A prospective client emailed me yesterday and asked me should I buy a Livonia home now or wait? First of all you should look at your own finances and your stability first.
- Do you have a decent paying job?
- Have you been on the job for at least two years?
- Do you have a lot of debt payments like credit cards?
- Is your job, company stable? Are there layoffs coming in the near future? Are you getting good job reviews?
If your company is going through downsizing or layoffs? Then I would say you might want to wait to buy a piece of Livonia real estate.
If you have your credit cards maxed out, I would wait to buy a home. I would pay down the credit cards first. Because if you can't pay them off before you own a home, it will be worse when you buy that Livonia home. There is always something you need when you buy a home.
Having a decent paying job that you have been on for at least two years helps. It's not necessary to be on the same job, if you have been steadily employed. I just don't think you should come out of a college and jump into a new job and a new Livonia home at the same time. You don't need all that stress at one time.
So take it slow.
This is just part one of what you should think about when deciding whether to buy a home or not.
More Livonia home buying tips (Over 100 different articles)
Metro Detroit home buying advice and articles
Search Livonia homes for sale and get the latest foreclosures emailed to you
Comments (1)Subscribe to CommentsComment