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Deciding to Buy

Decide
To Buy

Preparation

Choosing A
Real Estate
Agent

Time to Go
Shopping

Escrow
Inspections
& Appraisals

Moving In

Purchasing a property is most likely the biggest financial decision you will ever make. Whether this is your first purchase or you are an experienced buyer, this decision must be made carefully

Why Do You Want To Buy?
Are you tired of paying rent? Have you decided to pay your own mortgage and not your landlord’s? Have you outgrown your current home? Are you looking for an investment portfolio? Are you looking for a rental property? Would you like a larger yard? Would you rather live in a different area? Do you want to shorten your commute? Having a clear sense of your reasons for buying will help you choose the right property.

Has Your Income Grown?
Property ownership is an excellent investment; whether you are looking for your dream home, a rental property, or to expand your investment portfolio. Owning real estate is one of the least risky ways to build equity or to obtain a greater return on your initial investment.

Before you begin shopping for properties or comparing mortgage options, you need to make sure you’re ready to be a homeowner. tgage, although this number varies based on your lender, loan type and other factors.

A mortgage can be a 30-year-long commitment. Though you don’t need to live in your home for the entirety of your mortgage term, it’s still a big decision. When you own a home, it’s more difficult to move. In many cases, you’ll need to sell your home first, which can take a long time.

Decide whether you’re ready to live in your current area for at least a few more years. Consider your career goals, family obligations and more. Each of these factors will play major roles in the type of home you buy and where you buy it.