If you do not have enough money saved for down payment, closing costs and at least two months of mortgage payment saved up.
If you know that you only will be in the house for less than five years, renting a home is more economical.
If you did not have been pre approved by a mortgage lender, you are not ready to buy a house. This should be your first step to know exactly how much money your budget can afford to put toward a home purchase and loan.
Best of Luck,
The best time to buy a home is the time when you are ready, qualified for mortgage financing, you have a good solid understanding of your price range and location and preferred features of the home you want and WHEN you go out there, shop 'til you drop, find a home that meets your needs and a Seller willing to sell at the price you're willing to pay.
That's the best time.
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The worst time to buy is when you CAN NOT BUY unless offers a predatory Zero Downpayment 'opportunity'' or you walk into the lobby of Chase, Bank of America, or Wells Fargo. Let's face it, YOU ARE NOT READY TO BUY if you have no downpayment. This is therefore a BAD time to buy becuase there is certain calamity in the future.
If you do have the downpayment, the next step is understanding the purchase objectives.
Then comes negotiating the right price, terms and conditions.
It is not until the process has completed that right or wrong can be determined and each determination is dependant on the goals and expectation of the buyer.
If that's too compiicated, then Spring is better than January.
Best of success,
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, Fl
MOST of the time it is a GREAT time to BUY....JUST so you pay a FAIR price and do not over pay.....just so you can get the financing or can pay cash.....JUST so you know what you are getting into.....JUST so you have a home inspection or know a great deal about building, condition, etc. JUST so you contact HICKORY an or me, DONNA.....we will make sure you know the GOOD, the BAD, and the UGLY of each property you consider.....we assist home owners, home buyers, investors......contact us......looking forward to assisting those interested in REAL ESTATE!
(904) 732-PACK (904) 732-7225 email@example.com