You’ve saved for a down
payment. You’ve pored over the local listings for months. Touring open houses
has become part of your weekend ritual. But months, perhaps years, have passed
and you are still in your rental.
For many first-time
homebuyers, pulling the trigger on a purchase can be a frightening experience.
Will you be happy there? Will you like your neighbors? Will you be tied
down—house rich and cash poor? What if you lose your job? Will you hate your
commute? In short, your fears stem from the unknown.
Meanwhile, your current
home is familiar. You’ve come to accept its shortcomings—the loud neighbors,
the leaky ceiling, the scant street parking. It has few surprises.
Take Paolo Forte, the
eternal condo-shopper, who looked for years in Boston.
“I have actually seen
condos come on the market, sell, and then be resold a second time,” Forte said.
“While I’ve been waiting, condo prices continue to rise, and I keep spending
more money on rent.”
In Betsy Townsend’s years
as a REALTOR® in Boston’s pricey Beacon Hill, she’s seen everything.
“I find that people often
hesitate to make the ‘biggest purchase of their life’ because they fear they
will make a ‘bad investment’ and pay too much,” Townsend said. “Sometimes
people lose sight of the fact that they are looking for a place to live instead
of just an investment.”
Still, there’s hope. Your
family, friends and co-workers took the leap and are reaping the
benefits.
Check out the full article
and give these steps a try and you could be one of them:
http://www.realtor.com/advice/trouble-pulling-trigger-tips-making-move-home-ownership/
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