Buyer Myths | Oahu, Hawaii

With so much information available about buying
residential real estate, I’m surprised that I keep hearing some of the same misinformation
over and over again. Hi, I’m Fawn Bertram with Home by Fawn and
Hawaii Life. I’m going to to share with you the top three
myths about buying residential real estate. Myth #1, I need 20% down to buy a home. Here’s the deal, there are loan programs available
from 0 down. Most FHA loans require only 3.5% to 4% and
conventional loans as little as 3 – 5%. 20%down is great if you can do it but if you
can’t, that does not mean you can’t buy a home right now. Myth #2, I’ll never qualify to buy a home. The question is, how do you know? People are often shocked they can qualify
to buy a home now. You don’t need to have 800 as your credit
score to qualify for a home mortgage. Waiting only increases the cost of home ownership. Speak to a lender to get clarity and who will
find the best program for you. And if you can’t qualify, they can help you
create a plan to do so in the shortest amount of time. I’m happy to make a recommendation to a few
good lenders if you need it. Myth #3, all agents are the same. This could not be further from the truth. As in every professional organization, there
are those who are committed to excellence and devote time and energy to being highly
skilled problem solvers and true professionals. Others, simple do the minimum to get by. Working with a full time agent with an extensive
marketing plan and strong negotiation skills will ultimately put more money in your pocket
in less time. I’m Fawn Bertram with Homes by Fawn. Make it a great home buying and selling day.

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