Time to Buy? Are You Emotionally Ready?

If you are a renter, how do you know it may be time to become a home buyer? Many experts believe that buying vs. renting is as much of an emotional experience as it is financial.

So, assuming you have a down payment and a solid income when you should buy? To start with it is usually a good time to buy when rent payments are higher than the monthly costs to purchase a home. But that is only start.

You need to be emotionally ready as well. Will your job allow you stability to stay in the same area for four or five years or more? Is home ownership a part of how you see your future unfolding? Are you ready for the responsibilities of home ownership? How ownership provides a sense of independence and can be a good long term investment. If you are not ready emotionally however, it may not be the best choice.

I am Karen Spechler and I understand that there is much more to the purchase of real estate than how many beds and baths a home has. No matter what stage of consideration you are currently in, I can help. Make sure you work with a real estate expert in Santa Barbara, California. Contact me, I can help.