Nine Signs Now is the Right Time to become a Homeowner, By David Carr; CT-REALTOR Est.1996
1) You have established a Career and/or Consistent Verifiable Income History.
2) Your Debt to Income Ratio (which is your loan/revolving credit monthly minimums not counting rent) is under 35%.
3) Your credit report demonstrates accountability and responsibility.
4) You have some savings to provide a safety net, or pay closing costs. Some loans allow 100% down with 3-5% added for closing costs (You get an escrow savings account of six months taxes as part of your closing costs). I can show you how to shop Loan Costs, possibly saving thousands of dollars.
5) You like the community you live in and want to make a commitment to have a life here. Living is more than having a place to sleep and store your stuff, it’s about making a place your own, making memories staging the theatre of your life. You will get to know people are in it for the long haul, committed to making their corner of the world better for themselves, their neighbors and their family.
6) You recognize #HomeOwnershipBuildsWealth. You understand after 30 years of paying rent you will have nothing to show for that money. Using that same monthly shelter money to leverage a real property purchase is an investment that can deliver the Multiple Values of Home Ownership, and give you something you own, can sell or leverage in the 30th year or before.
7) Your housing market is comparably or undervalued. By discerning a menu of static variables, we can evaluate historical appreciation and comparable market values.
8) You want creative license to live life on your terms, not the next wall or downstairs neighbor’s. As a homeowner you will decide how your home looks and feels.
9) You enjoy learning and trying new things. You new home has a range of systems and elements you can maintain and improve. From painting to floor covering, interior decorating to landscaping, gardening to pet care, you new home will be all yours to learn about, care for, and enjoy. Personally, I have relished the opportunity to become a good tile setter, painter, vegetable farmer, woodworker, plumber, and landscaper. There is a lot to be said for the satisfaction that comes from the successful completion of a home project
Copyright©2019 by David Carr. All Rights reserved.
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