realtyreport
New Year, New Home?
Another year has flown by, and real estate is still a hot topic in today's market. Have you resolved to make 2011 the year you'll make a move?
When considering if the purchase of a new home makes sense for you at this point, take some time to calculate your current financial status.
Have a look at your monthly expenses. Calculate your housing costs (mortgage, utilities, cable TV/Internet, home insurance, etc.), loans, credit card payments and regular living expenses (car payments, insurance, fuel and repair, debt payments, childcare, food, entertainment, clothing, etc.). Subtract these monthly expenses from your monthly income, and you'll get a rough idea of your day-to-day financial picture.
The next step is to approach a lender, and arrange for pre-approved financing. This will give you a clear idea of what price category you should be considering for your new home, and it will give you a buyer's advantage when putting in an offer for a property. You and your real estate sales representative will now be well equipped to source the homes that fit your needs best.
The market is changing every day, creating new opportunities for homeowners and those who wish to become homeowners. Please call if you're considering selling your property or are thinking of looking for a new one, and let's have a look at the latest developments in the real estate market as they apply to your particular situation. In the meantime, please enjoy a safe and healthy holiday season!
