Location, location,...vocation?
The trouble with this real estate market is not that there aren't enough homes, but just not enough in areas that are desirable. So following the old rule of "Location, location, location" people start extending their budget an start using creative financing method to get into that dream home. Here are some thing may want to consider before taking the plunge.
1. Your first home shouldn't be your dream home.
2. Adding a room/bathroom isn't that expensive to a smaller house, as compared to buying one with it.
3. If you get ARM loan, don't fall for the trap that the loan agent tell you "You're going to be making more in 5 years, so int. only is a good idea today." According to whom? Remember its a loan agent not a fortune teller.
4. With these gas prices try to stay close to your job, you'll be amazed how much happier you'll be with a shorter commuter.
5. This may not always be possible, on a map use your job address as a center point, draw a circle from that point using your willingness to commute as a radius. See what neighborhoods you like and start your search there.
Your jobs is a big factor on where you live and what you can afford. That is a tacit statement but most peole tend to forget that when buying homes. So before you consider your home, consider how you feel about your job first.
1. Your first home shouldn't be your dream home.
2. Adding a room/bathroom isn't that expensive to a smaller house, as compared to buying one with it.
3. If you get ARM loan, don't fall for the trap that the loan agent tell you "You're going to be making more in 5 years, so int. only is a good idea today." According to whom? Remember its a loan agent not a fortune teller.
4. With these gas prices try to stay close to your job, you'll be amazed how much happier you'll be with a shorter commuter.
5. This may not always be possible, on a map use your job address as a center point, draw a circle from that point using your willingness to commute as a radius. See what neighborhoods you like and start your search there.
Your jobs is a big factor on where you live and what you can afford. That is a tacit statement but most peole tend to forget that when buying homes. So before you consider your home, consider how you feel about your job first.
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