Deciding to Buy

Purchasing a home is probably the biggest financial decision you will ever make. Whether this is your first purchase or you are moving on to a different home that better meets your needs, this decision must be made carefully.

1.1 Why Do You Want To Buy?
Are you tired of paying rent? Have you outgrown your current home? Would you like a larger yard? Would you rather live in a different area? Do you want to shorten your commute? Having a clear sense of your reasons for buying will help you choose the right home.

1.2 Has Your Income Changed?
Home ownership can be a very good investment. As you pay down the principal part of your loan, you are building equity over time in addition to any market appreciation on your property. Or maybe you’re ready to downsize to a smaller home, townhouse or condo/co-op.  Downsizing can help you reduce expenses, generate retirement income or simplify your lifestyle

1.3 Can You Afford To Buy?
Experts recommend spending between 33-40% of your income on housing. The tax benefits of home ownership can provide a considerable advantage over renting. [rent vs. buy calculator.] [tax benefits info or calculator]

For more information on buying a home in our area, contact us at 908-522-3870.

"It's All About You. And Your Home."