Buying your first home is a major step. There’s a lot you need to know to make the right decisions – and also to avoid making the wrong ones. the right – And that’s particularly true in this current buyers’ market, when there are so many homes available and sellers have such diverse motivations.
The good news is that if you know what you’re doing, or if you’re working with a highly-experienced REALTOR® who does, this market offers fantastic opportunities to get a great home at a great price.
Without question, owning a home comes with responsibilities and risks that you don’t have to worry about when you rent, such as a mortgage, taxes, homeowner’s insurance, maintenance and repairs, to name a few. However, financial advisors – not to mention homeowners themselves – say there are far more advantages to owning:
At the end of the day, it just feels good to own your own home. You can decorate it any way you like, renovate or build additions, personalize your landscaping.
There’s only one way to find out: go to your bank and/or another lending institution and allow them to perform a credit check and analyze your financial situation generally. You might be surprised, because the pity is that there are many renters who financially qualify to own their own homes, but don’t realize it. Are you in this category? It would ba a shame if you wanted to own your own home, but didn’t know you could – particularly in this perhaps once-in-a-lifetime buyers’ market.
Generally speaking, if you’re financially qualified, your timing couldn’t be better. In face, few markets have ever offered the kinds of opportunities that currently exist for first-time homebuyers, because:
So the bottom line is that if you are currently renting but really want to own a home, this is a fantastic time to buy. And again, you may qualify to buy and not know it. So talk to a knowledgeable, experienced REALTOR® about your options. Your REALTOR® will not only be able to guide you towards getting all the financial support you qualify for, but you’ll also get the scoop on the many and various great real estate opportunities currently available.
Not only that, but in case you didn’t know, all the work that a REALTOR® does to help you find, finance and purchase a home won’t cost you a penny – it’s all paid for by the seller!