The best time to buy a home, frankly, is when you can afford it. Don’t try to find that perfect time when mortgage rates and home values are in that perfect sweet spot. They’re almost impossible to predict. If you find the home you want and you can afford to, buy it — with my help of course!
When you find that home, consider these money-saving tips:
- If you plan to resell your home in the future, don’t buy the biggest or most expensive home in the neighborhood. They usually appreciate the least and are harder to to sell. The smallest or least expensive home on the block often appreciates the most!
- Ask about property taxes, HOA fees, utility costs and other expenses.
- Get the home inspected before purchasing. The cost is nominal compared to the expensive consequences of not knowing what problems the house might have.
- Don’t make any large purchases or open a new credit card in the few months leading up to your home purchase. This might affect your credit rating when applying for a home loan.
- When you make an offer on the home you want, look at comparable properties on a price-per-square-foot basis.
- Call me to get the best negotiating power to buy the house of your dreams!