Buying a home can be scary - Myths dispelled!

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Real Estate Agent with www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 228209

Buying a home can be scary - Myths dispelled!

Many potential homebuyers believe that they need a 20% down payment and a 780 FICO® score to qualify to buy a home. These myths often stop many homebuyers from even trying to buy a new home…or buy their first home. 

 

Here are a few facts:

  • The average credit score of approved loans was 727 last month.
  • 72% of buyers who purchased homes this year have put down less than 20%.
  • 76.4% of loan applications were approved last month.

 

Charlotte homebuyer infographic

*Infographic provided by KCM


Don’t let common myths stop you dead in your tracks! Buying now while the rates are still very low. Heard any other myths you would like dispelled? Let’s talk! Call or text me at (704) 491-3310.

© Debe Maxwell | The Maxwell House Group | CharlotteBroker@icloud.com | Buying a home can be scary - Myths dispelled!

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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

So true, Lisa Von Domek! We do wear many hats in this business, that's for certain!

Oct 28, 2018 06:40 AM #17
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Tammy Lankford, same with investment properties - I can't believe BOA thought they could provide anything other than a 20% down product!  

Oct 28, 2018 06:42 AM #18
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Yes, that's very true, Laura Cerrano - the same goes with negating the objections. We have to be on our toes for our clients!

Oct 28, 2018 06:43 AM #19
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Thank you, Brenda Mayette! It's a scary thing if you only go by what you 'hear!' Dispelling myths seems like a daily 'function' for us, doesn't it?! 

Oct 28, 2018 06:44 AM #20
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Same here, Brenda J. Andrew! There are far more options in packages out there than the general public knows.

Oct 28, 2018 06:45 AM #21
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Thank you, Dorie Dillard CRS GRI ABR! I hope so - I enjoy dispelling myths and teaching buyers so that they can be comfortable in the homebuying process!

Happy Sunday!  

Oct 28, 2018 06:47 AM #22
Ambassador
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

I've had more cash buyers in the last two years than ever before in my career, Scott Godzyk! They are not of the belief that holding onto their cash for investments that will earn them more than the 3-5% interest rate that they would pay in a mortgage. They're more interested in living debt-free and kudos to them! 

Oct 28, 2018 06:49 AM #23
Rainmaker
2,704,862
Lisa Von Domek
Lisa Von Domek Team - Dallas, TX
....Experience Isn't Expensive.... It's Priceless!

Debe Maxwell, CRS and soon we will be wearing (so to speak) Boston hats!  LOL

Oct 28, 2018 06:53 AM #24
Rainmaker
2,473,452
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Superior marketing at work here...well done

Oct 28, 2018 07:03 AM #25
Rainmaker
3,388,181
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Debe- - -education is so much of our role in real estate. Knowledge is definitely quite powerful. Use it wisely and intelligently. 

Oct 28, 2018 08:41 AM #26
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

LOL I can't wait, Lisa Von Domek! Who knew two southern girls would be so excited to get to the cold weather?!

Oct 28, 2018 08:51 AM #27
Ambassador
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Well, thank you, Richie Alan Naggar! KCM has some great information and they always seem to get the juices flowing with their infographics! 

Oct 28, 2018 08:52 AM #28
Ambassador
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Knowledge IS power, Michael Jacobs! Knowing when to share it is also quite powerful.

Happy Sunday!

Oct 28, 2018 08:53 AM #29
Rainmaker
369,382
Bill Dandridge
MKB, Realtors - Roanoke, VA
GREEN, ABR, GRI, EcoBroker

What a great post, Debe! Congratulations of the feature. Awesome post and graphic!

Oct 28, 2018 05:03 PM #30
Rainmaker
412,779
Matthew Klinowski, PA
Downing-Frye - Naples, FL
Golf Community Real Estate Specialist

Morning Debe, great tips and fantastic graphic. Have a wonderful week.

Oct 29, 2018 04:42 AM #31
Rainmaker
794,376
Nick Vandekar, 610-203-4543
Long & Foster Real Estate Inc 610-225-7400 - Devon, PA
Tredyffrin Easttown Realtor, Philly Main Line

Great post, love the concept and the execution.

Oct 29, 2018 08:06 AM #32
Rainer
530,808
Sham Reddy CRS
H E R Realty, Dayton, OH - Dayton, OH
CRS

Thanks for the myth buster information!! Here are a few facts:

The average credit score of approved loans was 727 last month.

72% of buyers who purchased homes this year have put down less than 20%.

76.4% of loan applications were approved last month.

Oct 30, 2018 04:18 AM #33
Rainmaker
2,122,045
Sharon Tara
Sharon Tara Transformations - Portsmouth, NH
New Hampshire Home Stager

Amazing how better things can look when you have the facts!

Congrats on the well deserved feature!

Oct 30, 2018 11:03 AM #34
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Hi Debe

I love this infographic that sends a powerful message. So many myths that are easily dispelled. You just can’t believe everything you hear or read.

See ya in Boston on Friday!

Jef

Oct 31, 2018 07:07 AM #35
Rainmaker
350,325
Elisa Uribe Realtor #01427070
Golden Gate Sotheby's International - Oakland, CA
Opening the Doors to California Homes -East Bay

Well done! Congratulations on the feature!

Oct 31, 2018 05:28 PM #36
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