August 27th, 2014
For some people, buying a home remains their American dream. They want the stability and comfort of a place they can call all their own. But, since the recession, the job market has remained a tough place and many consumers aren't as sure if it's the right time to make such an important financial decision. Many questions come up when home buying becomes an option: How much can I afford? Do I have enough saved for a down payment? What kind of mortgage should I get?
Before potential homeowners connect with a real estate agent and take the plunge into house hunting, they should first decide if they're ready for the real estate commitment. Here are numerous ways to know you're ready:
If you answered no to one of these questions, you should think carefully before shopping for a house. Some of these factors are less important than others and can be overcome, but to truly be in a good place to purchase a home, you should answer yes to all of the statements.