Happy New Year!
Is a new home in store for you in 2017? If the following ring true to you, 2017 may be the year to make the big move move and find your new home!
- Are you sticking around for a while? If you’re planning to stay in your current or new area at least 5 years, it may make since to make a purchase.
- What’s happening in my market? Are rents going up? Purchasing a home will help your monthly costs stay steady versus renting, where it may continue to rise.
- Am I in order financially? If you are already struggling to pay bills, adding a mortgage to the mix will not help. Also, you will need to have an adequate down payment saved (anywhere from 3%-20% of the loan amount.)
- What are the hidden expenses associated with buying? Keep in mind condo/HOA fees, property taxes, homeowners insurance, when looking at the total cost of a owning a home. Make a budget and stick to it.
If you think you’re ready to find your new home, contact a Blackstone Williams agent today, we’re here to help!