Reality Check List for First Time Buyers

While affordable housing prices, ample inventories, and historically low interest rates signal ‘buyer’s market’ for investors or move-up buyers in many U.S. markets, inexperienced first-time buyers may not know if the time is right to make a move into real estate.

“It’s not about timing the market. It’s about time in the market,” says Steve Berkowitz, chief executive officer at Move, Inc., a leader in online real estate. “Once you know how long you expect to own a home, look at the historical value performance of properties in the neighborhood. Be confident about your own job security, down payment resources and tolerance for upkeep, as well as the lifestyle you want today and in the near term. While homeownership may not be for everyone, it is the right choice for hundreds of thousands of people. Today’s housing market, especially for first-time buyers, makes it almost impossible not to think about the possibilities.”

To help first-time buyers know if they’re ready to look for the home of their dreams as we head into this year’s home-buying season, the experts at Move have created a ‘reality checklist’ designed to help them decide if the time is right. 

Click below to learning about getting your financial house in order before you jump into the market.  This will keep you from falling in love with a home that you cannot afford to buy.  All of my buyers receive a customized buyer training in my home office where we talk about the market for the price range of the home they are looking to buy and strategies to get their offer accepted.  This takes place after my partner, Rudy has prepared their loan pre-approval.  Doing things in the right order saves you time and money and puts you ahead of the competition in the long run.

http://ftemerson.wordpress.com/2011/03/18/first-time-home-buyers-prepare-for-best-buyer%e2%80%99s-market-in-recent-history/

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