Homes for Sale Minneapolis MN 55401 Real Estate First Time Home Buyer InformationSometimes, clients will ask me if I would buy the house they are considering.  One of the best answers I can give is "I'm not the one who is going to be living here".

Everyone, but especially first time home buyers, should consider how they will use the space.  Buy a house that fits YOUR needs and YOUR lifestyle, not the people you see howking goods and services on TV.  It sounds kind of silly, but with so many so-called "experts" endorsing stainless steel appliances, granite countertops, neutral colors, ceramic tile flooring, and huge homes with high ceilings, sometimes buyers loose track of their own needs.  And while you are making a big investment, remember, first and foremost, you are purchasing a HOME for you and your family.

Plan on staying in your new home for 5 to 7 years and don't worry about the appreciation.  Timing the real estate market from now on is going to be a lot more like trying to time the stock market - impossible.  If your home appreciates, consider it frosting on the cake, but don't rely on it.

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2 Comments on I'm Not The One Who's Going To Be Living Here! And Other Home Buyer Tips from Patti Ann Kasper, Minneapolis St Paul Area Real Estate

JUL
27
2009
170,008 Points 1 Featured Post

I give buyers a wants vs needs checklist to help them choose the perfect home.

Feel free to contact me at anytime if you would like me to send it to you - I believe in paying it forward!
12:22am • #1
221,414 Points 2 Featured Posts

Thanks Christina, I have a similar checklist, but it seems that no matter how well prepared first time home buyers are...  When it comes time to sign on the dotted line, some of my clients still get that queezy feeling and wonder if they shouldn't go for a more "prestigious" home even if it doesn't really fit their lifestyle.

I was just trying to say that you should choose a house to be a home where you can live and feel comfortable first and don't fret over what the resale value will be in the future.  We have all witnessed the proof of the old saying in the stock market "past performance is no indication of future returns" and this is also true of the real estate market.

No one can predict the future.  So choose a home that you will feel comfortable in and don't feel pressured to go overboard on the amenities.

Thanks a bunch for your comment! 
5:29pm • #2


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PATTI ANN KASPER, Blaine & North Metro Minneapolis St Paul Real Estate Resource

Blaine, MN

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