Are You Ready To Buy A Home?

Are You Ready To Buy A Home?

Are you ready to buy a home?  You have always heard buying a home is a good investment and a wise thing to do but is it right for you?  Even if you want to buy a home are you necessarily ready to buy?

Buying a home, in my opinion, is a great thing generally in a person personal life but also financial.  However I will be the first to state it is not for everyone, you much be financially ready and prepared to maintain it once you own it. 

How confident do you feel in your current job, career field and your marketability to be employed?  This is something you much ask yourself because if you are not confident in either of these then you may think twice before purchasing.  When you purchase you are committing to a long term loan, so being prepared to pay that over the long term is important, having confidence in your job which is your income source is extremely important.

Have you saved up money for a down payment, closing costs, moving expenses, and possible maintenance issues?  All these are important to keep in mind, as you want to not only be able to buy the home but also maintain it for the long term.  Remember there is no maintenance person you can call anymore you would know be in charge of that.  Also find out how much money you will need to bring to closing if you were to buy a home and have that ready.  Remember you can do down payment assistance programs and get gifts funds from family but it is best to figure that out ahead of time instead of at the last minute.

How is your credit and is it good enough to qualify for a loan?  There are loan programs for people with all sorts of credit scores so your chances are good but you still want to know where you stand.  I always strongly recommend to speak with a loan officer to gauge where you stand and inform you of your options.  If you don’t qualify then find out why and get a plan in place to get you qualified in the future.  Credit is very important so knowing where you stand is important to determining if you are ready to buy a home.

All these items are more financial, how about personal?  Will you want to stay in a particular area for a long time or do you want to move away in the near future.  Remember buying is for the long term so take that in to account. 

Being ready to buy a home is all different to everyone especially with the personal side of the equation.  I can help you with the financial side but I feel the personal side is very important as well. 

With a heart of a teacher I look to educate my clients about the process of buying, selling or renting real estate.  I strongly feel an informed and educated consumer will make better decisions and be less likely to be taken advantage of.

Have questions about this or other topics, don not hesitate to contact me.

Don’t forget to “LIKE” this video and be sure to Subscribe to my YouTube Channel as well.

Luis Cuevas, Realtor®

RE/MAX Cross Country

1990 Justin Road

Highland Village, Texas 75077

(214) 783-0535

Check out my website for more helpful tips:

Subscribe to my YouTube Channel:

Follow me on Facebook: