Buying a House-Ask Yourself These 3 Questions First

Buying a House-Ask Yourself These 3 Questions First

Buying a house is everyone’s favorite “American Dream”. People save for years, so that they can live comfortably and secure their future. Today, the real estate market is quite unpredictable. The demand is on high and the supply is less. Sellers are facing too much competition and are taking different tactics to market houses.

The current real estate trend requires you to do your homework before browsing the market. Jumping the gun will cost you extra and unbiased advice from friends and family. This might force you to take the wrong decision, which is why it is important to proceed with the home-buying process with a real estate agent by your side.

So, before buying a house, ask yourself the following three questions:

Q1. Why Have You Decided Now in Buying a House?

For a minute, set aside your finances and focus on the other reasons of why you are buying a home for sale in Oakland County, Michigan.

  • You no longer feel safe in an apartment.
  • The landlord is unbearable.
  • Has there been a new addition to your family?
  • The school in the area is not good enough for your child.
  • Some of the facilities available nearby were shut down and now you are having trouble.
  • Your job changed and commute is hard to get here.

Narrow down the reason behind the buy and then you will be able to evaluate its seriousness. Making a huge decision such as buying a house is not something you should do on a dime.

Q2. Is the Real Estate Market Going to Crash?

The housing market right now is buyer-friendly, which gives you the opportunity to buy a great home for sale in Oakland County, Michigan within your budget. This window is quite important and must be one of the reasons behind why you are buying a house. In 2017, the housing market went up by 5.8% from 2016. Right now, the market is stable but according to the National Association of Realtors (NAR), it will reach alarming levels by the end of this year. So, unless you want to look for change under your couch cushions, better check out the real estate market trend before buying a house.

Q3. Is the Mortgage Affordable for You?

The house-buying process can become quite confusing and difficult, if you are not working through a real estate agent. The long term cost is something that will haunt you even after years of buying the house. Even a 0.5% increase in the interest rates can set you way back on the monthly payments. This is why it is important to consult different lenders and find the perfect mortgage loan plan that you will be able to pay within 20 to 30 years and without going into debt.

Our final word of advice is that if you feel it is the right time for your family and you to buy a house then you should go for it! If you want to buy a home for sale in Oakland County, Michigan that falls under your budget then visit Homes2MoveYou. Get in touch with a me directly 248-790-5594 and start seeing houses in areas of your liking.

 

Dream, Martin Luther King, Jr & Real Estate

Dream, Martin Luther King, Jr & Real Estate

Fill in the blank…“I have a _________…”I’m about 100% sure I can guess what word you chose. Was it dream? Good chance it was. We all know this line from Martin Luther King, Jr.’s famous speech. So Dream Martin luther King Jr photowhen we hear those first three words, it sort of naturally comes to mind. But what many people aren’t aware of is how much he affected the lives of real estate agents, buyers, and sellers. It was his death that gave Congress the last push needed to pass the Fair Housing Act, back in 1968. It’s pretty involved, so I won’t get into it all here, but to put it simply…

This was put in place to ban racial discrimination in housing. You can’t be refused the rental or purchase of a house, based upon your race.

Seems simple enough to most people now. A given, if you will. But it didn’t happen overnight. And believe it or not, it still can and does come up.

But guess who’s a big part of making sure this Act is followed…

On the front lines, it is people like me. Real estate agents. We’re tasked with making people aware that discrimination based upon race (and many other things) are not acceptable, and we must refuse to work with anyone who wants to do so.

And I am proud to be a part of this ongoing history.

Just figured I’d take this appropriate moment to pay him some respect, and give you some insight into how much more responsibility a real estate agent has than meets the eye.

That’s all for now…

…and may your dreams come true,

P.S. While my dream of helping people find their dream home is certainly not comparable to Martin Luther King’s dream…

Owning a home has become a huge part of the American Dream.

Please know how seriously I take this career. And how much heart and soul I put into helping people find their dream home.

If you know anyone dreaming of finding a home, please have them give me a call… I’d love to be a part of helping make their dream come true.

(Or maybe you even have a dream we should talk about…)

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