Photo by Fizkes via Shutterstock
Few things are more exciting than buying a house and making it your home. Knowing when it’s the right time to buy derives from your personal circumstances, but some external elements and market realities affect when it’s right to buy too.
Here are some of the things that can affect your decision to purchase a home, and the timing to do it.
If any of these are true, you may be financially ready. When making any financial decision—especially huge ones such as buying a home—it's essential to contemplate the reason behind your decision. What do you believe a home provides you? How does it fit into your future goals? Are you willing to tie up your funds in a non-liquid investment? Are you prepared to handle the maintenance? Do you have time for upkeep?
When you feel positive about your answers, reach out to your agent for advice, and to start looking for your new home.
Meg & Loudoun County: Back in 1993, we moved here from Pennsylvania, thinking we'd stay for a year or two -- well clearly, Loudoun is "home" now! In the past, I was a broadcast advertising rep (Philly market) and an at-home mom, until 2000, when I jumped into the real estate business. Even with all the ups & downs, I've loved this business (& especially my clients) ever since!