This article is a bit long, but if you’re a first-time buyer, or even a repeat buyer, this is well worth reading. It comes from Tara-Nicholle Nelson, who blogs for Trulia. We live in an era where a Facebook post of a few sentences is the extent of our attention span, but if you’re actually making what is probably the largest investment of your life, you might want to actually spend 3 minutes to read a little further. Tips include “the market is the least important factor you should consider when deciding whether and when to buy a home,” “Working with a mortgage broker referred by your real estate broker or agent may save you money,” and “your family and friends can cause you to lose your dream home.” I love that last one—it seems right now everyone has that expert in the family, the person who has owned maybe one home their whole life but knows much more than the agents who sell 25 a year.
Buying a home is not a discrete event; it's a process - a sequence of events that happens over time, sometimes over as long as several months or even years! While general guides to buying a home are a dime a dozen, I'm excited to share with you some insider secrets you may not have heard elsewhere - one for each stage involved in buying a home. Here's to helping you make the best decisions at every phase of your homebuying process!
Stage One: Deciding Whether It's The Right Time to Buy.
Insider Secret: The market is the least important factor you should consider when deciding whether and when to buy a home.
Why: Everyone knows affordability is at an all-time high. Home prices are low, and so are interest rates. But trying to time the market is a fool's errand; many who get caught up in that game of trying to make sure they buy at the absolute bottom will end up losing out on very, very favorable conditions.
Continue reading at: http://www.trulia.com/blog/
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