7 Home Buying Myths You Shouldn't Believe ...


Home buying myths are rampant. If you listen to these, you might feel it's impossible to purchase a home, or that you "should" buy a home. But in the end, you have to make a decision that's right for you. Whether you decide to buy or continue renting, it's important that you distinguish home buying facts from myths. Here are seven home buying myths you shouldn't necessarily believe.

1. It's a Great Investment

Home buying myths we constantly hear -- it's a great investment. And yes, it can be. But this isn't always the case. This myth compels many to jump into home ownership because they feel buying a home can provide long-term financial security. But the truth is, homes can depreciate in value, and sometimes, you end up selling a house for less than you paid. It all depends on the real estate market in your local area.

It's Better than Renting
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