Are you debating on whether to buy or rent? Both decisions are important and should be thoroughly thought out.
Take some time to think about your wish list and write it down. Be sure to include your spouse, children, parents etc. You want to make sure everyone is on the same page before the house hunting journey begins.
Remember to research any and all things that are important to you prior to house hunting which includes school zones, neighborhoods, etc.
Don’t wait until the last minute! Don’t overwhelm yourself with trying to look at 12 properties in one day. You want to take your time viewing each property.
Stay within your price range and consider added expenses such as taxes, home owner’s association fees, maintenance, etc.
Is It Better To Rent Or To Buy?
Interest rates are slowly climbing. The cost of borrowing money right now makes home ownership cheaper than renting in many cases. What do you think happens if everyone continues to rent because they are afraid to buy??? Rents continue to skyrocket. Investors know this, that’s why they are buying everything they can now, so they can rent it to you at an inflated rate later.
Not Ready to Purchaser Right Now, no worries! If you are planning to purchase next year and want to clean up your credit, I can help. You can have a free copy of your credit report mailed directly to your address. Take a look and make sure everything listed is correct. Contact me for more information on credit repair. I am not a credit repair specialist; however, I can connect you to some incredible local Huntsville, Al companies.
Locate your last 2 or 3 years of tax returns. Mortgage companies will need a copy for your loan.
And most importantly, SAVE YOUR MONEY!!! Purchasing a home comes with expenses such as home inspections, termite inspections, etc. You may also have a down payment or closing cost. Meet with your lender today to see if you are pre-approved. If not, no stress. They can help you prepare now to buy later.
Thanks for reading!