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Buying a Home

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Moving is exciting! Thoughts of a new layout, a new color scheme, maybe a few new pieces of furniture begin to fill that dreamlike space in your head.

But then, suddenly the simple idea of finding a new space to store your junk becomes a whirlwind of decisions, big and small, that just might dictate your quality of life, potentially for the foreseeable future. And for those coming from renting an apartment, the prospect of buying a home can seem downright insurmountable.

For someone who has only ever rented apartments until now, the idea of owning your own home may send you into nervous fits of cold sweat. The housing market sounds scary. It seems like every other day someone in the news is predicting another recession. It does not seem like a good time to buy much of anything, especially something that has a price tag with that many zeroes.

Do not let unfamiliarity with the housing market scare you. And please do not let the talking heads and finance pundits dictate when you buy. Here is quick list of tips that may help that decision become a bit easier.

  • You will always find someone that will tell you this is the perfect time to buy, and at that exact moment someone else will tell you it’s the worst time to buy.
  • Owning property remains a pinnacle of the American dream. A cheesy sentiment but it’s true.
  • Rent is wasted money for some people. Every month that goes by where you are paying hard-earned cash to a landlord is a month not spent possibly accruing equity in your purchase.
  • Market fluctuations seem scary, but many believe that purchasing a home is a long-term investment designed to help the homeowner survive the occasional choppy water of the real estate market. If you’re looking to stay put for a while, assess if weathering the storm is the best decision for you.
  • Location is important. But understand the natural ebb and flow of cities and townships. The hip area now may be passé in fifteen years. The rundown area may be rejuvenated five years from now. Do your homework and trust your instincts.

There’s no doubt many questions bouncing around the frontal lobe of the apartment dweller’s mind. How could I afford something like that? Where would I feel comfortable living for three decades? Some of the pages on this website are intended to provide basic information about common home ownership. The information here is not intended to be exhaustive and you should be certain to consult with a real estate professional.

We're here to help you ask the right questions and assess what kind of real estate agent you might need. We even provide a bit of information about some of the differences between fixed- and adjustable-rate mortgages. This website touches upon some common mortgage terms and concepts such as loan-to-value and debt-to-income ratios.We hope that our visitors benefit from the basic information on this website concerning the world of home ownership. We hope that even the most seasoned homebuyer will find something new and interesting in these pages.

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