Jodie Collins & the QBee Team
A Texas Realtor for Keller Williams Professionals in NW Houston
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Welcome to our Real Estate Myth vs. Truth, our version of Real Estate FAQ’s or Real Estate frequently asked questions. This list is compiled from various questions Real Estate questions and concerns for purchasing, selling, or leasing a residential house.
Myth: When purchasing a new construction home, you can’t use a Realtor
Truth: This simple isn’t true. Just as is the case when leasing a home, a Realtor is your advocate. Someone who can help that is in your corner. A Realtor can assist through the entire process; this includes asking questions that you may think of or even be aware to ask. The best part is that they are paid by the builder, and not out of your pocket.
Myth: Good credit and money in the bank is all you need to qualify quickly for a home mortgage.
Truth: The fact is that it takes, on the average, up to 30 days or more from the time you start the process until you’re fully qualified and approved. This is, of course, as long as everything checks out without any issues. Since the restrictions and laws around home mortgages are changing every day, good credit and money in the bank doesn’t always mean a quick approval. There may still be several hoops and hurdles to jump through in order to qualify. For more information on the new requirements, please see a qualified mortgage broker.
Myth: Since most home values are not what they were 2-5 years ago, now is not a good time to sell and buy and new home.
Truth: Most home values are lower than 5 years ago, or even two or three years ago. Granted, this depends on several factors a few of which are:
Myth: The holiday season isn’t a good time to sell your home.
Truth: This Holiday Season is still a great time to sell your home. Here are just a few reasons why.
Myth: You don't need a Realtor and can use a Real Estate attorney when purchasing or selling a home?
Truth: Real Estate attorneys have their place, and for some transactions, this might be true. However, here are some reasons that an attorney is probably not going to be right for you when purchasing or selling a home:
A Real Estate attorney is only going to draw up and file the needed paperwork to fulfill the transaction.
As you can, buying or selling a home is complicated. In either case, you need someone who is on your side and in your corner giving you the advice and recommendations that are best for you and your family, and the current situation.