Juli Doty - Real Estate, Real Advice

Buyers

To Buy or Not to Buy

You are ready to buy a home when you have held a stable job for at least two years, paid your rent on time and saved a down payment.

"To Buy or Not to Buy" also depends a lot on the house:

  1. Do payments on this house fit comfortably into your budget?
  2. Can you afford, while making mortgage payments, to pay your real estate taxes?
  3. Can you afford, while making mortgage payments, to pay your home owners insurance?
  4. Can you afford, while making mortgage payments, to pay for maintenance and repairs?
  5. Can you afford, while making mortgage payments, to enjoy your family and hobbies?
  6. Can you still afford an occasional vacation?
  7. Will this particular house go up in value substantially while you own it? Why?
  8. What could you do to it in the next 24 months to increase that value?
  9. What is happening in the neighborhood where the home is located?

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