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Buying or Selling a Home/Should we buy or keep renting?
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Question
My husband and I were just married a couple of months ago and paid for the whole wedding ourselves, everything is paid off but it left hardly anything left in our bank accounts. Right now we are living in an apartment and the lease is up in October. We know that this is a great time for first time home buyers but we're not sure if we should rush into anything if we don't find a house that we both love. We have some money saved up but to buy a house we would have to see if the seller would pay for any closing costs. Our question is, should we buy now or should we just wait a year and keep renting an apartment to save up more money? I know that they might have some kind of thing for first time buyers next year but I'm going to guess it isn't as good as the 8,000 they are offering this year. We can't get any kind of aid to help with the down payment or anything because we make more than the income requirements. We are kind of stuck on what to do. If you could give us your opinion it would be very appreciated! Thank you!
Hi Hillary,
Congratulations on your wedding... that is exciting news!...
On the buying of your first property... DO NOT RUSH... never make snap decisions unless the deal is toooooo good to pass up.. and only through educating yourself will you know that ... understand the area you are trying to buying, consult with a local realtor who knows the area... and will work with you as YOUR Buyers Agent!
You will qualify for the UP TO $8,000 credit that is being given (the actual dollar amount depends on the actual purchase price)
My suggestion... do your homework, find a competent realtor to work with, and save save save your money so you show some strength in the financial market.
Remember the time is only right when the time is right... oh and keep your credit squeaky clean, no lates, missed payments, judgements, collections... the higher the score the better when you are purchasing real property...
Good luck... e-mail me if you need a referral agent in your town!
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Connie Wildasinn-Broker,GRI,RealtorŪ
Expertise
Broker,GRI,RealtorŪ, Investor since 1979. Buying or Selling Residential and Income/Investment Properties, How to understand the process, how to negotiate through the transaction, What to Look for - But more importantly 'What to lookout for!', How to tell if the time is right - or hold on and wait. Why not to listen to your friends and even your family members, Who really has your best interest at heart?. Understand why any market is a good market and how to spot a good investment for you! If you are looking in California.. check out my website www.MetroCalBrokers.com and if you need assistance in a neighborhood I don't service, I will locate a local agent to that area who actually knows their profession and can assist you in your needs!
Experience
4th generation Realtor in the real estate business, I have helped for over 2 decades clients buy and sell, I am the owner of a local brokerage in the Los Angeles /Long Beach area, and have been a top producing agent in the area since I became licensed. Working through a deal is different to every client, no two people or deals are exactly the same. Knowing how to bring professional advise to the table with clear and concise understanding of real estate world. I can help you handle your buying, selling and investing, managing a 1031 Exchange, working with Equity Sales, Probate, Pre-Foreclosure Regular and Short Sales there is little that I have not seen come across my desk over the decades!
Organizations
NAR,
CAR,
WCR,
ABR,
e-Pro,
GRI,
BKBIA,
CHNA,SSG
Publications
Broker Agent Magazine
Long Beach Business Journal
Long Beach Press Telegram
Signal Hill Tribune
Grunion Gazette
All Experts
Zillow - Lead Agent - Advise Expert
Truila - Advise Expert
Education/Credentials
Broker-owner,
RealtorŪ,
GRI,e-Pro,
SSG-Short Sale Certified
Awards and Honors
Managing Broker for MetroCal Brokers. We merged my old brokerage with MetroCal this year, and we look forward to expansion and growth moving forward. We currently employ 30 Realtors and growing.
15 years running top selling agent in Long Beach, South Bay area California.
Top Producer 5 years straight Re/Max, C21, Realtyworld.
Past/Present Clients
upon request = or check out our website www.MetroCalBrokers.com and check the Testimonials section!
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