Buying Your First Home

Buying your first home doesn’t have to be as scary as it seems. Here are some fears and facts about buying your first home taken from “Your First Home by Gary Keller, Dave Jenks, and Jay Papasan”

Fear #1: I can’t afford to buy a home now.
Fear #2: I should wait until the real estate market gets better.
Fear #3: I don’t have money for the down payment.
Fear #4: I can’t afford to buy my dream home.

Do any of these sound familiar to you? Well to ease your spirits, let’s take a look at the facts.

Fear #1: I can’t afford to buy a home now.
Fact: There is always a home that you can afford somewhere and the earlier you buy the more you can benefit from being a homeowner such as equity, appreciation and tax savings.

Fear #2: I should wait until the real estate market gets better.
Fact: There is never a wrong time to buy the right home. It’s not the short-term benefits that matter, but the long term investment.

Fear #3: I don’t have money for the down payment.
Fact:  There are many down payment options available.

Fear #4: I can’t afford to buy my dream home.
Fact:  The best way to buy your dream home is to buy your first home. Buy that first home and start building equity.

So before you completely discount buying a home, think through all your fears and talk to a professional who can guide you and help you make the best possible decisions for your life because maybe your fears are the only things stopping you from achieving what you want.