«

»

Jul 24

Buying a Home? Don’t Let Fear Get in Your Way

family-houseA story about a young couple just buying their  first home…

Recently I heard a story about a young couple who were about to close on their first home. They were riding the wild roller coaster of current mortgage rate swings and were not happy about the mortgage process overall. Yet, when the conversation shifted to finally living in a home that they own, their disposition changed dramatically.

A smile would come across their faces as they talked about decorating their son’s bedroom and how much he will enjoy the backyard. They talked about inviting friends over for dinner and their family over for the holidays. The more they talked, the more excited they became.

Many friends buying their first home?

When asked if many of their friends were also buying, the answer was that they were not. Why not? Their friends believed that home ownership was financially unobtainable right now. Many wanted to own, but thought they couldn’t afford the monthly mortgage payment.

Their friends had decided to rent instead.

Afraid…

It was pointed out that, with interest rates and prices where they are today, owning a home might not be any more expensive than renting one.

The couple had agreed but said their friends were afraid; afraid they might not qualify for a loan, afraid to handle negotiations with a seller, afraid of the home buying process itself.

Wow!

People should not make decisions out of fear!

I’m not saying that every young person should own a home. I am saying that anyone that is qualified and wants to buy should not be afraid of the process. I realize the process may seem daunting but realize over 10,000 homes sell every day in this country!

Sit down and discuss your goals with professionals from both the real estate and mortgage industries. Get the facts. Make an informed decision.

Don’t let the fear of the unknown prevent you from living the life of your dreams.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>