If you’ve entered the real estate market as a buyer or a seller, you’ve inevitably heard the mantra “location, location, location” in reference to identical homes increasing or
3 Questions To Ask Before Buying Your 1st Home
Dated: 01/02/2018
Views: 23
3 Questions To Ask Before Buying Your 1st Home
The real estate market is constantly changing, so of course DO YOUR RESEARCH! DO NOT jump the gun on this one! Unbiased advice from family and peers may be kind, but you are the only one who knows what your needs are when it comes to buying a home.
WHAT MADE YOU CONSIDER OWNING A HOME?
Forget finances for a minute and focus on what made you consider even buying a home in the first place!
· Is your family expanding?
· Does your family feel safe?
· Is there a STELLAR school system in the area so your children can get the education they deserve?
· How about that unbearable landlord?
WHICH WAY IS THE REAL ESTATE MARKET GOING?
DON’T SLEEP ON YOUR DECISION TOO LONG! Home prices are on the rise! Not only are they on their way back up, but these increases are happening monthly.
Don’t believe us? According to Existing Homes Sales Report from the National Association of Realtors (NAR), the average price of homes in May 2017 went up 5.8% from last year.
If you wait until next year to buy, you might be scrapping for change in the cushions to say the least! Not only will it cost you more to buy, but you will also need to increase your down payment to account for the higher price of the home.
WHAT IS THE MORTGAGE FORECAST?
The initial process of purchasing your home may seem easy and quick, but THERE IS MORE TOO IT! The ‘long term cost’ of buying a home WILL haunt you if you buy at the wrong time! Mortgage Bankers Association (MBA), and NAR have projected that mortgage interest rates will DEFINITLEY increase over the next twelve months. The smallest increase in mortgage rates can have a huge impact on a home owner.
FINAL THOUGHTS
If you and your family feel it is the right time to buy a home then GO FOR IT! Consider these points when making the final decision.
Don’t forget, this move is FOR YOU!
Latest Blog Posts
Smells like "Smokey bbq rib" Spirit.You can make this smokey rib recipe in a house with a mouse, on a train in the rain and on acreage with a partridge. :)Ingredients:- 2-6 lb Rack of;
Pocket the Profits: The Secrets to Selling Your Kenmore Home above the Asking PriceAs a Seattle homeowner, you likely spend a great deal of time trying to figure out how buyers are thinking
Information is deemed to be reliable, but is not guaranteed. 2017 MLS and FBS. Prepared by Coeur d'Alene Multiple Listing Service, Inc. The information on this sheet has been made available by the MLS and may not be the listing of the provider. Information displayed on this website on listings other than those of the website owner is displayed with permission of the Coeur d'Alene MLS and Broker/Participants of the Coeur d'Alene MLS. IDX information is provided exclusively for consumers personal,
All information herein is provided by third parties and is deemed generally reliable, but is not guaranteed and should be independently verified. Measurements and other detailed information are assumed approximate only. The Tri-City Association of REALTORS® shall not be liable in any way to any party for any inaccuracies, errors or omissions in the material and information provided herein, or any resulting claims, whether for delays or damages, or otherwise. - This Information Provided Courtesy
The data relating to real estate for sale on this web site comes in part from the Spokane Association of REALTORS® MLS. Real estate listings held by brokerage firms other than Kelly Right Real Estate are marked with the IDX logo.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Intermountain MLS system. Real estate listings held by brokerage firms other than Kelly Right Real Estate are marked with the IDX icon.
All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by RMLSTM.
The content relating to real estate for sale on this web site comes in part from the IDX program of the
Disclaimer: The information contained in this listing has not been verified by Kelly Right Real Estate and should be verified by the buyer.
