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Myths About Home Buying Process

Linnemannrealty
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Myths About Home Buying Process

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  1. Myths About Home Buying Process Buying a home involves numerous steps.  Here are few common misconceptions about  various stages of the homebuying process: Myth: Borrower hires the appraiser. Fact: Although borrowers pay for the process; an appraiser is hired by mortgage lender. Myth: The appraisers set the sale price. Fact: They just create a credible statistic depending upon the prevailing market trends. Myth: Money spent on home improvement will add exact dollar value to property.   Fact: Value added is equal to what market is ready to pay for these improvements.  Myth: The role of an appraiser & inspector is same. Fact: An inspector provides visual examination whereas, an appraiser analyzes the value of property. Myth: An appraisal is only based on square footage of the home. Fact: Number of factors such as location, age, condition of property, etc. are considered for appraisal. www.linnemannrealty.com Linnemann Realty 3402 South W.S. Young Dr. Killeen, TX 76542 Phone : (254) 628 - 9272

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