Thinking of Buying a Home?

 

 

Here are some commonly asked questions.

Question One: Should I get pre-approved for a mortgage before looking at homes?

The quick answer is *YES*! Knowing how much you can afford can help you understand exactly how much you can afford. If you are a first time homebuyer there are programs available to you. It is important to understand exactly what costs are associated with homeownership. Making sure you understand the difference between being pre-approved and being pre-qualified can be explained by a mortgage professional.

Question Two: Should I buy or rent?

Buying a home is a good wealth strategy and a solid investment depending on your circumstance. With low interest rates it could be cheaper to pay a mortgage vs paying rent. One important question to consider is how long are you planning on staying in a home and are you ready to take on additional responsibilities.

Question Three: I own a home, should I buy another before selling my current home?

There is no correct answer but there are Pros and Cons. Finding a suitable property is a plus but if your current home does not sell timely this can lead to you getting bumped by another buyer. There is no crystal ball but selling your current home before buying a new home will put you in an ideal position.

Question Four: Do I  really need a Realtor when buying a home?

It is strongly recommended to have a Realtor. Realtors help represent your best interest. Attempting to buy a home without a Realtor can make the home buying process more difficult.

Tracey Greenspoon

Tracey Greenspoon

CENTURY 21 B.J. Roth Realty Ltd., Brokerage*
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