The question of buying vs. renting can be a complicated question for many of us. Here are a couple of key questions that a prospective buyer could ask themselves.
Is home ownership something that I want for my family? Many people see the purchase of a home as an investment for your future. Not just that, but there is no substitute for the felling of owning your own home. There obviously can be financial gain in buying a home, but remain realistic when looking at why you are buying a home. There is no measure in dollars what it can ultimately mean to you, your family, and your future.
Do I have the credit and income that would help me buy a home? After you decide that you would like to buy a home, this should be the absolute first question you ask yourself. In fact, you should immediately reach out to others for help. We can help connect you with mortgage and loan professional that can confirm your credit and income ratios. We also may need to find programs that will help you increase you credit worthiness and ultimately help you qualify for a mortgage.
Is this where I want to live? When you buy a home, you may experience more control in where you and your family can live. While there are many factors that can affect this question, nobody has crystal ball that will simplify this question. It takes time working with a Realtor that can help you find your dream home. Our niche at Reel Keeper Realty is that we listen well before suggesting what homes and/or areas that we believe may define your happiness.