5 Common Myths About Homeownership Buying a home is an important step in building a secure financial future. But because of some common misconceptions, many people believe homeownership is out of their reach. Don’t let these myths keep you from the personal and financial rewards of homeownership. Myth #1
“I don’t have enough money for a down payment.”
In the past, buying a home required a 20% down payment. But not today. In fact, 7 out of 10 first-time homebuyers make a down payment of 10% or less. Contact us about loan programs that can help you buy a home without a lot of cash, or any at all. Myth #2
“I have less-than-perfect credit, so I can’t get a mortgage.”
A less-than-perfect credit history doesn’t have to stand in your way of reaching your homeownership goals. Team Sandy Blanton has helped hundreds of individuals move beyond credit challenges into homes of their own. We may have solutions for your situation. Myth #3
“It’s less expensive to rent.” In fact, you may be surprised how much home you can buy for the same rent check you're sending in now, especially when you consider the tax advantages of homeownership. And unlike rental costs, your monthly principal and interest payments will stay the same for the life of a fixed-rate mortgage. Myth #4
“I won’t be able to fit a mortgage in my budget.”
Our goal is to help you succeed financially, so we’ll carefully review your loan options with you and help you choose the loan that’s right for you. With a loan that fits your budget and your financial goals, your home will be a powerful tool in building a secure future for you and your family. Sandy is a mortgage broker and can help you through the mortgage process or refer you to someone who can meet your specific needs Myth #5
"Now may not be the right time to buy.” Because home prices historically increase (and only occasionally decline), buying as soon as you’re able is can be a more effective strategy than trying to time the real estate market. Moreover, as a homeowner, you’ll be building wealth as your home equity grows. 
Pricing >Marketing Techniques
When a seller lists a home with a real estate agent, a lot of brainstorming follows. Who are the potential buyers, where do they live and work? How can they be reached effectively with information that will attract them to this particular property?
In addition to advertising each home on the widely used Multiple Listing Service, professional real estate agents employ marketing techniques tailored to the individual home they are selling. An agent will review various buyer lists to find potential purchasers. They will use telephone and direct mail marketing, produce property flyers and advertise on the Internet, in the newspaper, in community publications and in real estate magazines. Contacts will be made to other agents who sell homes in the area to encourage them to show the home to prospective buyers.
Real estate agents combine pro-active marketing with realistic pricing to generate results for their home sellers.
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| Q |
What 70-room East Coast mansion was built as a summer home and is known as a "Gilded Age cottage"?
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| A |
Cornelius Vanderbilt's "Breakers" Mansion in Newport, Rhode Island, named for the waves crashing along the cliff that separates the property from the ocean. |
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