Do I or Don't I?
You’ve checked out dozens of homes. Your Real Estate Agent is at the point of of total frustration. You are paralyzed, letting one great home after another get away. Why can't you make a decision? Buying a home can be an overwhelming process. There are so many decisions to make making the wrong one could lead you to serious financial consequences. According to Wall Street definitions a home, is not a liquid asset or a growth investment. It's your biggest financial debt... as it appreciates, it also needs repairs and maintenance. That is a lot of responsibility to think about and take on.
But, of course you really want to buy a home. There are plenty of advantages, as well - tax breaks, rising real estate values, a stable environment for the family, to name only a few. So you put aside your worries and keep looking for homes. You just can't find the one that's just right for you.
Many couples purchase homes with the idea that they will have a child, looking for extra space makes sense. But if you are trying to accomplish two big financial goals at the same time - buying a home and adding to your family, then you need to come up with a realistic plan. You need to prioritize your goals. In what order of importance do you want things to happen? What is most important to you? Starting a family, buying a car, saving for vacation, you have realize that your mortgage is the largest, and the larger it is the the less money you will have for other events.
Because it is not a liquid asset, real estate is not as volatile as you think. It goes down slowly and rises comparatively slowly. And even when home sales are down, they will come back up again. No one can predict the future. The only thing you can do is prepare yourself to handle what may happen.
If you are in the market for a new house and would like information on homes for sale, or are first time home buyer not working with a Realtor and would like to schedule a consultation with a qualified Oakland County and Macomb County Realtor, please complete the Lang Premier Properties contact form to have a real estate agent contact you.
Lang Premier Properties are Birmingham Realtors specializing in Oakland County Real Estate. Stephanie is an agent with Max Broock in Birmingham, Michigan. See what past clients have to say about Stephanie Lang. Lang Premier Properties looks out for your best interests when you purchase a new custom luxury home. We always recommend working with an experienced luxury real estate agent when buying a new luxury estate.