Home Buying Tips: Series 1

Purchasing your first home is a big step, that comes with some very serious decisions. Many homebuyers are intimidated by the process, and continue renting much longer than they should, or need to. However, if you break the homebuying process down into these simple steps, and follow these important tips, you will find the process less intimidating, and much more manageable. This week I will share 7 tips to help you along the way, here is the first:

1)Before You Begin, Ask Yourself One Question Will you live in your next home for at least 3 years? If the answer is Yes, you should probably purchase, rather than continue renting. With average appreciation, youll break even on your closing costs after 2 years, and start making money at year 3. Every year after that will put more money in your pocket! The most expensive aspect of real estate is buying & selling, so the longer you can live in the home the better. However, purchasing makes sense if you can make as little as a 36 month commitment. By:Eric Bramlett