Real Estate Myth #1:  You Should Not Buy A Home Until The Market Bottoms

No one can call the bottom of the market.  Once you "know" the market has bottomed, guess what?  It has already started to move up, and you have missed it.

Real Estate Myth #2:  The Longer A House Is On The Market, The More A Home Buyer Can Negotiate On It.

In Dallas, homes average 160 days of marketing time.  A home seller who has been on the market longer than that may just be holding out for their price.

Real Estate Myth #3:  You Must Be Able To Put 20% Down To Buy A House

Wrong.  With the new and improved FHA home mortgage loan program, you can put down as little as 3% AND you can ask the seller for assistance with closing costs.

Real Estate Myth #4:  A Home Buyer's Credit Needs To Be Perfect

Not true.  Once again, the new and improved FHA is to the rescue.  They often lend money to those with less than perfect credit.

Real Estate Myth #5:  All Of The Home Sellers Today Are Desperate

Not so.  It is true that many sellers are motivated, but there is a limit to their motivation.  Stop watching infomercials and get your real estate advice from someone who is in the trenches of real estate everyday.  The media is in the business of selling ad space, not accurately disseminating information.