Contact Us For A Consultation
302-644-7181 Lewes
302-697-4900 Camden

Myths about residential real estate may hold back some buyers

Many factors can play into buying a new home. If individuals looking at residential real estate in Delaware have never bought a home before, they may not have all the right information. There are a number of myths about home buying that could impact a future homeowner's potential transactions.

One myth that may have individuals hesitant about buying a home is that their credit scores need to be perfect. However, a perfect credit score is not necessary. Certainly, a person with a higher credit score may obtain a more favorable interest rate and other benefits relating to their mortgage loan, but that does not mean that individuals with less-than-perfect scores must completely rule out the idea of getting a loan for their home.

Another common myth is that homes are always bought in spring. While this is certainly a popular time of year for real estate purchases, these transactions can take place any time of the year. The timing depends on the buyers, available options and need. As a result, many individuals may be looking at homes in hopes of making a purchase this winter.

Because there are so many myths associated with residential real estate, it can be difficult for first-time homebuyers to understand the best paths for reaching their goals. Fortunately, realtors and other professionals can help in this endeavor. In particular, parties interested in Delaware real estate may want to talk with experienced attorneys who can make sure they understand laws relating to real estate transactions and how to negotiate contracts that will most benefit them.

No Comments

Leave a comment
Comment Information

What Our Clients Say About Us…

My wife and I would like to take this opportunity to highly recommend the legal practice of Bonnie Benson and her very professional staff… Bonnie and her staff are organized, engaged in the client's case and they communicate effectively.

Read More
Latest Blogs
Get The Help Now

Need Answers Now? Contact Us Immediately

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

your success. our commitment. elder counsel excellence in elder law  and special needs state bar delaware association

Camden Office
306 East Camden Wyoming Avenue
Camden, DE 19934

Phone: 302-697-4900
Fax: 302-697-4901
Camden Law Office Map

Lewes Office
33718 B Wescoats Road
Lewes, DE 19958

Phone: 302-644-7181
Fax: 302-644-7182
Lewes Law Office Map

We Accept visa mastercard discover network
Review Us