When you are planning to buy a home, friends and family members may be eager to deliver lots of advice based on their experience. but all those bits of advice may not work in recent times. Here we have discussed some outdated advice that you should ignore.
One of the most well-known pieces of advice is “wait till summer to buy a home”. Summer is the most popular season to move. The temperature is warm and school is on break, many people like to shift in this season. So, it is advised that “wait until summer” which is outdated advice indeed. Because though it is suitable to move in summer, the competition is also very high. You have less scope to negotiate.
Another common outdated advice is “save 20% for the down payment”. In fact, it becomes one of the gold standards while buying a home. But you can actually pay less than that. Always remember that there is no one-size-fits-all rule while buying your home. You always need to consult with your real estate agent or financial advisor to know more about available down payment options.
So, try to ignore these outdated bits of home buying advice. Because by following this advice, you can stop your chances of availing your dream home.