As seen on the Today Show: http://today.msnbc.msn.com/id/26184891/vp/%20Five%20biggest%20real%20estate%20myths#28854109
1. Sellers are Desperate- Find out why they are selling. If it is a relocation, then the sale would need to occur faster than if a seller was simply looking to upgrade to a larger home.
2. You Are Stupid to Buy Before Prices Have Bottomed. It happens fast from bottom to on the way up again, by the time you realize the market has bottomed, it can be too late.
3. You can't buy a home without putting 20% down. You can buy with an FHA loan of 3.5% down.
4. Now is the worst time to sell. It depends on where you live. Places like Phoenix, San Diego and Detroit, that were hit hard early are slowly on the rise. And the number of homes being sold each month is increasing.
5. Before you re-finance, shop around. Chances are you will get the best deal with your current lender.
For more market information and for all that is real estate go to http://www.fntarizona.com/
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