Everywhere you look, people are likely telling you to buy a home. It’s seen as the ultimate investment, and many people don’t think they’ve fully ‘made it’ in life until they’ve bought real property.
However, buying a home is not a decision to take lightly. Home ownership is currently at a low point, with only 65% of people owning a home, compared to 69% thirteen years ago. These tips, offered by an exclusive buyer’s agent, should help you decide if it’s the right time for you to look at homes for sale in Hanover or elsewhere.
Are Your Finances in Order?
Unfortunately, unless you’re in the financial position to afford a house, it’s not going to happen. There are two things to consider when buying a home: can you afford the mortgage repayments, and do you have the money for a down payment and associated legal fees?
Mortgage companies like to know that you’ve been sensible enough with your money to save for a deposit, and you’re unlikely to be offered a loan if you haven’t.
Luckily, buying a home doesn’t have to be as expensive as you think. An exclusive buyer’s agent can help you to keep costs down by negotiating on your behalf. This could save you thousands on the purchase price of a home.
Do You Have a Plan for Your Future?
No-one knows exactly what the future holds, but it’s best to choose a property with the future in mind, rather than thinking about your current situation. Once you’ve bought property it can be both difficult and expensive to have to move. This is why, for example, that buying a 1 bedroom condo may not be the best idea if you’re planning to have children within a couple of years.
A good exclusive buyer’s agent will discuss your future goals to help you decide the type of property that will suit you best.
Do You Know What You Want?
There’s no point buying a home unless you know what you’re looking for, as you’re likely to get buyer’s remorse and wish you hadn’t spent your money on a property that doesn’t meet your needs. There’s no harm in taking time to choose a property, and hiring an exclusive buyer’s agent will ensure there’s no pressure. As they don’t work for the seller, they won’t try to push you into a purchase so they can get extra commission.
Make a list of the things you want out of a home. If you’re confident in your choices, then you’re likely ready to look at homes for sale with an agent.
If you’re ready to purchase your very own home, contacting a reputable exclusive buyer’s agent like Housing Solutions Real Esatate, LLC should be your next move. Call us today. (603) 643-4800.