Three Home - Buying Myths Busted
Buying a home can be complicated, so it's easy to get misinformation about the process. A Texas REALTOR® can help you avoid problems, but here's some clarification about a few false assumptions.
Myth: I can use sites that list home values to figure out a fair offer price.
Truth: There are a lot of sites online that offer estimates of how much a home is worth, but they're not always reliable sources. If you use them to come up with an offer, you may end up spending more than you need to. A Texas REALTOR® has access to accurate information about your market, other homes sold in the area, and property features, which can help you arrive at an appropriate offer price.
Myth: Sellers have to fix issues noted in an inspection report.
Truth: They don't-even if you ask them to. Repairs are a negotiable item like other terms of a contract. If a seller does not agree to make requested repairs and your contract includes a termination option, you have the right to terminate the contract prior to the option period's expiration.
Myth: A seller has to accept my full-price (or above full-price) offer.
Truth: A seller is not bound to accept any offer, even at full price or above. A seller may choose to accept an offer because of other favorable terms, such as an earlier closing date.
While the Texas Association of REALTORS® has used reasonable efforts in collecting and preparing materials included here, due to the rapidly changing nature of the real estate marketplace and the law, and our reliance on information provided by outside sources, the Texas Association of REALTORS® makes no representation, warranty, or guarantee of the accuracy or reliability of any information provided here or elsewhere on TexasRealEstate.com. Any legal or other information found here, on TexasRealEstate.com, or at other sites to which we link, should be verified before it is relied upon.
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