Determining Whether To Buy

A home purchase is one of the most significant investments you will make in your lifetime. It is with this in mind, that I impart on those beginning to eye home sale platforms and “For Sale” signs to consider your emotional and financial readiness.

I recommend asking yourself, your family, or your business partners what the driving force is behind the decision to buy. Whether the motivation stems from needing more space, a new job, a different school district, or creating a real estate portfolio, it is wise to have a strong sense of your financial health, including your credit score if you are planning to take out a mortgage. You should also have a general understanding of your target market so that you can better assess whether your goals are realistic. Buyers should understand the rough carrying costs of a home including insurance and taxes as well as those predictable and unpredictable costs that come with home ownership.

Rita can provide insight into the current state of the market and help you ask yourself the necessary questions to proceed with confidence no matter what your decision is.