A lot of people think they can’t afford to buy a house, but right now, buying is the better option of the two. Why put money into a property you’ll gain nothing out of?
“But I don’t have enough money for a down payment! Aren’t you supposed to put down at least 20%?”
If I had a nickel for every time I heard that phrase or something like it, I think I’d be able to buy all of Colorado! No, you don’t need 20% of the home price to be able to buy. In fact most people don’t! Did you know that the average down payment for buyers is usually 6-7%? Buying sounds a lot more affordable now, doesn’t it?
That is just one of many real estate myths. Buying isn’t just for the mega-rich, you can do it too!