6 Signs You’re Ready to Buy a Home
By Stephanie Baron, Realtor1. You are ready to settle down.
With loads of different options from houses, condos, duplexes, It’s a smart to have an idea of what you are looking for and what’s important to you. If you have grown tired of renting and feel you are ready to commit to a home and have found a location you want to stay in for the foreseeable future, you may be ready to buy.
2. You can afford a down payment
Buying a home is one of the biggest purchases someone can make in their life. Down payment requirements are a percentage of the overall home price, this can change your mortgage approval and payments vastly. Luckily there are lots of programs to help first time home buyers!
3. You have a stable career.
If you have a secure job it and money saved, real estate is one of the best ways to secure your future and lowers your risk of missing mortgage payments.
4. You are comfortable with the long game.
One sign you are ready to buy is you’re thinking long term; Think to yourself, If you can confidently answer yes to the question “I'm able to pay for this home for the next 10 years or 25 years” then it may be a sign you’re ready to buy.
If you have a stable job, your debt is manageable and you have enough for a down payment, this helps to eliminate some fear that comes along with market turbulence.
5. You are itching for projects.
If you find yourself wanting to personalize a home, it could mean you are ready to buy a place to make it your own.
Homeownership offers loads of fulfilling opportunities to personalize your home to fit your lifestyle and taste.
If you find your self dreaming on paint colors, renovations and decor, you might be ready for your own home.
6. You’ve met with a realtor.
Buying your first home can sometimes feel like a lifetime away, but you may be closer than you think. A realtor can help give you insight on the current market and help make your real estate dreams a reality. Realtors are also knowledgeable and have first hand tips and resources that can inform your choices.
If you think you might be ready to buy, contact us at 204-995-7355 for a professional opinion.