistakes can mean a big loss in this market. A real estate agent will guide you through the process, negotiate the best possible deal, and help make your move seamless.

"Make a lowball offer and negotiate up from there"

This tactic is not usually well-received by the seller, and can start negotiations off on the wrong foot. It might seem that you want to start small, and negotiate to a higher price, but in this transaction, a serious home buyer or seller would know what a home is worth, and thus making a low-ball offer makes you seem unserious.

"Never pay full price"

There has been some advice going around that says, "only losers pay full price." Well, this opinion is not always the case; when it comes to real estate, it truly depends on the particular situation. If we are in a seller's market, and the house is reasonably priced and well worth the money, then paying full price might be the only way to get it.

There is another situation where paying full price might be of benefit, and that is in the case of multiple-bidders. If after carefully studying the information the REALTOR® provides, and the home has been properly inspected and you are truly feeling at home with this place, then offering asking price right off the bat can sometimes be enough to persuade a home-seller into selling.

"Don't bother hiring a home inspector"

Some people might say that if you know where to look, you don't need to hire a home inspector. These people, in our opinion, aren't necessarily right. Even if you have extensive knowledge about the building and structures of homes, and some rather in-depth plumbing and electrical experience, the home inspection is another aspect of home-buying that you really should leave to the professionals.

Saving a few dollars on home-inspection can cost you loads down the line. Even if there is a home warranty from the seller, we advise you to ignore this myth and have your home checked for safety's sake.

We hope that busting open these myths have helped you get a little more clear on where your home-owning journey can go from here. And as always, if you have any questions about buying a Ucluelet home, feel free to contact us.

Photo by Matt Jones on Unsplash

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