How Do I Know

How Do I Know

How do you know when you are ready to buy a home? This is a question I get a lot. Is it the right time for me to buy? Has the market recovered completely? Will there be risks? All these questions are very important and very relevant to your future purchase.   
First I would say check with a lender. Find out where you are approved at. This is the best first step. The lender will be able to give you more accurate financial picture and be able to explain the different options available to you. Please remember that you are information gathering you are in no way obligated to use the first lender you come across. Talk to a few and find out what makes them different.
The next important step is to do some basic research. Get online and see what homes in your area are selling for. This is a great way to gage on a basic level where the local market is. You can also have a conversation with a local realtor. Ask them about where they have seen the trend going in the last year. We can give you some really great data on where the market is coming from and where we expect it to be heading.
And finally, in any large transaction there can be risks. It important thing to remember is if you have a great lender and a great agent it reduces that risk immensely. Having experienced people in your corner makes the buying process easier and less off a risky endeavor. So when you are asking yourself if now is the time to buy remember there are many resources available to aid in your search!  


Jacquelyn Carlson Headshot
Author:
Phone: 763-442-7197
Dated: September 26th 2014
Views: 177
About Jacquelyn: I am in my first year as a buyer specialist with the Steinbach Home Selling Team. I work exclusiv...

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