To Buy or Not to Buy a House
You’re probably hearing conflicting advice when it comes to home buying. While some say a recession is inevitable, others highlight the lowest selling prices in years. However, you should consider the current market conditions as context rather than deciding factors when buying a home. Whether or not the time is right to buy a home depends on your personal and financial circumstances. Market Aside, Are You Ready?
If you feel financially comfortable to undergo the hurdles ahead (with a stellar credit score to match), you should be ready to start looking for a home!
Real estate market aside, the more important question is this: Are you ready to buy a house right now?
Consider some reasons to hold off on buying. While there are plenty of reasons why you should buy a home, there are also countless reasons why now might not be the right time for you. Look at your personal and financial situation and ask yourself:
Assess your finances. Potential homebuyers should be aware of the roadblocks before making any significant decisions. You’ll need to be entirely sure that your funds are ready to take the hit of both a down payment and a mortgage. Consider your credit, savings, and debt when determining your monetary readiness. These three financial aspects decide whether you’ll qualify for a mortgage. For example, those with credit scores lower than 600 will have slimmer chances and higher prices. Meanwhile, your debts can also hinder your ability to qualify for a mortgage if they’re disproportionate to your income. As for your savings, you will need enough money for the down payment, moving costs, as well as possible expenses associated with owning a home. Everything your previous landlord took care of will now be your responsibility. Even new homes have surprise repairs that will come out of your pocket.
• Is your job secure? Have there been recent layoffs in your company? • Are you feeling pressured by family or friends? • Do your finances need some TLC? • Are you ready to put down your roots?
These are just a few issues that can cause a disaster in the home-buying process. You will need to assess your situation and be honest about why you need to buy a home and if you’re financially prepared. GET TO KNOW JENNIFER Whenever you call into a business or walk
saw the toll it was taking on them and wanted to do everything she could to help. Her compassion for others helped her immensely in her previous work experience, and now she’s ready to help people with their estate planning needs. Since joining our team, Jennifer has proven to be a strong source of support for our clients. She keeps their fears and concerns in mind while helping them achieve their goals. She spends ample time getting to know her clients and their specific needs. Jennifer is determined to help our clients leave a legacy they’re proud of. Jennifer spends plenty of time out in nature and exploring the world while away from work. She goes on a family road trip every Sunday and loves hiking through the Smoky Mountains. Jennifer also has a husband and two kids that she absolutely adores. We’re so glad to have Jennifer on our team and can’t wait for you to speak with her if you haven’t already!
through its doors, you want someone to greet you with a smiling face and a welcoming voice. That’s why we put so much effort into hiring the best people for our welcoming team. This past April, we added Jennifer to our team, and in the past few months, she has proven her skills and exceeded expectations while helping our clients. Jennifer resides in Tennessee and graduated from college with a double bachelor’s degree in political science and chemistry. She started law school soon after, hoping to pursue a career in family law, but a death in her family made her put school on the back burner. She went into sales instead and built a long and successful career. The legal profession remained her passion, though. By working with us, she’s getting to combine her passion with her experience, making this the perfect work setting for her. Jennifer’s interest in law started from an early age. She had many friends who went through difficult custody battles when their parents divorced. She
READY TO ASSIST WITH A SMILE
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