Are you ready to buy a home? Becoming a homeowner is not that easy! There are a lot of factors you need to think about before moving further in the process in buying a home.
This Q & A session will help you find out whether you are ready to face the challenges in the home-buying process or not.
Q1. You finally found the dream of your house. Are you ready to place an offer?
Yes – It’s the reason why I’m reading this blog.
No – Was looking for something to read and found this blog’s title interesting. (This indicates that you are not mentally prepared to buy a home for sale in Oakland County, Michigan. It would be better to go with a rental property for now.)
Q2. The area in which you are currently living in, do you plan to settle here?
Yes – I plan to live in this area for quite a few years OR I am not sure about the neighborhood here and I might move two to three years from now.
No – I might get bored and since I consider myself a free spirit, I will go wherever the wind takes me.
Q3. What are your plans for the future… say 4 to 6 years from now?
Yes – I have mapped out my professional and personal life and I plan to follow the timeline.
Not Sure – I don’t even plan about what I am going to do next in the day! (Life has a way of throwing curve balls and sometimes you need to go with the flow.)
No – I am not ready to make any big commitments, which probably means I will be more focused on my professional life.
Q4. Are you happy with your job?
Q5. Are you planning to continue with the same job in the future?
Yes – My current job pays well, so much so that I am able to spend occasionally on material things and pay my bills. I am still left with enough to put a few hundred dollars in my savings account.
No – I am always on the lookout for a better job that pays more.
Q6. After answering the above five questions, do you still want to proceed with buying a home for sale in Oakland County, Michigan?
Yes – I am confident enough that I can make it.
No – I need to rethink my decision.
Q7. Are you ready to be a homeowner?
Not at all! It sounds too much like a burden.
Q8. Have you saved enough money for the initial home-buying fees?
Yes – I have saved around $1,500 and in case the process costs more, I have an emergency fund that will take care of the rest.
No – What? I thought that the mortgage loan I would get will cover it all. I don’t have enough saved and with all those bills over my head, I think I won’t be able to save for quite a while.
Q9. Are you financially secure?
Yes – I have saved enough that I can live comfortably, in case I am out of a job.
No – I tend to spend a lot.
Now count how many yeses did you tick and you will know the answer to whether you are ready to buy a house or not. Before buying a home for sale in Oakland County, Michigan, visit Homes2MoveYou. Get in touch with a real estate agent and get the house appraised from experts.