Correcting A Few Myths Concerning Buying Your First Home

Buying your first house can be one of the defining moments in your life. Unfortunately, first-time homebuyers are unlikely to be very informed about this process. A lack of accurate information can lead to some issues during this process, but you may find that you are able to have a smoother buying experience by being aware of the reality behind these three myths.

Myth: Homes Always Come With The Major Appliances

You may assume that your home will always come with the major appliances, such as the stove, water heater, washer, and dryer. However, this is not actually the case as it can be common for some home sellers to want to take these appliances with them when they move. As a result, you will need to make sure that you know whether this is the case before making your initial offer. In situations where the seller wants to take the appliances with them, you may be able to negotiate down on the price by including the costs to replace these appliances.

Myth: Homeowners' Associations Offer No Benefits

It can be common for individuals to be hesitant about buying a home that is under the jurisdiction of a homeowners' association. While it is true that these organizations can exert a powerful influence on the way that you use your property, they can also provide some important benefits. For example, the rules imposed by these organizations help to protect the property value of the community by preventing individuals from neglecting their property or otherwise creating eyesores. Additionally, some of these organizations will include secured access and night watch personnel to help keep the homes as safe as possible.  

Myth: It Is Always Expensive To Hire A Real Estate Agent

First-time homebuyers often assume that real estate agents are expensive professionals to hire. However, the buyer is typically not responsible for paying the commission of their agent. This is generally the responsibility of the person selling the property, which will allow first-time buyers to enjoy the benefits of this professional guidance without having to worry about paying these fees out of their own pocket.

When you go through the process of buying your first piece of property, it is important for you to be as informed as possible. By appreciating the fact that some homes may not include the appliances, that homeowners' associations can provide important benefits and that the seller is responsible for the agent fees and commissions, you can avoid some common problem causing oversights.