3 Questions To Ask Before Buying A Home

Dated: 02/17/2018

Views: 247

Image title

So you've decided to make the jump from renting to homeownership. Here are some things you NEED to know.

The real estate market is constantly changing, so you MUST do your research. DO NOT jump the gun on this one. Unbiased advice from family and peers may be kind, but you are the only one who knows what your needs are when it comes to buying a home.


Forget finances for a minute and focus on what made you consider even buying a home in the first place.

· Is your family expanding?

· Does your family feel safe?

· Is there a good school system in the area so your children can get the education they deserve?

· How about that unbearable landlord?

Having a firm grasp of your "why" is an important step, not only for you to stay focused during the process, but also to help your agent guide you down a path that aligns with your goals.


Don't sleep on your decision too long. Home prices are on the rise. Contrary to popular believe, we are not in a bubble. Not only are they on their way up, but these increases are happening monthly.

Don’t believe us? According to this Existing Homes Sales Report from the National Association of Realtors (NAR), the average price of homes in 2017 went up 1.1% from last year and is expected to continue rising if the housing market fails to improve.

If you wait until next year to buy, you might be scraping for change in the cushions to say the least! Not only will it cost you more to buy, but you will also need to increase your down payment to account for the higher price of the home. Which brings us to another important factor:


The initial process of purchasing your home may seem easy and quick, but there is much more to it. The ‘long term cost’ of buying a home WILL haunt you if you buy at the wrong time. Mortgage Bankers Association (MBA), and NAR have projected that mortgage interest rates will increase over the next twelve months. The smallest increase in mortgage rates can have a huge impact on a home owner. We've already seen an increase this month, and rates are expected to raise to around 4.8% by 2018's 4th quarter.


If you and your family feel it is the right time to buy a home, consider these points when making the final decision.

Don’t forget, this move is FOR YOU! If you're looking for a local agent who is familiar with and well educated in how our current market in Whatcom and Skagit County is, please feel free to contact me for any questions you may have. 

Latest Blog Posts

Whats Up With Rick Moore Groups Free Real Estate Workshops

You might ask yourself why a Real Estate team would offer free workshops (no strings attached), along with a free drink, appetizers, one-on-one chats with lenders and agents for personalized,

Read More

Selling Your Home For Top Dollar

Thinking about selling your home? Then you’re probably asking yourself:1. What can I do to my home to maximize the profit potential?2. Is it worth putting money into small renovations?3. What work

Read More

ITS A HIT Free Real Estate Workshops With Rick Moore Group

We did it! Our first two Free Real Estate Workshops were a huge success! If you missed it, Golden Ticket Home Events has set up series of free workshops to help you explore the process of selling

Read More

Rick Moore Group And The Basement Of Secrets

We did it! The first of many Free Real Estate Workshops was a success. For those of you who don’t know, Golden Ticket Home Events has set up an ongoing series of free workshops that discuss the

Read More