It's NOT a good time to buy a Lethbridge Home if.....

By
Real Estate Agent with Lethbridge Real Estate.com

As a REALTOR, I feel that buying Real Estate in Lethbridge, is a great investment for most everyone.  I am happy to help people buy and sell homes in Lethbridge.   However, there may be times when Buying Lethbridge Real Estate is NOT a good option for you.  If any of the following applies to you, you may want to rethink or postpone buying a home.  

 

  1. Do not have a steady job:  If you do not have a long time employment record, or are concerned about possible job cuts, it may not be a good time to buy (if this is the case, you may not be approved for a mortgage anyways).

  2. Poor Credit/no downpayment:  If you have poor credit, sometimes you can still get a mortgage.  However, you may be better off rebuilding your credit and waiting until things have improved. Mortgage rates for people with smaller down-payments and poor credit are usually several percentage points higher.

  3. Have dreams to travel the world?  Are you thinking of picking up a backpack and taking off for a while?  Unless you have someone you trust who is going to be living in the home, it may not be a good idea.

  4. Relationship issues:  If you are in a committed relationship, buying a home together can be wonderful.  If you are going through a very rocky-patch, then it is likely better to wait until things have settled.

  5. Transferring out of Lethbridge:  If you suspect that your job is going to transfer you in a year, then buying is probably not a good idea.  You might still want to consider it though if your employer is one that will pay for the expenses of selling your home, and for your relocation costs.

 

 

But if Lethbridge is going to be your home for a while, and you want to start building equity, and stop paying someone else’s mortgage payments, then buying a Lethbridge Home is a great idea.  Give me a call at 403-795-8783 or email me at jen@viewlethbridge.com  if you would like to discuss in greater detail.   As someone guiding people with one of their most important financial decisions, it is my goal that my clients always do what is best for them.

 

Posted by

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Jennifer is a Real Estate agent in Lethbridge, Alberta.  Some of her specialties include student buyers, out of town buyers and sellers, and extensive Internet marketing of her properties. Whether you are buying, selling, or just want some information, just call Jen at 403-795-8783

Search Lethbridge MLS® listings here:
www.viewlethbridge.com/searchmls.html

Jennifer Brodoway, Lethbridge REALTOR®
www.viewlethbridge.com

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