How To Know When NOT To Buy A House!
Becoming a homeowner is a great life goal. However, that doesn't make buying a house always the right move!
Committing to a home purchase is one thing, but knowing when you're actually ready is more important. For our long form video this month, we are explaining the top 3 things that indicate if you aren't ready to purchase a home!
What are the three things that indicate if one isn't ready for a home purchase? Here there are:
- #1: If you doesn't plan to live in the home for 3-5 years
- #2: Lacking on personal budgeting (not coming out with a positive amount after mortgage payment & other bills/expenses)
- #3: No savings for the home itself (if any emergencies occur/anything needs to be fixed)
Ronnie dives into each reason and explains why they matter so much when it comes to determining if purchasing a home is a right fit for you! If one of these reasons apply to you, don't feel discouraged. We are here to educate and make you more prepared as a potential homebuyer. By following our tips, you can improve your current standing and create a better environment for your potential purchase in the future!
If you want to learn more about the home buying process, make sure to check out our educational blog posts! Our content is here to help you become more knowledge on the real estate and mortgage industry!