Are You Ready to Buy?
Are you REALLY ready to buy or are you just looking right now? While may be thinking you are ready, your behavior may suggest the time is not quite right. Answer these questions to see if you are prepared to buy…emotionally, psychologically and financially.
- Will you be paying cash or have you arranged for financing?
- Do you have a house or condo to sell? Do you have a lease you can break or are you tick for an extended period of time?
- If you went out today and found your dream home, what would you do?
- Do you have a good idea of what you are looking for and what you are willing to trade off?
- Why do you want to buy a new house? Do you have some good reasons (space, financial psychological) for wanting to buy?
- You know yourself better than anyone. Can you HONESTLY say (and look yourself in the face in a mirror!) that you are emotionally, psychologically and financially ready to go? This is a tough one for the first time buyer, and an “unsure answer” or “I’m scared” is perfectly alright.
- How well informed are you about the market in terms of inventory, pricing, marketing time, interest rates, etc.?
A more detailed report on these questions and things to consider can be found on my website and is available for FREE via email.
on December 5, 2006 on 9:28 pm
[...] Make the decision to buy – Are you serious about a making a purchase or “just looking?” Determine your time frame – it may be general or more specific (e.g., if there is a lease termination). And what are the reasons you have decided to buy now? [...]