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[…] 3 Questions You Must Answer Before <b>Buying a Home</b> | Keeping <b>…</b… […]
[…] by The KCM Crew on January 4, 2011 · 9 comments […]
[…] 3 Questions You Must Answer Before Buying a Home.. […]
[…] prices are falling, interest rates are on the rise and that can have a huge impact on your cost. The monthly mortgage payment (COST) you can […]
[…] prices are falling, interest rates are on the rise and that can have a huge impact on your cost. The monthly mortgage payment (COST) you can […]
[…] prices are falling, interest rates are on the rise and that can have a huge impact on your cost. The monthly mortgage payment (COST) you can […]
[…] by The KCM Crew on January 4, 2011 · 9 comments […]
[…] Questions You Must To Ask Before Buying A Home 3 Questions You Must Answer Before Buying a Home […]
Like politics, all real estate is local. National trending is important to prove the relative postion of the market you work. The bottom line is the true value of home ownership compared to other forms of shelter. A tenant’s rent is not guaranteed to stay the same. Similar to an adjustable rate mortgage. We don’t need more uncertainty in our lives. The owner may decide to sell and we are compelled to move. That’s a drag. Buy a home, start a garden, paint your favorite color, let your baby crawl on new carpets, build neighborhood friendships. As interest rates increase, you get less home for the money. Except for the weakest of markets, it is generally agreed that we are bumping along the bottom. People die and families grow- there are always sellers and buyers.
I agree with Frank’s comments, being a home owner gives stability (though some foreclosed on owners would disagree!). A renter does not know if that Landlord has other plans for their home, or is even paying the bills. Buying a home puts the control into your own hands. Plan well, care for the home, make the payments, and enjoy coming home every day!
Great info for would be first time home buyers. We should all help potential buyers understand that the best time to buy is when they’re ready…both emotionally & financially.
That is so well said, Frank…..about “local” Real Estate. and PERSONAL improvement to quality of life.
Thank you again for your timely insight. A home purchase is just that, a home not just a house or an investment. “Home” is significant for so much more, stability for you and your family, a monthly expenditure you can budget for in the next 30 years if desired, and a sure way over time to increase your net worth. Cannot wait for you to visit our Realtor Association (Plymouth and South Shore) in Massachusetts again in February, always standing room only!
Summer is around the corner and a quick look around prompts you to want to find some home and garden accents that will revamp the lawn. Since homes are not selling as they had, many home owners are looking to better what they have. Whether it is inside the home or outside.For help visit:
home and garden tips
I agree that the intangibles are key to home ownership. I am more interested in
understanding the rationale for a 14 year time line. With the pace of change, how can anyone predict 5 years out, let alone 14! Also, this does not bode well for new construction for a long time. When does the pent up demand that is developing each year due to population increase kick in? Not sure what the benefit of this prediction is. I would like to hear more on the rationale from Steve. I did read some of Case Schillers rationale: Vct =E(INDEXii / INDEXio) x Vio :)
What perfect timing to have this to share with our clients who may be holding out on purchasing their first home! Thank you.
Thank you again for helping fellow Realtors with timely information.
Karyn Davidson