It's All About Focus

By
Real Estate Agent with Long & Foster Real Estate, Inc

Focus on the SearchSuccess in buying a home, like many things in life, is all about focus.

Everyday, buyers are being buffeted by contrasting news reports saying that its both a great time to buy and that people are losing their shirts in a real estate meltdown.  Well, both views can be correct.

The only really important concern is what is right for you.

Before you start you really need to consider some key questions:

-Where do you want to live?
-Is it better to own or rent?
-How much home can we afford?
-What monthly payments would work with our lifestyle?
-How much money can we afford to put down today?
-Where are the right schools for our family?
-How is the commute?  Which routes could work?
-Where do we spend the most time outside work?
-What style, size, and amenities would we like in a potential home?
-Where are our friends and family?
-What entertainment options do we want?
-Do we need to be near the freeway, airport, bus, or trains?

Once you have a clear focus on your goals, then you can quickly narrow down your search and put together a plan to reach your goals. You can then focus on deciding on target areas, putting together your financing, and really researching the homes in those areas.

Cloassic Colonial Home PAThis is truly a great time to be in the market - particularly if you are a first time home buyer and can qualify for the $8000 First Time Buyer Tax Credit.  Purchasing a home can be a great experience or a confusing mess.  If you start out focusing on where you want to arrive, the entire experience can be a much less confusing and much more enjoyable process.

Ready to start looking?  Feel free to call me anytime.  It's time to take advantage of all this area and this market have to offer.

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Rainer
205,592
Sylvie Conde
Sutton Group-Associates Realty Inc., Brokerage - Toronto, ON
Broker, Toronto Real Estate

David, you're absolutely right.  It's about what's right for you.
I get the same thing every day: "My friends say it's a really bad time to buy, and I don't know if I should".... "My Mom tells me prices will continue to go down and I should just wait ...." 
"My neighbor is losing their home ... how can it be a good time for me?"

Everyone's situation is different. 
You have a steady job, which you know you will have for years to come, and your neighbor may be unemployed.

You have been saving money for a downpayment for years, and have your closing costs on top of that; and also have an emergency account.   Does everyone you know save as well as you?

We have to look at each situation individually, and if it's right for you, do it.
Home ownership is the best form of 'forced savings' you can ever have.
In the long term, you will have equity, and your friends will have rich landlords.

 

Jun 13, 2009 04:28 AM #1
Rainmaker
525,808
David Henke
Long & Foster Real Estate, Inc - Newtown Square, PA
Realtor, Homes Just West of Philadelphia PA

Thanks and great points.  There's always a reason not to do something.  The key is for each person to look at their own goals and situation to make the appropriate decision.

Jun 13, 2009 07:20 AM #2
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Rainmaker
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David Henke

Realtor, Homes Just West of Philadelphia PA
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