subject: To Delay Buying Home [print this page] Having an own home is anyone desired of, and especially if you do have that financial resources that can actually capable to purchase a home that you are dreaming to buy. But, few things that you must be considered before making a decision of purchasing a home.
Selling a home to soon is one thing that you must avoid when buying a home. This will put you in a financial bind and it's true because selling a home before it has appreciated enough in covering the commission and cost of selling.
As I research real estate commission mostly run about six percent of the actual sales price of the home. And totally the seller's closing cost will at be one and half percent and exceeding. You could actually have to get cash out of your own hand to sell your home if you do have that minimal down payment.
Here are some reasons to delay buying a home:
Moving to new places or any part of the region of the country, is one great reasons of delaying buying a home. For me it is good to be familiarized the place before buying from this area, better to do is that rent for a few months before to decide if where you really want to settle a home. Most of the people do this say that they're made the right decision.
Marriage issue is also a reason, it happened mostly in the situation that the couple will decide and force to sell the house due to marriage issue like the divorce. Some think that buying a new home will solve that problems in their family, but selling the home could worsen the bad situation and creating a financial problem to the family.
Job can be also on to consider if you are expecting a job promotion or a transfer from another place. And if your job needed you to travel in any part of the country and not permanently be long enough to stay on that place. If this thing will happen to you waiting to buy a home is the one you should thing of. And when the time comes that you have that idea of where your job going and sure enough about the future of your job. I think that is the best time to buy a home.
by: Ivan P.
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