Its summer time in Orange County and everyone you know from your high school buddies, family members and friends, to your co-workers, is either thinking about, or planning on buying a home.
How about you?
If you’re still “sitting on the fence” wondering if now is the right time for you to buy a home in Orange County, this article will provide you with five signs that you’re ready to buy a home.
#1 – You’re Ready Financially
Besides having a credit score of at least 620 or higher, you’ve managed to save at least 3.5 percent (FHA loan) to 20 percent (Conventional Loan) for a down payment on a home.
After renting a home in Orange County for years, you’re tired of not building wealth, or the equity you would build when you own a home, and you’re finally ready to do something about it by buying a home of your own.
#3 – You’ve Had Enough of Landlords
Although renting isn’t bad, you’ve been doing it for a long time and are ready to have the “say” when it comes to making decorating or design decisions for your home instead of having to consult with the owner of the property first.
#4 – It’s Finally Time to Settle Down
One of the reasons why you’ve been renting for years is because you just weren’t ready to settle down, but, after getting married and having a couple of children you want to own your home and give your children the ability to grow up in a similar home or neighborhood just like you once did.
#5 – You Realized That Owning Really Is Better Than Renting
Last of all, but most important, you finally took the time to sit down and realized that besides paying less money every month to own a home, versus renting, you realized that home ownership offers so many other benefits than renting does like: building equity, mortgage tax deductions, capital gains exclusion and best of all, the freedom of choice which can only come when it comes to owning a home.
Now that we’ve covered all of the ways you will know that it’s time for you to buy a home the next step is for you to hire a Realtor® and start searching or a home in Orange County.
Contact Fred Sed & Associates today by calling us at (949) 272-0125.