When Should You Stop Renting?

     

    Consumer Report

    When Should You Stop Renting and Buy Your 1st Home?

    This choice often comes down to a financial decision: Can you afford what you want? But that’s not the whole story. There are more things to think about than just Can you afford it? If you or someone you know is trying to make this decision, download this report  December-2014-When-Should-You-Stop-Renting

    Don’t Get Hung Out to Dry When Buying a Home

    As much as we try to make real estate transactions go flawlessly, they don’t always go according to plan. There could be un-solvable flaws in the condition of the home, the appraisal might be low, the bank could refuse to fund the loan, or any of a hundred other strange situations. Any of these could delay or cancel the closing.

    Buyers might suddenly find themselves having to revise their carefully laid plans. They might have to rearrange movers, renegotiate with the current landlord, get temporary housing, change financing plans, find a place to store their furniture, and more.

    As  REALTOR’s , we don’t ever want a transaction to fall apart…but if it does, we want our clients to be prepared. For that reason, we  suggest creating back-up plans based on likely scenarios for your situation. For instance, if you are buying a fixer, what kinds of problems can you prepare for in the inspection? If you won a competitive bid, what will you do if the appraisal comes in low?

    When you or your friends are ready to buy a home, give us a call to set a consultation appointment. We will make sure you’re well-prepared.

    Trackback from your site.