William's Places: August 2009

Buyers - Are You Ready???

BUYERS: ARE YOU READY?

 

(This is the second of a three part series for homebuyers, outlining the process and steps to take that will result in your successfully buying a home, whether you are a first time homebuyer or a move-up buyer .)

 

Great! You have made a decision to buy a home for the first time, or perhaps the second time, in your life. Exciting, isn’t it?

 

 

But what brought you to the decision to buy a new home?

 

Whether you have or have not already chosen a realtor to work with you as you prepare to buy a home, this will be one of the three main questions that any realtor will be asking as they guide you through the home buying process:

 

  1. Are you able to buy a home ?
  2. Are you ready to buy a home?
  3. Are you willing to buy a home?

 

The focus of Part 2 in this series addresses the second question: Are you ready to buy a home?   Knowing what your motivation is for buying a home is key in determining how serious you are about completing all of the steps, and answering all of the questions, that are involved in buying a home.

 

  So, what does it mean to be ready to buy a home? buyers

 

  Being ready to buy a home addresses a very wide range of     factors that answer the question “Why?” The answer(s) to that question can be as varied and complex as the number of buyers who have to answer that question.

 

There are some answers to the question “why do you want or need to buy a home” that will, just by their very nature, have more weight to them in your decision to buy a home.

 

 

The following list gives the major reasons why people want or need to buy a home. This list is not meant to be an all-inclusive neither exhaustive list, nor will they all apply to all buyers equally, but they generally tend to be the consensus of what most buyers report as reasons for wanting or needing to buy :

  1. Job/military relocation
  2. Getting married/just married
  3. Seeking/establishing independence
  4. Growing family
  5. Desire for a better area/neighborhood
  6. Empty nest-need to downsize
  7. Unsatisfactory current living arrangements
  8. Upcoming lease renewal with significant increase in rent  

 

Wanting to buy a home may come with several other behind-the-scenes motivators, such as the recent $8000 First Time Home Buyer’s Tax Credit, programs that offer down payment and/or closing cost assistance, knowledge of the tax benefits that come with home ownership, the pride of having something to call one’s own, low interest rates, and the fact that it is currently a buyer’s market.

 

However, no matter what type of market we are in, none of the factors that motivate people to want to buy can ever trump having the need  to buy.

 

buyers

 

Being ready to buy because there is a need that is fulfilled by acquiring a home of one’s own is the most powerful motivator there is – especially if there is a time component involved. Lease is up within the next six months? Job relocation is scheduled within the next three months? Getting married in the next five months? A new arrival to your family is coming in the next four months?

 

 

These are all compelling reasons to get the home-buying process started. Of course, you should first hire a Realtor and make sure that you are able to buy a home when you make the decision to buy a home .

 

Having compelling reasons to buy a home will make it easier for you to follow any recommendations by your realtor and/or mortgage professional that will bring you closer to achieving your goal of home ownership.

 

 

 

Greater Waterbury CT Real Estate FaceBook William James Walton, Sr. on LinkedIn William James Walton, Sr. on Twitter William  James Walton's videos on YouTube 

 

 

 

Courtesy of William James Walton, Sr. , Realtor, WEICHERT, REALTORS® - Briotti Group

Serving northern New Haven and southeastern Litchfield Counties (Waterbury, Wolcott, Prospect, Naugatuck, Middlebury, Southbury, Watertown, Thomaston and Plymouth)

 

Call William James Walton, Sr. Real Estate Agent with WEICHERT, REALTORS® - Briotti Group (203) 558-7463 for help with your real estate needs -buying or selling -  in Waterbury, Watertown, Wolcott, Middlebury, Southbury, Prospect, Naugatuck, Plymouth and Thomaston

Buyers - Search for Greater Waterbury, CT Area Homes For Sale

Sellers - Request a Free Home Evaluation, Look at Recent Home Sales

Comment balloon 1 commentWilliam James Walton Sr. • August 16 2009 09:06PM
Buyers - Are You Ready???
share
BUYERS: ARE YOU READY? (This is the second of a three part series for homebuyers outlining the process and steps to take that will result in your successfully buying a home, whether you are a first time homebuyer or a move-up… more
Spring TX First Time Home Buyers Guide - Part 1 - Loan Pre-approval!!
share
Along with Buyers - Are You Able? this post provides some additional pointers for what to do (or not do) before you start the home search process. I remember being a first time home buyer and the mystery that surrounded the… more
Buyers - Are You Able???
share
BUYERS: ARE YOU ABLE? (This is the first of a three part series for homebuyers outlining the process and steps to take that will res ult in your successfully buy ing a home, whether you are a first time homebuyer or a move-up buyer ) .. more
East Mountain-Waterbury CT Neighborhood Profile
share
EAST MOUNTAIN-WATERBURY CT NEIGHBORHOOD PROFILE View East Mountain - Waterbury, CT in a larger map The East Mountain neighborhood of Waterbury, CT occupies a small area in the southeastern corner of the… more
East Mountain Park - Waterbury CT
share
EAST MOUNTAIN PARK - Waterbury CT The East Mountain Neighborhood Association recently completed renovations to the East Mountain Park located on East Mountain Road adjacent to the East Mountain Golf Course… more
GET SOME RESPECT! PREPARE YOUR CLIENTS FOR A GOOD OUTCOME AND PRODUCE…
share
What every agent needs to hear, and follow… we'll get the respect we are due, for sure… HOW DO REAL ESTATE AGENTS GET RESPECT? BY LETTING OUR BUYER AND SELLER CLIENTS KNOW THAT WE ARE PAID FOR WHAT WE… more
Being In Love
share
My mother sent me this gem today… I was so touched and inspired by it that I couldn't help but to share it. We should not only tell God that we love Him by the lives that we live, but also by sharing His goodness to us with others. &… more
Tony's Men's Shop - Waterbury's Fashion Center For Men
share
TONY’S Men’s Shop – Waterbury’s Fashion Center For Men You know, there really aren’t too many places that a man can find good quality clothing these days. It seems as if all of the clothing specialty places are all for the… more
FRANKIE'S - A Waterbury Tradition
share
FRANKIE’S – A Waterbury Tradition I remember when I was a young boy back in the late 70’s, riding with my parents to the Frankie’s on Lakewood Road. It was always a treat going to Frankie’s on a Friday night, to have a… more
Plymouth, CT Real Estate - Market Update August 2009
share
Plymouth, CT Real Estate – Market Update August 2009 These are the latest statistics for the Plymouth, CT real estate market for the month of July: Active Listings 107 &… more