08/11/2026
There’s a lot of home buying advice that gets passed down from generation to generation, but some of it simply doesn’t reflect the options buyers have today.
So, let’s clear up a few common myths. 🏡
Myth: You need 20% down.
There are loan programs, down payment assistance options, and opportunities to negotiate seller concessions that may significantly reduce the cash needed upfront.
Myth: You should wait for lower interest rates.
Lower rates can bring more buyers into the market, which can mean more competition. Sometimes buying when demand is lower can give you more negotiating room.
Myth: You have to sell your current home before buying another.
Not necessarily. Depending on your situation, options like bridge loans, home equity lines of credit, and other financing strategies may help you buy before you sell.
Myth: Skipping the inspection helps you win.
An inspection can provide valuable information about the home you’re purchasing. There are other ways to make an offer competitive without giving up important protections.
Myth: Getting pre-approved locks you into one lender.
A pre-approval helps you understand your buying power, but it doesn’t necessarily mean you’re committed to that lender.
The more you understand your options, the better prepared you can be to make decisions that fit your goals.
If you're thinking about making a move, let's start with a conversation. I'd love to learn what's important to you and help you find a home that fits both your needs and the lifestyle you envision.
Debbie Bulkeley, REALTOR®
Willis Allen Real Estate
debbiebulkeley.willisallen.com
