A common question asked by many folks considering the purchase of a home is always: “Should I buy now or wait a few months to look for market trends and then make a decision?”
My answer to the question differs each time because each family has a unique financial situation, social requirement, 5 year plan, family size, and estimated family income, etc.
That is where I come in and help each family to explore their situation. This has helped them make a decision on whether they should buy in the current market or wait.
Related: Search home in your area
Here is a list of the most common factors that affect interested home buyer decisions:
- First time home buyer?
- Are you buying a second home or selling your first home?
- Age of children if any.
- Total income of all family members.
- Family members, who will be joint owner of property.
- Job stability.
- Number of vehicles / are they paid off?
- Any plan to purchase a new vehicle?
- Type of profession.
- Type of business.
- Will parents be living in the home as well?
- How long do you want to own this home?
- 401K Plan / Investment balance
- Stocks, CD and other assets.
