Quality of Life and When Should You Buy a Home?
Are you in the market for a new home? Or are you looking to sell your home and want the best price? If so, how often do you wonder if the housing market has hit bottom?
Are you watching the stock market hoping for some gains for the year? The housing market affects how the country goes forward from this recession. Pundits talk and talk about what has happened, what could happen, and they attempt at a prediction of what will happen and when. Nobody seems to agree and time keeps marching on and on. If you are on the sidelines and looking for a place to live you wonder if the time is now, and second if you can make it work for you.
A big part of the leap into home ownership is how to find out just where you fit into the picture. Putting all the tiny pixels together and see where they come together. The goal is for, a finished photo that has you and your family on the front porch of a home. No diving in head first as that can be too dangerous. No leaping into the pond and coming out all wet and cold. Small steps into the water can lead you to a place to call your own.
Begin with assessing your finances. No better place to start than by looking for a local bank person to help with all the details of just what a mortgage application looks like. How many fees are involved and of course just where are the interest rates today. Once this is underway, and you know what your budget should be, then it’s time to shop for a home. The fun has just begun.
The question is really now or then. Should I wait until the market is better? Or should I make the move. Making the decision is of course a difficult one, but think of it this way. Can we predict what will happen tomorrow? Is there really any time that is better than another? Maybe thinking of the quality of life that we are looking for can be the answer. Waiting and living in an apartment or rental, you give up that comfort and privacy that it is not yours. Quality of Life outweighs waiting for something you can’t truly define. The question to ask would be; Just what am I looking for in a home that is affordable for me. Nobody can predict the future, but time waits for no one and by waiting there is still the risk of missing that bottom of the housing market. You can certainly be waiting a long time.
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