2007-12-10 09:01:18 · 7 answers · asked by J squezzy 1 in Business & Finance ➔ Renting & Real Estate
Location, location, location! Are there houses in your area that you can afford? (Including not only the monthly payments, but money for property taxes and maintenance.) Would you like living in them better than the place that you are renting? (Your apartment may have a pool or gym that you will miss.) Have you successfully applied for a home loan? Will this make your commute to work too much longer? Are you planning to live in this house for five years or longer? Unless you can afford to buy a house and are willing to do the upkeep on a house yourself, you are better off renting. Buying a house just for appreciation is never a good idea.
2007-12-10 09:08:03 · answer #1 · answered by Kathryn D 3 · 0⤊ 0⤋
I have a quote about buying houses that I learned from a gentleman when I first decided to get into real estate. The quote goe something like this. "The best time to buy real estate was 20 years ago. The next best time to buy real estate is today.
Now one of the best reasons to purchase real estate is for the equity it will acquire over a period of time.
Since prices have dropped in most real estate markets this is the one of the better times to buy a house since this is called a buyers market.
You can normally make a better bargain with the sellers either on price, closing cost and other things that could work out in your favor.
Looking for ever for the best possible deal is just as bad as not catching a fish because there will be more in the lake or pond.
Find a home you can be comfortable in, make the best possible deal you can and make an offer.
Before you do any looking for a home, you should contact a mortgage broker to find out what type of mortgage you are qualified for as well as the interest rate, if you have to have money down and most importantly if you can afford the mortgage payments.
Contacting a mortgage broker will cause the mortgage broker to complete a mortgage application. Once the mortgage application has been completed the answers to the questions above will be answered and you can then make an intelligent decision.
I hope this has been of some use to you, good luck.
"FIGHT ON"
2007-12-10 09:23:34 · answer #2 · answered by loanmasterone 7 · 0⤊ 0⤋
2
2016-07-19 18:14:12 · answer #3 · answered by Caroline 3 · 0⤊ 0⤋
Well it depends which citys. First if near beach u better grab it now thoguhs pirice are getting hire and if u wait for next year it may b 2x the orgisanle price and if not near beach but down south and has a pool u better grab that people who have no near the beach thing go's for a pool so better get that too and if near disney world U HAVE TO BUY IT but too lound i dont recommended well i can go on for a while but my hands are carmping but i can do two more if up north not too bad but get a pool u will regret it if u have no pool in the summer OR buy a house thats NOT near a beach WAY UNDER your price range AND so u can make corrtions two it like put a pool in because it would save a a chunk of money because it ws cheap and applice arent too bad to but and granite tops A MUST HAVE will be cheap because of the extra money
2007-12-10 09:14:26 · answer #4 · answered by LOVE SIXFLAGS!!! 2 · 0⤊ 0⤋
Good time to buy, lousy time to sell. Good luck in getting home owners insurance for less than $3000 a year.
2007-12-10 11:21:41 · answer #5 · answered by Weimaraner Mom 7 · 0⤊ 0⤋
Apparently not. My grandparents have a beautiful home for sale at a good price. It's been for sale for over a year with very few lookers and no offers.
2007-12-10 09:06:05 · answer #6 · answered by Carrie 2 · 0⤊ 0⤋
Rent-To-Own Homes : http://RentToOwnHome.uzaev.com/?uvKu
2016-07-12 05:45:23 · answer #7 · answered by Abigail 3 · 0⤊ 0⤋