How to Determine If It’s Time for You to Buy a Home – Noah George Hendersonville

Noah George is known to be the most experienced real estate agent in Hendersonville. Noah George, the founder of the Noah George Group, has been in the real estate industry for more than 15 years. He is best known for his honesty, integrity, and loyalty. Noah George can answer any question that you may have about real estate.

When is the best time for you to buy a home? It’s an age-old question, and many people come up with different answers.

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Here are 5 questions to ask yourself when you’re deciding to buy a home:

  1. Do I have enough money saved for a down payment?

Although you can take out a loan with as little as 3% down, it’s important to have some money put away so you can cover closing costs, your down payment, and any other expenses.

  1. Do I have anything in my savings?

You may want to consider buying a home when you have a cash cushion in your savings. You never know what may come up, so it’s important to have money reserved for emergencies.

  1. Do I have a stable income?

It’s time to buy a home when you have stable employment and can prove it with pay stubs. This will help you obtain a loan.

  1. How much do I want to stay in the area?

If you plan on staying in the area, you may not want to buy a home. Rent is typically much cheaper than the monthly mortgage payment of a house.

  1. How much are rents in the area?

If you don’t want to buy a home but realize you can still save money by renting, it’s time to buy when you can see your savings outweighing your rent payments.

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