The Karlin Law Firm LLP

Providing quality legal services to statewide and national clients in ADA defense, Personal Injury, business and real estate for more than 35 years

Email Us
Practice Areas

Home buying myths to stop believing in

There are many myths that home buyers in California and elsewhere may believe to be true. For example, many believe that they need a 20% down payment to buy a home. However, it is possible to get a loan without making a down payment at all depending on what type of mortgage a person uses. Some also believe that they have to buy a home for the maximum amount that a lender allow them to borrow.

The truth is that buyers should only spend what they can afford. They are encouraged to discuss a reasonable price point with their financial adviser before beginning the search for a mortgage. It is usually a good idea to look for properties with the help of a real estate agent. He or she may be invaluable when negotiating with a seller or when issues arise with a home prior to closing.

Real estate agents may also help buyers temper their expectations when looking for a home. While everyone wants their dream home, it may not be feasible to do so at the moment. However, it doesn't mean that individuals should buy a fixer-upper in hopes that it will become their dream home. In some cases, that property could cost more to remodel than simply purchasing an existing house in better shape.

When buying a residential property, it is generally in a buyer's best interest to find a home that is affordable and in good condition. Sellers typically must disclose any problems with the home prior to closing. Buyers may want to seek the advice of an attorney and other professionals prior to making an offer on a home. This may help them make an offer that meets their needs and helps them feel more confident about the transaction overall.

No Comments

Leave a comment
Comment Information

Contact Us Today

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

L. Scott Karlin

L. Scott Karlin

Attorney Profile
David E. Karlin

David E. Karlin

David E. Karlin is a California attorney with a primary focus on business and real estate, including law and legal issues...

Attorney Profile
Michael J. Karlin

Michael J. Karlin

Michael J. Karlin is a Southern California based attorney whose practice primarily focuses on Entertainment Law. Michael began...

Attorney Profile

Recent Articles

ADA Fraud Reported

A recent article on the news concerns a man in Riverside County who allegedly has attempted to obtain money from property owners and businesses based on alleged violations of the Americans with Disablities Act (ADA). Read More

Tustin Office
13522 Newport Avenue, Suite 201
Tustin, CA 92780

Phone: 714-881-0054
Tustin Law Office Map

Newport Beach Office
2901 West Coast Highway, Suite 200
Newport Beach, CA 92663

Phone: 949-427-9328
Newport Beach Law Office Map

Carlsbad Office
2173 Salk Avenue
Suite 250
Carlsbad, CA 92008

Phone: 760-407-2409
Map & Directions

Riverside Office
6809 Indiana Avenue
Suite 100
Riverside, CA 92506

Phone: 951-643-8769
Map & Directions

Los Angeles Office
1100 S. Hope Street
Suite 103
Los Angeles, CA 90015

Phone: 213-519-5633
Map & Directions

Fresno Office
1444 Fulton Street
Fresno, CA 93721

Phone: 951-373-4384
Map & Directions