A First Time Home Buyer Perspective - Part 2

Remember these KEY TRUE facts:

4. They want mobility

In most cases, owning a home provides more ability to move than renting an apartment! Although in a buyer’s market, it may take longer to sell your home, you have the flexibility on the pricing and marketing of your home. With an apartment, you will have a year’s lease which is difficult if not impossible to break.

Over the past decade, homeowners moved very 4-5 years. Mobility is not the issue. A sense of community and establishing family “roots” become overriding factors. Homeowners will move within a community and gravitate to a certain school district, a location or a home style. Owning a home does not restrict your mobility.

In a seller’s market, you can sell your home without difficulties if priced right and in good condition. We sold our home in New Jersey in ONE HOUR!

5. Housing industry is not stable

The housing industry and home prices have always been sensitive to changes in the economy. The previous four recessions (2001, 1989, 1991, and 1973) affected housing prices along with other industries. The great recession of 2006 – 2008 was a direct result of housing issues precipitated by government’s lending and financial practices.

I have worked in the housing industry for a long time and housing always recovered from recessionary forces quickly and home appreciated over the long term. Housing is stable over the long term – just like the economy. You have to hang in there during the roller coaster of the economy.

6. Not willing to accept responsibility of owning a home

Owning a home is more than just a financial decision. Accepting responsibility for yourself, your family and your actions is what drives us. If you do not want to accept responsibility and let government control your life, you shouldn’t buy a home! Rent and let someone else dictate to you what you can and can’t do. OR own a home and be a part of the American Dream.