We all like pretty properties! But there’s no point in falling in love with a dream home if you can’t afford it.
Look beyond the physical aspects.
Fixtures, finishes, paint, etc. can all be updated. Think about the other reasons you are interested in a home. Neighborhood, lifestyle, commute, etc. all play a big role in your long term commitment to your home.
Take your time and complete your due diligence. Things like home inspections and appraisals are a must!
If you need someone to guide you through the process, send me a message.
There’s a lot of factors to think about when deciding to rent or buy. Consider things outside of your monthly bills like your responsibility to maintain the property, and keeping cash for unexpected expenses. In my opinion, those trade offs are worth it for the value of appreciation over time, building equity, and personal wealth. If rates have you worried, remember that they 𝘊𝘈𝘕 come down. If that happens, you can refinance to lower your monthly payment… but rental rates– rarely decline. 𝐒𝐨 𝐰𝐡𝐚𝐭’𝐬 𝐭𝐡𝐞 𝐩𝐨𝐢𝐧𝐭? Ownership provides price stability that renting does not. And while renting has its purpose, remember that home ownership has long term upsides compared to the short term benefits of renting. Ultimately the decision to rent vs buy is more than just a financial one, but if you’re ready and able to purchase, don’t let rates get you down! 𝐇𝐚𝐯𝐞 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐚𝐛𝐨𝐮𝐭 𝐡𝐨𝐰 𝐭𝐨 𝐛𝐮𝐲 𝐭𝐡𝐢𝐬 𝐲𝐞𝐚𝐫? Let’s chat. I’d love to help.
Your Palm Harbor Realtor,
The Fazzini Group | ReMax Realtec 727-488-7032 Kelsi@fazzinigroup.com
Here’s the thing… mortgage rates rose dramatically in 2022. That was due to the federal reserve trying to bring inflation down. While there are some signs that inflation may be slowing… where the market goes from here really depends on the Fed’s ability to get inflation under control. Good news is, if inflation continues to fall like we’ve seen lately, mortgage rates likely will too. (Anyone else see those rates dipping into the 5% range??) It’s safe to say, we all want stability and predictability right now… I’ll keep following the latest trends to keep you updated on what’s going on. Remember if you have questions about buying or selling a home this year you can always reach out to me!
Your Palm Harbor Realtor, Kelsi Ward
The Fazzini Group | ReMax Realtec 727-488-7032 Kelsi.Ward@Remax.net