Friday , November 24 2017
Home / Lifestyle / What’s best for you

What’s best for you

Am I ready to buy a home now? Do I need to sell my house and buy a new one? I usually get these questions from confused buyers and sellers. My answer is always “What’s best for you?”

We start to write down all the facts and figures, needs and wants, to find out if the buyer or the seller have everything figured out and have made the decision in their mind.

For buyers; it is much easier to decide once you are approved for a loan and monthly terms are affordable based on your monthly income. Who will not get excited to buy your first home? Not everyone gets approved for a mortgage loan even you have an above-average monthly pay. It is your combined financial capability: salary, credit score, history, debt to income ratio. If you get approved; there is no reason to wait or procrastinate. Not everyone is blessed to have your financial status so why wait? You worked hard to maintain that status; use it on your advantage. You have no idea how many people out there wanted to buy a home but they cannot be approved for a loan.

On the seller’s side; there is much more that goes into the decision. They have to prepare the house; sell it first before looking or submitting an offer for another property. Everything has to be coordinated, but leave that to professionals as they are trained to coordinate all those stuff. You are not the only one. In fact, most transactions are just the same as to selling and buying your new home. Is it time for you to sell?

Consider the following factors: Your life has changed. You have a growing family and the two-bedroom condo is no longer comfortable. You need more space and privacy. That’s a no brainer. You have a new baby or mom moves in, for example. You might have accumulated more stuff through the years. You got a new job. You need to be closer to your work and not spending too much hours at traffic. Your financial situation has changed and now you want to upgrade from what you own. It could be from a condo to a townhouse; or to a much bigger house. You are thinking of a good investment through the years and grab the benefit of tax credits.

On the other hand, you own a big single home but kids are off to college or have their own place, got married or moved out. No need for extra bedrooms and big basement. It makes sense to downsize. Simply, it is too much home to manage. Smaller homes are cheaper as to management, less maintenance and utilities of course. It is wiser to sell the big home and maybe pay cash for a smaller one. It can still be a mortgage loan but dramatically less monthly payments. Usually when this time comes; you are retiring at the same time. You are getting old and no energy and stamina to maintain the big house with all the yardwork and home fixes every now and then. Your interests are different now. You just want to relax and your lifestyle has changed. You want more time doing stuff you have been wanting to do or just simply relax.

Moving is a lot of work but it comes with a lot of advantages: Lower bills; more or less space whichever meets your needs for the moment and in the near future. Our lives are always changing and we have to make the most of it. Sometimes all we need is a new place, a new environment. A new home is a new start and a new chance to find happiness. Simplify your life.

Note: Jocelyn Porteria is a Realtor® licensed in VA. Top Producer of Fairfax Realty and earning Five-Star Reviews on ZILLOW from her clients. She is a Certified Expert Negotiator and also earned a designation as an Accredited Staging Professional; ABR, Accredited Buyer’s Specialist; CDPE Certified Distressed Property and Short Sale Expert, for more info, visit her website at www.jprealdeal.com and on Facebook https://www.facebook.com/realdealconsulting. Call her at 571-432-8335 or email at realdealconsulting@yahoo.com for free confidential consultations.

 

 

 

Check Also

Marawi on one’s mind

MANILA I don’t know Marawi City at all. But one doesn’t have to know Marawi ...

Leave a Reply

Your email address will not be published. Required fields are marked *