Is purchasing a home really a good investment? Especially now...

You have to ask yourself a few questions:

1- Can you afford the mortgage payments?

2-Can you place money aside for future improvements or repairs?

3-Are you planning on living in the home for at least 5 Yrs?

4-Have you checked with your CPA or tax person to see exactly how much you would save in taxes?

5-Are you purchasing in an area that historically has good resale?

6-Do you have pets?

7-Have kids? Is the home located in good school district?

8-Commute? Where do you work? How long will you be on the road to get to work?

I believe there is some excellent deals on homes today in the Bay Area. It is all relevant to how you answered the above questions. Many sellers are paying for closing costs and providing section one clearance as well as taking care of repairs needed found on inspection reports.

Today you can go back and look at a home several times before making an offer. You could not do that a few years back.

I would make a list of the items most important to you in a home.

As you go preview homes, make a scale of 1 - 10  with ten being the highest desired. Anything 7 and above go back and recheck out again. Anything below 7 toss out. Pay attention to your gut feeling.

Make sure you have an experienced Realtor go with you. Someone who is objective. Remember this is one of the greatest investments you will ever make. Emotions run high, and you need someone who will bring it down to a business decision.

I serve the Greater Walnut Creek Area and surrounding communities.

Successfully listing and selling homes since 1999.

Terry Osburn, Broker

ACRE (tm) Accredited Consultant in Real Estate

http://www.terryosburn.com/

AKA as the Pet Friendly Realtor

http://www.pawsitiverealestate.com/