I just read this great article at CNN MONEY about the rising prices of houses and home buyers getting priced out of the market. Since we have seen about a 20% rise in home prices over the past year and a half you can bet that some buyers are priced out of the market for the home they may 'want'. However, is this pricing them out of what they 'need'. When purchasing a home, one must ask themselves the difference between what one wants and one needs. It is important to know the difference. Heck, we would all want to live in a 5 bedroom home with a pool, RV access, that backs to a golf course, but is it really what we need? Could we live in a smaller community, maybe a garden home with a small back yard and less maintenance, with a home owners association pool, and still reap the benefits and affordability of a yearly tax deduction instead of paying rent! If owning a home is important to you then the answer is YES! YES, 3 bedrooms is enough, YES the home owners association pool is wonderful without having to run the electricity or maintaining chemicals in it, YES a small yard would incur less of my time and still give me the benefits of entertaining at my home.
Not only that, there are many other options then putting down 20% on a home. You can qualify for a home without 20% down! You can put as little as 3.5% down on a home have a 600 credit score and qualify for a home while keeping money in your pocket!
You will never know if you don't try! If you want to try, please do not hesitate to call me today! I will put you in contact with the best lender to satisfy your needs and we can see how you can qualify now, or what steps you need to take to get into a home in the next year or two!
As well, if you are interested in knowing your current homes value go to www.wendyshomevalues.com and find out how much your home is worth immediately!
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