Home Buying in Houston>Question Details

Trulia Houst…, Other/Just Looking in Houston, TX

What are some good reasons not to buy a home?

Asked by Trulia Houston, Houston, TX Mon Feb 18, 2013

Help the community by answering this question:

Answers

4
BEST ANSWER
If the client is not sure of where their future employment might be located. Personal reasons like getting married, picking a future location for schools or other family matters. Other reasons might be as simply as not being familiar with an area or not knowing what type of property they want to buy (single family home VS condo, new VS old, etc)

But the biggest reason is typically financial. If they are truly not ready to buy because they do not have enough money saved up, credit scores are causing them to pay higher than average interest rates or simply not enough time being employed are all good reasons to wait a year or so and make sure they are on solid financial ground before they decide to buy.

A good Realtor will be a great friend when recommending "not" to buy if they see some of these warning signs. Those buyers will typically appreciate our honesty and come back to us when the time is right.

Mark McNitt
m 832-567-4357
Bernstein Realty, Inc.
0 votes Thank Flag Link Mon Feb 18, 2013
Money, convenience, upkeep; life, we are ALL on a different time clocks. Most people KNOW, if still in question, then they should ask us for our assistance.


Joe Cano - Realtor/Locator
(281) 785-5132
joelocator@att.net
Web Reference: http://joelocator.com
1 vote Thank Flag Link Tue Feb 19, 2013
I would not recommend buying a home if you KNEW that you would be moving again in 12 to 18 months or so, unless you would be able to keep the home as rental property.
0 votes Thank Flag Link Mon Feb 18, 2013
Because the Houston rental prices have increased significantly .............
0 votes Thank Flag Link Mon Feb 18, 2013
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2015 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer